Mergers & Acquisitions

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Deal Overview

Buyer:
MB Financial, Inc.
Actual Acquirer:
MB Financial Bank, National Association
Target:
American Chartered Bancorp, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
11/20/2015
Announcement Date:
11/22/2015
Announced Deal Value ($ M):
449.00
Status:
Completed
Completion Date:
8/24/2016
Announced Deal Value Per Share ($ )
9.30

Consideration Breakout
Cash ($M) 102.3
Common Stock ($M) 382.8
Common Stock Issued 9,744,636

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 218.8 202.6
Price / Tangible Book (%) 218.8 202.6
Price / Earnings (x) 14.8 15.1
Price / Deposits (%) 20.08 20.65
Price / Assets (%) 15.99 17.45
Tangible Book Premium/ Deposits (%) 11.27 12.00
Deal Terms
Description of Consideration

MB Financial Inc. paid approximately $485.1 million in combination of cash and stock to acquire all of the outstanding shares of American Chartered Bancorp Inc., subject to $102.3 million of the consideration paid in cash. MB Financial Inc. also assumed American Chartered Bancorp Inc.'s junior subordinated debt securities.

Accounting Method Acquisition
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 274,885
Estimated Cost Savings (%) 29.00
Estimated Cost Savings ($ 000) 16,900
Est. Restructuring Charges ($ 000) 32,001
Maximum Termination Fee ($ 000) 16,000
Minimum Termination Fee ($ 000) 0
Exchange Ratio (Common For Common) 0.2732
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) 25,452
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Sandler O'Neill & Partners LP
Seller Yes Evercore Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Silver Freedman Taff & Tiernan
Seller Yes Wachtell Lipton Rosen & Katz
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