1) Assume the product mixes of the two banks are comparable, what type of transaction is this? Why?

2) What are the cost savings implications of this kind of transaction vs. the other 2 types of transactions? Will it be higher/lower/does not matter?

3) In this type of deal, where do cost savings come from?

4) What is the BV / Share of the pro forma company? What is the change for the buyer? What does that mean?

5) What is the TBV / Share of the pro forma company? What is the change for the buyer? What does that mean?

6) As originally modeled, what is the resulting payback period for this deal?

7) Hypothetically, if the IRR of the deal is 15.5% and the WACC of the Buyer is 12%, should we accept this deal?

8) From a financial standpoint, only considering earnback period, what is the best structure for the deal? (25% stock/75% cash; 50% stock/50% cash; 75% stock/25% cash), and why?

9) Considering both strategic and financial reasons, would you recommend this deal and why?