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Big Mac Bancshares seeking to buy all voting shares of Kan. peer

intends tobuy all voting shares of Morland, Kan.-based FinancialShares Inc. and thereby indirectly acquire its unit ($36.5 million), accordingto a notice posted in the Federal Register on Sept. 26.

The deal value was not disclosed, but SNL calculates that offersfor bank and thrift targets in the Midwest between Sept. 21, 2015, and Sept. 21,2016, averaged 130.98% of book, 134.51% of tangible book and had a median of 18.24xlast-12-month earnings, on an aggregate basis.

Per SNLdata, Hoxie, Kan.-based Big Mac Bancshares is the parent of Manhattan, Kan.-basedPeoples State Bank ($57.1million) and McDonald, Kan.-based PeoplesState Bank ($124.4 million).If the deal closes,Big Mac Bancshares will enter Graham County, Kan., with two branches, to be rankedthird with a 18.08% share of approximately $109.41 million in total market deposits.It will also enter Trego County, Kan., with one branch, to be ranked third witha 12.33% share of approximately $97.98 million in total market deposits.

To use S&PGlobal Market Intelligence's branch analytics tools to compare market overlap, clickhere. To createcustom maps, click here.