Bank and Thrift Merger Bids Announced
May 25, 2004, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Merger Bids Announced
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Published May 25, 2004 | |||||||||||
Price to: | Seller's | ||||||||||
Buyer | Target | Announced | Completed | Price | Equity | 12-mo. Net | Buyer's assets | Assets | Employees | Branches | |
1 | J.P. Morgan Chase & Co. New York | Bank One Corp. Chicago | Jan. 14 | pending | $59,239,713 | 2.47 | 16.37 | $770,912,000 | $326,563,000 | 66,768 | 1,799 |
2 | North Fork Bancorp. Melville, N.Y. | GreenPoint Financial Corp. New York | Feb. 16 | pending | 6,272,137 | 3.41 | 13.29 | 20,961,641 | 22,985,000 | 4,683 | 86 |
3 | Regions Financial Corp.* Birmingham, Ala. | Union Planters Corp.* Memphis | Jan. 23 | pending | 6,008,634 | 1.93 | 11.87 | 48,597,996 | 31,910,729 | 10,640 | 717 |
4 | National City Corp. Cleveland | Provident Financial Group Inc. Cincinnati | Feb. 17 | pending | 2,094,179 | 2.23 | 20.72 | 113,933,460 | 17,017,505 | 3,177 | 65 |
5 | BancWest Corp. Honolulu, Hawaii | Community First Bankshares Fargo, N.D. | 16-Mar | pending | 1,216,815 | 3.29 | 15.85 | 38,352,215 | 5,465,107 | 2,162 | 155 |
6 | Sovereign Bancorp Inc. Philadelphia | Seacoast Financial Services Corp. New Bedford, Mass. | Jan. 26 | pending | 1,099,213 | 2.41 | 32.42 | 43,505,329 | 4,385,136 | 852 | 53 |
7 | Sovereign Bancorp Inc. Philadelphia | Waypoint Financial Corp. Harrisburg, Pa. | 9-Mar | pending | 981,207 | 2.33 | 22.62 | 43,505,329 | 5,329,902 | 942 | 65 |
8 | Silver Acquisition Corp. Leawood, Kan. | Gold Banc Corp. Inc. Leawood, Kan. | Feb. 25 | pending | 665,866 | 2.63 | 22.29 | NA | 4,322,625 | 883 | 57 |
9 | First Niagara Financial Group Inc. Lockport, N.Y. | Hudson River Bancorp Inc. Hudson, N.Y. | 2-Apr | pending | 619,020 | 2.18 | 19.42 | 3,589,507 | 2,579,259 | 707 | 50 |
10 | Associated Banc-Corp Green Bay, Wis. | First Federal Capital Corp. La Crosse, Wis. | 28-Apr | pending | 613,668 | 2.18 | 17.35 | 15,247,894 | 3,308,324 | 1,213 | 91 |
11 | Huntington Bancshares Inc. Columbus, Ohio | Unizan Financial Corp. Canton, Ohio | Jan. 27 | pending | 576,489 | 1.89 | 24.6 | 30,483,804 | 2,727,249 | 735 | 46 |
12 | Commercial Capital Bancorp Inc. Irvine, Calif. | Hawthorne Financial Corp. El Segundo, Calif. | Jan. 27 | pending | 492,841 | 2.4 | 15.62 | 1,723,139 | 2,674,003 | 386 | 12 |
13 | Central Pacific Financial Corp. Honolulu | CB Bancshares Inc. Honolulu | 23-Apr | pending | 420,772 | 2.27 | 19.45 | 2,170,268 | 1,903,661 | 520 | 22 |
14 | International Bancshares Corp. Laredo, Tex. | Local Financial Corp. Oklahoma City | Jan. 22 | pending | 383,426 | 2.07 | 12.95 | 6,578,310 | 2,881,543 | 846 | 52 |
15 | Popular Inc. Hato Rey, Puerto Rico | Quaker City Bancorp Inc. Whittier, Calif. | 19-Mar | pending | 369,612 | 2.41 | 15.55 | 36,434,715 | 1,755,062 | 248 | 18 |
16 | Umpqua Holdings Corp. Portland, Ore. | Humboldt Bancorp Roseville, Calif. | 15-Mar | pending | 338,242 | 2.28 | 9.24 | 2,963,815 | 1,044,561 | 377 | 22 |
17 | Sky Financial Group Inc. Bowling Green, Ohio | Second Bancorp Inc. Warren, Ohio | Jan. 8 | pending | 320,108 | 2.28 | 13.52 | 12,896,494 | 2,116,761 | 607 | 33 |
18 | BancWest Corp. Honolulu | USDB Bancorp Stockton, Calif. | 27-Apr | pending | 245,000 | 2.58 | 19.52 | 38,352,215 | 1,166,767 | 384 | 19 |
19 | Bank of Montreal Toronto | New Lenox Holding Co.Ill. | Feb. 4 | pending | 228,500 | 2.97 | 13.69 | 31,129,301 | 997,659 | 233 | 7 |
20 | First National Bankshares of Florida Inc. Naples | Southern Community Bancorp Orlando | 22-Mar | pending | 226,000 | 2.96 | 32.79 | 3,751,164 | 899,249 | 194 | 16 |
21 | Omega Financial Corp. State College, Pa. | Sun Bancorp Inc. Lewisburg, Pa. | 20-Apr | pending | 181,989 | 2.03 | 30.32 | 1,140,166 | 1,027,836 | 301 | 25 |
22 | FBOP Corp. Oak Park, Ill. | California Savings Bank San Francisco | 8-Mar | pending | 170,000 | 1.71 | 48.01 | 11,491,675 | 784,095 | 196 | 19 |
23 | South Financial Group Inc. Greenville, S.C. | Florida Banks Inc. Jacksonville | 17-Mar | pending | 163,450 | 3.02 | 40.01 | 10,719,401 | 944,461 | 243 | 15 |
24 | South Financial Group Inc. Greenville, S.C. | CNB Florida Bancshares Inc. Jacksonville | Jan. 21 | pending | 159,889 | 2.67 | 22.91 | 10,719,401 | 819,935 | 265 | 16 |
25 | Castle Creek Capital LLC Rancho Santa Fe, Calif. | Centennial Bank Holdings Inc. Eaton, Colo. | 4-Mar | pending | 155,000 | 2.63 | 22.45 | NA | 708,148 | 179 | 12 |
26 | SouthTrust Corp. Birmingham, Ala. | FloridaFirst Bancorp Inc. Lakeland | Feb. 5 | pending | 154,242 | 1.41 | 25.19 | 51,924,888 | 821,190 | 238 | 19 |
27 | Provident Bancorp Inc. Montebello, N.Y. | Warwick Community Bancorp Inc. N.Y. | 16-Mar | pending | 153,403 | 1.99 | 22.71 | 1,305,958 | 759,996 | 144 | 11 |
28 | MB Financial Inc. Chicago | First SecurityFed Financial Inc. Chicago | Jan. 12 | pending | 149,913 | 1.66 | 17.34 | 4,355,093 | 494,411 | 95 | 5 |
29 | TierOne Corp. Lincoln, Neb. | United Nebraska Financial Co. Grand Island | 31-Mar | pending | 97,300 | 1.88 | 16.99 | 2,207,868 | 554,926 | 211 | 17 |
30 | Sun Bancorp Inc. Vineland, N.J. | Community Bancorp of New Jersey Freehold | Feb. 17 | pending | 83,608 | 3.16 | 31.5 | 2,599,487 | 427,825 | 104 | 9 |
31 | Community Bank System Inc. DeWitt, N.Y. | First Heritage Bank Wilkes Barre, Pa. | Jan. 6 | pending | 73,870 | 2.04 | 19.41 | 3,855,397 | 272,429 | 51 | 3 |
32 | Whitney Holding Corp. New Orleans | Madison BancShares Inc. Palm Harbor, Fla. | 19-Mar | pending | 65,839 | 3.66 | 28.19 | 7,754,982 | 204,909 | 65 | 6 |
33 | WesBanco Inc. Wheeling, W.Va. | Western Ohio Financial Corp. Springfield | 1-Apr | pending | 65,737 | 1.42 | 25.23 | 3,445,006 | 399,540 | 93 | 8 |
34 | Peoples Holding Co. Tupelo, Miss. | Renasant Bancshares Inc. Germantown, Tenn. | Feb. 17 | pending | 56,700 | 2.98 | 39.09 | 1,415,214 | 226,222 | 51 | 3 |
35 | First Community Corp. Lexington, S.C. | DutchFork Bancshares Inc. Newberry, S.C. | 13-Apr | pending | 50,884 | 1.49 | 13.64 | 215,029 | 225,585 | 39 | 3 |
36 | Texas United Bancshares Inc. La Grange | GNB Bancshares Inc. Gainesville, Tex. | 29-Apr | pending | 44,726 | 2.38 | 44.82 | 637,684 | 229,310 | 109 | 7 |
37 | Independent Bank Corp. Ionia, Mich. | Midwest Guaranty Bancorp Troy, Mich. | Feb. 5 | pending | 43,000 | 2.27 | 18.21 | 2,358,557 | 235,211 | 73 | 6 |
38 | First Busey Corp. Urbana, Ill. | First Capital Bankshares Inc. Peoria, Ill. | Jan. 6 | pending | 41,390 | 2.72 | 25.35 | 1,522,084 | 218,195 | 51 | 5 |
39 | Prosperity Bancshares Inc. Houston | Liberty Bancshares Inc. Austin | 26-Apr | pending | 40,985 | 2.53 | 19.82 | 2,398,683 | 193,210 | 49 | 6 |
40 | Leesport Financial Corp. Wyomissing, Pa. | Madison Bancshares Group Ltd. Blue Bell, Pa. | 16-Apr | pending | 40,500 | 2.51 | 21.14 | 622,252 | 208,844 | 117 | 10 |
41 | Lincoln Bancorp Plainfield, Ind. | First Shares Bancorp Inc. Greenwood, Ind. | 11-Mar | pending | 37,700 | 2.69 | 32.22 | 591,685 | 175,788 | 92 | 8 |
42 | Independent Bank Corp. Rockland, Mass. | Falmouth Bancorp Inc. Mass. | Jan. 9 | pending | 36,864 | 1.92 | NA | 2,436,755 | 158,109 | 39 | 4 |
43 | First Citizens Banc Corp. Sandusky, Ohio | FNB Financial Corp. Shelby, Ohio | 4-Mar | pending | 35,464 | 1.37 | NA | 636,423 | 214,841 | 78 | 8 |
44 | Heartland Financial USA Inc. Dubuque, Iowa | Rocky Mountain Bancorp. Billings, Mont. | Feb. 9 | pending | 34,500 | 1.67 | 18.6 | 2,018,366 | 369,617 | 136 | 8 |
45 | Cascade Financial Corp. Everett, Wash. | Issaquah Bancshares Inc. Wash. | Feb. 11 | pending | 34,422 | 3.34 | 20.43 | 885,220 | 127,607 | 31 | 2 |
46 | Carver Bancorp Inc. New York | Independence Federal Savings Bank Washington | 15-Mar | pending | 32,603 | 1.49 | NA | 529,571 | 217,492 | 65 | 5 |
47 | Alabama National BanCorp. Birmingham | Coquina Bank Ormond Beach, Fla. | 31-Mar | pending | 30,563 | 2.56 | 21.11 | 3,820,112 | 100,352 | 25 | 2 |
48 | Rock Bancshares Inc. Camden, Ark. | HCB Bancshares Inc. Camden, Ark. | Jan. 14 | pending | 28,332 | 0.97 | 55.36 | NA | 232,458 | 73 | 4 |
49 | Capital City Bank Group Inc. Tallahassee, Fla. | Quincy State Bank Fla. | Jan. 8 | 19-Mar | 28,100 | 2.44 | 10.17 | 1,846,502 | 127,168 | 33 | 2 |
50 | Northbrook Investments LLC Ill. | North Bancshares Inc. Chicago | 24-Mar | pending | 26,407 | 1.93 | 70.38 | NA | 133,746 | 33 | 2 |
51 | Metropolitan Bank Group Inc. Chicago | Citizens Bank Illinois Berwyn, Ill. | 2-Apr | pending | 26,250 | 1.92 | 34.09 | 1,751,305 | 187,822 | 29 | 3 |
52 | Investor group Ill. | Strategic Capital Bancorp Inc. Champaign, Ill. | Jan. 3 | pending | 24,921 | 1.59 | NA | NA | 187,272 | 27 | 1 |
53 | United Community Banks Inc. Blairsville, Ga. | Fairbanco Holding Co. Fairburn, Ga. | 16-Mar | pending | 23,632 | 1.65 | 15.39 | 4,068,834 | 191,660 | 45 | 4 |
54 | North Valley Bancorp Redding, Calif. | Yolo Community Bank Woodland, Calif. | 26-Apr | pending | 23,408 | 2.53 | 18.85 | 677,693 | 101,601 | 35 | 3 |
55 | Central Bancompany Inc. Jefferson City, Mo. | Community Bancs of Oklahoma Inc. Tulsa | Feb. 12 | pending | 22,075 | 3.19 | 13.02 | 6,218,935 | 144,997 | 48 | 3 |
56 | FSB Bancshares Inc. Henderson, Tenn. | American City Bancorp Tullahoma, Tenn. | 8-Mar | pending | 22,020 | 2.38 | 14.59 | 133,551 | 125,830 | 44 | 3 |
57 | Citizens Bank of Frostproof Frostproof, Fla. | American Banking Corp. Lake Wales, Fla. | Jan. 12 | pending | 21,920 | 2.07 | 40.05 | 113,163 | 125,216 | 59 | 6 |
58 | Capitol Bancorp Ltd. Lansing, Mich. | AEA Bancshares Inc. Seattle | Jan. 14 | pending | 20,000 | 1.43 | 21.91 | 2,737,062 | 147,696 | 26 | 1 |
59 | Harrodsburg First Financial Bancorp Inc. Ky. | Independence Bancorp New Albany, Ind. | Jan. 22 | pending | 17,136 | 2.45 | 21.89 | 173,845 | 108,479 | 51 | 4 |
60 | Crosstown Holding Co. Blaine, Minn. | State Bank of Loretto Minn. | 15-Mar | pending | 17,000 | 1.85 | 6.55 | 204,787 | 113,371 | 17 | 1 |
61 | Farmers Capital Bank Corp. Frankfort, Ky. | Citizens Bank Georgetown, Ky. | Feb. 13 | pending | 14,500 | 1.87 | NA | 1,318,565 | 79,163 | 47 | 5 |
62 | Summit Bancshares Inc. Fort Worth | ANB Financial Corp. Arlington, Tex. | Feb. 5 | pending | 13,779 | 2.65 | 30.22 | 795,478 | 90,074 | 45 | 4 |
63 | First Financial Bankshares Inc. Abilene, Tex. | Liberty National Bank Granbury, Tex. | 4-Mar | pending | 12,763 | 2.17 | 14.88 | 2,092,571 | 60,282 | 18 | 1 |
64 | Central Banking Services Inc. St. Cloud, Minn. | St. Joseph Bancshares Inc. Minn. | Jan. 7 | pending | 12,500 | 2.18 | 8.97 | NA | 61,763 | 17 | 1 |
65 | HGroup Acquisition Co. Dallas | Heritage Bancshares Inc. Terrell, Tex. | Jan. 14 | pending | 12,423 | 1.57 | NA | NA | 51,596 | 26 | 1 |
66 | Fairfield County Bank Corp. Norwalk, Conn. | Bank of Westport Conn. | Feb. 10 | pending | 11,187 | 1.7 | NA | 365,038 | 71,856 | 21 | 3 |
67 | Camco Financial Corp. Cambridge, Ohio | London Financial Corp. Ohio | 26-Mar | pending | 10,090 | 1.81 | 20.6 | 1,039,151 | 56,453 | 15 | 1 |
68 | Teche Holding Co. Franklin, La. | St. Landry Financial Corp. Opelousas, La. | 4-Mar | pending | 10,061 | 1.19 | 49.65 | 565,755 | 69,521 | 22 | 2 |
69 | Independent Bank Corp. Ionia, Mich. | North Bancorp Inc. Gaylord, Mich. | 5-Mar | pending | 8,526 | 2.14 | NA | 2,358,557 | 172,588 | 68 | 3 |
70 | Vision Bancshares Inc. Gulf Shores, Ala. | BankTrust of Florida Wewahitchka | Feb. 27 | pending | 7,500 | 1.26 | 23.36 | 206,634 | 43,668 | 20 | 3 |
71 | GB+T Bancshares Inc. Gainesville, Ga. | Lumpkin County Bank Dahlonega, Ga. | Feb. 11 | pending | 5,346 | 1.17 | NA | 944,278 | 70,888 | 22 | 2 |
72 | Larch Bancorp. Inc. Larchwood, Iowa | Ellsworth Bancshares Inc. Minn. | Feb. 17 | pending | 4,332 | 1.21 | 51.57 | 91,420 | 33,174 | 6 | 1 |
73 | Pine River Bank Corp. Bayfield, Colo. | First National Bank of Lake City Colo. | Jan. 14 | 4-Mar | 2,600 | 1 | 18.31 | 87,942 | 31,764 | 15 | 2 |
74 | Investor group Holland, Tex. | First National Bank of Holland Tex. | Feb. 22 | pending | 2,500 | 2.65 | 35.71 | NA | 8,850 | 7 | 1 |
75 | First Holding Co. Cavalier, N.D. | Argyle Financial Services Minn. | Feb. 14 | pending | 2,083 | 1.55 | 28.93 | 80,704 | 17,413 | 7 | 1 |
76 | MFB Corp. Mishawaka, Ind. | Sobieski Bank South Bend, Ind. | 26-Apr | pending | 1,027 | NA | NA | 429,559 | 110,452 | 31 | 4 |
77 | Center Financial Corp. Los Angeles | Liberty Bank of New York | Feb. 20 | pending | NA | NA | NA | 1,027,366 | 73,504 | 29 | 2 |
78 | Pinnacle Bancorp Inc. Central City, Neb. | Financial Services of the Rockies Inc. Colorado Springs | 29-Apr | pending | NA | NA | NA | 3,372,997 | 79,560 | 30 | 4 |
79 | EuroBancshares Inc. Hato Rey, Puerto Rico | Bank and Trust of Puerto Rico Hato Rey | Feb. 25 | pending | NA | NA | NA | 1,319,541 | 576,236 | 146 | 6 |
80 | Galva Investment Inc. Ill. | Whaples and Farmers State Bank Neponset, Ill. | 1-Apr | pending | NA | NA | NA | 46,492 | 10,298 | 3 | 1 |
81 | American State Bancshares Inc. Great Bend, Kan. | First United Holding Co. St. John, Kan. | 22-Mar | pending | NA | NA | NA | 105,897 | 50,177 | 17 | 1 |
82 | Haines Financial Corp. Woodward, Okla. | First National Bank of Medford Okla. | 31-Mar | pending | NA | NA | NA | NA | 26,455 | 10 | 1 |
83 | NI Bancshares Corp. Sycamore, Ill. | LNB National Bank Leland, Ill. | 23-Apr | pending | NA | NA | NA | 401,566 | 80,861 | 24 | 3 |
84 | State National Bancshares Lubbock, Tex. | Mercantile Bank Texas Fort Worth | 26-Apr | pending | NA | NA | NA | 1,126,840 | 200,030 | 72 | 4 |
85 | Fidelity Financial Corp. Wichita | Bridgeview Bank Oklahoma City | Jan. 14 | Jan. 14 | NA | NA | NA | 1,355,897 | 35,284 | 14 | 1 |
86 | First Banks Inc. St. Louis | Continental Mortgage Corp. Aurora, Ill. | 12-Apr | pending | NA | NA | NA | 7,106,940 | 158,554 | 43 | 2 |
87 | Happy Bancshares Inc. Canyon, Tex. | Sun Banc Corp. Sunray, Tex. | Jan. 2 | pending | NA | NA | NA | 171,478 | 122,608 | 46 | 3 |
88 | Sunflower Banks Inc. Salina, Kan. | Citizens Financial Corp. Liberal, Kan. | 27-Apr | pending | NA | NA | NA | 985,161 | 61,766 | 26 | 1 |
89 | National Bankshares Inc. Blacksburg, Va. | Community National Bank Pulaski, Va. | Feb. 3 | pending | NA | NA | NA | 708,560 | 67,780 | 25 | 2 |
*Merger of equals. Note: Subsequent to April 30, Royal Bank of Scotland Group PLC announced it will buy Charter One Financial Inc. for $10.5 billion (May 4); SunTrust Banks Inc. said it will acquire National Commerce Financial Corp. for $7 billion (May 9).
Source: Highline Banking Data Services (877-299-9424), formerly Sheshunoff Information Services
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