Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
UMB Financial Corporation
Actual Acquirer:
UMB Financial Corporation
Target:
Valley Bank Holding Company
Deal Type:
Bank & Thrift Company
Agreement Date:
11/20/1990
Announcement Date:
11/20/1990
Announced Deal Value ($ M):
4.00
Status:
Completed
Completion Date:
5/10/1991
Announced Deal Value Per Share ($ )
5.54

Consideration Breakout
Cash ($M) 4.0

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 132.7 123.8
Price / Tangible Book (%) 137.7 127.9
Price / Earnings (x) 12.3 12.6
Price / Deposits (%) 9.93 9.87
Price / Assets (%) 9.07 9.08
Tangible Book Premium/ Deposits (%) 2.82 2.23
Deal Terms
Description of Consideration

Valley shareholders received 140% of August 31, 1990 book value for each each share held. This amount was to be lowered by no more than 20% for the valuation of certain NPA's.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 1,276
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) NA
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) NA
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement NA
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Watson Ess Marshall & Enggas
Seller Yes Sherman & Howard LLC