Mergers & Acquisitions | Commerce Bank

Mergers & Acquisitions

COMMERCE BANCSHARES, INC. (NASDAQ - CBSH)

Source: SNL

M&A History

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Buyer: Commerce Bancshares, Inc.
Actual Acquirer: Commerce Bank, NA
Target: AMCORE Bank, NA
Deal Type: Bank & Thrift Company
Announcement Date	4/8/1992
Announced Deal Value ($M)	8.0
Status	Completed
Completion Date	12/1/1992
Announced Deal Value Per Share ($)	41.43

Consideration Breakout
Cash ($M)	8.8

	Announcement	Completion
Price / Book (%)	132.6	133.9
Price / Tangible Book (%)	132.6	133.9
Price / Earnings (x)	NM	NM
Price / Deposits (%)	9.18	10.96
Price / Assets (%)	8.31	9.82
Tangible Book Premium/ Deposits (%)	1.53	3.12

Description of Consideration
AMCORE Financial sold its subsidiary, AMCORE Bank, to Commerce for $41.425 per common share (108,570 shares or 98.7% held) and $100 per preferred share (35,000 shares held).
Accounting Method	Purchase
In-State Transaction?	No
Merger of Equals?	No
Geographic Expansion?	In Market
Goodwill Generated ($000)	NA
Estimated Cost Savings (%)	NA
Estimated Cost Savings ($000)	NA
Est. Restructuring Charges ($000)	NA
Maximum Termination Fee ($000)	NA
Minimum Termination Fee ($000)	NA
Exchange Ratio (Common For Common)	NM
Exchange Ratio (Common For Preferred)	NM
Exchange Ratio (Preferred For Common)	NM
Exchange Ratio (Preferred For Preferred)	NM
Lockup Agreement	No
Strike Price ($)	NA
% of Shares Outstanding	NA
Shares Under Option	NA
Core Deposit Intangibles ($000)	NA


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