Bank and Thrift Deals Completed in the First Quarter of 2007
April 20, 2007, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Deals Completed in the First Quarter of 2007
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| Ranked by price at completion | ||||||||||
| Rank | Buyer | Seller | Date | Price (millions) | Price at completion to: | Seller's | ||||
| Announced | Completed | Announced | Completed | Equity | 12-month net | Branches | Assets (000s) | |||
| 1 | PNC Financial Services Group Inc. Pittsburgh | Mercantile Bankshares Corp. Baltimore | 10/8/2006 | 3/2/2007 | 6027.1 | 5999.4 | 2.48 | 20.45 | 244 | $17,002,714 |
| 2 | National City Corp. Cleveland | Fidelity Bankshares Inc. West Palm Beach, Fla. | 7/26/2006 | 1/5/2007 | 1038.4 | 1036.2 | 3.41 | 33.18 | 52 | 4,234,980 |
| 3 | Banco Bilbao Vizcaya Argentaria, S.A. Bilbao, Spain | StateNAtional Bancshares Inc. Fort Worth | 6/12/2006 | 1/3/2007 | 480.8 | 480.8 | 2.13 | 23.77 | 43 | 1,692,678 |
| 4 | TD Banknorth Inc. Portland Maine | Interchange Financial Services Corp. Saddle Brook, N.J. | 4/13/2006 | 1/1/2007 | 480.7 | 480.7 | 2.54 | 25.00 | 30 | 1,631,386 |
| 5 | Prosperity Bancshares Inc. Houston | Texas United Bancshares Inc. La Grange | 7/18/2006 | 1/31/2007 | 352.4 | 375.3 | 2.15 | 24.15 | 43 | 1,630,403 |
| 6 | Sterling Financial Corp. Spokane | Northern Empire Bancshares Santa Rosa, Calif. | 9/17/2006 | 2/28/2007 | 335.1 | 324.6 | 2.55 | 17.65 | 12 | 1,328,763 |
| 7 | BMO Financial Group Toronto | FirstNAtional Bank and Trust Co. Kokomo, Ind. | 9/26/2006 | 1/4/2007 | 290.0 | 290.0 | 2.15 | 21.76 | 27 | 1,258,795 |
| 8 | Zions Bancorp. Salt Lake City | Stockmens Bancorp Inc. Kingman, Ariz. | 9/8/2006 | 1/17/2007 | 198.6 | 213.8 | 3.26 | 25.58 | 41 | 1,202,031 |
| 9 | Lehman Brothers Holdings Inc. New York | Capital Crossing Bank Boston | 9/19/2006 | 2/15/2007 | 210.1 | 210.1 | 2.65 | 15.15 | 1 | 1,055,947 |
| 10 | BancorpSouth Inc. Tupelo, Miss. | City Bancorp Springfield, Mo. | 10/31/2006 | 3/1/2007 | 170.0 | 170.0 | 2.24 | 19.05 | 6 | 827,343 |
| 11 | CityNAtional Corp. Beverly Hills | Business Bank Corp. Las Vegas | 10/31/2006 | 2/28/2007 | 161.5 | 168.6 | 3.80 | 22.97 | 7 | 489,740 |
| 12 | Royal Bank of Scotland Group PLC Edinburgh | GreatBanc Inc. Lisle, Ill. | 10/30/2006 | 2/1/2007 | 180.0 | 167.0 | 3.12 | 21.63 | 11 | 1,157,519 |
| 13 | ParkNAtional Corp. Newark, Ohio | Vision Bancshares Inc. Panama City, Fla. | 9/14/2006 | 3/9/2007 | 169.6 | 159.7 | 2.91 | 15.80 | 15 | 695,726 |
| 14 | Iberiabank Corp. Lafayette, La. | Pulaski Investment Corp. Little Rock | 8/9/2006 | 1/31/2007 | 130.0 | 129.1 | 3.18 | 19.33 | 12 | 471,631 |
| 15 | NewAlliance Bancshares Inc. New Haven | Westbank Corp. West Springfield, Mass. | 7/18/2006 | 1/2/2007 | 116.5 | 122.9 | 2.58 | 39.88 | 17 | 821,836 |
| 16 | Washington Federal Inc. Seattle | First Federal Banc of the Southwest Inc. Roswell, N.M. | 10/10/2006 | 2/13/2007 | 99.0 | 99.0 | 1.84 | 18.15 | 12 | 562,286 |
| 17 | National Mercantile Bancorp Los Angeles | FCB Bancorp Camarillo, Calif. | 6/15/2006 | 3/12/2007 | 88.4 | 78.3 | NM | NM | 10 | 480,990 |
| 18 | U.S. Bancorp Minneapolis | United Financial Corp. Great Falls, Mont. | 11/6/2006 | 2/6/2007 | 72.7 | 77.5 | 2.45 | 17.79 | 13 | 418,071 |
| 19 | OldNAtional Bancorp Evansville, Ind. | St. Joseph Capital Corp. Mishawaka, Ind. | 10/21/2006 | 2/1/2007 | 77.3 | 77.3 | 2.47 | 28.57 | 2 | 490,906 |
| 20 | Iberiabank Corp. Lafayette, La. | Pocahontas Bancorp Inc. Jonesboro, Ark. | 7/26/2006 | 2/1/2007 | 79.0 | 75.8 | 1.43 | 33.40 | 21 | 732,944 |
| 21 | First State Bancorp. Albuquerque | Front Range Capital Corp. Broomfield, Colo. | 10/4/2006 | 3/1/2007 | 72.0 | 72.0 | 3.34 | NM | 14 | 451,258 |
| 22 | Dearborn Bancorp Inc. Mich. | Fidelity Financial Corp. of Michigan Birmingham | 9/14/2006 | 1/4/2007 | 70.5 | 70.5 | 2.42 | 20.38 | 7 | 248,109 |
| 23 | Industrial Bank of Taiwan Taipei | Evertrust Bank City of Industry, Calif. | 7/14/2006 | 3/30/2007 | 63.5 | 65.0 | 2.35 | 21.19 | 4 | 331,058 |
| 24 | Sandy Spring Bancorp Inc. Olney, Md. | Potomac Bank of Virginia Fairfax | 10/10/2006 | 2/15/2007 | 66.0 | 64.7 | 2.54 | 35.76 | 4 | 247,414 |
| 25 | Whitney Holding Corp. New Orleans | Signature Financial Holdings Inc. St. Petersburg, Fla. | 10/4/2006 | 3/2/2007 | 62.0 | 62.0 | 2.75 | 45.99 | 7 | 258,314 |
| 26 | Castle Creek Capital LLC Rancho Santa Fe, Calif. | Bankshares Inc. Melbourne, Fla. | 6/20/2006 | 1/5/2007 | 45.0 | 45.0 | 2.82 | 17.34 | 3 | 204,528 |
| 27 | Sun American Bancorp Miami | Independent Community Bank Tequesta, Fla. | 11/17/2006 | 3/30/2007 | 40.9 | 39.7 | 2.74 | 19.52 | 1 | 122,672 |
| 28 | First Banks Inc. Clayton, Mo. | Royal Oaks Bancshares Inc. Houson | 11/7/2006 | 2/28/2007 | 38.6 | 38.6 | 3.06 | 38.48 | 4 | 180,379 |
| 29 | Enterprise Financial Services Corp. St. Louis | Clayco Banc Corp. De Soto, Kan. | 11/22/2006 | 2/28/2007 | 37.0 | 37.0 | 2.79 | 14.52 | 2 | 202,179 |
| 30 | Heartland Bancorp Inc. Bloomington, Ill. | First Federal Bancshares Inc. Colchester, Ill. | 11/3/2006 | 3/12/2007 | 30.3 | 30.3 | 1.38 | 48.94 | 9 | 339,823 |
| 31 | Kleberg and Co. Bankers Inc. Kingsville, Tex. | Brazosport Corp. Corpus Christi | 8/7/2006 | 1/5/2007 | 30.0 | 30.0 | 3.75 | 12.71 | 4 | 119,888 |
| 32 | Commerce Bancshares Inc. Kansas City, Mo. | South Tulsa Financial Corp.Okla. | 12/4/2006 | 3/30/2007 | 26.3 | 27.3 | 2.16 | 17.60 | 2 | 124,219 |
| 33 | CP Capital Asset Acquisition Inc. Miami | Security Bank North Lauderdale, Fla. | 4/13/2006 | 1/16/2007 | 18.3 | 25.1 | 2.00 | 21.16 | 7 | 117,851 |
| 34 | United Security Bancshares Fresno | Legacy Bank Campbell, Calif. | 10/5/2006 | 2/16/2007 | 23.7 | 23.7 | 2.22 | 59.09 | 1 | 81,241 |
| 35 | Gardiner Savings Institution FSB Maine | First Citizens Bank Presque Isle, Maine | 7/26/2006 | 1/16/2007 | 20.9 | 20.9 | 1.65 | 33.02 | 5 | 134,892 |
| 36 | Atlantic Southern Financial Group Inc. Macon, Ga. | First Community Bank of Georgia Roberta | 9/15/2006 | 1/31/2007 | 17.7 | 19.4 | 2.44 | 18.43 | 3 | 72,924 |
| 37 | Plains Bancorp Inc. Dimmitt, Tex. | FirstNAtional Bank of Lamesa Tex. | 8/23/2006 | 1/5/2007 | 18.6 | 18.6 | 1.72 | 20.78 | 1 | 115,585 |
| 38 | Sterling Banks Inc. Mount Laurel, N.J. | Farnsworth Bancorp Inc. Bordentown, N.J. | 6/23/2006 | 3/16/2007 | 18.9 | 17.2 | 1.98 | NM | 4 | 105,578 |
| 39 | First Internet Bancorp Indianapolis | Landmark Financial Corp. Indianapolis | 8/25/2006 | 1/1/2007 | 12.0 | 12.0 | 1.65 | 19.45 | 1 | 64,825 |
| 40 | Blue Valley Ban Corp Overland Park, Kan. | Unison Bancorp Inc. Lenexa, Kan. | 11/2/2006 | 2/16/2007 | 10.1 | 10.1 | 1.85 | NM | 1 | 35,946 |
| 41 | Brooke Corp. Overland Park, Kan. | Generations Bank Kansas City, Mo. | 1/23/2006 | 1/8/2007 | 10.1 | 10.1 | 1.05 | 12.56 | 1 | 65,171 |
| 42 | Linco Bancshares Inc. Clayton, Mo. | Centennial Bancshares Corp. Elsberry, Mo. | 11/3/2006 | 1/23/2007 | 9.8 | 9.8 | 2.03 | 48.54 | 1 | 34,503 |
| 43 | Bradford Bank MHC Baltimore | Valley Bancorp Inc. Hunt Valley, Md. | 7/28/2006 | 1/19/2007 | 9.6 | 9.6 | 1.86 | 23.94 | 2 | 49,893 |
| 44 | Nodaway Valley Bancshares Inc. Maryville, Mo. | Exchange Bank Mound City, Mo. | 12/26/2006 | 3/12/2007 | 5.2 | 5.2 | NA | NA | 1 | 18,460 |
| 45 | InsCorp Inc.NAshville, Tenn. | Insurors Bank of TennesseeNAshville | 8/25/2006 | 2/5/2007 | 4.5 | 4.6 | 1.50 | 26.66 | 1 | 81,020 |
| 46 | Community Bancshares of Kansas Inc. Goff | Nemaha Investment Co. Inc. Overland Park, Kan. | 5/31/2006 | 3/9/2007 | 1.3 | 1.3 | 1.21 | 20.97 | 1 | 5,832 |
| 47 | Arvest Bank Group Inc. Bentonville, Ark. | Caney Valley Bancshares Inc. Kan. | 9/13/2006 | 1/5/2007 | NA | NA | NA | NA | 1 | 43,018 |
| 48 | Danvers Bancorp Inc. Mass. | BankMalden Co-operative Bank Malden, Mass. | 10/27/2006 | 2/23/2007 | NA | NA | NA | NA | 1 | 49,941 |
| 49 | International Bancshares Corp. Laredo, Tex. | Southwest First Community Inc. Beeville,Tex. | 12/1/2006 | 3/16/2007 | NA | NA | NA | NA | 4 | 127,130 |
| 50 | Intrust Financial Corp. Wichita | First State Bank Junction City, Kan. | 1/10/2007 | 3/19/2007 | NA | NA | NA | NA | 2 | 39,493 |
| 51 | Woodlands Financial LLC Beaufort, S.C. | Gulf Federal Bank Mobile, Ala. | 9/12/2006 | 1/26/2007 | NA | NA | NA | NA | 2 | 18,711 |
Source:
SNL Finanical
, Charlottesville, Va.© 2007 American Banker