Mergers & Acquisitions

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Deal Overview

Buyer:
MB Financial Inc.
Actual Acquirer:
MB Financial Inc.
Target:
South Holland Bancorp Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
11/1/2002
Announcement Date:
11/1/2002
Announced Deal Value ($ M):
93.10
Status:
Completed
Completion Date:
2/7/2003
Announced Deal Value Per Share ($ )
1,065.83

Consideration Breakout
Cash ($M) 93.1

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 131.3 123.3
Price / Tangible Book (%) 136.0 127.4
Price / Earnings (x) 24.1 18.1
Price / Deposits (%) 20.35 20.49
Price / Assets (%) 17.48 17.41
Tangible Book Premium/ Deposits (%) 5.74 4.68
Deal Terms
Description of Consideration

MB Financial paid about $93.1 million in cash to acquire South Holland.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 28,600
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) 7,300
Maximum Termination Fee ($ 000) 3,500
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) 5,900
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Sandler O'Neill & Partners LP
Seller Yes William Blair & Co. L.L.C.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Silver Freedman Taff & Tiernan
Seller Yes Chapman & Cutler LLP
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