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OTCQX: FFMR
Market Value
($M)299.14
Change
$0.00 - 0.00%
Volume
0
Stock Quote
$ 41.75
As of October 19, 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:
First Citizens of Paris, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
12/14/2011
Announcement Date:
12/14/2011
Announced Deal Value ($ M):
16.87
Status:
Completed
Completion Date:
4/30/2012
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 16.0

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 87.8 84.9
Price / Tangible Book (%) 90.2 84.9
Price / Earnings (x) 49.0 NM
Price / Deposits (%) 9.73 8.82
Price / Assets (%) 7.72 7.44
Tangible Book Premium/ Deposits (%) (1.30) (1.87)
Deal Terms
Description of Consideration

First Farmers Financial Corp. paid to First Citizens of Paris Inc. in cash equal to 101% of adjusted book value at completion. Target financials are for Citizens National Bank of Paris.

Accounting Method Acquisition
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Market Expansion
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 FinPro Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Shumaker Loop & Kendrick LLP
Seller Yes Howard & Howard Attorneys PLLC
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