Mergers & Acquisitions

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Deal Overview

Old National Bancorp
Actual Acquirer:
First Nat'l Bank Harrisburg
Southern Illinois Holding Company
Deal Type:
Bank & Thrift Company
Agreement Date:
Announcement Date:
Announced Deal Value ($ M):
Completion Date:
Announced Deal Value Per Share ($ )

Consideration Breakout
Common Stock ($M) 5.6
Common Stock Issued 173,559

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 163.4 202.0
Price / Tangible Book (%) 163.4 202.0
Price / Earnings (x) NM 15.4
Price / Deposits (%) 7.34 11.71
Price / Assets (%) 6.88 10.87
Tangible Book Premium/ Deposits (%) 2.91 6.43
Deal Terms
Description of Consideration

Southern Illinois shareholders received 0.7385 shares of Old National common stock for each share held. Seller's financials are for Saline Valley First Federal S&LA.

Accounting Method Pooling of Interests
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) 0
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) 0.738500
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement NA
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 No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Krieg DeVault LLP
Seller Yes Robert M. Wolf