Mergers & Acquisitions

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Deal Overview

Buyer:
MB Financial, Inc.
Actual Acquirer:
MB Financial, Inc.
Target:
FSL Holdings, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
2/8/2001
Announcement Date:
2/8/2001
Announced Deal Value ($ M):
41.31
Status:
Completed
Completion Date:
5/16/2001
Announced Deal Value Per Share ($ )
165.00

Consideration Breakout
Cash ($M) 41.3

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 148.9 153.2
Price / Tangible Book (%) 148.9 153.2
Price / Earnings (x) 19.8 20.2
Price / Deposits (%) 23.37 22.52
Price / Assets (%) 19.57 18.87
Tangible Book Premium/ Deposits (%) 9.02 9.27
Deal Terms
Description of Consideration

MB Financial paid $165.00 in cash for each share of FSL Holdings.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Partial Overlap
Goodwill Generated ($ 000) 8,337
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 2,000
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) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Hovde Financial Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Schwartz Cooper Chartered
Seller Yes Kemp Grzelakowski Ltd.
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