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Deal Overview

Buyer:
Community Bankers Acquisition Corp.
Actual Acquirer:
Community Bankers Acquisition Corp.
Target:
TransCommunity Financial Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
9/5/2007
Announcement Date:
9/5/2007
Announced Deal Value ($ M):
48.73
Status:
Completed
Completion Date:
5/31/2008
Announced Deal Value Per Share ($ )
10.54

Consideration Breakout
Common Stock ($M) 48.7
Common Stock Issued 6,544,840

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 160.9 147.8
Price / Tangible Book (%) 160.9 147.8
Price / Earnings (x) NM 17.9
Price / Deposits (%) 26.51 22.37
Price / Assets (%) 22.82 19.45
Tangible Book Premium/ Deposits (%) 14.88 11.16
Deal Terms
Description of Consideration

Community Bankers Acquisition Corp. issued 1.42 shares for each outstanding share of TransCommunity Financial Corp. common stock. Consideration per share was subject to adj. based on Community Bankers closing price. TransCommunity Financial Corp. also paid a special dividend to its shareholders prior to closing of approx. $0.25 per share.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 19,986
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) 400
Maximum Termination Fee ($ 000) 1,700
Minimum Termination Fee ($ 000) 0
Exchange Ratio (Common For Common) 1.420000
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) 5,309
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Keefe Bruyette & Woods Inc.
Seller Yes Sandler O'Neill & Partners LP
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Nelson Mullins Riley
Seller Yes Williams Mullen
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