Bank and Thrift Deals Announced in Third Quarter 2000

Published October 11, 2000, 10:08 a.m. EDT

Updated January 02, 1970, 9:08 a.m. EST

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Bank and Thrift Deals Announced in Third Quarter 2000

Bank and Thrift Deals Announced in Third Quarter 2000
(Dollars in thousands; ranked by total price of transaction; period end September 30, 2000) Published October 11, 2000

Rank	Buyer	City	State	Target	City	State	Announcement Date	Transaction Status	Total Purchase Price ($000)	Price to Book Value	Price to Last 12-mo. net income
1	Chase Manhattan Corp.	New York	NY	J.P. Morgan & Co. Inc.	New York	NY	9/13/2000	Pending	$34,464,551	2.70	14.98
2	Washington Mutual, Inc.	Seattle	WA	Bank United Corp.	Houston	TX	8/21/2000	Pending	$1,517,250	1.67	10.68
3	Valley National Bancorp	Wayne	NJ	Merchants New York Bancorp, Inc.	New York	NY	9/6/2000	Pending	$375,930	3.86	17.92
4	M&T Bank Corp.	Buffalo	NY	Premier National Bancorp, Inc.	Lagrangeville	NY	7/10/2000	Pending	$341,394	2.39	15.66
5	Wells Fargo & Co.	San Francisco	CA	Brenton Banks Inc	Des Moines	IA	7/7/2000	Pending	$264,500	1.87	15.02
6	BB&T Corp.	Winston-Salem	NC	FCNB Corp.	Frederick	MD	7/27/2000	Pending	$216,566	2.43	19.52
7	Chemical Financial Corp. *	Midland	MI	Shoreline Financial Corp. *	Benton Harbor	MI	8/22/2000	Pending	$173,548	2.12	13.82
8	Fifth Third Bancorp	Cincinnati	OH	Ottawa Financial Corp.	Holland	MI	8/31/2000	Pending	$168,718	2.00	16.63
9	BB&T Corp.	Winston-Salem	NC	BankFirst Corp.	Knoxville	TN	8/23/2000	Pending	$147,024	1.61	15.56
10	Union Planters Corp.	Memphis	TN	Jefferson Savings Bancorp	Ballwin	MO	9/20/2000	Pending	$146,154	1.09	12.71
11	Compass Bancshares Inc.	Birmingham	AL	FirsTier Corp.	Northglenn	CO	9/5/2000	Pending	$128,855	4.54	19.24
12	Southwest Securities Group, Inc.	Dallas	TX	Matrix Bancorp, Inc.	Denver	CO	7/14/2000	Terminated	$111,990	1.59	6.62
13	BB&T Corp.	Winston-Salem	NC	FirstSpartan Financial Corp.	Spartanburg	SC	9/6/2000	Pending	$102,148	1.44	22.65
14	Glacier Bancorp, Inc.	Kalispell	MT	WesterFed Financial Corp	Missoula	MT	9/20/2000	Pending	$100,280	1.06	15.59
15	BOK Financial Corp.	Tulsa	OK	CNBT Bancshares, Inc.	Bellaire	TX	8/21/2000	Pending	$92,000	2.74	17.56
16	ULLICO Inc.	Washington	DC	Amalgamated Investments Co.	Chicago	IL	8/31/2000	Pending	$72,500	1.38	13.47
17	F & M National Corp.	Winchester	VA	Atlantic Financial Corp	Newport News	VA	7/6/2000	Pending	$71,738	1.61	16.02
18	Seacoast Financial Services Corp.	New Bedford	MA	Home Port Bancorp, Inc.	Nantucket	MA	7/21/2000	Pending	$68,487	2.34	12.68
19	Whitney Holding Corp.	New Orleans	LA	American Bank	Houston	TX	9/20/2000	Pending	$63,638	3.67	18.05
20	Synovus Financial Corp	Columbus	GA	Carolina Southern Bank	Spartanburg	SC	9/19/2000	Pending	$63,479	2.72	23.53
21	First Banks America Inc	Clayton	MO	San Francisco Company, The	San Francisco	CA	9/22/2000	Pending	$60,654	2.11	9.93
22	Umpqua Holdings Corp. *	Roseburg	OR	VRB Bancorp *	Rogue River	OR	8/15/2000	Pending	$55,714	1.60	11.33
23	Shore Bancshares, Inc.	Centreville	MD	Talbot Bancshares, Inc.	Easton	MD	7/26/2000	Pending	$50,380	1.33	N/A
24	Berkshire Bancorp Inc.	New York	NY	GSB Financial Corp.	Goshen	NY	8/16/2000	Pending	$41,612	1.40	21.25
25	Whitney Holding Corp.	New Orleans	LA	Prattville Financial Services	Prattville	AL	8/8/2000	Pending	$40,500	1.80	25.71
26	Humboldt Bancorp	Eureka	CA	Tehama Bancorp	Red Bluff	CA	9/20/2000	Pending	$40,440	2.02	15.59
27	Integra Bank Corp.	Evansville	IN	Webster Bancorp, Inc.	Clay	KY	7/5/2000	Pending	$30,094	1.53	12.37
28	Boiling Springs Bancorp **	Rutherford	NJ	Ridgewood Financial, Inc. **	Ridgewood	NJ	9/21/2000	Pending	$26,903	1.30	N/M
29	Allegiant Bancorp, Inc.	St. Louis	MO	Equality Bancorp, Inc	St Louis	MO	7/26/2000	Pending	$25,563	1.22	21.92
30	SouthTrust Corp.	Birmingham	AL	First Bank Holding Company	Tallahassee	FL	9/28/2000	Pending	$23,000	2.79	21.3
31	Provident Savings Bank	Jersey City	NJ	Ridgewood Financial, Inc.	Ridgewood	NJ	8/29/2000	Pending	$22,419	1.09	85.57
32	Community Bank System, Inc.	De Witt	NY	Citizens National Bank of Malone	Malone	NY	9/13/2000	Pending	$22,372	1.82	17.34
33	Whitney Holding Corp.	New Orleans	LA	First Ascension Bancorp, Inc	Gonzales	LA	9/5/2000	Pending	$22,100	2.60	24.47
34	United Bancshares, Inc.	Columbus Grove	OH	Delphos Citizens Bancorp	Delphos	OH	8/28/2000	Pending	$20,706	0.80	13.49
35	First Banks America Inc	Clayton	MO	Millennium Bank	San Francisco	CA	8/24/2000	Pending	$20,700	1.88	19.57
36	Citco Community Bancshares	Elizabethton	TN	Twin City Bancorp, Inc.	Bristol	TN	7/19/2000	Pending	$20,186	1.42	16.69
37	Capital City Bank Group, Inc	Tallahassee	FL	First Bankshares of West Point	West Point	GA	9/26/2000	Pending	$17,200	1.11	30.88
38	Peoples Community Bancorp	Lebanon	OH	Market Financial Corp	Mt. Healthy	OH	9/19/2000	Pending	$16,789	1.23	29.66
39	MetLife, Inc.	New York	NY	Grand Bancorp, Inc.	Kingston	NJ	8/16/2000	Pending	$16,500	2.24	N/M
40	First Community Bancorp	Rancho Santa Fe	CA	Professional Bancorp	Santa Monica	CA	8/7/2000	Pending	$16,326	1.09	N/M
41	Bank of Montreal	Montreal	FF	Century Bank	Scottsdale	AZ	9/14/2000	Pending	$16,000	2.68	N/M
42	First Sterling Banks, Inc.	Kennesaw	GA	Walton Bank & Trust Company	Monroe	GA	9/26/2000	Pending	$15,000	2.41	16.91
43	National Penn Bancshares, Inc.	Boyertown	PA	Community Independent Bank	Bernville	PA	7/24/2000	Pending	$13,887	1.93	51.25
44	F & M National Corp.	Winchester	VA	Community Bankshares of Maryland	Bowie	MD	8/23/2000	Pending	$13,100	1.46	20.5
45	Inter-Mountain Bancorp, Inc.	Bozeman	MT	Chouteau County Bancshares	Fort Benton	MT	9/8/2000	Pending	$12,000	1.77	12.82
46	Investor Group	Escondido	CA	Palomar Community Bank	Escondido	CA	9/20/2000	Pending	$10,750	0.86	N/A
47	FNB Corp.	Christiansburg	VA	CNB Holdings, Inc.	Pulaski	VA	7/11/2000	Pending	$10,416	1.63	44.64
48	FNB Corp.	Christiansburg	VA	SWVA Bancshares, Inc.	Roanoke	VA	8/8/2000	Pending	$8,700	1.35	20.09
49	PAB Bankshares, Inc.	Valdosta	GA	Friendship Community Bank	Ocala	FL	9/19/2000	Pending	$7,600	1.92	28.36
50	Flathead Holding Company of Bigfork	Bigfork	MT	Mountain Bank System, Inc.	Bigfork	MT	8/9/2000	Pending	$7,180	2.70	10.53
51	Innovative Bancorp		UN	Bank of Oakland	Oakland	CA	7/28/2000	Pending	$6,400	1.34	10.77
52	Plains Capital Corp.	Lubbock	TX	City National Bank	Austin	TX	9/15/2000	Pending	$6,000	1.37	N/M
53	Inter-Mountain Bancorp, Inc.	Bozeman	MT	Westbanco	W Yellowstone	MT	8/16/2000	Pending	$5,533	1.65	16.82
54	Britton & Koontz Capital Corp.	Natchez	MS	Louisiana Bancshares, Inc.	Baton Rouge	LA	8/25/2000	Pending	$5,201	1.38	14.29
55	Carlson Bancshares, Inc.	W Memphis	AR	Lakeside Bancshares Inc.	Hughes	AR	8/26/2000	Pending	$2,400	1.32	13.64
56	Associates First Capital Corp.	Irving	TX	Jewelers National Bank	Tempe	AZ	7/10/2000	Pending	$2,250	1.00	2.85
57	Investor Group	Atlanta	GA	Bank of Gibson	Gibson	GA	7/17/2000	Pending	$1,200	1.47	N/M
58	First Antlers Bancorp, Inc.	Antlers	OK	Farmers Exchange Bank	Antlers	OK	7/15/2000	Completed	N/A	N/A	N/A
59	Farmers & Merchants Financial Services	St. Paul	MN	Minnesota Valley Financial Services	Courtland	MN	8/1/2000	Pending	N/A	N/A	N/A
60	First South Bancorp, Inc.	Lexington	TN	Bancorp of Huntingdon	Huntingdon	TN	8/10/2000	Pending	N/A	N/A	N/A
61	Albina Community Bancorp	Portland	OR	American State Bank	Portland	OR	8/11/2000	Pending	N/A	N/A	N/A
62	Carolina Federal Savings Bank	Charleston	SC	Roper Employees Federal Credit Union	Charleston	SC	8/14/2000	Pending	N/A	N/A	N/A
63	Union Planters Corp.	Memphis	TN	Barret Bancorp, Inc.	Barretville	TN	8/17/2000	Pending	N/A	N/A	N/A
64	Investor Group	Kansas City	KS	Marshall County Bankshares, Inc.	Beattie	KS	8/30/2000	Pending	N/A	N/A	N/A
65	Security Bank, N.A.	Garland	TX	Caddo Financial Corp.	Caddo Mills	TX	8/30/2000	Pending	N/A	N/A	N/A
66	Provident Bank	Amesbury	MA	Amesbury Co-Op Bank	Amesbury	MA	9/12/2000	Pending	N/A	N/A	N/A
67	Central Banc, Inc.	Geneseo	IL	Marquette Bank Fulton	Fulton	IL	9/6/2000	Pending	N/A	N/A	N/A
68	Countrywide Credit Industries, Inc.	Calabasas	CA	Treasury Bank	Washington	DC	8/16/2000	Pending	N/A	N/A	N/A
69	State Bank of Cochran	Cochran	GA	Knight State Bank	Dexter	GA	8/12/2000	Pending	N/A	N/A	N/A

Source: Thomson Financial

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