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Deal Overview

Buyer:
Capital City Bank Group, Inc.
Actual Acquirer:
Capital City Bank Group, Inc.
Target:
Grady Holding Company
Deal Type:
Bank & Thrift Company
Agreement Date:
2/12/1999
Announcement Date:
2/12/1999
Announced Deal Value ($ M):
31.30
Status:
Completed
Completion Date:
5/7/1999
Announced Deal Value Per Share ($ )
513.31

Consideration Breakout
Common Stock ($M) 30.3
Common Stock Issued 1,309,565

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 193.9 182.1
Price / Tangible Book (%) 193.9 182.1
Price / Earnings (x) 15.3 14.2
Price / Deposits (%) 35.25 32.22
Price / Assets (%) 28.84 26.43
Tangible Book Premium/ Deposits (%) 20.55 17.71
Deal Terms
Description of Consideration

Capital City exchanged 21.5 shares of common stock for each outstanding share of Grady Holding Company. Seller's financials are for First National Bank of Grady County.

Accounting Method Pooling of Interests
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 0
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) 21.500000
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) NM
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes McConnell Budd & Romano Inc.
Seller Yes Carson Medlin Co.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Gunster Yoakley & Stewart PA
Seller Yes Alston & Bird LLP
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