Bank and Thrift Deals Completed in the First Quarter of 2005
April 20, 2005, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Deals Completed in the First Quarter of 2005
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Published April 20, 2005 | ||||||||||
Buyer | Seller | Deals | Price | Price at closing to: | Sellers | |||||
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