Date: 10/20/2006
Announcing the completion of a Texas bank merger
Sheshunoff & Co. Investment Banking, a leader in merger and acquisition advisory services to financial institutions announces the completion of the merger of The Bank of Weatherford, Texas ($60 million) to Columbian Financial Corporation of Overland Park, Kansas. Sheshunoff & Co. initiated the transaction and served as the exclusive financial advisor to The Bank on November 15, 2006.
Under the terms of the agreement, Columbian purchased The Bank for approximately $15.8 million in cash. This price represents 3.5x tangible book, and 43.3x last twelve months earnings.
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