Rochelle Bancorp, Inc.

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Deal Overview

Buyer:
Blackhawk Bancorp, Inc.
Actual Acquirer:
Blackhawk Bancorp, Inc.
Target:
Rochelle Bancorp, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
11/21/1996
Announcement Date:
11/21/1996
Announced Deal Value ($ M):
4.20
Status:
Completed
Completion Date:
5/2/1997
Announced Deal Value Per Share ($ )
7.52

Consideration Breakout
Cash ($M) 4.2

Deal Terms
Description of Consideration

Rochelle shareholders received $7.52 in cash for each share held. Seller's financials are for Rochelle Savings & Loan.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 1,456
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 200
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 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 Austin Associates LLC
Seller Yes RP Financial LC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Werner & Blank LLC
Seller Yes Kemp Grzelakowski Ltd.