Bank and Thrift Deals Completed in the Third Quarter of 2004
Published October 12, 2004, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Bank and Thrift Deals Completed in the Third Quarter of 2004
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| Published October 12, 2004 | ||||||||||
| Date | Price | Price at completion to: | Seller's | |||||||
| Buyer | Seller | Announced | Completed | Announced | Completed | Equity | 12-month net | Branches | Assets | |
| 1 | Citizens Financial Group Inc. Providence, R.I. | Charter One Financial Inc. Cleveland | May. 4, 2004 | Aug. 31 | $10,529,597 | $10,649,870 | 3.04 | 18.82 | 556 | $42,504,673 |
| 2 | National City Corp. Cleveland | Provident Financial Group Inc. Cincinnati | Feb. 17, 2004 | Jul. 1 | 2,094,179 | 2,055,252 | 2.11 | 20.1 | 65 | 16,737,631 |
| 3 | Sovereign Bancorp Inc. Philadelphia | Seacoast Financial Services Corp. New Bedford, Mass. | Jan. 26, 2004 | Jul. 23 | 1,099,213 | 1,091,602 | 2.39 | 26.77 | 67 | 5,304,800 |
| 4 | Provident Financial Services Inc. Jersey City, N.J. | First Sentinel Bancorp Inc. Woodbridge, N.J. | Dec. 22, 2003 | Jul. 14 | 643,818 | 590,920 | 2.41 | 32.35 | 22 | 2,176,450 |
| 5 | Central Pacific Financial Corp. Honolulu | CB Bancshares Inc. Honolulu | Apr. 23, 2004 | Sept. 15 | 420,772 | 432,936 | 2.26 | 12.2 | 22 | 1,883,491 |
| 6 | Popular Inc. Hato Rey, Puerto Rico | Quaker City Bancorp Inc. Whittier, Calif. | Mar. 19, 2004 | Aug. 31 | 369,612 | 369,612 | 2.31 | 15.45 | 18 | 1,809,916 |
| 7 | Umpqua Holdings Corp. Portland, Ore. | Humboldt Bancorp Roseville, Calif. | Mar. 15, 2004 | Jul. 9 | 338,242 | 363,115 | 2.18 | 33.7 | 22 | 1,456,034 |
| 8 | Partners Trust Financial Group Inc. Utica, N.Y. | BSB Bancorp Inc. Binghamton, N.Y. | Dec. 24, 2003 | Jul. 14 | 344,689 | 350,386 | 2.2 | 19.56 | 20 | 2,221,475 |
| 9 | First National Bankshares of Florida Inc. Naples | Southern Community Bancorp Orlando | Mar. 22, 2004 | Sept. 3 | 226,000 | 303,158 | 3.79 | 41.62 | 16 | 1,023,244 |
| 10 | Sky Financial Group Inc. Bowling Green, Ohio | Second Bancorp Inc. Warren, Ohio | Jan. 8, 2004 | Jul. 1 | 320,108 | 302,443 | 2.07 | 17.17 | 33 | 2,116,947 |
| 11 | Omega Financial Corp. State College, Pa. | Sun Bancorp Inc. Lewisburg, Pa. | Apr. 20, 2004 | Sept. 30 | 181,989 | 177,511 | 2.07 | 32.05 | 25 | 1,045,677 |
| 12 | FBOP Corp. Oak Park, Ill. | California Savings Bank San Francisco | Mar. 8, 2004 | Jul. 1 | 170,000 | 170,000 | 1.72 | 67.73 | 19 | 782,675 |
| 13 | South Financial Group Inc. Greenville, S.C. | CNB Florida Bancshares Inc. Jacksonville | Jan. 21, 2004 | Jul. 15 | 159,889 | 162,279 | 2.64 | 21.79 | 16 | 833,334 |
| 14 | South Financial Group Inc. Greenville, S.C. | Florida Banks Inc. Jacksonville | Mar. 17, 2004 | Jul. 15 | 163,450 | 161,596 | 2.92 | 51.87 | 13 | 948,399 |
| 15 | Castle Creek Capital LLC. Rancho Santa Fe, Calif. | Centennial Bank Holdings Inc. Eaton, Colo. | Mar. 4, 2004 | Jul. 16 | 155,000 | 155,000 | 2.53 | 23.03 | 12 | 698,746 |
| 16 | TierOne Corp. Lincoln, Neb. | United Nebraska Financial Co. Grand Island | Mar. 31, 2004 | Aug. 27 | 97,300 | 97,300 | 1.83 | 17.03 | 16 | 541,040 |
| 17 | Whitney Holding Corp. New Orleans, | Madison BancShares Inc. Palm Harbor, Fla. | Mar. 19, 2004 | Aug. 19 | 65,839 | 69,474 | 3.52 | 31.06 | 6 | 215,166 |
| 18 | Sun Bancorp Inc. Vineland, N.J. | Community Bancorp of New Jersey Freehold | Feb. 17, 2004 | Jul. 8 | 83,608 | 64,818 | 2.27 | 27.01 | 9 | 371,693 |
| 19 | WesBanco Inc. Wheeling, W.Va. | Western Ohio Financial Corp. Springfield | Apr. 1, 2004 | Aug. 31 | 65,737 | 63,483 | 1.35 | 26.78 | 8 | 410,775 |
| 20 | Peoples Holding Co. Tupelo, Miss. | Renasant Bancshares Inc. Germantown, Tenn. | Feb. 17, 2004 | Jul. 1 | 56,700 | 57,971 | 3 | 35.63 | 3 | 225,151 |
| 21 | State National Bancshares Lubbock, Tex. | Mercantile Bank Texas Fort Worth | Apr. 26, 2004 | Jul. 30 | 51,285 | 51,285 | 3.12 | 24.51 | 4 | 207,850 |
| 22 | Wintrust Financial Corp. Lake Forest, Ill. | Northview Financial Corp. Northfield, Ill. | May. 10, 2004 | Sept. 30 | 47,532 | 49,444 | 2.44 | 27.26 | 3 | 334,914 |
| 23 | Prosperity Bancshares Inc. Houston | Liberty Bancshares Inc. Austin | Apr. 26, 2004 | Aug. 1 | 40,985 | 41,683 | 2.37 | 18.63 | 8 | 186,688 |
| 24 | Independent Bank Corp. Rockland, Mass. | Falmouth Bancorp Inc. Mass. | Jan. 9, 2004 | Jul. 16 | 36,864 | 36,297 | 1.9 | NM | 4 | 158,109 |
| 25 | Lincoln Bancorp Plainfield, Ind. | First Shares Bancorp Inc. Greenwood, Ind. | Mar. 11, 2004 | Aug. 2 | 37,700 | 35,544 | 2.28 | 67.95 | 8 | 195,014 |
| 26 | East West Bancorp Inc. San Marino, Calif. | Trust Bancorp Monterey Park, Calif. | Jun. 3, 2004 | Aug. 9 | 32,900 | 32,900 | 1.82 | 18.48 | 4 | 234,946 |
| 27 | GB&T Bancshares Inc. Gainesville, Ga. | Southern Heritage Bancorp Inc. Flowery Branch, Ga. | Aug. 29, 2003 | Aug. 2 | 28,800 | 30,918 | 2.56 | 38.36 | 3 | 118,181 |
| 28 | Alabama National BanCorp. Birmingham | Coquina Bank Ormond Beach, Fla. | Mar. 31, 2004 | Jul. 8 | 30,563 | 30,495 | 2.47 | 21.15 | 2 | 114,328 |
| 29 | Rock Bancshares Inc. Camden, Ark. | HCB Bancshares Inc. Camden, Ark. | Jan. 14, 2004 | Aug. 26 | 28,332 | 28,042 | 0.95 | 50.41 | 4 | 225,117 |
| 30 | Northbrook Investments LLC Northbrook, Ill. | North Bancshares Inc. Chicago | Mar. 24, 2004 | Sept. 1 | 26,407 | 26,407 | 1.97 | NM | 2 | 133,669 |
| 31 | Metropolitan Bank Group Inc. Chicago | Citizens Bank-Illinois NA Berwyn, Ill. | Apr. 2, 2004 | Jul. 30 | 26,250 | 26,250 | 1.81 | 32.77 | 3 | 187,134 |
| 32 | Upson Bankshares Inc. ** Thomaston, Ga. | First Polk Bancshares Inc. ** Cedartown, Ga. | Dec. 5, 2003 | Sept. 30 | 23,745 | 23,745 | 1.2 | 8.55 | 3 | 148,976 |
| 33 | Mountain Home Bancshares Mountain Home, Ark. | Pocahontas BankStock Inc. Ark. | Dec. 20, 2003 | Aug. 20 | 23,000 | 23,000 | 2.09 | 13.41 | 3 | 125,253 |
| 34 | North Valley Bancorp Redding, Calif. | Yolo Community Bank Woodland, Calif. | Apr. 26, 2004 | Aug. 31 | 23,408 | 22,529 | 2.28 | 17.51 | 3 | 104,942 |
| 35 | Prosperity Bancshares Inc. Houston | Village Bank and Trust Lakeway, Tex. | May. 13, 2004 | Aug. 1 | 20,200 | 19,200 | 1.83 | 20.56 | 1 | 110,385 |
| 36 | Salisbury Bancorp Inc. Lakeville, Conn. | Canaan National Bancorp Inc. Conn. | Nov. 18, 2003 | Sept. 10 | 14,904 | 16,116 | 1.79 | 19.78 | 2 | 108,766 |
| 37 | 1st Independence Financial Group Inc. Harrodsburg, Ky. | Independence Bancorp New Albany, Ind. | Jan. 22, 2004 | Jul. 9 | 17,136 | 12,770 | 1.85 | 18.39 | 4 | 94,220 |
| 38 | First Financial Bankshares Inc. Abilene, Tex. | Liberty National Bank Granbury, Tex. | Mar. 4, 2004 | Jul. 23 | 12,763 | 12,763 | 2.07 | 16.66 | 1 | 59,653 |
| 39 | Merchants and Manufacturers Bancorp. Brookfield, Wis. | Random Lake Bancorp Ltd. Wis. | Apr. 24, 2003 | Aug. 12 | 12,970 | 11,495 | 1.86 | 12.81 | 4 | 93,507 |
| 40 | Pinnacle Bancorp Inc. Central City, Neb. | Financial Services of the Rockies Inc. Colorado Springs | Apr. 29, 2004 | Jul. 1 | 11,200 | 11,200 | 2.68 | 16.62 | 4 | 72,295 |
| 41 | Eastman Acquisition Holding Co. Okla. | Eastman National Bancshares Newkirk, Okla. | Jul. 22, 2004 | Sept. 15 | 10,902 | 10,902 | 1.5 | 20.19 | 1 | 48,202 |
| 42 | Teche Holding Co. Franklin, La. | St. Landry Financial Corp. Opelousas, La. | Mar. 4, 2004 | Jul. 2 | 10,061 | 10,061 | 1.23 | 63.28 | 2 | 69,500 |
| 43 | Camco Financial Corp. Cambridge, Ohio | London Financial Corp. London, Ohio | Mar. 26, 2004 | Aug. 20 | 10,090 | 9,209 | 1.67 | 16.27 | 1 | 54,068 |
| 44 | Independent Bank Corp. Ionia, Mich. | North Bancorp Inc. Gaylord, Mich. | Mar. 5, 2004 | Jul. 1 | 8,526 | 8,605 | 2.25 | NM | 3 | 162,531 |
| 45 | GB&T Bancshares Inc. Gainesville, Ga. | Lumpkin County Bank Dahlonega, Ga. | Feb. 11, 2004 | Aug. 19 | 5,346 | 6,134 | 1.3 | NM | 2 | 70,459 |
| 46 | Parkway Bancorp Inc. Harwood Heights, Ill. | United Arizona Bank Cave Creek, Ariz. | May. 15, 2004 | Aug. 25 | 5,100 | 5,100 | 1.81 | NM | 1 | 24,874 |
| 47 | First Banks Inc. St. Louis | Continental Mortgage Corp. Aurora, Ill. | Apr. 12, 2004 | Jul. 30 | 4,206 | 4,206 | 1.44 | NM | 2 | 150,064 |
| 48 | Porter Bancorp Inc. Shepherdsville, Ky. | United Community Bank Glasgow, Ky. | Apr. 30, 2004 | Jul. 31 | 4,000 | 4,000 | 1.67 | NM | 4 | 36,457 |
| 49 | Pilot Bancorp Inc. Pilot Grove, Iowa | Farmers National Bank of Winfield Mount Pleasant, Iowa | May. 3, 2004 | Jul. 1 | 3,800 | 3,800 | 2.02 | 64.41 | 2 | 20,796 |
| 50 | Haines Financial Corp. Woodward, Okla. | First National Bank of Medford Okla. | Mar. 31, 2004 | Aug. 3 | 3,700 | 3,700 | 1.41 | 20.56 | 1 | 25,273 |
| 51 | Investor group Tex. | Western Dakota Holding Co. Timber Lake, S.D. | Apr. 6, 2004 | Sept. 8 | 2,975 | 2,975 | 1.44 | 21.72 | 2 | 16,915 |
| 52 | Waumandee Bancshares Ltd. Waumandee, Wis. | First State Bank Fountain City, Wis. | May. 10, 2004 | Jul. 10 | 2,600 | 2,600 | 1.67 | 19.12 | 1 | 21,321 |
| 53 | MFB Corp. Mishawaka, Ind. | Sobieski Bank South Bend, Ind. | Apr. 26, 2004 | Aug. 6 | 1,027 | 1,156 | NA | NM | 4 | 108,551 |
| 54 | Suburban FSB Crofton, Md. | Westview Savings Bank Baltimore | Apr. 27, 2004 | Sept. 30 | NA | NA | NA | NA | 2 | 69,696 |
| 55 | MidCountry Financial Corp. Macon, Ga. | ComBank Inc. Metropolis, Ill. | May. 1, 2004 | Sept. 1 | NA | NA | NA | NA | 7 | 135,970 |
| 56 | American Bancorp. St. Paul | Americana Capital Corp. Albert Lea, Minn. | Jul. 29, 2004 | Jul. 31 | NA | NA | NA | NA | 3 | 91,749 |
| 57 | State Financial Investments Winfield, Kan. | Bank of Commerce Udall, Kan. | May. 6, 2004 | Jul. 26 | NA | NA | NA | NA | 1 | 9,192 |
| 58 | Frontier Trust Co. Fargo, N.D. | Advest Bank and Trust Co. Hartford, Conn. | Sept. 17, 2003 | Jul. 8 | NA | NA | NA | NA | 1 | 3,447 |
| 59 | Sunflower Banks Inc. Salina, Kan. | Citizens Financial Corp. Liberal, Kan. | Apr. 27, 2004 | Jul. 8 | NA | NA | NA | NA | 2 | 60,472 |
Source: Highline Banking Data Services, (877-305-6657)
** Merger of equals
© 2004 American Banker