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OTCQX: FFMR
Market Value
($M)293.94
Change
$0.00 - 0.00%
Volume
0
Stock Quote
$ 82.00
As of May 25, 2018 Close
Minimum 20 minute delay.

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
First Farmers Financial Corporation
Actual Acquirer:
First Farmers Bank & Trust
Target:
C. B. Bank Shares, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
8/13/2009
Announcement Date:
8/13/2009
Announced Deal Value ($ M):
4.80
Status:
Completed
Completion Date:
12/4/2009
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 4.8

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 106.3 102.4
Price / Tangible Book (%) 106.3 102.4
Price / Earnings (x) NM NM
Price / Deposits (%) 10.19 10.37
Price / Assets (%) 8.80 8.95
Tangible Book Premium/ Deposits (%) 0.68 0.27
Deal Terms
Description of Consideration

First Farmers Financial Corp. paid $4.8 million in cash to acquire C. B. Bank Shares Inc.

Accounting Method Acquisition
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
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
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Renninger & Associates
Seller Yes Keller & Company Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Shumaker Loop & Kendrick LLP
Seller Yes Barnes & Thornburg LLP
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