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Deal Overview

Buyer:
Tompkins Financial Corporation
Actual Acquirer:
Tompkins Financial Corporation
Target:
Sleepy Hollow Bancorp, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
11/9/2007
Announcement Date:
11/13/2007
Announced Deal Value ($ M):
30.20
Status:
Completed
Completion Date:
5/8/2008
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 30.2

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 276.5 302.0
Price / Tangible Book (%) 276.5 302.0
Price / Earnings (x) 46.5 NM
Price / Deposits (%) 13.45 13.58
Price / Assets (%) 12.33 12.42
Tangible Book Premium/ Deposits (%) 10.20 10.94
Deal Terms
Description of Consideration

Tompkins Financial Corporation paid $30.2 million in cash to acquire Sleepy Hollow Bancorp Inc. Target's financials are for Sleepy Hollow Bank.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 18,713
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) 209
Maximum Termination Fee ($ 000) 950
Minimum Termination Fee ($ 000) 0
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) 2,431
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Sandler O'Neill & Partners LP
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Harris Beach PLLC
Seller Yes Thacher Proffitt & Wood
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