Mergers & Acquisitions

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Deal Overview

Buyer:
MVB Financial Corp.
Actual Acquirer:
MVB Bank, Inc.
Target:
Certain assets and liabilities of CFG Community Bank
Deal Type:
Bank & Thrift Company
Agreement Date:
10/23/2013
Announcement Date:
10/23/2013
Announced Deal Value ($ M):
30.00
Status:
Terminated
Completion Date:
10/31/2014
Announced Deal Value Per Share ($ )
NA

Deal Terms
Description of Consideration

MVB Financial Corp. would have paid $26 million in cash and $4 million in common stock, subject to certain adjustments to acquire CFG Community Bank from Capital Funding Bancorp LLC.

Accounting Method Acquisition
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) 46
Maximum Termination Fee ($ 000) NA
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 Yes Ambassador Financial Group Inc
Seller Yes CFG Capital Markets LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Squire Patton Boggs
Seller Yes Venable LLP
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