Mergers & Acquisitions

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Deal Overview

Buyer:
Summit Bancshares, Ltd.
Actual Acquirer:
First National Bank in Olney
Target:
2 Branches
Deal Type:
Bank & Thrift Branch
Seller:
Old National Bancorp
Agreement Date:
2/25/2002
Announcement Date:
2/25/2002
Number of Target Branches
2
Branch Locations
Oblong,IL
Robinson,IL
Franchise Premium ($ 000)
3,570
Tangible Book Premium/ Deposits (%)
5.73
Status:
Completed
Completion Date:
7/12/2002

Deal Terms
Description of Consideration

NA

Financials
Deposits ($ 000) 62,329
Total Assets ($ 000) 58,759
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Hovde Financial Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Howard & Howard Attorneys PLLC
Seller Yes Krieg DeVault LLP