Bank and Thrift Merger Deals
October 07, 2004, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Merger Deals
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| Published October 7, 2004 | |||||||
| Rank | Buyer | Seller | Date | Price | Announced price to: | Seller's assets | |
| Equity | Net | ||||||
| 1 | Toronto-Dominion Bank Toronto* | Banknorth Group Inc. Portland, Maine | Aug. 26 | $3,671,253 | 2.32 | 18.04 | $29,275,790 |
| 2 | Fifth Third Bancorp Cincinnati | First National Bankshares of Florida Inc. Naples | Aug. 2 | 1,525,389 | 3.26 | 43.04 | 4,087,319 |
| 3 | Banco Bilbao Vizcaya Argentaria Bilbao, Spain | Laredo National Bancshares Tex. | Sept. 21 | 850,000 | 2.99 | 17.46 | 3,374,127 |
| 4 | PNC Financial Services Group Pittsburgh | Riggs National Corp. Washington | Jul. 16 | 780,409 | 1.80 | NA | 6,179,275 |
| 5 | Centennial Bank Holdings Inc. Eaton, Colo. | Guaranty Corp. Denver | Sept. 1 | 365,000 | 3.38 | 25.92 | 1,425,594 |
| 6 | UnionBanCal Corp. San Francisco | Jackson Federal Bank Brea, Calif. | Jul. 2 | 305,000 | 1.39 | 12.50 | 1,926,421 |
| 7 | Colonial BancGroup Inc. Montgomery, Ala. | Union Bank of Florida Weston | Sept. 28 | 233,000 | 3.07 | 20.79 | 974,326 |
| 8 | Popular Inc. Hato Rey, Puerto Rico | Kislak Financial Corp. Miami Lakes, Fla. | Aug. 17 | 158,000 | 2.40 | 14.63 | 876,025 |
| 9 | Westamerica Bancorp. San Rafael, Calif. | Redwood Empire Bancorp Santa Rosa, Calif. | Aug. 25 | 148,002 | 5.03 | 20.36 | 515,421 |
| 10 | Wells Fargo & Co. San Francisco | First Community Capital Corp. Houston | Sept. 2 | 123,655 | 3.10 | 67.13 | 536,038 |
| 11 | WesBanco Inc. Wheeling, W.Va. | Winton Financial Corp. Cincinnati | Aug. 25 | 103,985 | 2.09 | 21.05 | 553,744 |
| 12 | ESB Financial Corp. Ellwood City, Pa. | PHSB Financial Corp. Beaver Falls, Pa. | Aug. 12 | 82,655 | 1.66 | 26.82 | 341,682 |
| 13 | Peoples Holding Co. Tupelo, Miss. | Heritage Financial Holding Corp. Decatur, Ala. | Jul. 15 | 73,440 | 2.15 | 49.76 | 540,732 |
| 14 | Brookline Bancorp Inc. Brookline, Mass. | Mystic Financial Inc. Medford, Mass. | Jul. 7 | 66,380 | 2.30 | 32.82 | 441,192 |
| 15 | First Banks Inc. St. Louis | Hillside Investors Ltd. Ill. | Aug. 13 | 62,000 | 1.13 | NA | 1,493,288 |
| 16 | Park National Corp. Newark, Ohio | First Clermont Bank Milford, Ohio | Sept. 24 | 52,500 | 2.12 | 17.21 | 198,850 |
| 17 | Placer Sierra Bancshares Sacramento | First Financial Bancorp Lodi, Calif. | Sept. 8 | 50,000 | 2.21 | 26.35 | 324,138 |
| 18 | Iberiabank Corp. Lafayette, La. | American Horizons Bancorp Inc. Monroe, La. | Sept. 29 | 48,200 | 2.13 | 21.06 | 266,637 |
| 19 | First National Lincoln Corp. Damariscotta, Maine | FNB Bankshares Bar Harbor, Maine | Aug. 26 | 48,042 | 2.73 | 20.74 | 219,031 |
| 20 | Benjamin Franklin Bancorp Franklin, Mass. | Chart Bank Waltham, Mass. | Sept. 1 | 48,000 | 2.74 | 30.36 | 223,900 |
| 21 | Sky Financial Group Inc. Bowling Green, Ohio | Prospect Bancshares Inc. Worthington, Ohio | Sept. 15 | 46,900 | 2.75 | 21.81 | 202,841 |
| 22 | Park National Corp. Newark, Ohio | First Federal Bancorp Inc. Zanesville, Ohio | Aug. 3 | 45,937 | 1.92 | 24.12 | 250,500 |
| 23 | Parkvale Financial Corp. Monroeville, Pa. | Advance Financial Bancorp Wellsburg, W.Va. | Sept. 1 | 38,122 | 1.70 | 13.81 | 319,285 |
| 24 | First Defiance Financial Corp. Ohio | ComBanc Inc. Delphos, Ohio | Aug. 4 | 38,030 | 1.68 | NA | 211,410 |
| 25 | United Community Banks Inc. Blairsville, Ga. | Liberty National Bancshares Inc. Conyers, Ga. | Aug. 26 | 37,440 | 3.11 | NA | 179,651 |
| 26 | BancorpSouth Inc. Tupelo, Miss. | Business Holding Corp. Baton Rouge, La. | Sept. 17 | 34,400 | 2.40 | 27.02 | 160,435 |
| 27 | Webster Financial Corp. Waterbury, Conn. | First City Bank New Britain, Conn. | Jul. 19 | 33,125 | 2.15 | 15.36 | 191,795 |
| 28 | American River Bankshares Sacramento | Bank of Amador Jackson, Calif. | Jul. 9 | 32,026 | 2.03 | 15.19 | 125,652 |
| 29 | First Federal Savings and Loan Association Hazard, Ky. | Frankfort First Bancorp Inc. Ky. | Jul. 16 | 31,188 | 1.68 | 29.27 | 137,970 |
| 30 | BancorpSouth Inc. Tupelo, Miss. | Premier Bancorp Inc. Brentwood, Tenn. | Sept. 17 | 30,300 | 3.33 | 26.72 | 149,375 |
| 31 | Fidelity Bankshares Inc. West Palm Beach, Fla. | First Community Bancorp Inc. Pahokee, Fla. | Sept. 22 | 27,100 | 2.30 | NA | 150,883 |
| 32 | Webster Financial Corp. Waterbury, Conn. | Eastern Wisconsin Bancshares Howards Grove | Sept. 7 | 26,000 | 3.47 | 18.80 | 141,720 |
| 33 | First Federal Banc of the Southwest Inc. Roswell, N.M. | GFSB Bancorp Inc. Gallup, N.M. | Aug. 25 | 24,092 | 1.24 | 14.11 | 238,912 |
| 34 | Franklin Bank Corp. Houston | Cedar Creek Bancshares Inc., Seven Points, Tex. | Sept. 7 | 24,000 | 2.14 | 18.25 | 105,529 |
| 35 | Blue River Bancshares Inc. ** Shelbyville, Ind. | Heartland Bancshares Inc.** Franklin, Ind. | Sept. 1 | 20,097 | 1.52 | 26.70 | 171,209 |
| 36 | Intermountain Community Bancorp Sandpoint, Idaho | Snake River Bancorp Inc. Twin Falls, Idaho | Jul. 25 | 17,107 | 2.39 | 25.65 | 73,778 |
| 37 | Dearborn Bancorp Inc. Mich. | Bank of Washtenaw Saline, Mich. | Jul. 16 | 15,000 | 2.11 | NA | 71,786 |
| 38 | Croghan Bancshares Inc. Fremont, Ohio | Custar State Bank Ohio | Aug. 11 | 13,894 | 1.50 | 19.49 | 54,234 |
| 39 | First Financial Bankshares Inc. Abilene, Tex. | Southwestern Bancshares Inc. Glen Rose, Tex. | Sept. 7 | 13,400 | 2.99 | 11.61 | 45,307 |
| 40 | United Community Banks Inc. Blairsville, Ga. | Eagle National Bank Stockbridge, Ga. | Aug. 3 | 12,438 | 2.08 | NA | 63,604 |
| 41 | Central Valley Community Bancorp Clovis, Calif. | Bank of Madera County Oakhurst, Calif. | Jul. 19 | 12,390 | 2.80 | 24.93 | 56,199 |
| 42 | MIVI Acquisition Corp. Minn. | Mississippi View Holding Co. Little Falls, Minn. | Aug. 6 | 12,327 | 1.23 | 22.37 | 75,390 |
| 43 | Wilber Co. Wilber, Neb. | Hickman Corp. Hickman, Neb. | Aug. 10 | 11,500 | 1.88 | 17.24 | 73,115 |
| 44 | Eastman Acquisition Holding Co. Okla. | Eastman National Bancshares Newkirk, Okla. | Jul. 22 | 10,902 | 1.50 | 20.19 | 48,202 |
| 45 | Metropolitan Bank Group Inc. Chicago | Allegiance Community Bank Tinley Park, Ill. | Aug. 16 | 10,140 | 1.64 | 24.55 | 68,397 |
| 46 | Crescent Banking Co. Jasper, Ga. | Futurus Financial Services Inc. Alpharetta, Ga. | Aug. 19 | 10,000 | 1.84 | NA | 69,929 |
| 47 | Bank of Choice Holding Co. Evans, Colo. | Palisade Bancshares Inc. Colo. | Sept. 20 | 6,350 | 2.75 | 20.22 | 35,261 |
| 48 | Oak Hill Financial Inc. Jackson, Ohio | Ripley National Bank Ohio | Jul. 20 | 5,500 | 1.39 | 19.71 | 64,157 |
| 49 | FSB Bancshares Inc. Henderson, Tenn. | Friendship Bancshares Inc. Tenn. | Sept. 15 | 4,630 | 1.18 | NA | 82,975 |
| 50 | UCSB Financial Corp. Fort Wayne, Ind. | Uinta County State Bank Mountain View, Wyo. | Jul. 12 | 3,800 | 1.22 | NA | 13,640 |
| 51 | Wilber Co. Wilber, Neb. | Yutan Bancorp Inc. Neb. | Aug. 10 | 3,700 | 1.34 | 13.41 | 20,735 |
| 52 | MidWest Community Financial Corp. Midwest City, Okla. | Canute Bancshares Inc. Clinton, Okla. | Jul. 20 | 3,465 | 2.04 | 22.65 | 11,966 |
| 53 | Heritage Bancshares Group Inc. Willmar, Minn. | Raymond Bancshares Inc. Minn. | Aug. 2 | 3,100 | 0.89 | 10.16 | 23,854 |
| 54 | Cass Information Systems Inc. Bridgeton, Mo. | Franklin Bank of California Orange | Aug. 11 | 2,720 | 1.45 | NA | 2,422 |
| 55 | Timberland Bancorp Baxter, Minn. | Buhl Bancorp. Inc. Minn. | Jul. 13 | 2,016 | 1.45 | 30.55 | 12,948 |
| 56 | Investor group Tenn. | Bank of Mason Tenn. | Aug. 26 | 1,750 | 1.80 | 58.33 | 8,218 |
| 57 | American Bancorp. St. Paul | Americana Capital Corp. Albert Lea, Minn. | Jul. 29 | NA | NA | NA | 91,749 |
| 58 | American Bankshares Inc. Welch, W.Va. | Steel Valley Bank Dillonvale, Ohio | Sept. 8 | NA | NA | NA | 55,657 |
| 59 | Bancorp Inc. Wilmington, Del. | Bancorp Bank Wilmington, Del. | Jul. 19 | NA | NA | NA | 503,424 |
| 60 | Bank Holdings Inc. Reno | CNA Trust Corp. Costa Mesa, Calif. | Aug. 23 | NA | NA | NA | 216,758 |
| 61 | Citigroup Inc. New York | Adam Corp. Group Bryan, Tex. | Aug. 24 | NA | NA | NA | 3,494,293 |
| 62 | Eastern Bank Corp. Boston | Plymouth Bancorp Inc.Wareham, Mass. | Jul. 8 | NA | NA | NA | 1,518,412 |
| 63 | First Bank Corp. Fort Smith, Ark. | Bor Bancshares Inc. Rogers, Ark. | Sept. 16 | NA | NA | NA | 114,573 |
| 64 | Illinois National Bancorp Springfield | Riverton Community Bank Ill. | Aug. 6 | NA | NA | NA | 32,871 |
| 65 | Midwest Banco Corp. Cozad, Neb. | Eustis Bancshares Inc. Neb. | Sept. 1 | NA | NA | NA | 29,711 |
| 66 | Security State Bank Holding Co. Hannaford, N.D. | CNB Inc. Walker, Minn. | Sept. 10 | NA | NA | NA | 42,830 |
| 67 | Security State Corp. Centralia, Wash. | HCB Bancorp Inc. Raymond, Wash. | Jul. 1 | NA | NA | NA | 48,536 |
| 68 | State Bankshares Inc. Fargo, N.D. | First State Bank of Audubon Minn. | Jul. 29 | NA | NA | NA | 10,492 |
| 69 | UB Inc. Unadilla, Neb. | American Bank Burr, Neb. | Jul. 15 | NA | NA | NA | 11,774 |
| 70 | Unibanc Corp. Maywood, Neb. | Farmers State Bank Big Springs, Neb. | Aug. 11 | NA | NA | NA | 20,768 |
| 71 | Wilson Bank Holding Co. Lebanon, Tenn. | Community Bank of Smith City Carthage, Tenn. | Sept. 14 | NA | NA | NA | 71,760 |
| 72 | Wilson Bank Holding Co. Lebanon, Tenn. | Dekalb Community Bank Smithville, Tenn. | Sept. 14 | NA | NA | NA | 110,073 |
*Partial acquisition **Merger of equals
Source: Highline Banking Data Services (877-305-6657)
© 2004 American Banker