Mergers & Acquisitions

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Deal Overview

Buyer:
German American Bancorp
Actual Acquirer:
German American Bancorp
Target:
CSB Bancorp
Deal Type:
Bank & Thrift Company
Agreement Date:
10/21/1997
Announcement Date:
10/21/1997
Announced Deal Value ($ M):
22.80
Status:
Completed
Completion Date:
6/1/1998
Announced Deal Value Per Share ($ )
142.19

Consideration Breakout
Common Stock ($M) 28.7
Common Stock Issued 928,572

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 250.6 322.5
Price / Tangible Book (%) 250.6 322.5
Price / Earnings (x) 30.1 59.3
Price / Deposits (%) 34.92 42.77
Price / Assets (%) 30.37 37.19
Tangible Book Premium/ Deposits (%) 25.14 35.80
Deal Terms
Description of Consideration

CSB shareholders received, in aggregate, 928,572 shares of German American Bancorp. Seller's financials are for Citizens State Bank of Petersburg.

Accounting Method Pooling of Interests
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 0
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 500
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 5.803600
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) NM
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes BKD Corporate Finance LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Leagre Chandler & Millard LLP
Seller Yes Krieg DeVault LLP