Mergers & Acquisitions

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Deal Overview

Buyer:
Simmons First National Corporation
Actual Acquirer:
Simmons Bank
Target:
Heartland Bank
Deal Type:
Bank & Thrift Company
Agreement Date:
8/28/2017
Announcement Date:
8/28/2017
Announced Deal Value ($ M):
5.50
Status:
Completed
Completion Date:
8/28/2017
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Unclassified ($M) 5.5

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 62.7 62.7
Price / Tangible Book (%) 62.7 62.7
Price / Earnings (x) NM NM
Price / Deposits (%) 2.94 2.94
Price / Assets (%) 2.76 2.76
Tangible Book Premium/ Deposits (%) NM NM
Deal Terms
Description of Consideration

Simmons First National Corp. was the successful bidder at the UCC Sale with a credit bid of $5.5 million and became the sole shareholder of Heartland Bank.

Accounting Method Acquisition
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Partial Overlap
Goodwill Generated ($ 000) NA
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