Mergers & Acquisitions


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Deal Overview

Buyer:
Capital City Bank Group, Inc.
Actual Acquirer:
Capital City Bank
Target:
Quincy State Bank
Deal Type:
Bank & Thrift Company
Agreement Date:
1/7/2004
Announcement Date:
1/7/2004
Announced Deal Value ($ M):
26.10
Status:
Completed
Completion Date:
3/19/2004
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 28.1

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 233.4 251.2
Price / Tangible Book (%) 233.4 251.2
Price / Earnings (x) 9.8 10.6
Price / Deposits (%) 27.15 27.63
Price / Assets (%) 21.89 22.10
Tangible Book Premium/ Deposits (%) 19.09 20.10
Deal Terms
Description of Consideration

Capital City Bank Group paid $28.1 million in cash to acquire Quincy State Bank.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 12,500
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) 2,400
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer 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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