Mergers & Acquisitions

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Deal Overview

Buyer:
BOK Financial Corporation
Actual Acquirer:
Bank of Texas NA
Target:
Chaparral Bancshares, Incorporated
Deal Type:
Bank & Thrift Company
Agreement Date:
3/1/1999
Announcement Date:
3/1/1999
Announced Deal Value ($ M):
29.90
Status:
Completed
Completion Date:
5/14/1999
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 29.9

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 253.3 253.3
Price / Tangible Book (%) 253.3 253.3
Price / Earnings (x) 22.9 22.9
Price / Deposits (%) 34.89 34.32
Price / Assets (%) NA NA
Tangible Book Premium/ Deposits (%) 22.75 22.50
Deal Terms
Description of Consideration

BOK Financial paid $29.9 million in cash to acquire all outstanding shares of Chaparral Bancshares. Seller's financials are for Canyon Creek National Bank.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 15,197
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 No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Frederic Dorwart Lawyers
Seller Yes Jenkens & Gilchrist PC