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Bank and Thrift Deals Completed in Second Quarter of 2002

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Bank and Thrift Deals Completed in Second Quarter of 2002

Bank and Thrift Deals Completed in Second Quarter of 2002
Ranked by price at completion. Dollars in thousands
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

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