Mergers & Acquisitions

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Deal Overview

Buyer:
Investor group
Actual Acquirer:
Investor group
Target:
Bay Cities National Bank
Deal Type:
Bank & Thrift Company
Agreement Date:
9/7/2010
Announcement Date:
9/7/2010
Announced Deal Value ($ M):
NA
Status:
Completed
Completion Date:
9/30/2010
Announced Deal Value Per Share ($ )
NA

Deal Terms
Description of Consideration

A group of investors infused $460 million into the equity of Bay Cities National Bank.

Accounting Method Acquisition
In-State Transaction? NA
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) NA
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 NA
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Sandler O'Neill & Partners LP
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Patton Boggs LLP
Seller Yes Manatt Phelps & Phillips LLP