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Mergers & Acquisitions

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Deal Overview

Buyer:
First Ottawa Bancshares, Inc.
Actual Acquirer:
First National Bank of Ottawa
Target:
2 Branches
Deal Type:
Bank & Thrift Branch
Seller:
First Midwest Bancorp, Inc.
Agreement Date:
7/18/2003
Announcement Date:
7/18/2003
Number of Target Branches
2
Branch Locations
Streator (2)
IL
Franchise Premium ($ 000)
4,942
Tangible Book Premium/ Deposits (%)
7.06
Status:
Completed
Completion Date:
11/14/2003

Deal Terms
Description of Consideration

NA

Financials
Deposits ($ 000) 70,000
Total Assets ($ 000) 65,058
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Barack Ferrazzano Kirschbaum
Seller Yes Hinshaw & Culbertson LLP