Deal values, assets, and deposits are as of the Announcement Date. Deals announced from 1996 to present.

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Deal Overview

Buyer:
Community Bank System, Inc.
Actual Acquirer:
Community Bank System, Inc.
Target:
Peoples Bankcorp, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
5/6/2003
Announcement Date:
5/6/2003
Announced Deal Value ($ M):
4.19
Status:
Completed
Completion Date:
9/5/2003
Announced Deal Value Per Share ($ )
30.00

Consideration Breakout
Cash ($M) 4.2

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 124.0 127.4
Price / Tangible Book (%) 124.0 127.4
Price / Earnings (x) NM NM
Price / Deposits (%) 17.14 17.10
Price / Assets (%) 14.55 14.51
Tangible Book Premium/ Deposits (%) 4.64 5.03
Deal Terms
Description of Consideration

Community Bank paid $30.00 in cash for each outstanding share of Peoples Bankcorp.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 160
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 No NA
Seller Yes Feldman Finl Advisors Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Bond Schoeneck & King PLLC
Seller Yes Stradley Ronon Stevens & Young
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