Mergers & Acquisitions

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Deal Overview

Buyer:
United Bancorp, Inc.
Actual Acquirer:
Citizens Savings Bank
Target:
Citizens-State Bank of Strasburg
Deal Type:
Bank & Thrift Company
Agreement Date:
10/14/1986
Announcement Date:
10/14/1986
Announced Deal Value ($ M):
2.42
Status:
Completed
Completion Date:
12/4/1986
Announced Deal Value Per Share ($ )
241.50

Consideration Breakout
Cash ($M) 2.4

Deal Terms
Description of Consideration

United Bancorp Inc. paid $241.50 in cash for each outstanding common share of Citizens-State Bank of Strasburg.

Accounting Method Pooling of Interests
In-State Transaction? Yes
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) 0
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 No
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 Austin Associates LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Werner & Blank LLC
Seller NA NA