Bank and Thrift Merger Bids
Published January 13, 2005, 10:08 a.m. EST
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Updated January 02, 1970, 9:08 a.m. EST
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Bank and Thrift Merger Bids
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| Published January 13, 2005 | |||||||
| Buyer | Target | Announced | Price | Announced price to: | Targets assets | ||
| Equity | Net | ||||||
| 1 | Community Banks Inc. Harrisburg, Pa. | PennRock Financial Services Blue Ball, Pa. | Nov. 16 | $343,633 | 3.23 | 23.54 | $1,146,879 |
| 2 | Bank of Montreal Toronto | Mercantile Bancorp Inc. Hammond, Ind. | Oct. 13 | 157,971 | 1.85 | 31.54 | 794,114 |
| 3 | Berkshire Hills Bancorp Inc. Pittsfield, Mass. | Woronoco Bancorp Inc. Westfield, Mass. | Dec. 17 | 146,833 | 1.65 | 23.43 | 898,479 |
| 4 | Valley National Bancorp Wayne, N.J. | NorCrown Bank Livingston, N.J. | Nov. 9 | 141,000 | 3.03 | 24.15 | 621,966 |
| 5 | F.N.B. Corp. Hermitage, Pa. | NSD Bancorp Inc. Pittsburgh | Oct. 15 | 136,415 | 3.61 | 34.52 | 532,326 |
| 6 | Valley National Bancorp Wayne, N.J. | Shrewsbury Bancorp N.J. | Dec. 2 | 135,960 | 2.31 | 23.08 | 425,361 |
| 7 | Prosperity Bancshares Inc. Houston | FirstCapital Bankers Inc. Corpus Christi, Tex. | Oct. 26 | 135,700 | 2.16 | 30.29 | 781,837 |
| 8 | Whitney Holding Corp. New Orleans | Destin Bancshares Inc. Fla. | Oct. 13 | 115,000 | 5.69 | 28.66 | 450,863 |
| 9 | Centennial Bank Holdings Inc. Eaton, Colo. | First MainStreet Financial Ltd. Longmont, Colo. | Dec. 21 | 105,000 | 2.17 | 24.56 | 388,093 |
| 10 | South Financial Group Inc. Greenville, S.C. | Pointe Financial Corp. Boca Raton, Fla. | Oct. 27 | 101,460 | 2.61 | 29.88 | 374,265 |
| 11 | KNBT Bancorp Inc. Bethlehem, Pa. | Northeast Pennsylvania Financial Corp. Hazelton | Dec. 9 | 98,655 | 1.59 | N/M | 880,538 |
| 12 | Wintrust Financial Corp. Lake Forest, Ill. | Antioch Holding Co. Antioch, Ill. | Oct. 15 | 95,000 | 2.65 | 18.64 | 438,197 |
| 13 | City Holding Co. Charleston, W.Va. | Classic Bancshares Inc. Ashland, Ky. | Dec. 29 | 77,362 | 1.86 | 16.79 | 339,866 |
| 14 | Sky Financial Group Inc. Bowling Green, Ohio | Belmont Bancorp Bridgeport, Ohio | Dec. 22 | 69,206 | 2.16 | 26.55 | 296,728 |
| 15 | Franklin Bank Corp. Houston | First National Bank of Athens Tex. | Dec. 21 | 58,275 | 2.10 | 27.72 | 213,404 |
| 16 | Main Street Trust Inc. Champaign, Ill. | Citizens First Financial Corp. Bloomington, Ill. | Nov. 8 | 57,830 | 1.54 | 31.08 | 327,103 |
| 17 | Seacoast Banking Corp. of Florida Stuart | Century National Bank Orlando, Fla. | Nov. 30 | 46,193 | 2.36 | 28.13 | 283,785 |
| 18 | Wintrust Financial Corp. Lake Forest, Ill. | First Northwest Bancorp Inc. Arlington Heights, Ill. | Nov. 17 | 44,131 | 3.32 | 21.05 | 236,334 |
| 19 | Opportunity Partners LP ** Pleasantville, N.Y. | Wells Financial Corp. ** Wells, Minn. | Nov. 18 | 42,415 | 1.41 | 15.20 | 223,353 |
| 20 | Glacier Bancorp Inc. Kalispell, Mont. | First National Banks-West Co. Evanston, Wyo. | Nov. 22 | 41,000 | 2.74 | 12.08 | 234,280 |
| 21 | First Citizens Bancorp. Inc. Columbia, S.C. | People's Community Capital Corp. Aiken, S.C. | Oct. 18 | 39,900 | 2.78 | 27.53 | 121,460 |
| 22 | Texas Regional Bancshares McAllen | Mercantile Bank and Trust FSB Dallas | Oct. 8 | 35,640 | 2.22 | 57.35 | 176,941 |
| 23 | Riverview Bancorp Inc. Vancouver, Wash. | American Pacific Bank Portland, Ore. | Nov. 9 | 34,389 | 1.83 | 21.16 | 119,967 |
| 24 | BOK Financial Corp. Tulsa | Valley Commerce Bancorp Ltd. Phoenix | Dec. 21 | 32,000 | 2.70 | 24.54 | 152,286 |
| 25 | GB&T Bancshares Inc. Gainesville, Ga. | FNBG Bancshares Inc. Duluth, Ga. | Oct. 4 | 27,707 | 2.99 | 30.85 | 103,327 |
| 26 | CVB Financial Corp. Ontario, Calif. | Granite State Bank Monrovia, Calif. | Oct. 21 | 27,000 | 2.37 | 32.86 | 108,716 |
| 27 | Center Bancorp Inc. Union, N.J. | Red Oak Bank Morristown, N.J. | Dec. 20 | 26,300 | 2.26 | 48.79 | 97,138 |
| 28 | First Financial Bankshares Inc. Abilene, Tex. | Clyde Financial Corp. Tex. | Oct. 25 | 25,400 | 1.88 | 46.18 | 113,300 |
| 29 | Premier Valley Bank Fresno, Calif. | Yosemite Bank Mariposa, Calif. | Oct. 22 | 24,915 | 2.20 | 11.09 | 155,909 |
| 30 | Western Sierra Bancorp Cameron Park, Calif. | Gold Country Financial Services Marysville, Calif. | Nov. 19 | 23,100 | 2.94 | 20.28 | 144,255 |
| 31 | SCBT Financial Corp. Columbia, S.C. | New Commerce BanCorp Greenville, S.C. | Dec. 17 | 20,210 | 2.12 | N/M | 92,667 |
| 32 | Investor group Tenn. | BankTennessee Collierville | Nov. 22 | 17,500 | 1.23 | N/M | 191,154 |
| 33 | Glacier Bancorp Inc. Kalispell, Mont. | Citizens Bank Holding Co. Pocatello, Idaho | Dec. 15 | 17,200 | 2.32 | 19.24 | 103,851 |
| 34 | Oak Hill Financial Inc. Jackson, Ohio | Lawrence Financial Holdings Inc. Ironton, Ohio | Oct. 12 | 15,981 | 1.13 | 39.69 | 125,024 |
| 35 | Cornerstone Financial Services Group Ottumwa, Iowa | West Liberty Holding Co. Iowa | Oct. 13 | 14,075 | 1.47 | 13.79 | 97,304 |
| 36 | Central Bancshares Inc. Lexington, Ky. | First Bank Louisville | Dec. 29 | 13,500 | 1.07 | N/M | 198,721 |
| 37 | Rural Bancshares of Wisconsin Inc. Fennimore | LSB Holding Co. Livingston, Wis. | Oct. 6 | 13,500 | 1.23 | 11.31 | 99,287 |
| 38 | Hudson Valley Holding Corp. Yonkers, N.Y. | New York National Bank | Dec. 24 | 13,404 | 1.87 | 77.28 | 138,618 |
| 39 | FNB Bancorp San Francisco | Sequoia National Bank San Francisco | Nov. 5 | 11,667 | 1.74 | N/M | 65,735 |
| 40 | First Defiance Financial Corp. Ohio | Genoa Savings and Loan Co. Ohio | Oct. 13 | 11,000 | NA | NA | 94,495 |
| 41 | Generations Bancorp Kansas City, Mo. | Generations Bank Kansas City, Mo. | Oct. 26 | 10,100 | 1.26 | 31.27 | 81,483 |
| 42 | Peoples Community Bancorp Inc. West Chester, Ohio | American State Corp. Lawrenceburg, Ind. | Dec. 17 | 7,736 | 1.75 | 14.14 | 69,845 |
| 43 | IB Bancshares Inc. McKinney, Tex. | Coupland State Bank Tex. | Oct. 5 | 7,500 | 1.31 | 54.35 | 57,446 |
| 44 | Porter Bancorp Inc. Shepherdsville, Ky. | Citizens Financial Bank Inc. Glasgow, Ky. | Oct. 22 | 4,121 | 1.05 | 13.47 | 43,772 |
| 45 | Atlanta Bancorp | Gibsonville Community Bank N.C. | Dec. 21 | 3,750 | 2.79 | 26.41 | 19,476 |
| 46 | Centrue Financial Corp. Kankakee, Ill. | Illinois Community Bancorp Inc. Effingham | Dec. 31 | 3,315 | 2.44 | N/M | 42,464 |
| 47 | Centennial Bancshares Inc. Little Rock | Pine State Bancshares Inc. Kingsland, Ark. | Nov. 11 | 2,750 | 1.94 | 19.37 | 17,928 |
| 48 | Firstrust Corp. New Orleans | Central Bank for Savings Winona, Miss. | Oct. 1 | 2,518 | 1.16 | N/M | 33,756 |
| 49 | Bank of the South Mount Juliet, Tenn. | Academy Bank Lebanon, Tenn. | Dec. 16 | NA | NA | NA | 41,654 |
| 50 | Citizens and Northern Corp. Wellsboro, Pa. | Canisteo Valley Corp. Canisteo, N.Y. | Nov. 22 | NA | NA | NA | 42,556 |
| 51 | First BanCorp Santurce, Puerto Rico | Ponce General Corp. Miami | Nov. 22 | NA | NA | NA | 479,062 |
| 52 | Grabill Bancorp * Grabill, Ind. | MarBanc Financial Corp. * Markle, Ind. | Nov. 23 | NA | NA | NA | 219,257 |
| 53 | Habersham Bancorp Cornelia, Ga. | Liberty Bank and Trust Toccoa, Ga. | Dec. 29 | NA | NA | NA | 24,320 |
| 54 | IB Bancshares Inc. McKinney, Tex. | First Celina Corp. Tex. | Oct. 25 | NA | NA | NA | 89,796 |
| 55 | Investor group | Innovative Bancorp Calabasas, Calif. | Dec. 20 | NA | NA | NA | 82,541 |
| 56 | Keystone Investment Inc. Neb. | Elsie Inc. Neb. | Nov. 2 | NA | NA | NA | 11,812 |
| 57 | Liberty Bancshares Inc. Jonesboro, Ark. | TrustBanc Financial Group Inc. Mountain Home, Ark. | Dec. 9 | NA | NA | NA | 113,198 |
| 58 | State Capital Corp. Greenwood, Miss. | First Bancshares of Baton Rouge Inc. | Nov. 19 | NA | NA | NA | 97,694 |
*Merger-of-equals agreement
**Hostile or unsolicited bid
Source: Highline Banking Data Services (877-305-6657)
© 2005 American Banker