Bank and Thrift Branch Deals in 2013
February 14, 2014, 5:01 p.m. EST 1 Min Read
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Bank and Thrift Branch Deals in 2013
Bank and Thrift Branch Deals in 2013Dollars in millions | |||||||
|---|---|---|---|---|---|---|---|
| Rank | Buyer | Target name | Date of announcement | Deal status | Branches | Premium / deposits | |
| Number sold | Deposit sold | ||||||
| 1 | Providence Bank, LLC IL | SBC, Inc. IL | Jan. 4 | Completed May 3 | 1 | $27,600 | 2.50 |
| 2 | Old National Bancorp IN | Bank of America Corp. | Jan. 9 | Completed July 12 | 24 | $778,800 | 2.94 |
| 3 | StellarOne Corp. VA | Village Bank and Trust Financial Corp. VA | Jan. 18 | Completed Mar 22 | 1 | 21,623 | 3.50 |
| 4 | Alcar, LLC NY | Patriot National Bancorp, Inc. CT | Jan. 25 | Completed May 3 | 1 | 25,000 | NA |
| 5 | Pacific Financial Corp. WA | Sterling Financial Corp. | Jan. 29 | Completed May 31 | 3 | 48,000 | 2.50 |
| 6 | Ohio Legacy Corp OH | National Bancshares Corp. OH | Feb. 4 | Completed June 14 | 1 | 16,000 | 5.25 |
| 7 | TrustAtlantic Financial Corp. NC | Community First Financial Group, Inc. NC | Feb. 4 | Completed May 17 | 1 | 26,700 | 1.85 |
| 8 | West Bend Bancorp. IA | Emmetsburg Bank Shares, Inc. IA | Feb. 7 | Completed April 26 | 1 | 15,147 | NA |
| 9 | Kerkhoven Bancshares, Inc. MN | Tysan Corp. MN | Feb. 7 | Completed April 1 | 1 | 16,269 | NA |
| 10 | Solera National Bancorp, Inc. CO | Liberty Capital, Inc. CO | Feb. 20 | Completed June 7 | NA | 12,000 | 5.85 |
| 11 | Platinum Bancshares of Texas, Inc. TX | Fort Davis Bancshares, Inc. TX | March 14 | Completed June 21 | 1 | 12,500 | 8.90 |
| 12 | First Financial Corp. IN | Bank of America Corp. IL | March 19 | Completed Aug. 16 | 9 | 252,000 | 2.75 |
| 13 | Union Bank & Trust Co. NC | Yadkin Valley Financial Corp. NC | March 21 | Completed July 12 | 1 | 20,000 | 2.00 |
| 14 | Cathay General Bancorp CA | SWNB Bancorp, Inc. NV | March 26 | Completed June 17 | 1 | 28,511 | NA |
| 15 | Trustmark Corp. MS | Commonwealth Savingshares Corp. MS | March 29 | Completed July 26 | 2 | 11,700 | NA |
| 16 | Howard Bancorp, Inc. MD | Cecil Bancorp, Inc. MD | April 1 | Completed Aug. 16 | 1 | 37,900 | 0.63 |
| 17 | First National Bancorp, Inc. AR | First Federal Bancshares of Arkansas, Inc. AR | April 19 | Completed June 21 | 1 | 21,800 | NA |
| 18 | Opus Bank CA | Zions Bancorporation CA | May 1 | Completed Aug. 16 | 4 | 138,300 | 3.20 |
| 19 | Cache Valley Banking Co. UT | SKBHC Holdings LLC UT | May 28 | Completed Aug. 9 | 8 | 160,201 | NA |
| 20 | Skowhegan Savings Bank ME | Camden National Corp. ME | May 29 | Completed Oct. 4 | 5 | 82,900 | 3.50 |
| 21 | United Community Bancorp, Inc. IL | Heartland Bancorp, Inc. | May 30 | Completed Oct. 4 | NA | 189,699 | NA |
| 22 | Macon-Atlanta Bancorp, Inc. MO | UMB Financial Corp. MO | May 30 | Completed Nov. 1 | 1 | 33,000 | 2.25 |
| 23 | SKBHC Holdings LLC WA | First PacTrust Bancorp, Inc. CA | June 3 | Completed Oct. 4 | 8 | 477,043 | 2.30 |
| 24 | Banner Corp. WA | SKBHC Holdings LLC WA | June 3 | Completed Aug. 23 | 1 | 10,100 | NA |
| 25 | Arneson Bancshares, Inc. IA | QCR Holdings, Inc. IA | June 4 | Completed Oct. 4 | 2 | 62,000 | NA |
| 26 | Monticello Bancshares, Inc. MO | Heartland Bancorp, Inc. MO | June 10 | Completed Nov. 15 | 1 | 13,000 | NA |
| 27 | Clark County Bancshares, Inc. MO | Heartland Bancorp, Inc. MO | June 18 | Completed Oct. 18 | 1 | 13,244 | NA |
| 28 | Coeur dAlene Bancorp ID | SKBHC Holdings LLC ID | June 21 | Completed Aug. 23 | 1 | 25,000 | 1.50 |
| 29 | TexStar Bancshares, Inc. TX | Nixon Bancshares, Inc. TX | July 3 | Completed Sep. 20 | 1 | 15,148 | NA |
| 30 | Eastwood Financial Corp. MN | QCR Holdings, Inc. MN | July 8 | Completed Oct. 11 | 2 | 36,800 | NA |
| 31 | Cascade Bancorp OR | SKBHC Holdings LLC OR | July 8 | Completed Oct. 18 | NA | 26,700 | 1.04 |
| 32 | HomeStreet, Inc. WA | SKBHC Holdings LLC WA | July 9 | Completed Dec. 6 | 2 | 40,000 | NA |
| 33 | Chemung Financial Corp. NY | Bank of America Corp. NY | July 11 | Completed Nov. 22 | 6 | 260,900 | 1.50 |
| 34 | First Security Bancorp AR | First Federal Bancshares of Arkansas, Inc. AR | July 15 | Completed Sep. 27 | 1 | 10,723 | 2.00 |
| 35 | Peoples Savings Bank of Rhineland MO | New Frontier Bancshares, Inc. MO | July 16 | Completed Oct. 16 | 1 | 15,000 | NA |
| 36 | Partnership Community Bancshares, Inc. WI | Tri City Bankshares Corp. WI | July 17 | Pending | 2 | 28,481 | NA |
| 37 | Washington Federal, Inc. WA | Bank of America Corp. | July 18 | Completed Dec. 6 | 51 | 1,500,000 | 2.60 |
| 38 | City State Bancorporation, Inc. IA | Liberty Banshares Iowa, Inc. IA | July 18 | Completed Nov. 1 | 5 | 65,000 | NA |
| 39 | Sabine Bancshares, Inc. LA | Hancock Holding Co. LA | July 22 | Pending | 3 | 30,000 | NA |
| 40 | Texas Dow Employees Credit Union TX | Hancock Holding Co. TX | July 22 | Completed Nov. 8 | 7 | 30,000 | NA |
| 41 | Machias Bancorp, MHC ME | SBM Financial, Inc. ME | July 22 | Completed Dec. 13 | 6 | 76,625 | 3.85 |
| 42 | Berkshire Hills Bancorp, Inc. MA | Bank of America Corp. NY | July 24 | Pending | 20 | 640,000 | 2.25 |
| 43 | Community Bank System, Inc. NY | Bank of America Corp. PA | July 24 | Completed Dec. 13 | 8 | 340,000 | 2.37 |
| 44 | Greenwoods Financial Group, Inc. WI | Associated Banc-Corp WI | July 25 | Completed Dec. 16 | 1 | 19,154 | NA |
| 45 | Hyde Park Bancorp, MHC MA | Santander Holdings USA, Inc. MA | Aug. 5 | Pending | 3 | 285,999 | NA |
| 46 | First Berlin Bancorp, Inc. WI | Baylake Corp. WI | Aug. 5 | Completed Nov. 8 | NA | 26,000 | NA |
| 47 | Farmers & Merchants Bancorp, Inc. OH | Croghan Bancshares, Inc. OH | Aug. 7 | Completed Dec. 13 | 1 | 29,500 | 4.02 |
| 48 | Farmers and Merchants Bank MS | Commonwealth Savingshares Corp. | Aug. 9 | Pending | 3 | 56,000 | NA |
| 49 | Community Bancshares of Mississippi, Inc. MS | Summit Financial Enterprises, Inc. FL | Aug. 13 | Completed Nov. 12 | 1 | 27,920 | NA |
| 50 | ESSA Bancorp, Inc. PA | First National Community Bancorp, Inc. PA | Aug. 16 | Pending | 2 | 19,154 | 5.40 |
| 51 | Community & Southern Holdings, Inc. GA | Community Bankers Trust Corp. GA | Aug. 19 | Completed Nov. 8 | 4 | 192,267 | 1.33 |
| 52 | KeyWorth Bank GA | Signature Bancshares, Inc. GA | Aug. 19 | Completed Dec. 27 | 1 | 30,200 | NA |
| 53 | Liberty Bancorp, Inc. MO | Enterprise Financial Services Corp MO | Aug. 26 | Completed Dec. 6 | NA | 81,298 | NA |
| 54 | Merchants Financial Group, Inc. MN | Associated Banc-Corp MN | Aug. 27 | Completed Nov. 15 | NA | 47,000 | NA |
| 55 | Carolina Financial Corp. SC | First Federal of South Carolina, FSB (MHC) SC | Aug. 28 | Pending | 1 | 26,700 | 1.56 |
| 56 | Pilot Bancorp, Inc. IA | Logan Investment Corp. IA | Sep. 3 | Completed Dec. 6 | 4 | 77,097 | NA |
| 57 | River Valley Bancorp IN | Old National Bancorp IN | Sep. 5 | Completed Nov. 22 | 1 | 8,500 | 2.00 |
| 58 | MainSource Financial Group, Inc. IN | Old National Bancorp IN | Sep. 5 | Completed Dec. 9 | NA | 25,000 | 3.00 |
| 59 | Great Plains Bancshares, Inc. OK | Consolidated Equity Corp. OK | Sep. 5 | Pending | 2 | 64,261 | NA |
| 60 | IBERIABANK Corp. LA | Synovus Financial Corp. TN | Sep. 6 | Pending | 6 | 205,000 | NA |
| 61 | Landmark Community Bank TN | Cadence Bancorp, LLC TN | Sep. 12 | Pending | 2 | 43,563 | NA |
| 62 | Westby Co-op Credit Union WI | Citizens Community Bancorp, Inc. WI | Sep. 19 | Pending | NA | NA | NA |
| 63 | Honor Credit Union MI | Edgewater Bank MI | Sep. 24 | Pending | 1 | 15,296 | 0.00 |
| 64 | FirstBank Holding Co. CO | Western Community Bancshares, Inc. CA | Sep. 30 | Completed Nov. 22 | 1 | 66,000 | NA |
| 65 | Commercial Financial Corp IA | Liberty Banshares Iowa, Inc. IA | Oct. 4 | Completed Dec. 27 | 7 | 150,000 | NA |
| 66 | Bank of Southern California, National Association CA | SKBHC Holdings LLC CA | Oct. 9 | Pending | 1 | 18,839 | NA |
| 67 | Nacogdoches Commercial Bancshares, Inc. TX | First Bancshares of Texas, Inc. TX | Oct. 16 | Completed Dec. 6 | 1 | 31,939 | NA |
| 68 | Home Bancshares, Inc. TN | Farmers and Merchants Bank TN | Oct. 21 | Pending | NA | 4,949 | 0.00 |
| 69 | OceanPoint Financial Partners, MHC RI | Randolph Bancorp RI | Nov. 6 | Pending | 2 | 37,000 | NA |
| 70 | First Trust Financial Corp. KY | First Southern Bancorp, Inc. KY | Nov. 6 | Pending | 3 | 41,602 | 5.36 |
| 71 | Baylake Corp. WI | Community Banc-Corp of Sheboygan, Inc. WI | Nov. 11 | Pending | 1 | 14,000 | NA |
| 72 | Merchants Financial Group, Inc. MN | Alliance Financial Services, Inc. WI | Nov. 19 | Pending | NA | 48,000 | NA |
| 73 | RMB Bancshares, Inc. MO | UMB Financial Corp. MO | Nov. 21 | Pending | 1 | 23,775 | 1.77 |
| 74 | Wintrust Financial Corp. IL | EB Financial Group, Inc. IL | Dec. 11 | Pending | 1 | 23,000 | NA |
| 75 | BB&T Corp. NC | Citigroup Inc. TX | Dec. 18 | Pending | 21 | 1,200,000 | 3.00 |
Note: Based on value of deal at announcement. Includes whole bank and thrift deals from Jan. 1, 2013, through Dec. 31, 2013. Status of deal reflects status as of Dec. 31, 2013.
Source: SNL Financial, Charlottesville, Va.
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