Announcements of Government-Assisted Bank Transactions
August 14, 2012, 3:25 p.m. EDT 1 Min Read
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Announcements of Government-Assisted Bank Transactions
Announcements of Government-Assisted Bank Transactions2012 to date through June 30. Dollars in millions. | ||||||
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Rank | Buyer | Target | Date of announcement | Assets sold ($ millions) | Deposits assumed ($ millions) | Premium / deposits (%) |
1 | Capital Bancorp Inc. Rockville, Md. | American Eagle Savings Bank Boothwyn, Pa. | Jan. 20 | $19.6 | $17.7 | - |
2 | CenterState Banks Inc. Davenport, Fla. | Central Florida State Bank Belleview | Jan. 20 | 67.9 | 65.0 | - |
3 | Hamilton State Bancshares Inc. Hoschton, Ga. | First State Bank Stockbridge, Ga. | Jan. 20 | 515.6 | 483.8 | 0.50% |
4 | CenterState Banks Inc. Davenport, Fla. | First Guaranty Bank and Trust Co. of Jacksonville Fla. | Jan. 27 | 377.0 | 352.4 | - |
5 | First Resource Bank Savage, Minn. | Patriot Bank Minnesota Forest Lake | Jan. 27 | 105.0 | 102.8 | - |
6 | Republic Bancorp Inc. Louisville, Ky. | Tennessee Commerce Bank Franklin | Jan. 27 | 948.7 | 947.4 | - |
7 | U.S. Bancorp Minneapolis | BankEast Knoxville, Tenn. | Jan. 27 | 261.9 | 259.6 | - |
8 | First Merchants Corp. Muncie, Ind. | SCB Bank Shelbyville, Ind. | Feb. 10 | 147.7 | 125.7 | - |
9 | Wintrust Financial Corp. Lake Forest, Ill. | Charter National Bank & Trust Hoffman Estates, Ill. | Feb. 10 | 93.9 | 89.5 | - |
10 | Ameris Bancorp Moultrie, Ga. | Central Bank of Georgia Ellaville | Feb. 24 | 273.9 | 261.0 | - |
11 | Metro City Bank Doraville, Ga. | Global Commerce Bank Doraville, Ga. | March 2 | 79.0 | 116.8 | - |
12 | IBC Bancorp Inc. Chicago | Premier Bank Wilmette, Ill. | March 23 | 236.1 | 172.7 | - |
13 | Stearns Financial Services Inc. St. Cloud, Minn. | Covenant Bank & Trust Rock Spring, Ga. | March 23 | 95.7 | 90.6 | - |
14 | Huntington Bancshares Inc. Columbus, Ohio | Fidelity Bank Dearborn, Mich. | March 30 | 800.0 | 747.6 | - |
15 | Alma Bank Astoria, N.Y. | Fort Lee Federal Savings Bank FSB N.J. | April 20 | 15.7 | 50.7 | 1.85 |
16 | First Financial Holdings Inc. Charleston, S.C. | Plantation Federal Bank Pawleys Island, S.C. | April 27 | 486.4 | 440.5 | - |
17 | Great Southern Bancorp Inc. Springfield, Mo. | Inter Savings Bank FSB Maple Grove, Minn. | April 27 | 481.6 | 467.0 | - |
18 | Pacific Premier Bancorp Inc. Costa Mesa, Calif. | Palm Desert National Bank Calif. | April 27 | 129.6 | 108.9 | - |
19 | Southern National Bancorp of Virginia Inc. McLean | HarVest Bank of Maryland Gaithersburg | April 27 | 164.3 | 145.5 | - |
20 | Banesco USA Coral Gables, Fla. | Security Bank North Lauderdale, Fla. | May 4 | 100.6 | 99.1 | - |
21 | Southern States Bancshares Inc. Anniston, Ala. | Alabama Trust Bank Sylacauga | May 18 | 51.6 | 44.0 | - |
22 | BNC Bancorp High Point, N.C. | Carolina Federal Savings Bank Charleston, S.C. | June 8 | 41.0 | 52.0 | - |
23 | F&M Bancshares Inc. Crescent, Okla. | First Capital Bank Kingfisher, Okla. | June 8 | 40.4 | 44.8 | 7.65 |
24 | First Community Bancshares Inc. Bluefield, Va. | Waccamaw Bank Whiteville, N.C. | June 8 | 513.0 | 427.1 | - |
25 | Tri-County Financial Group Inc. Mendota, Ill. | Farmers & Traders State Bank Shabbona, Ill. | June 8 | 43.1 | 42.3 | - |
26 | Clayton Bancorp, Inc Knoxville, Tenn. | Farmers Bank of Lynchburg Tenn. | June 15 | 163.9 | 156.4 | 0.10 |
27 | Fidelity Southern Corp. Atlanta | Security Exchange Bank Marietta, Ga. | June 15 | 151.0 | 146.5 | - |
28 | HCBF Holding Co. Inc. Fort Pierce, Fla. | Putnam State Bank Palatka, Fla. | June 15 | 169.5 | 160.0 | - |
Data as July 16. Includes government-assisted deals from Jan. 1, 2012 to June 30, 2012.
Source:
SNL Financial
, Charlottesville, Va.© 2012 American Banker