Bank and Thrift Branch Deals Announced in the First Quarter of 2013

June 12, 2013, 2:10 p.m. EDT 1 Min Read

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Bank and Thrift Branch Deals Announced in the First Quarter of 2013Dollars in millions Published June 12, 2013
Rank	Buyer	Seller	Number and location of branches sold	Date of announcement	Status of deal	Deposits transferred	Franchise premium / deposits
1	Alcar LLC New York	Patriot National Bancorp Inc.	One branch in Southport, Conn.	Jan. 7	Definitive Agreement	$25.0	NA
2	Kerkhoven Bancshares Inc. Minn.	Tysan Corp.	One branch in Albertville, Minn.	Jan. 7	Definitive Agreement	16.3	NA
3	Old National Bancorp Evansville, Ind.	Bank of America Corp.	24 branches in Indiana and Michigan	Jan. 8	Definitive Agreement	778.8	2.94%
4	StellarOne Corp. Charlottesville, Va.	Village Bank and Trust Financial Corp.	One branch in Richmond, Va.	Jan. 18	Completed; March 22	21.5	3.50
5	West Bend Bancorp. Iowa	Emmetsburg Bank Shares Inc.	One branch in Laurens, Iowa	Jan. 25	Definitive Agreement	15.1	NA
6	Pacific Financial Corp. Aberdeen, Wash.	Sterling Financial Corp.	Three branches in Oregon and Washington	Jan. 28	Definitive Agreement	48.0	2.50
7	TrustAtlantic Financial Corp. Raleigh, N.C.	Community First Financial Group Inc.	One branch in Raleigh, N.C.	Jan. 31	Definitive Agreement	26.7	1.85
8	Ohio Legacy Corp. North Canton	National Bancshares Corp.	One branch in Fairlawn, Ohio	Feb. 1	Definitive Agreement	16.0	5.25
9	Platinum Bancshares of Texas Lubbock	Fort Davis Bancshares Inc.	One branch in Odessa, Texas	March 12	Definitive Agreement	12.5	8.90
10	First Financial Corp. Terre Haute, Ind.	Bank of America Corp.	Nine branches in Illinois	March 18	Definitive Agreement	252.0	NA
11	Union Bank & Trust Co. Oxford, N.C.	Yadkin Valley Financial Corp.	One branch in Creedmoor, N.C.	March 18	Definitive Agreement	20.0	2.00
12	Howard Bancorp Inc. Ellicott City, Md.	Cecil Bancorp Inc.	One branch in Aberdeen, Md.	March 28	Definitive Agreement	37.9	NA
13	Trustmark Corp. Jackson, Miss.	Commonwealth Savingshares Corp.	Two branches in Oxford, Miss.	March 29	Definitive Agreement	11.8	NA

Note: Includes terminated deals. Status of deal shows status as of March 31, 2013.
Source:

SNL Financial