M&A

Bank and Thrift Deals Completed in the Second Quarter of 2005

View Table
Printer Friendly Version
Bank and Thrift Deals Completed in the Second Quarter of 2005

Bank and Thrift Deals Completed in the Second Quarter of 2005
Ranked by price at completion. Dollars in thousands
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
M&A