Bank and Thrift Deals Completed in the Fourth Quarter of 2004
January 20, 2005, 10:08 a.m. EST 1 Min Read
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Bank and Thrift Deals Completed in the Fourth Quarter of 2004
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Published January 20, 2005 | ||||||||||
Related Table: Top 10 in Price at Closing to Equity/Price to 12-month Net | ||||||||||
Rank | Buyer | Seller | Date | Date | Price at closing to: | Seller's | ||||
Announced | Completed | Announced | At closing | Equity | 12-month net | Branches | Assets | |||
1 | Wachovia Corp. Charlotte | SouthTrust Corp. Birmingham, Ala. | June 21 | Nov. 1 | $14,266,628 | $14,983,643 | 3.27 | 19.79 | 708 | $52,910,368 |
2 | SunTrust Banks Inc. Atlanta | National Commerce Financial Corp. Memphis | May 09 | Oct. 1 | 7,025,030 | 7,308,784 | 2.57 | 20.31 | 483 | 24,044,117 |
3 | North Fork Bancorp. Melville, N.Y. | GreenPoint Financial Corp. New York | Feb. 16 | Oct. 1 | 6,272,304 | 6,334,424 | 3.15 | 13.73 | 86 | 25,955,000 |
4 | BancWest Corp. Honolulu | Community First Bankshares Fargo | March 16 | Nov. 1 | 1,216,815 | 1,218,464 | 3.44 | 16.79 | 156 | 5,574,395 |
5 | Associated Banc-Corp. Green Bay, Wis. | First Federal Capital Corp. La Crosse, Wis. | April 28 | Oct. 29 | 613,689 | 761,639 | 2.62 | 20.47 | 61 | 3,684,746 |
6 | Centennial Bank Holdings Inc. Eaton, Colo. | Guaranty Corp. Denver | Sept. 1 | Dec. 31 | 365,000 | 365,000 | 3.33 | 26.27 | 16 | 1,408,924 |
7 | UnionBanCal Corp. San Francisco | Jackson Federal Bank Brea, Calif. | July 02 | Oct. 28 | 305,000 | 306,400 | 1.41 | 12.07 | 16 | 1,907,521 |
8 | BancWest Corp. Honolulu | USDB Bancorp Stockton, Calif. | April 27 | Nov. 1 | 244,985 | 244,985 | 2.61 | 19.49 | 21 | 1,128,350 |
9 | KeyCorp Cleveland | EverTrust Financial Group Inc. Everett, Wash. | June 25 | Oct. 15 | 194,480 | 195,521 | 1.95 | 24.93 | 14 | 769,020 |
10 | National City Corp. Cleveland | Wayne Bancorp Inc. Wooster, Ohio | June 04 | Oct. 5 | 181,883 | 181,435 | 1.84 | 19.47 | 26 | 811,017 |
11 | Omega Financial Corp. State College, Pa. | Sun Bancorp Inc. Lewisburg, Pa. | April 20 | Oct. 1 | 181,989 | 177,511 | 2.07 | 32.05 | 25 | 1,045,677 |
12 | Southwest Bancorp. of Texas Houston | Klein Bancshares Inc. Spring, Tex. | May 20 | Oct. 1 | 165,000 | 165,000 | 3.46 | 18.53 | 27 | 596,703 |
13 | Bank of Montreal Toronto | Mercantile Bancorp Inc. Hammond, Ind. | Oct. 13 | Dec. 30 | 157,971 | 157,971 | 1.85 | 31.54 | 18 | 794,114 |
14 | Provident Bancorp Inc. Montebello, N.Y. | Warwick Community Bancorp Inc. N.Y. | March 16 | Oct. 1 | 153,403 | 153,895 | 2.17 | NM | 11 | 717,953 |
15 | Fulton Financial Corp. Lancaster, Pa. | First Washington FinancialCorp. Windsor, N.J. | June 14 | Dec. 31 | 123,411 | 146,562 | 3.62 | 25.80 | 16 | 486,317 |
16 | MAF Bancorp Inc. Clarendon Hills, Ill. | Chesterfield Financial Corp. Chicago | June 05 | Oct. 31 | 128,454 | 127,833 | 1.62 | 61.09 | 3 | 362,241 |
17 | MidCountry Financial Corp. Macon, Ga. | FSF Financial Corp. Hutchinson, Minn. | May 14 | Nov. 1 | 89,173 | 89,295 | 1.62 | 19.24 | 13 | 510,809 |
18 | F.N.B. Corp. Hermitage, Pa. | Slippery Rock Financial Corp. Pa. | May 06 | Oct. 8 | 78,943 | 86,008 | 2.90 | NM | 9 | 330,096 |
19 | Capital City Bank Group Inc. Tallahassee, Fla. | Farmers and Merchants Bank Dublin, Ga. | May 13 | Oct. 15 | 66,545 | 66,511 | 2.22 | 5.84 | 3 | 403,370 |
20 | First Banks Inc. Clayton, Mo. | Hillside Investors Ltd. Ill. | Aug. 13 | Nov. 30 | 62,000 | 62,000 | 1.30 | NM | 16 | 1,325,661 |
21 | Sky Financial Group Inc. Bowling Green, Ohio | Prospect Bancshares Inc. Worthington, Ohio | Sept. 15 | Nov. 30 | 46,900 | 51,600 | 2.90 | 19.58 | 4 | 202,344 |
22 | Placer Sierra Bancshares Sacramento | First Financial Bancorp Lodi, Calif. | Sept. 8 | Dec. 10 | 51,000 | 51,000 | 2.11 | 23.47 | 9 | 333,265 |
23 | Columbia Banking System Inc. Tacoma | Bank of Astoria Ore. | June 07 | Oct. 1 | 46,975 | 50,308 | 3.30 | 20.90 | 5 | 154,507 |
24 | Sterling Financial Corp. Lancaster, Pa. | Pennsylvania State Banking Co. Camp Hill | June 14 | Dec. 2 | 44,245 | 47,287 | 2.93 | 44.27 | 6 | 209,215 |
25 | Park National Corp. Newark, Ohio | First Federal Bancorp Inc. Zanesville, Ohio | Aug. 3 | Dec. 31 | 45,937 | 46,392 | 1.88 | 26.78 | 7 | 258,395 |
26 | United Community Banks Inc. Blairsville, Ga. | Liberty National Bancshares Inc. Conyers, Ga. | Aug. 26 | Dec. 2 | 37,440 | 44,618 | 3.49 | NM | 3 | 179,362 |
27 | Texas United Bancshares Inc. La Grange, Tex. | GNB Bancshares Inc. Gainesville, Tex. | April 29 | Oct. 1 | 44,726 | 44,040 | 2.27 | 77.40 | 7 | 223,635 |
28 | First Community Corp. Lexington, S.C. | DutchFork Bancshares Inc. Newberry, S.C. | April 13 | Oct. 1 | 50,884 | 42,150 | 1.36 | 30.15 | 4 | 202,889 |
29 | Wintrust Financial Corp. Lake Forest, Ill. | Town Bankshares Ltd. Delafield, Wis. | June 14 | Oct. 15 | 41,438 | 41,247 | 2.15 | 20.69 | 2 | 237,983 |
30 | Liberty Bancshares Inc. Jonesboro, Ark. | Arkansas State Bancshares Inc. Siloam Springs | June 25 | Oct. 4 | 39,663 | 39,663 | 1.55 | 34.22 | 5 | 171,359 |
31 | Parkvale Financial Corp. Monroeville, Pa. | Advance Financial Bancorp Wellsburg, W.Va. | Sept. 1 | Dec. 31 | 38,122 | 37,733 | 1.62 | 15.19 | 6 | 313,553 |
32 | Leesport Financial Corp. Wyomissing, Pa. | Madison Bancshares Group Ltd. Blue Bell, Pa. | April 16 | Oct. 1 | 41,366 | 35,623 | 2.12 | 21.95 | 10 | 215,626 |
33 | BancorpSouth Inc. Tupelo, Miss. | Business Holding Corp. Baton Rouge, La. | Sept. 17 | Dec. 31 | 34,400 | 35,495 | 2.41 | 24.23 | 1 | 163,818 |
34 | Webster Financial Corp. Waterbury, Conn. | First City Bank New Britain, Conn. | July 19 | Dec. 3 | 33,125 | 34,524 | 2.42 | 17.71 | 4 | 187,217 |
35 | Boston Private Financial Holdings Boston | Encino State Bank Calif. | June 15 | Oct. 1 | 33,099 | 33,099 | 2.75 | 36.49 | 3 | 188,915 |
36 | First Citizens Banc Corp. Sandusky, Ohio | FNB Financial Corp. Shelby, Ohio | March 04 | Oct. 8 | 35,464 | 32,022 | 1.27 | NM | 8 | 201,040 |
37 | American River Bankshares Sacramento | Bank of Amador Jackson, Calif. | July 09 | Dec. 3 | 32,026 | 31,339 | 1.99 | 14.94 | 3 | 129,009 |
38 | BancorpSouth Inc. Tupelo, Miss. | Premier Bancorp Inc. Brentwood, Tenn. | Sept. 17 | Dec. 31 | 30,300 | 31,103 | 3.42 | 26.56 | 1 | 150,802 |
39 | Community Bancorp Inc. Escondido, Calif. | Cuyamaca Bank Santee, Calif. | June 28 | Oct. 1 | 25,883 | 27,021 | 2.71 | 29.04 | 4 | 116,751 |
40 | MidSouth Bancorp Inc. Lafayette, La. | Lamar Bancshares Inc. Beaumont, Tex. | May 27 | Oct. 1 | 22,706 | 23,928 | 1.87 | 12.37 | 6 | 109,586 |
41 | Franklin Bank Corp. Houston | Cedar Creek Bancshares Inc. Seven Points, Tex. | Sept. 7 | Dec. 3 | 24,000 | 23,617 | 2.07 | 18.64 | 5 | 104,922 |
42 | BBVA Bancomer Financial Holdings Inc. San Juan, Puerto Rico | Valley Bank Moreno Valley, Calif. | May 24 | Oct. 8 | 16,700 | 16,700 | 1.89 | 28.34 | 4 | 91,919 |
43 | Intermountain Community Bancorp Sandpoint, Idaho | Snake River Bancorp Inc. Twin Falls, Idaho | July 25 | Nov. 2 | 17,107 | 16,561 | 2.29 | 25.84 | 3 | 78,055 |
44 | Dearborn Bancorp Inc. Mich. | Bank of Washtenaw Saline, Mich. | July 16 | Oct. 29 | 15,000 | 15,100 | 2.11 | NM | 1 | 72,902 |
45 | Croghan Bancshares Inc. Fremont, Ohio | Custar State Bank Ohio | Aug. 11 | Dec. 31 | 13,894 | 13,894 | 1.51 | 18.70 | 1 | 52,910 |
46 | First Financial Bankshares Inc. Abilene, Tex. | Southwestern Bancshares Inc. Glen Rose, Tex. | Sept. 7 | Dec. 1 | 13,398 | 13,398 | 2.86 | 10.17 | 2 | 47,318 |
47 | United Community Banks Inc. Blairsville, Ga. | Eagle National Bank Stockbridge, Ga. | Aug. 3 | Nov. 1 | 12,438 | 12,438 | 2.06 | NM | 2 | 64,113 |
48 | MIVI Acquisition Corp. Minn. | Mississippi View Holding Co. Little Falls, Minn. | Aug. 6 | Dec. 14 | 12,327 | 12,327 | 1.23 | 7.44 | 1 | 75,448 |
49 | Central Valley Community Bancorp Clovis, Calif. | Bank of Madera County Oakhurst, Calif. | July 19 | Dec. 31 | 12,390 | 12,306 | 2.61 | 20.68 | 2 | 61,914 |
50 | ABC Bancorp Moultrie, Ga. | Citizens Bancshares Inc. Crawfordville, Fla. | May 18 | Nov. 30 | 11,750 | 11,515 | 2.46 | 28.79 | 4 | 58,696 |
51 | First National Bankshares of Florida Inc. Naples | First Bradenton Bank Fla. | June 30 | Nov. 30 | 8,314 | 10,019 | 2.03 | 24.08 | 1 | 63,935 |
52 | IB Bancshares Inc. McKinney, Tex. | Coupland State Bank Tex. | Oct. 5 | Dec. 31 | 7,500 | 7,500 | 1.31 | 54.35 | 3 | 57,446 |
53 | Vision Bancshares Inc. Gulf Shores, Ala. | BankTrust of Florida Wewahitchka, Fla. | Feb. 27 | Oct. 15 | 7,500 | 7,500 | 1.23 | 25.00 | 3 | 52,449 |
54 | First Federal Bank of Louisiana Lake Charles | First Allen Parish Bancorp Inc. Oakdale, La. | June 17 | Nov. 1 | 6,586 | 6,586 | 1.45 | 19.83 | 1 | 49,529 |
55 | Gulf Atlantic Financial Group Inc. Tallahassee, Fla. | First National Bank Tarpon Springs, Fla. | Oct. 22 | Oct. 20 | 6,000 | 6,000 | 1.98 | NM | 1 | 24,956 |
56 | Oak Hill Financial Inc. Jackson, Ohio | Ripley National Bank Ohio | July 20 | Oct. 9 | 5,500 | 5,500 | 1.20 | NM | 2 | 56,154 |
57 | Texas Country Bancshares Brady | Clarity Holdings Inc. White Plains, N.Y. | May 27 | Nov. 2 | 5,080 | 5,080 | 1.25 | NM | 1 | 43,831 |
58 | Premier Holdings Ltd. Rock Valley, Iowa | State Bank of Hudson S.D. | May 19 | Oct. 1 | 4,471 | 4,547 | 1.54 | 15.31 | 1 | 19,002 |
59 | Heritage Bancshares Group Inc. Willmar, Minn. | Raymond Bancshares Inc. Minn. | Aug. 2 | Oct. 8 | 3,100 | 3,100 | 1.60 | 8.49 | 1 | 23,548 |
60 | Cass Information Systems Inc. Bridgeton, Mo. | Franklin Bank of California Orange | Aug. 11 | Nov. 24 | 2,720 | 2,720 | 1.45 | NM | 1 | 1,982 |
61 | Bancorp Inc. Wilmington, Del. | Bancorp Bank Wilmington, Del. | July 19 | Dec. 22 | NA | NA | NA | NA | 2 | 357,828 |
62 | Bank Holdings Inc. Reno | CNA Trust Corp. Costa Mesa, Calif. | Aug. 23 | Nov. 23 | NA | NA | NA | NA | 1 | 194,069 |
63 | Great Western Bancorp. Inc. Omaha | Oak Bancorp. Oakland, Iowa | May 24 | Nov. 5 | NA | NA | NA | NA | 3 | 90,774 |
64 | IB Bancshares Inc. McKinney, Tex. | First Celina Corp. Tex. | Oct. 25 | Dec. 31 | NA | NA | NA | NA | 4 | 89,796 |
65 | American Bancorp. St. Paul | Americana Capital Corp. Albert Lea, Minn. | July 29 | Nov. 20 | NA | NA | NA | NA | 3 | 80,309 |
66 | Security State Corp. Centralia, Wash. | HCB Bancorp Inc. Raymond, Wash. | July 01 | Dec. 2 | NA | NA | NA | NA | 4 | 49,614 |
67 | Illinois National Bancorp Springfield | Riverton Community Bank Ill. | Aug. 6 | Oct. 29 | NA | NA | NA | NA | 1 | 34,292 |
68 | Midwest Banco Corp. Cozad, Neb. | Eustis Bancshares Inc. Neb. | Sept. 1 | Nov. 19 | NA | NA | NA | NA | 1 | 29,350 |
Source: Highline Banking Data Services (877-305-6657)
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