+++
(Dollars in millions)
part 1 of 4
Rank Seller
1 Sovereign Bancorp, Wyomissing, Pa.
2 Union Planters Corp., Memphis
3 Union Planters Corp., Memphis
4 Star Banc Corp., Cincinnati
5 Golden State Bancorp Inc., Glendale Calif.
6 Sterling Financial Corp., Spokane, Wa.
7 BOK Financial Corp., Tulsa, Okla.
8 ISB Financial Corp., New Iberia, La.
9 Hibernia Corp., New Orleans
10 Compass Bancshares Inc., Birmingham, Ala.
11 First Western Bancorp Inc., New Castle, Pa.
12 Coastal Bancorp Inc., Houston
13 Hubco Inc., Mahwah, N.J.
14 Bangor Savings Bank, Me.
15 BankNorth Group Inc., Burlington, Vt.
16 Capital City Bank Group Inc., Tallahassee, Fla.
17 SunTrust Banks Inc., Atlanta
18 Republic Bancshares Inc., Tampa, Fla.
19 Northwest Bancorp, Warren, Pa.
20 Community Trust Bancorp, Pikeville, Ky.
21 Sun Bancorp Inc., Vineland, N.J.
22 First Essex Bancorp Inc., Lawrence, Mass.
23 Trans Financial Inc., Bowling Green, Ky.
24 Whitney Holding Corp., New Orleans
25 Indiana United Bancorp, Greensburg
part 2 of 4
Top 25 Branch Sales Announced Announced
(Dollars in millions) Dates
Rank Date
1 First Union Corp., Charlotte, N.C. Apr. 27
2 First Chicago NBD Corp. Sept. 8
3 California Federal Bank, San FranciscMar. 30
4 Bank One Corp., Columbus, Ohio Feb. 17
5 Wells Fargo & Co., San Francisco Nov. 2
6 KeyCorp, Cleveland Feb. 4
7 BankAmerica Corp., San Francisco 27-Jul
8 Bank One Corp., Columbus, Ohio 5-Jun
9 Chase Manhattan Corp., New York Dec. 1
10 Wells Fargo & Co., San Francisco Nov. 2
11 PNC Bank Corp., Pittsburgh Feb. 23
12 Pacific Southwest Bank, Corpus Christ 4-May
13 First Union Corp., Charlotte, N.C. Mar. 2
14 Fleet Financial Group Inc., Boston Apr. 3
15 BankBoston Corp. 1-Jul
16 First Union Corp., Charlotte, N.C. Aug. 27
17 First Union Corp., Charlotte, N.C. Oct. 7
18 Dime Bancorp, New York Apr. 16
19 National City Corp., Cleveland Aug. 14
20 PNC Bank Corp., Pittsburgh 27-May
21 Household International Inc., Chicago 20-Jul
22 Peoples Heritage Finl. Group, PortlanMar. 30
23 Bank One Corp., Columbus, Ohio Mar. 6
24 Bank One Corp., Columbus, Ohio 5-Jun
25 Bank One Corp., Columbus, Ohio Oct. 21
Totals and averages for the top 25 branch sale transactions
Totals and averages for all 152 branch sale transactions
Source: Sheshunoff Information Services Inc., Austin, Tex.
part 3 of 4
Top 25 Branch SaCompleted
(Dollars in millDate or No. of Total
Status Branches Deposit Premium
Rank sold Sold Deposits
1 First UnioSept. 4 95 $2,100.00 15.14%
2 First ChicPending 51 1,800.00 16.33
3 CaliforniaSept. 11 24 1,500.00 7.33
4 Bank One C 19-Jun 49 1,100.00 10.55
5 Wells FargPending 12 637 N/A
6 KeyCorp, C 15-Jun 33 518 11
7 BankAmeric Dec. 7 17 500 N/A
8 Bank One CSept. 11 17 478 6.45
9 Chase ManhPending 4 452 19.25
10 Wells FargPending 15 442 N/A
11 PNC Bank C 19-Jun 16 384 15.36
12 Pacific SoAug. 17 12 355.4 N/A
13 First Unio 25-Jun 22 310 N/A
14 Fleet Fina 26-Jun 31 292.8 N/A
15 BankBostonNov. 13 11 285 18.42
16 First UnioDec. 78 220 8.73 N/A
17 First UnioPending 7 220 N/A
18 Dime Banco 13-Aug 1 209.5 4.68
19 National CDec. 14 8 198 N/A
20 PNC Bank CSept. 21 5 195 13.4
21 Household Dec. 18 8 168 13.69
22 Peoples He 30-Jun 5 159 N/A
23 Bank One CAug. 21 8 154 N/A
24 Bank One CSept. 11 8 149 15.25
25 Bank One CPending 4 126 N/A
Totals and average 471 $12,952.70 12.82%
Totals and average 739 $17,001.30 12.18%
part 4 of 4
Top 25 Branch Sales Announced
(Dollars in millions)
Rank Branch Sale Locations
1 12 in N.J. & 83 in Philadelphia/central Pa.
2 All in Ind. (largely Indianapolis and Lafayette)
3 All in Fla. (Miami-Ft. Lauderdale-W. Palm Bch.)
4 All in Ohio (no major metropolitan areas)
5 All in Nev. (Las Vegas, Reno, Lake Tahoe)
6 2 in Ore., 10 in Idaho, and 19 in Wash.
7 All in New Mexico (Albuquerque)
8 All in Louisiana (Lafayette-Monroe)
9 All in Texas (Beaumont)
10 All in Arizona (Phoenix primarily)
11 All in Western Pennsylvania
12 All in South Texas
13 8 in Conn., 2 in N.Y., and 12 in N.J.
14 All in Maine
15 All in Western Massachussets
16 All in Florida
17 All in Florida
18 Deerfield Beach, Fla.
19 All in Northwest Pennsylvania
20 All in Kentucky
21 All in Del. (Wilmington-Newark)
22 All in New Hamshire
23 All in Kentucky
24 All in Southwest Louisiana
25 All in Indiana