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Announcements of Government-Assisted Bank Transactions

August 10, 2010, 12:00 a.m. EDT 1 Min Read
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Announcements of Government-Assisted Bank Transactions

Announcements of Government-Assisted Bank Transactions2010 to date through July 22. Dollars in thousands.
Published August 11, 2010
  Buyer Target Type of transaction Date of
announcement		 Premium paid Total assets at assumption Assets sold in resolution Total deposits at assumption Deposit transferred Franchise premium as % of deposits Estimated cost to regulatory agency
1 Washington Federal Inc. Horizon Bank Wash. Purchase/assumption January 8 0 $1,299,986 $1,161,061 $1,174,360 $819,528 0 $539,100
2 Independent Bankers Financial Corp. Texas Independent Bankers’ Bank Bridge Bank Ill. Purchase/assumption January 13 $439 583,516 111,800 511,473 155,912 0.3 115,564
3 First American Bank Corp. Ill. Town Community Bank and Trust Ill. Purchase/assumption January 15 0 69,600 67,600 67,400 55,749 0 17,800
4 St. Joseph Bancshares Acquisitions Inc. Minn. St. Stephen State Bank Minn. Purchase/assumption January 15 0 24,742 24,742 23,383 23,383 0 7,200
5 Beal Financial Corp. Texas Charter Bank N.M. Purchase/assumption January 22 0 1,250,000 1,250,000 851,500 696,623 0 201,900
6 Bond Street Holdings LLC N.Y. Premier American Bank Fla. Purchase/assumption January 22 0 350,874 350,874 326,317 316,308 0 85,000
7 Columbia Banking System Inc. Wash. Columbia River Bank Ore. Purchase/assumption January 22 7,584 1,100,000 903,000 1,010,210 891,000 1 172,500
8 Sunflower Financial Inc. Kan. Bank of Leeton Mo. Purchase/assumption January 22 120 20,100 NA 20,400 20,400 0.6 8,100
9 Umpqua Holdings Corp. Ore. Evergreen Bank Wash. Purchase/assumption January 22 1,765 488,500 402,134 439,400 284,752 1 64,200
10 Bond Street Holdings LLC N.Y. Florida Community Bank Purchase/assumption January 29 2,233 875,473 499,100 795,454 560,944 0.4 352,600
11 Columbia Banking System Inc. Wash. American Marine Bank Wash. Purchase/assumption January 29 2,454 373,185 308,000 308,452 253,000 1 58,900
12 Community and Southern Holdings Inc. Ga. First National Bank of Georgia Purchase/assumption January 29 8,126 832,580 832,580 757,949 653,058 1.3 260,400
13 First Citizens BancShares Inc. N.C. First Regional Bank Calif. Purchase/assumption January 29 0 2,184,100 1,985,401 1,861,537 1,287,719 0 825,500
14 First Holding Co. of Cavalier Inc. N.D. Marshall Bank Minn. Purchase/assumption January 29 3,740 59,852 59,852 54,740 54,740 7.4 4,100
15 SCBT Financial Corp. S.C. Community Bank and Trust Ga. Purchase/assumption January 29 0 1,211,027 1,017,369 1,110,000 1,003,614 0 354,500
16 Midwest Minnesota Community Development Corp. 1st American State Bank of Minnesota Purchase/assumption February 5 0 18,155 18,155 16,327 16,327 0 3,100
17 FirstMerit Corp. Ohio George Washington Savings Bank Ill. Purchase/assumption February 19 1,227 420,000 403,883 398,300 395,734 0.3 141,400
18 IMB Management Holdings LP Calif. La Jolla Bank FSB Calif. Purchase/assumption February 19 0 3,646,071 3,646,071 2,799,362 2,799,362 0 882,300
19 Medina Community Bancshares Inc. Texas La Coste National Bank Texas Purchase/assumption February 19 251 53,936 53,936 49,275 49,275 0.5 3,700
20 Omaha Financial Holdings Inc. Neb. Marco Community Bank Fla. Purchase/assumption February 19 1,474 119,578 119,578 117,097 117,097 1.5 38,100
21 Heritage Bancorp Nev. Carson River Community Bank Nev. Purchase/assumption February 26 0 51,095 38,000 50,024 44,741 0 7,900
22 Umpqua Holdings Corp. Ore. Rainier Pacific Savings Bank Wash. Purchase/assumption February 26 4,051 717,806 655,000 446,192 423,900 1 95,200
23 First Citizens BancShares Inc. N.C. Sun American Bank Fla. Purchase/assumption March 5 0 536,604 536,604 443,481 420,012 0 103,800
24 Heartland Bancorp Inc. Ill. Bank of Illinois Purchase/assumption March 5 6,645 211,711 211,711 198,487 187,894 3.6 53,700
25 Valley National Bancorp N.J. LibertyPointe Bank N.Y. Purchase/assumption March 11 296 209,700 200,000 200,000 200,000 0.2 24,800
26 Home Bancorp Inc. La. Statewide Bank La. Purchase/assumption March 12 0 243,215 199,181 205,876 205,876 0 38,100
27 Home BancShares Inc. Ark. Old Southern Bank Fla. Purchase/assumption March 12 3,285 341,000 335,298 328,457 328,457 1 94,600
28 Valley National Bancorp N.J. Park Avenue Bank N.Y. Purchase/assumption March 12 675 520,146 480,000 494,505 450,000 0.2 50,700
29 Bay Area Banking Shares Inc. Wis. State Bank of Aurora Minn. Purchase/assumption March 19 139 28,159 28,159 27,801 27,801 0.5 4,200
30 Citizens South Banking Corp. N.C. Bank of Hiawassee Ga. Purchase/assumption March 19 2,660 377,779 285,800 339,597 291,400 1 137,700
31 Community and Southern Holdings Inc. Ga. Appalachian Community Bank Ga. Purchase/assumption March 19 6,056 1,010,075 1,010,075 917,575 917,575 1 419,300
32 First Citizens-Crenshaw Bancshares Inc. Ala. First Lowndes Bank Ala. Purchase/assumption March 19 0 137,175 137,175 131,117 131,117 0 38,300
33 NB&T Financial Group Inc. Ohio American National Bank Ohio Purchase/assumption March 19 0 70,318 70,318 66,752 61,660 0 17,100
34 SouthCrest Financial Group Inc. Ga. Century Security Bank Ga. Purchase/assumption March 19 0 96,535 96,535 93,967 83,704 0 29,900
35 Bank of the Ozarks Inc. Ark. Unity National Bank Ga. Purchase/assumption March 26 0 295,000 276,000 259,000 221,000 0 67,200
36 Charter Financial Corp. MHC Ga. McIntosh Commercial Bank Ga. Purchase/assumption March 26 0 362,988 362,988 343,339 343,339 0 123,300
37 Home BancShares Inc. Ark. Key West Bank Fla. Purchase/assumption March 26 111 99,200 96,761 66,746 66,746 0.5 23,100
38 New York Community Bancorp Inc. Desert Hills Bank Ariz. Purchase/assumption March 26 0 496,552 450,000 426,473 374,900 0 106,700
39 BNC Bancorp N.C. Beach First National Bank S.C. Purchase/assumption April 9 0 620,000 614,000 516,000 499,000 0 130,300
40 Center Financial Corp. Calif. Innovative Bank Calif. Purchase/assumption April 16 1,043 284,000 229,643 240,000 209,313 0.5 37,800
41 Mitsubishi UFJ Financial Group Inc. Tamalpais Bank Calif. Purchase/assumption April 16 4,668 628,903 600,000 487,582 400,000 2 81,100
42 People’s United Financial Inc. Conn. Butler Bank MHC Mass. Purchase/assumption April 16 0 268,027 229,000 225,000 225,000 0 22,900
43 Toronto-Dominion Bank AmericanFirst Bank Fla. Purchase/assumption April 16 0 90,497 90,497 81,887 65,775 0 10,500
44 Toronto-Dominion Bank First Federal Bank of North Florida Purchase/assumption April 16 0 393,300 393,300 324,200 324,200 0 6,000
45 Toronto-Dominion Bank Riverside National Bank of Florida Purchase/assumption April 16 0 $3,420,000 $3,420,000 $2,760,000 $2,647,201 0 $491,800
46 Washington Banking Co. City Bank Wash. Purchase/assumption April 16 $6,161 1,129,154 749,589 1,020,494 644,104 1 323,400
47 BMO Financial Group AMCORE Bank Ill. Purchase/assumption April 23 213 3,769,177 2,500,000 3,421,194 2,200,000 0 220,300
48 First Midwest Bancorp Inc. Ill. Peotone Bank and Trust Co. Ill. Purchase/assumption April 23 840 136,000 91,000 130,000 84,000 1 31,700
49 MB Financial Inc. Ill. Broadway Bank Ill. Purchase/assumption April 23 0 1,151,451 995,000 1,113,959 281,000 0 394,300
50 MB Financial Inc. Ill. New Century Bank Ill. Purchase/assumption April 23 0 500,000 500,000 471,000 471,000 0 125,300
51 Republic Bancorp Co. Ill. Citizens Bank and Trust Co. of Chicago Purchase/assumption April 23 NA 77,275 NA 74,519 74,519 NA 20,900
52 Wintrust Financial Corp. Ill. Lincoln Park Savings Bank Ill. Purchase/assumption April 23 729 205,000 190,000 171,469 171,469 0.4 48,400
53 Wintrust Financial Corp. Ill. Wheatland Bank Ill. Purchase/assumption April 23 1,119 435,000 380,000 438,502 438,502 0.4 133,000
54 Bank of Nova Scotia R-G Premier Bank of Puerto Rico Purchase/assumption April 30 19,844 5,920,000 5,600,000 4,252,763 2,200,000 1.4 1,230,000
55 Community First Bancshares Inc. Mo. BC National Banks Mo. Purchase/assumption April 30 0 67,162 67,162 54,926 54,926 0 11,400
56 First Michigan Bancorp Inc. CF Bancorp Mich. Purchase/assumption April 30 8,223 1,650,000 870,000 1,436,836 1,100,000 0.8 615,300
57 Liberty Bancorp Inc. Mo. Champion Bank Mo. Purchase/assumption April 30 0 187,336 152,600 153,763 153,763 0 52,700
58 Mitsubishi UFJ Financial Group Inc. Frontier Bank Wash. Purchase/assumption April 30 0 3,500,000 3,200,000 3,125,495 2,483,000 0 1,370,000
59 Oriental Financial Group Inc. Puerto Rico Eurobank Puerto Rico Purchase/assumption April 30 3,119 2,561,343 1,700,000 1,970,724 722,422 1.3 743,900
60 Popular Inc. Puerto Rico Westernbank Puerto Rico Purchase/assumption April 30 0 11,938,184 9,100,000 8,619,969 2,380,161 0 3,310,000
61 CBOA Financial Inc. Ariz. Towne Bank of Arizona Purchase/assumption May 7 108 120,246 120,246 113,243 85,564 0.3 41,800
62 City National Corp. Calif. 1st Pacific Bank of California Purchase/assumption May 7 3,060 335,798 320,000 291,173 250,000 1.6 87,700
63 First Federal Bancorp MHC Fla. Bank of Bonifay Fla. Purchase/assumption May 7 0 242,871 78,100 230,190 230,190 0 78,700
64 PSB Financial Shares Inc. Minn. Access Bank Minn. Purchase/assumption May 7 6 31,996 31,996 31,969 31,969 0 5,500
65 Ameris Bancorp Ga. Satilla Community Bank Ga. Purchase/assumption May 14 75 142,300 142,300 134,005 75,400 0.2 31,300
66 Arbor Bancorp Inc. Mich. New Liberty Bank Mich. Purchase/assumption May 14 0 109,100 109,100 101,800 91,973 0 25,000
67 FirstMerit Corp. Ohio Midwest Bank and Trust Co. Ill. Purchase/assumption May 14 6,875 3,000,000 3,000,000 2,300,000 2,300,000 0.4 216,400
68 Simmons First National Corp. Ark. Southwest Community Bank Mo. Purchase/assumption May 14 212 97,200 97,200 97,300 97,300 0.5 29,000
69 Coulee Bancshares Inc. Wis. Pinehurst Bank Minn. Purchase/assumption May 21 419 61,215 61,215 58,288 57,215 1.3 6,000
70 City National Corp. Calif. Sun West Bank Nev. Purchase/assumption May 28 1,495 360,662 352,000 353,943 311,000 0.7 96,700
71 EverBank Financial Corp. Fla. Three BOFL Corp. (Fla.) bank subsidiaries Purchase/assumption May 28 0 1,481,400 1,481,400 1,315,600 1,210,899 0 203,000
72 TriCo Bancshares Calif. Granite Community Bank Calif. Purchase/assumption May 28 0 102,913 102,913 94,800 94,800 0 17,300
73 National Australia Bank Ltd. TierOne Bank Neb. Purchase/assumption June 4 28,363 2,824,737 2,824,737 1,900,000 1,900,000 1.5 297,800
74 Southeast Arkansas Bank Corp. First National Bank Miss. Purchase/assumption June 4 0 60,449 60,449 63,483 63,483 0 12,600
75 East West Bancorp Inc. Calif. Washington First International Bank Purchase/assumption June 11 2,073 520,887 504,000 441,362 415,000 0.5 158,400
76 Umpqua Holdings Corp. Ore. Nevada Security Bank Purchase/assumption June 18 0 497,000 497,000 479,759 440,000 0 80,900
77 Bond Street Holdings LLC Fla. Peninsula Bank Fla. Purchase/assumption June 25 0 644,261 644,261 580,140 580,140 0 194,800
78 First Artesia Bancshares Inc. N.M. High Desert State Bank N.M. Purchase/assumption June 25 0 80,343 80,343 80,985 80,985 0 20,900
79 Savannah Bancorp Inc. Ga. First National Bank Ga. Purchase/assumption June 25 106 252,520 42,000 231,857 201,000 0.1 68,900
80 Customers 1st Bank Pa. USA Bank N.Y. Purchase/assumption July 9 0 193,299 193,299 189,887 179,938 0 61,700
81 Jefferson Bancorp Inc. D.C. Bay National Bank Md. Purchase/assumption July 9 0 282,174 282,174 276,090 276,090 0 17,400
82 RCB Holding Co. Inc. Okla. Home National Bank Kan. Purchase/assumption July 9 1,196 644,489 340,700 560,683 543,623 0.2 78,700
83 Bank of the Ozarks Inc. Ark. Woodlands Bank S.C. Purchase/assumption July 16 0 390,000 390,000 350,000 350,000 0 115,000
84 CenterState Banks Inc. Fla. Olde Cypress Community Bank Fla. Purchase/assumption July 16 0 168,650 168,650 162,352 150,000 0 31,500
85 Commercial National Financial Corp. Mich. MainStreet Savings Bank FSB MHC Mich. Purchase/assumption July 16 720 97,394 97,394 63,707 63,707 1.1 11,400
86 North American Financial Holdings Inc. Fla. First National Bank of the South S.C. Purchase/assumption July 16 0 681,991 681,991 610,142 610,142 0 74,900
87 North American Financial Holdings Inc. Fla. MetroBank of Dade County Fla. Purchase/assumption July 16 0 442,331 442,331 391,290 391,290 0 67,600
88 North American Financial Holdings Inc. Fla. Turnberry Bank Fla. Purchase/assumption July 16 0 263,939 263,939 196,927 196,927 0 34,400

Source:

SNL Financial
, Charlottesville, Va.

© 2010 American Banker

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