Bank and Thrift Deals Completed in the Second Quarter of 2005
July 29, 2005, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Deals Completed in the Second Quarter of 2005
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Published July 29, 2005 | ||||||||||
Related Table: Deals with Highest Price to Equity and Highest Price to Net Income | ||||||||||
Date | Price | Price at completion to: | Seller's | |||||||
Buyer | Seller | Announced | Completed | Announced | Completed | Equity | 12-mo. net | Branches | Assets | |
1 | Banco Bilbao Vizcaya Argentaria Bilbao, Spain | Laredo National Bancshares Tex. | 9/21/2004 | 4/28/2005 | $850,000 | $850,000 | 2.81% | 22.22% | 39 | $3,387,776 |
2 | PNC Financial Services Group Pittsburgh, Pa. | Riggs National Corp. Washington | 7/16/2004 | 5/13/2005 | 652,498 | 658,927 | 2.05 | NA | 54 | 6,744,101 |
3 | Colonial BancGroup Inc. Montgomery, Ala. | FFLC Bancorp Inc. Leesburg, Fla. | 1/18/2005 | 5/18/2005 | 224,691 | 248,424 | 2.87 | 24.23 | 15 | 1,065,287 |
4 | Mercantile Bankshares Corp. Baltimore | Community Bank of Northern Virginia Sterling | 1/25/2005 | 5/18/2005 | 211,878 | 217,300 | 3.51 | 23.23 | 13 | 879,919 |
5 | Valley National Bancorp Wayne, N.J. | NorCrown Bank Livingston, N.J. | 11/9/2004 | 6/3/2005 | 141,000 | 141,000 | 2.98 | 26.76 | 16 | 603,623 |
6 | Berkshire Hills Bancorp Inc. Pittsfield, Mass. | Woronoco Bancorp Inc. Westfield, Mass. | 12/17/2004 | 6/1/2005 | 144,729 | 133,119 | 1.58 | 49.72 | 10 | 898,479 |
7 | Whitney Holding Corp. New Orleans | Destin Bancshares Inc. Fla. | 10/13/2004 | 4/22/2005 | 115,352 | 114,934 | 4.76 | 23.8 | 9 | 471,096 |
8 | KNBT Bancorp Inc. Bethlehem, Pa. | Northeast Pennsylvania Financial Corp. Hazelton | 12/9/2004 | 5/19/2005 | 98,655 | 98,778 | 1.57 | 24.75 | 18 | 836,035 |
9 | First National Security Co. De Queen, Ark. | First Community Banking Corp. Hot Springs, Ark. | 1/21/2005 | 4/23/2005 | 92,396 | 92,396 | 2.06 | 20.26 | 17 | 375,809 |
10 | South Financial Group Inc. Greenville, S.C. | Pointe Financial Corp. Boca Raton, Fla. | 10/27/2004 | 5/6/2005 | 101,460 | 90,418 | 2.23 | 27.43 | 10 | 428,895 |
11 | Sky Financial Group Inc. Bowling Green, Ohio | Belmont Bancorp Bridgeport, Ohio | 12/22/2004 | 6/1/2005 | 69,206 | 70,587 | 2.21 | 25.88 | 14 | 296,728 |
12 | City Holding Co. Charleston, W.Va. | Classic Bancshares Inc. Ashland, Ky. | 12/29/2004 | 5/23/2005 | 77,362 | 70,536 | 1.63 | 17.05 | 13 | 339,866 |
13 | PrivateBancorp Inc. Chicago | Bloomfield Hills Bancorp Mich. | 4/14/2005 | 6/20/2005 | 64,000 | 64,000 | 3.39 | 19.48 | 3 | 313,523 |
14 | Main Street Trust Inc. Champaign, Ill. | Citizens First Financial Corp. Bloomington, Ill. | 11/8/2004 | 4/1/2005 | 57,830 | 58,792 | 1.52 | 18.4 | 6 | 327,103 |
15 | Franklin Bank Corp. Houston | First National Bank of Athens Tex. | 12/21/2004 | 5/9/2005 | 58,275 | 58,057 | 2.16 | 67.43 | 4 | 215,699 |
16 | Capital City Bank Group Inc. Tallahassee | First Alachua Banking Corp. Fla. | 2/4/2005 | 5/20/2005 | 57,963 | 57,224 | 2.25 | 22.23 | 8 | 231,778 |
17 | Benjamin Franklin Bancorp MHC Franklin, Mass. | Chart Bank Waltham, Mass. | 9/1/2004 | 4/4/2005 | 46,498 | 46,498 | 2.46 | 44.38 | 3 | 249,107 |
18 | Seacoast Banking Corp. of Florida Stuart | Century National Bank Orlando | 11/30/2004 | 5/2/2005 | 46,193 | 43,348 | 2.16 | 18.79 | 4 | 287,725 |
19 | First Citizens Bancorp. Inc. Columbia, S.C. | People's Community Capital Corp. Aiken, S.C. | 10/18/2004 | 5/1/2005 | 39,900 | 39,888 | NA | NA | 4 | 125,720 |
20 | Grabill Bancorp* Ind. | MarBanc Financial Corp.* Markle, Ind. | 11/23/2004 | 5/1/2005 | 36,813 | 36,813 | 1.66 | 14.09 | 5 | 224,315 |
21 | Security Bank Corp. Macon, Ga. | SouthBank Woodstock, Ga. | 1/19/2005 | 6/8/2005 | 35,977 | 36,553 | 2.42 | 32.37 | 1 | 113,781 |
22 | Riverview Bancorp Inc. Vancouver, Wash. | American Pacific Bank Portland, Ore. | 11/9/2004 | 4/22/2005 | 34,389 | 34,140 | 1.79 | 20.68 | 4 | 122,500 |
23 | Exchange National Bancshares Inc. Jefferson City, Mo. | Bank 10 Belton, Mo. | 2/28/2005 | 5/2/2005 | 33,357 | 33,354 | 2.45 | 17.84 | 5 | 171,732 |
24 | BOK Financial Corp. Tulsa | Valley Commerce Bancorp Ltd. Phoenix | 12/21/2004 | 4/6/2005 | 32,000 | 32,000 | 2.4 | 39.02 | 1 | 152,437 |
25 | Fidelity Bankshares Inc. West Palm Beach, Fla. | First Community Bancorp Inc. Pahokee, Fla. | 9/22/2004 | 4/4/2005 | 27,100 | 27,100 | 2.18 | 10.37 | 4 | 163,061 |
26 | Center Bancorp Inc. Union, N.J. | Red Oak Bank Morristown, N.J. | 12/20/2004 | 5/20/2005 | 24,945 | 24,317 | 1.97 | 31.33 | 1 | 95,628 |
27 | First Federal Banc of the Southwest Inc. Roswell, N.M. | GFSB Bancorp Inc. Gallup, N.M. | 8/25/2004 | 6/1/2005 | 24,092 | 24,092 | 1.2 | 17.32 | 2 | 232,087 |
28 | SCBT Financial Corp. Columbia, S.C. | New Commerce BanCorp Greenville, S.C. | 12/17/2004 | 4/8/2005 | 20,210 | 20,210 | 2.2 | NA | 2 | 94,096 |
29 | Oakland Venture Group Los Angeles | Innovative Bancorp Calabasas, Calif. | 12/20/2004 | 6/30/2005 | 18,217 | 18,217 | 1.4 | 6.54 | 3 | 99,550 |
30 | Glacier Bancorp Inc. Kalispell, Mont. | Citizens Bank Holding Co. Pocatello, Idaho | 12/15/2004 | 4/1/2005 | 17,289 | 17,289 | 2.32 | 18.57 | 3 | 110,244 |
31 | Oak Hill Financial Inc. Jackson, Ohio | Lawrence Financial Holdings Inc. Ironton, Ohio | 10/12/2004 | 4/1/2005 | 15,981 | 15,981 | 1.37 | NA | 5 | 120,304 |
32 | Central Bancshares Inc. Lexington, Ky. | First Bank Inc. Louisville, Ky. | 12/29/2004 | 4/1/2005 | 13,581 | 13,644 | 1.16 | NA | 3 | 189,526 |
33 | Horizon Bancorp Michigan City, Ind. | Alliance Financial Corp. New Buffalo, Mich. | 2/25/2005 | 6/10/2005 | 13,100 | 13,100 | 1.67 | 25.49 | 5 | 129,848 |
34 | Bank of the South Mount Juliet, Tenn. | Academy Bank Lebanon, Tenn. | 12/16/2004 | 5/31/2005 | 13,013 | 13,013 | 2.4 | 33.45 | 1 | 44,563 |
35 | Community Trust Bancorp Inc. Pikeville, Ky. | Heritage Community Bank Danville, Ky. | 3/15/2005 | 6/10/2005 | 12,151 | 12,151 | 1.33 | NA | 2 | 102,892 |
36 | FNB Bancorp San Francisco | Sequoia National Bank San Francisco | 11/5/2004 | 5/2/2005 | 11,663 | 11,137 | 1.59 | 46.31 | 2 | 65,561 |
37 | First Defiance Financial Corp. Defiance, Ohio | Genoa Savings and Loan Co. Ohio | 10/13/2004 | 4/8/2005 | 11,000 | 11,000 | 1.52 | NA | 3 | 96,821 |
38 | First Banks Inc. Clayton, Mo. | FBA Bancorp Inc. Chicago | 1/10/2005 | 4/29/2005 | 10,500 | 10,500 | 1.35 | NA | 4 | 74,482 |
39 | Crescent Banking Co. Jasper, Ga. | Futurus Financial Services Inc. Alpharetta, Ga. | 8/19/2004 | 4/1/2005 | 10,011 | 10,011 | 1.76 | NA | 1 | 66,282 |
40 | M and F Bancshares Inc. Weatherford, Tex. | Northwest National Bank of Arlington Tex. | 10/22/2003 | 6/17/2005 | 9,021 | 9,229 | 1.74 | NA | 1 | 58,841 |
41 | Peoples Community Bancorp Inc. West Chester, Ohio | American State Corp. Lawrenceburg, Ind. | 12/17/2004 | 6/10/2005 | 7,736 | 7,736 | 2.05 | 29.98 | 4 | 67,531 |
42 | Centrue Financial Corp. Kankakee, Ill. | Illinois Community Bancorp Inc. Effingham | 12/31/2004 | 4/8/2005 | 3,315 | 3,315 | 2.39 | NA | 2 | 36,406 |
43 | Capitol Bancorp Ltd. Lansing, Mich. | Peoples State Bank Jeffersonville, Ga. | 2/3/2005 | 4/13/2005 | 2,205 | 2,205 | 2.37 | NA | 1 | 21,287 |
44 | Mason Bancorp Inc. Tenn. | Bank of Mason Tenn. | 1/24/2005 | 6/1/2005 | 2,000 | 2,000 | 2.04 | 76.92 | 1 | 7,523 |
45 | State Capital Corp. Greenwood, Miss. | First Bancshares of Baton Rouge Inc. La. | 11/19/2004 | 4/1/2005 | NA | NA | NA | NA | 3 | 103,960 |
46 | Wilson Bank Holding Co. Lebanon, Tenn. | Community Bank of Smith City Carthage, Tenn. | 9/14/2004 | 4/1/2005 | NA | NA | NA | NA | 2 | 76,107 |
47 | Sunflower Banks Inc. Salina, Kan. | First Fowler Bancorp Inc. Colo. | 1/11/2005 | 4/7/2005 | NA | NA | NA | NA | 4 | 64,163 |
48 | GBC Holdings Inc. Los Angeles | Sincere Federal Savings Bank San Francisco | 4/1/2005 | 5/13/2005 | NA | NA | NA | NA | 3 | 53,948 |
49 | Commercebank Holding Corp. Coral Gables, Fla. | First Texoma Bank Sherman, Tex. | 2/11/2005 | 4/22/2005 | NA | NA | NA | NA | 1 | 42,646 |
50 | Wilson Bank Holding Co. Lebanon, Tenn. | Dekalb Community Bank Smithville, Tenn. | 9/14/2004 | 4/1/2005 | NA | NA | NA | NA | 2 | 106,447 |
*Merger of equals
Source: Highline Banking Data Services (877-305-6657)
© 2005 American Banker