Announcements of Government-Assisted Bank Transactions in 2011
February 15, 2012, 1:46 p.m. EST 1 Min Read
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Announcements of Government-Assisted Bank Transactions in 2011
Announcements of Government-Assisted Bank Transactions in 2011Dollars in millions | ||||||
|---|---|---|---|---|---|---|
| Rank | Buyer | Target | Date of announcement | Assets sold | Deposits assumed† | Premium / deposits |
| 1 | First Southern Bancorp Inc. | First Commercial Bank of Florida | Jan. 7 | $598.5 | $491.4 | - |
| 2 | Enterprise Financial Services | Legacy Bank | Jan. 7 | 131.9 | 113.7 | 1.00% |
| 3 | Bank of the Ozarks Inc. | Oglethorpe Bank | Jan. 14 | 192.9 | 195.1 | - |
| 4 | First Citizens BancShares Inc. | United Western Bank | Jan. 21 | 1,823.1 | 1,604.9 | - |
| 5 | Blue Ridge Holdings Inc. | CommunitySouth Bank and Trust | Jan. 21 | 440.6 | 367.1 | - |
| 6 | First Bancorp | Bank of Asheville | Jan. 21 | 190.4 | 192.3 | - |
| 7 | U.S. Bancorp | First Community Bank | Jan. 28 | 2,100.0 | 1,800.0 | - |
| 8 | Northern Bankshares Inc. | Evergreen State Bank | Jan. 28 | 246.5 | 161.5 | - |
| 9 | Haines Financial Corp | First State Bank | Jan. 28 | 44.5 | 41.2 | - |
| 10 | Renasant Corp. | American Trust Bank | Feb. 4 | 158.0 | 223.0 | - |
| 11 | BankSouth Holding Co. | North Georgia Bank | Feb. 4 | 123.9 | 128.7 | - |
| 12 | Wintrust Financial Corp. | Community First Bank- Chicago | Feb. 4 | 51.1 | 49.5 | 0.50 |
| 13 | First Michigan Bancorp Inc. | Peoples State Bank | Feb. 11 | 390.5 | 389.9 | 0.25 |
| 14 | Pacific Premier Bancorp | Canyon National Bank | Feb. 11 | 195.7 | 204.3 | - |
| 15 | Bond Street Holdings Inc. | Sunshine State Community Bank | Feb. 11 | 114.6 | 110.5 | 0.50 |
| 16 | Royal Bancshares Inc. | Badger State Bank | Feb. 11 | 83.8 | 76.1 | - |
| 17 | First California Financial Group | San Luis Trust Bank FSB | Feb. 18 | 384.8 | 265.4 | - |
| 18 | SCBT Financial Corp. | Habersham Bank | Feb. 18 | 359.9 | 339.4 | - |
| 19 | Heritage Financial Group Inc. | Citizens Bank of Effingham | Feb. 18 | 214.3 | 204.1 | 1.00 |
| 20 | Bank of Marin Bancorp | Charter Oak Bank | Feb. 18 | 92.3 | 92.5 | - |
| 21 | Tri-County Finl Group Inc. | Valley Community Bank | Feb. 25 | 123.8 | 117.8 | - |
| 22 | Seaway Bancshares Inc. | Legacy Bank | March 11 | 165.7 | 147.1 | - |
| 23 | Valley Bancshares Inc. | First National Bank of Davis | March 11 | 28.5 | 46.1 | 7.50 |
| 24 | Wintrust Financial Corp. | Bank of Commerce | March 25 | 163.1 | 161.4 | 0.10 |
| 25 | Heartland Bancorp Inc. | Western Springs National Bank and Trust | April 8 | 186.8 | 181.9 | - |
| 26 | City National Corp. | Nevada Commerce Bank | April 8 | 138.9 | 118.0 | 0.71 |
| 27 | Community Bancorp LLC | Superior Bank | April 15 | 3,040.7 | 2,598.8 | - |
| 28 | AloStar Bank of Commerce | Nexity Bank | April 15 | 757.6 | 596.6 | - |
| 29 | Hamilton State Bancshares | Bartow County Bank | April 15 | 330.2 | 304.1 | 1.00 |
| 30 | Trustmark Corp. | Heritage Banking Group | April 15 | 228.3 | 203.0 | 0.15 |
| 31 | Citizens South Banking Corp. | New Horizons Bank | April 15 | 107.6 | 101.9 | 1.00 |
| 32 | Central Bancshares Inc. | Rosemount National Bank | April 15 | 37.6 | 36.6 | - |
| 33 | Bank of the Ozarks Inc. | Park Avenue Bank | April 29 | 727.7 | 626.3 | - |
| 34 | First Michigan Bancorp Inc. | Community Central Bank | April 29 | 476.3 | 331.4 | 0.25 |
| 35 | Bond Street Holdings Inc. | First National Bank of Central Florida | April 29 | 342.8 | 292.5 | 0.50 |
| 36 | Bank of the Ozarks Inc. | First Choice Community Bank | April 29 | 294.7 | 293.3 | - |
| 37 | Bond Street Holdings Inc. | Cortez Community Bank | April 29 | 67.1 | 59.9 | - |
| 38 | Bond Street Holdings Inc. | Coastal Bank | May 6 | 129.7 | 122.5 | - |
| 39 | Blue Ridge Holdings Inc. | Atlantic Southern Bank | May 20 | 741.9 | 592.8 | - |
| 40 | Blue Ridge Holdings Inc. | First Georgia Banking Co. | May 20 | 731.0 | 678.9 | - |
| 41 | Columbia Banking System Inc. | Summit Bank | May 20 | 140.0 | 130.0 | 0.75 |
| 42 | Columbia Banking System Inc. | First Heritage Bank | May 27 | 168.0 | 159.0 | 0.75 |
| 43 | First Citizens Bancorp. | Atlantic Bank and Trust | June 3 | 208.2 | 191.6 | 0.75 |
| 44 | Hamilton State Bancshares | McIntosh State Bank | June 17 | 339.9 | 324.4 | 0.50 |
| 45 | Stonegate Bank | First Commercial Bank of Tampa Bay | June 17 | 98.6 | 88.9 | 0.50 |
| 46 | First American Bancorp | Mountain Heritage Bank | June 24 | 103.7 | 89.6 | - |
| 47 | Wintrust Financial Corp. | First Chicago Bank and Trust | July 8 | 880.7 | 683.9 | 0.50 |
| 48 | First Citizens BancShares Inc. | Colorado Capital Bank | July 8 | 673.2 | 607.1 | - |
| 49 | First Nebraska Bancs Inc. | Signature Bank | July 8 | 66.7 | 64.5 | - |
| 50 | Bond Street Holdings Inc. | First Peoples Bank | July 15 | 227.1 | 198.4 | - |
| 51 | Ameris Bancorp | One Georgia Bank | July 15 | 184.2 | 136.1 | - |
| 52 | Ameris Bancorp | High Trust Bank | July 15 | 179.0 | 175.9 | - |
| 53 | Foothills Bank | Summit Bank | July 15 | 72.0 | 66.4 | 0.25 |
| 54 | NBH Holdings Corp. | Bank of Choice | July 22 | 772.6 | 760.2 | - |
| 55 | Adam Bank Group Inc. | LandMark Bank of Florida | July 22 | 275.0 | 246.6 | - |
| 56 | Adam Bank Group Inc. | SouthShore Community Bank | July 22 | 46.3 | 45.3 | - |
| 57 | Old National Bancorp | Integra Bank | July 29 | 1,900.0 | 1,500.0 | 1.00 |
| 58 | SCBT Financial Corp. | BankMeridian | July 29 | 225.7 | 205.0 | - |
| 59 | Xenith Bankshares Inc. | Virginia Business Bank | July 29 | 92.9 | 77.5 | - |
| 60 | Columbia Banking System Inc. | Bank of Whitman | Aug. 5 | 302.0 | 401.0 | - |
| 61 | Heartland Bancorp Inc. | Bank of Shorewood | Aug. 5 | 110.7 | 104.0 | - |
| 62 | Enterprise Financial Services | First National Bank of Olathe | Aug. 12 | 526.0 | 505.8 | 1.50 |
| 63 | Capital Bancorp Inc. | Public Savings Bank | Aug. 18 | 46.8 | 44.6 | - |
| 64 | Banco Sabadell SA | Lydian Private Bank | Aug. 19 | 1,600.0 | 1,253.8 | - |
| 65 | Heritage Financial Group Inc. | First Southern National Bank | Aug. 19 | 175.0 | 170.0 | 1.00 |
| 66 | Inland Bancorp Inc. | First Choice Bank | Aug. 19 | 141.0 | 132.8 | - |
| 67 | Georgia Commerce Bancshares | Patriot Bank of Georgia | Sep. 2 | 150.8 | 111.2 | - |
| 68 | Georgia Commerce Bancshares | CreekSide Bank | Sep. 2 | 102.3 | 96.6 | - |
| 69 | Charter Financial Corp. MHC | First National Bank of Florida | Sep. 9 | 251.8 | 244.7 | - |
| 70 | Southern BancShares (N.C.) | Bank of the Commonwealth | Sep. 23 | 924.3 | 901.8 | - |
| 71 | TriCo Bancshares | Citizens Bank of Northern California | Sep. 23 | 288.8 | 240.0 | - |
| 72 | AFNB Holdings Inc. | First International Bank | Sep. 30 | 239.9 | 208.8 | - |
| 73 | Central Bancshares Inc. | RiverBank | Oct. 7 | 417.4 | 359.1 | - |
| 74 | Great Southern Bancorp Inc. | Sun Security Bank | Oct. 7 | 355.9 | 280.0 | - |
| 75 | State Bank Finl Corp. | Piedmont Community Bank | Oct. 14 | 199.6 | 175.6 | - |
| 76 | Northfield Bancorp Inc. MHC | First State Bank | Oct. 14 | 185.0 | 188.2 | - |
| 77 | BNC Bancorp | Blue Ridge Savings Bank Inc. | Oct. 14 | 168.3 | 160.4 | - |
| 78 | Blackhawk Bancorp. Inc. | Country Bank | Oct. 14 | 113.3 | 139.0 | - |
| 79 | NBH Holdings Corp. | Community Banks of Colorado | Oct. 21 | 1,200.0 | 1,296.4 | - |
| 80 | 1st United Bancorp Inc. | Old Harbor Bank | Oct. 21 | 209.2 | 209.5 | - |
| 81 | Fidelity Southern Corp. | Decatur First Bank | Oct. 21 | 179.0 | 169.9 | - |
| 82 | State Bank Finl Corp. | Community Capital Bank | Oct. 21 | 163.7 | 156.2 | - |
| 83 | IBC Bancorp Inc. | All American Bank | Oct. 28 | 34.8 | 30.5 | - |
| 84 | Cache Valley Banking Co. | SunFirst Bank | Nov. 4 | 177.3 | 152.4 | - |
| 85 | Purdum State Bank | Mid City Bank Inc. | Nov. 4 | 106.1 | 105.5 | - |
| 86 | CBB Bancorp Inc. | Community Bank of Rockmart | Nov. 10 | 40.7 | 47.8 | - |
| 87 | First NBC Bank Holding Co. | Central Progressive Bank | Nov. 18 | 354.4 | 347.7 | - |
| 88 | Grinnell Bancshares Inc. | Polk County Bank | Nov. 18 | 91.6 | 82.0 | - |
| 89 | Washington Federal Inc. | Western National Bank | Dec. 16 | 162.9 | 131.4 | - |
| 90 | Summit Financial Enterprises Inc. | Premier Community Bank of the Emerald Coast | Dec. 16 | 126.0 | 112.1 | - |
Note: Includes government-assisted deals from Jan. 1, 2011, through Dec. 31, 2011. Data as Jan. 20, 2012. †Dollar value of total deposits tranferred.
Source: SNL Financial, Charlottesville, Va.
© 2012 American Banker