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Deal Overview

Buyer:
Capital City Bank Group, Inc.
Actual Acquirer:
Capital City Bank Group, Inc.
Target:
First Alachua Banking Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
2/3/2005
Announcement Date:
2/3/2005
Announced Deal Value ($ M):
58.15
Status:
Completed
Completion Date:
5/20/2005
Announced Deal Value Per Share ($ )
5,709.03

Consideration Breakout
Cash ($M) 29.0
Common Stock ($M) 28.5
Common Stock Issued 906,000

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 235.8 226.5
Price / Tangible Book (%) 247.1 236.7
Price / Earnings (x) 23.7 22.3
Price / Deposits (%) 28.59 28.00
Price / Assets (%) 25.37 24.81
Tangible Book Premium/ Deposits (%) 20.18 19.36
Deal Terms
Description of Consideration

Capital City paid $2,847.04 in cash and issued 71.176 shares for each outstanding share of First Alachua.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 30,500
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 2,320
Minimum Termination Fee ($ 000) 0
Exchange Ratio (Common For Common) 71.176000
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 5,100
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes McConnell Budd & Romano Inc.
Seller Yes SunTrust Robinson Humphrey
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Gunster Yoakley & Stewart PA
Seller Yes Smith Gambrell & Russell
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