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Regional Financial Services Mergers & Acquisitions Update – Indiana, Kentucky, Ohio & Mississippi

Regional M&A Transaction Statistics

The following table outlines regional bank acquisitions announced since January 2012 that disclosed pricing terms.

Recent Events & Transactions

On September 15, Evansville, Indiana-based Old National Bancorp ($8.6 billion in assets) acquired Indiana Community Bancorp ($985 million in assets), headquartered in Columbus, Indiana, for approximately $92 million. With the acquisition, Old National Bancorp will gain a presence in Bartholomew, Decatur, Jefferson, Jennings, Ripley, Scott Counties, Indiana, and Shelby County, Tennessee, and increase its presence in Jackson and Marion Counties, Tennessee.

Number of Regional Whole Bank & Thrift Transactions

Regional Average Price-to-Tangible Equity

The following chart depicts average price-to-tangible equity multiples for regional transactions since 2007 that disclosed pricing terms.

Regional Publicly Traded Banking Companies

The following table outlines the stock performance of the 15 largest publicly traded banking companies in the region as defined by total assets.

Nationwide Number of Whole Bank & Thrift Transactions

Nationwide Average Price-to-Tangible Equity

Nationwide Number of Branch Transactions

Nationwide Median Premium-to-Branch Deposits

Failed Bank Statistics

For more information visit www.BKDcorporatefinance.com.

This post was written by:

Wyatt, a financial analyst with BKD Corporate Finance, LLC, researches and analyzes company and industry data for clients interested in mergers, acquisitions or divestitures or those seeking debt and equity financing. He also assists in managing corporate finance engagements.

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