+++
(Dollars in millions)
part 1 of 3
Rank Buyer
1 Deutsche Bank, Frankfurt
2 Roslyn Bancorp, New York
3 BB&T Corp., Winston-Salem, N.C.
4 FirstMerit Corp., Akron, Ohio
5 Chittenden Corp., Burlington, Vt.
6 Peoples Heritage Financial Group, Portland, Me.
7 Sovereign Bancorp, Wyomissing, Pa.
8 Republic Bancorp, Owoso, Mich.
9 Wells Fargo & Co., San Francisco
10 BancWest Corp., Honolulu
11 M & T Bank Corp., Buffalo
12 Anchor BanCorp Wisconsin, Madison
13 Richmond County Financial Corp., New York
14 Temple-Inland Financial, Diboll, Tex.
15 First Financial Bancorp, Hamilton, Ohio
16 Fifth Third Bancorp, Cincinnati
17 Dime Bancorp, New York
18 FBOP Corp., Oak Park, Ill.
19 Centura Banks, Rocky Mount, N.C.
20 Valley National Bancorp, Wayne, N.J.
21 National Penn Bancshares, Boyertown, Pa.
22 United National Bancorp, Bridgewater, N.J.
23 Old National Bancorp, Evansville, Ind.
24 Fifth Third Bancorp, Cincinnati
25 Commercial Federal Corp., Omaha
Totals for the top 25 completed deals
Totals for all 181 completed deals
part 2 of 4
Top 25 Bank and Thrift Mergers Closed in the First Half
(Dollars in millions) Value of
transaction
RSeller at close
1 Bankers Trust Corp., New York $9,378.70
2 TR Financial Corp., Garden City, N.Y. (t 663.9
3 MainStreet Financial Corp., Martinsville 661.1
4 Signal Corp., Wooster, Ohio 424.6
5 Vermont Financial Services, Brattleboro 410.1
6 SIS Bancorp, Springfield, Mass. (t) 343.3
7 Peoples Bancorp, Lawrenceville, N.J. (t) 322
8 D&N Financial Corp., Hancock, Mich. (t) 225.3
9 Hemisphere Financial, Brownsville, Tex. 174
10 SierraWest Bancorp, Truckee, Calif. 168.1
11 FNB Rochester Corp., Rochester, N.Y. 146.4
12 FCB Financial Corp., Neenah, Wis. (t) 142.4
13 Bayonne Bancshares, N.J. (t) 136.8
14 HF Bancorp, Hemet, Calif. (t) 122.2
15 Sand Ridge Financial Corp., Highland, In 121.5
16 Enterprise Federal Bancorp, West Chester 120.9
17 Lakeview Financial Corp., Paterson, N.J. 111.3
18 Calumet Bancorp, Dolton, Ill. (t) 110.5
19 First Coastal Bankshares, Virginia Beach 109.9
20 Ramapo Financial Corp., Wayne, N.J. 108
21 Elverson National Bank, Pa. 105.2
22 Raritan Bancorp, N.J. (t) 95
23 Southern Bancshares, Carbondale, Ill. 94.4
24 Ashland Bankshares, Ashland, Ky. 84.5
25 Midland First Financial Corp., Lee's Sum 83
Total $14,463.10
Total $17,642.90
part 3 of 4
Top 25 Bank and Thrift Mergers Closed in the First Half
(Price pePrice toPrice to
share at book latest 1CompleteAccounting
R close value (xnet inco date type
1 $93.00 1.96 N/M 4-Jun Purchase
2 34.85 2.31 14.78 Feb. 16 Pooling
3 46.32 3.74 35.12 Mar. 5 Pooling
4 33 2.59 32.09 Feb. 12 Pooling
5 31.16 1.87 20.94 28-May Pooling
6 45 2.32 23.98 Jan. 1 Pooling
7 9.7 1.01 20.98 30-Jun Purchase
8 22.75 1.82 13.88 17-May Pooling
9 1740 2.34 25.09 Feb. 26 Pooling
10 30.44 2.06 20.57 30-Jun Pooling
11 34.19 3.36 26.54 1-Jun Purchase
12 36.14 1.81 20.24 8-Jun Pooling
13 15.88 1.61 26.37 Mar. 22 Purchase
14 18.5 1.38 N/M 30-Jun Purchase
15 2024.69 2.73 22.3 1-Jun Pooling
16 50.49 2.88 45.81 14-May Pooling
17 21.21 2.09 21.21 21-May Purchase
18 32 1.15 17.12 Apr. 30 Purchase
19 20.95 2.28 24.03 Mar. 26 Pooling
20 12.22 2.93 23.99 11-Jun Pooling
21 40.02 3.68 42.77 Jan. 4 Pooling
22 36.78 2.7 21.56 Mar. 31 Pooling
23 150.69 3.54 36.79 29-Jan Pooling
24 673.06 3.32 28.17 Apr. 16 Pooling
25 292 2.95 16.12 Mar. 1 Purchase
Total 2.42 25.24
Total 2.21 23.94
part 4 of 4
Top 25 Bank and Thrift Mergers Closed in the First Half
(Dollars in millions) Value of
Buyer's Seller's Announcedtransact Target
R assets assets date at anncmhead count
1 NA $156,267 Nov. 30 $9,341 20,541
2 3,552 4,006 26-May-981,080.70 337
3 31,544 2,042 Aug. 27 539.8 598
4 6,179 1,912 Aug. 10 481.9 635
5 2,049 2,110 Dec. 16 453.9 539
6 9,768 1,842 20-Jul 437.1 622
7 18,847 873 Sept. 8, 388.7 151
8 2,071 1,998 Dec. 1 293.4 529
9 96,094 833 3-Jun-98 174 407
10 15,050 879 Feb. 25 199.7 234
11 19,478 568 Dec. 9 128.6 197
12 2,123 526 Jan. 5 174.4 145
13 1,383 700 20-Jul 186.9 86
14 10,943 1,060 Nov. 16 121.4 268
15 2,810 521 Dec. 16 140.7 186
16 28,293 407 Sept. 25 103.9 36
17 21,243 573 Dec. 16 117.5 72
18 3,269 492 Sept. 9 110.5 135
19 7,805 578 Oct. 28 124.7 195
20 5,043 328 Dec. 18 107.5 115
21 1,700 302 22-Jul 104.5 117
22 1,381 435 Sept. 22 99.2 70
23 5,763 252 27-May-98 82.6 121
24 28,293 165 Sep. 8 63.4 77
25 8,853 397 Aug. 14 83 98
T $333,534 $180,066 $15,139 26,511
T $1,715,046 $196,207 $18,352 33,021
Source: Sheshunoff Information Services, a Thomson Financial
Deposit premium of seller = deal price per share less book value
Price premium of seller = deal price per share increase over the