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Mergers & Acquisitions

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Deal Overview

Buyer:
Eagle Bancorp, Inc.
Actual Acquirer:
EagleBank
Target:
Alliance Bankshares Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
7/27/2011
Announcement Date:
7/27/2011
Announced Deal Value ($ M):
31.23
Status:
Terminated
Completion Date:
11/28/2011
Announced Deal Value Per Share ($ )
6.11

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 87.3 NA
Price / Tangible Book (%) 87.3 NA
Price / Earnings (x) 26.6 NA
Price / Deposits (%) 7.58 NA
Price / Assets (%) 5.83 NA
Tangible Book Premium/ Deposits (%) (1.82) NA
Deal Terms
Description of Consideration

Eagle Bancorp Inc. would have exchanged 0.4317 share of its common stock for each outstanding share of Alliance Bankshares Corp.

Accounting Method Acquisition
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Partial Overlap
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) 400
Maximum Termination Fee ($ 000) 1,350
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 Sandler O'Neill & Partners LP
Seller Yes Davenport & Co. LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Buckley Sandler LLP
Seller Yes Troutman Sanders LLP