Bank and Thrift Merger Deals
July 28, 2005, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Merger Deals
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| Published July 28, 2005 | |||||||
| Related Table: Top 10 Deals by Price to Equity and by Price to Net Income | |||||||
| Announced price to: | |||||||
| Buyer | Seller | Date | Sale price | Equity | Net | Seller's assets | |
| 1 | Bank of America Corp. Charlotte | MBNA Corp. Wilmington, Del. | 30-Jun | $35,810,246 | 2.76 | 15.99 | $61,426,108 |
| 2 | Washington Mutual Inc. Seattle | Providian Financial Corp. San Francisco | 6-Jun | 6,622,925 | 1.94 | 13.09 | 13,365,153 |
| 3 | BancWest Corp. Honolulu | Commercial Federal Corp. Omaha | 13-Jun | 1,362,322 | 1.72 | NM | 10,385,273 |
| 4 | Boston Private Financial Holdings Inc. | Gibraltar Financial Corp. Coral Gables, Fla. | 19-Apr | 245,000 | 3.23 | 14.22 | 888,280 |
| 5 | MAF Bancorp Inc. Clarendon Hills, Ill. | EFC Bancorp Inc. Elgin, Ill. | 30-Jun | 178,257 | 1.94 | 26.74 | 1,011,546 |
| 6 | East West Bancorp Inc. San Marino, Calif. | United National Bank San Marino, Calif. | 30-Jun | 164,670 | 2.3 | 16.38 | 970,268 |
| 7 | Flag Financial Corp. La Grange, Ga. | First Capital Bancorp Inc. Norcross, Ga. | 26-May | 135,991 | 2.25 | 39.79 | 658,235 |
| 8 | Cullen/Frost Bankers Inc. San Antonio | Horizon Capital Bank Houston | 20-Apr | 115,129 | 3.15 | 32 | 380,030 |
| 9 | Capital Bank Corp. Raleigh | 1st State Bancorp Inc. Burlington, N.C. | 29-Jun | 114,614 | 1.66 | 29.4 | 372,753 |
| 10 | NBT Bancorp Inc. Norwich, N.Y. | CNB Bancorp Inc. Gloversville, N.Y. | 14-Jun | 89,060 | 2.16 | 19.73 | 419,447 |
| 11 | PrivateBancorp Inc. Chicago | Bloomfield Hills Bancorp Mich. | 14-Apr | 64,000 | 3.39 | 19.48 | 313,523 |
| 12 | First Community Bancorp Rancho Santa Fe, Calif. | First American Bank Rosemead, Calif. | 28-Apr | 62,300 | 2.93 | 26.38 | 224,519 |
| 13 | State National Bancshares Lubbock, Tex. | Heritage Financial Corp. Granbury, Tex. | 18-May | 53,500 | 2.92 | 21.75 | 249,331 |
| 14 | NewAlliance Bancshares Inc. New Haven | Cornerstone Bancorp Inc. Stamford, Conn. | 13-Apr | 48,156 | 1.95 | 18.21 | 211,802 |
| 15 | First Community Bancorp Rancho Santa Fe, Calif. | Pacific Liberty Bank Huntington Beach, Calif. | 9-Jun | 41,806 | 2.29 | 17.33 | 132,631 |
| 16 | UCBH Holdings Inc. San Francisco | Pacifica Bancorp Inc. Bellevue, Wash. | 24-May | 40,300 | 2.29 | 11.9 | 170,076 |
| 17 | Community Bancorp Las Vegas | Bank of Commerce Henderson, Nev. | 19-May | 40,000 | 2.41 | 26.39 | 155,678 |
| 18 | MetroCorp Bancshares Inc. Houston | First United Bank San Diego | 8-Jun | 38,701 | 2.97 | 24.67 | 168,231 |
| 19 | Peoples Community Bancorp Inc. West Chester, Ohio | PFS Bancorp Inc. Aurora, Ind. | 4-May | 34,670 | 1.65 | 37.79 | 129,754 |
| 20 | First Banks Inc. Clayton, Mo. | International Bank of California Los Angeles | 2-May | 33,574 | 1.89 | 41.81 | 174,488 |
| 21 | Citizens South Banking Corp. Gastonia, N.C. | Trinity Bank Monroe, N.C. | 25-May | 33,286 | 2.5 | 17.26 | 150,973 |
| 22 | First Security Group Inc. Chattanooga, Tenn. | Jackson Bank and Trust Gainesboro, Tenn. | 12-May | 33,100 | 1.91 | 18.14 | 170,645 |
| 23 | Western Illinois Bancshares Inc. Ill. | Midwest Bank of Western Illinois Monmouth | 31-May | 30,000 | 1.27 | 20.44 | 274,115 |
| 24 | South Georgia Bank Holding Co. Omega | Community National Bancorp. Ashburn, Ga. | 17-Jun | 29,500 | 1.65 | NM | 139,165 |
| 25 | Community Bancorp Inc. Escondido, Calif. | Rancho Bernardo Community Bank San Diego | 22-Apr | 27,850 | 2.85 | 18.23 | 107,513 |
| 26 | Millennium Bankshares Corp. Reston, Va. | Albemarle First Bank Charlottesville, Va. | 10-Jun | 27,154 | 2.47 | NM | 120,626 |
| 27 | FirstBank Corp. Alma, Mich. | Keystone Financial Corp. Kalamazoo, Mich. | 12-May | 26,572 | 2.24 | 32.55 | 142,383 |
| 28 | Venture Financial Group Inc. Lacey, Wash. | bRedmond, Wash. | 22-Apr | 25,400 | 2.63 | 21.38 | 103,657 |
| 29 | Interchange Financial Services Corp. Saddle Brook, N.J. | Franklin Bank Nutley, N.J. | 24-Jun | 24,800 | 2.33 | 20.58 | 78,906 |
| 30 | Coastal Banking Co. Inc. * Beaufort, S.C. | First Capital Bank Holding Corp. * Fernandina Beach, Fla. | 6-Apr | 24,747 | 1.4 | 21.72 | 141,799 |
| 31 | FNB Corp. Asheboro, N.C. | United Financial Inc. Graham, N.C. | 10-May | 24,350 | 2.2 | NM | 147,055 |
| 32 | LSB Financial Laconia, N.H. | Village Financial Corp. Gilford, N.H. | 6-Apr | 18,300 | 2.1 | 25.17 | 77,460 |
| 33 | F.N.B. Corp. Hermitage, Pa. | North East Bancshares Inc. North East, Pa. | 25-Apr | 15,533 | 2.26 | NM | 68,678 |
| 34 | First National Corp. Wynne, Ark. | Bank of Harrisburg Ark. | 20-Apr | 14,900 | 2.34 | 15.2 | 67,747 |
| 35 | Rurban Financial Corp. Defiance, Ohio | Exchange Bancshares Inc. Luckey, Ohio | 13-Apr | 12,929 | 1.5 | NM | 91,044 |
| 36 | Sky Financial Group Inc. Bowling Green, Ohio | Falls Bank Cuyahoga Falls, Ohio | 21-Jun | 12,800 | 1.62 | 36.96 | 83,629 |
| 37 | Northwest Bancorp Inc. Warren, Pa. | Equinox Financial Corp. Pembroke Pines, Fla. | 26-May | 11,800 | 1.87 | 46.64 | 88,895 |
| 38 | PSB Bancorp Francesville, Ind. | Oxford Bank Corp. Ind. | 15-Jun | 10,900 | 1.42 | 20.76 | 70,854 |
| 39 | Cowlitz Bancorp. Longview, Wash. | AEA Bancshares Inc. Seattle | 4-May | 7,007 | 0.77 | NM | 113,672 |
| 40 | GB Bank Group Inc. Glennville, Ga. | Tippins Bankshares Inc. Claxton, Ga. | 6-May | 6,972 | 1.54 | NM | 50,154 |
| 41 | German American Bancorp Jasper, Ind. | PCB Holding Co. Tell City, Ind. | 24-May | 6,548 | 1.34 | 64.6 | 34,817 |
| 42 | Tombigbee Bancshares Inc. Sweet Water, Ala. | Sweet Water State Bank Ala. | 7-Apr | 6,500 | 1.56 | 10.11 | 52,471 |
| 43 | Farmers and Merchants Bancorp Hannibal, Mo. | MCM Savings Bank Hannibal, Mo. | 26-May | 4,900 | 0.94 | 14.12 | 74,944 |
| 44 | Heritage First Bancshares Inc. Rome, Ga. | Dekalb Bancshares Inc. Crossville, Ala. | 28-Apr | 4,430 | 2 | 21 | 27,523 |
| 45 | First BancTrust Corp. Paris, Ill. | Rantoul First Bank Ill. | 18-Apr | 4,220 | 1.8 | NM | 30,926 |
| 46 | Texas United Bancshares Inc. La Grange | Gateway Holding Co. Inc. Dallas | 2-May | 4,058 | 3.04 | 33.7 | 210,242 |
| 47 | Signature Bancshares Inc. Olathe, Kan. | Citizens Agency Inc. Haddam, Kan. | 7-Apr | 2,500 | 1.38 | 19.84 | 12,132 |
| 48 | Omni Financial Services Inc. Atlanta | Georgia Community Bank Dalton | 16-May | 2,025 | 3.29 | NM | 43,677 |
| 49 | Investor group Ill. | Citizens Central Bancorp Macomb, Ill. | 27-Apr | NA | NA | NA | 217,260 |
| 50 | First Arkansas Bancshares Jacksonville, Ark. | First Team Bank Heber Springs, Ark. | 15-Apr | NA | NA | NA | 206,137 |
| 51 | MOW/RPW II Ltd. Victoria, Tex. | Planters and Merchants Bancshares Hearne, Tex. | 13-Apr | NA | NA | NA | 190,118 |
| 52 | Home Bancshares Inc. Conway, Ark. | Mountain View Bancshares Mountain View, Ark. | 22-Apr | NA | NA | NA | 182,155 |
| 53 | North Shore Bank FSB Brookfield, Wis. | Illinois State Bank Lake In The Hill | 30-Jun | NA | NA | NA | 136,712 |
| 54 | Broadway Bancshares Inc. San Antonio | Balcones Bank San Marcos, Tex. | 10-May | NA | NA | NA | 113,574 |
| 55 | Union Bankshares Inc. Mena, Ark. | First Paris Holding Co. Little Rock | 29-Jun | NA | NA | NA | 102,548 |
| 56 | Newport Federal Savings Bank R.I. | Westerly Savings Bank R.I. | 9-Apr | NA | NA | NA | 77,264 |
| 57 | Investor group Kansas City, Mo. | Garden City Bancshares Inc. Mo. | 20-May | NA | NA | NA | 72,098 |
| 58 | St. Joseph Bancshares Acquisitions Inc. Minn. | St. Joseph Bancshares Inc. Minn. | 25-May | NA | NA | NA | 61,695 |
| 59 | GBC Holdings Inc. Los Angeles | Sincere Federal Savings Bank San Francisco | 1-Apr | NA | NA | NA | 53,948 |
| 60 | First Banks Inc. Clayton, Mo. | Northway State Bank Grayslake, Ill. | 27-Apr | NA | NA | NA | 50,852 |
| 61 | Albany Bancshares Inc. Ill. | Hillsdale Development Corp. Ill. | 12-Apr | NA | NA | NA | 46,314 |
| 62 | Landmark National Bank Solana Beach, Calif. | Legacy Bank La Jolla, Calif. | 5-Apr | NA | NA | NA | 35,472 |
| 63 | Beneficial Mutual Bancorp Philadelphia | Northwood Savings Bank Philadelphia | 9-Jun | NA | NA | NA | 9,251 |
| 64 | Sixth Bancshares Salina, Kan. | Geneseo Bancshares Inc. Kan. | 1-Jun | NA | NA | NA | 5,042 |
*Merger of equals
Source: Highline Banking Data Services (877-305-6657)
© 2005 American Banker