Bank and Thrift Branch Deals Announced in the First Half of 2013
August 09, 2013, 5:17 p.m. EDT 1 Min Read
View Table
Printer Friendly Version
Bank and Thrift Branch Deals Announced in the First Half of 2013
Bank and Thrift Branch Deals Announced in the First Half of 2013Ranked by announcement date | |||||||
|---|---|---|---|---|---|---|---|
| Rank | Buyer | Target | Date of announcement | Status of deal | Branches | Franchise Premium/ deposits (%) | |
| Number sold | Deposit transferred ($ millions) | ||||||
| 1 | Kerkhoven Bancshares Inc. Minn. | Tysan Corp. Minn. | Jan. 7 | Completed; April 1 | 1 | $16.3 | NA |
| 2 | Alcar LLC New York | Patriot National Bancorp Inc. Conn. | Jan. 7 | Completed; May 3 | 1 | 25.0 | NA |
| 3 | Old National Bancorp Evansville, Ind. | Bank of America Corp. Ind. & Mich. | Jan. 8 | Completed; July 12 | 24 | 778.8 | 2.94 |
| 4 | StellarOne Corp. Charlottesville, Va. | Village Bank and Trust Financial Corp. Va. | Jan. 18 | Completed; March 22 | 1 | 21.5 | 3.50 |
| 5 | West Bend Bancorp. Iowa | Emmetsburg Bank Shares Inc. Iowa | Jan. 25 | Completed; April 26 | 1 | 15.1 | NA |
| 6 | Pacific Financial Corp. Aberdeen, Wash. | Sterling Financial Corp. Ore. & Wash. | Jan. 28 | Pending | 3 | 48.0 | 2.50 |
| 7 | TrustAtlantic Financial Corp. Raleigh | Community First Financial Group Inc. N.C. | Jan. 31 | Completed; May 17 | 1 | 26.7 | 1.85 |
| 8 | Ohio Legacy Corp North Canton | National Bancshares Corp. Ohio | Feb. 1 | Completed; June 14 | 1 | 16.0 | 5.25 |
| 9 | Cathay General Bancorp El Monte, Calif. | SWNB Bancorp Inc. Nev. | Feb. 28 | Completed; June 17 | 1 | 28.5 | NA |
| 10 | United Community Bancorp Inc. Chatham, Ill. | Heartland Bancorp Inc. Ill. & Mo. | March 11 | Pending | 7 | 189.7 | NA |
| 11 | Platinum Bancshares of Texas Inc. Lubbock | Fort Davis Bancshares Inc. Texas | March 12 | Completed; June 21 | 1 | 12.5 | 8.90 |
| 12 | Union Bank & Trust Co. Oxford, N.C. | Yadkin Valley Financial Corp. N.C. | March 18 | Completed; July 12 | 1 | 20.0 | 2.00 |
| 13 | First Financial Corp. Terre Haute, Ind. | Bank of America Corp. Ill. | March 18 | Pending | 9 | 252.0 | NA |
| 14 | Trustmark Corp. Jackson, Miss. | Commonwealth Savingshares Corp. Miss. | March 22 | Pending | 2 | 11.8 | NA |
| 15 | Howard Bancorp Inc. Ellicott City, Md. | Cecil Bancorp Inc. Md. | March 28 | Pending | 1 | 37.9 | NA |
| 16 | First National Bancorp Inc. Green Forest, Ark. | First Federal Bancshares of Arkansas Inc. | April 1 | Completed; June 21 | 1 | 21.8 | NA |
| 17 | Macon-Atlanta Bancorp Inc. Macon, Mo. | UMB Financial Corp.Mo. | April 5 | Pending | 1 | 33.0 | NA |
| 18 | Opus Bank Irvine, Calif. | Zions Bancorp. Calif. | April 30 | Pending | 4 | 138.3 | 3.20 |
| 19 | Monticello Bancshares Inc. Mo. | Heartland Bancorp Inc. Mo. | May 18 | Pending | 1 | 13.0 | NA |
| 20 | Cache Valley Banking Co. Logan, Utah | SKBHC Holdings LLC Utah | May 28 | Pending | 8 | 160.2 | NA |
| 21 | Skowhegan Savings Bank Maine | Camden National Corp. Maine | May 28 | Pending | 5 | 82.9 | 3.50 |
| 22 | Banner Corp. Walla Walla, Wash. | SKBHC Holdings LLC Wash. | May 30 | Pending | 1 | 10.1 | NA |
| 23 | Clark County Bancshares Inc. Wyaconda, Mo. | Heartland Bancorp Inc. Mo. | May 30 | Pending | 1 | 13.2 | NA |
| 24 | Coeur d'Alene Bancorp Idaho | SKBHC Holdings LLC Idaho | May 30 | Pending | 1 | 25.0 | 1.50 |
| 25 | SKBHC Holdings LLC Seattle | First PacTrust Bancorp Inc. Calif. | May 31 | Pending | 8 | 477.0 | 2.30 |
| 26 | Arneson Bancshares Inc. Clear Lake, Iowa | QCR Holdings Inc. Iowa | June 4 | Pending | 2 | 62.0 | NA |
| 27 | Partnership Community Bancshares Inc. Cedarburg, Wis. | Tri City Bankshares Corp. Wis. | June 4 | Pending | 2 | 28.5 | NA |
| 28 | First Security Bancorp Searcy, Ark. | First Federal Bancshares of Arkansas Inc. | June 24 | Pending | 1 | 10.7 | NA |
Includes terminated deals. Status of deal shows status as of July 19, 2013.
Source:
SNL Financial
, Charlottesville, Va. © 2013 American Banker