Bank and Thrift Deals Completed in the Fourth Quarter of 2006
January 17, 2007, 10:08 a.m. EST 1 Min Read
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Bank and Thrift Deals Completed in the Fourth Quarter of 2006
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| Ranked by price at closing | ||||||||||
| Rank | Buyer | Seller | Date | Price (millions) | Price at closing to: | Seller's | ||||
| Announced | Completed | Announced | closing | Equity | 12-month net | Branches | Assets (000s) | |||
| 1 | Wachovia Corp. Charlotte | Golden West Financial Corp. Oakland, Calif. | May 7 | Oct. 1 | 25473.8 | 24272.8 | 2.58 | 15.57 | 283 | 128,805,627 |
| 2 | Capital One Financial Corp. McLean, Va. | North Fork Bancorp. Inc. Melville, N.Y. | March 12 | Dec. 1 | 14567.9 | 13297.3 | 1.44 | 15.75 | 351 | 58,889,313 |
| 3 | Regions Financial Corp. Birmingham, Ala. | AmSouth Bancorp. Birmingham, Ala. | May 24 | Nov. 4 | 10060.3 | 10511.4 | 2.75 | 14.29 | 694 | 54,272,800 |
| 4 | JPMorgan Chase & Co. New York | Bank of New York Retail Banking Business | April 7 | Oct. 1 | 3100.0 | 3100.0 | NA | NA | 338 | NA |
| 5 | Banco Bilbao Vizcaya Argentaria, S.A. Bilbao, Spain | Texas Regional Bancshares Inc. McAllen | June 12 | Nov. 10 | 2164.6 | 2164.6 | 3.16 | 28.13 | 77 | 6,951,782 |
| 6 | National City Corp. Cleveland | Harbor Florida Bancshares Inc. Fort Pierce | July 10 | Dec. 1 | 1104.1 | 1104.1 | 3.16 | 23.49 | 40 | 3,266,543 |
| 7 | Citizens Banking Corp. Flint, Mich. | Republic Bancorp Inc. Owosso, Mich. | June 26 | Dec. 29 | 1033.5 | 1061.8 | 2.49 | 16.04 | 85 | 6,208,248 |
| 8 | Washington Mutual Inc. Seattle | Commercial Capital Bancorp Inc. Irvine, Calif. | April 23 | Oct. 1 | 993.2 | 993.2 | 1.29 | 16.83 | 24 | 5,738,692 |
| 9 | Royal Bank of Canada Toronto | Flag Financial Corp. Atlanta | Aug. 9 | Dec. 8 | 456.8 | 456.8 | 2.09 | 24.33 | 18 | 1,776,142 |
| 10 | Cullen/Frost Bankers Inc. San Antonio | Summit Bancshares Inc. Fort Worth | July 2 | Dec. 8 | 364.1 | 355.6 | 4.01 | 27.24 | 14 | 1,177,313 |
| 11 | Sky Financial Group Inc. Bowling Green, Ohio | Waterfield Mortgage Co. Inc. Fort Wayne | Feb. 3 | Oct. 17 | 329.6 | 323.1 | 3.59 | 15.90 | 45 | 2,595,494 |
| 12 | First Community Bancorp Rancho Santa Fe, Calif. | Community Bancorp Inc. Escondido, Calif. | May 15 | Oct. 26 | 266.7 | 263.0 | 2.55 | 19.23 | 12 | 896,822 |
| 13 | Sterling Financial Corp. Spokane | FirstBank NW Corp. Clarkston, Wash. | June 4 | Dec. 1 | 169.6 | 181.4 | 2.19 | 19.34 | 22 | 884,167 |
| 14 | UCBH Holdings Inc. San Francisco | Summit Bank Corp. Atlanta | Sept. 18 | Dec. 29 | 176.4 | 173.0 | 2.89 | 26.29 | 8 | 665,664 |
| 15 | Webster Financial Corp. Waterbury, Conn. | NewMil Bancorp Inc. New Milford, Conn. | April 24 | Oct. 6 | 172.5 | 172.5 | 3.29 | 20.18 | 20 | 864,060 |
| 16 | First Republic Bank San Francisco | BWC Financial Corp. Walnut Creek, Calif. | May 20 | Oct. 13 | 176.9 | 164.9 | 3.01 | 17.93 | 7 | 569,966 |
| 17 | Community Bancorp Las Vegas | Valley Bancorp Las Vegas | June 28 | Oct. 13 | 137.4 | 137.4 | 3.02 | 20.35 | 5 | 440,664 |
| 18 | Alabama National BanCorp. Birmingham | PB Financial Services Corp. Duluth, Ga. | May 24 | Oct. 1 | 128.8 | 131.5 | 3.46 | 19.88 | 4 | 530,979 |
| 19 | Castle Creek Capital III LLC Rancho Santa Fe, Calif. | BB&T Bancshares Bloomingdale, Ill. | June 1 | Dec. 8 | 105.0 | 105.0 | 2.60 | 28.17 | 5 | 462,621 |
| 20 | First Charter Corp. Charlotte, N.C. | GBC Bancorp Inc. Lawrenceville, Ga. | June 1 | Nov. 1 | 101.3 | 104.1 | 2.54 | 14.71 | 2 | 410,283 |
| 21 | Banc Corp. Birmingham, Ala. | Community Bancshares Inc. Blountsville, Ala. | April 29 | Nov. 7 | 96.5 | 92.3 | 2.11 | 44.97 | 18 | 571,938 |
| 22 | Glacier Bancorp Inc. Kalispell, Mont. | Citizens Development Co. Billings, Mont. | April 20 | Oct. 1 | 77.0 | 77.0 | 2.05 | 16.09 | 12 | 429,972 |
| 23 | United Community Banks Inc. Blairsville, Ga. | Southern Bancorp Inc. Marietta, Ga. | Sept. 5 | Dec. 1 | 66.1 | 70.0 | 3.39 | 19.03 | 2 | 345,851 |
| 24 | Alliance Financial Corp. Syracuse, N.Y. | Bridge Street Financial Inc. Oswego, N.Y. | April 23 | Oct. 6 | 55.2 | 56.8 | 2.20 | 65.49 | 8 | 231,527 |
| 25 | UnionBancorp Inc. Ottawa, Ill. | Centrue Financial Corp. Fairview Heights, Ill. | June 30 | Nov. 14 | 54.3 | 49.9 | NA | NM | 21 | 634,503 |
| 26 | PrivateBancorp Inc. Chicago | Piedmont Bancshares Inc. Atlanta | Aug. 2 | Dec. 13 | 46.6 | 46.6 | 3.17 | 25.84 | 1 | 237,046 |
| 27 | Mercantile Bancorp Inc. Quincy, Ill. | Royal Palm Bancorp Inc. Naples, Fla. | May 30 | Nov. 13 | 42.3 | 42.3 | 2.80 | 41.25 | 3 | 146,978 |
| 28 | IBT Bancorp Inc. Mount Pleasant, Mich. | Farwell State Savings Bank Mich. | Dec. 22, 05 | Oct. 3 | 38.1 | 41.1 | 2.96 | 29.07 | 2 | 89,178 |
| 29 | Bank Holdings Reno, Nev. | NNB Holdings Inc. Reno | May 17 | Nov. 6 | 36.0 | 38.6 | 3.11 | 21.89 | 2 | 149,956 |
| 30 | Farmers Capital Bank Corp. Frankfort, Ky. | Citizens National Bancshares Inc. Nicholasville, Ky. | April 12 | Oct. 1 | 30.0 | 30.0 | 2.17 | 22.14 | 4 | 153,128 |
| 31 | ChoiceOne Financial Services Inc. Sparta, Mich. | Valley Ridge Financial Corp. Kent City, Mich. | April 25 | Nov. 1 | 29.0 | 27.9 | NA | NM | 9 | 214,174 |
| 32 | Cathay General Bancorp Inc. Los Angeles | New Asia Bancorp Inc. Chicago | July 6 | Oct. 18 | 23.5 | 23.5 | 2.07 | 39.70 | 4 | 139,470 |
| 33 | Sterling Financial Corp. Lancaster, Pa. | Bay Net Financial Inc. Bel Air, Md. | March 30 | Oct. 27 | 22.3 | 22.3 | 3.22 | 21.91 | 2 | 100,155 |
| 34 | Dickinson Financial Corp. II Kansas City, Mo. | Southern Commerce Bank Tampa | April 10 | Oct. 7 | 20.8 | 21.4 | 1.95 | 20.23 | 1 | 97,840 |
| 35 | Highlands Bancshares Inc. Dallas | First Jacksboro Bancshares Inc. Jacksboro, Tex. | Sept. 15 | Dec. 31 | 21.0 | 21.0 | 2.43 | 17.92 | 2 | 121,607 |
| 36 | S.B.C.P. Bancorp Inc. Cross Plains, Wis. | Verona Bancshares, Limited Wis. | Sept. 15 | Dec. 5 | 20.2 | 20.2 | 2.05 | 34.98 | 2 | 115,053 |
| 37 | Citizens First Corp. Bowling Green, Ky. | Kentucky Banking Centers Glasgow | June 1 | Nov. 30 | 20.0 | 20.0 | 2.07 | 16.08 | 3 | 124,383 |
| 38 | Republic Bancorp Inc. Louisville | GulfStream Community Bank Port Richey, Fla. | June 9 | Oct. 3 | 18.1 | 18.1 | 2.01 | 46.77 | 1 | 63,562 |
| 39 | Columbine Capital Corp. Buena Vista, Colo. | Collegiate Peaks Bank Buena Vista, Colo. | June 20 | Nov. 1 | 18.0 | 18.0 | 0.97 | 23.26 | 2 | 95,653 |
| 40 | Park National Corp. Newark, Ohio | Anderson Bank Co. Cincinnati | Aug. 14 | Dec. 18 | 17.7 | 17.6 | 2.35 | 21.89 | 2 | 70,394 |
| 41 | NBC Capital Corp. Starkville, Miss. | Seasons Bancshares Inc. Blairsville, Ga. | March 21 | Nov. 14 | 17.2 | 17.2 | 2.20 | NM | 2 | 86,559 |
| 42 | SouthCrest Financial Group Inc. Fayetteville, Ga. | Maplesville Bancorp Ala. | Aug. 11 | Oct. 31 | 15.9 | 17.0 | 1.63 | 17.32 | 2 | 64,959 |
| 43 | Passumpsic Bancorp St. Johnsbury, Vt. | Siwooganock Holding Co. Inc. Lancaster, N.H. | May 23 | Oct. 18 | 16.7 | 16.7 | 2.00 | 31.69 | 3 | 78,394 |
| 44 | Atlantic Southern Financial Group Inc. Macon, Ga. | Sapelo Bancshares Inc. Darien, Ga. | July 26 | Dec. 15 | 15.6 | 16.5 | 2.46 | 23.80 | 3 | 63,944 |
| 45 | American Home Mortgage Investment Corp. Melville, N.Y. | Flower Bank FSB Chicago | Aug. 18 | Oct. 19 | 16.3 | 16.3 | 9.64 | NM | 1 | 43,725 |
| 46 | Olympic Bancorp Inc. Port Orchard, Wash. | MarinerBank Port Townsend,Wash. | July 31 | Nov. 1 | 16.2 | 16.2 | 2.48 | 32.02 | 2 | 51,634 |
| 47 | Southern National Bancorp of Virginia Inc. Charlottesville | 1st Service Bank McLean, Va. | July 10 | Dec. 1 | 13.1 | 16.2 | 2.31 | NM | 2 | 128,004 |
| 48 | Community Bank System Inc. De Witt, N.Y. | ONB Corp. Clifton Springs, N.Y. | Aug. 2 | Dec. 1 | 15.7 | 15.7 | 1.68 | 20.98 | 4 | 95,457 |
| 49 | VB Texas Inc. Houston | Community State Bank Boling, Tex. | June 16 | Nov. 6 | 14.0 | 14.0 | 2.93 | NM | 2 | 59,861 |
| 50 | First Bancorp of Indiana Inc. Evansville | Home Building Bancorp Inc. Washington, Ind. | April 24 | Oct. 1 | 11.3 | 11.3 | 1.64 | 29.40 | 2 | 59,823 |
| 51 | Sky Financial Group Inc. Bowling Green, Ohio | Wells River Bancorp Inc. Wellsville, Ohio | Aug. 8 | Nov. 15 | 11.0 | 11.0 | 1.74 | 38.64 | 4 | 74,741 |
| 52 | Northstar Financial Group Inc. Bad Axe, Mich. | Valley Financial Corp. Caro, Mich. | Sept. 13 | Dec. 1 | 10.0 | 10.4 | 1.87 | 253.66 | 3 | 81,237 |
| 53 | Frandsen Financial Corp. Arden Hills, Minn. | Pine Bankshares Inc. Pine City, Minn. | Oct. 16 | Dec. 27 | 10.2 | 10.2 | 1.71 | 15.54 | 1 | 53,019 |
| 54 | 1st Jackson Bancshares Inc. Stevenson, Ala. | Peoples Bancshares Inc. Sardis, Tenn. | Sept. 13 | Dec. 18 | 7.5 | 7.5 | 1.47 | 23.51 | 2 | 39,193 |
| 55 | First Marblehead Corp. Boston | Union Bank North Providence, R.I. | July 17 | Nov. 30 | 6.9 | 6.9 | 1.63 | NM | 1 | 40,250 |
| 56 | Hometown Community Bancorp Inc. Morton, Ill. | Manito Bank Services Inc. Ill. | May 15 | Oct. 21 | 5.5 | 5.5 | 1.12 | 16.42 | 1 | 49,693 |
| 57 | Coastal Banking Co. Inc. Beaufort, S.C. | Charter of Cairo Banking Co. Meigs, Ga. | July 13 | Oct. 27 | 5.0 | 5.0 | 1.25 | NA | 1 | NA |
| 58 | First Miami Bancshares Inc. Miami, Okla. | Bank of Billings Mo. | Sept. 27 | Dec. 4 | 4.4 | 4.4 | 1.84 | 22.02 | 1 | 27,745 |
| 59 | Sun American Bancorp Miami | Most of Beach Bank Miami Beach, Fla. | May 17 | Dec. 29 | NA | NA | 2.35 | NA | 2 | 127,145 |
| 60 | MidCountry Financial Corp. Macon, Ga. | South Pointe Financial Corp. Marion, Ill. | March 24 | Nov. 6 | NA | NA | NA | NA | 7 | 207,762 |
| 61 | Minnwest Corp. Minnetonka, Minn. | Aumanchester Inc. Rochester, Minn. | Aug. 11 | Nov. 12 | NA | NA | NA | NA | 2 | 41,771 |
| 62 | Petefish, Skiles Bancshares Inc. Virginia, Ill. | Chandlerville Bancshares Inc. Ill. | Aug. 24 | Dec. 27 | NA | NA | NA | NA | 2 | 41,876 |
Source: SNL Finanical, Charlottesville, Va. (www.snl.com)
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