Civista Bancshares, Inc. · NASDAQ:CIVB
Civista Bancshares — Merger or Acquisition (October 2022)
10 slides from Civista Bancshares's merger presentation, Oct 3, 2022
Slide 1: Civista Bancshares, Inc. to Acquire Vision Financial Group, Inc.
Civista Bancshares, Inc. to Acquire Vision Financial Group, Inc. October 3, 2022 NASDAQ: CIVB 28, 22, 102 60, 77, 158 240, 137, 33 250, 175, 64 Exhibit 99.1
Slide 2: Forward Looking Statements
Forward Looking Statements Forward-Looking Statements. This presentation may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements express management’s current expectations, estimates or projections of fu
Slide 3: Transaction Rationale
Strong Strategic Fit Adds a highly-regarded full-service equipment finance provider with over 30+ years of providing reliable, creative financing solutions for its business customers Addresses Civista’s strategic goal of building diversified revenue streams, further enhancing shareholder value Signi
Slide 4: Vision Financial Group, Inc. Overview
Key Principles Integrity – Always doing what you say you will do Responsiveness – Out-respond the competition Competitiveness – Always be competitive Company Highlights Originations and Portfolio Balance1 Vision Financial Group, Inc. Overview Originations CAGR: 7.5% Name: Vision Financial Group, Inc
Slide 5: Market and Industry Overview
~$990 Billion is financed through loans, leases and other channels ~$921 Billion is financed for equipment costs less than $5M ~$1.9 Trillion total annual investment in equipment ELFA Website Equipment Finance in 2020: Special COVID-19 Impact Issue; financing volume of ~921 billion to be ~93% of the
Slide 6: Overview of Credit Culture
Overview of Credit Culture 1.Based on average Cumulative Net Losses on 2008-2020 annual origination vintages as of 12/31/2021 2.Earning assets includes Operating Leases, net, Financing Leases, and Notes (Loans) Receivable Vision gets to know its customers and their businesses intimately in order to
Slide 7: Portfolio Overview
Originations Segmentation Loan Type2 Industry3 28, 22, 102 60, 77, 158 240, 137, 33 250, 175, 64 Balance Sheet Segmentation1 Portfolio Overview Weighted Average Implicit Yields1,2 Company documents; balance sheet as of 8/31/2022 Company documents; YTD originations through 8/31/2022 Company documents
Slide 8: Transaction Consideration
Transaction Consideration $33,850,000 in aggregate initial consideration $28,600,000 in cash consideration and $5,250,000 in stock consideration Approximately 251,000 shares of Civista common stock issued at closing1 Additional earn-out consideration of up to $5,250,000 may be payable based on Visio
Slide 9: Contact Information
Civista Bancshares, Inc.’s common shares are traded on the NASDAQ Capital Market under the symbol “CIVB.” Additional information can be found at: www.civb.com Dennis G Shaffer Chief Executive Officer & President dgshaffer@civb.com Telephone: 888.645.4121 Contact Information
Slide 10: Thank You
Thank You
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