Top Acquisitions of Nonbanking Entities Announced in February

+++ In chronological order

part 1 of 3

Rank Buyer Name

1 First Security Corporation, Utah

2 Southern National Corp., N.C.

3 TCF Financial Corporation, Minn.

4 Horton Insurance Agency, Ill.

5 Bank of New York, N.Y.

6 ChaseMellon Shareholder Services, N.Y.

7 Habersham Bancorp, Ga.

part 2 of 3

Announcement Transaction

Rank Seller Name Date Status

1 Harbourton Financial Services, Col 2/3/97 Pending

2 Phillips Factors Corporation, N.C. 2/4/97 Pending

3 Winthrop Resources Corp., Minn. 2/14/97 Pending

4 Standard Federal Bank, Ill. 2/18/97 Pending

5 Nationsbank Corporation, N.C. 2/26/97 Pending

6 Nationsbank Corporation, N.C. 2/26/97 Pending

7 Cornelia Insurance Agency, Ga. 2/28/97 Pending

part 3 of 3

Types of Total Assets Total

Assets or Servives So Purchase

Rank Transferred ($ Millions) Price ($ Millions)

1 Loan Production Operation N/A 7,250

2 Specialty Financing N/A N/A

3 Equipment Leasing 320,000 326,000

4 Insurance Operations N/A N/A

5 Trust Services N/A N/A

6 Stock Transfer Business N/A N/A

7 Insurance Operations N/A N/A ===

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER