Bank and Thrift Branch Deals Announced in the Third Quarter of 2012
January 22, 2013, 7:37 p.m. EST 1 Min Read
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Bank and Thrift Branch Deals Announced in the Third Quarter of 2012
Bank and Thrift Branch Deals Announced in the Third Quarter of 2012Ranked by announcement date | |||||||
---|---|---|---|---|---|---|---|
Rank | Buyer | Target | Date of announcement | Status of deal | Branches | Premium/ deposits | |
Number sold | Deposit sold ($ millions) | ||||||
1 | Opus Bank Irvine, Calif. | PacWest Bancorp branches in California | July 6 | Completed Sep. 21 | 10 | 143.0 | 2.50% |
2 | First Bank Conroe, Texas | JLL Associates G.P. branch in Huntsville, Texas | July 7 | Pending | 1 | 8.1 | NA |
3 | Apple Financial Holdings Inc. New York | New York Private Bank and Trust Corp. branches | July 8 | Pending | 30 | 3,300.0 | NA |
4 | Bancorp of Okolona Inc. Miss. | OmniBank branch in Mantee, Miss. | July 9 | Pending | 1 | 20.1 | 1.00 |
5 | East River Bank Philadelphia | Tompkins Financial Corp. branch in Philadelphia | July 10 | Pending | 1 | 5.5 | NA |
6 | Urban Partnership Bank Chicago | Northern Trust Corp. branch in Chicago | July 11 | Pending | 1 | 45.0 | NA |
7 | Mid-America Bankshares Inc. Baldwin City, Kan. | Garnett Bancshares Inc. branch in Wellsville, Kan. | Aug 3 | Pending | 1 | 5.0 | NA |
8 | Peoples Holding Co. Inc. Coldwater, Ohio | Mercer Savings Bank branches in Ohio | Aug 3 | Pending | 2 | 15.3 | 1.62 |
9 | Everest Bancshares Inc. Kan. | JTB Bancshares Inc. branches in Kansas | Aug. 6 | Pending | 2 | 31.5 | NA |
10 | General Bancshares Inc. Jasper, Tenn. | Commerce Bancshares Inc. branches in Tennessee | Aug. 9 | Pending | 4 | 48.0 | 3.00 |
11 | First Eldorado Bancshares Inc. Ill. | Old National Bancorp branches in Illinois | Aug. 14 | Pending | 2 | 46.3 | 1.11 |
12 | Hardin County Bancorp Inc. Rosiclare, Ill. | Old National Bancorp branches in Illinois | Aug. 14 | Pending | 2 | 33.5 | 0.30 |
13 | Planters Financial Group Inc. Clarksville, Tenn. | Old National Bancorp branches in Kentucky | Aug. 14 | Pending | 6 | 96.0 | 2.53 |
14 | Old Florida Bancshares Inc. Orlando | Floridian Financial Group Inc. branch in Crystal River | Aug. 17 | Pending | 1 | 44.9 | 0.00 |
15 | Town & Country Bancshares LLC Guthrie, Okla. | First Commercial Bancshares Inc. bramch in Norman, Okla. | Aug. 20 | Pending | 1 | 13.0 | NA |
16 | MainSource Financial Group Inc. Greensburg, Ind. | American Founders Bancorp Inc. branch in Shelbyville, Ky. | Aug. 28 | Pending | 1 | 37.0 | NA |
17 | Sagebrush Partners LLLP Grand Junction, Colo. | Western Community Bancshares Inc. branch in Park City, Utah | Aug. 28 | Pending | 1 | 35.0 | 2.00 |
18 | Tristar Bancshares Inc. Dickson, Tenn. | Tennessee Central Bancshares Inc. branches | Aug. 31 | Pending | 2 | 60.1 | NA |
19 | FirstAtlantic Financial Holdings Inc. Jacksonville, Fla. | Prosperity Banking Co. branch in Jacksonville, Fla. | Sep. 7 | Pending | 1 | 16.8 | NA |
20 | Liberty Financial Services of St. Cloud Inc. Minn. | Wabasso Bancshares Inc. branch in Sartell, Minn. | Sep. 7 | Pending | 1 | 5.3 | NA |
21 | Forward Mutual Holding Co. Marshfield, Wis. | Central Wisconsin Bancorp. Inc. branches | Sep. 14 | Pending | 3 | NA | NA |
22 | First Citizens Bancshares Inc. Dyersburg, Tenn. | Community First Inc. branch in Franklin, Tenn. | Sep. 17 | Pending | 1 | 56.0 | 4.00 |
23 | Fidelity BancShares (N.C.) Inc. Fuquay-Varina | Security Savings Bank SSB branch in Liberty, N.C. | Sep. 27 | Pending | 1 | 19.6 | NA |
24 | Heritage Oaks Bancorp Paso Robles, Calif. | Coast Bancorp branch in Morro Bay, Calif. | Sep. 27 | Pending | 1 | 30.0 | 2.20 |
Includes bank and thrift branch deals from July 1, 2012, through Sept. 31, 2012. Includes terminated deals. Data as of Oct. 15, 2012.
Source:
SNL Financial
, Charlottesville, Va. © 2013 American Banker