Mergers & Acquisitions

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Deal Overview

Buyer:
German American Bancorp
Actual Acquirer:
German American Bancorp
Target:
Peoples Bancorp of Washington
Deal Type:
Bank & Thrift Company
Agreement Date:
7/8/1996
Announcement Date:
7/8/1996
Announced Deal Value ($ M):
21.10
Status:
Completed
Completion Date:
3/6/1997
Announced Deal Value Per Share ($ )
35.56

Consideration Breakout
Common Stock ($M) 23.1
Common Stock Issued 615,417

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 238.8 245.2
Price / Tangible Book (%) 239.5 245.9
Price / Earnings (x) 25.6 23.2
Price / Deposits (%) 31.04 32.25
Price / Assets (%) 23.23 25.25
Tangible Book Premium/ Deposits (%) 20.33 21.45
Deal Terms
Description of Consideration

Peoples Bancorp shareholders received 1.0372 shares of German American common stock for each shares held.

Accounting Method Pooling of Interests
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 0
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 400
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 1.037200
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement NA
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 0
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes ProBank Austin
Seller Yes Austin Associates LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Leagre Chandler & Millard LLP
Seller Yes Krieg DeVault LLP