Bank and Thrift Merger Deals Announced in the First Half of 2012
August 14, 2012, 2:16 p.m. EDT 1 Min Read
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Bank and Thrift Merger Deals Announced in the First Half of 2012
Bank and Thrift Merger Deals Announced in the First Half of 2012Ranked by announcement date | |||||||
---|---|---|---|---|---|---|---|
Rank | Buyer | Target | Announced | Completed | Deal value at: | ||
Announcement ($ millions) | Completion ($ millions) | Book value (%) | |||||
1 | Commonwealth Holdings LLC Burlington, Ky. | Commonwealth Trust Bancorp Inc. Walton, Ky. | Jan. 3 | Completed; April 7 | NA | NA | NA |
2 | Prime Time Investments Group LLC Wray, Colo. | Investment Opts LLC Greeley, Colo. | Jan. 3 | Definitive Agreement | NA | NA | NA |
3 | Private Investor - Kenneth Ray Lehman Arlington, Va. | First Capital Bancorp Inc. Glen Allen, Va. | Jan. 10 | Completed; May 11 | NA | NA | NA |
4 | MinnDak Bancshares Inc. Park Rapids, Minn. | Kent Bancshares Inc. Minn. | Jan. 11 | Completed; May 8 | $1.2 | $1.2 | 158.3% |
5 | First Volunteer Corp. Chattanooga, Tenn. | Gateway Bancshares Inc. Ringgold, Ga. | Jan. 12 | Completed; April 16 | 16.4 | 16.4 | 69.2 |
6 | Investor group | College Savings Bank Princeton, N.J. | Jan. 12 | Completed; Jan. 12 | NA | NA | NA |
7 | Prosperity Bancshares Inc. Houston | American State Financial Corp. Lubbock, Texas | Jan. 12 | Completed; July 1 | 529.2 | 536.8 | 189.2 |
8 | First York Ban Corp. Neb. | Frontier Bank Davenport, Neb. | Jan. 13 | Completed; April 11 | NA | NA | NA |
9 | Landmark Bancorp Inc. Manhattan, Kan. | Wellsville Bank Kan. | Jan. 13 | Completed; April 1 | 4.0 | 4.0 | 112.0 |
10 | Provident New York Bancorp Montebello | Gotham Bank of New York | Jan. 17 | Definitive Agreement | 40.5 | NA | 128.5 |
11 | State Bankshares Inc. Fargo, N.D. | First Hawley Bancshares Inc. Minn. | Jan. 17 | Completed; April 1 | NA | NA | NA |
12 | Grandpoint Capital Inc. Los Angeles | California Community Bank Escondido | Jan. 19 | Definitive Agreement | 30.0 | NA | 116.3 |
13 | Prosperity Bancshares Inc. Houston | Bank Arlington Texas | Jan. 19 | Completed; April 1 | 5.8 | 6.3 | 131.4 |
14 | Capital Bancorp Inc. Rockville, Md. | American Eagle Savings Bank Boothwyn, Pa. | Jan. 20 | Completed; Jan. 20 | NA | NA | NA |
15 | CenterState Banks Inc. Davenport, Fla. | Central Florida State Bank Belleview | Jan. 20 | Completed; Jan. 20 | NA | NA | NA |
16 | Hamilton State Bancshares Inc. Hoschton, Ga. | First State Bank Stockbridge, Ga. | Jan. 20 | Completed; Jan. 20 | NA | NA | NA |
17 | Old National Bancorp Evansville, Ind. | Indiana Community Bancorp Columbus | Jan. 24 | Definitive Agreement | 103.2 | NA | 120.3 |
18 | Tompkins Financial Corp. Ithaca, N.Y. | VIST Financial Corp. Wyomissing, Pa. | Jan. 25 | Definitive Agreement | 110.0 | NA | 71.2 |
19 | Newell Bancshares Inc. Iowa | Union State Bank Rockwell City, Iowa | Jan. 26 | Completed; March 24 | NA | NA | NA |
20 | CenterState Banks Inc. Davenport, Fla. | First Guaranty Bank and Trust Co. of Jacksonville Fla. | Jan. 27 | Completed; Jan. 27 | NA | NA | NA |
21 | First Resource Bank Savage, Minn. | Patriot Bank Minnesota Forest Lake | Jan. 27 | Completed; Jan. 27 | NA | NA | NA |
22 | Landrum Co. Columbia, Mo. | Bank of Birch Tree Mo. | Jan. 27 | Completed; May 11 | NA | NA | NA |
23 | Republic Bancorp Inc. Louisville | Tennessee Commerce Bank Franklin | Jan. 27 | Completed; Jan. 27 | NA | NA | NA |
24 | U.S. Bancorp Minneapolis | BankEast Knoxville, Tenn. | Jan. 27 | Completed; Jan. 27 | NA | NA | NA |
25 | Arvest Bank Group Inc. Bentonville, Ark. | Union Bank Kansas City, Mo. | Jan. 30 | Completed; June 22 | 34.0 | 34.0 | 189.4 |
26 | Grandpoint Capital Inc. Los Angeles | Bank Capital Corp. Phoenix | Jan. 31 | Definitive Agreement | NA | NA | NA |
27 | Center Bancorp Inc. Union, N.J. | Saddle River Valley Bank N.J. | Feb. 1 | Definitive Agreement | 11.5 | NA | 87.6 |
28 | Corporate Merchant Services Inc. Lake Mary, Fla. | Northern Star Financial Inc. Mankato, Minn. | Feb. 3 | Definitive Agreement | 1.5 | NA | NM |
29 | B2B Holdings Inc. Houston | Stockmens National Bank in Cotulla Texas | Feb. 9 | Definitive Agreement | 13.5 | NA | 207.5 |
30 | CapStar Bank Nashville | American Security Bank and Trust Co. Hendersonville, Tenn. | Feb. 9 | Definitive Agreement | NA | NA | NA |
31 | Horizon Bancorp Michigan City, Ind. | Heartland Bancshares Inc. Franklin, Ind. | Feb. 9 | Definitive Agreement | 21.3 | NA | 96.0 |
32 | First Merchants Corp. Muncie, Ind. | SCB Bank Shelbyville, Ind. | Feb. 10 | Completed; Feb. 10 | NA | NA | NA |
33 | Wintrust Financial Corp. Lake Forest, Ill. | Charter National Bank & Trust Hoffman Estates, Ill. | Feb. 10 | Completed; Feb. 10 | NA | NA | NA |
34 | Overbrook Bankshares Inc. Kan. | Carbondale Bankshares Inc. Kan. | Feb. 14 | Definitive Agreement | NA | NA | NA |
35 | Investor group | Uvalde Bancshares Inc. Dover, Del. | Feb. 15 | Definitive Agreement | 3.8 | NA | 87.1 |
36 | Investor group | Community Bank of East Tennessee Clinton | Feb. 16 | Definitive Agreement | NA | NA | NA |
37 | Carlile Bancshares Inc. Fort Worth, Texas | Northstar Financial Corp. Denton, Texas | Feb. 21 | Definitive Agreement | NA | NA | NA |
38 | Private investor - Kevin P. Meehan Mendon, Mass. | MNB Bancorp Milford, Mass. | Feb. 22 | Definitive Agreement | NA | NA | NA |
39 | Bixby Bridge Financial LP Northbrook, Ill. | PCNB Bancshares Inc. Bremen, Ga. | Feb. 23 | Definitive Agreement | NA | NA | NA |
40 | Ameris Bancorp Moultrie, Ga. | Central Bank of Georgia Ellaville | Feb. 24 | Completed; Feb. 24 | NA | NA | NA |
41 | FBT Bancshares Inc. Fordyce, Ark. | Bank of Rison Ark. | Feb. 25 | Definitive Agreement | NA | NA | NA |
42 | First California Financial Group Inc. Westlake Village | Premier Service Bank Riverside, Calif. | Feb. 27 | Renegotiation | 2.0 | NA | 31.3 |
43 | Northfield Bancorp Inc. (MHC) Avenel, N.J. | Flatbush Federal Bancorp Inc. (MHC) Brooklyn, N.Y. | Feb. 29 | Definitive Agreement | 18.2 | NA | 120.1 |
44 | Vintage Bancorp Inc. Wichita | Cornerbank Winfield, Kan. | Feb. 29 | Terminated; July 11 | 28.5 | NA | 112.4 |
45 | First Community Bancshares Inc. Bluefield, Va. | Peoples Bank of Virginia Richmond | March 1 | Completed; May 31 | 40.6 | 40.5 | 99.8 |
46 | GFA Federal Credit Union Gardner, Mass. | Monadnock Community Bank Peterborough, N.H. | March 1 | Definitive Agreement | 8.3 | NA | 116.3 |
47 | Metro City Bank Doraville, Ga. | Global Commerce Bank Doraville, Ga. | March 2 | Completed; March 2 | NA | NA | NA |
48 | Cadence Bancorp LLC Houston | Encore Bancshares Inc. Houston | March 5 | Completed; July 2 | 251.3 | 251.3 | 171.1 |
49 | Bank of Commerce Ammon, Idaho | State Bank & Trust Co. Dillon, Mont. | March 7 | Completed; July 16 | 9.7 | 9.7 | 100.8 |
50 | Marion County Savings Bank Salem, Ill. | First Federal Savings and Loan Association of Pekin Ill. | March 7 | Definitive Agreement | NA | NA | NA |
51 | Mitsubishi UFJ Financial Group Inc. Tokyo | Pacific Capital Bancorp Santa Barbara, Calif. | March 9 | Definitive Agreement | 1,516.3 | NA | 198.6 |
52 | Flint Hills Bancshares Inc. Gridley, Kan. | Exchange National Bank of Cottonwood Falls Kan. | March 12 | Definitive Agreement | NA | NA | NA |
53 | Investor group in Oklahoma | Ryan Bancshares Inc. Okla. | March 12 | Definitive Agreement | 2.0 | NA | 80.0 |
54 | National Australia Bank Ltd. Docklands | North Central Bancshares Inc. Fort Dodge, Iowa | March 12 | Completed; June 22 | 41.5 | 41.5 | 98.6 |
55 | Framingham Co-operative Bank Mass. | Natick Federal Savings Bank Mass. | March 13 | Completed; July 1 | NA | NA | NA |
56 | Leackco Bank Holding Co. Inc. Wolsey, S.D. | ASB Bank Holding Co. Pierre, S.D. | March 14 | Definitive Agreement | NA | NA | NA |
57 | PSB Holdings Inc. Wausau, Wis. | Marathon State Bank Wis. | March 15 | Completed; June 14 | 5.6 | 5.5 | 100.0 |
58 | IBERIABANK Corp. Lafayette, La. | Florida Gulf Bancorp Inc. Fort Myers | March 19 | Definitive Agreement | 44.5 | NA | 141.0 |
59 | Commerce Bancshares Corp. Worchester, Mass. | Mercantile Capital Corp. Boston | March 21 | Definitive Agreement | 29.9 | NA | 194.4 |
60 | Texas Independent Bancshares Inc. Texas City | Texas Coastal Bank Pasadena | March 21 | Definitive Agreement | 2.9 | NA | 133.5 |
61 | GNB Bancorp. Grundy Center, Iowa | Delaware Service Co. Manchester, Iowa | March 23 | Completed; July 2 | NA | NA | NA |
62 | IBC Bancorp Inc. Chicago | Premier Bank Wilmette, Ill. | March 23 | Completed; March 23 | NA | NA | NA |
63 | SKBHC Holdings LLC Seattle | Security Business Bancorp San Diego | March 23 | Completed; July 3 | 26.4 | 26.9 | 134.7 |
64 | Stearns Financial Services Inc. St. Cloud, Minn. | Covenant Bank & Trust Rock Spring, Ga. | March 23 | Completed; March 23 | NA | NA | NA |
65 | FNB Bancorp South San Francisco | Oceanic Bank Holding Inc. San Francisco | March 25 | Definitive Agreement | 27.8 | NA | 86.2 |
66 | Capital Bank Financial Corp. Coral Gables, Fla. | Southern Community Financial Corp. Winston-Salem, N.C. | March 26 | Renegotiation | 120.4 | NA | 130.9 |
67 | Green Bancorp Inc. Houston | Opportunity Bancshares Inc. Richardson, Texas | March 28 | Completed; May 31 | 10.0 | 10.0 | 95.5 |
68 | Investor group | Ixonia Bancshares Inc. Wis. | March 28 | Completed; June 21 | NA | NA | NA |
69 | S&T Bancorp Inc. Indiana, Pa. | Gateway Bank of Pennsylvania McMurray | March 29 | Definitive Agreement | 21.3 | NA | 140.1 |
70 | Huntington Bancshares Inc. Columbus, Ohio | Fidelity Bank Dearborn, Mich. | March 30 | Completed; March 30 | NA | NA | NA |
71 | GWY LLC Bellevue, Wash. | Northwest Bank Lake Oswego, Ore. | April 4 | Definitive Agreement | NA | NA | NA |
72 | Washington Federal Inc. Seattle | South Valley Bancorp Inc. Klamath Falls, Ore. | April 4 | Definitive Agreement | 72.7 | NA | 105.6 |
73 | Private Investor - Serguei Kouzmine Atlanta | Affinity Bank Atlanta | April 6 | Definitive Agreement | NA | NA | NA |
74 | Jefferson Bancorp Inc. Washington | Carrollton Bancorp Columbia, Md. | April 8 | Definitive Agreement | NA | NA | NA |
75 | Umpqua Holdings Corp. Portland, Ore. | American Perspective Bank San Luis Obispo, Calif. | April 9 | Terminated; April 30 | 44.7 | NA | 101.2 |
76 | FVNB Corp. Victoria, Texas | First State Bank New Braunfels, Texas | April 12 | Definitive Agreement | NA | NA | NA |
77 | Mathias Bancshares Inc. Springdale, Ark. | Decatur State Bank Ark. | April 12 | Definitive Agreement | 2.0 | NA | 30.9 |
78 | Pioneer Bank SSB Dripping Springs, Texas | La Grange Bancshares Inc. Texas | April 13 | Definitive Agreement | NA | NA | NA |
79 | Alma Bank Astoria, N.Y. | Fort Lee Federal Savings Bank FSB N.J. | April 20 | Completed; April 20 | NA | NA | NA |
80 | Carlile Bancshares Inc. Fort Worth | Washington Investment Co. Yuma, Colo. | April 20 | Definitive Agreement | 65.0 | NA | 111.0 |
81 | DFW Capital Holdings Inc. Dallas | Schwertner State Bank Texas | April 23 | Definitive Agreement | NA | NA | NA |
82 | Investor group | Metropolitan Bank Group Inc. Chicago | April 23 | Definitive Agreement | NA | NA | NA |
83 | Central Bancshares Inc. Golden Valley, Minn. | Bank of Naples Fla. | April 26 | Definitive Agreement | NA | NA | NA |
84 | First Financial Holdings Inc. Charleston, S.C. | Plantation Federal Bank Pawleys Island, S.C. | April 27 | Completed; April 27 | NA | NA | NA |
85 | Great Southern Bancorp Inc. Springfield, Mo. | Inter Savings Bank FSB Maple Grove, Minn. | April 27 | Completed; April 27 | NA | NA | NA |
86 | Pacific Premier Bancorp Inc. Costa Mesa, Calif. | Palm Desert National Bank Calif. | April 27 | Completed; April 27 | NA | NA | NA |
87 | Southern National Bancorp of Virginia Inc. McLean | HarVest Bank of Maryland Gaithersburg | April 27 | Completed; April 27 | NA | NA | NA |
88 | Independent Bank Corp. Rockland, Mass. | Central Bancorp Inc. Somerville, Mass. | April 30 | Definitive Agreement | 64.8 | NA | 154.5 |
89 | PacWest Bancorp Los Angeles | American Perspective Bank San Luis Obispo, Calif. | April 30 | Definitive Agreement | 58.1 | NA | 131.6 |
90 | Bar Harbor Bankshares Maine | Border Trust Co. Augusta, Maine | May 1 | Definitive Agreement | 1.2 | NA | NA |
91 | Kopernik Federal Bank Baltimore | Hull Federal Savings Bank Baltimore | May 1 | Definitive Agreement | 1.9 | NA | NM |
92 | Ovation Holdings Inc. Naples, Fla. | Royal Palm Bank of Florida Naples | May 1 | Definitive Agreement | 2.1 | NA | NA |
93 | Community Bancshares of Mississippi Inc. Brandon | Community Holding Co. of Florida Inc. Miramar Beach | May 2 | Definitive Agreement | NA | NA | NA |
94 | Manhattan Banking Corp. Kan. | Sonoran Bank Phoenix | May 2 | Definitive Agreement | NA | NA | NA |
95 | Ottawa Bancshares Inc. Salina, Kan. | First Community Bank Emporia, Kan. | May 3 | Definitive Agreement | NA | NA | NA |
96 | WashingtonFirst Bankshares Inc. Reston, Va. | Alliance Bankshares Corp. Chantilly, Va. | May 3 | Definitive Agreement | 24.2 | NA | 86.0 |
97 | Banesco USA Coral Gables, Fla. | Security Bank North Lauderdale, Fla. | May 4 | Completed; May 4 | NA | NA | NA |
98 | Hilltop Holdings Inc. Dallas | PlainsCapital Corp. Dallas | May 8 | Definitive Agreement | 641.1 | NA | 113.9 |
99 | Exchange Bankshares Corp. of Kansas Atchison | Rushville State Bank Mo. | May 11 | Definitive Agreement | NA | NA | NA |
100 | Park Sterling Corp. Charlotte | Citizens South Banking Corp. Gastonia, N.C. | May 13 | Definitive Agreement | 77.8 | NA | 112.0 |
101 | Southern States Bancshares Inc. Anniston, Ala. | Alabama Trust Bank Sylacauga | May 18 | Completed; May 18 | NA | NA | NA |
102 | First Priority Financial Corp. Malvern, Pa. | Affinity Bancorp Inc. Wyomissing, Pa. | May 23 | Definitive Agreement | NA | NA | NA |
103 | Adams Bancshares Inc. Minn. | Elkton Bancshares Inc. Minn. | May 24 | Definitive Agreement | NA | NA | NA |
104 | Investor group | First Bancshares Inc. Kansas City, Kan. | May 24 | Definitive Agreement | 7.5 | NA | 132.9 |
105 | Trustmark Corp. Jackson, Miss. | BancTrust Financial Group Inc. Mobile | May 28 | Definitive Agreement | 55.4 | NA | 86.8 |
106 | Chippewa Valley Agency Ltd. Bruce, Wis. | Superior Bank Wis. | May 29 | Definitive Agreement | NA | NA | NA |
107 | Meredith Village Savings Bank Meredith, N.H. | Merrimack County Savings Bank MHC Concord, N.H. | May 30 | Definitive Agreement | NA | NA | NA |
108 | United Financial Bancorp Inc. West Springfield, Mass. | New England Bancshares Inc. Enfield, Conn. | May 30 | Definitive Agreement | 85.2 | NA | 117.6 |
109 | Berkshire Hills Bancorp Inc. Pittsfield, Mass. | Beacon Federal Bancorp Inc. East Syracuse | May 31 | Definitive Agreement | 130.4 | NA | 110.7 |
110 | Colwich Financial Corp. Wichita | Banking operations of Alliant Bank Sedgwick, Kan. | May 31 | Definitive Agreement | NA | NA | NA |
111 | BNC Bancorp High Point, N.C. | First Trust Bank Charlotte, N.C. | June 4 | Definitive Agreement | 36.0 | NA | 75.9 |
112 | Peoples Bancorp Inc. Marietta, Ohio | Sistersville Bancorp Inc. W.Va. | June 4 | Definitive Agreement | 9.8 | NA | 120.0 |
113 | Equity Bancshares Inc. Wichita | First Community Bancshares Inc. Overland Park, Kan. | June 5 | Definitive Agreement | NA | NA | NA |
114 | Ohio Farmers Insurance Co. Westfield Center | Western Reserve Bancorp Inc. Medina, Ohio | June 5 | Definitive Agreement | 23.0 | NA | 124.6 |
115 | ASB Financial Corp. Portsmouth, Ohio | Cottage Savings Bank Cincinnati | June 8 | Definitive Agreement | 9.4 | NA | 125.8 |
116 | BNC Bancorp High Point, N.C. | Carolina Federal Savings Bank Charleston, S.C. | June 8 | Completed; June 8 | NA | NA | NA |
117 | F&M Bancshares Inc. Crescent, Okla. | First Capital Bank Kingfisher, Okla. | June 8 | Completed; June 8 | NA | NA | NA |
118 | First Community Bancshares Inc. Bluefield, Va. | Waccamaw Bank Whiteville, N.C. | June 8 | Completed; June 8 | NA | NA | NA |
119 | Tri-County Financial Group Inc. Mendota, Ill. | Farmers & Traders State Bank Shabbona, Ill. | June 8 | Completed; June 8 | NA | NA | NA |
120 | Grandpoint Capital Inc. Los Angeles | NCAL Bancorp Los Angeles | June 11 | Definitive Agreement | NA | NA | NA |
121 | First Virginia Community Bank Fairfax | 1st Commonwealth Bank of Virginia Arlington | June 13 | Definitive Agreement | 3.7 | NA | 97.6 |
122 | Lone Star Capital Bank San Antonio | Cattleman's National Bank Johnson City, Texas | June 13 | Definitive Agreement | NA | NA | NA |
123 | Drummond Banking Co. Chiefland, Fla. | Williston Holding Co. Fla. | June 14 | Definitive Agreement | 14.6 | NA | 77.2 |
124 | Investors Bancorp, Inc. (MHC) Short Hills, N.J. | Marathon Banking Corp. Astoria, N.Y. | June 14 | Definitive Agreement | 135.0 | NA | 122.7 |
125 | Clayton Bancorp Inc. Knoxville, Tenn. | Farmers Bank of Lynchburg Tenn. | June 15 | Completed; June 15 | NA | NA | NA |
126 | Comanche National Corp. Texas | Certain assets and liabilities of Texas Savings Bank SSB Snyder | June 15 | Definitive Agreement | NA | NA | NA |
127 | Fidelity Southern Corp. Atlanta | Security Exchange Bank Marietta, Ga. | June 15 | Completed; June 15 | NA | NA | NA |
128 | HCBF Holding Co. Inc. Fort Pierce, Fla. | Putnam State Bank Palatka, Fla. | June 15 | Completed; June 15 | NA | NA | NA |
129 | HaleCo Bancshares Inc. Plainview, Texas | LubCo Bancshares Inc. Slaton, Texas | June 16 | Definitive Agreement | NA | NA | NA |
130 | Heartland Bancorp Inc. Bloomington, Ill. | Farmer City State Bank Ill. | June 19 | Definitive Agreement | NA | NA | NA |
131 | Customers Bancorp Inc. Wyomissing, Pa. | Acacia Federal Savings Bank Falls Church, Va. | June 20 | Definitive Agreement | 65.0 | NA | 51.5 |
132 | Reliable Community Bancshares Inc. Perryville, Mo. | First Southeast Missouri Bancorp. Inc. Scott City | June 20 | Definitive Agreement | NA | NA | NA |
133 | Main Banc Inc. Albuquerque | Bank 1st Financial Corp. Albuquerque | June 22 | Definitive Agreement | NA | NA | NA |
134 | Prosperity Bancshares Inc. Houston | Community National Bank Bellaire, Texas | June 27 | Definitive Agreement | 26.4 | NA | 151.5 |
135 | Oriental Financial Group Inc. San Juan, Puerto Rico | BBVA's Puerto Rico operations San Juan | June 28 | Definitive Agreement | 500.0 | NA | 83.1 |
Data as of July 16, 2012. Includes whole bank and thrift deals from Jan. 1, 2012, through June 30, 2012. Includes terminated deals.
Source:
SNL Financial
, Charlottesville, Va. © 2012 American Banker