Mergers & Acquisitions

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Deal Overview

Buyer:
Community Trust Bancorp, Inc.
Actual Acquirer:
Pikeville National Corporation
Target:
Farmers Deposit Bank
Deal Type:
Bank & Thrift Company
Agreement Date:
1/12/1990
Announcement Date:
1/12/1990
Announced Deal Value ($ M):
9.10
Status:
Completed
Completion Date:
8/1/1990
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Common Stock ($M) 9.1
Common Stock Issued 337,163

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 151.5 142.5
Price / Tangible Book (%) 151.5 142.5
Price / Earnings (x) 13.6 12.6
Price / Deposits (%) 17.98 17.03
Price / Assets (%) 15.27 14.54
Tangible Book Premium/ Deposits (%) 7.15 5.89
Deal Terms
Description of Consideration

Farmers Deposit Corp. shareholders received, in aggregate, 337,163 shares of Pikeville National Corp. common. Seller's financials are for Farmers Deposit Bank.

Accounting Method Pooling of Interests
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) 0
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) NM