Bank and Thrift Branch Deals Announced in the First Half of 2012
August 14, 2012, 1:25 p.m. EDT 1 Min Read
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Bank and Thrift Branch Deals Announced in the First Half of 2012
Bank and Thrift Branch Deals Announced in the First Half of 2012Ranked by announcement date | |||||||
|---|---|---|---|---|---|---|---|
| Rank | Buyer | Target | Date of announcement | Status of deal | Branches | Premium/ deposits | |
| Number sold | Deposit sold ($ millions) | ||||||
| 1 | Central Bancshares Inc. Muscatine, Iowa | Associated Banc-Corp Galesburg, Ill. | Jan. 5 | Completed; May 18 | 2 | $66.0 | 6.25% |
| 2 | Banesco USA Coral Gables, Fla. | Great Florida Bank Weston | Jan. 6 | Completed; May 11 | 1 | 15.7 | NA |
| 3 | KeyCorp Cleveland | First Niagara Financial Group Inc. New York | Jan. 11 | Completed; July 13 | 37 | 2,500.0 | 4.60 |
| 4 | Wintrust Financial Corp. Lake Forest, Ill. | Suburban Illinois Bancorp Inc. Orland Park | Jan. 13 | Completed; April 13 | 1 | 50.0 | 3.60 |
| 5 | Pecos County Bancshares Inc. Fort Stockton, Texas | Western Bancshares Inc. Van Horn, Texas | Jan. 17 | Completed; June 22 | 1 | 18.7 | 3.00 |
| 6 | Community Bank System Inc. De Witt, N.Y. | First Niagara Financial Group Inc. New York | Jan. 19 | Definitive Agreement | 19 | 955.0 | 3.22 |
| 7 | Financial Institutions Inc. Warsaw, N.Y. | First Niagara Financial Group Inc. New York | Jan. 19 | Definitive Agreement | 8 | 375.8 | 4.00 |
| 8 | Town and Country Financial Corp. Springfield, Ill. | Associated Banc-Corp Quincy, Ill. | Jan. 24 | Completed; May 18 | 1 | 61.0 | 4.81 |
| 9 | Undisclosed buyer | First Banks Inc. Florida | Jan. 25 | Terminated; April 4 | 19 | 345.9 | 2.30 |
| 10 | Premara Financial Inc. Washington | Palmetto Bancshares Inc. South Carolina | Jan. 27 | Completed; July 1 | 2 | 47.8 | 1.75 |
| 11 | Earlham Savings Bank West Des Moines | Liberty Banshares Iowa Inc. Granger | Feb. 8 | Completed; April 14 | 1 | 13.1 | NA |
| 12 | First Savings Financial Group Inc. Clarksville, Ind. | First Financial Service Corp. Indiana | Feb. 8 | Completed; July 6 | 4 | 117.2 | 3.65 |
| 13 | CapStar Bank Nashville | Community First Inc. Franklin, Tenn. | Feb. 9 | Terminated; June 19 | 1 | 58.0 | 4.00 |
| 14 | Oconomowoc Bancshares Inc. Wis. | Equitable Bank SSB Wisconsin | Feb. 15 | Completed; June 15 | 2 | 53.7 | NA |
| 15 | Ames National Corp. Iowa | Liberty Banshares Iowa Inc. | Feb. 16 | Completed; April 27 | 2 | 94.0 | 5.74 |
| 16 | HCBF Holding Co. Inc. Palm City, Fla. | Grand Bankshares Inc. Florida | Feb. 17 | Definitive Agreement | 4 | 52.0 | 0.00 |
| 17 | Western State Agency Inc. Devils Lake, N.D. | Zions Bancorp. Casa Grande, Ariz. | Feb. 22 | Completed; June 8 | 1 | 7.4 | NA |
| 18 | People's United Financial Inc. Bridgeport, Conn. | Citizens Financial Group Inc. New York | Feb. 27 | Completed; June 22 | 59* | 325.0 | 1.00 |
| 19 | Northwoods Credit Union Cloquet, Minn. | North Shore Financial Corp. Cloquet, Minn. | Feb. 28 | Definitive Agreement | 1 | 6.8 | NA |
| 20 | Pioneer Bancorp Inc. Roswell, N.M. | Washington Federal Inc. El Paso, Texas | March 2 | Completed; June 22 | 2 | 20.0 | NA |
| 21 | GNB Bancorp. Grundy Center, Iowa | Liberty Banshares Iowa Inc. Iowa Falls | March 16 | Completed; May 4 | 1 | 31.0 | NA |
| 22 | Pacific Crest Federal Credit Union Klamath Falls, Ore. | PremierWest Bancorp California | March 16 | Completed; June 29 | 2 | 16.1 | NA |
| 23 | Flint Hills Bank Eskridge, Kan. | Burlingame Bankshares Inc. Kansas | March 19 | Completed; July 1 | 1 | 24.5 | NA |
| 24 | Cache Valley Banking Co. Logan, Utah | Village Bancorp Utah | March 20 | Definitive Agreement | 3 | 69.6 | 5.00 |
| 25 | Drayton Bancorp Inc. N.D. | Pembina County Bankshares Ltd. Minnesota | March 27 | Completed; June 4 | 2 | 32.8 | NA |
| 26 | Farmers State Bancshares Inc. Mason City, Iowa | Bank of America Corp. Clear Lake, Iowa | March 27 | Definitive Agreement | 1 | 21.5 | NA |
| 27 | Midwest Bancorp. Inc. Hopkins, Minn. | First National Financial Services Inc. Maple Lake, Minn. | March 28 | Definitive Agreement | 1 | 58.5 | NA |
| 28 | Decatur Investment Inc. Oberlin, Kan. | First National Bancshares Inc. Kansas | March 30 | Definitive Agreement | 3 | 72.3 | NA |
| 29 | DNB Financial Corp. Downingtown, Pa. | Capital Bancorp Inc. Boothwyn, Pa. | April 2 | Completed; June 11 | 1 | 17.0 | 0.82 |
| 30 | Heritage Financial Group Inc. Albany, Ga. | Community Capital Bancshares Inc. Auburn, Ala. | April 6 | Completed; June 29 | 1 | 20.0 | 1.00 |
| 31 | Life Design Holding Co, Fitchburg, Mass. | People's United Financial Inc. Leominster, Mass. | April 12 | Completed; May 25 | 1 | 13.4 | 2.40 |
| 32 | Banesco USA Coral Gables, Fla. | Flagler Bank Fort Lauderdale, Fla. | April 13 | Definitive Agreement | 1 | 18.7 | 0.25 |
| 33 | Genbeach Co. Inc. Beattyville, Ky. | First Farmers Bank Holding Co. Versailles, Ky. | April 19 | Definitive Agreement | 1 | 18.3 | NA |
| 34 | Camden National Corp. Maine | Bank of America Corp. Maine | April 23 | Definitive Agreement | 15 | 414.0 | 3.71 |
| 35 | Northwest Financial Corp. Arnolds Park, Iowa | Bank of America Corp. Sioux City, Iowa | April 23 | Definitive Agreement | 1 | 15.6 | NA |
| 36 | Northwest Financial Corp. Arnolds Park, Iowa | Bank of America Corp. Iowa | April 23 | Definitive Agreement | 4 | 85.1 | NA |
| 37 | Flint Hills Bancshares Inc. Gridley, Kan. | Marion Bancshares Inc. Emporia, Kan. | April 25 | Definitive Agreement | 1 | 3.4 | NA |
| 38 | BNC Bancorp High Point, N.C. | Hampton Roads Bankshares Inc. North Carolina | April 27 | Definitive Agreement | 2 | 48.2 | 1.14 |
| 39 | Bryn Mawr Bank Corp. Pa. | First Bank of Delaware Wilmington | April 27 | Definitive Agreement | 1 | 100.0 | 1.00 |
| 40 | First Bancorp Troy, N.C. | Hampton Roads Bankshares Inc. Wilmington, N.C. | April 27 | Definitive Agreement | 1 | 17.9 | 1.00 |
| 41 | Heartland Financial USA Inc. Dubuque, Iowa | Liberty Banshares Iowa Inc. Illinois and Iowa | May 2 | Definitive Agreement | 3 | 55.0 | NA |
| 42 | Bedison Bancshares Inc. Platte City, Mo. | UMB Financial Corp. Savannah, Mo. | May 10 | Definitive Agreement | 1 | 17.0 | NA |
| 43 | First Security Inc. Owensboro, Ky. | First Financial Service Corp. Louisville. Ky. | May 15 | Definitive Agreement | 4 | 217.0 | 1.66 |
| 44 | Chemical Financial Corp. Midland, Mich. | Independent Bank Corp. Michigan | May 23 | Definitive Agreement | 21 | 420.0 | 2.93 |
| 45 | Evolve Financial Group Inc. Cordova, Tenn. | Farmers Bancorp Inc. Oakland, Tenn. | June 4 | Terminated; June 15 | 1 | 59.3 | NA |
| 46 | Goldthwaite Bancshares Inc. Texas | First Baird Bancshares Inc. Brownwood, Texas | June 11 | Definitive Agreement | 1 | 9.4 | NA |
| 47 | M.S.B. Bancorp. Inc. Marion, Wis. | Baylake Corp. Wisconsin | June 19 | Definitive Agreement | 4 | 69.2 | NA |
| 48 | Eagle Bancorp Montana Inc. Helena, Mont. | Sterling Financial Corp. Montana | June 29 | Definitive Agreement | 7 | 187.0 | 3.88 |
Includes bank and thrift branch deals from Jan. 1, 2012, through June 30, 2012. Includes terminated deals. Data as of July 16, 2012. *Branches of RBS Citizens.
Source:
SNL Financial
, Charlottesville, Va. © 2012 American Banker