Mergers & Acquisitions

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Deal Overview

MB Financial, Inc.
Actual Acquirer:
MB Financial, Inc.
First Lincolnwood Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
Announcement Date:
Announced Deal Value ($ M):
Completion Date:
Announced Deal Value Per Share ($ )

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
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