Bank and Thrift Merger Deals
Published August 01, 2006, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Bank and Thrift Merger Deals
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| Published August 1, 2006 | |||||||
| Related Table: Top 10 Deals by Price to Equity/Price to Net Income | |||||||
| Rank | Buyer | Seller | Date | Sales price (millions) | Announced price to: | Seller's assets (thousands) | |
| Equity | Net | ||||||
| 1 | Wachovia Corp. Charlotte | Golden West Financial Corp. Oakland, Calif. | May 7 | $25,504.90 | 2.82 | 16.54 | $127,556,456 |
| 2 | Regions Financial Corp. Birmingham, Ala. | AmSouth Bancorp. Birmingham, Ala. | May 24 | 10,060.3 | 2.78 | 13.73 | 52,858,162 |
| 3 | JPMorgan Chase & Co. New York | Bank of New York Retail Banking Business | April 7 | 3,100.0 | NA | NA | NA |
| 4 | Banco Bilbao Vizcaya Argentaria S.A. Bilbao, Spain | Texas Regional Bancshares Inc. McAllen | June 12 | 2,164.6 | 3.3 | 24.31 | 6,633,994 |
| 5 | Citizens Banking Corp. Flint, Mich. | Republic Bancorp Inc. Owosso, Mich. | June 26 | 1,033.5 | 2.54 | 15.02 | 6,243,670 |
| 6 | Washington Mutual Inc. Seattle, Wash. | Commercial Capital Bancorp Inc. Irvine, Calif. | April 23 | 993.2 | 1.32 | 14.16 | 5,744,293 |
| 7 | Banco Bilbao Vizcaya Argentaria S.A. Bilbao, Spain | State National Bancshares Inc. Fort Worth | June 12 | 480.8 | 2.23 | 24.37 | 1,692,678 |
| 8 | TD Banknorth Inc. Portland, Maine | Interchange Financial Services Corp. Saddle Brook, N.J. | April 13 | 480.7 | 2.69 | 23.23 | 1,631,386 |
| 9 | MB Financial Inc. Chicago | First Oak Brook Bancshares Inc. Ill. | May 1 | 378.4 | 2.86 | 23.43 | 2,326,245 |
| 10 | First Community Bancorp Rancho Santa Fe, Calif. | Community Bancorp Inc. Escondido, Calif. | May 15 | 266.7 | 2.66 | 18.24 | 888,388 |
| 11 | Trustmark Corp. Jackson, Miss. | Republic Bancshares of Texas Inc. Houston | April 13 | 201.9 | 4.65 | 28.13 | 653,990 |
| 12 | First Republic Bank San Francisco | BWC Financial Corp. Walnut Creek, Calif. | May 20 | 176.9 | 3.36 | 19.51 | 564,239 |
| 13 | Webster Financial Corp. Waterbury, Conn. | NewMil Bancorp Inc. New Milford, Conn. | April 24 | 172.5 | 3.25 | 19.52 | 872,991 |
| 14 | Sterling Financial Corp. Spokane | FirstBank North West Corp. Clarkston, Wash. | June 4 | 169.6 | 2.14 | 19.26 | 846,003 |
| 15 | Community Bancorp Las Vegas | Valley Bancorp Las Vegas | June 28 | 137.4 | 3.16 | 22.12 | 407,688 |
| 16 | Alabama National BanCorp. Birmingham | PB Financial Services Corp. Duluth, Ga. | May 24 | 128.8 | 3.53 | 20.92 | 517,013 |
| 17 | Castle Creek Capital III LLC Rancho Santa Fe, Calif. | BB&T Bancshares Corp. Bloomingdale, Ill. | June 2 | 105.0 | 2.65 | 25.53 | 438,272 |
| 18 | First Charter Corp. Charlotte | GBC Bancorp Inc. Lawrenceville, Ga. | June 1 | 101.3 | 2.94 | 14.27 | 418,322 |
| 19 | U.S. Bancorp Minneapolis | Vail Banks Inc. Avon, Colo. | May 31 | 98.6 | 1.52 | 18.68 | 704,970 |
| 20 | Banc Corp. Birmingham, Ala. | Community Bancshares Inc. Blountsville, Ala. | April 29 | 96.6 | 2.42 | 53.14 | 572,468 |
| 21 | National Mercantile Bancorp Los Angeles | FCB Bancorp Camarillo, Calif. | June 15 | 88.4 | NA | NM | 480,990 |
| 22 | UMB Financial Corp. Kansas City, Mo. | Mountain States Bancorp. Inc. Denver | June 1 | 83.0 | 2.16 | 25.06 | 282,034 |
| 23 | Commerce Bancshares Inc. Kansas City, Mo. | West Pointe Bancorp Inc. Belleville, Ill. | April 13 | 80.9 | 2.27 | 22.8 | 477,391 |
| 24 | Glacier Bancorp Inc. Kalispell, Mont. | Citizens Development Co. Billings, Mont. | April 20 | 77.0 | 2.05 | 16.09 | 429,972 |
| 25 | Inland Bancorp Holding Co. Oak Brook, Ill. | Cambank Inc. Lake Zurich, Ill. | June 6 | 70.5 | 2.79 | 16.72 | 303,165 |
| 26 | Riverside Banking Co. Fort Pierce, Fla. | First Community Bank Holding Corp. Debary, Fla. | April 5 | 65.0 | 3.51 | 24.78 | 258,658 |
| 27 | Vineyard National Bancorp Rancho Cucamonga, Calif., | Rancho Bank San Dimas, Calif. | April 19 | 58.7 | 3.12 | 22.56 | 226,147 |
| 28 | First Commonwealth Financial Corp. Indiana, Pa. | Laurel Capital Group Inc. Allison Park, Pa. | April 27 | 57.6 | 2.06 | 27.43 | 309,506 |
| 29 | Alliance Financial Corp. Syracuse, N.Y. | Bridge Street Financial Inc. Oswego, N.Y. | April 23 | 55.2 | 2.11 | 46.99 | 228,504 |
| 30 | UnionBancorp Inc. Ottawa, Ill. | Centrue Financial Corp. Fairview Heights, Ill. | June 30 | 54.3 | NA | NM | 626,303 |
| 31 | Security Bank Corp. Macon, Ga. | Homestead Bank Suwanee, Ga. | April 19 | 49.8 | 2.64 | 26.18 | 223,756 |
| 32 | Castle Creek Capital LLC Rancho Santa Fe, Calif. | Bankshares Inc. Melbourne, Fla. | June 20 | 45.0 | 3.1 | 21.76 | 204,528 |
| 33 | Mercantile Bancorp Inc. Quincy, Ill. | Royal Palm Bancorp Inc. Naples, Fla. | May 30 | 42.3 | 2.65 | 50.64 | 147,394 |
| 34 | Community Bank System Inc. De Witt, N.Y. | ES&L Bancorp Inc. Elmira, N.Y. | April 20 | 39.5 | 1.83 | 13.31 | 212,193 |
| 35 | Crescent Financial Corp. Cary, N.C. | Port City Capital Bank Wilmington, N.C. | April 6 | 39.0 | 2.95 | 18.52 | 163,511 |
| 36 | Bank Holdings Reno | NNB Holdings Inc. Reno | May 17 | 36.0 | 3.1 | 23.18 | 147,444 |
| 37 | Commerce Bancshares Inc. Kansas City, Mo. | Most of Boone National Savings and Loan Columbia, Mo. | April 4 | 31.6 | 2.06 | 35.75 | 154,518 |
| 38 | Farmers Capital Bank Corp. Frankfort, Ky. | Citizens National Bancshares Inc. Nicholasville, Ky. | April 12 | 30.0 | 2.25 | 21.13 | 153,322 |
| 39 | ChoiceOne Financial Services Inc. Sparta, Mich. | Valley Ridge Financial Corp. Kent City, Mich. | April 25 | 29.3 | NA | NM | 216,401 |
| 40 | Centra Financial Holdings Inc. Morgantown, W.Va. | Smithfield State Bank of Smithfield, Pa. | April 7 | 28.8 | 1.51 | 40.03 | 236,244 |
| 41 | Emprise Financial Corp. Wichita | Prairie Capital Inc. Augusta, Kan. | April 17 | 25.9 | 1.97 | NM | 289,492 |
| 42 | First Banks Inc. Clayton, Mo. | San Diego Community Bank Chula Vista, Calif. | May 10 | 25.5 | 2.04 | 23.68 | 92,431 |
| 43 | Dickinson Financial Corp. II Kansas City, Mo. | Southern Commerce Bank Tampa, Fla. | April 10 | 20.8 | 2.01 | 23.89 | 91,894 |
| 44 | Great River Holding Co. Morris, Minn. | First Federal Bancorp. Bemidji, Minn. | May 21 | 20.3 | 1.49 | 25.09 | 150,057 |
| 45 | Glacier Bancorp Inc. Kalispell, Mont. | First National Bank of Morgan Utah | May 31 | 20.0 | 2.14 | 17.73 | 70,546 |
| 46 | Citizens First Corp. Bowling Green, Ky. | Kentucky Banking Centers Glasgow | June 1 | 20.0 | 2.19 | 17.45 | 127,239 |
| 47 | Sterling Bank Mount Laurel, N.J. | Farnsworth Bancorp Inc. Bordentown, N.J. | June 23 | 18.9 | 2.09 | 64.56 | 105,578 |
| 48 | GN Bankshares Inc. Girard, Kan. | Valley State Investments Inc. Lamar, Colo. | May 8 | 18.6 | 1.62 | 21.38 | 99,916 |
| 49 | Republic Bancorp Inc. Louisville | GulfStream Community Bank Port Richey, Fla. | June 12 | 18.1 | 2.02 | 44.91 | 64,735 |
| 50 | Coastal Bancshares Acquisition Corp. Houston | Intercontinental Bank Shares Corp. San Antonio | April 5 | 16.8 | 3.24 | 29.95 | 110,077 |
| 51 | Passumpsic Bancorp Saint Johnsbury, Vt. | Siwooganock Holding Co. Inc. Lancaster, N.H. | May 23 | 16.7 | 2.02 | 29.92 | 79,990 |
| 52 | Allegheny Valley Bancorp Inc. Pittsburgh | RSV Bancorp Inc. Pittsburgh | April 13 | 16.6 | 1.66 | 31.52 | 77,741 |
| 53 | ShoreBank Corp. Chicago | Greater Chicago Bank Bellwood, Ill. | June 19 | 15.0 | 2.27 | 20.73 | 62,983 |
| 54 | First Fidelity Bancorp Inc. Oklahoma City | Apex Mortgage Co. Edmond, Okla. | April 7 | 14.0 | 2.2 | 19.53 | 86,802 |
| 55 | First Banks Inc. Clayton, Mo. | Teamco Inc. Oak Lawn, Ill. | June 14 | 13.9 | 2.24 | 33.1 | 68,182 |
| 56 | First Bancorp of Indiana Inc. Evansville, Ind. | Home Building Bancorp Inc. Washington, Ind. | April 24 | 11.3 | 1.67 | 26.69 | 60,379 |
| 57 | Carver Bancorp Inc. New York | Community Capital Bank Brooklyn, N.Y. | April 5 | 11.2 | 1.42 | 18.87 | 162,767 |
| 58 | TrustAtlantic Financial Corp. Raleigh | Millennia Community Bank Greenville, N.C. | June 27 | 8.1 | 1.59 | NM | 30,642 |
| 59 | Nuestra Tarjeta de Servicios Inc. Roswell, Ga. | NBOG Bancorp. Inc. Gainesville, Ga. | May 5 | 6.1 | 1.62 | NM | 37,881 |
| 60 | BancFirst Corp. Oklahoma City | First Bartlesville Bank Okla. | April 11 | 5.6 | 1.55 | NM | 42,591 |
| 61 | Hometown Community Bancorp Inc. Morton, Ill. | Manito Bank Services Inc. Ill. | May 15 | 5.5 | 1.14 | 11.75 | 50,068 |
| 62 | Southwest Bancorp Inc. Stillwater, Okla. | McMullen Bank Tilden, Tex. | April 26 | 5.0 | 1.89 | NM | 36,130 |
| 63 | First Bancshares Inc. Hattiesburg, Miss. | First National Bank of Wiggins Miss. | May 18 | 4.2 | 1.22 | NM | 51,040 |
| 64 | F and M Bancshares Inc. Trezevant, Tenn. | Citizens City and County Bank Trenton, Tenn. | April 10 | 3.8 | 1.42 | 12.41 | 28,028 |
| 65 | Chickasaw Banc Holding Co. Oklahoma City | AllNations Bancorp. Inc. Calumet, Okla. | April 26 | NA | NA | NA | 17,714 |
| 66 | Home Depot Inc. Atlanta | EnerBank USA Salt Lake City | May 2 | NA | NA | NA | 86,381 |
| 67 | Finlayson Bancshares Inc. Minn. | First National Agency Co. of Deer River Inc. Minn. | May 10 | NA | NA | NA | 13,889 |
| 68 | WashingtonFirst Bank Washington | First Liberty Bancorp Inc. Washington | May 15 | NA | NA | NA | 91,259 |
| 69 | Sun American Bancorp Miami, | Beach Bank Miami Beach, Fla. | May 17 | NA | NA | NA | 120,243 |
| 70 | First National Bank and Trust Co. Shawnee, Okla. | GSB Holding Inc. Mangum, Okla. | June 1 | NA | NA | NA | 51,982 |
| 71 | Midwest Community Bancshares Inc. Marion, Ill. | C.P. Burnett and Sons Inc. Eldorado, Ill. | June 2 | NA | NA | NA | 48,981 |
| 72 | Sovereign Bancshares Inc. Irving, Tex. | Jefferson Bank Dallas | June 9 | NA | NA | NA | 200,270 |
| 73 | Privee LLC Miami | PineBank Miami | June 26 | NA | NA | NA | 417,855 |
| 74 | Green Bancorp Inc. Houston | Redstone Bank Houston | June 28 | NA | NA | NA | 167,875 |
Source: SNL Financial, Charlottesville, Va (www.snl.com)
© 2006 American Banker