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Bank and Thrift Merger Deals Announced in the First Half of 2012

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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
Published August 14, 2012

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

M&A