Bank and Thrift Deals Announced in Fourth Quarter 2000 Published January 3, 2001
Published January 03, 2001, 10:08 a.m. EST
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Updated January 02, 1970, 9:08 a.m. EST
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Bank and Thrift Deals Announced in Fourth Quarter 2000 Published January 3, 2001
| Published January 3, 2001 |
| Rank | Buyer | City | St | Target | City | St | Date | Total Purchase Price($000) | Price to Book Value | Price to LTM Net Income | Target Total Assets |
| 1 | Firstar Corp. | Milwaukee | WI | U.S. Bancorp | Minneapolis | MN | 10/4/00 | $21,199,357 | 2.66% | 13.75% | $86,174,000 |
| 2 | FleetBoston Financial Corp. | Boston | MA | Summit Bancorp | Princeton | NJ | 10/1/00 | 6,990,720 | 2.35 | 15.09 | $38,985,132 |
| 3 | Fifth Third Bancorp | Cincinnati | OH | Old Kent Financial Corp. | Grand Rapids | MI | 11/20/00 | 4,947,005 | 3.24 | 20.75 | $22,202,851 |
| 4 | ABN Amro North America, Inc. | Chicago | IL | Michigan National Corp. | Farmington Hills | MI | 11/22/00 | 2,750,000 | 1.91 | 18.4 | 11,493,891 |
| 5 | Comerica Inc. | Detroit | MI | Imperial Bancorp | Inglewood | CA | 11/1/00 | 1,302,320 | 2.43 | 12.15 | 7,441,954 |
| 6 | BB&T Corp. | Winston-Salem | NC | Century South Banks, Inc. | Alpharetta | GA | 12/5/00 | 426,462 | 2.71 | 25.47 | 1,614,497 |
| 7 | Wachovia Corp. | Winston-Salem | NC | Republic Security Financial Corp | West Palm Beach | FL | 10/30/00 | 340,055 | 1.69 | 12.01 | 3,385,301 |
| 8 | Park National Corp. | Newark | OH | Security Banc Corporation | Springfield | OH | 11/21/00 | 306,840 | 2.5 | 17.76 | 986,529 |
| 9 | Fifth Third Bancorp | Cincinnati | OH | Capital Holdings, Inc. | Sylvania | OH | 10/25/00 | 243,666 | 2.44 | 20.44 | 1,084,667 |
| 10 | FBOP Corp. | Oak Park | IL | PBOC Holdings, Inc | Los Angeles | CA | 12/11/00 | 198,762 | 0.93 | 4.79 | 3,276,687 |
| 11 | Zions Bancorp. | Salt Lake City | UT | Eldorado Bancshares Inc. | Laguna Hills | CA | 12/14/00 | 194,939 | 1.54 | N/M | 1,262,391 |
| 12 | Hudson River Bancorp, Inc. | Hudson | NY | Cohoes Bancorp, Inc. | Cohoes | NY | 11/24/00 | 160,698 | 1.25 | 27.47 | 739,335 |
| 13 | Fulton Financial Corp. | Lancaster | PA | Drovers Bancshares Corporation | York | PA | 12/27/00 | 146,359 | 2.68 | 26.16 | 755,308 |
| 14 | Southwest Bancorp. of Texas | Houston | TX | Citizens Bankers, Inc. | Baytown | TX | 10/17/00 | 135,000 | 3.15 | 24.12 | 413,744 |
| 15 | Trustmark Corp. | Jackson | MS | Barret Bancorp, Inc. | Barretville | TN | 12/13/00 | 102,488 | 1.22 | 13.19 | 510,221 |
| 16 | United Community Financial Corp. | Youngstown | OH | Industrial Bancorp, Inc. | Bellevue | OH | 12/9/00 | 91,767 | 1.54 | 15.75 | 415,676 |
| 17 | Community Bank System, Inc. | De Witt | NY | First Liberty Bank Corp. | Jermyn | PA | 11/29/00 | 87,074 | 1.44 | 17.23 | 646,661 |
| 18 | Zions Bancorp. | Salt Lake City | UT | Draper Bancorp | Draper | UT | 11/20/00 | 81,500 | 3.15 | 14.06 | 267,816 |
| 19 | Financial Institutions, Inc. | Warsaw | NY | Bath National Corporation | Bath | NY | 11/2/00 | 62,585 | 2.26 | 44.61 | 287,343 |
| 20 | Prosperity Bancshares, Inc. | Houston | TX | Commercial Bancshares, Inc. | Houston | TX | 11/8/00 | 53,290 | 2.01 | 17.67 | 401,271 |
| 21 | SouthTrust Corp. | Birmingham | AL | Bay Bancshares, Inc. | La Porte | TX | 12/11/00 | 53,010 | 1.82 | 15.64 | 332,723 |
| 22 | Sterling Bancshares, Inc. | Houston | TX | CaminoReal Bancshares of Texas | San Antonio | TX | 10/24/00 | 51,793 | 2.21 | 15.12 | 286,034 |
| 23 | Dickinson Financial Corp. | Kansas City | MO | Cameron Financial Corp | Cameron | MO | 10/6/00 | 43,558 | 1 | 18.81 | 299,235 |
| 24 | PBOC Holdings, Inc. | Los Angeles | CA | BYL Bancorp | Orange | CA | 11/2/00 | 38,938 | 1.31 | 18.14 | 322,320 |
| 25 | F.N.B. Corp. | Hermitage | PA | Citizens Community Bancorp | Marco Island | FL | 12/18/00 | 38,056 | 2.07 | 43.51 | 154,418 |
| 26 | Colorado Business Bankshares | Denver | CO | First Capital Bank of Arizona | Phoenix | AZ | 10/24/00 | 31,188 | 2.7 | 24.37 | 94,583 |
| 27 | Commerce Bancshares, Inc. | Kansas City | MO | Breckenridge Bancshares Co. | St. Ann | MO | 10/26/00 | 29,147 | 1.96 | 13.95 | 255,186 |
| 28 | Community Banks, Inc. | Millersburg | PA | Glen Rock State Bank | Glen Rock | PA | 11/8/00 | 25,500 | 1.65 | 16.91 | 187,672 |
| 29 | PSB Bancorp, Inc. | Philadelphia | PA | Jade Financial Corporation | Feasterville | PA | 11/2/00 | 25,378 | 0.92 | 62.05 | 213,732 |
| 30 | SouthTrust Corp. | Birmingham | AL | Irving National Bancshares, Inc. | Irving | TX | 12/7/00 | 23,733 | 2.96 | 17.58 | 109,609 |
| 31 | PL Capital, LLC ** | Oak Brook | IL | Wells Financial Corp. ** | Wells | MN | 12/15/00 | 22,076 | 0.98 | 12.93 | 217,518 |
| 32 | First Bancorp | Troy | NC | Century Bancorp, Inc. | Thomasville | NC | 10/20/00 | 21,658 | 1.21 | 24.09 | 100,542 |
| 33 | Dickinson Financial Corp. | Kansas City | MO | Hardin Bancorp, Inc. | Hardin | MO | 10/26/00 | 15,909 | 1.25 | 12.4 | 143,325 |
| 34 | Alabama National BanCorp. | Birmingham | AL | Peoples State Bank | Groveland | FL | 10/10/00 | 15,481 | 1.83 | 12.75 | 116,443 |
| 35 | East West Bancorp Inc. | San Marino | CA | Prime Bank | Los Angeles | CA | 11/2/00 | 14,460 | 1.67 | 34.76 | 121,053 |
| 36 | PremierWest Bancorp | Medford | OR | Timberline Bancshares, Inc. | Yreka | CA | 10/17/00 | 14,021 | 1.71 | 15.34 | 92,422 |
| 37 | CKF Bancorp, Inc. | Danville | KY | First Lancaster Bancshares, Inc. | Lancaster | KY | 12/15/00 | 13,802 | 1.1 | 19.12 | 57,126 |
| 38 | First Natl. Bank of Nevada Holding Co. | Scottsdale | AZ | Rocky Mountain Bank | Chandler | AZ | 10/11/00 | 13,137 | 1.48 | 45.77 | 120,876 |
| 39 | Platte Valley Fin.Service Cos., Inc. | Scottsbluff | NE | Tri-County Bancorp, Inc. | Torrington | WY | 12/8/00 | 11,715 | 1.12 | 17.71 | 94,845 |
| 40 | Frontier Financial Corp. | Everett | WA | Interbancorp, Inc. | Duvall | WA | 10/23/00 | 11,712 | 2.12 | 12.49 | 73,643 |
| 41 | WesBanco, Inc. | Wheeling | WV | Freedom Bancshares, Inc. | Belington | WV | 11/24/00 | 11,000 | 1.49 | 18.58 | 97,224 |
| 42 | Boston Bank of Commerce | Boston | MA | Founders National Bank | Los Angeles | CA | 10/25/00 | 10,200 | 1.6 | N/M | 106,599 |
| 43 | Century Bancshares, Inc. | Washington | DC | GrandBanc, Inc. | Rockville | MD | 10/11/00 | 8,776 | 1.13 | 86.04 | 113,584 |
| 44 | Mid-Iowa Bancshares Co. | Algona | IA | Ruthven Investments, Ltd. | Ruthven | IA | 10/23/00 | 8,616 | 1.35 | 17.95 | 30,969 |
| 45 | Bank of the Sierra | Porterville | CA | Taft National Bank | Taft | CA | 12/15/00 | 7,500 | 1.71 | 16.56 | 55,927 |
| 46 | ABC Bancorp | Moultrie | GA | Tri County Bank | Trenton | FL | 12/4/00 | 7,200 | 1.56 | 12.54 | 45,779 |
| 47 | Northwest Suburban Bancorp | Mt Prospect | IL | Village Bank & Trust | N Barrington | IL | 10/26/00 | 7,020 | 1.51 | N/M | 66,858 |
| 48 | State Bank of Allerton | Allerton | IL | Philo Exchange Bank | Philo | IL | 10/18/00 | 6,715 | 1.36 | 17.4 | 29,041 |
| 49 | Garden City Bancshares Acquisition Corp. | Garden City | MO | Garden City Bancshares, Inc. | Garden City | MO | 11/22/00 | 6,500 | 1.89 | 11.8 | 38,856 |
| 50 | Foresight Financial Group | Rockford | IL | Lena Bancorp, Inc. | Lena | IL | 11/15/00 | 5,437 | 1.33 | 27.88 | 61,523 |
| 51 | Mountain West Financial Corp. | Helena | MT | BankWest Financial, Inc. | Kalispell | MT | 10/12/00 | 4,534 | 1.41 | 11.69 | 48,636 |
| 52 | Midwest Community Bancshares | Marion | IL | Egyptian State Bank | Carriers Mills | IL | 11/16/00 | 4,200 | 0.81 | 23.6 | 40,457 |
| 53 | Sooner Southwest Bankshares, Inc. | Tulsa | OK | First National Bancorp. of Heavener | Heavener | OK | 11/7/00 | 2,652 | 1.01 | 23.68 | 35,322 |
| 54 | 1st Financial Bancshares, Inc. | Shawnee Mission | KS | Sylvan Agency, Inc. | Sylvan Grove | KS | 10/18/00 | 2,560 | 2.27 | 10.41 | 14,662 |
| 55 | Peoples Bancorp Inc. | Marietta | OH | Lower Salem Commercial Bank | Lower Salem | OH | 10/2/00 | 2,301 | 1.04 | N/M | 26,229 |
| 56 | Sabine Bancshares, Inc. | Many | LA | Bank of Saline | Saline | LA | 10/12/00 | 2,100 | 1.17 | 21 | 8,665 |
| 57 | Stanford Acquisition Corp. | FL | Metro Savings Bank | Orlando | FL | 12/1/00 | 2,000 | 2.15 | N/M | 10,514 | |
| 58 | United Financial Holdings | St Petersburg | FL | First Security Bank | Sarasota | FL | 10/6/00 | N/A | N/A | N/A | 23,789 |
| 59 | First York Ban Corp. | York | NE | First National Bank of Stromsburg | Stromsburg | NE | 10/13/00 | N/A | N/A | N/A | 25,674 |
| 60 | Cooper Lake Financial Corp. | Cooper | TX | Delta Bank (The) | Cooper | TX | 10/6/00 | N/A | N/A | N/A | 19,556 |
| 61 | Bank of Hoven | Hoven | SD | Investment Corporation of America | Sioux Falls | SD | 11/2/00 | N/A | N/A | N/A | 50,222 |
| 62 | Southeast Texas Bancshares | Beaumont | TX | First State Bank | Colmesneil | TX | 11/3/00 | N/A | N/A | N/A | 18,332 |
| 63 | Central Bancompany | Jefferson City | MO | MidAmerica Bank of St. Clair County | O'Fallon | IL | 11/21/00 | N/A | N/A | N/A | 29,260 |
| 64 | Summit Bank Corp. ** | Atlanta | GA | Global Commerce Bank ** | Doraville | GA | 12/5/00 | N/A | N/A | N/A | 49,679 |
| 65 | Investor Group | Kansas City | MO | Clayco Bancshares, Inc. | Kansas City | MO | 12/7/00 | N/A | N/A | N/A | 38,545 |
| 66 | Hoosac Financial Services, Inc | North Adams | MA | Williamstown Savings Bank | Williamstown | MA | 10/24/00 | N/A | N/A | N/A | 142,821 |
| 67 | First Farmers & Merchants Corp | Columbia | TN | Peoples & Union Bank | Lewisburg | TN | 12/15/00 | N/A | N/A | N/A | 157,555 |
| 68 | Citizens Union Bancorp of Shelbyville | Shelbyville | KY | Dupont State Bank | Dupont | IN | 11/26/00 | N/A | N/A | N/A | 18,796 |
| 69 | South Alabama Bancorp, Inc. * | Mobile | AL | Peoples BancTrust Company, Inc. * | Selma | AL | 12/20/00 | N/A | N/A | N/A | 649,910 |
| 70 | Adbanc, Inc. | Ogallala | NE | Bank of Colorado-Western Slope | Grand Junction | CO | 12/20/00 | N/A | N/A | N/A | 168,793 |
| 71 | Franklin Resources, Inc. | San Mateo | CA | Fiduciary Trust Company International | New York | NY | 10/25/00 | N/A | N/A | N/A | 659,969 |
| 72 | Charles Schwab Corp. (The) | San Francisco | CA | Resource Companies, Inc. | Minneapolis | MN | 12/7/00 | N/A | N/A | N/A | 112,643 |
| 73 | Investor Group | GA | Bank of Lowes | Lowes | KY | 12/14/00 | N/A | N/A | N/A | 982 | |
| 74 | TRB Bancorp | Quanah | TX | Greenbelt Bancshares, Inc. | Quanah | TX | 12/18/00 | N/A | N/A | N/A | 12,747 |
| 75 | Gardiner Savings Institution | Gardiner | ME | Augusta Federal Savings Bank | Augusta | ME | 12/5/00 | N/A | N/A | N/A | 103,464 |
Source: Thomson Financial Sheshunoff Information Services (www.sheshunoff.com)
*Merger of equals transactions **Hostile/Unsolicited transaction
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