Menu

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Chemical Financial Corporation
Actual Acquirer:
Chemical Bank Bay Area
Target:
Community Financial Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
7/1/1989
Announcement Date:
7/1/1989
Announced Deal Value ($ M):
NA
Status:
Completed
Completion Date:
7/1/1989
Announced Deal Value Per Share ($ )
NA

Deal Terms
Description of Consideration

Terms of this stock deal were not disclosed. Seller's financials are the merged financials of Huron County Bank and Peoples State Bank of Caro.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Partial Overlap
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) NA
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) NA