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Bank and Thrift Deals Completed in the First Quarter of 2005

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Bank and Thrift Deals Completed in the First Quarter of 2005

Bank and Thrift Deals Completed in the First Quarter of 2005
Ranked by price at closing. Dollars in thousands
Published April 20, 2005
  Buyer Seller Deals Price Price at closing to: Seller’s
Announced Completed Announced Completed Equity 12-month net Branches Assets
1 Toronto-Dominion Bank Toronto Banknorth Group Inc. Portland, Maine Aug. 26 March 01 $3,671,253 $3,926,530 2.42 19.65 373 $29,275,790
2 Fifth Third Bancorp Cincinnati First National Bankshares of Florida Inc. Naples Aug. 2 Jan. 1 1,525,389 1,479,049 2.08 41.05 77 4,087,319
3 Sovereign Bancorp Inc. Philadelphia Waypoint Financial Corp. Harrisburg, Pa. March 9 ’04 Jan. 21 981,207 995,841 2.25 27.66 65 5,329,902
4 First Niagara Financial Group Inc. Lockport, N.Y. Hudson River Bancorp Inc. Hudson, N.Y. April 2 ’04 Jan. 14 621,008 602,162 1.97 17.71 52 2,618,830
5 Colonial BancGroup Inc. Montgomery, Ala. Union Bank of Florida Weston Sept. 28 Feb. 10 233,000 233,000 2.74 14.1 18 1,052,505
6 Banknorth Group Inc. Portland, Maine BostonFed Bancorp Inc. Burlington, Mass. June 21 Jan. 21 195,190 217,783 2.13 59.47 16 1,667,866
7 Popular Inc. Hato Rey, Puerto Rico Kislak Financial Corp. Miami Lakes, Fla. Aug. 17 Jan. 3 158,000 158,000 2.49 14.18 8 962,115
8 Westamerica Bancorp. San Rafael, Calif. Redwood Empire Bancorp Santa Rosa, Calif. Aug. 25 March 01 148,002 147,261 4.83 21.03 10 515,421
9 Prosperity Bancshares Inc. Houston FirstCapital Bankers Inc. Corpus Christi, Tex. Oct. 26 March 01 135,700 142,400 2.21 25.1 33 770,974
10 Marshall Bancorp Inc. Minneapolis BankFirst Corp. Sioux Falls, S.D. Sept. 23 Jan. 4 138,000 138,000 1.02 3.47 5 676,750
11 Valley National Bancorp Wayne, N.J. Shrewsbury Bancorp N.J. Dec. 2 March 31 135,960 135,960 2.22 23.04 11 424,588
12 WesBanco Inc. Wheeling, W.Va. Winton Financial Corp. Cincinnati Aug. 25 Jan. 3 103,985 121,628 2.39 24.36 8 553,744
13 F.N.B. Corp. Hermitage, Pa. NSD Bancorp Inc. Pittsburgh Oct. 15 Feb. 18 136,415 120,871 3.03 29.45 13 517,317
14 Wintrust Financial Corp. Lake Forest, Ill. Antioch Holding Co. Ill. Oct. 15 Jan. 18 95,000 95,000 2.74 37.97 4 444,681
15 First BanCorp Santurce, Puerto Rico Ponce General Corp. Miami Nov. 22 March 31 82,950 82,950 1.84 12.11 11 471,378
16 ESB Financial Corp. Ellwood City, Pa. PHSB Financial Corp. Beaver Falls, Pa. Aug. 12 Feb. 11 82,655 82,223 1.68 25.79 11 323,003
17 Monmouth Community Bancorp* Long Branch, N.J. Allaire Community Bank* Sea Girt, N.J. June 30 Jan. 1 52,529 76,645 4.24 37.97 6 189,161
18 Peoples Holding Co. Tupelo, Miss. Heritage Financial Holding Corp. Decatur, Ala. July. 15 Jan. 1 73,440 74,027 2.14 NM 8 545,747
19 Brookline Bancorp Inc. Mass. Mystic Financial Inc. Medford, Mass. July. 07 Jan. 7 $66,380 68,677 2.29 $38.79 7 $441,192
20 Home Bancshares Inc. Conway, Ark. TCBancorp Inc. Cabot, Ark. Nov. 23 Jan. 21 54,296 54,296 1.3 32.81 9 558,741
21 Park National Corp. Newark, Ohio First Clermont Bank Milford, Ohio Sept. 24 Jan. 3 52,500 52,500 2.11 54.18 10 202,427
22 Iberiabank Corp. Lafayette, La. American Horizons Bancorp Inc. Monroe, La. Sept. 29 Jan. 31 48,200 51,522 2.11 20.18 8 265,336
23 First National Lincoln Corp. Damariscotta, Maine FNB Bankshares Bar Harbor, Maine Aug. 26 Jan. 14 48,042 45,684 2.43 17.07 7 227,569
24 Wintrust Financial Corp. Lake Forest, Ill. First Northwest Bancorp Inc. Arlington Heights, Ill. Nov. 17 March 31 45,066 42,169 2.87 17 2 267,781
25 Glacier Bancorp Inc. Kalispell, Mont. First National Banks-West Co. Evanston, Wyo. Nov. 22 March 01 41,000 41,000 2.37 9.64 7 232,800
26 First Defiance Financial Corp. Defiance, Ohio ComBanc Inc. Delphos, Ohio Aug. 4 Jan. 21 38,030 39,217 1.69 NM 6 208,813
27 Texas Regional Bancshares McAllen Mercantile Bank and Trust FSB Dallas Oct. 8 Jan. 18 35,640 35,640 2.33 NM 4 170,277
28 Kentucky First Federal Bancorp Hazard Frankfort First Bancorp Inc. Ky. July. 16 March 02 31,188 31,330 1.74 34.14 4 138,118
29 GBank and Trust Bancshares Inc. Gainesville, Ga. FNBG Bancshares Inc. Duluth, Ga. Oct. 4 March 01 27,707 27,707 2.25 26.45 2 116,026
30 CVB Financial Corp. Ontario, Calif. Granite State Bank Monrovia, Calif. Oct. 21 March 01 27,000 27,000 2.17 60.2 2 112,771
31 Liberty Bancshares Inc. Jonesboro, Ark. TrustBanc Financial Group Inc. Mountain Home, Ark. Dec. 9 March 15 26,662 26,662 2.51 28.07 1 114,512
32 Webster Financial Corp. Waterbury, Conn. Eastern Wisconsin Bancshares Howards Grove Sept. 7 March 01 26,000 26,000 3.47 NM 2 156,746
33 First Financial Bankshares Inc. Abilene, Tex. Clyde Financial Corp. Tex. Oct. 25 Feb. 1 25,400 25,400 1.96 46.69 4 115,413
34 Premier Valley Bank Fresno Yosemite Bank Mariposa, Calif. Oct. 22 March 30 24,915 24,915 1.97 8.32 5 163,260
35 Investor group Minn. Security State Agency Aitkin, Minn. Nov. 1 Jan. 7 19,000 19,000 1.92 6.86 3 91,187
36 Mabrey Bancorp. Inc. Okmulgee, Okla. CSB Inc. Bixby, Okla. May 20 Jan. 1 15,500 15,500 2.08 16.44 3 216,506
37 Investor group Fla. Liberty Bancorp. Longwood, Fla. April 1 ’04 Jan. 1 15,400 15,400 2.24 NM 4 71,302
38 Argentum Capital Management LLC Durham, N.C. Smith River Community Bank Martinsville, Va. Jan. 13 March 23 6,500 6,500 1.46 36.72 3 59,463
39 FSB Bancshares Inc. Henderson, Tenn. Friendship Bancshares Inc. Tenn. Sept. 15 Jan. 7 4,630 4,630 1.42 6.67 4 82,805
40 Porter Bancorp Inc. Shepherdsville, Ky. Citizens Financial Bank Inc. Glasgow, Ky. Oct. 22 Jan. 28 4,121 4,121 1.02 NM 1 41,291
41 Centennial Bancshares Inc. Little Rock Pine State Bancshares Inc. Kingsland, Ark. Nov. 11 Jan. 7 2,750 2,750 1.8 18.71 4 18,356
42 Citigroup Inc. New York Adam Corp. Group Bryan, Tex. Aug. 24 March 31 NA NA NA NA 108 3,491,720
43 Eastern Bank Corp. MHC Boston Plymouth Bancorp Inc. MHC Wareham, Mass. July. 08 Jan. 1 NA NA NA NA 18 1,470,834
44 American Bankshares Inc. Welch, W.Va. Steel Valley Bank Dillonvale, Ohio Sept. 8 Jan. 3 NA NA NA NA 3 55,753
45 Sidell Bancorp Inc. Sidell, Ill. First National Bank in Homer Ill. June 25 Jan. 14 NA NA NA NA 1 12,122
46 Keystone Investment Inc. Neb. Elsie Inc. Neb. Nov. 2 Jan. 1 NA NA NA NA 1 12,059


*Merger-of-equals agreement.
NA = not available. NM = not meaningful.
Source: Highline Banking Data Services (877-305-6657)
© 2005 American Banker

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