Mergers & Acquisitions

Source: SNL

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Deal Overview

Buyer:
New Era Bancorporation, Inc.
Actual Acquirer:
New Era Bank
Target:
3 Branches
Deal Type:
Bank & Thrift Branch
Seller:
Commerce Bancshares, Inc.
Agreement Date:
3/17/2014
Announcement Date:
3/17/2014
Number of Target Branches
3
Branch Locations
Bonne Terre
MO
Desloge
MO
Farmington
MO
Franchise Premium ($ 000)
2,100
Tangible Book Premium/ Deposits (%)
2.80
Status:
Completed
Completion Date:
7/25/2014

Deal Terms
Description of Consideration

NA

Financials
Deposits ($ 000) 75,000
Total Assets ($ 000) 72,900
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes CrossFirst Advisors LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes NA
Seller No NA