Return to Mergers & Acquisitions

Deal Overview

Buyer:
Umpqua Holdings Corporation
Actual Acquirer:
Umpqua Bank
Target:
American Perspective Bank
Deal Type:
Bank & Thrift Company
Agreement Date:
4/9/2012
Announcement Date:
4/10/2012
Announced Deal Value ($ M):
44.70
Status:
Terminated
Completion Date:
4/30/2012
Announced Deal Value Per Share ($ )
10.00

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 101.2 NA
Price / Tangible Book (%) 101.2 NA
Price / Earnings (x) 15.6 NA
Price / Deposits (%) 21.25 NA
Price / Assets (%) 17.25 NA
Tangible Book Premium/ Deposits (%) 0.94 NA
Deal Terms
Description of Consideration

Umpqua Holdings Corp. would have paid $10.00 per share in cash to acquire each outstanding share of American Perspective Bank.

Accounting Method Acquisition
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) 35.00
Estimated Cost Savings ($ 000) 2,372
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 1,600
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) 1,598
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Keefe Bruyette & Woods Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Lane Powell PC
Seller Yes Horgan Rosen Beckham & Coren