Announcements of Government-Assisted Bank Transactions
January 22, 2013, 8:23 p.m. EST 1 Min Read
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Announcements of Government-Assisted Bank Transactions
Announcements of Government-Assisted Bank Transactions2012 to date through Sept. 30. Dollars in millions. | ||||||
|---|---|---|---|---|---|---|
| Rank | Buyer | Target | Date of announcement | Assets sold ($ millions) | Deposits assumed ($ millions) | Premium / deposits (%) |
| 1 | Ameris Bancorp Moultrie, Ga. | Montgomery Bank and Trust Alley, Ga. | July 6 | $18.1 | $156.6 | - |
| 2 | Central Banco. Inc. Jefferson City, Mo. | Heartland Bank Leawood, Kan. | July 20 | 96.0 | 89.7 | 1.11 |
| 3 | Community and Southern Holdings Inc. Atlanta | First Cherokee State Bank Woodstock, Ga. | July 20 | 222.7 | 193.3 | 0.50 |
| 4 | Community and Southern Holdings Inc. Atlanta | Georgia Trust Bank Buford | July 20 | 111.5 | 109.3 | 0.50 |
| 5 | First Midwest Bancorp Inc. Itasca, Ill. | Waukegan Savings Bank Ill. | Aug. 3 | 63.0 | 74.0 | - |
| 6 | First National Bank of the Gulf Coast Naples, Fla. | Royal Palm Bank of Florida Naples | July 20 | 78.0 | 77.0 | - |
| 7 | Republic Bancorp Inc. Louisville, Ky. | First Commercial Bank Bloomington, Minn. | Sep. 7 | 215.0 | 197.0 | - |
| 8 | RMB Bancshares Inc. Marceline, Mo. | Glasgow Savings Bank Mo. | July 13 | 24.8 | 24.2 | - |
| 9 | Simmons First National Corp. Pine Bluff, Ark. | Truman Bank St. Louis | Sep. 14 | 219.0 | 230.0 | - |
| 10 | Stearns Financial Services Inc. St. Cloud, Minn. | Jasper Banking Co. Ga. | July 27 | 216.7 | 213.1 | - |
| 11 | Wintrust Financial Corp. Lake Forest, Ill. | First United Bank Crete, Ill. | Sep. 28 | 328.4 | 316.9 | 0.60 |
| 12 | Wintrust Financial Corp. Lake Forest, Ill. | Second Federal Savings and Loan Association of Chicago | July 20 | 14.2 | 175.9 | 0.06 |
Data as Oct. 15. Includes government-assisted deals from July 1, 2012 to Sept. 30, 2012.
Source:
SNL Financial
, Charlottesville, Va.© 2013 American Banker