Bank and Thrift Deals Completed in the Third Quarter of 2005
October 21, 2005, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Deals Completed in the Third Quarter of 2005
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| Published October 21, 2005 | ||||||||||
| Related Table: Top 10 deals by price to equity/price to net income | ||||||||||
| Rank | Buyer | Seller | Date | Price | Price at completion to: | Seller's | ||||
| Announced | Completed | Announced | Completed | Equity | 12-month net | Branches | Assets | |||
| 1 | Community Banks Inc. Harrisburg, Pa. | PennRock Financial Services Blue Ball, Pa. | 11/16/04 | 07/01/05 | $343,633 | $280,211 | 2.62 | 22.61 | 18 | $1,146,879 |
| 2 | East West Bancorp Inc. San Marino, Calif. | United National Bank San Marino, Calif. | 06/30/05 | 09/07/05 | 164,670 | 177,900 | 2.30 | 17.27 | 11 | 970,268 |
| 3 | Willow Grove Bancorp Inc. Maple Glen, Pa. | Chester Valley Bancorp Inc. Downingtown, Pa. | 01/20/05 | 08/31/05 | 151,527 | 132,651 | 2.34 | 25.81 | 11 | 669,115 |
| 4 | Wells Fargo and Co. San Francisco | First Community Capital Corp. Houston | 09/02/04 | 07/31/05 | 123,655 | 123,655 | 2.95 | 98.29 | 15 | 553,175 |
| 5 | First Citizens Bancorp. Inc. Columbia, S.C. | Summit Financial Corp. Greenville, S.C. | 03/07/05 | 07/01/05 | 110,206 | 110,243 | 2.63 | 21.60 | 5 | 320,938 |
| 6 | Fulton Financial Corp. Lancaster, Pa. | SVB Financial Services Inc. Somerville, N.J. | 01/11/05 | 07/01/05 | 89,420 | 91,451 | 2.89 | 25.24 | 11 | 482,958 |
| 7 | First Community Bancorp Rancho Santa Fe, Calif. | First American Bank Rosemead, Calif. | 04/28/05 | 08/12/05 | 62,300 | 62,300 | 2.86 | 25.51 | 5 | 244,750 |
| 8 | Pacific Capital Bancorp Santa Barbara, Calif. | First Bancshares Inc. San Luis Obispo, Calif. | 02/28/05 | 08/01/05 | 60,829 | 60,829 | 2.89 | 20.56 | 2 | 279,960 |
| 9 | Princeton National Bancorp Inc. Ill. | Somonauk FSB Bancorp Inc. Ill. | 02/22/05 | 07/31/05 | 49,697 | 50,740 | 2.12 | 23.19 | 4 | 210,284 |
| 10 | Home Bancshares Inc. Conway, Ark. | Mountain View Bancshares Ark. | 04/22/05 | 09/01/05 | 43,750 | 43,750 | 1.65 | 10.52 | 2 | 182,155 |
| 11 | Community Bancorp Las Vegas | Bank of Commerce Henderson, Nev. | 05/19/05 | 08/29/05 | 40,000 | 40,000 | 2.35 | 24.29 | 3 | 167,493 |
| 12 | First Busey Corp. Urbana, Ill. | Tarpon Coast Bancorp Inc. Port Charlotte, Fla. | 02/24/05 | 07/29/05 | 35,565 | 35,636 | 3.06 | 47.15 | 4 | 145,633 |
| 13 | Community Bancorp Inc. Escondido, Calif. | Rancho Bernardo Community Bank San Diego | 04/22/05 | 08/19/05 | 33,200 | 34,500 | 3.08 | 21.21 | 2 | 113,778 |
| 14 | Sterling Bancshares Inc. Houston | Prestonwood Bancshares Inc. Dallas | 07/08/05 | 09/30/05 | 34,375 | 34,375 | 3.23 | 22.70 | 5 | 106,096 |
| 15 | First Security Group Inc. Chattanooga, Tenn. | Jackson Bank and Trust Gainesboro, Tenn. | 05/12/05 | 09/01/05 | 33,128 | 33,300 | 1.69 | 16.05 | 5 | 170,645 |
| 16 | First Horizon National Corp. Memphis | West Metro Financial Services Dallas, Ga. | 03/15/05 | 08/26/05 | 32,000 | 32,000 | 2.10 | 22.46 | 2 | 130,743 |
| 17 | MainSource Financial Group Inc. Greensburg, Ind. | Madison Bank and Trust Co. Ind. | 03/10/05 | 08/27/05 | 29,161 | 28,139 | 2.16 | 24.15 | 6 | 216,029 |
| 18 | Franklin Bank Corp. Houston | Elgin Bank of Texas | 01/27/05 | 07/18/05 | 23,400 | 23,400 | NA | NA | 3 | 84,471 |
| 19 | MutualFirst Financial Inc. Muncie, Ind. | Fidelity Federal Savings Bank Marion, Ind. | 03/03/05 | 09/19/05 | 20,000 | 20,000 | NA | NA | 3 | 109,792 |
| 20 | First National Corp. Wynne, Ark. | Bank of Harrisburg Ark. | 04/20/05 | 08/01/05 | 14,943 | 14,943 | 2.35 | 15.25 | 1 | 67,747 |
| 21 | Iron Horse Bancshares Inc.* Mazomanie, Wis. | Community Bancshares* Spring Green, Wis. | 02/23/05 | 07/16/05 | 9,601 | 9,601 | 1.21 | 19.96 | 2 | 75,950 |
| 22 | Citizens Community Bancorp Eau Claire, Wis. | Community Plus Savings Bank Rochester Hills, Mich. | 01/06/05 | 07/01/05 | 9,250 | 9,172 | NA | NA | 1 | 46,430 |
| 23 | Peotone Bancorp Inc. Ill. | Vermilion Bancorp Inc. Danville, Ill. | 03/25/05 | 08/23/05 | 8,700 | 8,700 | 1.67 | 30.91 | 1 | 50,253 |
| 24 | Investor group Kansas City, Mo. | Garden City Bancshares Inc. Mo. | 05/20/05 | 07/29/05 | 7,908 | 7,953 | 1.47 | 10.40 | 1 | 72,098 |
| 25 | Tombigbee Bancshares Inc. Sweet Water, Ala. | Sweet Water State Bank Ala. | 04/07/05 | 08/01/05 | 6,500 | 6,500 | 1.56 | 10.06 | 3 | 55,087 |
| 26 | Albany Bancshares Inc. Ill. | Hillsdale Development Corp. Ill. | 04/12/05 | 08/01/05 | 5,822 | 5,822 | 2.00 | 11.35 | 2 | 41,416 |
| 27 | Habersham Bancorp Cornelia, Ga. | Liberty Bank and Trust Toccoa, Ga. | 12/29/04 | 07/22/05 | 4,350 | 4,350 | 1.34 | NA | 2 | 23,600 |
| 28 | Greater Southwest BancShares Inc. Irving, Tex. | Bank of Vernon Tex. | 03/01/05 | 08/29/05 | 3,750 | 3,750 | 1.20 | 52.82 | 1 | 16,278 |
| 29 | FC Holdings Inc. Houston | First Community Bank San Antonio | 09/03/04 | 07/31/05 | 4,171 | 3,628 | 1.14 | NA | 3 | 17,342 |
| 30 | Independent Bank Group Central Texas Inc. McKinney | First FSB Bancshares Inc. Mount Calm, Tex. | 03/30/05 | 07/09/05 | 3,500 | 3,500 | 1.82 | NA | 5 | 28,152 |
| 31 | Evolve Financial Group Inc. Memphis | Parkin Bancorp Inc. Ark. | 03/22/05 | 08/02/05 | 2,968 | 2,968 | 5.29 | 28.27 | 2 | 22,414 |
| 32 | Abigail Adams National Bancorp Washington, D.C. | Consolidated Bank and Trust Co. Richmond | 02/10/05 | 07/29/05 | 2,558 | 2,316 | 1.31 | NA | 4 | 70,559 |
| 33 | Omni Financial Services Inc. Atlanta | Georgia Community Bank Dalton | 05/16/05 | 07/01/05 | 2,025 | 2,025 | 3.29 | NA | 1 | 43,677 |
| 34 | Ameribank Holding Co. Collinsville, Okla. | Boynton Holding Co. Inc. Muskogee, Okla. | 01/25/05 | 08/01/05 | 1,140 | 1,140 | 1.70 | NA | 1 | 8,834 |
| 35 | iTeam Cos. Inc. Brookfield, Wis. | Bank of Kenney Ill. | 03/07/05 | 08/22/05 | 1,062 | 1,062 | 1.53 | NA | 1 | 4,432 |
| 36 | Sixth Bancshares Salina, Kan. | Geneseo Bancshares Inc. Kan. | 06/01/05 | 08/15/05 | 850 | 850 | 2.04 | 25.00 | 1 | 5,042 |
| 37 | First Arkansas Bancshares Jacksonville | Lake Hamilton Enterprises Little Rock | 04/15/05 | 09/02/05 | NA | NA | NA | NA | 13 | 276,659 |
| 38 | MOW/RPW II Ltd. Victoria, Tex. | Planters and Merchants Bancshares Hearne, Tex. | 04/13/05 | 09/01/05 | NA | NA | NA | NA | 3 | 187,609 |
| 39 | Union Bankshares Inc. Mena, Ark. | First Paris Holding Co. Little Rock | 06/29/05 | 09/02/05 | NA | NA | NA | NA | 4 | 102,548 |
| 40 | Deerwood Bancshares Inc. Minn. | Northome Bancshares Inc. Minn. | 03/02/05 | 07/15/05 | NA | NA | NA | NA | 4 | 52,792 |
| 41 | Citizens and Northern Corp. Wellsboro, Pa. | Canisteo Valley Corp. N.Y. | 11/22/04 | 08/31/05 | NA | NA | NA | NA | 2 | 42,500 |
| 42 | Landmark National Bank Solana Beach, Calif. | Legacy Bank La Jolla, Calif. | 04/05/05 | 07/15/05 | NA | NA | NA | NA | 1 | 39,777 |
* Merger-of-equals
Source: Highline Banking Data Services (877-305-6657)
© 2005 American Banker