Bank and Thrift Branch Deals Announced in 2011
February 14, 2012, 10:09 p.m. EST 1 Min Read
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Bank and Thrift Branch Deals Announced in 2011
Bank and Thrift Branch Deals Announced in 2011Dollars in millions | |||||||
|---|---|---|---|---|---|---|---|
| Rank | Buyer | Target name | Date of announcement | Deal status | Branches | Premium / deposits | |
| Number sold | Deposit sold | ||||||
| 1 | Old Florida Bancshares Inc. | Floridian Financial Group Inc. | Jan. 4 | Completed; July 15 | 1 | $5.8 | 0.00% |
| 2 | Hometown Banc Corp. | Nebraska Bankshares Inc. | Jan. 11 | Completed; March 23 | 1 | 9.5 | NA |
| 3 | StellarOne Corp. | Community Bankers Trust Corp. | Jan. 18 | Completed; April 15 | 1 | 12.0 | 1.66 |
| 4 | Country Bancorp Inc. | First Banks Inc. | Jan. 28 | Completed; April 29 | 1 | 13.7 | 0.95 |
| 5 | PNC Financial Services Group | BankAtlantic Bancorp Inc. | Jan. 28 | Completed; June 3 | 19 | 350.0 | 10.00 |
| 6 | First Sonora Bancshares Inc. | TTC Holdings Inc. | Jan. 31 | Completed; April 6 | 2 | 68.2 | NA |
| 7 | Heritage Financial Corp. | Boston Private Financial | Jan. 31 | Completed; June 10 | 1 | 7.0 | 0.00 |
| 8 | Four Corners Community Bank | Pine River Bank Corp. | Feb. 1 | Terminated; April 13 | 1 | 37.9 | NA |
| 9 | ST Financial Group Inc. | TCB Holding Co. | Feb. 25 | Completed; Oct. 28 | 1 | 33.1 | NA |
| 10 | Nacogdoches Community Bancshares Inc. | First International Bancorp Texas Inc. | Feb. 28 | Completed; April 26 | 2 | 52.2 | NA |
| 11 | PBT Bancshares Inc. | Coronado Financial Corp. | March 7 | Completed; Aug. 12 | 1 | 28.2 | 7.62 |
| 12 | Houston City Bancshares Inc. | Community National Bank | March 9 | Completed; July 15 | 1 | 18.0 | NA |
| 13 | ST Financial Group Inc. | TCB Holding Co. | March 15 | Completed; Oct. 28 | 2 | 66.0 | NA |
| 14 | Union Bankshares Inc. | Northway Financial Inc. | March 16 | Completed; May 27 | 3 | 80.9 | 6.00 |
| 15 | Leader Bancorp Inc. | Stoneham Savings Bank | March 22 | Completed; July 6 | 1 | 19.6 | NA |
| 16 | Luzerne National Bank Corp. | CCFNB Bancorp Inc. | March 25 | Completed; June 24 | 1 | 17.7 | 0.00 |
| 17 | McLeod Bancshares Inc. | North State Bancshares Inc. | March 30 | Completed; Sep. 9 | 1 | 9.4 | 2.00 |
| 18 | FirstAtlantic Financial Holding Inc. | Synovus Financial Corp. | March 31 | Completed; July 22 | 1 | 7.3 | NA |
| 19 | MidSouth Bancorp Inc. | First Bank Lubbock Bancshares Inc. | April 3 | Completed; July 29 | 5 | 150.0 | 5.00 |
| 20 | Guaranty Bancshares Inc. | Steele Holdings Inc. | April 6 | Completed; July 15 | 1 | 53.0 | NA |
| 21 | Citizens Bancshares Corp. | Plantation Financial Corp. | April 13 | Completed; Aug. 5 | 1 | 39.0 | 2.75 |
| 22 | Providence Bank | HomeStar Financial Group Inc. | April 20 | Completed; Oct. 21 | 1 | 38.9 | NA |
| 23 | Osceola Bancorp. | Exchange Financial Inc. | April 21 | Completed; July 22 | 1 | 7.7 | NA |
| 24 | Osborne Investments Inc. | UMB Financial Corp. | April 27 | Completed; July 22 | 1 | 12.6 | NA |
| 25 | Hometown Bancorp Inc. MHC | First Federal Savings Middletown | April 29 | Completed; Sep. 9 | 1 | 19.3 | 4.00 |
| 26 | Happy Bancshares Inc. | Carlile Bancshares Inc. | May 6 | Completed; July 8 | 1 | 7.2 | NA |
| 27 | Olney Bancshares of Texas Inc. | FCB Holdings Inc. | May 7 | Completed; July 15 | 3 | 64.5 | NA |
| 28 | Southland Credit Union | RMG Capital Corp. | May 16 | Completed; Sep. 26 | 1 | 37.0 | NA |
| 29 | First Bancshares Inc. | Hancock Holding Co. | May 17 | Completed; Sep. 16 | 8 | 195.0 | 4.67 |
| 30 | Merchants Holding Co. | Beulah Bancorp. Inc. | May 26 | Completed; Oct. 15 | 1 | 31.7 | NA |
| 31 | Xenith Bankshares Inc. | Paragon Commercial Corp. | June 1 | Completed; July 29 | 1 | 71.0 | 3.92 |
| 32 | Citizens First Corp. | Republic Bancorp Inc. | June 1 | Completed; Sep. 30 | 1 | 35.5 | 6.50 |
| 33 | First Financial Bancorp. | Liberty Capital Inc. | June 2 | Completed; Sep. 23 | 16 | 346.2 | 7.40 |
| 34 | Washington Federal Inc. | Beal Financial Corp. | June 7 | Completed; Oct. 14 | 6 | 253.0 | NA |
| 35 | Florida Shores Bancorp Inc. | Florida Capital Group Inc. | June 13 | Completed; Dec. 2 | 1 | 25.0 | NA |
| 36 | Community Bank Partners Inc. | Community Bankshares Inc. | June 14 | Terminated; Aug. 31 | NA | NA | NA |
| 37 | Green Bancorp Inc. | MS Financial Inc. | June 17 | Completed; Oct. 21 | 4 | 172.0 | NA |
| 38 | First Financial Holdings Inc. | Liberty Capital Inc. | June 21 | Pending | 5 | 109.5 | 5.84 |
| 39 | Blue Ridge Bankshares Inc. | Hampton Roads Bankshares Inc. | June 22 | Completed; Nov. 10 | 1 | 67.0 | NA |
| 40 | Landrum Co. | First Bancshares of Texas Inc. | June 22 | Completed; Sep. 23 | 2 | 66.6 | NA |
| 41 | CSB Bancorp Inc. | Ohio Legacy Corp. | June 23 | Completed; Oct. 14 | 2 | 77.0 | 5.00 |
| 42 | Enterprise Financial Services | Liberty Bancorp Inc. | June 24 | Completed; Oct. 21 | 1 | 42.9 | 0.75 |
| 43 | Southern National Bancorp of Virginia | Hampton Roads Bankshares Inc. | June 29 | Completed; Sep. 30 | 1 | 45.0 | NA |
| 44 | First Florida Bank | First M&F Corp. | June 30 | Pending | 1 | 13.4 | NA |
| 45 | Foothills Bank | Capitol Bancorp Ltd. | July 12 | Completed; Sep. 30 | 1 | 18.0 | NA |
| 46 | NBT Bancorp Inc. | Berkshire Hills Bancorp Inc. | July 13 | Completed; Oct. 21 | 4 | 158.0 | 6.00 |
| 47 | ECB Bancorp Inc. | Hampton Roads Bankshares Inc. | July 14 | Pending | 7 | 195.0 | 2.40 |
| 48 | Chalybeate Springs Corp. | BancorpSouth Inc. | July 21 | Pending | 2 | 22.2 | NA |
| 49 | Marine Bancorp Inc. | Centrue Financial Corp. | July 25 | Completed; Nov. 18 | 1 | 24.7 | NA |
| 50 | PNC Financial Services Group | Flagstar Bancorp Inc. | July 26 | Completed; Dec. 9 | 27 | 240.0 | 0.00 |
| 51 | First Niagara Financial Group | HSBC USA Inc. | July 30 | Pending | 195 | 15,000.0 | 6.67 |
| 52 | Bank of Central Florida | Florida Capital Group Inc. | Aug. 5 | Pending | 1 | 69.0 | 0.00 |
| 53 | NBH Holdings Corp. | Community Bankshares Inc. | Aug. 8 | Terminated; Oct. 21 | 16 | 554.3 | NA |
| 54 | First Bancorp | Waccamaw Bankshares Inc. | Aug. 10 | Pending | 11 | 183.5 | 1.50 |
| 55 | GBC Holdings Inc. | New Omni Bank | Aug. 11 | Completed; Oct. 24 | 1 | 27.1 | NA |
| 56 | First Security Bancorp | First Arkansas Bancshares Inc. | Aug. 11 | Pending | 1 | 4.5 | NA |
| 57 | First Financial Bancorp. | Flagstar Bancorp Inc. | Aug. 15 | Completed; Dec. 2 | 22 | 343.0 | 7.00 |
| 58 | MidSouth Bancorp Inc. | Beacon Federal Bancorp Inc. | Aug. 17 | Completed; Dec. 2 | 1 | 77.0 | 4.00 |
| 59 | State Holding Co. | First Arkansas Bancshares Inc. | Aug. 17 | Pending | 1 | 5.1 | NA |
| 60 | Pilot Bancorp. Inc. | Logan Investment Corp. | Aug. 25 | Completed; Nov. 21 | 2 | 41.5 | NA |
| 61 | First Carroll Bankshares Inc. | First Arkansas Bancshares Inc. | Aug. 30 | Completed; Dec. 3 | 1 | 6.6 | NA |
| 62 | Croghan Bancshares Inc. | United Community Financial Corp. | Aug. 31 | Completed; Dec. 16 | 4 | 111.7 | 4.00 |
| 63 | Equity Bancshares Inc. | Citizens Bancshares Co. | Aug. 31 | Completed; Dec. 9 | 4 | 110.0 | 1.08 |
| 64 | Merchants Financial Group Inc. | Central Bancshares Inc. | Aug. 31 | Completed; Nov. 18 | 1 | 19.0 | NA |
| 65 | Citywide Banks of Colorado Inc. | Advantage Bancorp Inc. | Sep. 1 | Pending | 1 | 49.8 | NA |
| 66 | Labette County Bankshares Inc. | Columbus Corp. | Sep. 6 | Completed; Dec. 9 | 1 | 28.3 | NA |
| 67 | West Texas Bancshares Inc. | Guaranty Bancshares Inc. | Sep. 15 | Completed; Jan. 13 ’12 | 1 | 18.5 | NA |
| 68 | Cameron Financial Corp. | Texas Bancshares Inc. | Sep. 23 | Pending | 1 | 16.8 | NA |
| 69 | Orion Bancorp. Inc. | National Bancshares Inc. | Sep. 26 | Completed; Dec. 9 | 1 | 70.0 | 5.10 |
| 70 | Select Bancorp Inc. | Atlanta Bancorp. Inc. | Sep. 30 | Completed; Jan. 13 ’12 | 1 | 24.5 | 2.00 |
| 71 | First Midwest Bancorp Inc. | Old National Bancorp | Oct. 3 | Completed; Dec. 2 | NA | 185.0 | 0.27 |
| 72 | Inland Bancorp Inc. | Metropolitan Bank Group Inc. | Oct. 12 | Pending | 2 | 176.0 | NA |
| 73 | Community Bank Partners Inc. | Big Sandy Holding Co. | Oct. 14 | Pending | 1 | 43.1 | NA |
| 74 | HNB National Bank | Mercantile Bancorp Inc. | Oct. 19 | Completed; Jan. 1 ’12 | 2 | 74.0 | 1.50 |
| 75 | Security California Bancorp | Universal Financial Inc. | Oct. 19 | Pending | 1 | 29.2 | 2.20 |
| 76 | Sherwood Community Bank | Urich Bancorp Inc. | Oct. 21 | Completed; Dec. 30 | 1 | 3.1 | NA |
| 77 | California Republic Bank | NCAL Bancorp | Oct. 24 | Completed; Jan. 6 ’12 | 1 | 16.2 | NA |
| 78 | NBT Bancorp Inc. | Berkshire Hills Bancorp Inc. | Oct. 25 | Pending | 4 | 57.0 | 2.50 |
| 79 | AIM Bancshares Inc. | East Texas Financial Corp. | Oct. 26 | Pending | 1 | 20.1 | NA |
| 80 | Metro City Bank | Synovus Financial Corp. | Oct. 28 | Pending | 1 | 12.1 | NA |
| 81 | Western Arizona Bancorp Inc. | Zions Bancorp. | Oct. 28 | Pending | 1 | 38.0 | 3.05 |
| 82 | Iowa River Bancorp Inc. | HMN Financial Inc. | Nov. 7 | Pending | 1 | 45.8 | NA |
| 83 | American National Corp. | Liberty Banshares Iowa Inc. | Nov. 7 | Pending | 2 | 84.0 | NA |
| 84 | Blue Ridge Holdings Inc. | First Guaranty Bank Corp. | Nov. 9 | Pending | 7 | 211.0 | NA |
| 85 | Walker Ban Co. | Remer Bancorp. Inc. | Dec. 5 | Pending | 3 | 62.3 | NA |
| 86 | Lumbee Guaranty Bank | New Century Bancorp Inc. | Dec. 20 | Pending | 2 | 20.6 | NA |
| 87 | Tennessee Bancshares Inc. | Community First Inc. | Dec. 28 | Pending | 1 | 32.9 | 4.00 |
Note: Based on value of deal at announcement. Includes bank and thrift branch deals from Jan. 1, 2011, through Dec. 31, 2011. Includes terminated deals. Data as of Jan. 20, 2012.
Source: SNL Financial, Charlottesville, Va.
© 2012 American Banker