Attention: You are now leaving the Wintrust website.

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Wintrust Financial Corporation
Actual Acquirer:
Wintrust Financial Corporation
Target:
Hinsbrook Bancshares, Incorporated
Deal Type:
Bank & Thrift Company
Agreement Date:
12/5/2005
Announcement Date:
12/5/2005
Announced Deal Value ($ M):
122.78
Status:
Completed
Completion Date:
5/31/2006
Announced Deal Value Per Share ($ )
41.59

Consideration Breakout
Cash ($M) 65.4
Common Stock ($M) 57.4
Common Stock Issued 1,120,033

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 321.6 296.9
Price / Tangible Book (%) 321.6 296.9
Price / Earnings (x) 20.4 17.5
Price / Deposits (%) 28.08 28.51
Price / Assets (%) 24.25 24.54
Tangible Book Premium/ Deposits (%) 28.19 28.20
Deal Terms
Description of Consideration

Wintrust Financial Corp. paid approx. $41.59 for each share of Hinsbrook Bancshares Inc. outstanding subject to a 50/50 cash stock split. Prior to closing, Wintrust paid $8.0 million of Hinsbrook's subordinated debt.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 71,902
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 1,000
Minimum Termination Fee ($ 000) 0
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) 7,930
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Capital Market Securities Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Schiff Hardin LLP
Seller Yes Barack Ferrazzano Kirschbaum
Copyright 2019, © S&P Global Market Intelligence  Terms of Use