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Mergers & Acquisitions

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M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Rurban Financial Corp.
Actual Acquirer: Rurban Financial Corp.
Target: NBM Bancorp, Inc.
Deal Type: Bank & Thrift Company
Agreement Date5/22/2008
Announcement Date5/23/2008
Announced Deal Value ($M)25.00
StatusCompleted
Completion Date12/1/2008
Announced Deal Value Per Share ($)113.98
Consideration Breakout
Cash ($M)25.0
Deal Pricing Ratios
 AnnouncementCompletion
Price / Book (%)137.6139.5
Price / Tangible Book (%)137.6139.5
Price / Earnings (x)27.730.2
Price / Deposits (%)27.8828.47
Price / Assets (%)22.9023.51
Tangible Book Premium/ Deposits (%)8.188.68
Deal Terms
Description of Consideration
Rurban Financial Corp. paid $25.0 million in cash to acquire NBM Bancorp, Inc. Target's financials are for National Bank of Montpelier.
Accounting MethodPurchase
In-State Transaction?Yes
Merger of Equals?No
Geographic Expansion?In Market
Goodwill Generated ($000)7,474
Estimated Cost Savings (%)30.00
Estimated Cost Savings ($000)802
Est. Restructuring Charges ($000)NA
Maximum Termination Fee ($000)1,000
Minimum Termination Fee ($000)0
Exchange Ratio (Common For Common)NA
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Lockup AgreementNo
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Core Deposit Intangibles ($000)1,411
Additional Deal Information
Post-Completion
Year
Deal
Accretive?
Earnings
Accretion(%)
Earnings
Accretion($)
Est. Cost
Savings(%)
Est. Cost
Savings($000)
1AccretiveNANANANA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesStifel Nicolaus & Co.
SellerYesAustin Associates LLC

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesVorys Sater Seymour and Pease
SellerYesNiehaus & Associates Ltd.

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