Bank and Thrift Branch Deals Announced in the First Quarter of 2012
May 21, 2012, 1:48 p.m. EDT 1 Min Read
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Bank and Thrift Branch Deals Announced in the First Quarter of 2012
Bank and Thrift Branch Deals Announced in the First Quarter 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 branches in Galesburg, Ill. | Jan. 5 | Pending | 2 | $66.0 | 6.25% |
| 2 | Banesco USA Coral Gables, Fla. | Great Florida Bank branch in Weston | Jan. 6 | Pending | 1 | 15.7 | NA |
| 3 | KeyCorp Cleveland | First Niagara Financial Group Inc. branches in New York | Jan. 11 | Pending | 37 | 2,500.0 | 4.60 |
| 4 | Wintrust Financial Corp. Lake Forest, Ill. | Suburban Illinois Bancorp Inc. branch in Orland Park | Jan. 13 | Pending | 1 | 50.0 | 3.60 |
| 5 | Pecos County Bancshares Inc. Fort Stockton, Texas | Western Bancshares Inc. branch in Van Horn, Texas | Jan. 17 | Pending | 1 | 18.7 | 3.00 |
| 6 | Community Bank System Inc. DeWitt, N.Y. | First Niagara Financial Group Inc. branches in New York | Jan. 19 | Pending | 19 | 955.0 | 3.22 |
| 7 | Financial Institutions Inc. Warsaw, N.Y. | First Niagara Financial Group Inc. branches in New York | Jan. 19 | Pending | 8 | 376.0 | 4.00 |
| 8 | Town and Country Financial Corp. Springfield, Ill. | Associated Banc-Corp branch in Quincy, Ill. | Jan. 24 | Pending | 1 | 61.0 | NA |
| 9 | Undisclosed buyer | First Banks Inc. branches in Florida | Jan. 25 | Pending | 19 | 345.9 | 2.30 |
| 10 | Premara Financial Inc. Washington | Palmetto Bancshares Inc. branches in South Carolina | Jan. 27 | Pending | 2 | 47.8 | 1.75 |
| 11 | Earlham Savings Bank West Des Moines, Iowa | Liberty Banshares Iowa Inc. branch in Granger, Iowa | Feb. 8 | Completed; April 14 | 1 | 13.1 | NA |
| 12 | First Savings Financial Group Inc. Clarksville, Ind. | First Financial Service Corp. branches in Indiana | Feb. 8 | Pending | 4 | 117.2 | 3.65 |
| 13 | CapStar Bank Nashville, Tenn. | Community First Inc. branch in Franklin, Tenn. | Feb. 9 | Pending | 1 | 58.0 | 4.00 |
| 14 | Oconomowoc Bancshares Inc. Wis. | Equitable Bank SSB branches in Wisconsin | Feb. 15 | Pending | 2 | 53.7 | NA |
| 15 | Ames National Corp. Iowa | Liberty Banshares Iowa Inc. branches in Iowa | Feb. 16 | Pending | 2 | 94.0 | 5.74 |
| 16 | HCBF Holding Co. Inc. Palm City, Fla. | Grand Bankshares, Inc. branches in Florida | Feb. 17 | Pending | 4 | 96.4 | NA |
| 17 | Western State Agency Inc. Devils Lake, N.D. | Zions Bancorp. branch in Casa Grande, Ariz. | Feb. 22 | Pending | 1 | 7.4 | NA |
| 18 | People's United Financial Inc. Bridgeport, Conn. | Citizens Financial Group Inc. branches in New York | Feb. 27 | Pending | 56 | 325.0 | 1.00 |
| 19 | Pioneer Bancorp Inc. Roswell, N.M. | Washington Federal Inc. branches in El Paso, Texas | March 2 | Pending | 2 | 20.0 | NA |
| 20 | GNB Bancorp. Grundy Center, Iowa | Liberty Banshares Iowa Inc. branch in Iowa Falls | March 16 | Pending | 1 | 31.0 | NA |
| 21 | Flint Hills Bank Eskridge, Kan. | Burlingame Bankshares Inc. branch in Burlingame, Kan. | March 19 | Pending | 1 | 24.5 | NA |
| 22 | Pacific Crest Federal Credit Union Klamath Falls, Ore. | PremierWest Bancorp branches in Calif. | March 19 | Pending | 2 | 16.1 | NA |
| 23 | Drayton Bancor Inc. N.D. | Pembina County Bankshares Ltd. branches in Minnesota | March 27 | Pending | 2 | 32.8 | NA |
| 24 | Midwest Bancorp. Inc. Hopkins, Minn. | First National Financial Services Inc. branch in Maple Lake, Minn. | March 28 | Pending | 1 | 58.5 | NA |
Includes bank and thrift branch deals from Jan. 1, 2012, through March 31, 2012. Includes terminated deals. Data as of April 16, 2012.
Source:
SNL Financial
, Charlottesville, Va. © 2012 American Banker