Mergers & Acquisitions

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Deal Overview

Buyer:
United Community Financial Corp.
Actual Acquirer:
United Community Financial Corp.
Target:
Potters Financial Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
9/6/2001
Announcement Date:
9/6/2001
Announced Deal Value ($ M):
23.45
Status:
Completed
Completion Date:
4/1/2002
Announced Deal Value Per Share ($ )
22.00

Consideration Breakout
Cash ($M) 23.4

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 169.6 165.7
Price / Tangible Book (%) 169.6 165.7
Price / Earnings (x) 12.3 13.5
Price / Deposits (%) 19.62 20.39
Price / Assets (%) 15.48 15.95
Tangible Book Premium/ Deposits (%) 10.19 9.99
Deal Terms
Description of Consideration

United Community paid $22.00 in cash for each outstanding share of Potters Financial.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 6,890
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 1,000
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 No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 3,450
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes B. Riley FBR Inc.
Seller Yes Keefe Bruyette & Woods Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Spidi & Fisch PC
Seller Yes Vorys Sater Seymour and Pease