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part 1 of 4
Rank Buyer
1 Fleet Financial Group Inc., Boston
2 Union Planters Corp., Memphis
3 Summit Bancorp, Princeton, N.J.
4 U.S. Bancorp, Minneapolis
5 BB&T Corp., Winston-Salem, N.C.
6 Old Kent Financial Corp., Grand Rapids, Mich.
7 Old Kent Financial Corp., Grand Rapids, Mich.
8 Fifth Third Bancorp, Cincinnati
9 BancWest Corp., Honolulu
10 Anchor BanCorp Wisconsin Inc., Madison
11 BB&T Corp., Winston-Salem, N.C.
12 Independence Community Bank Corp., Brooklyn, N.Y.
13 BB&T Corp., Winston-Salem, N.C.
14 Synovus Financial Corp., Columbus, Ga.
15 Associated Banc-Corp., Green Bay, Wis.
16 California Financial Bancorp, Newport Beach
17 Carolina First Corp., Greenville, S.C.
18 First Security Corp., Salt Lake City
19 Independent Bank Corp., Ionia, Mich.
20 Hubco Inc., Mahwah, N.J.
21 MidCity Financial Corp., Chicago
22 NBC Capital Corp., Starkville, Miss.
23 Greater Bay Bancorp, Palo Alto, Calif.
24 Cullen/Frost Bankers Inc., San Antonio, Tex.
25 BSB Bancorp Inc., Binghamton, N.Y.
Totals and averages for the top 25 deals announced in the 1st quarter of
Totals and averages for all deals announced in the 1st quarter of 1999
part 2 of 4
Value
of transaction
Rank Seller ($ millions)
1 BankBoston Corp. $16,018.20
2 Republic Banking Corp. of Florida, Coral 411.6
3 Prime Bancorp Inc., Fort Washington, Pa. 304.4
4 Bank of Commerce, San Diego 300.2
5 Mason-Dixon Bancshares Inc., Westminster 247.2
6 Pinnacle Banc Group Inc., OakBrook Ill. 242.7
7 CFSB Bancorp Inc., Lansing, Mich. 242.6
8 Emerald Financial Corp., Strongsville, O 218.5
9 SierraWest Bancorp, Truckee, Calif. 199.7
10 FCB Financial Corp., Oshkosh, Wis. 174.4
11 Matewan BancShares Inc., Williamson, W. 159.5
12 Broad National Bancorp, Newark, N.J. 141.9
13 First Citizens Corp., Newman, Ga. 123.8
14 Merit Holding Corp., Tucker, Ga. 115.8
15 Riverside Acquisition Corp., Minneapolis 89.1
16 Placer Savings Bank, Auburn, Calif. 80
17 Citrus Bank, Orlando, Fla. 77.5
18 Comstock Bancorp, Reno, Nevada 64.5
19 Mutual Savings Bank FSB, Bay City, Mich. 64
20 Little Falls Bancorp Inc., Little Falls, 53.8
21 Damen Financial Corp., Schaumberg, Ill. 52.7
22 FFBS Bancorp Inc., Columbus, Miss. 47.4
23 Bay Area Bancshares, Redwood City, Calif 43.6
24 Commerce Financial Corp., Fort Worth, Te 42.2
25 Skaneateles Bancorp Inc., Skaneateles, N 41.7
part 3 of 3
Price toPrice to
book latest 1 Date Accounting
Rank Sellervalue (xnet incoannounce type
1 BankBo 3.26 19.84 Mar. 14 Pooling
2 Republ 2.42 26.23 Feb. 22 Purchase
3 Prime 3.34 24.97 Feb. 18 Purchase
4 Bank o 4.86 26.03 Feb. 18 Purchase
5 Mason- 3.01 23.35 Jan. 28 Pooling
6 Pinnac 2.03 15.95 Mar. 19 Pooling
7 CFSB B 3.4 19.74 Feb. 24 Pooling
8 Emeral 3.8 28.37 Mar. 1 Pooling
9 Sierra 2.46 25.06 Feb. 25 Pooling
10 FCB Fi 2.23 24.65 Jan. 5 Pooling
11 Matewa 2.34 22.84 Feb. 25 Purchase
12 Broad 2.8 16.9 Feb. 1 Purchase
13 First 2.92 21.55 Jan. 27 Pooling
14 Merit 3.17 23.04 Mar. 19 Pooling
15 Rivers 3.74 20.62 Mar. 10 Pooling
16 Placer 2.34 21.76 Mar. 18 Purchase
17 Citrus 4.47 35.4 Mar. 18 Pooling
18 Comsto 3.1 17.55 Mar. 13 Purchase
19 Mutual 1.73 23.57 Mar. 24 Pooling
20 Little 1.38 26.79 Jan. 26 Purchase
21 Damen 1.2 26.46 Feb. 23 Purchase
22 FFBS B 1.95 30.18 Feb. 5 Pooling
23 Bay Ar 3.04 18.96 Jan. 26 Pooling
24 Commer 3 31.24 Feb. 17 Purchase
25 Skanea 2.16 25.79 Jan. 25 Pooling
part 4 of 4
Buyer's Seller's Seller's
assets assets # of
Rank Seller($ million($ millionemployees
1 BankBo$99,479.00$73,513.00 24,500
2 Republ30,525.50 1,542.70 690
3 Prime 31,852.20 1,038.00 322
4 Bank o73,884.00 697.4 202
5 Mason-33,875.80 1,083.30 298
6 Pinnac16,588.90 1,044.40 370
7 CFSB B13,703.30 867.4 17
8 Emeral28,921.80 643 122
9 Sierra 8,184.30 879.2 234
10 FCB Fi 2,113.90 534.9 145
11 Matewa33,875.80 676.9 231
12 Broad 5,071.60 622.3 240
13 First 33,875.80 385.6 141
14 Merit 10,498.00 298.8 99
15 Rivers10,575.70 313.4 123
16 Placer 50.3 553.1 264
17 Citrus 2,632.70 215.9 98
18 Comsto19,859.30 226.9 121
19 Mutual 1,044.40 564.4 240
20 Little 6,677.00 340.7 36
21 Damen 1,602.30 220.2 36
22 FFBS B 653.7 155.7 28
23 Bay Ar 1,535.40 151.6 33
24 Commer 6,409.00 178.7 66
25 Skanea 1,816.70 271.5 86
Source: Sheshunoff Information Services, a Thomson Financial
Price premium of seller - deal price per share increase over seller
Deposit premium of seller - deal price per share less book value