Mergers & Acquisitions

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Deal Overview

Buyer:
People's Utah Bancorp
Actual Acquirer:
People's Intermountain Bank
Target:
7 branches
Deal Type:
Bank & Thrift Branch
Seller:
Banner Corporation
Agreement Date:
7/26/2017
Announcement Date:
7/27/2017
Number of Target Branches
7
Branch Locations
Orem,UT
Provo,UT
Salem,UT
Salt Lake City,UT
South Jordan,UT
Springville,UT
Woods Cross,UT
Franchise Premium ($ 000)
15,300
Tangible Book Premium/ Deposits (%)
8.50
Status:
Completed
Completion Date:
10/6/2017

Deal Terms
Description of Consideration

NA

Financials
Deposits ($ 000) 180,000
Total Assets ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes D.A. Davidson & Co.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Dorsey & Whitney LLP
Seller Yes Davis Wright Tremaine LLP