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Mergers & Acquisitions

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Deal Overview

Buyer:
First Midwest Bancorp, Inc.
Actual Acquirer:
First Midwest Bancorp, Inc.
Target:
Peoples Bancorp, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
9/21/2015
Announcement Date:
9/21/2015
Announced Deal Value ($ M):
16.83
Status:
Completed
Completion Date:
12/3/2015
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 16.8

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 130.5 130.5
Price / Tangible Book (%) 130.5 130.5
Price / Earnings (x) 29.3 29.3
Price / Deposits (%) 17.80 18.08
Price / Assets (%) 15.53 15.78
Tangible Book Premium/ Deposits (%) 5.09 5.18
Deal Terms
Description of Consideration

First Midwest Bancorp Inc. paid approximately $16.8 million in cash to acquire Peoples Bancorp Inc. Target financials are for Peoples' Bank of Arlington Heights.

Accounting Method Acquisition
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 7,665
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) 1,000
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) 580
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Seller Yes Hovde Group LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Chapman & Cutler LLP
Seller Yes Barack Ferrazzano Kirschbaum