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Top 10 bank and thrift mergers completed in the third quarter (dollars
part 1 of 5
Buyer
1 NationsBank Corp., Charlotte, N.C.
2 Travelers Group Inc., New York (1)
3 Banc One Corp., Columbus, Ohio
4 Washington Mutual Inc., Seattle (2)
5 Regions Financial Corp., Birmingham, Ala.
6 Union Planters Corp., Memphis
7 California Federal Bank, San Francisco
8 Astoria Financial Corp., Lake Success, N.Y.
9 Star Banc Corp., Cincinnati
10 Mercantile Bancorp, St. Louis (2)
Totals and averages for the top 10 mergers in the third quarter
Totals and averages for all mergers in the third quarter
part 2 of 5
Financial Multiples and Deal Pricing
Top 10 bank and thrift mergers completed in the third quarter (dollars
Date Completion
Seller date
1 BankAmerica Corp., San Francisco Apr. 13
2 Citicorp, New York Apr. 6
3 First Chicago NBD Corp. Apr. 13
4 H.F. Ahmanson & Co., Irwindale, CMar. 17
5 First Commercial Corp., Little RoFeb. 9
6 Magna Group, Inc., St. Louis Feb. 22
7 Golden State Bancorp, Oakland, CaFeb. 5
8 Long Island Bancorp, Melville, N.Apr. 3
9 Trans Financial Inc., Bowling GreApr. 10
10 Firstbank of Illinois Co., SpringFeb. 2
part 3 of 5
Financial Multiples and Deal Pricing
Top 10 bank and thrift mergers completed in the third quarter (dollars
Date Completion
Seller date
1 BankAmerica Corp., San Francisco Apr. 13
2 Citicorp, New York Apr. 6
3 First Chicago NBD Corp. Apr. 13
4 H.F. Ahmanson & Co., Irwindale, CMar. 17
5 First Commercial Corp., Little RoFeb. 9
6 Magna Group, Inc., St. Louis Feb. 22
7 Golden State Bancorp, Oakland, CaFeb. 5
8 Long Island Bancorp, Melville, N.Apr. 3
9 Trans Financial Inc., Bowling GreApr. 10
10 Firstbank of Illinois Co., SpringFeb. 2
part 4 of 5
Financial Multiples and Deal Pricing
Top 10 bank and thrift mergers completed in the third quarter (dollars
Completed Announced
12 book
Sell($ millions) income (x)
1 BankAmeri Sept. 30 $42,215.10 $62,029.20
2 Citicorp, Sept. 30 38,197.70 74,313.40
3 First Chi Sept. 30 19,092.20 29,807.50
4 H.F. Ahma Sept. 30 6,320.30 9,894.40
5 First Com July 31 2,628.90 2,715.40
6 Magna Gro July 1 2,117.00 2,250.00
7 Golden St Sept. 11 1,800.00 2,700.00
8 Long Isla Sept. 30 1,232.20 1,764.00
9 Trans Fin Aug. 21 727.1 703.6
10 Firstbank July 1 710.8 681.9
$115,041.30 $186,859.40 18.47
$124,541.70 $197,098.60 21.12
part 5 of 5Financial Multiples and Deal Pricing
Top 10 bank and thrift mergers completed in the third quarter (dollars
Comp Announced
pr pric price to
book
Sell valu value (x)
1 BankAmeri 12.45 2.09 3
2 Citicorp, 10.12 1.74 3.34
3 First Chi 11.95 2.24 3.64
4 H.F. Ahma 13.09 1.69 3.67
5 First Com 25.32 4.13 4.1
6 Magna Gro 23.11 3.17 3.25
7 Golden St N/M N/M N/M
8 Long Isla 20.95 2.03 2.96
9 Trans Fin 26.42 4.13 4.17
10 Firstbank 22.78 2.89 2.84
2.68 3.44
2.37 2.56
Source: Sheshunoff Information Services Inc., Austin, Tex. (1) ROE,
