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Deal Overview

Buyer:
Wintrust Financial Corporation
Actual Acquirer:
Wintrust Bank
Target:
North Bank
Deal Type:
Bank & Thrift Company
Agreement Date:
3/30/2015
Announcement Date:
3/30/2015
Announced Deal Value ($ M):
17.00
Status:
Completed
Completion Date:
7/1/2015
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 17.0

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 152.3 150.0
Price / Tangible Book (%) 152.3 150.0
Price / Earnings (x) 29.6 33.5
Price / Deposits (%) 17.70 18.09
Price / Assets (%) 15.75 16.03
Tangible Book Premium/ Deposits (%) 7.48 7.02
Deal Terms
Description of Consideration

Wintrust Financial Corp. paid $17 million in cash for all of the outstanding shares of North Bank.

Accounting Method Acquisition
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 6,700
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) 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) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Seller Yes D.A. Davidson & Co.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Schiff Hardin LLP
Seller Yes Fox Swibel Levin & Carroll
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