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Deal Overview

Buyer:
Wintrust Financial Corporation
Actual Acquirer:
Wintrust Financial Corporation
Target:
Generations Bancorp, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
1/14/2016
Announcement Date:
1/14/2016
Announced Deal Value ($ M):
30.00
Status:
Completed
Completion Date:
3/31/2016
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 25.1

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 129.0 107.9
Price / Tangible Book (%) 129.0 107.9
Price / Earnings (x) 63.7 53.3
Price / Deposits (%) 30.49 25.51
Price / Assets (%) 23.86 19.96
Tangible Book Premium/ Deposits (%) 8.42 2.30
Deal Terms
Description of Consideration

Wintrust Financial Corporation paid approximately $25.1 million in cash to acquire Generations Bancorp, Inc., subject to certain adjustments. Additionally, Wintrust Financial Corporation deposited an amount in cash equal to 10% of the merger consideration for a special purpose escrow account for the period of 15 months in support of the Generations Bancorp, Inc.'s indemnification obligations. Target financials are for Foundations Bank.

Accounting Method Acquisition
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 11,500
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 1,250
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) NA
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 Schiff Hardin LLP
Seller Yes Godfrey & Kahn SC
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