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Deal Overview

Buyer:
Capital City Bank Group, Inc.
Actual Acquirer:
Capital City Bank Group, Inc.
Target:
First Bankshares of West Point, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
9/26/2000
Announcement Date:
9/26/2000
Announced Deal Value ($ M):
16.90
Status:
Completed
Completion Date:
3/5/2001
Announced Deal Value Per Share ($ )
87.86

Consideration Breakout
Cash ($M) 3.4
Common Stock ($M) 16.6
Common Stock Issued 701,000

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 108.7 125.2
Price / Tangible Book (%) 113.1 129.9
Price / Earnings (x) 30.3 35.8
Price / Deposits (%) 16.18 17.48
Price / Assets (%) 11.54 12.74
Tangible Book Premium/ Deposits (%) 2.04 4.31
Deal Terms
Description of Consideration

First Bankshares of West Point shareholders received $17.7543 in cash and 3.6419 shares of Capital City common stock for each share outstanding.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 5,500
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 0
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 3.641900
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement Yes
Strike Price ($ ) 80.4200
% of Shares Outstanding 19.90
Shares Under Option 38,303
Core Deposit Intangibles ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes McConnell Budd & Romano Inc.
Seller Yes The Burke Group LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Gunster Yoakley & Stewart PA
Seller Yes Powell Goldstein LLP
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