Bank and Thrift Branch Deals Announced in the Third Quarter of 2013
January 28, 2014, 2:17 p.m. EST 1 Min Read
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Bank and Thrift Branch Deals Announced in the Third Quarter of 2013
Bank and Thrift Branch Deals Announced in the Third Quarter of 2013Dollars in millions | |||||||
|---|---|---|---|---|---|---|---|
| Rank | Buyer | Target | Date of announcement | Status of deal | Number and location of branches sold | Deposits transferred | Franchise premium / deposits |
| 1 | HomeStreet Inc. Seattle | SKBHC Holdings LLC Wash. | July 1 | Pending | 2 | $36.5 | NA |
| 2 | Liberty Bancorp Inc. Mo. | Enterprise Financial Services Corp. Mo. | July 3 | Pending | 4 | 90.9 | NA |
| 3 | City State Bancorp. Inc. Central City, Iowa | Liberty Banshares Iowa Inc. | July 3 | Pending | 5 | 65.0 | NA |
| 4 | Eastwood Financial Corp. Rochester, Minn. | QCR Holdings Inc. Minn. | July 8 | Completed; Oct. 11 | 2 | 36.8 | NA |
| 5 | Community Bancshares of Mississippi Inc. Brandon | Summit Financial Enterprises Inc. Fla. | July 8 | Pending | 1 | 27.9 | NA |
| 6 | Cascade Bancorp Bend, Ore. | SKBHC Holdings LLC Ore. | July 8 | Pending | 3 | 26.7 | 1.04% |
| 7 | Chemung Financial Corp. Elmira, N.Y. | Bank of America Corp. N.Y. | July 10 | Pending | 6 | 261.0 | 1.50 |
| 8 | Peoples Savings Bank of Rhineland Mo. | New Frontier Bancshares Inc. Mo. | July 14 | Completed; Oct. 16 | 1 | 15.0 | NA |
| 9 | Sabine Bancshares Inc. Many, La. | Hancock Holding Co. La. | July 16 | Pending | 3 | 30.0 | NA |
| 10 | Washington Federal Inc. Seattle | Bank of America Corp. Idaho, N.M., Ore. & Wash. | July 18 | Pending | 51 | 1,753.1 | 2.60 |
| 11 | Machias Bancorp MHC Machias, Maine | SBM Financial Inc. Maine | July 19 | Pending | 6 | 76.6 | 3.85 |
| 12 | Texas Dow Employees Credit Union Lake Jackson | Hancock Holding Co. Texas | July 22 | Pending | 7 | 30.0 | NA |
| 13 | Berkshire Hills Bancorp Inc. Pittsfield, Mass. | Bank of America Corp. N.Y. | July 23 | Pending | 20 | 640.0 | 2.25 |
| 14 | Community Bank System Inc. DeWitt, N.Y. | Bank of America Corp. Pa. | July 23 | Pending | 8 | 369.0 | 2.37 |
| 15 | TexStar Bancshares Inc. Universal City, Texas | Nixon Bancshares Inc. San Antonio | July 31 | Completed; Oct. 9 | 1 | 15.8 | NA |
| 16 | Farmers and Merchants Bank Baldwyn, Miss. | Commonwealth Savingshares Corp. Miss. & Tenn. | Aug. 2 | Pending | 3 | 56.0 | NA |
| 17 | KeyWorth Bank Johns Creek, Ga. | Signature Bancshares Inc. Ga. | Aug. 5 | Pending | 1 | 30.2 | NA |
| 18 | ESSA Bancorp Inc. Stroudsburg, Pa. | First National Community Bancorp Inc. Pa. | Aug. 16 | Pending | 2 | 19.2 | NA |
| 19 | Community & Southern Holdings Inc. Atlanta | Community Bankers Trust Corp. Ga. | Aug. 19 | Pending | 4 | 192.3 | 1.33 |
| 20 | Pilot Bancorp Inc. Pilot Grove, Iowa | Logan Investment Corp. Iowa | Aug. 27 | Pending | 4 | 77.1 | NA |
| 21 | Carolina Financial Corp. Charleston, S.C. | First Federal of South Carolina MHC | Aug. 28 | Pending | 1 | 26.7 | 1.56 |
| 22 | River Valley Bancorp Madison, Ind. | Old National Bancorp Ind. | Sep. 4 | Pending | 1 | 8.5 | 2.00 |
| 23 | Great Plains Bancshares Inc. Hollis, Okla. | Consolidated Equity Corp. Okla. | Sep. 5 | Pending | 2 | 64.3 | NA |
| 24 | MainSource Financial Group Inc. Greensburg, Ind. | Old National Bancorp Ind. | Sep. 5 | Pending | 1 | 25.0 | NA |
| 25 | Iberiabank Corp. Lafayette, La. | Synovus Financial Corp. Tenn. | Sep. 6 | Pending | 6 | 205.0 | NA |
| 26 | Landmark Community Bank Collierville, Tenn. | Cadence Bancorp LLC Tenn. | Sep. 12 | Pending | 2 | 43.6 | NA |
| 27 | FirstBank Holding Co. Lakewood, Colo. | Western Community Bancshares Inc. Calif. | Sep. 30 | Pending | 1 | 66.0 | NA |
Note: Includes terminated deals. Status of deal shows status as of Oct. 18, 2013.
Source: SNL Financial, Charlottesville, Va.
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