Email page PDF view Print view Email Alert Social media sharing

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Univest Corporation of Pennsylvania
Actual Acquirer:
Univest National Bank & Trust Company
Target:
Suburban Community Bank
Deal Type:
Bank & Thrift Company
Agreement Date:
5/15/2003
Announcement Date:
5/15/2003
Announced Deal Value ($ M):
24.14
Status:
Completed
Completion Date:
10/4/2003
Announced Deal Value Per Share ($ )
20.00

Consideration Breakout
Cash ($M) 24.1

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 251.9 245.5
Price / Tangible Book (%) 251.9 245.5
Price / Earnings (x) 28.1 32.0
Price / Deposits (%) 37.46 33.74
Price / Assets (%) 28.22 26.49
Tangible Book Premium/ Deposits (%) 24.62 21.62
Deal Terms
Description of Consideration

Univest paid $20.00 in cash for each outstanding share of Suburban Community.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 14,077
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 1,250
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 No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 783
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Boenning & Scattergood Inc.
Seller Yes Danielson Associates LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Fox Rothschild LLP
Seller Yes Duane Morris LLP
Copyright 2017, © S&P Global Market Intelligence  Terms of Use