Attention: You are now leaving the Wintrust website.

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Wintrust Financial Corporation
Actual Acquirer:
Wintrust Financial Corporation
Target:
HPK Financial Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
9/18/2012
Announcement Date:
9/18/2012
Announced Deal Value ($ M):
27.50
Status:
Completed
Completion Date:
12/12/2012
Announced Deal Value Per Share ($ )
89.37

Consideration Breakout
Cash ($M) 13.8
Common Stock ($M) 13.8
Common Stock Issued 372,530

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 101.0 101.0
Price / Tangible Book (%) 106.3 106.3
Price / Earnings (x) 14.6 14.6
Price / Deposits (%) 11.54 11.27
Price / Assets (%) 7.06 7.01
Tangible Book Premium/ Deposits (%) 0.81 0.78
Deal Terms
Description of Consideration

Wintrust Financial Corp. paid approximately $27.5 million in cash and common stock to acquire all of the outstanding shares of HPK Financial Corp. Subject to 50% of the consideration being paid in cash. Target financials are of Hyde Park Bank & Trust Co.

Accounting Method Acquisition
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 11,104
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 1,500
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) 600
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Raymond James & Assoc. Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Sidley Austin LLP
Seller Yes Barack Ferrazzano Kirschbaum
Copyright 2019, © S&P Global Market Intelligence  Terms of Use