U.s. Bancorp · NYSE:USB
U.s. Bancorp — Merger or Acquisition (January 2011)
7 slides from U.s. Bancorp's merger presentation, Jan 31, 2011
Slide 1: U.S. Bank Acquires First Community Bank (New Mexico)
U.S. Bank Acquires First Community Bank (New Mexico) January 28, 2011
Slide 2: Forward-looking Statements and Additional Information
2 Forward-looking Statements and Additional Information The following information appears in accordance with the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements about U.S. Bancorp. Statements that are not historical or current facts, including
Slide 3: Transaction Overview
Transaction Overview Transaction: Terms: Approvals: Status: FDIC assisted whole bank purchase and assumption transaction U.S. Bank received substantially all assets and liabilities of First Community Bank, a subsidiary of First State Bancorporation of Albuquerque, New Mexico No holding company asset
Slide 4: First Community Bank Overview
Transaction Overview First Community Bank operates 38 branches in NM (35) and AZ (3) Provides USB with the #3 market share ranking in New Mexico Complementary footprint Adds 25th contiguous state to USB footprint Loan portfolio 51% CRE, 25% construction, 10% 1-4 family, 13% C&I, 1% other Deposits 55
Slide 5: Summary
Transaction Summary Low risk transaction Attractive entry into New Mexico #3 market share Expands USB footprint to 25th contiguous state Expect to increase presence in state through future de novo branch expansion Financially attractive for USB shareholders Significantly exceeds all internal financi
Slide 6: U.S. Bancorp U.S. Bank
U.S. Bancorp U.S. Bank First Community Bank
Slide 7: U.S. Bank Acquires First Community Bank (New Mexico)
U.S. Bank Acquires First Community Bank (New Mexico) January 28, 2011
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