Mergers & Acquisitions


Return to Mergers & Acquisitions

Deal Overview

Buyer:
Capital City Bank Group, Inc.
Actual Acquirer:
Capital City Bank Group, Inc.
Target:
First Financial Bancorp.
Deal Type:
Bank & Thrift Company
Agreement Date:
12/11/1995
Announcement Date:
12/11/1995
Announced Deal Value ($ M):
19.90
Status:
Completed
Completion Date:
7/1/1996
Announced Deal Value Per Share ($ )
22.00

Consideration Breakout
Cash ($M) 19.9

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 128.7 128.9
Price / Tangible Book (%) 128.7 128.9
Price / Earnings (x) 12.9 15.2
Price / Deposits (%) 9.91 9.48
Price / Assets (%) 8.67 8.28
Tangible Book Premium/ Deposits (%) 2.85 2.52
Deal Terms
Description of Consideration

First Financial shareholders received $22.00 in cash for each share held. Deal value includes the exercise of First Financial's options.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Partial Overlap
Goodwill Generated ($ 000) 9,230
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 1,000
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 No
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 M.A. Schapiro & Co. Inc.
Seller Yes Sandler O'Neill & Partners LP
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Ausley & McMullen
Seller Yes Elias Matz Tiernan & Herrick
Copyright 2018, © S&P Global Market Intelligence  Terms of Use