Bank and Thrift Deals Completed in the Third Quarter of 2003

October 16, 2003, 10:08 a.m. EDT 1 Min Read

View Table

Printer Friendly Version

Bank and Thrift Deals Completed in the Third Quarter of 2003
Ranked by price at completion. Dollars in thousands Published October 16, 2003
Related Graphic: Top 10 deals by ratio of announced price to equity and by price to net
			Date		Price		Price at completion to:
Rank	Buyer	Seller	Announced	Completed	Announced	Completed	Equity	12-month net	Branches	Seller's assets
1	BB&T Corp. Winston-Salem, N.C.	First Virginia Banks Inc. Falls Church	01/21/03	7/01	$3,389,357	$3,058,240	2.60	16.14	371	$11,245,996
2	Mercantile Bankshares Corp. Baltimore	F and M Bancorp Frederick, Md.	03/13/03	8/12	485,841	558,498	2.80	20.01	54	2,148,806
3	Citizens Financial Group Inc. Providence, R.I.	Port Financial Corp. Brighton, Mass.	04/17/03	7/31	309,696	309,696	2.31	20.38	11	1,546,490
4	Arvest Bank Group Inc. Bentonville, Ark.	Superior Financial Corp. Little Rock	05/16/03	8/28	212,279	212,308	1.42	13.13	68	1,783,485
5	Northwest Bancorp Inc. Warren, Pa.	First Bell Bancorp Inc. Pittsburgh	03/12/03	8/29	124,729	124,729	1.48	16.51	7	923,103
6	MAF Bancorp Inc. Clarendon Hills, Ill.	Fidelity Bancorp Inc. Chicago	12/17/02	7/21	101,440	117,018	1.79	10.35	5	723,199
7	Fulton Financial Corp. Lancaster, Pa.	Premier Bancorp Inc. Doylestown, Pa.	01/16/03	7/31	89,257	104,005	3.49	17.94	7	597,045
8	BOK Financial Corp. Tulsa, Okla.	Colorado Funding Co. Denver	07/10/03	9/10	81,700	81,700	3.02	14.72	4	317,550
9	UCBH Holdings Inc. San Francisco	First Continental Bank Rosemead, Calif.	04/03/03	7/14	52,775	69,998	2.33	23.97	4	329,685
10	Washington Federal Inc. Seattle	United Savings and Loan Bank Seattle	05/20/03	8/31	65,000	65,000	1.53	17.66	4	316,591
11	Southwest Bancorp. of Texas	Maxim Financial Holdings Inc. Dickinson, Tex.	03/10/03	7/01	63,000	63,000	2.16	28.64	9	318,605
12	FNB Corp. Christiansburg, Va.	Bedford Bancshares Inc. Bedford, Va.	03/21/03	8/01	50,029	50,000	1.89	16.83	4	262,726
13	Inwood Bancshares Inc. Dallas	Western Bank and Trust Bancshares Inc. Duncanville, Tex.	04/14/03	8/15	38,150	38,150	2.31	18.6	5	150,303
14	West Bancorp. West Des Moines, Iowa	Hawkeye State Bank Iowa City, Iowa	04/30/03	7/18	36,352	36,352	1.71	NM	2	148,158
15	First Community Bancorp Rancho Santa Fe, Calif.	Verdugo Banking Co. Glendale, Calif.	04/17/03	8/22	34,900	34,900	2.31	20.07	1	179,149
16	Lakeland Bancorp Inc. Oak Ridge, N.J.	CSB Financial Corp. Teaneck, N.J.	03/31/03	8/25	34,000	34,827	2.73	27.48	4	145,402
17	Woori America Bank New York	Panasia Bank N.A. Fort Lee, N.J.	02/10/03	9/11	34,500	34,500	1.39	15.42	7	212,541
18	Gainesville Bank and Trust Bancshares Inc. Ga.	Baldwin Bancshares Inc. Milledgeville, Ga.	04/28/03	8/29	31,585	31,530	2.77	22.24	3	127,485
19	America Bancshares Inc. Newport, Calif.	Sun Country Bank Victorville, Calif.	04/30/03	8/21	27,035	27,035	1.59	12.57	7	180,971
20	First South Bancorp Inc. Lexington, Tenn.	Murfreesboro Bancorp Inc. Tenn.	12/11/02	7/02	26,825	26,825	1.84	19.27	3	151,869
21	Western Sierra Bancorp Cameron Park, Calif.	Central Sierra Bank San Andreas, Calif.	03/13/03	7/14	21,288	23,625	2.08	23.37	9	137,677
22	Wintrust Financial Corp. Lake Forest, Ill.	Advantage National Bancorp Inc. Elk Grove, Ill.	07/02/03	9/30	21,510	23,457	2.22	90.37	3	104,333
23	Bank of Granite Corp. Granite Falls, N.C.	First Commerce Corp. Charlotte	12/18/02	7/15	20,991	21,522	1.72	17.31	3	178,602
24	Riverview Bancorp Vancouver, Wash.	Todays Bancorp Inc. Vancouver, Wash.	02/06/03	7/18	16,071	17,232	1.93	NM	1	119,308
25	CVB Financial Corp. Ontario, Calif.	Kaweah National Bank Visalia, Calif.	05/12/03	9/19	15,500	15,000	2.13	14.71	4	90,694
26	Southeast Texas Bancshares Inc. Beaumont	Secured Trust Bank Tyler, Tex.	04/30/03	8/15	15,000	15,000	2.68	13.45	1	49,618
27	Marquette Financial Cos. Minneapolis	Valley Bancorp Inc. Phoenix	05/22/03	7/31	14,114	14,114	1.68	22.77	2	68,101
28	Heritage Oaks Bancorp Paso Robles, Calif.	Hacienda Bank Santa Maria, Calif.	06/11/03	9/19	10,691	10,691	1.75	21.06	3	72,014
29	Glacier Bancorp Inc. Kalispell, Mont.	Pend Oreille Bancorp Sandpoint, Idaho	04/24/03	7/15	10,400	10,400	1.69	16.35	2	64,594
30	Crescent Financial Corp. Cary, N.C.	Centennial Bank Southern Pines, N.C.	03/12/03	8/29	9,047	9,557	1.70	64.76	1	58,361
31	Old Florida Bankshares Inc. Fort Myers	Marine Bancshares Inc. Naples, Fla.	12/31/02	8/15	9,208	9,210	1.32	NM	1	61,156
32	Nara Bancorp Inc. Los Angeles	Asiana Bank Sunnyvale, Calif.	04/25/03	8/25	8,000	8,161	1.36	NM	2	43,774
33	Blackhawk Bancorp Inc. Beloit, Wis.	DunC Corp. Capron, Ill.	03/18/03	9/30	7,200	7,200	1.57	11.98	4	74,109
34	South Texas Bancorp Inc. Hebbronville	Kingsville State Bancshares Kingsville, Tex.	03/28/03	7/10	4,225	4,225	1.14	21.78	2	33,171
35	Community Bank System Inc. DeWitt, N.Y.	Peoples Bankcorp Inc. Ogdensburg, N.Y.	05/07/03	9/05	4,185	4,185	1.26	NM	1	28,987
36	Vineyard National Bancorp Rancho Cucamonga, Calif.	Southland Business Bank Irwindale, Calif.	04/09/03	7/03	3,200	3,636	1.38	NM	1	32,133
37	Liberty Shares Inc. Hinesville, Ga.	Cumberland National Bank St. Marys, Ga.	05/30/03	9/23	3,400	2,880	0.60	NM	1	54,486
38	Liberty Financial Services New Orleans	First American Bank Jackson, Miss.	02/07/03	8/15	1,805	1,805	1.18	NM	1	17,364
39	Investor group Pa.	Eagle National Bank Upper Darby, Pa.	09/05/03	9/05	NA	NA	NA	NA	2	67,523
40	Auburndale Co-operative Bank Newton, Mass.	Newton South Co-operative Bank Newton, Mass.	03/12/03	9/22	NA	NA	NA	NA	2	121,504
41	Capitol Bancorp. Inc. Pierre, S.D.	Arapahoe County Funding Co. Centennial, Colo.	07/10/03	9/01	NA	NA	NA	NA	2	158,175
42	Mid-Iowa Bancshares Co. Algona	Corwith State Bancshares Inc. Iowa	06/03/03	8/29	NA	NA	NA	NA	2	24,065