Announcements of Government-Assisted Bank Transactions in the First Half of 2013
Published August 09, 2013, 5:38 p.m. EDT
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Updated August 09, 2013, 4:38 p.m. EDT
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Announcements of Government-Assisted Bank Transactions in the First Half of 2013
Announcements of Government-Assisted Bank Transactions2013 to date through June 30. Dollars in millions. | ||||||
|---|---|---|---|---|---|---|
| Rank | Buyer | Target | Date of announcement | Assets sold ($ millions) | Deposits assumed ($ millions) | Premium / deposits (%) |
| 1 | Western Acquisitions LLC Washington | Westside Community Bank University Place, Wash. | Jan. 11 | $97.7 | $96.5 | 1.04% |
| 2 | McLeod Bancshares Inc. Shorewood, Minn. | 1st Regents Bank Andover, Minn. | Jan. 18 | 50.2 | 49.1 | 2.00 |
| 3 | Liberty Financial Services Inc. New Orleans | Covenant Bank Chicago | Feb. 15 | 58.4 | 51.7 | - |
| 4 | Heritage Financial Group Inc. Albany, Ga. | Frontier Bank LaGrange, Ga. | March 8 | 181.2 | 211.6 | - |
| 5 | First Scottsdale Bank Ariz. | Gold Canyon Bank Ariz. | April 5 | 40.8 | 44.2 | - |
| 6 | Community Bank Shares of Indiana Inc. New Albany | First Federal Bank Lexington, Ky. | April 19 | 91.3 | 87.0 | - |
| 7 | First Federal Bancorp MHC Lake City, Fla. | Chipola Community Bank Marianna, Fla. | April 19 | 37.5 | 37.1 | - |
| 8 | FirstAtlantic Financial Holdings Inc. Jacksonville, Fla. | Heritage Bank of North Florida Orange Park | April 19 | 110.9 | 108.5 | - |
| 9 | CertusHoldings Inc. Atlanta | Parkway Bank Lenoir, N.C. | April 26 | 99.2 | 104.7 | - |
| 10 | Hamilton State Bancshares Inc. Hoschton, Ga. | Douglas County Bank Douglasville, Ga. | April 26 | 260.9 | 314.3 | 0.50 |
| 11 | Capital Bancorp Inc. Rockville, Md. | Pisgah Community Bank Asheville, N.C. | May 10 | 19.8 | 21.2 | - |
| 12 | Synovus Financial Corp. Columbus, Ga. | Sunrise Bank Valdosta, Ga. | May 10 | 13.2 | 54.0 | - |
| 13 | Western State Agency Inc. Devils Lake, N.D. | Central Arizona Bank Scottsdale | May 14 | 31.6 | 30.8 | - |
| 14 | North Shore Bank FSB Brookfield, Wis. | Banks of Wisconsin Kenosha | May 31 | 97.4 | 125.9 | - |
| 15 | Plaza Bank Irvine, Calif. | 1st Commerce Bank North Las Vegas | June 6 | 20.2 | 19.6 | NA |
| 16 | First Horizon National Corp. Memphis | Mountain National Bank Sevierville, Tenn. | June 7 | 437.3 | 370.0 | - |
Source:
SNL Financial
, Charlottesville, Va.© 2012 American Banker