Mergers & Acquisitions

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Deal Overview

Buyer:
Community Trust Bancorp, Inc.
Actual Acquirer:
Community Trust Bank, Inc.
Target:
Eagle Fidelity, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
5/31/2007
Announcement Date:
5/31/2007
Announced Deal Value ($ M):
36.97
Status:
Terminated
Completion Date:
8/13/2007
Announced Deal Value Per Share ($ )
NA

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 178.8 NA
Price / Tangible Book (%) 178.8 NA
Price / Earnings (x) 22.0 NA
Price / Deposits (%) 27.76 NA
Price / Assets (%) 23.76 NA
Tangible Book Premium/ Deposits (%) 14.67 NA
Deal Terms
Description of Consideration

Community Trust Bancorp Inc. would have paid $18.5 million in cash and issue 544,137 shares to acquire Eagle Fidelity Inc., subject to certain collar. Target's financials are for Eagle Bank.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) 20.00
Estimated Cost Savings ($ 000) 807
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 1,250
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 Sandler O'Neill & Partners LP
Seller Yes ProBank Austin
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Greenebaum Doll & McDonald
Seller Yes Frost Brown Todd LLC