Bank and Thrift Deals Announced in the Third Quarter of 2005
October 20, 2005, 10:08 a.m. EDT 1 Min Read
View Table
Printer Friendly Version
Bank and Thrift Deals Announced in the Third Quarter of 2005
| | |||||||
| Published October 20, 2005 | |||||||
| Announced price to: | |||||||
| Buyer | Target | Date | Sale price | Equity | Net | Target's assets | |
| 1 | Wachovia Corp. Charlotte | Westcorp Irvine, Calif. | Sept. 12 | $3,416,880 | 2.29 | 14.19 | $16,544,234 |
| 2 | TD Banknorth Inc. Portland, Maine | Hudson United Bancorp Mahwah, N.J. | 12-Jul | 1,928,813 | 3.61 | 15.09 | 8,850,443 |
| 3 | Zions Bancorp. Salt Lake City | Amegy Bancorp. Inc. Houston | 6-Jul | 1,690,775 | 2.83 | 23.31 | 7,559,508 |
| 4 | Compass Bancshares Inc. Birmingham, Ala. | TexasBanc Holding Co. Weatherford | Sept. 19 | 459,191 | 3.89 | 25.72 | 1,526,140 |
| 5 | Fulton Financial Corp. Lancaster, Pa. | Columbia Bancorp Columbia, Md. | 26-Jul | 311,832 | 3.38 | 21.04 | 1,240,496 |
| 6 | Synovus Financial Corp. Columbus, Ga. | Riverside Bancshares Inc. Marietta, Ga. | Sept. 6 | 169,059 | 3.82 | 22.93 | 566,954 |
| 7 | Whitney Holding Corp. New Orleans | First National Bancshares Inc. Bradenton, Fla. | 28-Jul | 122,623 | 4.29 | 33.81 | 334,621 |
| 8 | First Community Bancorp Rancho Santa Fe, Calif. | Cedars Bank Los Angeles | Sept. 13 | 120,000 | 2.74 | 20.27 | 476,940 |
| 9 | FNB Corp. Asheboro, N.C. | Integrity Financial Corp. Hickory, N.C. | Sept. 19 | 117,863 | 1.7 | 50.29 | 668,298 |
| 10 | Commerce Bancorp Inc. Cherry Hill, N.J. | Palm Beach County Bank West Palm Beach, Fla. | 25-Jul | 100,000 | 4.18 | 27.17 | 326,609 |
| 11 | National Penn Bancshares Inc. Boyertown, Pa. | Nittany Financial Corp. State College, Pa. | Sept. 7 | 99,919 | 4.19 | 30.3 | 306,908 |
| 12 | New York Community Bancorp Inc. Westbury | Long Island Financial Corp. Islandia, N.Y. | Aug. 1 | 70,067 | 2.63 | 37.42 | 544,382 |
| 13 | Bank of Montreal Toronto | Edville Bankcorp Inc. Villa Park, Ill. | 7-Jul | 65,500 | 2.81 | 17.39 | 287,763 |
| 14 | MainSource Financial Group Inc. Greensburg, Ind. | Union Community Bancorp Crawfordsville, Ind. | Aug. 23 | 57,018 | 1.57 | 32.27 | 261,314 |
| 15 | Investor Group NA | LDF Inc. Chicago | Sept. 20 | 53,500 | 2.66 | 20.46 | 410,254 |
| 16 | BancorpSouth Inc. Tupelo, Miss. | American State Bank Corp. Jonesboro, Ark. | Aug. 10 | 50,000 | 2.06 | 22.22 | 341,803 |
| 17 | Frontier Financial Corp. Everett, Wash. | Northstar Financial Corp. Seattle | Sept. 12 | 48,200 | 3.11 | 20.49 | 174,264 |
| 18 | MainSource Financial Group Inc. Greensburg, Ind. | Peoples Ohio Financial Corp. Troy | Sept. 28 | 41,493 | 1.6 | 22.78 | 199,881 |
| 19 | Pacific Continental Corp. Eugene, Ore. | NWB Financial Corp. Seattle | Aug. 17 | 39,133 | 2.08 | 20.27 | 150,813 |
| 20 | Security Bank Corp. Macon, Ga. | Rivoli BanCorp Inc. Macon, Ga. | Sept. 9 | 38,474 | 2.93 | 22.97 | 202,811 |
| 21 | Farmers Capital Bank Corp. Frankfort, Ky. | Citizens Bancorp Inc. Newport, Ky. | Jul. 1 | 38,000 | 2.49 | 24.07 | 185,171 |
| 22 | Sun Bancorp Inc. Vineland, N.J. | Advantage Bank Branchburg, N.J. | Aug. 26 | 37,046 | 2.51 | 39.65 | 154,995 |
| 23 | ABC Bancorp Moultrie, Ga. | First National Banc Inc. St. Marys, Ga. | 1-Jul | 34,800 | 2.07 | 27.75 | 263,886 |
| 24 | Sterling Bancshares Inc. Houston | Prestonwood Bancshares Inc. Dallas | 8-Jul | 34,375 | 3.23 | 22.7 | 106,096 |
| 25 | UCBH Holdings Inc. San Francisco | Asian American Bank and Trust Co. Boston | Aug. 3 | 34,300 | 1.99 | 79.03 | 129,931 |
| 26 | First State Bancorp. Albuquerque | Access Anytime BanCorp Inc. Albuquerque | Aug. 31 | 32,073 | 1.42 | 20.97 | 374,327 |
| 27 | Cullen/Frost Bankers Inc. San Antonio | Texas Community Bancshares Inc. Dallas | Sept. 1 | 31,000 | 3.19 | 23.83 | 133,331 |
| 28 | Tower Bancorp Inc. Greencastle, Pa. | FNB Financial Corp. McConnellsburg, Pa. | Sept. 22 | 30,894 | 2.03 | 17.82 | 170,891 |
| 29 | SCBT Financial Corp. Columbia, S.C. | Sun Bancshares Inc. Murrells Inlet, S.C. | 22-Jul | 26,237 | 2.48 | 77.66 | 92,354 |
| 30 | First Financial Bankshares Inc. Abilene, Tex. | Bridgeport Financial Corp. Tex. | Aug. 10 | 25,800 | 2.25 | 9.99 | 147,864 |
| 31 | Glacier Bancorp Inc. Kalispell, Mont. | Thompson Falls Holding Co. Mont. | 14-Jul | 21,823 | 1.57 | 12.6 | 152,461 |
| 32 | First Banks Inc. Clayton, Mo. | First National Bank Sachse, Tex. | Aug. 22 | 20,800 | 2.3 | 15.98 | 72,741 |
| 33 | First State Bancorp. Albuquerque | New Mexico Financial Corp. Belen | Sept. 2 | 20,000 | 2.03 | 71.94 | 115,728 |
| 34 | Standard Mutual Holding Co. Murrysville, Pa. | Hoblitzell National Bank Hyndman, Pa. | Sept. 23 | 16,500 | 2.28 | 27 | 70,119 |
| 35 | Wilshire Bancorp Inc. Los Angeles | Liberty Bank of New York | Aug. 1 | 15,700 | 1.78 | NA | 58,775 |
| 36 | CenterState Banks of Florida Inc. Winter Haven | CenterState Bank Mid Florida Leesburg | Aug. 30 | 14,500 | 1.62 | NA | 59,906 |
| 37 | Hometown Community Bancorp Inc. Morton, Ill. | Progressive Bancorp Inc. Pekin, Ill. | Aug. 8 | 13,860 | 1.58 | 18.31 | 121,064 |
| 38 | Landmark Bancorp Inc. Manhattan, Kan. | First Manhattan Bancorp. Inc. Manhattan, Kan. | Sept. 7 | 12,875 | 1.52 | 12.59 | 130,370 |
| 39 | Prosperity Bancshares Inc. Houston | Grapeland Bancshares Inc. Tex. | Sept. 12 | 7,300 | 1.96 | 54.89 | 69,808 |
| 40 | American State Financial Corp Lubbock, Tex. | Cisco Bancshares Inc. Tex. | 27-Jul | 6,700 | 1.08 | 11.92 | 39,549 |
| 41 | FC Banc Corp. Bucyrus, Ohio | Monitor Bancorp Inc. Big Prairie, Ohio | 25-Jul | 5,287 | 1.81 | 27.11 | 25,165 |
| 42 | Highlands Bankshares Inc. Petersburg, W.Va. | National Bank of Davis W.Va. | Aug. 23 | 5,200 | 3.16 | 53.06 | 25,917 |
| 43 | Community Investment Group Ltd. Havana, Ill. | San Jose Tri County Bank Ill. | Sept. 22 | 580 | 2.28 | NA | 6,586 |
| 44 | First Republic Bank San Francisco | First Signature Bank and Trust Co. Portsmouth, N.H. | Aug. 3 | NA | NA | NA | 533,280 |
| 45 | Fidelity Holding Co. Minn. | Fidelity Bancshares Inc. Edina, Minn. | Sept. 28 | NA | NA | NA | 331,086 |
| 46 | Salem Five Cents Savings Bank Mass. | Heritage Co-op Bank Salem, Mass. | Aug. 12 | NA | NA | NA | 256,823 |
| 47 | Bank of Choice Holding Co. Evans, Colo. | Colonial Bancorp Aurora, Colo. | 14-Jul | NA | NA | NA | 184,178 |
| 48 | Investor Group ** Washington, D.C. | Independence Federal Savings Bank ** Washington, D.C. | Aug. 31 | NA | NA | NA | 169,840 |
| 49 | Two River Community Bank * Middletown, N.J. | Town Bank * Westfield, N.J. | Aug. 17 | NA | NA | NA | 147,068 |
| 50 | Collegiate Peaks Bancorp Inc. Colo. | Collegiate Peaks Bank Buena Vista, Colo. | Aug. 31 | NA | NA | NA | 95,791 |
| 51 | West Alabama Capital Corp. Reform | West Alabama Bancshares Inc. Millport | Aug. 25 | NA | NA | NA | 67,897 |
| 52 | Clayco Banc Corp. Claycomo, Mo. | De Soto Bancshares Inc. Kan. | Aug. 12 | NA | NA | NA | 30,746 |
| 53 | Peak Banks of Colorado Inc. Nederland | Clear Creek Bank Corp. Idaho Springs, Colo. | Aug. 3 | NA | NA | NA | 30,602 |
*Merger of equals ** Hostile/Unsolicited
Source: Highline Banking Data Services (877-305-6657)
© 2005 American Banker