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Need Loan Growth? Buy a Bank

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First Community First Community Loan Growth: 30%

Total Loans: $1.8B

Its story: First Community Bancshares (FCBC) in Bluefield, Va., raised $19 million for deals last year, bulked up in Richmond by buying Peoples Bank in May and bought the failed Waccamaw Bank in Whiteville, N.C., in June. (Image: Thinkstock)
ViewPoint ViewPoint Loan Growth: 27%

Total Loans: $2.5 billion

Its story: ViewPoint Financial Group (VPFG) in Plano, Texas, bought Highlands Bancshares for $71 million in April, acquired CEO Kevin Hanigan in the deal and has agreed to sell its mortgage subsidiary -- all part of its conversion to a commercial bank from a thrift.
Capital One Capital One Loan Growth: 17%

Total Loans: $204 billion

Its story: Capital One Financial (COF) Chief Executive Richard Fairbank pulled off two of the biggest deals of recent years in buying ING Direct USA in February and HSBC's cards business in May, though he took heat from community activists and small bankers.
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First Financial Holdings First Financial Holdings Loan Growth: 12%

Total Loans: $2.7 billion

Its story: First Financial Holdings (FFCH) in Charleston, S.C., in April acquired the failed Plantation Federal Bank in Pawleys Island, S.C., and five branches in Hilton Head, S.C., from Liberty Savings Bank. The purchases added nearly $300 million of loans. (Image: Shutterstock)
First Niagara Financial Group First Niagara Financial Group Loan Growth: 12%

Total Loans: $19 billion

Its story: First Niagara Financial Group's (FNFG) $1 billion branch deal with HSBC had to be restructured, involved divestitures mandated by the Justice Department and hurt Chief Executive John Koelmel's standing on Wall Street, but the Buffalo, N.Y., company in May gained 131 branches in upstate New York and Connecticut. (Image: Bloomberg News)
EverBank EverBank Loan growth: 11%

Total loans: $11 billion

Its story: EverBank Financial (EVER) Chairman and Chief Executive Robert Clements has been on a roller-coaster ride this year. The Jacksonville, Fla., bank bought the warehouse mortgage unit of MetLife in April, held an initial public offering that fell short of expectations and announced last month a $2.5 billion deal for GE Capital's business lending arm.
Berkshire Hills Bancorp Berkshire Hills Bancorp Loan growth: 11%

Total loans: $3.4 billion

Its story: Berkshire Hills Bancorp (BHLB) in Pittsfield, Mass., this spring bought Connecticut Bank and Trust in Hartford for $30 million and Greenpark Mortgage in Needham, Mass. It announced a $132 million deal in June for Beacon Federal Bancorp (BFED) of East Syracuse, N.Y. (Image: Shutterstock)
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Meridian Interstate Meridian Interstate Loan growth: 10%

Total Loans: $1.6 billion

Its story: Meridian Interstate (EBSB) in Boston, the parent of East Boston Savings Bank, is the exception to the rule - it sold its 43% interest in Hampshire First Bank to NBT Bancorp and says it benefited from a year-old effort to make more real estate and business loans and increase core funding. (Image: Shutterstock)
SVB Financial SVB Financial Loan growth: 9%

Total Loans: $7.8 billion

Its story: SVB Financial (SIVB) did not buy a bank, but the Santa Clara company led by Greg Becker benefited from different kinds of deals: software buyouts and capital calls from venture capital and private-equity clients. It opened a London branch in June as part of a plan to do more business in Europe.
NBT NBT Loan growth: 9%

Total Loans: $4.2 billion

Its story: NBT Bancorp (NBT) added $217 million in loans from its acquisition of Hampshire First Bank in June. The Norwich, N.Y., bank also reported "strong" commercial and consumer loan increases in upstate New York and Vermont. (Image: Shutterstock)

Eight of KBW's top 10 banks for 2Q loan growth boosted their results with acquisitions. Learn who the leaders were, how much they expanded lending and who they bought in this American Banker slideshow.FOOTNOTE: Loan growth measured from March 31 to June 30Related Articles: Total Loans Increase for Fifth Straight QuarterSmall Virginia Deal Provides a Roadmap for Many Buyers and SellersA Quick View on the ViewPoint Deal

 

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