Mergers & Acquisitions

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Deal Overview

Buyer:
Old National Bancorp
Actual Acquirer:
Old National Bancorp
Target:
Farmers Bank National Association
Deal Type:
Bank & Thrift Company
Agreement Date:
3/7/1990
Announcement Date:
3/7/1990
Announced Deal Value ($ M):
20.30
Status:
Completed
Completion Date:
10/31/1990
Announced Deal Value Per Share ($ )
728.00

Consideration Breakout
Common Stock ($M) 18.0
Common Stock Issued 782,600

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 192.9 178.6
Price / Tangible Book (%) 192.9 178.6
Price / Earnings (x) 20.8 17.9
Price / Deposits (%) 21.43 18.36
Price / Assets (%) 18.36 16.14
Tangible Book Premium/ Deposits (%) 11.75 8.91
Deal Terms
Description of Consideration

Farmers shareholders received 28 shares of Old National common for each share held.

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) 28.000000
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
Seller Yes Sheshunoff & Co.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Krieg DeVault LLP
Seller Yes Pedley & Gordinier PLLC