Bank and Thrift Deals Completed in Second Quarter of 2002
July 03, 2002, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Deals Completed in Second Quarter of 2002
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Published July 3, 2002 | ||||||||||
Date | Price | Price at completion to: | Target's | |||||||
Buyer | Target | Announced | Completed | Announced | Completed | Equity | 12-month net | Branches | Assets | |
1 | First Merchants Corp. Muncie, Ind. | Lafayette Bancorp Ind. | 10/15/01 | 4/1/02 | $112,724 | $120,259 | 1.97 | 15.74 | 24 | $747,553 |
2 | R&G Financial Corp. San Juan, Puerto Rico | Crown Group Inc. Casselberry, Fla. | 12/19/01 | 6/7/02 | 100,000 | 100,000 | 1.56 | 91.32 | 14 | 633,196 |
3 | Atlantic Bank of New York | Yonkers Financial Corp. N.Y. | 11/14/01 | 5/9/02 | 69,730 | 69,707 | 1.62 | 25.58 | 9 | 571,093 |
4 | Macatawa Bank Corp. Holland, Mich. | Grand Bank Financial Corp. Grand Rapids, Mich. | 11/21/01 | 4/1/02 | 40,822 | 48,323 | 2.76 | 19.34 | 2 | 251,874 |
5 | UnionBanCal Corp. San Francisco | First Western Bank Simi Valley, Calif. | 12/19/01 | 5/13/02 | 44,613 | 44,382 | 2.23 | 15.89 | 7 | 208,216 |
6 | Washington Trust Bancorp Westerly, R.I. | First Financial Corp. Providence, R.I. | 11/13/01 | 4/16/02 | 38,840 | 40,880 | 2.47 | NA | 4 | 174,148 |
7 | MB Financial Inc. Chicago | First Lincolnwood Corp. Ill. | 12/27/01 | 4/5/02 | 35,000 | 35,000 | 1.63 | 17.29 | 2 | 240,017 |
8 | Provident Bancorp Inc. Montebello, N.Y. | National Bank of Florida Florida, N.Y. | 11/2/01 | 4/23/02 | 28,100 | 28,100 | 1.68 | 29.99 | 2 | 99,569 |
9 | Regions Financial Corp. Birmingham | Brookhollow Bancshares Inc. Dallas | 12/14/01 | 4/2/02 | 26,563 | 26,563 | 2.31 | 18.32 | 4 | 139,847 |
10 | First Citizens Banc Corp. Sandusky, Ohio | Independent Community Banc Corp. Norwalk, Ohio | 11/1/01 | 4/1/02 | 23,273 | 24,143 | 2 | 16.82 | 5 | 139,793 |
11 | United Community Financial Corp. Youngstown, Ohio | Potters Financial Corp. East Liverpool, Ohio | 9/6/01 | 4/1/02 | 23,445 | 23,455 | 1.65 | 17.75 | 4 | 151,466 |
12 | Community Bankshares Inc. Orangeburg, S.C. | Ridgeway Bancshares Inc., Ridgeway, S.C. | 11/21/01 | 6/28/02 | 15,950 | 21,500 | 2.47 | 19.78 | 4 | 79,340 |
13 | Regions Financial Corp. Birmingham, Ala. | Independence Bank Houston | 12/21/01 | 5/16/02 | 20,000 | 20,000 | 2.02 | 16.5 | 3 | 106,922 |
14 | Peoples Bancorp Inc. Marietta, Ohio | First Colony Bancshares Inc. Cambridge, Ohio | 1/4/02 | 6/14/02 | 20,000 | 19,800 | 2.1 | 17.27 | 5 | 148,031 |
15 | First Citizens Bancshares Dyersburg, Tenn. | Metropolitan Bancshares Inc. Munford, Tenn. | 3/4/02 | 5/31/02 | 19,000 | 19,000 | 1.94 | 12.4 | 5 | 114,890 |
16 | Metropolitan Bank Group Inc. Chicago | FirstCom Bancorp Inc. Chicago | 1/29/02 | 6/3/02 | 17,000 | 17,000 | 1.84 | 44.74 | 5 | 145,269 |
17 | National Bancshares Corp. Orrville, Ohio | Peoples Financial Corp. Massillon, Ohio | 10/2/01 | 4/3/02 | 15,118 | 15,118 | 1.46 | 33.23 | 3 | 109,203 |
18 | First Community Capital Corp. Houston | Express Bank Alvin, Tex. | 1/10/02 | 5/10/02 | 15,000 | 15,000 | 2.23 | 9.24 | 2 | 83,807 |
19 | Westamerica Bancorp. San Rafael, Calif. | Kerman State Bank Calif. | 2/25/02 | 6/21/02 | 16,129 | 14,835 | 1.25 | 15.89 | 3 | 105,535 |
20 | Citizens Holding Co. Philadelphia, Miss. | CBank and Trust Capital Corp. Louisville, Miss. | 1/22/02 | 5/17/02 | 12,761 | 13,000 | 1.53 | 66.67 | 4 | 69,738 |
21 | Marion County Bancshares Inc. Hamilton, Ala. | Triangle Bancorp. Carbon Hill, Ala. | 12/4/01 | 4/1/02 | 12,628 | 12,628 | 1.36 | 56.38 | 6 | 67,693 |
22 | Oneida Financial Corp. Oneida, N.Y. | SBC Financial Corp. Chittenango, N.Y. | 11/21/01 | 5/31/02 | 11,910 | 11,910 | 1.96 | 29.48 | 3 | 65,159 |
23 | Prosperity Bancshares Inc. Houston | Texas Guaranty Bank, N.A. Houston | 2/22/02 | 5/8/02 | 11,800 | 11,800 | 1.25 | NA | 3 | 82,204 |
24 | FNB Banking Co. Griffin, Ga. | American Community Bank of Georgia McDonough | 9/1/01 | 5/31/02 | 9,837 | 9,912 | 1.55 | 54.16 | 1 | 55,804 |
25 | Western Sierra Bancorp Cameron Park, Calif. | Central California Bank Sonora, Calif. | 11/15/01 | 4/1/02 | 9,173 | 9,480 | 1.72 | 12.45 | 4 | 67,873 |
26 | Savanna-Thomson Investment Inc. Fulton, Ill. | Thomson Investment Company Inc. Savanna, Ill. | 11/7/01 | 5/23/02 | 9,400 | 9,400 | 1.58 | 50.81 | 5 | 56,226 |
27 | BK2 Bank, SSB Houston | Franklin Bank, SSB Austin, Tex. | 10/3/01 | 4/12/02 | 9,000 | 9,000 | 2.23 | NA | 2 | 45,548 |
28 | Pocahontas Bancorp Inc. Pocahontas, Ark. | Peoples Bank of Imboden Ark. | 1/16/02 | 5/31/02 | 8,000 | 8,400 | 1.49 | 11.07 | 4 | 67,633 |
29 | BFM Bancshares Inc. Kingman, Kan. | Citizens National Bank Anthony, Kan. | 1/28/02 | 4/23/02 | 7,935 | 7,935 | 1.2 | 24.57 | 1 | 35,089 |
30 | Community Bankshares Inc. Denver | Rocky Ford Financial Inc., Colo. | 1/9/02 | 6/1/02 | 7,904 | 7,904 | 1.42 | 40.33 | 1 | 21,524 |
31 | First Staunton Bancshares Inc. Ill. | Hamel Bancorp Inc. Ill. | 2/14/02 | 5/15/02 | 7,473 | 7,473 | 1.7 | 14.51 | 3 | 53,828 |
32 | Peoples Community Bancorp West Chester, Ohio | Kenwood Bancorp Inc. Cincinnati | 8/23/01 | 4/26/02 | 7,257 | 7,257 | 1.65 | NA | 2 | 56,909 |
33 | Bank of North Carolina Thomasville, N.C. | Independence Bank Kernersville, N.C. | 12/19/01 | 6/17/02 | 7,059 | 6,748 | 1.65 | NA | 1 | 57,721 |
34 | Baraboo Bancorp Inc. Wis. | Bancorp Inc. Elcho, Wis. | 2/20/02 | 6/10/02 | 6,500 | 6,500 | 1.25 | 12.35 | 4 | 51,230 |
35 | Bancorp of Lucedale Inc. Miss. | Grand Bancorp Grand Bay, Ala. | 12/28/01 | 6/1/02 | 5,300 | 5,300 | 1.64 | 15.32 | 4 | 37,262 |
36 | BancTrust Financial Group Inc. Mobile, Ala. | Gulf Coast Community Bancshares Inc. Wewahitchka, Fla. | 11/2/01 | 4/16/02 | 4,150 | 4,639 | 1.91 | NA | 4 | 39,653 |
37 | Pocahontas Bancorp Inc. Pocahontas, Ark. | North Arkansas Bancshares Newport | 11/20/01 | 6/18/02 | 4,512 | 4,560 | 0.89 | 70.63 | 3 | 40,205 |
38 | American Bancorp. Inc. Sapulpa, Okla. | Cleveland Holding Co. Cleveland, Okla. | 2/6/02 | 4/13/02 | 4,250 | 4,250 | 3.08 | 17.71 | 2 | 25,137 |
39 | First York BanCorp. Neb. | K.L. and D.M. Inc. Polk, Neb. | 10/5/01 | 4/4/02 | 1,718 | 1,718 | 1.26 | 20.7 | 2 | 10,696 |
40 | Financial Institutions Inc. Warsaw, N.Y. | Bank of Avoca N.Y. | 1/11/02 | 5/1/02 | 1,500 | 1,692 | 1.19 | NA | 1 | 17,933 |
41 | MountainOne Financial Partners North Adams, Mass. | Williamstown Savings Bank Mass. | 10/24/00 | 5/1/02 | NA | NA | NA | NA | 1 | 134,881 |
Source: Thomson Financial /Sheshunoff Information Services (www.sheshunoff.com)
©2002 American Banker