Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
MB Financial, Inc.
Actual Acquirer:
MB Financial, Inc.
Target:
First Lincolnwood Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
12/27/2001
Announcement Date:
12/27/2001
Announced Deal Value ($ M):
35.00
Status:
Completed
Completion Date:
4/8/2002
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 35.0

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 199.7 193.5
Price / Tangible Book (%) 199.7 193.5
Price / Earnings (x) 19.4 18.2
Price / Deposits (%) 19.03 18.87
Price / Assets (%) 14.00 14.58
Tangible Book Premium/ Deposits (%) 11.70 11.21
Deal Terms
Description of Consideration

MB Financial paid about $30.1M in cash to acquire First Lincolnwood Corp. and about $4.9M for the minority-held shares of First National Bank of Lincolnwood.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 11,924
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 2,300
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 No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Schwartz Cooper Chartered
Seller Yes Collins & Bargione
You are leaving mbfinancial.com

Clicking "Continue" will take you from MB Financial Bank’s website to this organization’s own website which is governed by the organization’s own privacy policy.

Close Continue