Bank and Thrift Merger Deals
August 25, 2015, 9:00 a.m. EDT 1 Min Read
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Bank and Thrift Merger Deals
Bank and Thrift Merger Deals2015 to date through June 30. Dollars in millions | ||||
|---|---|---|---|---|
| Buyer | Target | Date of announcement | Deal value | Price to tangible book (%) |
| Chemical Financial Corp. Mich. | Lake Michigan Financial Corp. | Jan. 6 | $188.1 | 220.75% |
| First Merchants Corp. Ind. | C Financial Corp. Ohio | Jan. 6 | 14.5 | 186.92 |
| McGregor Bancshares Inc. Texas | Oglesby State Bank Texas | Jan. 7 | NA | NA |
| Guaranty Bancshares Inc. Texas | DCB Financial Corp. Texas | Jan. 8 | NA | NA |
| Private investor P. Byron DeFoor Tenn. | AB&T Financial Corp. N.C. | Jan. 13 | NA | NA |
| Plaza Bank Calif. | Manhattan Bancorp Calif. | Jan. 14 | 52.3 | NA |
| Private Investor Thomas Lee Loonan Minn. | Easton Bancshares Inc. Minn. | Jan. 15 | NA | NA |
| First Sound Bank Wash. | Eastside Commercial Bank Wash. | Jan. 16 | 0.1 | 28.76 |
| Washington Savings Bank Ill. | First Federal MHC Ill. | Jan. 16 | NA | NA |
| Merchants & Farmers Bancshares Inc. La. | Vernon Bancshares Inc. La. | Jan. 19 | NA | NA |
| Cathay General Bancorp Calif. | Asia Bancshares Inc. N.Y. | Jan. 21 | 126.0 | 167.37 |
| Kentucky Bancshares Inc. | Madison Financial Corp. Ky. | Jan. 21 | 7.2 | 105.46 |
| Royal Bank of Canada | City National Corp. Calif. | Jan. 22 | 5,332.5 | 262.13 |
| Live Oak Bancshares Inc. N.C. | Independence Holding Corp. Tenn. | Jan. 24 | 8.4 | NA |
| First Commercial Bancshares Inc. Miss. | DeSoto County Bank Miss. | Jan. 26 | 10.8 | 112.37 |
| Farmers National Banc Corp. Ohio | National Bancshares Corp. Ohio | Jan. 27 | 70.6 | 142.82 |
| United Community Banks Inc. Ga. | MoneyTree Corp. Tenn. | Jan. 27 | 53.0 | 136.62 |
| Ameris Bancorp Ga. | Merchants & Southern Banks of Florida Inc. | Jan. 29 | 50.0 | 140.73 |
| National Bank Holdings Corp. Colo. | Pine River Bank Corp. Colo. | Jan. 30 | 14.0 | 100.54 |
| Community & Southern Holdings Inc. Ga. | Community Business Bank Ga. | Jan. 30 | 27.4 | 140.85 |
| Premier Bancshares Inc. Neb. | Farmers Bancshares Inc. Neb. | Feb. 3 | NA | NA |
| Auburn State Bank Neb. | Carson National Bank of Auburn Neb. | Feb. 4 | NA | NA |
| Sunshine Bancorp Inc. Fla. | Community Southern Holdings Inc. Fla. | Feb. 5 | 30.8 | 128.56 |
| Mechanics Savings Bank Maine | Biddeford Savings Bank Maine | Feb. 5 | NA | NA |
| American Bancor Ltd. N.D. | United Community Bank of North Dakota | Feb. 9 | NA | NA |
| Hill Road Financial Holdings LLC | Citizens First State Bank of Walnut Ill. | Feb. 10 | 1.3 | 39.27 |
| Dolores State Bank Colo. | Mancos Valley Bank Colo. | Feb. 11 | NA | NA |
| Marion County Savings Bank Ill. | Pekin National Bank Ill. | Feb. 13 | NA | NA |
| Ida Grove Bancshares Inc. Iowa | Monona Bancorp. Iowa | Feb. 13 | NA | NA |
| Finlayson Bancshares Inc. Minn. | State Bank of Park Rapids Minn. | Feb. 15 | NA | NA |
| Landmark Investor Group Inc. Minn. | Landmark Community Bank Minn. | Feb. 17 | NA | NA |
| SunPac LLC Calif. | Security First Bank Calif. | Feb. 18 | 18.7 | 130.27 |
| Five Star Credit Union Ala. | Farmers State Bank Ga. | Feb. 18 | NA | NA |
| Horizon Bancorp Ind. | Peoples Bancorp Inc. Ind. | Feb. 19 | 73.3 | 124.27 |
| Community Bank System Inc. N.Y. | Oneida Financial Corp. N.Y. | Feb. 24 | 142.1 | 202.08 |
| Docking Bancshares Inc. Kan. | Relianz Bancshares Inc. Kan. | Feb. 24 | 6.0 | 112.07 |
| Inter-Mountain Bancorp. Inc. Mont. | Teton Bancshares Inc. Mont. | Feb. 24 | NA | NA |
| First Bank Lubbock Bancshares Inc. Texas | First National Bank of Colorado City Texas | Feb. 24 | NA | NA |
| OceanFirst Financial Corp. N.J. | Colonial American Bank N.J. | Feb. 25 | 11.5 | 114.94 |
| American Commerce Bancshares Inc. Ga. | ProBank Fla. | Feb. 25 | NA | NA |
| F&T Financial Services Inc. Calif. | Pan American Bank Calif. | Feb. 26 | 4.0 | 71.45 |
| Edgar County Banc Shares Inc. Ill. | Sidell Bancorp Inc. Ill. | Feb. 26 | NA | NA |
| Valley Holding Co. Mont. | Lake County Bank Mont. | Feb. 26 | NA | NA |
| PacWest Bancorp Calif. | Square 1 Financial Inc. N.C. | March 2 | 847.4 | 262.53 |
| Wintrust Financial Corp. Ill. | Community Financial Shares Inc. Ill. | March 2 | 42.4 | 148.29 |
| Southeast Bancshares Inc. Kan. | First National Bank of Howard Kan. | March 2 | 2.0 | 118.09 |
| WSFS Financial Corp. Del. | Alliance Bancorp Inc. of Pennsylvania | March 3 | 93.4 | 135.51 |
| Howard Bancorp Inc. Md. | Patapsco Bancorp Inc. Md. | March 3 | 10.1 | 101.19 |
| Veritex Holdings Inc. Texas | IBT Bancorp Inc. Texas | March 9 | 20.5 | 172.76 |
| Western Alliance Bancorp. Ariz. | Bridge Capital Holdings Calif. | March 9 | 423.9 | 222.07 |
| Foresight Financial Group Inc. Ill. | State Bank of Herscher Ill. | March 11 | NA | NA |
| Glen Rock Savings Bank N.J. | Llewellyn-Edison Savings Bank FSB N.J. | March 12 | NA | NA |
| Progressive Financial Services Inc. Tenn. | Farmers Bank Woodland Mills, Tenn. Tenn. | March 12 | NA | NA |
| LINCO Bancshares Inc. Mo. | Community First Bank Ill. | March 19 | 44.0 | 147.70 |
| T&C Bancorp Inc. Ill. | State Bank of Lima Ill. | March 23 | NA | NA |
| Carolina Alliance Bank S.C. | PBSC Financial Corp. S.C. | March 24 | 23.8 | 117.96 |
| Overton Financial Corp. Texas | Vision Bank Texas | March 24 | 33.0 | 179.67 |
| Seacoast Banking Corp. of Florida | Grand Bankshares Inc. Fla. | March 25 | 15.2 | 110.65 |
| Atlantic Capital Bancshares Inc. Ga. | First Security Group Inc. Tenn. | March 25 | 159.0 | 175.42 |
| First Interstate BancSystem Inc. Mont. | Absarokee Bancorp. Inc. Mont. | March 26 | 7.2 | 111.50 |
| Jones National Corp. Neb. | Valparaiso Enterprises Inc. Neb. | March 27 | 16.2 | 180.74 |
| Camden National Corp. Maine | SBM Financial Inc. Maine | March 30 | 137.6 | 160.39 |
| Wintrust Financial Corp. Ill. | North Bank Ill. | March 30 | 17.0 | 152.34 |
| First Savings Bank of Hegewisch Ill. | South End Savings Ill. | March 30 | NA | NA |
| Delmarva Bancshares Inc. Md. | Easton Bancorp Inc. Md. | March 31 | 8.0 | NA |
| Commerce Bancorp Inc. Okla. | Anadarko Bank and Trust Co. Okla. | March 31 | NA | NA |
| AmeriBancShares Inc. Texas | Northern Bancshares Inc. Texas | March 31 | 5.9 | 75.66 |
| First Financial Bankshares Inc. Texas | FBC Bancshares Inc. Texas | April 1 | 59.3 | 389.15 |
| Wintrust Financial Corp. Ill. | Suburban Illinois Bancorp Inc. | April 2 | 12.5 | NM |
| HMN Financial Inc. Minn. | Certain assets and liabilities of Kasson State Bank Minn. | April 2 | NA | NA |
| Galva Investment Inc. Ill. | Franklin Bancshares Inc. Ill. | April 2 | NA | NA |
| Everest Bancshares Inc. Kan. | State Bank of Oskaloosa Kan. | April 2 | NA | NA |
| Pinnacle Financial Partners Inc. Tenn. | CapitalMark Bank & Trust Tenn. | April 7 | 187.2 | 242.99 |
| Adams Community Bank Mass. | Lenox National Bank Mass. | April 8 | 14.3 | 170.69 |
| Systematic Savings Bank Mo. | Home Savings Bank Mo. | April 8 | NA | NA |
| Andover Bancorp Inc. Ohio | Community National Bank of Northwestern Pennsylvania | April 9 | 19.0 | 124.45 |
| All America Bank Okla. | Bank of the Wichitas Okla. | April 15 | NA | NA |
| All America Bank Okla. | Southwest State Bank Okla. | April 15 | NA | NA |
| Heartland Financial USA Inc. Iowa | Community Bancorp. of New Mexico Inc. | April 16 | 11.3 | 151.84 |
| Hamilton Bancorp Inc. Md. | Fairmount Bancorp Inc. Md. | April 16 | 15.4 | NA |
| First National Bank at Darlington Wis. | Gratiot State Bank Wis. | April 16 | NA | NA |
| Parkston Investment Co. S.D. | Fulton State Bank S.D. | April 16 | NA | NA |
| Coastal Financial Corp. Wash. | Prime Pacific Financial Services Wash. | April 17 | NA | NA |
| Nacogdoches Commercial Bancshares Inc. Texas | Assets and liabilities of Elkhart State Bank Texas | April 21 | NA | NA |
| United Community Banks Inc. Ga. | Palmetto Bancshares Inc. S.C. | April 22 | 237.6 | 176.42 |
| Heritage Commerce Corp Calif. | Focus Business Bank Calif. | April 23 | 54.8 | 172.93 |
| Merchants Bancshares Inc. Vt. | NUVO Bank & Trust Co. Mass. | April 27 | 21.7 | 133.00 |
| Connections Bancshares Inc. Mo. | Calvert Financial Corp. Mo. | April 28 | 3.4 | 126.44 |
| Pinnacle Financial Partners Inc. Tenn. | Magna Bank Tenn. | April 28 | 82.5 | 163.47 |
| UniBanc Corp. Neb. | Bank of Stapleton Neb. | April 29 | NA | NA |
| First Federal Bank FSB Mo. | Inter-State Federal Savings and Loan Association of Kansas City Kan. | April 29 | NA | NA |
| Wells Bancshares Inc. Mo. | Bedison Bancshares Inc. Mo. | April 30 | 5.0 | 108.68 |
| First South Bancorp Inc. Tenn. | Northwest Georgia Bank | May 1 | NA | NA |
| Investor group | Espirito Santo Bank Fla. | May 1 | 10.0 | 22.23 |
| Ambank Co. Inc. Iowa | Alton Bancorp. Iowa | May 1 | NA | NA |
| Achieva Credit Union Fla. | Calusa Financial Corp. Inc. Fla. | May 5 | 23.2 | 136.07 |
| Bank of the Ozarks Inc. Ark. | Bank of the Carolinas Corp. N.C. | May 6 | 64.7 | 140.00 |
| Parkway Bancorp Inc. Ill. | Park Bancorp Inc. Ill. | May 7 | NA | NA |
| Baylake Corp. Wis. | New Bancshares Inc. Wis. | May 8 | 9.7 | 103.10 |
| First Commonwealth Financial Corp. Pa. | First Community Bank Ohio | May 11 | 14.8 | 119.84 |
| River Financial Corp. Ala. | Keystone Bancshares Inc. Ala. | May 13 | 36.7 | 136.15 |
| Madison County Financial Inc. Neb. | Winside Bancshares Inc. Neb. | May 13 | 4.2 | 83.86 |
| Olympic Bancorp Inc. Wash. | Puget Sound Financial Services Inc. Wash. | May 13 | NA | NA |
| FNB Bancorp Calif. | America California Bank | May 14 | 21.5 | 119.54 |
| Management group Ala. | Citizens Southern Bancshares Inc. Ala. | May 14 | 1.3 | 28.84 |
| Heartland Financial USA Inc. Iowa | First Scottsdale Bank Ariz. | May 15 | 17.7 | 105.26 |
| Hamilton State Bancshares Inc. Ga. | Highland Financial Services Inc. Ga. | May 15 | 20.1 | 143.44 |
| Almena State Bank Kan. | Farmers State Bank Kan. | May 18 | NA | NA |
| Wonder Bancorp Inc. Ill. | Assets and liabilities of Harvard Savings Bank Ill. | May 21 | NA | NA |
| Valley National Bancorp N.J. | CNLBancshares Inc. Fla. | May 27 | 205.4 | 167.09 |
| Southwest Bancorp Inc. Okla. | First Commercial Bancshares Inc. Okla. | May 27 | 41.0 | 137.36 |
| Green Bancorp Inc. Texas | Patriot Bancshares Inc. Texas | May 27 | 139.4 | 156.81 |
| Heartland Financial USA Inc. Iowa | Premier Valley Bank Calif. | May 29 | 95.1 | 164.12 |
| Central Federal Savings and Loan Association of Chicago | American Union Savings and Loan Association Ill. | May 29 | NA | NA |
| R Corp Financial Texas | Schwertner State Bank Texas | May 29 | NA | NA |
| BankFirst Capital Corp. Miss. | Newton County Bancorp. Inc. Miss. | June 3 | NA | NA |
| Community Financial Corp. Iowa | Garnavillo Bank Corp. Iowa | June 3 | NA | NA |
| Kopernik Bank Md. | Kosciuszko Federal Savings Bank Md. | June 3 | NA | NA |
| Liberty Bank Conn. | Naugatuck Valley Financial Corp. Conn. | June 4 | 77.8 | 125.86 |
| First Capital Inc. Ind. | Peoples Bancorp Inc. of Bullitt County Ky. | June 4 | 29.8 | 103.44 |
| WestStar Bank Holding Co. Inc. Texas | First National Bank Texas | June 5 | NA | NA |
| Satuit Bancorp Inc. Mass. | S-Bank Mass. | June 5 | NA | NA |
| Choice Financial Holdings Inc. N.D. | Northland Financial N.D. | June 8 | NA | NA |
| North Shore Bancorp Mass. | Merrimac Savings Bank Mass. | June 9 | NA | NA |
| Home BancShares Inc. Ark. | Florida Business BancGroup Inc. | June 17 | 102.3 | 189.81 |
| Private Investor William P. Butler Ky. | American Founders Bank Inc. Ky. | June 17 | NA | NA |
| Home Bancorp Inc. La. | Louisiana Bancorp Inc. | June 18 | 74.6 | 119.58 |
| Investor group | Stonebridge Bank Pa. | June 18 | 0.6 | 6.65 |
| Albany Bancshares Inc. Ill. | First Port Byron Bancorp Inc. Ill. | June 19 | NA | NA |
| Bear State Financial Inc. Ark. | Metropolitan National Bank Mo. | June 22 | 70.0 | 133.20 |
| PBB Bancorp Calif. | First Mountain Bank Calif. | June 22 | 13.4 | 104.01 |
| Northwest Bancorp. Inc. Wash. | Fairfield Financial Holdings Corp. Wash. | June 23 | 20.8 | 138.45 |
| Farmers National Banc Corp. Ohio | Tri-State 1st Banc Inc. Ohio | June 24 | 14.2 | NA |
| Northern Missouri Bancshares Inc. | Flowers National Bank Mo. | June 25 | NA | NA |
| Juniata Valley Financial Corp. Pa. | FNBPA Bancorp Inc. Pa. | June 26 | 13.3 | 129.06 |
| Hometown Bancorp Ltd. Wis. | Farmers Exchange Bank Wis. | June 26 | NA | NA |
| Private investors | Ford County State Bank Kan. | June 26 | 3.7 | 96.75 |
| First Merchants Corp. Ind. | Ameriana Bancorp Ind. | June 29 | 69.1 | 168.83 |
| Red River Financial Services Inc. Minn. | First State Bank of Fertile Minn. | June 29 | NA | NA |
| First National Bankers Bankshares Inc. La. | Independent Bankers' Bank of Florida | June 30 | 1.9 | NM |
| Citizens Financial Services Inc. Pa. | First National Bank of Fredericksburg Pa. | June 30 | 22.9 | 144.34 |
Source: KBW Research, SNL Datasource
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