Mergers & Acquisitions

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Deal Overview

Buyer:
German American Bancorp
Actual Acquirer:
German American Bancorp
Target:
Stone City Bancshares, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
10/25/2005
Announcement Date:
10/25/2005
Announced Deal Value ($ M):
11.00
Status:
Completed
Completion Date:
1/1/2006
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 6.4
Common Stock ($M) 4.6
Common Stock Issued 349,468

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 184.8 184.8
Price / Tangible Book (%) 184.8 184.8
Price / Earnings (x) 64.4 64.4
Price / Deposits (%) 23.91 23.22
Price / Assets (%) 18.51 18.11
Tangible Book Premium/ Deposits (%) 12.75 13.13
Deal Terms
Description of Consideration

German American paid $6.4 million in cash and $4.6 million in stock to acquire Stone City Bancshares. Seller's financials are for Stone City Bank of Bedford.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 5,576
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 300
Minimum Termination Fee ($ 000) 0
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) 1,259
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Howe Barnes Hoefer & Arnett
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Ice Miller LLP
Seller Yes Jenkens & Gilchrist PC