Mergers & Acquisitions

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FIRSTMERIT CORPORATION (NASDAQ - FMER)  
M&A History<< Return to Mergers & Acquisitions
 Deal Overview
Buyer: FirstMerit Corporation
Actual Acquirer: Life Savings Bank, FSB
Target: NA
Seller: RTC
Deal Type: Government Assisted
Type of Govt Assisted Transaction: Purchase/ Assumption
Announcement Date3/11/1994
Date Placed in Conservatorship10/11/1991
Estimated Cost to Reg Agency ($000)9,210
Cost to Reg Agency/ Deposits (%)37.90
Cost to Reg Agency/ Assets (%)44.93
Assets Sold/ Assets (%)12.20
 Deal Summary
NA

 Deal Ratios
Franchise Premium/ Deposits (%) NA 
 Deal Terms
Description of Consideration
NA
Assets Sold in Resolution ($000)2,500
Deposits Transferred ($000)NA
Deposits Liquidated ($000)NA
Premium Paid ($000)2,300
 Deal Financials
Total Assets at Assumption ($000)20,500
Total Deposits at Assumption ($000)24,300
Core Deposits at Assumption ($000)21,000
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerNANA

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