Bank and Thrift Branch Deals in 2014
March 16, 2015, 12:00 a.m. EDT 1 Min Read
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Bank and Thrift Branch Deals in 2014
Bank and Thrift Branch Deals in 2014Dollars in millions | |||||
|---|---|---|---|---|---|
| Buyer | Target name | Date of announcement | Branches | Premium / deposits | |
| Number sold | Deposit sold | ||||
| First State Bancorp Inc. Ohio | Camco Financial Corp. Ohio | Jan. 2 | 1 | $40,000 | 1.33 |
| Ohnward Bancshares Inc. Iowa | River Valley Bancorp Inc. Iowa | Jan. 6 | 1 | 34,200 | NA |
| U.S. Bancorp Minn. | Royal Bank of Scotland Group PLC | Jan. 7 | 103 | 5,277,000 | 6.00 |
| Merchants Bancorp Inc. Ohio | DCB Financial Corp. Ohio | Jan. 10 | 1 | 24,000 | 2.00 |
| Vantage Bancshares Inc. Ala. | Merchants & Marine Bancorp Inc. Miss. | Jan. 13 | 1 | 28,464 | NA |
| Great Southern Bancorp Inc. Mo. | Scottrade Financial Services Inc. Mo. | Jan. 14 | 2 | 65,000 | 1.69 |
| Myers BancShares Inc. Okla. | Southwest Bancorp Inc. Okla. | Jan. 16 | 2 | 123,000 | NA |
| Fidelity Financial Corp. Kan. | Southwest Bancorp Inc. Okla. | Jan. 16 | 1 | 10,600 | NA |
| PSB Holdings Inc. Wis. | Baraboo Bancorp. Inc. Wis. | Jan. 22 | 1 | 44,000 | 1.49 |
| Sword Financial Corp. Wis. | Baraboo Bancorp. Inc. Wis. | Jan. 22 | 1 | 59,202 | 4.00 |
| Peoples Bancorp Inc. Wis. | Baraboo Bancorp. Inc. Wis. | Jan. 22 | 2 | 60,600 | NA |
| Washington Federal Inc. Wash. | Bank of America Corp. N.C. | Jan. 23 | 23 | 609,859 | 1.30 |
| Cathay General Bancorp Calif. | Gateway Bank FSB Calif. | Jan. 23 | 1 | 36,176 | NA |
| Salisbury Bancorp Inc. Conn. | Union Savings Bank Conn. | Jan. 31 | 1 | 20,000 | 2.32 |
| Great Southern Bancorp Inc. Mo. | Scottrade Financial Services Inc. Mo. | Jan. 31 | NA | 39,000 | NA |
| Grandpoint Capital Inc. Calif. | Wedbush Inc. Calif. | Feb. 5 | 1 | 102,000 | NA |
| Commonwealth Holdings LLC Ky. | MSB Capital Corp. Ohio | Feb. 17 | 1 | 17,371 | 1.75 |
| Banner Corp. Wash. | Umpqua Holdings Corp. Ore. | Feb. 19 | 6 | 226,000 | NA |
| Lumbee Guaranty Bank N.C. | Southern BancShares (N.C.) Inc. | Feb. 21 | 1 | 23,000 | NA |
| RCB Holding Co. Inc. Okla. | Spirit BankCorp Inc. Okla. | Feb. 26 | 7 | 243,994 | 3.33 |
| Ottawa Bancshares Inc. Kan. | Bank of America Corp. N.C. | Feb. 26 | 1 | 43,166 | NA |
| Ottawa Bancshares Inc. Kan. | Bank of America Corp. N.C. | Feb. 26 | 3 | 78,398 | NA |
| Ottawa Bancshares Inc. Kan. | Bank of America Corp. N.C. | Feb. 26 | 4 | 155,684 | NA |
| Commercial Bank Kan. | Bank of America Corp. N.C. | Feb. 28 | 3 | 92,120 | NA |
| Peoples State Bank of Newton Ill. | Fairfield Bancshares Inc. Ill. | March 3 | 1 | 11,975 | NA |
| Wells Financial Corp. Minn. | Frandsen Financial Corp. Minn. | March 13 | 1 | 13,568 | NA |
| Wintrust Financial Corp. Ill. | Urban Partnership Bank Ill. | March 15 | 1 | 4,993 | 12.02 |
| New Era Bancorp. Inc. Mo. | Commerce Bancshares Inc. Mo. | March 17 | 3 | 75,000 | NA |
| Delaware Bancshares Inc. N.Y. | Bank of America Corp. N.C. | April 1 | 6 | 143,375 | 1.75 |
| Sound Banking Co. N.C. | VantageSouth Bancshares Inc. N.C. | April 3 | 1 | 16,700 | 2.23 |
| Wintrust Financial Corp. Ill. | Triumph Consolidated Cos. LLC Texas | April 7 | 1 | 40,000 | 26.25 |
| Huntington Bancshares Inc. Ohio | Bank of America Corp. N.C. | April 9 | 11 | 450,000 | 3.50 |
| Wintrust Financial Corp. Ill. | Talmer Bancorp Inc. Mich. | April 9 | 12 | 360,000 | 3.36 |
| First Bancorp of Durango Inc. Ill. | Talmer Bancorp Inc. Mich. | April 9 | 1 | 37,500 | 4.27 |
| HCBF Holding Co. Inc. Fla. | Popular Inc. Puerto Rico | April 23 | 9 | 239,000 | NA |
| Banc of California Inc. Calif. | Popular Inc. Puerto Rico | April 23 | 20 | 1,132,000 | 0.50 |
| First Midwest Bancorp Inc. Ill. | Popular Inc. Puerto Rico | April 23 | 12 | 738,000 | 2.50 |
| Howard Bancorp Inc. Md. | Rising Sun Bancorp Md. | April 24 | 1 | 21,000 | 1.83 |
| Yellowstone Holding Co. Mont. | 1st United Bancorp. Inc. Mont. | April 25 | 1 | 110,000 | NA |
| Merchants and Farmers Bancshares Inc. Ala. | Community Bankshares Inc. Ga. | May 1 | 1 | 5,234 | NA |
| First Farmers Financial Corp. Ind. | Bank of Montreal | May 8 | 7 | 134,000 | NA |
| First Illinois Corp. | Marshall-Putnam County Bancorp. Inc. Ill. | May 9 | 2 | 28,090 | NA |
| Undisclosed Buyer | Acme Holding Co. Inc. Ark. | May 12 | 3 | 53,620 | 3.73 |
| Central Bancompany Inc. Mo. | First State Bancshares Inc. Mo. | May 13 | 1 | 13,000 | NA |
| Huntington Bancshares Inc. Ohio | Bank of America Corp. N.C. | May 14 | 13 | 500,000 | 3.50 |
| Sound Financial Bancorp Inc. Wash. | Columbia Banking System Inc. Wash. | May 16 | 3 | 25,000 | 2.35 |
| Platte Valley Financial Service Cos. Inc. Neb. | Crazy Woman Creek Bancorp Inc. Wyo. | May 19 | 1 | 11,895 | 3.85 |
| Eagle Investment Co. Inc. Minn. | SKBHC Holdings LLC Wash. | May 21 | 1 | 16,511 | 2.00 |
| First Horizon National Corp. Tenn. | Bank of America Corp. N.C. | May 28 | 13 | 660,000 | 3.32 |
| Florida Central Credit Union | First Federal Bancorp MHC Fla. | May 28 | 1 | 14,921 | NA |
| Fidelity Southern Corp. Ga. | CenterState Banks Inc. Fla. | June 5 | 5 | 200,000 | 1.50 |
| HomeTrust Bancshares Inc. N.C. | Bank of America Corp. N.C. | June 10 | 9 | 504,000 | 2.86 |
| First Community Bancshares Inc. Va. | Bank of America Corp. N.C. | June 10 | 7 | 448,000 | 1.75 |
| Southern Bancorp Inc. Ark. | Simmons First National Corp. Ark. | June 18 | 1 | 10,307 | 0.00 |
| One Corp. Wis. | Frandsen Financial Corp. Minn. | June 19 | 1 | 16,136 | NA |
| First Community Corp. S.C. | First South Bancorp Inc. S.C. | June 23 | NA | 43,000 | 1.86 |
| Sturdy Savings Bank N.J. | Sun Bancorp Inc. N.J. | July 2 | 7 | 182,000 | 8.76 |
| Claremont Savings Bank N.H. | Brattleboro Savings & Loan Association Vt. | July 11 | 1 | 18,000 | NA |
| WSB Bancshares Inc. Texas | ONB Bancshares Inc. Texas | July 16 | 1 | 12,938 | NA |
| Farmers State Bank Kan. | Heartland Financial USA Inc. Iowa | July 29 | 1 | 29,276 | NA |
| Astra Financial Corp. Kan. | Equity Bancshares Inc. Kan. | Aug. 1 | 2 | 15,000 | NA |
| Carolina Financial Corp. S.C. | First Community Bancshares Inc. Va. | Aug. 7 | 13 | 229,800 | 3.11 |
| CIC Bancshares Inc. Colo. | Mutual of Omaha Insurance Co. Neb. | Aug. 8 | 5 | 237,323 | NA |
| Nebraska Bankshares Inc. | NebraskaLand Financial Services Inc. | Aug. 13 | 1 | 27,919 | NA |
| Cardinal Financial Corp. Va. | Eagle Bancorp Inc. Md. | Sept. 2 | 1 | 60,000 | 0.33 |
| BB&T Corp. N.C. | Citigroup Inc. N.Y. | Sept. 3 | 41 | 2,300,000 | 5.30 |
| First South Bancorp Inc. N.C. | Bank of America Corp. N.C. | Sept. 3 | 9 | 261,400 | 1.35 |
| AIM Bancshares Inc. Texas | Waupaca Bancorp. Inc. Wis. | Sept. 10 | 2 | 180,000 | 5.08 |
| Bethpage Federal Credit Union N.Y. | City National Bancshares Corp. N.J. | Sept. 11 | NA | 15,253 | NA |
| Henderson Citizens Bancshares Inc. Texas | Bank of America Corp. N.C. | Sept. 24 | 5 | 443,000 | NA |
| Citizens National Corp. Neb. | American National Corp. Neb. | Sept. 30 | 1 | 17,501 | NA |
| Heritage Financial Group Inc. Ga. | PrivateBancorp Inc. Ill. | Oct. 8 | 1 | 140,000 | 3.80 |
| Pinnacle Financial Corp. Ga. | Persons Banking Co. Inc. Ga. | Oct. 14 | 1 | 27,165 | NA |
| SBT Bancorp Inc. Ga. | Cadence Bancorp LLC Texas | Oct. 16 | 1 | 26,972 | 0.00 |
| Peoples Community Bancshares Inc. Wis. | Anchor BanCorp Wisconsin Inc. Wis. | Oct. 30 | 1 | 19,000 | NA |
| Community Trust Financial Corp. La. | Hancock Holding Co. Miss. | Oct. 30 | 4 | 135,000 | NA |
| Security Bancshares Corp. Okla. | NBM Corp. Okla. | Oct. 31 | 2 | 45,638 | NA |
| Fidelity Southern Corp. Ga. | Florida Capital Group Inc. | Nov. 6 | NA | 44,000 | NA |
| River Valley Bancshares Inc. Mo. | Farmers & Merchants Bancorp Inc. Mo. | Nov. 7 | 2 | 14,311 | NA |
| First National Corp. Va. | Bank of America Corp. N.C. | Nov. 19 | 6 | 308,000 | 2.25 |
| West Valley Bancorp Inc. Ariz. | Zions Bancorp. Utah | Nov. 20 | 1 | 10,011 | NA |
Note: Includes U.S. bank and thrift branch deals announced in 2014. Excludes terminated and government-assisted deals. Data compiled on March 5, 2014.
Source: SNL Financial, Charlottesville, Va.
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