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Bank and Thrift Deals Completed in the Third Quarter of 2006

October 26, 2006, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Deals Completed in the Third Quarter of 2006

Bank and Thrift Deals Completed in the Third Quarter of 2006
Ranked by price at completion
Published October 26, 2006
Related Table: Top 10 deals by price to equity; Top 10 deals by price to net income
Rank Buyer Seller Date Price (millions) Price at completion to: Seller's
Announced Completed Announced Completed Equity 12-month net Branches Assets (000s)
1 MB Financial Inc. Chicago First Oak Brook Bancshares Inc. Ill. 5/1/2006 8/25/2006 $372.6 $378.2 2.80 25.00 21 $2,362,404
2 Hudson City Bancorp Inc. Paramus, N.J. Sound Federal Bancorp Inc. White Plains, N.Y. 2/8/2006 7/14/2006 265.3 265.3 2.06 59.29 14 1,169,591
3 Trustmark Corp. Jackson, Miss. Republic Bancshares of Texas Inc. Houston 4/13/2006 8/25/2006 201.9 204.5 4.71 28.50 6 653,990
4 BB&T Corp. Winston-Salem, N.C. First Citizens Bancorp. Cleveland, Tenn. 1/11/2006 8/1/2006 144.8 142.8 3.43 13.45 21 719,764
5 Mercantile Bankshares Corp. Baltimore James Monroe Bancorp Inc. Arlington, Va. 3/27/2006 7/17/2006 143.8 135.0 3.12 28.75 7 544,871
6 Midwest Banc Holdings Inc. Melrose Park, Ill. Royal American Corp. Inverness, Ill. 2/8/2006 7/1/2006 133.4 127.7 2.74 24.14 5 519,425
7 U.S. Bancorp Minneapolis Vail Banks Inc. Avon, Colo. 5/31/2006 9/1/2006 98.6 98.6 1.50 17.17 25 724,135
8 UMB Financial Corp. Kansas City, Mo. Mountain States Bancorp. Inc. Denver 6/1/2006 9/15/2006 83.0 83.0 2.16 26.97 4 283,242
9 Commerce Bancshares Inc. Kansas City, Mo. West Pointe Bancorp Inc. Belleville, Ill. 4/13/2006 9/1/2006 80.9 80.9 2.71 NM 5 459,596
10 National Bancshares Inc. Bettendorf, Iowa Metrocorp Inc. East Moline, Ill. 3/20/2006 7/7/2006 79.5 79.5 1.82 18.29 20 577,367
11 Banc Corp. Birmingham, Ala. Kensington Bankshares Inc. Tampa 3/6/2006 8/31/2006 70.9 73.3 2.60 25.44 10 324,654
12 Sterling Bancshares Inc. Houston BOTH Inc. Kerrville, Tex. 7/25/2006 9/29/2006 72.5 72.5 3.43 15.17 6 320,119
13 Sterling Financial Corp. Spokane Lynnwood Financial Group Mountlake Terrace, Wash. 2/12/2006 7/5/2006 63.8 71.7 1.44 6.81 1 490,650
14 Vineyard National Bancorp Rancho Cucamonga, Calif. Rancho Bank San Dimas, Calif. 4/19/2006 7/31/2006 57.8 57.8 2.96 21.07 4 227,740
15 First Commonwealth Financial Corp. Indiana, Pa. Laurel Capital Group Inc. Allison Park, Pa. 4/27/2006 8/28/2006 57.5 57.5 2.07 28.25 8 314,295
16 Security Bank Corp. Macon, Ga. Homestead Bank Suwanee, Ga. 4/19/2006 7/31/2006 50.0 50.0 2.53 16.23 1 258,842
17 Crescent Financial Corp. Cary, N.C. Port City Capital Bank Wilmington, N.C. 4/6/2006 8/31/2006 39.0 40.2 3.04 19.08 1 163,511
18 Community Bank System Inc. De Witt, N.Y. ES&L Bancorp Inc. Elmira, N.Y. 4/20/2006 8/11/2006 39.5 39.5 1.81 14.05 2 210,883
19 Enterprise Financial Services Corp. St. Louis NorthStar Bancshares Inc. North Kansas City, Mo. 3/22/2006 7/5/2006 36.0 36.0 1.86 30.23 5 188,201
20 NBC Capital Corp. Starkville, Miss. SunCoast Bancorp Inc. Sarasota, Fla. 3/16/2006 8/17/2006 35.1 35.1 2.37 42.71 3 140,281
21 BNC Bancorp Thomasville, N.C. SterlingSouth Bank and Trust Co. Greensboro, N.C. 2/6/2006 7/20/2006 34.9 33.8 2.54 20.44 2 161,896
22 Commerce Bancshares Inc. Kansas City, Mo. Jones Financial Cos. Des Peres, Mo. 4/4/2006 7/21/2006 31.6 31.6 2.06 35.75 4 154,518
23 Silver State Bancorp Henderson, Nev. Choice Bank Scottsdale, Ariz. 3/29/2006 9/5/2006 31.2 31.2 2.69 33.89 2 105,513
24 Community Bank Shares of Indiana Inc. New Albany Bancshares Inc. Scottsburg, Ind. 2/15/2006 7/1/2006 31.1 31.1 2.19 22.34 4 127,822
25 Centra Financial Holdings Inc. Morgantown, W.Va. Smithfield State Bank of Smithfield, Pennsylvania 4/7/2006 8/25/2006 28.8 28.8 1.54 50.88 4 235,079
26 Premier Community Bankshares Inc. Winchester, Va. Albemarle First Bank Charlottesville, Va. 1/12/2006 7/1/2006 28.7 28.7 2.36 NM 3 123,131
27 Emprise Financial Corp. Wichita Prairie Capital Inc. Augusta, Kan. 4/17/2006 7/24/2006 25.9 25.9 1.97 NM 11 289,492
28 First Banks Inc. Clayton, Mo. San Diego Community Bank Chula Vista, Calif. 5/10/2006 8/15/2006 25.5 25.5 1.99 20.45 3 94,399
29 Franklin Financial Services Corp. Chambersburg, Pa. Fulton Bancshares Corp. McConnellsburg, Pa. 1/23/2006 7/1/2006 23.5 23.5 1.60 NM 7 139,637
30 First Federal Financial Services Inc. Edwardsville, Ill. Clover Leaf Financial Corp. Edwardsville, Ill. 2/3/2006 7/10/2006 21.9 21.2 2.02 31.33 3 133,567
31 Bancshares of Florida Inc. Naples Bristol Bank Coral Gables, Fla. 3/7/2006 8/25/2006 20.9 20.9 2.07 NM 1 90,470
32 Great River Holding Co. Morris, Minn. First Federal Bancorp. Bemidji, Minn. 5/21/2006 9/21/2006 20.3 20.3 1.49 25.09 6 150,057
33 Glacier Bancorp Inc. Kalispell, Mont. First National Bank of Morgan Utah 5/31/2006 8/31/2006 20.0 20.0 2.14 17.73 2 70,546
34 GN Bankshares Inc. Girard, Kan. Valley State Investments Inc. Lamar, Colo. 5/8/2006 9/1/2006 18.6 18.6 2.08 20.35 3 99,061
35 Allegheny Valley Bancorp Inc. Pittsburgh RSV Bancorp Inc. Pittsburgh 4/13/2006 9/11/2006 16.6 16.6 2.41 31.87 2 76,033
36 New Century Bancorp Inc. Dunn, N.C. Progressive State Bank Lumberton, N.C. 2/2/2006 7/13/2006 16.6 16.6 2.34 27.43 5 63,890
37 Stark Bank Group Ltd. Fort Dodge, Iowa Commerce Bancshares Inc. Waukee, Iowa 4/28/2006 8/18/2006 14.8 14.8 2.41 40.77 1 56,709
38 Kentucky Bancshares Inc. Paris Peoples Bancorp of Sandy Hook Inc. Ky. 2/24/2006 7/7/2006 14.0 14.0 1.62 18.86 2 89,210
39 Investor group Ridgestone Financial Services Inc. Brookfield, Wis. 3/20/2006 9/19/2006 14.0 14.0 1.61 43.75 2 103,085
40 First Banks Inc. Clayton, Mo. Teamco Inc. Oak Lawn, Ill. 6/14/2006 8/31/2006 13.9 13.9 2.24 33.01 1 68,182
41 Community Bancorp Las Vegas Cactus Commerce Bank Glendale, Ariz. 7/20/2006 9/29/2006 13.3 13.3 3.11 NM 1 41,407
42 Carver Bancorp Inc. New York Community Capital Bank Brooklyn, N.Y. 4/5/2006 9/29/2006 11.2 11.2 1.57 22.99 2 166,123
43 BancFirst Corp. Oklahoma City First Bartlesville Bank Okla. 4/11/2006 8/3/2006 5.6 5.6 1.52 NM 1 44,274
44 First Bancshares Inc. Hattiesburg, Miss. First National Bank of Wiggins Miss. 5/18/2006 9/30/2006 4.2 4.2 1.40 NM 1 46,256
45 F and M Bancshares Inc. Trezevant, Tenn. Citizens City and County Bank Trenton, Tenn. 4/10/2006 7/14/2006 3.8 3.8 1.42 12.41 1 28,028
46 Finlayson Bancshares Inc. Minn. First National Agency Co. of Deer River Inc. Minn. 5/10/2006 8/7/2006 2.9 2.9 1.21 49.31 2 13,557
47 Minnesota Bancshares Inc. Minneapolis Heron Lake Bancshares Inc. Minn. 4/3/2006 9/13/2006 2.8 2.8 1.35 20.29 1 27,508
48 Mid-America Bancshares Inc. Nashville Bank of the South Mount Juliet, Tenn. 11/21/2005 9/1/2006 NA NA NA NA 6 397,249
49 Midwest Community Bancshares Inc. Marion, Ill. C.P. Burnett and Sons Inc. Eldorado, Ill. 6/2/2006 9/30/2006 NA NA NA NA 1 47,625
50 Docking Bancshares Inc. Arkansas City, Kan. State Financial Investments Inc. Winfield, Kan. 3/6/2006 7/5/2006 NA NA NA NA 4 109,901
51 First National Bank and Trust Co. Shawnee, Okla. GSB Holding Inc. Mangum, Okla. 6/1/2006 7/31/2006 NA NA NA NA 4 51,452

Source: SNL Financial, Charlottesville, Va. (www.snl.com)

© 2006 American Banker
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