Mergers & Acquisitions

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Deal Overview

BOK Financial Corporation
Actual Acquirer:
BOK Financial Corporation
MBT Bancshares, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
Announcement Date:
Announced Deal Value ($ M):
Completion Date:
Announced Deal Value Per Share ($ )

Consideration Breakout
Cash ($M) 102.5

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 347.19 308.66
Price / Tangible Book (%) 347.19 308.66
Price / Earnings (x) 26.16 21.59
Price / Deposits (%) 18.92 17.40
Price / Assets (%) 17.54 16.12
Tangible Book Premium/ Deposits (%) 14.20 12.28
Deal Terms
Description of Consideration

BOK Financial Corp. paid $11,439.73 per share in cash for each outstanding share of MBT Bancshares Inc. BOK Financial Corp. also assumed certain debt of MBT Bancshares Inc. Target financials are for Missouri Bank and Trust Co. of Kansas City.

Accounting Method Acquisition
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 65,634
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) 8,000
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) 8,510
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Capital Corporation LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Frederic Dorwart Lawyers
Seller NA NA