Mergers & Acquisitions

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Deal Overview

Buyer:
Simmons First National Corporation
Actual Acquirer:
Simmons First National Corporation
Target:
DSB Bancshares, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
4/25/1995
Announcement Date:
4/25/1995
Announced Deal Value ($ M):
2.40
Status:
Completed
Completion Date:
8/1/1995
Announced Deal Value Per Share ($ )
166.29

Consideration Breakout
Cash ($M) 2.4

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 115.7 106.9
Price / Tangible Book (%) 115.7 106.9
Price / Earnings (x) 7.8 8.0
Price / Deposits (%) 13.99 14.77
Price / Assets (%) 12.13 12.86
Tangible Book Premium/ Deposits (%) 2.34 1.22
Deal Terms
Description of Consideration

DSB Bancshares shareholders received, in aggregate, $2,438,000 in cash for all outstanding shares. Seller's financials are for Dermott State Bank.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Partial Overlap
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) 15.00
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 No
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 Yes DD&F Consulting Group
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Ramsay Bridgforth Harrelson
Seller No NA