Bank and Thrift Deals Completed in the Fourth Quarter of 2003

January 22, 2004, 10:08 a.m. EST 1 Min Read

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Bank and Thrift Deals Completed in the Fourth Quarter of 2003
Ranked by price at completion. Dollars in thousands Published January 14, 2004
			Date		Price		Price at completion to:		Seller's
	Buyer	Seller	Announced	Completed	Announced	Completed	Equity	12-month net	Branches	Assets
1	New York Community Bancorp Inc. Westbury	Roslyn Bancorp Jericho, N.Y.	6/27	10/31	$1,614,084	$2,168,083	3.83%	13.80%	35	$10,809,449
2	Wells Fargo & Co. San Francisco	Pacific Northwest Bancorp Seattle	5/19	10/31	624,911	706,171	2.45	22.46	57	3,084,190
3	PNC Financial Services Group Pittsburgh	United National Bancorp Bridgewater, N.J.	8/21	12/31	649,121	692,733	2.59	26.16	52	3,149,528
4	Cathay Bancorp Inc. Los Angeles	GBC Bancorp Los Angeles	5/7	10/20	453,097	484,423	2.21	NM	21	2,406,685
5	MAF Bancorp Inc. Clarendon Hills, Ill.	St. Francis Capital Corp. Brookfield, Wis.	5/21	12/1	263,623	357,707	1.72	13.45	23	2,254,341
6	Sterling Financial Corp. Spokane	Klamath First Bancorp Inc. Klamath Falls, Ore.	7/15	12/31	147,293	186,117	1.48	74.16	51	1,537,118
7	South Financial Group Inc. Greenville, S.C.	MountainBank Financial Corp. Hendersonville, N.C.	5/14	10/3	139,732	151,956	2.22	19.61	17	959,116
8	Keystone Savings Bank Bethlehem, Pa.	First Colonial Group Inc. Nazareth, Pa.	3/6	10/31	85,446	148,753	3.32	33.25	17	642,244
9	United Bankshares Inc. Charleston, W.Va.	Sequoia Bancshares Inc. Bethesda, Md.	4/7	10/10	111,008	119,269	3.69	17.96	12	539,617
10	Citizens Financial Group Inc. Providence, R.I.	Community Bancorp Inc. Hudson, Mass.	7/30	10/31	116,906	117,566	2.84	20.91	11	457,270
11	First Midwest Bancorp Inc. Itasca, Ill.	CoVest Bancshares Inc. Des Plaines, Ill.	9/11	12/31	102,441	102,372	1.84	14.56	3	609,137
12	FirstBank North West Corp. Lewiston, Idaho	Oregon Trail Financial Corp. Baker City	2/24	10/31	73,151	85,522	1.31	15.73	9	370,149
13	Community Bank System Inc. De Witt, N.Y.	Grange National Banc Corp. Tunkhannock, Pa.	6/9	11/24	80,138	83,976	2.83	18.82	13	284,983
14	First Federal Capital Corp. La Crosse, Wis.	Liberty Bancshares Inc. St. Paul	4/10	10/13	76,359	80,500	2.05	16.02	1	402,933
15	BancTrust Financial Group Inc. Mobile, Ala.	CommerceSouth Inc. Eufaula, Ala.	5/28	12/30	77,102	77,718	2.28	19.54	11	317,792
16	Franklin Bank Corp. Houston	Jacksonville Bancorp Inc. Tex.	8/12	12/30	73,664	72,736	1.55	10.74	10	471,747
17	1867 Western Financial Corp. Stockton, Calif.	Central Valley Bancorp Modesto, Calif.	6/19	11/17	66,804	66,804	2.28	17.21	4	304,598
18	Chemical Financial Corp. Midland, Mich.	Caledonia Financial Corp. Mich.	9/25	12/1	55,300	55,300	3.01	15.98	4	209,863
19	Home Bancshares Inc. Conway, Ark.	Russellville Bancshares Inc. Jonesboro, Ark.	12/23	12/23	54,000	54,000	1.41	10.45	4	399,347
20	Banknorth Group Inc. Portland, Maine	First and Ocean BanCorp Newburyport, Mass.	9/3	12/31	50,989	50,989	2.38	20.84	8	273,861
21	Prosperity Bancshares Inc. Houston	MainBancorp Inc. Austin	7/21	10/31	40,640	43,750	1.91	43.58	5	195,845
22	Home Bancshares Inc. Conway, Ark.	Community Financial Group Inc. Cabot, Ark.	8/5	11/30	43,000	43,000	1.53	47.6	9	311,560
23	Sky Financial Group Inc. Bowling Green, Ohio	GLB Bancorp Inc. Mentor, Ohio	7/16	10/19	39,878	42,665	1.4	29.53	13	206,713
24	Colonial BancGroup Inc. Montgomery, Ala.	Sarasota BanCorp. Inc. Fla.	6/26	10/23	39,854	40,200	2.9	18.44	1	168,269
25	National Penn Bancshares Inc. Boyertown, Pa.	HomeTowne Heritage Bank Lancaster, Pa.	5/1	12/12	37,601	37,601	2.61	47.66	2	144,119
26	Merchants and Manufacturers Bancorp Brookfield, Wis.	Reedsburg Bancorp. Inc. Wis.	4/24	11/1	36,000	36,255	2.04	16.15	4	142,925
27	Webster Financial Corp. Waterbury, Conn.	North American Bank and Trust Co. Waterbury, Conn.	6/5	11/7	29,900	32,823	2.15	28.75	11	197,646
28	Adam Corp. Group Bryan, Tex.	Beltline Bancshares Inc. Dallas	8/27	12/15	30,600	30,600	2.24	NM	6	187,352
29	First Commonwealth Financial Corp. Indiana, Pa.	Pittsburgh Financial Corp. Wexford, Pa.	8/8	12/5	30,783	30,346	1.23	43.34	7	376,450
30	Greene County Bancshares Inc. Greeneville, Tenn.	Independent Bankshares Corp. Gallatin, Tenn.	6/18	11/21	30,110	28,423	1.81	19.81	7	172,842
31	LandAmerica Financial Group Inc. Richmond	Orange County Bancorp Fountain Valley, Calif.	4/25	12/1	27,600	27,600	1.19	5.77	1	255,773
32	Univest Corp. of Pennsylvania Souderton, Pa.	Suburban Community Bank Feasterville, Pa.	5/16	10/3	24,135	24,135	2.12	27.6	2	91,131
33	Mid-State Bancshares Arroyo Grande, Calif.	Ojai Valley Bank Ojai, Calif.	6/30	10/31	20,245	23,691	3.03	23.43	2	88,397
34	Western Sierra Bancorp Cameron Park, Calif.	Auburn Community Bancorp Calif.	8/21	12/12	18,973	23,212	2.81	18.33	3	89,772
35	Kentucky Bancshares Inc. Paris	Kentucky First Bancorp Inc. Cynthiana	7/8	11/7	22,239	22,239	1.55	23.53	2	74,515
36	Prosperity Bancshares Inc. Houston	First State Bank of North Texas Cedar Hill	10/6	12/9	21,413	21,264	2.18	7.98	4	93,792
37	Centrue Financial Corp. Kankakee, Ill.	Aviston Financial Corp. Trenton, Ill.	5/28	10/9	13,495	18,729	1.72	49.47	2	98,273
38	BancFirst Corp. Oklahoma City	Lincoln National Bancorp. Oklahoma City	7/30	10/14	17,762	17,762	1.69	NM	4	117,082
39	Sterling Bancshares Inc. Houston	South Texas Capital Group Inc. San Antonio	8/19	10/31	17,511	17,438	3.09	11.86	3	82,821
40	Great River Holding Co. Morris, Minn.	First Federal Holding Co. Morris, Minn.	6/11	11/18	14,000	14,000	1.75	14.48	3	77,913
41	State Financial Services Corp. Milwaukee	Lakes Region Bancorp Inc. Grayslake, Ill.	6/20	12/8	13,500	13,500	2.12	19.26	2	83,032
42	Northwest Financial Corp. Spencer, Iowa	First Heartland Bancorp Sioux Center, Iowa	8/29	11/10	11,850	11,850	1.51	13.99	1	87,037
43	Heritage Oaks Bancorp Paso Robles, Calif.	Hacienda Bank Santa Maria, Calif.	6/11	10/31	10,691	11,706	1.88	28.78	3	79,936
44	Carlinville National Bank Shares Ill.	Cornerstone Bank and Trust Carrollton, Ill.	3/17	10/17	11,300	11,300	1.64	14.73	3	93,964
45	Southwest Security Inc. Natchez, Miss.	Commercial Bank Woodville, Miss.	8/7	10/31	11,172	11,172	1.28	16.88	3	60,173
46	Wintrust Financial Corp. Lake Forest, Ill.	Village Bancorp Inc. Arlington Hights, Ill.	8/7	12/5	9,000	10,910	2.17	22.3	2	73,959
47	Bunker Hill Bancorp Inc. St. Louis	NS&L Bancorp Inc. Neosho, Mo.	5/23	10/9	10,600	10,600	1.47	34.98	1	67,341
48	Blue River Bancshares Inc. Shelbyville, Ind.	Unified Banking Co. Lexington, Ky.	6/9	11/19	8,200	8,200	1.16	38.32	1	80,631
49	Tradition Bank * Houston	First National Bank of Bellaire * Houston	7/18	10/2	8,087	8,087	1.15	12.58	1	82,949
50	Farmers and Merchants Bancshares * Houston	Houston Commercial Bank *	6/19	10/31	8,021	8,021	1.49	41.56	1	37,100
51	First Fontanelle Bancorp Inc. Iowa	Corn Belt Bancorp. Anita, Iowa	7/15	10/17	7,725	7,725	1.56	13.77	3	47,735
52	State Financial Services Corp. Milwaukee	Hawthorn Corp. Mundelein, Ill.	9/15	12/8	6,400	6,400	2.71	NM	1	45,505
53	Red River Bancshares Inc. Alexandria, La.	Bank of Lecompte La.	6/5	10/31	5,884	5,931	1.05	24.21	3	42,921
54	Premier Bancshares Inc. Dallas	Synergy Bank Waco, Tex.	2/17	10/24	5,928	5,928	1.25	6.01	1	107,493
55	First National Bancorp Inc. Libby, Mont.	Montana First National Bancorp. Kalispell	1/2	11/22	5,512	5,512	1.55	12.89	1	27,195
56	Community Central Bank Corp. Mount Clemens, Mich.	North Oakland Community Bank Rochester Hills, Mich.	7/9	10/17	4,389	4,389	1.42	NM	1	32,095
57	New England Bancshares Inc. Enfield, Conn.	Windsor Locks Community Bank Conn.	1/22	12/12	3,350	3,221	1.39	20.13	2	37,334
58	Tomah Bancshares Inc. Wis.	Wabeno Bancorp Inc. Wis.	6/10	11/10	2,666	2,666	1.92	49.37	2	13,925
59	Campbell Hill Bancshares Inc. Ill.	Southwest Illinois Bancshares Inc. Coulterville, Ill.	7/24	10/1	2,313	2,313	1.2	15.63	1	16,163
60	Quality Bankshares Inc. Fingal, N.D.	Page Bank Holding Co. Page, N.D.	7/15	10/23	890	890	1.73	NM	1	7,736
61	IBC Bancorp Inc. Chicago	Sable Bancshares Inc. Chicago	11/25	11/25	NA	NA	NA	NA	1	50,689
62	First Nebraska Bancs Inc. Sidney	Deuel County Interstate Banc Co. Chappell, Neb.	10/1	10/31	NA	NA	NA	NA	2	62,622
63	Perry Investment Co. Coon Rapids, Iowa	Dallas Investment Co. Coon Rapids, Iowa	8/1	10/27	NA	NA	NA	NA	3	69,978
64	Vision Bancshares Inc. Laredo, Tex.	Somerset Bancshares Corp. Tex.	8/15	10/24	NA	NA	NA	NA	1	18,725
65	First Citizens BancShares Inc. Raleigh	Avery County Bank Newland, N.C.	5/28	10/20	NA	NA	NA	NA	1	73,466
66	River Valley Bancorp Inc. Davenport, Iowa	Cedar Valley Holding Co. St. Ansgar, Iowa	6/24	10/1	NA	NA	NA	NA	1	12,330

*Merger-of-equals transaction
Source: Sheshunoff Information Services, a division of Thomas Corp.
© 2004 American Banker