Top Bidders for Failed Banks

Several banks have thrived on failed-bank acquisitions since the financial crisis. Here are the most active shoppers, in terms of the number of failures they have bid on, based on data from SNL Financial.

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Bank of the Ozarks (OZRK) Bank of the Ozarks (OZRK)

The Arkansas company, led by George Gleason, is easily the industry’s most-aggressive failed-bank acquirer, having bid on 63 banks since January 2009. It snagged just seven of those banks.

Home BancShares (HOMB) Home BancShares (HOMB)

Home, also from Arkansas, has bid on 36 banks through its Centennial Bank. Under the direction of Johnny Allison, Home has won seven bids, though the total includes two banks once owned by the same company.

Wintrust Financial (WTFC) Wintrust Financial (WTFC)

Talk about versatility. The Chicago-area company, led by Ed Wehmer, has used 12 different banks to bid on 21 failures. Wintrust has been successful nine times.

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Iberiabank (IBKC) Iberiabank (IBKC)

Led by Daryl Byrd, this Louisiana company has bought four failed banks. Byrd must be a disciplined shopper because Iberiabank has fallen short in 17 other failed-bank auctions.

Great Southern Bancorp (GSBC) Great Southern Bancorp (GSBC) The Missouri company has reeled in four failures, or a fifth of the 20 institutions it has bid on.

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Stearns Financial Services Stearns Financial Services The Minnesota company has a strong record of taking advantage of the Federal Deposit Insurance Corp.'s sales, collecting eight of the 19 failed banks it has bid on.

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Ameris Bancorp (ABCB) Ameris Bancorp (ABCB) It helps to be a relatively healthy bank with cash available in Georgia, which leads the nation in postcrisis failures. Ameris has bought 10 failed banks, while bidding on 19.

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U.S. Bancorp (USB) U.S. Bancorp (USB) This one should bear an asterisk. Of the Minnesota company’s 12 failed-bank deals, nine involved banks that belonged to FBOP. U.S. Bancorp, led by Richard Davis, later sold some of those banks. Overall, the company has bid on 17 banks.

(Image: Bloomberg News)

First Citizens BancShares (FCNCA) First Citizens BancShares (FCNCA) Management must rack up frequent flier miles assessing failed-bank deals. Many of its acquisitions are in markets far from its North Carolina home. So far, the company has snagged six of the 17 failures it has bid on.

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Central Bancshares Central Bancshares The Minnesota company has rolled up six failed banks in the past six years. It has waved its auction paddle 17 times since early 2009.

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MB Financial (MBFI) MB Financial (MBFI)

The Illinois bank, led my Mitch Feiger, eagerly pursued failures — winning six of its 16 bids — before agreeing last year to buy an open bank, Taylor Capital (TAYC).

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State Bank Financial (STBZ) State Bank Financial (STBZ)

Talk about effective bidding. The Atlanta company, led by Joseph Evans, has won 12 of the 14 failed bank auctions it has acted on, for an 86% success rate.

Several banks have thrived on failed-bank acquisitions since the financial crisis. Here are the most active shoppers, in terms of the number of failures they have bid on, based on data from SNL Financial.

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