Bank and Thrift Merger Announcements

July 02, 2001, 10:08 a.m. EDT 1 Min Read

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Bank and Thrift Merger Announcements
For second quarter; dollars in thousands Published July 2, 2001

Rank		Buyer	City	Target	Announcement City	Announced Date	Announced Total Purchase Price$0	Price to Book Value	Price to Net Income ***	Target Total Assets $0
1	**	SunTrust Banks Inc.	Atlanta	Wachovia Corp.	Winston-Salem, N.C.	14-May	$14,866,866	2.14	17.74	$75,606,028
2	*	First Union Corp.	Charlotte, N.C.	Wachovia Corp.	Winston-Salem, N.C.	16-Apr	13,506,462	1.95	16.17	75,606,028
3		Washington Mutual Inc.	Seattle	Dime Bancorp	New York, N.Y.	25-Jun	5,148,125	2.92	29.34	27,050,041
4		BNP Paribas	Paris	BancWest Corp.	Honolulu	6-May	2,443,867	2.13	19.07	19,419,452
5		F.N.B. Corp.	Naples, Fla.	Promistar Financial Corp.	Johnstown, Pa.	14-Jun	426,816	2.52	22.78	2,056,106
6		BankNorth Group	Portland Maine	Andover Bancorp	Andover, Mass.	11-Jun	339,388	2.01	15.53	1,799,001
7		Marshall & Ilsley Corp.	Milwaukee	National City Bancorp.	Minneapolis, Minn.	30-Apr	249,980	1.48	13.97	1,203,772
8	*	MB Financial Inc.	Chicago	MidCity Financial Corp.	Chicago, Ill.	20-Apr	174,820	0.94	11.38	1,829,103
9		Greater Bay Bancorp	Palo Alto, Calif.	SJNB Financial Corp.	San Jose, Calif.	26-Jun	174,460	2.37	14.27	648,149
10		BankNorth Group	Portland, Maine	MetroWest Bank	Framingham, Mass.	11-Jun	166,274	2.63	15.29	914,420
11		FBOP Corp.	Oak Park, Ill.	Bank Plus Corp.	Los Angeles, Calif.	4-Jun	146,366	2.02	N/A	2,192,604
12		NBT Bancorp	Norwich, N.Y.	CNB Financial Corp.	Canajoharie, N.Y.	19-Jun	137,911	2.1	20.13	964,364
13		Allegiant Bancorp	St. Louis	Southside Bancshares Corp.	St Louis, Mo.	1-May	123,874	1.66	18.85	772,658
14		SouthTrust Corp.	Birmingham, Ala.	CENIT Bancorp	Norfolk, Va.	4-May	121,576	2.22	19.81	664,815
15		SouthTrust Corp.	Birmingham, Ala.	Community Bankshares	Richmond, Va.	29-Jun	119,365	2.8	19.73	406,639
16		Boston Private Financial Holdings	Boston	Borel Bank & Trust Co.	San Mateo, Calif.	27-Jun	113,976	3.69	17.14	358,758
17		Hanmi Financial Corp.	Los Angeles	California Center Bank	Los Angeles, Calif.	9-May	105,793	2.3	11.74	450,034
18		Synovus Financial Corp	Columbus, Ga.	FABP Bancshares	Pensacola, Fla.	29-Jun	100,000	3.91	21.98	294,496
19	*	Virginia Financial Corp.	Staunton, Va.	Virginia Commonwealth Financial Corp.	Culpeper, Va.	13-Jun	89,325	1.71	17.94	465,833
20		United Bankshares	Charleston, W.Va.	Century Bancshares	Washington, D.C.	14-Jun	66,620	2.52	N/A	415,483
21		BankFinancial Corp.	Olympia Fields, Ill.	Success Bancshares	Lincolnshire, Ill.	21-May	65,613	1.53	31.59	592,123
22		Mid-State Bancshares	Arroyo Grande, Calif.	Americorp	Ventura, Calif.	9-Apr	64,137	2.29	16.2	281,168
23		Colonial BancGroup	Montgomery, Ala.	Manufacturers Bancshares	Tampa, Fla.	18-Jun	55,700	3.08	22.23	271,814
24		Umpqua Holdings Corp.	Portland, Ore.	Independent Financial Network	Coos Bay, Ore.	22-Jun	55,069	1.6	22.64	389,566
25	**	Security National Servicing Corp.	Eureka, Calif.	Wilshire Financial Services Group	Portland, Ore.	4-Apr	54,366	0.57	N/A	712,774
26		Regions Financial Corp.	Birmingham	Park Meridian Financial Corp.	Charlotte, N.C.	27-Jun	49,030	2.01	17.84	283,833
27		First Banks America Inc.	Clayton, Mo.	BYL Bancorp	Orange, Calif.	22-Jun	48,962	1.59	32.11	278,731
28		Anchor BanCorp Wisconsin	Madison, Wis.	Ledger Capital Corp.	Glendale, Wisc.	15-Jun	42,679	1.11	15.3	507,113
29		Camco Financial Corp.	Cambridge, Ohio	Columbia Financial of Kentucky	Fort Mitchell, Ky.	5-Jun	30,171	1.03	53.76	108,354
30		Chemical Financial Corp.	Midland, Mich.	Bank West Financial Corp.	Grand Rapids, Mich.	1-May	30,046	1.21	19.38	278,936
31		Bank of East Asia	New York	Grand National Bank	Alhambra, Calif.	25-Apr	28,000	1.65	12.15	151,402
32		First Federal Capital Corp.	La Crosse, Wis.	American Community Bankshares	Wausau, Wisc.	23-May	27,400	2.17	16.33	138,910
33		Norway Bancorp	Norway, Maine	First Coastal Corp.	Portland, Maine	2-Apr	27,007	1.34	N/A	223,018
34		Danvers Bancorp	Danvers, Mass.	RFS Bancorp	Revere, Mass.	27-Apr	20,776	1.86	37.21	153,678
35		First Banks America Inc.	Clayton, Mo.	Charter Pacific Bank	Agoura Hills, Calif.	23-May	19,991	1.45	62.15	102,902
36		PNA Holding Co.	Niles, Ill.	PS Financial	Chicago	14-Jun	18,070	1.08	16.35	111,982
37		Russellville Bancshares	Jonesboro, Ark.	First Arkansas Valley Bank	Russellville, Ark.	23-Apr	17,000	1.46	9.92	272,687
38		First Financial Bankshares	Abilene, Tex.	City Bancshares	Mineral Wells, Tex.	12-Apr	16,500	2.03	8.89	89,625
39		Mercantile Bancorp	Dallas	TownBank	Mesquite, Tex.	18-May	15,750	2.45	10.98	74,774
40	*	Catawba Valley Bancshares	Hickory, N.C.	First Gaston Bank of N.C.	Gastonia, N.C.	31-May	14,840	1.28	13.02	111,846
41	*	Landmark Bancshares	Dodge City, Kan.	MNB Bancshares	Manhattan, Kan.	19-Apr	14,751	0.94	12.75	155,480
42		County Bancshares	Orange, Tex.	Newton Bancshares	Newton, Tex.	9-Apr	14,484	1.56	13.04	89,429
43		First Community Bancorp	Rancho Santa Fe, Calif.	First Charter Bank	Beverly Hills	22-May	13,561	1.42	N/A	135,254
44		Team Financial	Paola, Kan.	Post Bancorp	Colorado Springs, Colo.	7-May	13,000	1.95	7.3	52,986
45	**	First National Bank Group	Edinburg, Tex.	Alamo Corporation of Texas	Austin, Tex.	14-May	11,541	1.61	N/A	167,651
46		Garfield Acquisition Co.	Cincinnati	Foundation Bancorp	Cincinnati	3-Apr	8,383	1.15	52.9	34,306
47		Advance Financial Bancorp	Wellsburg, W.Va.	Ohio State Financial Services	Bridgeport, Ohio	18-Apr	8,005	0.97	32.89	165,534
48		Harvard Bancorp	Harvard, Ill.	Hebron Bancshares	Hebron, Ill.	29-May	6,000	1.98	20.91	25,564
49		ESB Financial Corp.	Ellwood City, Pa.	WSB Holding Co.	Pittsburgh	16-May	5,205	1.03	23.21	43,209
50		Industry Bancshares	Industry, Tex.	Coupland Bancshares	Coupland, Tex.	13-Apr	4,850	1.63	15.85	26,242
51		Heritage Bancshares	Lucama, N.C.	Pine Level Bank	Pine Level, N.C.	18-Apr	4,000	1.77	N/A	26,751
52		Guaranty Capital Corp.	Mamou, La.	Federal Savings Bank	Ville Platte, La.	25-May	3,500	2.08	60.34	23,948
53		Harrodsburg First Financial Bancorp	Harrodsburg, Ky.	Citizens Financial Bank	Glasgow, Ky.	3-Apr	3,087	N/A	N/A	N/A
54		Ottawa Bancshares Inc.	Salina, Kan.	Admire Bancshares	Emporia, Kan.	24-Apr	2,234	1.48	N/A	20,877
55		Geneva State Co.	Geneva, Neb.	Grafton State Bank	Grafton, Neb.	21-May	1,803	1.37	16.69	11,759
56		Peoples Home Holding	Greenbrier, Ark.	Peoples Bank	Portland, Ark.	30-May	898	1.13	N/A	6,077
57		Citigroup Inc.	New York	Grupo Financiero Banamex-Accival	Mexico City	17-May	N/A	N/A N/A	2,150,568
58		Investor Group	Inverness, Ill.	First Bancorp of Durango	Durango, Colo.	22-Jun	N/A	N/A	N/A	203,264
59		Whitney Holding Corp.	New Orleans	Redstone Financial	Houston	25-Jun	N/A	N/A	N/A	192,257
60		National Commerce Financial Corp.	Memphis	First Vantage Bank-Tenn.	Knoxville, Tenn.	6-Apr	N/A	N/A	N/A	168,242
61		Whitaker Bank Corporation of Kentucky	Lexington, Ky.	Citizens National Bank & Trust of Hazard	Hazard, Ky.	26-Apr	N/A	N/A	N/A	141,563
62		First National Bank Holding Co.	Longmont, Colo.	First State Bancorp of the Rockies	Fort Collins, Colo.	6-Apr	N/A	N/A	N/A	87,395
63		Central Bancshares	Lexington, Ky.	Salt Lick Bancorp	Owingsville, Ky.	14-May	N/A	N/A	N/A	47,938
64		First Express of Nebraska	Gering, Neb.	Community Bank-Dove Creek	Dove Creek, Colo.	7-May	N/A	N/A	N/A	30,709
65		Northwest Financial Corp.	Spencer, Iowa	Iowa State Bank	Oelwein, Iowa	17-Apr	N/A	N/A	N/A	19,583
66		Geneva State Co.	Geneva, Neb.	Shickley State Co.	Shickley, Neb.	10-May	N/A	N/A	N/A	16,525
67		First Independent Bancorp	Chickasha, Okla.	First American Bank	Minco, Okla.	25-Apr	N/A	N/A	N/A	15,080

* Merger of equals proposed
** Hostile bid
*** Last 12 months

The list was compiled from the top 500 bank holding companies at the highest reporting level by assets that file Y-9C reports with the Federal Reserve.