Bank and Thrift Merger Deals
January 18, 2006, 10:08 a.m. EST 1 Min Read
View Table
Printer Friendly Version
Bank and Thrift Merger Deals
| | |||||||
| Published January 18, 2006 | |||||||
| Related Table: Deals with Highest Announced Price to Equity/Price to Net Income | |||||||
| Rank | Buyer | Seller | Announced | Price (millions) | Announced price to: | Seller's assets (thousands) | |
| Equity | Net | ||||||
| 1 | Sovereign Bancorp Inc. Philadelphia | Independence Community Bank Corp. Brooklyn, N.Y. | Oct. 24 | $3,591.20 | 1.59 | 16.28 | $18,500,360 |
| 2 | Marshall & Ilsley Corp. Milwaukee | Gold Banc Corp. Inc. Leawood, Kan. | Nov. 9 | 714.7 | 2.63 | 15.64 | 4,076,770 |
| 3 | BB&T Corp. Winston-Salem, N.C. | Main Street Banks Inc. Atlanta | Dec. 14 | 621.4 | 2.13 | 20.56 | 2,473,567 |
| 4 | New York Community Bancorp Westbury | Atlantic Bank of New York | Oct. 10 | 400 | 1.48 | 10.59 | 2,999,920 |
| 5 | Rabobank Nederland Utrecht | Central Coast Bancorp Salinas, Calif. | Oct. 12 | 371.4 | 3.40 | 25.70 | 1,248,599 |
| 6 | First Midwest Bancorp Inc. Itasca, Ill. | Bank Calumet Inc. Hammond, Ind. | Dec. 12 | 307 | 2.35 | 20.12 | 1,138,766 |
| 7 | Prosperity Bancshares Inc. Houston | SNB Bancshares Inc. Sugar Land, Tex. | Nov. 16 | 242.7 | 2.75 | 63.94 | 1,120,747 |
| 8 | First Community Bancorp Rancho Santa Fe, Calif. | Foothill Independent Bancorp Glendora, Calif. | Dec. 14 | 238 | 3.48 | 22.16 | 794,070 |
| 9 | East West Bancorp Inc. San Marino, Calif. | Standard Bank FSB Monterey Park, Calif. | Dec. 23 | 204 | 2.00 | 20.26 | 914,040 |
| 10 | Marshall & Ilsley Corp. Milwaukee | Trustcorp Financial Inc. St. Louis | Dec. 21 | 180.1 | 3.56 | 21.74 | 705,359 |
| 11 | Susquehanna Bancshares Inc. Lititz, Pa. | Minotola National Bank Vineland, N.J. | Nov. 14 | 166.1 | 2.06 | 25.48 | 623,434 |
| 12 | Cascade Bancorp Bend, Ore. | F and M Holding Co. Boise, Idaho | Dec. 27 | 147.1 | 3.90 | 26.27 | 563,422 |
| 13 | Wintrust Financial Corp. Lake Forest, Ill. | Hinsbrook Bancshares Inc. Willowbrook, Ill. | Dec. 5 | 114.8 | 3.01 | 19.08 | 506,212 |
| 14 | Alabama National BanCorp. Birmingham | Florida Choice Bankshares Inc. Mount Dora | Oct. 27 | 108.9 | 2.86 | 53.97 | 293,884 |
| 15 | Western Alliance Bancorp Las Vegas | Intermountain First Bancorp Las Vegas | Dec. 29 | 104.4 | 3.68 | 22.85 | 413,169 |
| 16 | UCBH Holdings Inc. San Francisco | Great Eastern Bank New York | Oct. 13 | 103.6 | 3.37 | 44.16 | 309,912 |
| 17 | Cullen/Frost Bankers Inc. San Antonio | Alamo Corp. of Texas | Nov. 10 | 87 | 3.40 | 23.38 | 309,085 |
| 18 | Synovus Financial Corp. Columbus, Ga. | Banking Corp. of Florida Naples | Oct. 24 | 82.6 | 3.24 | 19.68 | 322,398 |
| 19 | F.N.B. Corp. Hermitage, Pa. | Legacy Bank Harrisburg, Pa. | Dec. 21 | 73 | 1.78 | 35.53 | 382,139 |
| 20 | Bay View Capital Corp. San Mateo, Calif. | Great Lakes Bancorp Inc. Buffalo | Oct. 26 | 67.7 | 1.78 | 21.57 | 745,003 |
| 21 | Marquette National Corp. Chicago | Hemlock Federal Financial Corp. Oak Forest, Ill. | Dec. 29 | 49.3 | 2.88 | 24.06 | 292,330 |
| 22 | Seacoast Banking Corp. of Florida Stuart | Big Lake Financial Corp. Okeechobee, Fla. | Nov. 22 | 43 | 2.07 | 18.63 | 311,530 |
| 23 | GBank and Trust Bancshares Inc. Gainesville, Ga. | Mountain Bancshares Inc. Dawsonville, Ga. | Dec. 19 | 41.8 | 3.49 | 37.84 | 124,346 |
| 24 | Flushing Financial Corp. Lake Success, N.Y. | Atlantic Liberty Financial Corp. Brooklyn, N.Y. | Dec. 20 | 40.8 | 1.42 | 23.90 | 177,111 |
| 25 | Commercial Capital Bancorp Irvine, Calif. | CalNet Business Bank Sacramento Calif. | Oct. 20 | 40.2 | 1.87 | 23.17 | 147,492 |
| 26 | American Founders Bank Inc. Frankfort, Ky. | First Security Bancorp Inc. Lexington, Ky. | Dec. 12 | 38.3 | 1.78 | 25.71 | 203,515 |
| 27 | IBT Bancorp Inc. Mount Pleasant, Mich. | Farwell State Savings Bank Mich. | Dec. 22 | 38.1 | 2.79 | 24.76 | 90,932 |
| 28 | AmericanWest Bancorp. Spokane | Columbia Trust Bancorp Pasco, Wash. | Nov. 29 | 37.7 | 2.58 | 30.30 | 194,833 |
| 29 | MainSource Financial Group Greensburg, Ind. | HFS Bank FSB Hobart, Ind. | Oct. 26 | 36.1 | 1.75 | 23.19 | 237,979 |
| 30 | Union Bankshares Corp. Bowling Green, Va. | Prosperity Bank and Trust Co. Springfield, Va. | Oct. 31 | 36 | 3.36 | 24.48 | 127,865 |
| 31 | Alpine Banks of Colorado Glenwood Springs | First Colorado Bankshares Inc. Telluride | Oct. 19 | 35.6 | 3.54 | 17.15 | 143,736 |
| 32 | Orrstown Financial Services Shippensburg, Pa. | First National Bank of Newport Pa. | Nov. 21 | 33.6 | 2.47 | 20.83 | 123,155 |
| 33 | Liberty Shares Inc. Hinesville, Ga. | Peoples Banking Corp. Blackshear, Ga. | Oct. 4 | 33.4 | 1.62 | 14.56 | 171,271 |
| 34 | American National Bankshares Danville, Va. | Community First Financial Corp. Lynchburg, Va. | Oct. 18 | 33.1 | 2.42 | 31.35 | 164,930 |
| 35 | Security Bank Corp. Macon, Ga. | Neighbors Bancshares Inc. Alpharetta, Ga. | Nov. 22 | 32.5 | 3.43 | NM | 105,490 |
| 36 | Stark Bank Group Ltd. Fort Dodge, Iowa | Pelican Financial Inc. Ann Arbor, Mich. | Nov. 4 | 32.3 | 1.71 | NM | 194,488 |
| 37 | First M and F Corp. Kosciusko, Miss. | Columbiana Bancshares Inc. Ala. | Oct. 12 | 31 | 2.15 | 35.18 | 191,242 |
| 38 | Texas United Bancshares Inc. La Grange | Northwest Bancshares Inc. Roanoke, Tex. | Nov. 22 | 31 | 2.76 | 17.70 | 124,871 |
| 39 | Gwinnett Commercial Group LLC Lawrenceville, Ga. | Buford Banking Group Inc. Ga. | Oct. 21 | 25.3 | 1.89 | 37.32 | 113,459 |
| 40 | BankFinancial Corp. Burr Ridge, Ill. | University National Bank Chicago | Nov. 29 | 23.9 | 3.03 | 37.63 | 113,087 |
| 41 | Summit Bank Corp. Atlanta | Concord Bank Houston | Dec. 8 | 23.7 | 2.01 | 25.90 | 111,965 |
| 42 | Templar Fund Inc. St. Louis | FFC Financial Corp. St. Louis | Nov. 1 | 18.5 | 1.73 | 27.65 | 116,250 |
| 43 | Northwest Bancorp Inc. Warren, Pa. | Maryland Permanent Bank and Trust Co. Owings Mills | Nov. 14 | 14.8 | 1.63 | NM | 86,466 |
| 44 | Inland Community Bank Ontario, Calif. | Western State Bank Duarte, Calif. | Dec. 6 | 13.4 | 1.80 | NM | 55,755 |
| 45 | Great Western Bancorp Omaha | Security Bank, Madison, S.D. | Nov. 4 | 11 | NA | NA | 144,905 |
| 46 | First Community Corp. Lexington, S.C. | Dekalb Bankshares Inc. Camden, S.C. | Dec. 7 | 9.9 | 1.89 | NM | 45,296 |
| 47 | Texas United Bancshares Inc. La Grange | Express Bank of Texas Round Rock | Oct. 26 | 9.4 | 2.12 | NM | 44,725 |
| 48 | First Financial Bancshares Lawrence, Kan. | Lawrence Bank Kan. | Oct. 3 | 8.9 | 2.35 | 25.12 | 36,351 |
| 49 | Peoples Community Bancorp Inc. West Chester, Ohio | Mercantile Financial Corp. Cincinnati | Nov. 1 | 8.3 | 1.15 | 10.89 | 56,922 |
| 50 | Nutmeg Financial MHC Inc. Naugatuck, Conn. | Castle Bank and Trust Co. Meriden, Conn. | Oct. 7 | 8 | 1.38 | 34.17 | 74,265 |
| 51 | Waccamaw Bankshares Inc. Whiteville, N.C. | Bank of Heath Springs S.C. | Dec. 19 | 8 | 1.45 | 44.43 | 20,041 |
| 52 | Pulaski Financial Corp. St. Louis | CWE Bancorp Inc. St. Louis | Oct. 25 | 7.6 | 1.75 | 30.65 | 45,458 |
| 53 | First M and F Corp. Kosciusko, Miss. | Crockett County Bancshares Inc. Bells, Tenn. | Oct. 12 | 7.4 | 1.60 | 30.71 | 31,648 |
| 54 | First Sleepy Eye Bancorp Inc. Sioux Falls, S.D. | Stearns Bank Evansville Minn. | Oct. 17 | 6 | 1.16 | 7.07 | 41,520 |
| 55 | Milton Bancorp Inc. Wellston, Ohio | Community First Financial Bancorp Inc. New Holland, Ohio | Dec. 29 | 3.9 | NA | NA | 29,296 |
| 56 | National City Corp. Cleveland | Forbes First Financial Corp. St. Louis | Dec. 21 | NA | NA | NA | 505,229 |
| 57 | Primetrust Bank Nashville | Bank of the South Mount Juliet, Tenn. | Nov. 21 | NA | NA | NA | 354,486 |
| 58 | RCB Holding Co. Claremore, Okla. | Pioneer Bancshares Inc. Ponca City, Okla. | Dec. 27 | NA | NA | NA | 296,914 |
| 59 | Bank of Choice Holding Co. Evans, Colo. | First National Bank of Arvada Colo. | Nov. 11 | NA | NA | NA | 201,676 |
| 60 | Fishback Financial Corp. Brookings, S.D. | FMB Bankshares Inc. Sioux Falls, S.D. | Nov. 8 | NA | NA | NA | 160,278 |
| 61 | Wells Fargo & Co. San Francisco | Fremont National Bank of Canon City Colo. | Dec. 5 | NA | NA | NA | 139,144 |
| 62 | First Citizens Financial Corp. Mason City, Iowa | Kanabec Credit Co. Mora, Minn. | Oct. 31 | NA | NA | NA | 113,641 |
| 63 | Wells Fargo & Co. San Francisco | Martinius Corp. Rogers, Minn. | Nov. 21 | NA | NA | NA | 83,949 |
| 64 | Wells Fargo & Co. San Francisco | Centennial Bank of Pueblo Colo. | Dec. 5 | NA | NA | NA | 32,790 |
| 65 | DBT Financial Corp. Dewitt, Ark. | Planters and Merchants Bank Gillett, Ark. | Dec. 8 | NA | NA | NA | 27,402 |
| 66 | Cleo Bancshares Inc. Cleo Springs, Okla. | Meno Bancshares Inc. Meno, Okla. | Oct. 1 | NA | NA | NA | 25,656 |
| 67 | Peoples Bancorp Rock Valley, Iowa | Pipestone County Bancorp Jasper, Minn. | Oct. 13 | NA | NA | NA | 16,508 |
| 68 | Madison Bohemian Savings Bank Forest Hill, Md. | Back and Middle River Federal Savings and Loan Assn. Essex, Md. | Oct. 10 | NA | NA | NA | 4,339 |
Notes: NA = Not Available; NM = Nominal
Source: SNL Financial, Charlottesville, Va. (www.snl.com)
© 2006 American Banker