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Mergers & Acquisitions

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Deal Overview

First Midwest Bancorp, Inc.
Actual Acquirer:
First Midwest Bancorp, Inc.
CF Bancorp, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
Announcement Date:
Announced Deal Value ($ M):
Completion Date:
Announced Deal Value Per Share ($ )

Consideration Breakout
Common Stock ($M) 41.1

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 140.5 161.9
Price / Tangible Book (%) 140.5 161.9
Price / Earnings (x) 12.1 14.3
Price / Deposits (%) 25.17 30.58
Price / Assets (%) 15.17 18.48
Tangible Book Premium/ Deposits (%) 9.05 14.06
Deal Terms
Description of Consideration

CF Bancorp shareholders received 1.4545 shares of First Midwest common for each share held.

Accounting Method Pooling of Interests
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? In Market
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) 1.454500
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement Yes
Strike Price ($ ) 24.7500
% of Shares Outstanding 19.90
Shares Under Option 227,693
Core Deposit Intangibles ($ 000) 0
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes ABN AMRO Inc.
Seller Yes Stifel Nicolaus & Co.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Hinshaw & Culbertson LLP
Seller Yes Silver Freedman Taff & Tiernan