Bank and Thrift Deals Completed in the Second Quarter of 2007
July 25, 2007, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Deals Completed in the Second Quarter of 2007
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| Published July 25, 2007 | ||||||||||
| Related Table: Deals with Highest Completed Price to Equity, Net Income | ||||||||||
| Date | | | Sellers | |||||||
| Buyer | Seller | Announced | Completed | Announced | Completed | Equity | | Branches | | |
| 1 | Toronto-Dominion Bank* | TD Banknorth Inc. Portland, Maine | Nov. 19 06 | 20-Apr | $3,200.60 | $3,200.60 | 0.89 | 21.41 | 616 | $39,917,225 |
| 2 | Rabobank Nederland Utrecht, Netherlands | Mid-State Bancshares Arroyo Grande, Calif. | Nov. 1 06 | 1-May | 850.4 | 850.4 | 3.01 | 23.87 | 41 | 2,367,264 |
| 3 | Wells Fargo & Co. San Francisco | Placer Sierra Bancshares Sacramento | Jan. 9 07 | 1-Jun | 644.7 | 644.7 | 1.57 | 25 | 50 | 2,673,63 |
| 4 | BB&T Corp. Winston-Salem, N.C. | Coastal Financial Corp. Myrtle Beach, S.C. | Dec. 20 06 | 1-May | 395.1 | 369.7 | 2.86 | 18.85 | 22 | 1,659,475 |
| 5 | Colonial BancGroup Inc. Montgomery, Ala. | Commercial Bankshares Inc. Miami | Jan. 23 07 | 1-Jun | 317.1 | 321 | 3.38 | 25.01 | 14 | 1,035,361 |
| 6 | New York Community Bancorp Inc. Westbury | PennFed Financial Services Inc. West Orange, N.J. | Nov. 2 06 | 2-Apr | 261.9 | 287.4 | 2.33 | 43.87 | 24 | 2,334,262 |
| 7 | Marshall & Ilsley Corp. Milwaukee | United Heritage Bankshares of Florida Inc. Orlando | Dec. 1 06 | 1-Apr | 216 | 218.5 | 3.17 | 29.12 | 12 | 736,094 |
| 8 | United Community Banks Inc. Blairsville, Ga. | Gwinnett Commercial Group Inc. Lawrenceville, Ga. | Feb. 5 07 | 1-Jun | 220.1 | 205.5 | 2.87 | 16.68 | 5 | 624,665 |
| 9 | Banco Sabadell SA Spain | Transatlantic Holding Corp. Miami | Jan. 24 07 | 1-May | 175 | 175 | 3.38 | 20.47 | 7 | 580,255 |
| 10 | Greene County Bancshares Inc. Greeneville, Tenn. | Civitas BankGroup Inc. Franklin, Tenn. | Jan. 25 07 | 18-May | 164.4 | 152.5 | 2.7 | 26.43 | 13 | 865,745 |
| 11 | AmericanWest Bancorp. Spokane | Far West Bancorp. Provo, Utah | Oct. 18 06 | 1-Apr | 150 | 150 | 2.78 | 13.1 | 16 | 405,339 |
| 12 | Umpqua Holdings Corp. Portland, Ore. | North Bay Bancorp Napa, Calif. | Jan. 17 07 | 26-Apr | 156.2 | 139.1 | 2.39 | 18.95 | 10 | 648,984 |
| 13 | 1st Source Corp. South Bend, Ind. | Fina Bancorp Inc. Valparaiso, Ind. | Feb. 19 07 | 31-May | 135 | 135 | 1.92 | N.M. | 26 | 624,130 |
| 14 | Franklin Bank Corp. Houston | Bryan-Heritage Limited Partnership Tex. | Dec. 1 06 | 8-May | 134 | 134 | 2.52 | 17.82 | 7 | 517,328 |
| 15 | UCBH Holdings Inc. San Francisco | CAB Holding LLC Wilmington, Del. | Jan. 10 07 | 23-May | 130.7 | 132.9 | 2.82 | 65.33 | 3 | 321,597 |
| 16 | BOK Financial Corp. Tulsa | Worth Bancorp. Inc. Lake Worth, Tex. | March 9 07 | 1-Jun | 127.1 | 127.1 | 3.76 | 24.01 | 5 | 389,819 |
| 17 | Provident Financial Services Inc. Jersey City | First Morris Bank and Trust Morristown, N.J. | Oct. 15 06 | 1-Apr | 124.2 | 120.2 | 2.86 | 66.36 | 9 | 570,554 |
| 18 | Chittenden Corp. Burlington, Vt. | Merrill Merchants Bancshares Inc. Bangor, Maine | Jan. 18 07 | 31-May | 109.6 | 108.5 | 2.71 | 16.74 | 11 | 444,952 |
| 19 | Integra Bank Corp. Evansville, Ind. | Prairie Financial Corp. Bridgeview, Ill. | Oct. 5 06 | 9-Apr | 121.7 | 108.5 | 2.67 | 15.34 | 5 | 575,081 |
| 20 | Conestoga Bancorp Inc. Chester Springs, Pa. | PSB Bancorp Inc. Philadelphia | Aug. 30 06 | 2-Apr | 93.9 | 92.2 | 1.96 | NA | 13 | 562,371 |
| 21 | Associated Banc-Corp Green Bay, Wis. | Charter 95 Corp. St. Paul | Jan. 17 07 | 1-Jun | 93 | 90.7 | 2.57 | 18.54 | 9 | 391,219 |
| 22 | Banner Corp. Walla Walla, Wash. | F&M Bank Spokane | Dec. 11 06 | 1-May | 98.1 | 84.8 | 2.28 | 26.59 | 17 | 405,561 |
| 23 | Bankshares Inc. Melbourne, Fla. | BankFirst Bancorp Inc. Winter Park, Fla. | Jan. 18 07 | 25-Apr | 80 | 80.1 | 3.74 | 19.41 | 7 | 332,423 |
| 24 | Bancshares of Florida Inc. Naples | Old Florida Bankshares Inc. Fort Myers | Aug. 28 06 | 24-Apr | 83.4 | 74.5 | 2.63 | 30.49 | 4 | 325,973 |
| 25 | First National of Nebraska Inc. Omaha | First Marengo Financial Corp. Ill. | Feb. 5 07 | 11-May | 73 | 73 | 3.07 | 21.58 | 5 | 300,698 |
| 26 | Heritage Commerce Corp San Jose | Diablo Valley Bank Danville, Calif. | Feb. 8 07 | 20-Jun | 69.5 | 66.6 | 3.7 | 34.93 | 2 | 228,452 |
| 27 | Gateway Financial Holdings Inc. Virginia Beach | Bank of Richmond Va. | Jan. 10 07 | 1-Jun | 55.8 | 55.8 | 2.84 | 39.03 | 6 | 168,446 |
| 28 | BOK Financial Corp. Tulsa | United Banks of Colorado Inc. Englewood | May 23 07 | 18-Jun | 43 | 43 | 2.3 | N.M. | 11 | 173,289 |
| 29 | Sandy Spring Bancorp Inc. Olney, Md. | CN Bancorp Inc. Glen Burnie, Md. | Dec. 13 06 | 31-May | 44.2 | 41 | 1.96 | 29.02 | 5 | 151,250 |
| 30 | Stifel Financial Corp. St. Louis | First Service Financial Co. St. Louis | Nov. 20 06 | 2-Apr | 37.9 | 37.9 | 2.12 | 29.89 | 1 | 129,287 |
| 31 | Banner Corp. Walla Walla, Wash. | San Juan Financial Holding Co. Friday Harbor, Wash. | Dec. 18 06 | 1-May | 41.6 | 36.6 | 2 | 16.6 | 3 | 150,540 |
| 32 | CVB Financial Corp. Ontario, Calif. | First Coastal Bancshares El Segundo, Calif. | Feb. 8 07 | 22-Jun | 35.7 | 35.7 | 2.74 | 29.5 | 4 | 245,922 |
| 33 | CenterState Banks of Florida Inc. Winter Haven | Valrico Bancorp Inc. Fla. | Nov. 14 06 | 2-Apr | 40.4 | 35.6 | 2.23 | 12.54 | 4 | 150,146 |
| 34 | Northwest Bancorp Inc. Warren, Pa. | Penn Laurel Financial Corp Curwensville, Pa. | Jan. 4 07 | 22-Jun | 32.7 | 32.7 | 1.62 | 15.66 | 5 | 215,471 |
| 35 | Citizens and Northern Corp. Wellsboro, Pa. | Citizens Bancorp Inc. Coudersport, Pa. | Dec. 21 06 | 1-May | 29.1 | 28.2 | 1.51 | 19.67 | 3 | 142,663 |
| 36 | Glacier Bancorp Inc. Kalispell, Mont. | North Side State Bank of Rock Springs Wyo. | Jan. 22 07 | 30-Apr | 28.3 | 26.4 | 1.4 | 24.97 | 1 | 120,642 |
| 37 | Commerce Bancshares Inc. Kansas City, Mo. | South Tulsa Financial Corp. | Dec. 4 06 | 1-Apr | 26.3 | 26.3 | 2.07 | 16.92 | 2 | 124,219 |
| 38 | LNB Bancorp Inc. Lorain, Ohio | Morgan Bancorp Inc. Hudson, Ohio | Jan. 15 07 | 10-May | 26.1 | 24.8 | 2.43 | 42.68 | 2 | 128,450 |
| 39 | Community Banks Inc. Harrisburg, Pa. | BUCS Financial Corp. Owings Mills, Md. | Sept. 5 06 | 1-Apr | 22.6 | 22.6 | 1.93 | 38.1 | 4 | 143,704 |
| 40 | Merrimack Bancorp MHC Concord, N.H. | Bow Mills Bank and Trust N.H. | Dec. 14 06 | 1-May | 22.4 | 22.4 | 2.22 | 60.98 | 3 | 124,295 |
| 41 | Bank of Kentucky Financial Corp. Crestview Hills | F.N.B. Bancorp. Inc. Fort Mitchell, Ky. | Jan. 26 07 | 18-May | 21.8 | 21.9 | 2.26 | 24.42 | 1 | 77,492 |
| 42 | Community Banks Inc. Harrisburg, Pa. | East Prospect State Bank Pa. | Sept. 12 06 | 1-Apr | 21.5 | 21.5 | 1.51 | 23.6 | 1 | 57,479 |
| 43 | New Hampshire Thrift Bancshares Inc. Newport | First Brandon Financial Corp. Vt. | Dec. 14 06 | 1-Jun | 21.2 | 20.2 | 1.85 | 15.49 | 5 | 99,526 |
| 44 | Coastal Community Investments Inc. Panama City Beach, Fla. | Bayside Financial Corp. Port Saint Joe, Fla. | Dec. 26 06 | 10-Apr | 18.9 | 18.9 | 2.21 | 16.33 | 1 | 84,037 |
| 45 | Community Bank System Inc. De Witt, N.Y. | TLNB Financial Corp. Tupper Lake, N.Y. | Jan. 9 07 | 1-Jun | 17.6 | 17.6 | 2.14 | 42.72 | 5 | 103,575 |
| 46 | Florida Bank Group Inc. Tampa | Bank of Tallahassee | Jan. 3 07 | 1-May | 16.8 | 16.8 | 1.99 | 49.11 | 3 | 73,788 |
| 47 | TIB Financial Corp. Naples, Fla. | Bank of Venice Fla. | Nov. 13 06 | 30-Apr | 16.6 | 16.6 | 1.95 | N.M. | 2 | 61,454 |
| 48 | Community Bank Investors of America LP Richmond, Va. | Bay Financial Savings Bank FSB Tampa | Oct. 23 06 | 18-Apr | 15 | 15 | 1.49 | 26 | 1 | 71,470 |
| 49 | Community Bankshares Inc. Greenwood Village, Colo. | Citizens Financial Corp. Cortez, Colo. | Sept. 27 06 | 2-Apr | 14.5 | 14.5 | 2.03 | 15.89 | 2 | 80,298 |
| 50 | Partnership Community Bancshares Inc. Cedarburg, Wis. | Bancorp of Tomah Inc. Wis. | Dec. 8 06 | 2-Apr | 14.1 | 14.1 | 2.02 | 17.6 | 3 | 70,465 |
| 51 | Oneida Financial Corp. (MHC) N.Y. | Vernon Bank Corp. N.Y. | Sept. 10 06 | 2-Apr | 11.4 | 11.4 | 1.69 | N.M. | 3 | 61,655 |
| 52 | Family Bancorp Inc. Houston | First National Bank of Refugio Tex. | Nov. 16 06 | 8-May | 9.1 | 9.1 | 1.47 | 31.6 | 1 | 49,355 |
| 53 | TrustAtlantic Financial Corp. Raleigh | Millennia Community Bank Greenville, N.C. | June 27 06 | 7-Jun | 8.1 | 8.2 | 1.58 | 60.5 | 2 | 30,642 |
| 54 | Middlefield Banc Corp. Ohio | Emerald Bank Dublin, Ohio | Nov. 15 06 | 19-Apr | 7.3 | 7.2 | 1.39 | N.M. | 1 | 37,935 |
| 55 | Citizens Bancshares Corp. Olanta, S.C. | Pamplico Bank and Trust Co. S.C. | March 14 07 | 8-Jun | 4.9 | 4.9 | 1.5 | N.M. | 2 | 19,034 |
| American Bank Holdings Inc. Silver Spring, Md. | Grange Mutual Casualty Co. Columbus, Ohio | Feb. 6 07 | 29-Jun | NA | NA | NA | NA | 2 | 244,585 | |
| Eastwood Financial Corp. Rochester, Minn. | Merchants and Manufacturers Bancorp. Inc. New Berlin, Wis. | Jan. 4 07 | 8-Jun | NA | NA | NA | NA | 2 | 56,384 | |
| Gardiner Savings Institution FSB Maine | Calais Federal Savings and Loan Association Maine | Oct. 3 06 | 19-May | NA | NA | NA | NA | 2 | 61,152 | |
| Eastern Bank Corp. Boston | Sharon Co-operative Bank Mass. | Jan. 25 07 | 12-May | NA | NA | NA | NA | 1 | 68,328 | |
| Great Western Bancorp. Inc. Omaha | Sunstate Bancshares Inc. Casa Grande, Ariz. | Feb. 22 07 | 10-May | NA | NA | NA | NA | 11 | 200,627 | |
| First Bancorp. of Durango Inc. Inverness, Ill. | Bank of Durango Colo. | Feb. 17 05 | 24-Apr | NA | NA | NA | NA | 3 | 49,121 | |
| White River Bancshares Co. Fayetteville, Ark. | Brinkley Bancshares Inc. Ark. | Nov. 30 06 | 9-Apr | NA | NA | NA | NA | 2 | 139,565 | |
* Toronto-Dominion completed purchase of Banknorth Group it started in 2005.
Source: <font size="2">SNL Financial</font>, Charlottesville, Va.
© 2007 American Banker