Top Bank and Thrift Acquisitions Announced in 1997, by Region

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part 1 of 3

Rank Buyer Seller

Northeast

1 First Union Corp. CoreStates Financial Corp.

2 First Maryland Bancorp Dauphin Deposit Corp.

3 First Empire State Corp. ONBANCorp

4 Summit Bancorp Collective Bancorp

5 North Fork Bancorp. New York Bancorp

6 Peoples Heritage Financial Group CFX Corp.

7 Charter One Financial RCSB Financial

8 Sovereign Bancorp ML Bancorp

9 Webster Financial Corp. Eagle Financial Corp.

10 Astoria Financial Corp. Greater New York Savings Bank

Southeast

1 NationsBank Corp. Barnett Banks

2 First Union Corp. Signet Banking Corp.

3 First American Corp. Deposit Guaranty Corp.

4 Wachovia Corp. Central Fidelity Banks

5 Star Banc Corp. Great Financial Corp.

6 Wachovia Corp. Jefferson Bankshares

7 Mellon Bank Corp. United Bankshares

8 Union Planters Corp. Peoples First Corp.

9 Union Planters Corp. Capital Bancorp

10 CCB Financial Corp. American Federal Bank FSB

Midwest

1 National City Corp. First of America Bank Corp.

2 Associated Banc-Corp.* First Financial Corp.*

3 Marshall & Ilsley Corp. Security Capital Corp.

4 Huntington Bancshares First Michigan Bank Corp.

5 CNB Bancshares Pinnacle Financial Services

6 TCF Financial Corp. Standard Financial

7 Marshall & Ilsley Corp. Advantage Bancorp

8 FirstMerit Corp. CoBancorp

9 WesBanco Commercial Bancshares

10 Citizens Banking Corp. CB Financial Corp.

North Central

1 F & M Bancorp. BancSecurity Corp.

2 Commercial Federal Corp. Liberty Financial Corp

3 Norwest Corp. International Bancorp.

4 Commercial Federal Corp. Mid Continent Bancshares

5 U.S. Bancorp Zappco

6 Union Planters Corp. Sho-Me Financial Corp

7 Commercial Federal Corp. Perpetual Midwest Financial

8 Union Planters Corp. Capital Savings Bancorp

9 Commerce Bancshares Shawnee Bank Shares

10 Norwest Corp. Packers Management Co.

Southwest

1 Banc One Corp. First Commerce Corp.

2 Hibernia Corp. ArgentBank

3 Investor Group Local Financial Corp.

4 Mercantile Bancorp Horizon Bancorp

5 First Security Corp. Rio Grande Bancshares

6 Norwest Corp. First Valley Bank Group

7 Compass Bancshares Fidelity Resources Co.

8 Hibernia Corp. Firstshares of Texas

9 Regions Financial Corp New Iberia Bancorp

10 First United Bancshares Fredonia Bancshares

West

1 First Bank System U.S. Bancorp

2 Washington Mutual Great Western Financial Corp

3 H.F. Ahmanson & Co. Coast Savings Financial

4 Bay View Capital Corp. America First Eureka Holding

5 Golden State Bancorp CENFED Financial Corp

6 Western Bancorp Santa Monica Bank

7 Pacific Century Financial Corp. CU Bancorp

8 Zions Bancorp. Vectra Banking Corp.

9 Zions Bancorp. GB Bancorp.

10 Golden State Bancorp RedFed Bancorp

part 2 of 3

Price toBuyer's Seller's

Price Price to latest 1total astotal assets

Rank Buyer Completed $0 equity (income $0

Northeast

1 First U Pending ########## 5.39 21.19 ##########

2 First M 8-Jul 1,380,624 2.38 19.22 10,836,573

3 First E Pending 880,399 2.65 17.42 13,675,133

4 Summit 1-Aug 873,579 2.42 18.02 22,388,229

5 North F Pending 833,856 4.75 13.28 6,613,754

6 Peoples Pending 710,070 2.82 27.04 6,056,083

7 Charter 3-Oct 647,500 1.98 15.79 14,040,397

8 Soverei Pending 399,788 2.26 22.66 10,898,572

9 Webster Pending 370,645 1.91 N/M 6,811,014

10 Astoria 30-Sep 344,598 1.65 18.6 7,266,185

Southeast

1 Nations 9-Jan-98 15,567,729 4.05 24.74 240,362,000

2 First U 28-Nov 3,324,550 3.46 34.31 142,942,000

3 First A Pending 2,697,035 2.94 18.67 6,839,432

4 Wachovi 15-Dec 2,303,263 2.72 19.4 47,491,149

5 Star Ba Pending 656,868 2.16 27.79 10,754,595

6 Wachovi 31-Oct 545,557 2.62 19.2 47,491,149

7 Mellon Pending 400,000 3.95 24.51 43,465,000

8 Union P Pending 372,025 2.35 19.76 14,770,346

9 Union P 31-Dec 359,162 2.23 14.8 14,770,346

10 CCB Fin 31-Jul 348,357 2.93 23.39 5,157,844

Midwest

1 Nationa Pending 7,118,507 3.84 22.12 52,671,386

2 Associa 29-Oct 1,092,481 2.84 20.14 4,419,079

3 Marshal 1-Oct 915,200 1.49 24.94 14,444,337

4 Hunting 30-Sep 893,202 3.14 20.22 20,851,513

5 CNB Ban Pending 585,300 3.9 N/M 4,416,571

6 TCF Fin 4-Sep 421,618 1.53 N/M 7,114,466

7 Marshal Pending 215,053 2.84 60.33 15,414,664

8 FirstMe Pending 157,306 2.77 21.92 5,237,843

9 WesBanc Pending 135,768 3.19 N/M 1,735,597

10 Citizen 1-Jul 131,991 1.68 20.3 3,483,850

North Central

1 F & M B Pending 145,000 2.62 20.54 1,613,721

2 Commerc Pending 108,600 2.64 10.05 7,128,865

3 Norwest 21-Oct 83,070 2.28 15.78 80,175,400

4 Commerc Pending 79,288 2.14 20.99 7,128,865

5 U.S. Ba 12-Dec 68,000 2.3 19.36 37,729,000

6 Union P 31-Dec 62,661 2.31 23.97 14,932,464

7 Commerc Pending 60,513 1.67 38.04 7,207,143

8 Union P Pending 46,580 2.26 27.57 14,858,688

9 Commerc 1-May 43,647 1.84 14.98 9,734,270

10 Norwest Pending 30,325 1.75 25.04 80,175,400

Southwest

1 Banc On Pending 3,050,233 3.61 23.53 115,000,000

2 Hiberni Pending 190,670 2.71 24.5 9,381,836

3 Investo 10-Sep 177,000 1.73 N/M N/A

4 Mercant Pending 120,381 2.69 20.51 22,579,609

5 First S Pending 87,725 1.88 21.78 15,671,546

6 Norwest Pending 71,113 2.36 16.6 80,175,400

7 Compass Pending 69,638 2.95 16.72 12,912,549

8 Hiberni Pending 66,400 2.81 20.63 9,673,268

9 Regions 31-May 63,408 2.4 17.64 19,112,287

10 First U 2-Sep 62,589 2.68 15.12 1,520,421

West

1 First B 1-Aug 9,030,289 3.28 18.56 36,843,000

2 Washing 1-Jul 7,006,734 2.49 N/M 22,413,697

3 H.F. Ah Pending 909,033 1.92 46.64 47,532,068

4 Bay Vie 2-Jan 300,000 1.72 8.93 3,300,262

5 Golden Pending 208,402 1.65 17.41 15,393,708

6 Western Pending 198,214 2.72 20.61 494,042

7 Pacific 3-Jul 182,434 2.02 N/M 13,780,473

8 Zions BJan 6 1998 173,900 4.24 25.46 8,049,952

9 Zions B 14-Nov 173,840 3.14 19.94 7,240,612

10 Golden Pending 158,017 1.91 16.71 16,432,304

part 3 of 3

Rank Buyer $0

Northeast

1 First Union Corp. ##########

2 First Maryland Bancorp 5,948,788

3 First Empire State Corp. 5,532,030

4 Summit Bancorp 5,395,796

5 North Fork Bancorp. 3,283,653

6 Peoples Heritage Financial G 1,859,030

7 Charter One Financial 4,032,400

8 Sovereign Bancorp 2,070,198

9 Webster Financial Corp. 2,010,744

10 Astoria Financial Corp. 2,566,626

Southeast

1 NationsBank Corp. 44,005,071

2 First Union Corp. 11,852,901

3 First American Corp. 10,561,982

4 Wachovia Corp. 10,569,656

5 Star Banc Corp. 3,046,227

6 Wachovia Corp. 2,148,713

7 Mellon Bank Corp. 809,128

8 Union Planters Corp. 1,467,150

9 Union Planters Corp. 1,913,605

10 CCB Financial Corp. 1,318,600

Midwest

1 National City Corp. 21,690,761

2 Associated Banc-Corp.* 5,815,663

3 Marshall & Ilsley Corp. 3,673,364

4 Huntington Bancshares 3,564,343

5 CNB Bancshares 1,091,553

6 TCF Financial Corp. 2,339,731

7 Marshall & Ilsley Corp. 1,014,027

8 FirstMerit Corp. 654,365

9 WesBanco 417,892

10 Citizens Banking Corp. 826,234

North Central

1 F & M Bancorp. 537,061

2 Commercial Federal Corp. 621,468

3 Norwest Corp. 501,183

4 Commercial Federal Corp. 411,065

5 U.S. Bancorp 346,241

6 Union Planters Corp. 301,020

7 Commercial Federal Corp. 401,665

8 Union Planters Corp. 241,283

9 Commerce Bancshares 203,346

10 Norwest Corp. 166,099

Southwest

1 Banc One Corp. 9,333,586

2 Hibernia Corp. 640,128

3 Investor Group 1,013,066

4 Mercantile Bancorp 550,673

5 First Security Corp. 405,510

6 Norwest Corp. 449,038

7 Compass Bancshares 310,780

8 Hibernia Corp. 291,492

9 Regions Financial Corp 299,423

10 First United Bancshares 242,337

West

1 First Bank System 33,420,511

2 Washington Mutual 43,548,593

3 H.F. Ahmanson & Co. 9,102,743

4 Bay View Capital Corp. 2,174,120

5 Golden State Bancorp 2,295,523

6 Western Bancorp 631,561

7 Pacific Century Financial Co 835,326

8 Zions Bancorp. 597,702

9 Zions Bancorp. 716,210

10 Golden State Bancorp 967,309

Source: Sheshunoff Information Services, Austin, Tex. * Merger of Equals Transaction N/A = Not available N/M = Not meaningful Northeast includes Maine, Massachussets, Vermont, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, and Pennsylvania. Southeast includes Maryland, Delaware, District of Columbia, Virginia, North Carolina, South Carolina, Georgia, Florida, Puerto Rico, Kentucky, Tennessee, Alabama and Mississippi. Midwest includes Michigan, Ohio, Indiana, Illinois, Wisconsin and West Virginia. North Central includes Minnesota, Iowa, North Dakota, South Dakota, Nebraska, Kansas, and Missouri. Southwest includes Louisiana, Arkansas, Texas, Oklahoma, and New Mexico. West includes Alaska, Hawaii, California, Arizona, Nevada, Idaho, Utah, Colorado, Wyoming, Montana, Oregon, and Washington. American Banker 1998 ===

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