Mergers & Acquisitions

Source: SNL

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Deal Overview

Buyer:
Commerce Bancshares, Inc.
Actual Acquirer:
Commerce Bancshares, Inc.
Target:
Firstbank Investment Co.
Deal Type:
Bank & Thrift Company
Agreement Date:
4/7/1993
Announcement Date:
4/7/1993
Announced Deal Value ($ M):
NA
Status:
Completed
Completion Date:
3/1/1994
Announced Deal Value Per Share ($ )
NA

Deal Terms
Description of Consideration

First Investment Co. shareholders will receive an undisclosed amount of Commerce Bancshares common for each share held. Seller's financials are for Bank of Kansas/Lawrence.

Accounting Method Purchase
In-State Transaction? No
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