Bank and Thrift Deals Completed in the First Quarter of 2001

Published April 12, 2001, 10:08 a.m. EDT

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

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Bank and Thrift Deals Completed in the First Quarter of 2001

Bank and Thrift Deals Completed in the First Quarter of 2001
Ranked by price paid; dollars in thousands Published April 12, 2001

Rank	Buyer	Target	Announced	Closed	Price at announcement	Price at closing	Closing price to Equity	Closing price to 12-mo. net	Target's branches	Target's assets
1	Firstar Corp. Milwaukee	U.S. Bancorp Minneapolis	Oct. 4 '00	Feb. 27 '01	$21,199,357	$22,294,488	2.58	14	1,107	$86,349,000
2	FleetBoston Financial Corp. Boston	Summit Bancorp Princeton, N.J.	Oct. 1 '00	Feb. 28 '01	6,990,720	7,427,644	2.42	14.72	500	39,464,998
3	Fifth Third Bancorp Cincinnati	Old Kent Financial Corp. Grand Rapids, Mich.	Nov. 20 '00	Mar. 31 '01	4,947,005	5,513,703	3.1	19.7	340	22,518,600
4	ABN Amro North America Inc. Chicago	Michigan National Corp. Farmington Hills, Mich.	Nov. 22 '00	Mar. 31 '01	2,750,000	2,750,000	1.87	17.82	185	11,634,450
5	Washington Mutual Inc. Seattle	Bank United Corp. Houston	Aug. 21 '00	Feb. 9 '01	1,517,250	2,393,383	2.51	16.09	88	18,197,572
6	Comerica Inc. Detroit	Imperial Bancorp Inglewood, Calif.	Nov. 1 '00	Jan. 29 '01	1,302,320	1,315,624	2.45	12.27	51	7,441,954
7	Valley National Bancorp Wayne, N.J.	Merchants New York Bancorp New York	Sep. 6 '00	Jan. 19 '01	375,930	413,727	3.94	18.91	16	1,369,676
8	Wachovia Corp. Winston-Salem, N.C.	Republic Security Financial Corp. West Palm Beach, Fla.	Oct. 30 '00	Feb. 28 '01	340,055	382,152	1.85	15.29	119	3,396,980
9	M&T Bank Corp. Buffalo	Premier National Bancorp Lagrangeville, N.Y.	Jul. 10 '00	Feb. 9 '01	341,394	347,501	2.33	16.51	34	1,573,803
10	BB&T Corp. Winston-Salem, N.C.	FCNB Corp. Frederick, Md.	Jul. 27 '00	Jan. 8 '01	216,566	326,384	3.38	21.72	34	1,593,067
11	Park National Corp. Newark, Ohio	Security Banc Corp. Springfield, Ohio	Nov. 21 '00	Mar. 23 '01	306,413	271,099	2.21	15.7	29	986,529
12	Fifth Third Bancorp Cincinnati	Capital Holdings Sylvania, Ohio	Oct. 25 '00	Mar. 9 '01	243,666	260,266	2.6	21.76	0	1,084,667
13	Chemical Financial Corp.* Midland, Mich.	Shoreline Financial Corp. Benton Harbor, Mich.	Aug. 22 '00	Jan. 9 '01	173,548	179,785	2.1	14.25	28	1,053,276
14	Compass Bancshares Birmingham, Ala.	Firstier Corp. Northglenn, Colo.	Sep. 5 '00	Jan. 4 '01	128,855	174,108	4.76	18.77	19	874,850
15	Union Planters Corp . Memphis	Jefferson Savings Bancorp Ballwin, Mo.	Sep. 20 '00	Feb. 12 '01	146,154	172,860	1.24	14.72	26	1,634,214
16	Zions Bancorp. Salt Lake City	Eldorado Bancshares Laguna Hills, Calif.	Dec. 14 '00	Mar. 30 '01	194,939	169,530	1.35	N/M	24	1,262,391
17	BB&T Corp. Winston-Salem, N.C.	FirstSpartan Financial Corp. Spartanburg, S.C.	Sep. 6 '00	Mar. 2 '01	102,148	146,342	1.88	23.19	11	585,657
18	F&M National Corp. Winchester, Va.	Atlantic Financial Corp. Newport News, Va.	Jul. 6 '00	Feb. 23 '01	71,738	123,712	2.67	26.8	15	387,301
19	Glacier Bancorp Inc. Kalispell, Mont.	WesterFed Financial Corp. Missoula, Mont.	Sep. 20 '00	Feb. 28 '01	100,280	113,310	1.14	N/A	27	945,663
20	BOK Financial Corp. Tulsa	CNBT Bancshares Bellaire, Tex.	Aug. 21 '00	Jan. 10 '01	92,000	92,000	2.68	17.52	8	423,820
21	Synovus Financial Corp. Columbus, Ga.	Carolina Southern Bank Spartanburg, S.C.	Sep. 19 '00	Feb. 20 '01	64,092	87,200	3.57	32.54	5	212,410
22	Zions Bancorp. Salt Lake City	Draper Bancorp Draper, Utah	Nov. 20 '00	Jan. 26 '01	81,500	79,672	2.91	13.3	9	260,674
23	Whitney Holding Corp . New Orleans	American Bank Houston	Sep. 20 '00	Jan. 23 '01	63,638	72,146	3.92	15.8	5	279,594
24	Spectrum Bancorp Omaha	Great Western Securities Omaha	Sep. 28 '00	Mar. 23 '01	58,910	68,348	2.65	13.45	13	651,120
25	Prosperity Bancshares Houston	Commercial Bancshares Houston	Nov. 8 '00	Feb. 23 '01	53,290	61,908	2.28	19.83	13	428,375
26	SouthTrust Corp. Birmingham, Ala.	Bay Bancshares La Porte, Tex.	Dec. 11 '00	Mar. 30 '01	53,010	53,010	1.82	15.64	10	332,723
27	Sterling Bancshares Houston	CaminoReal Bancshares of Texas San Antonio	Oct. 24 '00	Mar. 22 '01	51,793	51,793	2.27	17.09	9	290,979
28	Dickinson Financial Corp. Kansas City, Mo.	Cameron Financial Corp. Cameron, Mo.	Oct. 6 '00	Jan. 12 '01	43,558	43,796	0.99	19.02	4	308,864
29	Whitney Holding Corp . New Orleans	Prattville Financial Services Prattville, Ala.	Aug. 8 '00	Jan. 30 '01	39,753	40,093	1.67	24.23	3	169,239
30	Berkshire Bancorp New York	GSB Financial Corp. Goshen, N.Y.	Aug. 16 '00	Mar. 30 '01	41,612	38,809	1.29	20.71	3	186,866
31	Humboldt Bancorp Eureka, Calif.	Tehama Bancorp Red Bluff, Calif.	Sep. 20 '00	Mar. 9 '01	40,440	38,638	1.74	12.13	6	233,392
32	First South Bancorp Lexington, Tenn.	Bancorp of Huntingdon Huntingdon, Tenn.	Aug. 10 '00	Jan. 27 '01	36,750	36,750	1.85	17.64	6	160,998
33	Integra Bank Corp. Evansville, Ind.	Webster Bancorp Clay, Ky.	Jul. 5 '00	Jan. 31 '01	30,094	35,813	1.68	15.39	8	293,247
34	Commerce Bancshares Kansas City, Mo.	Breckenridge Bancshares St. Ann, Mo.	Oct. 26 '00	Mar. 1 '01	29,147	34,021	2.19	15.75	4	272,484
35	Cobiz Inc. Denver	First Capital Bank of Arizona Phoenix	Oct. 24 '00	Mar. 8 '01	31,188	31,568	2.62	22.12	3	104,158
36	SouthTrust Corp. Birmingham, Ala.	Irving National Bancshares Irving, Tex.	Dec. 7 '00	Mar. 16 '01	22,218	28,786	2.74	18.66	6	112,614
37	Friedman Billings Ramsey Group Arlington, Va.	Money Management Associates Bethesda, Md.	Oct. 21 '99	Mar. 30 '01	27,200	27,200	N/A	N/A	1	23,040
38	Community Banks Inc. Millersburg, Pa.	Glen Rock State Bank Glen Rock, Pa.	Nov. 8 '00	Mar. 30 '01	25,559	25,589	1.57	16.99	5	184,157
39	Community Bank System Inc. De Witt, N.Y.	Citizens National Bank of Malone Malone, N.Y.	Sep. 13 '00	Jan. 26 '01	22,372	25,228	1.99	24.26	5	115,214
40	United Bancshares Columbus Grove, Ohio	Delphos Citizens Bancorp Delphos, Ohio	Aug. 28 '00	Feb. 28 '01	20,706	21,399	0.82	17.58	2	133,099
41	Alabama National Bancorp Birmingham, Ala.	Peoples State Bank Groveland, Fla.	Oct. 10 '00	Jan. 31 '01	15,481	21,315	2.41	16.63	4	121,622
42	F&M National Corp. Winchester, Va.	Community Bankshares of Maryland Bowie	Aug. 23 '00	Jan. 25 '01	13,176	21,288	3.13	29.55	4	77,609
43	Capital City Bank Group Tallahassee, Fla.	First Bankshares of West Point West Point, Ga.	Sep. 26 '00	Mar. 2 '01	16,910	19,977	1.25	35.8	4	146,070
44	James G. Fitzgerald Inverness, Ill.	Southern Wisconsin Bancshares Corp. Mineral Point, Wis.	Aug. 17 '00	Jan. 5 '01	18,841	18,841	2.04	9.21	6	114,138
45	Main Street Banks Inc. Marietta, Ga.	Walton Bank & Trust Co. Monroe, Ga.	Sep. 26 '00	Jan. 25 '01	15,093	17,689	2.44	16.08	2	62,034
46	Peoples Community Bancorp Lebanon, Ohio	Market Financial Corp. Mt. Healthy, Ohio	Sep. 19 '00	Mar. 30 '01	16,789	16,789	1.11	34.65	1	55,742
47	East West Bancorp San Marino, Calif.	Prime Bank Los Angeles	Nov. 2 '00	Jan. 15 '01	14,460	16,757	1.89	27.52	2	110,508
48	First Community Bancorp Rancho Santa Fe, Calif.	Professional Bancorp Santa Monica, Calif.	Aug. 7 '00	Jan. 16 '01	16,326	16,380	1.09	N/M	7	268,403
49	Frontier Financial Corp. Everett, Wash.	Interbancorp Duvall, Wash.	Oct. 23 '00	Feb. 2 '01	11,712	16,005	2.67	14.67	3	75,919
50	Dickinson Financial Corp. Kansas City, Mo.	Hardin Bancorp Hardin, Mo.	Oct. 26 '00	Feb. 16 '01	15,909	15,909	1.16	14.69	5	143,325
51	National Penn Bancshares Boyertown, Pa.	Community Independent Bank Bernville, Pa.	Jul. 24 '00	Jan. 3 '01	13,887	13,663	1.89	N/M	5	105,281
52	Sterling Federal Bank FSB Sterling, Ill.	Marquette Bank Clinton Clinton, Iowa	Dec. 1 '00	Feb. 16 '01	13,000	13,000	1.69	9.85	5	88,309
53	Merchants and Manufacturers Bancorp New Berlin, Wis.	CBOC Inc. Oconto Falls, Wis.	Aug. 9 '00	Jan. 16 '01	14,480	12,871	2.31	19.65	2	56,689
54	First National Bank of Nevada Holding Co. Scottsdale, Ariz.	Rocky Mountain Bank Chandler, Ariz.	Oct. 11 '00	Jan. 31 '01	11,750	11,750	1.46	64.77	10	126,583
55	Firstrust Corp. New Orleans	Metro Bank Kenner, La.	May. 28 '00	Mar. 9 '01	11,209	11,209	2.15	15.72	3	69,296
56	Century Bancshares Washington	GrandBanc Inc. Rockville, Md.	Oct. 11 '00	Mar. 15 '01	8,776	9,322	1.49	79	6	114,063
57	Bank of Hoven Hoven, S.D.	Investment Corp. of America Sioux Falls, S.D.	Nov. 2 '00	Jan. 2 '01	8,092	8,092	1.94	9.08	3	52,019
58	First-West Texas Bancshares Midland, Tex.	Gaines Bancshares Seminole, Tex.	Aug. 21 '00	Jan. 20 '01	7,000	7,000	1.93	9.51	2	44,287
59	First Guaranty Bank Hammond, La.	Woodlands Bancorp Homer, La.	Oct. 27 '99	Jan. 12 '01	7,000	7,000	2.53	N/M	0	22,395
60	State Bank of Allerton Allerton, Ill.	Philo Exchange Bank Philo, Ill.	Oct. 18 '00	Jan. 17 '01	6,715	6,715	1.34	18.35	2	28,827
61	Midwest Community Bancshares Marion, Ill.	Egyptian State Bank Carriers Mills, Ill.	Nov. 16 '00	Feb. 28 '01	4,200	4,200	0.79	21.76	4	39,278
62	Central Bancompany Jefferson City, Mo.	MidAmerica Bank of St. Clair County O'Fallon, Ill.	Nov. 21 '00	Feb. 28 '01	3,700	3,700	0.75	N/M	2	30,640
63	Calumet Bancorp. Chilton, Wis.	State Bank of Stockbridge Stockbridge, Wis.	Oct. 11 '00	Jan. 2 '01	3,000	3,000	1.1	10.56	2	18,190
64	Sooner Southwest Bankshares Tulsa	First National Bancorp of Heavener Heavener, Okla.	Nov. 7 '00	Jan. 1 '01	2,652	2,652	1	44.2	2	34,663
65	1st Financial Bancshares Shawnee Mission, Kan.	Sylvan Agency Inc. Sylvan Grove, Kan.	Oct. 18 '00	Jan. 4 '01	2,560	2,560	2.27	9.2	3	15,419
66	Peoples Bancorp. Marietta, Ohio	Lower Salem Commercial Bank Lower Salem, Ohio	Oct. 2 '00	Feb. 23 '01	2,301	2,446	1.1	N/M	2	24,787
67	Carlson Bancshares West Memphis, Ark.	Lakeside Bancshares Hughes, Ark.	Aug. 26 '00	Feb. 1 '01	2,400	2,400	1.44	7.93	1	21,260
68	Cooper Lake Financial Corp. Cooper, Tex.	Delta Bank Cooper, Tex.	Oct. 6 '00	Feb. 16 '01	2,300	2,300	0.93	8.85	2	19,787
69	Sabine Bancshares Many, La.	Bank of Saline Saline, La.	Oct. 12 '00	Jan. 2 '01	2,100	2,100	1.15	20.79	2	8,499
71	Centre 1 Bancorp Beloit, Wis.	Macktown State Bank Rockton, Ill.	Dec. 15 '00	Feb. 23 '01	N/A	N/A	N/A	N/A	2	80,896
70	Oneida Nation of Wisconsin	Bay Bancorp. Green Bay, Wis.	Dec. 21 '00	Mar. 1 '01	N/A	N/A	N/A	N/A	2	58,507
73	First York Bank Corp. York, Neb.	First National Bank of Stromsburg Stromsburg, Neb.	Oct. 13 '00	Feb. 22 '01	N/A	N/A	N/A	N/A	2	26,197
74	Provident Bank Amesbury, Mass.	Amesbury Co-Op Bank Amesbury, Mass.	Sep. 12 '00	Mar. 1 '01	N/A	N/A	N/A	N/A	0	21,305
72	Southeast Texas Bancshares Beaumont, Tex.	First State Bank Colmesneil, Tex.	Nov. 3 '00	Feb. 2 '01	N/A	N/A	N/A	N/A	2	18,008
75	Mony Group Inc. New York	Advest Group Hartord, Conn.	Aug. 24 '00	Jan. 31 '01	N/A	N/A	N/A	N/A	1	4,860