Bank and Thrift Merger Deals
Published April 19, 2007, 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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| Announced in the first quarter of 2007 | |||||||
| Related Table: Deals with highest announced price to equity, net income | |||||||
| Rank | Buyer | Seller | Date | Price (millions) | Announced price to: | Sellers assets (thousands) | |
| Equity | Net | ||||||
| 1 | Banco Bilbao Vizcaya Argentaria SA Spain | Compass Bancshares Inc. Birmingham, Ala. | Feb. 16 | $10,166.90 | 3.6 | 22.08 | $34,199,755 |
| 2 | State Street Corp. Boston | Investors Financial Services Corp. Boston | Feb. 4 | 4,493.60 | 4.75 | 29.22 | 11,552,590 |
| 3 | Merrill Lynch and Co. Inc. New York | First Republic Bank San Francisco | Jan. 29 | 1,787.30 | 2.82 | 26.23 | 10,713,224 |
| 4 | Wells Fargo & Co. San Francisco | Placer Sierra Bancshares Sacramento | Jan. 9 | 642 | 1.62 | 29.77 | 2,673,603 |
| 5 | Colonial BancGroup Inc. Montgomery, Ala. | Commercial Bankshares Inc. Miami | Jan. 23 | 317.1 | 3.51 | 25.25 | 1,035,361 |
| 6 | United Community Banks Inc. Blairsville, Ga. | Gwinnett Commercial Group Inc. Lawrenceville, Ga. | Feb. 5 | 220.1 | 3.17 | 20.15 | 624,665 |
| 7 | United Bankshares Inc. Charleston, W.Va. | Premier Community Bankshares Inc. Winchester, Va. | Jan. 26 | 200.2 | 2.79 | 25.52 | 900,711 |
| 8 | Banco Sabadell SA Spain | Transatlantic Holding Corp. Miami | Jan. 24 | 175 | 3.49 | 19.96 | 580,255 |
| 9 | Greene County Bancshares Inc. Greeneville, Tenn. | Civitas BankGroup Inc. Franklin, Tenn. | Jan. 25 | 164.4 | 3.12 | 24.56 | 865,745 |
| 10 | Umpqua Holdings Corp. Portland, Ore. | North Bay Bancorp Napa, Calif. | Jan. 17 | 156.2 | 2.8 | 22.29 | 648,984 |
| 11 | Midwest Banc Holdings Inc. Melrose Park, Ill. | Northwest Suburban Bancorp Inc. Mount Prospect, Ill. | March 22 | 140.6 | 2.84 | 26.37 | 535,454 |
| 12 | Renasant Corp. Tupelo, Miss. | Capital Bancorp Inc. Nashville | Feb. 5 | 136.1 | 3.89 | 32.56 | 564,442 |
| 13 | 1st Source Corp. South Bend, Ind. | Fina Bancorp Inc. Valparaiso, Ind. | Feb. 19 | 135 | 1.96 | NM | 624,130 |
| 14 | UCBH Holdings Inc. San Francisco | CAB Holding LLC Wilmington, Del. | Jan. 10 | 130.7 | 2.84 | 48.57 | 321,597 |
| 15 | LSB Bancshares Inc. Lexington, N.C. | FNB Financial Services Corp. Greensboro, N.C. | Feb. 26 | 127.7 | NM | NM | 1,010,773 |
| 16 | BOK Financial Corp. Tulsa | Worth Bancorp. Inc. Lake Worth, Tex. | March 9 | 127.1 | 3.76 | 24.01 | 389,819 |
| 17 | Ridgewood Savings Bank N.Y. | City and Suburban Financial Corp. Yonkers, N.Y. | Feb. 23 | 119.1 | 2.19 | 18.15 | 669,944 |
| 18 | Chittenden Corp. Burlington, Vt. | Merrill Merchants Bancshares Inc. Bangor, Maine | Jan. 18 | 109.6 | 2.94 | 17.77 | 444,952 |
| 19 | Marshall & Ilsley Corp. Milwaukee | Excel Bank Corp. Minneapolis | Feb. 9 | 105 | 2.59 | 28.11 | 629,684 |
| 20 | Associated Banc-Corp Green Bay, Wis. | Charter 95 Corp. St. Paul | Jan. 17 | 93 | 2.78 | 19.51 | 391,219 |
| 21 | Castle Creek Capital LLC Rancho Santa Fe, Calif. | BankFirst Bancorp Inc. Winter Park, Fla. | Jan. 18 | 80 | 4.52 | 22.18 | 332,423 |
| 22 | Superior Bancorp Birmingham, Ala. | Peoples Community Bancshares Inc. Sarasota, Fla. | Jan. 18 | 77.2 | 3.2 | 22.43 | 322,602 |
| 23 | Boston Private Financial Holdings Inc. | Charter Financial Corp. Bellevue, Wash. | March 3 | 73 | 3.56 | 24.31 | 321,672 |
| 24 | Heritage Commerce Corp San Jose | Diablo Valley Bank Danville, Calif. | Feb. 8 | 69.5 | 4.09 | 24.01 | 228,452 |
| 25 | Columbia Banking System Inc. Tacoma | Mountain Bank Holding Co. Enumclaw, Wash. | March 28 | 59.9 | 2.69 | 27.59 | 229,910 |
| 26 | Gateway Financial Holdings Inc. Virginia Beach | Bank of Richmond Va. | Jan. 10 | 55.8 | 3.05 | 28.22 | 168,446 |
| 27 | Buckhead Community Bancorp Inc. Atlanta | Allied Bancshares Inc. Cumming, Ga. | Mar. 1 | 53.6 | 3.3 | 28.02 | 190,831 |
| 28 | Sterling Bancshares Inc. Houston | Partners Bank of Texas Humble, Tex. | Jan. 24 | 52 | 3.32 | 29.3 | 183,978 |
| 29 | WGNB Corp. Carrollton, Ga. | First Haralson Corp. Buchanan, Ga. | Jan. 22 | 46.3 | 2.72 | 19.68 | 205,003 |
| 30 | Bradford Bancorp Inc. Baltimore | Patapsco Bancorp Inc. Dundalk, Md. | March 19 | 45.3 | 2.37 | 31.5 | 246,814 |
| 31 | Columbia Banking System Inc. Tacoma | Town Center Bancorp Portland, Ore. | March 28 | 45.2 | 3.51 | 21.73 | 133,404 |
| 32 | Belvedere Capital Partners LLC San Francisco | Professional Business Bank Pasadena, Calif. | Feb. 1 | 44.3 | 2.45 | 44.7 | 183,796 |
| 33 | CapitalSouth Bancorp Birmingham, Ala. | Monticello Bancshares Inc. Jacksonville, Fla. | Feb. 28 | 41.2 | 1.8 | 16.47 | 227,827 |
| 34 | FirstBank Corp. Alma, Mich. | ICNB Financial Corp. Ionia, Mich. | Feb. 1 | 38.4 | 1.6 | 21.58 | 235,486 |
| 35 | CVB Financial Corp., Ontario, Calif. | First Coastal Bancshares El Segundo, Calif. | Feb. 8 | 35.7 | 2.92 | 38.29 | 245,922 |
| 36 | Heartland Bancorp Inc. Bloomington, Ill. | BankPLus Morton, Ill. | March 16 | 33.6 | 1.38 | 22.38 | 288,747 |
| 37 | Northwest Bancorp Inc. Warren, Pa. | Penn Laurel Financial Corp Curwensville, Pa. | Jan. 4 | 32.7 | 1.71 | 15.74 | 215,471 |
| 38 | Mercantile Bancorp Inc. Quincy, Ill. | HNB Financial Services Inc. Hannibal, Mo. | Feb. 8 | 30.2 | 1.84 | 25.23 | 159,914 |
| 39 | Glacier Bancorp Inc. Kalispell, Mont. | North Side State Bank of Rock Springs Wyo. | Jan. 22 | 28.3 | 1.47 | 34.84 | 120,642 |
| 40 | LNB Bancorp Inc. Lorain, Ohio | Morgan Bancorp Inc. Hudson, Ohio | Jan. 15 | 26.1 | 2.77 | NM | 128,450 |
| 41 | Australia and New Zealand Banking Group Ltd. Melbourne | Citizens Bancorp Hagatna, Guam | Feb. 20 | 25 | 1.86 | 14.66 | 139,496 |
| 42 | 1st Pacific Bancorp La Jolla Calif. | Landmark National Bank Solana Beach, Calif. | Feb. 22 | 24.6 | 1.38 | 26.08 | 125,016 |
| 43 | Bank of Kentucky Financial Corp. Crestview Hills | F.N.B. Bancorp. Inc. Fort Mitchell, Ky. | Jan. 26 | 21.8 | 2.29 | 19.5 | 77,492 |
| 44 | La Porte Bancorp Inc. La Porte, Ind. | City Savings Financial Corp. Michigan City, Ind. | March 8 | 19.8 | 1.56 | 54.35 | 137,023 |
| 45 | SouthCrest Financial Group Inc. Fayetteville, Ga. | Bank of Chickamauga Ga. | Feb. 23 | 18 | 1.31 | 34.75 | 67,984 |
| 46 | Community Bank System Inc. De Witt, N.Y. | TLNB Financial Corp. Tupper Lake, N.Y. | Jan. 9 | 17.6 | 2.19 | 33.08 | 103,575 |
| 47 | Florida Bank Group Inc. Tampa | Bank of Tallahassee Fla. | Jan. 3 | 16.8 | 2.02 | 47.85 | 73,788 |
| 48 | First Guaranty Bancshares Inc. Hammond, La. | Homestead Bancorp Inc. Ponchatoula, La. | Jan. 4 | 13.1 | 1.27 | 43.63 | 131,886 |
| 49 | Southwest Bancorp Inc. Stillwater, Okla. | Bank of Kansas* Hutchinson | Feb. 2 | 12.9 | 1.81 | 26.17 | 74,580 |
| 50 | BankFive MHC Fall River, Mass. | New Bedford Community Bancorp Mass. | Feb. 20 | 12.5 | 1.68 | 18.68 | 69,159 |
| 51 | PCBA Acquisition LLC Ark. | Premier Commercial Bancorp Anaheim | March 1 | 11 | 1.26 | NM | 16,142 |
| 52 | North Cascades Bancshares Inc. Chelan, Wash. | Mid State Bancorp Waterville, Wash. | March 14 | 6.8 | 1.87 | 16.93 | 41,770 |
| 53 | Newtek Business Services Inc. New York | Universal Savings Banc Holdings Inc. Milwaukee | Jan. 10 | NA | NA | NA | 116,940 |
| 54 | First Texas BHC Inc. Fort Worth | SWB Bancshares Inc. Fort Worth | March 21 | NA | NA | NA | 298,004 |
| 55 | Investor group Tex. | County Bancshares Inc. Newton, Tex. | Feb. 19 | NA | NA | NA | 127,366 |
| 56 | Cooperative Bankshares Inc. Wilmington, N.C. | Bank of Jefferson S.C. | March 6 | NA | NA | NA | 14,791 |
| 57 | American Bank Holdings Inc. Silver Spring, Md. | Grange Mutual Casualty Co. Columbus, Ohio | Feb. 6 | NA | NA | NA | 244,585 |
| 58 | First Bancorp. of Durango Inc. Inverness, Ill. | Community Bancshares Inc. Grants, N.M. | Jan. 26 | NA | NA | NA | 92,327 |
| 59 | Citizens National Corp. Wisner, Neb. | Spalding City Corp. Omaha | March 1 | NA | NA | NA | 37,971 |
| 60 | Pinnacle Bancorp Inc. Central City, Neb. | Farmers and Merchants Bank Imperial, Neb. | Jan. 11 | NA | NA | NA | 46,156 |
| 61 | Liberty First Bancshares Inc. Mo. | Park Bank Parkville, Mo. | March 15 | NA | NA | NA | 54,825 |
| 62 | Bradford Bank MHC Baltimore | Senator Bank Cockeysville, Md. | Jan. 26 | NA | NA | NA | 19,092 |
| 63 | Peoples Federal Bancorp Inc. Brighton, Mass. | Brookline Co-operative Bank Mass. | March 15 | NA | NA | NA | 61,160 |
| 64 | Institution for Savings in Newburyport Mass. | Ipswich Co-operative Bank Mass. | Feb. 7 | NA | NA | NA | 238,716 |
| 65 | Eastern Bank Corp. Boston | Sharon Co-operative Bank Mass. | Jan. 30 | NA | NA | NA | 68,328 |
| 66 | MountainOne Financial Partners MHC North Adams, Mass. | South Coastal Holdings MHC Inc. Rockland, Mass. | Jan. 22 | NA | NA | NA | 225,705 |
| 67 | Needham Co-operative Bank Mass. | Dedham Co-operative Bank Mass. | Jan. 9 | NA | NA | NA | 86,930 |
| 68 | Investor group New Orleans | Globe Bancorp Inc. Metairie, La. | Feb. 14 | NA | NA | NA | 29,888 |
| 69 | Lea M. McMullan Trust Shelbyville, Ky. | Fort Knox National Bancorp Inc. Radcliff, Ky. | Jan. 31 | NA | NA | NA | 36,726 |
| 70 | Intrust Financial Corp. Wichita | First Kansas Holding Co. Junction City | Jan. 10 | NA | NA | NA | 39,493 |
| 71 | Standard Bancshares Inc. Hickory Hills, Ill. | FBOP Corp. Oak Park, Ill. | March 13 | NA | NA | NA | 79,986 |
| 72 | First National of Nebraska Inc. Omaha | First Marengo Financial Corp. Ill. | Feb. 6 | NA | NA | NA | 300,698 |
| 73 | Cedar Bancorp Inc. Mount Vernon, Ill. | Jeff City Bancorp Inc. Mount Vernon, Ill. | Jan. 16 | NA | NA | NA | 33,443 |
| 74 | Fidelity Co. Dubuque, Iowa | Northwest Financial Corp. Spencer, Iowa | Feb. 6 | NA | NA | NA | 96,792 |
| 75 | Pinnacle Financial Corp. Elberton, Ga. | Georgia Central Bancshares Inc. Social Circle | March 23 | NA | NA | NA | 93,533 |
| 76 | First Covenant Bank Woodstock, Ga. | NBank Corp. Commerce, Ga. | March 1 | NA | NA | NA | 109,267 |
| 77 | State Bank of Wiley Colo. | Cheyenne Mountain Bank Colorado Springs | March 27 | NA | NA | NA | 44,430 |
| 78 | Great Western Bancorp. Inc. Omaha | Sunstate Bancshares Inc. Casa Grande, Ariz. | Feb. 22 | NA | NA | NA | 200,627 |
*Owned by Hart Food Stores
Source: SNL Finanical, Charlottesville, Va. (www.snl.com)
© 2007 American Banker