Bank and Thrift Merger Deals
April 25, 2006, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Merger Deals
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| Published April 25, 2006 | |||||||
| Related Table: Deals with highest announced price to equity/price to net income | |||||||
| Announced price to | |||||||
| Buyer | Seller | Date | Price (millions) | Equity | Net | Seller's assets (thousands) | |
| 1 | Capital One Financial Corp. McLean, Va. | North Fork Bancorp. Inc. Melville, N.Y. | March 20 | $14,567.8 | 1.62 | 15.35 | $57,616,871 |
| 2 | Umpqua Holdings Corp. Portland, Ore. | Western Sierra Bancorp Cameron Park, Calif. | Feb. 7 | 356.3 | 2.74 | 20.08 | 1,292,573 |
| 3 | Sky Financial Group Inc. Bowling Green, Ohio | Waterfield Mortgage Co. Inc. Fort Wayne, Ind. | Feb. 3 | 329.6 | 3.66 | 16.22 | 3,490,319 |
| 4 | Hudson City Bancorp Inc. Paramus, N.J. | Sound Federal Bancorp Inc. White Plains, N.Y. | Feb. 8 | 265.3 | 2.06 | 57.13 | 1,149,326 |
| 5 | Grupo Financiero Banorte SA de CV Monterrey, Mexico | INB Financial Corp. McAllen, Tex. | Jan. 26 | 259.0 | 5.82 | 14.85 | 1,066,801 |
| 6 | Placer Sierra Bancshares Sacramento, Calif. | Southwest Community Bancorp Carlsbad, Calif. | Feb. 15 | 175.0 | 3.54 | 17.48 | 656,503 |
| 7 | BB&T Corp. Winston-Salem, N.C. | First Citizens Bancorp. Cleveland, Tenn. | Jan. 11 | 144.8 | 3.41 | 15.72 | 685,964 |
| 8 | Mercantile Bankshares Corp. Baltimore | James Monroe Bancorp Inc. Arlington, Va. | March 27 | 143.8 | 3.63 | 34.09 | 529,921 |
| 9 | Midwest Banc Holdings Inc. Melrose Park, Ill. | Royal American Corp. Inverness, Ill. | Feb. 8 | 133.4 | 2.95 | 25.99 | 507,252 |
| 10 | Crescent Capital VI LLC Bellevue, Wash. | FirstBank NW Corp. Clarkston, Wash. | Feb. 1 | 115.6 | 1.53 | 16.05 | 812,983 |
| 11 | Cathay General Bancorp Inc. Los Angeles | Great Eastern Bank New York | Feb. 16 | 101.0 | 3.20 | 38.7 | 320,510 |
| 12 | National Bancshares Inc. Bettendorf, Iowa | Metrocorp Inc. East Moline, Ill. | March 20 | 79.5 | 1.82 | 16.18 | 570,536 |
| 13 | Western Alliance Bancorp. Las Vegas | Bank of Nevada Las Vegas | Jan. 16 | 74.0 | 3.03 | 18.97 | 280,554 |
| 14 | First Place Financial Corp. Warren, Ohio | Northern Savings and Loan Co. Elyria, Ohio | Jan. 27 | 72.4 | 1.67 | 25.48 | 340,807 |
| 15 | Banc Corp. Birmingham, Ala. | Kensington Bankshares Inc. Tampa | March 6 | 70.9 | 2.52 | 24.63 | 324,654 |
| 16 | Sterling Financial Corp. Spokane, Wash. | Lynnwood Financial Group Mountlake Terrace, Wash. | Feb. 13 | 63.8 | 1.43 | 7.41 | 435,651 |
| 17 | Enterprise Financial Services Corp Saint Louis, Mo. | NorthStar Bancshares Inc. North Kansas City, Mo. | March 22 | 36.0 | 1.95 | 56.51 | 211,114 |
| 18 | NBC Capital Corp. Starkville, Miss. | SunCoast Bancorp Inc. Sarasota, Fla. | March 16 | 35.1 | 2.47 | 41.41 | 122,487 |
| 19 | BNC Bancorp Thomasville, N.C. | SterlingSouth Bank and Trust Co. Greensboro, N.C. | Feb. 6 | 34.9 | 2.76 | 30.94 | 148,281 |
| 20 | Silver State Bancorp Henderson, Nev. | Choice Bank Scottsdale, Ariz. | March 29 | 31.2 | 2.76 | 42.12 | 91,071 |
| 21 | Community Bank Shares of Indiana Inc. New Albany Ind. | Bancshares Inc.Scottsburg Ind. | Feb. 15 | 31.1 | 2.26 | 23.57 | 122,769 |
| 22 | First Muskogee Financial Corp. Muskogee, Okla. | First Financial Bancshares Inc. Roland, Okla. | Jan. 19 | 30.0 | 2.39 | 19.47 | 176,319 |
| 23 | Premier Community Bankshares Inc. Winchester, Va. | Albemarle First Bank Charlottesville, Va. | Jan. 12 | 28.7 | 2.51 | N.M. | 120,124 |
| 24 | West Coast Bancorp Lake Oswego, Ore. | Mid-Valley Bank Woodburn, Ore. | Feb. 1 | 25.2 | 2.84 | 41.09 | 99,254 |
| 25 | First Mid-Illinois Bancshares Inc. Mattoon | Mansfield Bancorp Inc. Mansfield, Ill. | Feb. 14 | 24.0 | 1.62 | 18.32 | 122,147 |
| 26 | Franklin Financial Services Corp. Chambersburg, Pa. | Fulton Bancshares Corp. McConnellsburg, Pa. | Jan. 23 | 23.5 | 1.55 | N.M. | 139,357 |
| 27 | FC Holdings Inc. Houston | Texas National Bancshares Inc. Tomball | Feb. 17 | 22.3 | 2.13 | 32.46 | 89,704 |
| 28 | Sterling Financial Corp. Lancaster, Pa. | Bay Net Financial Inc. Bel Air, Md. | March 30 | 22.3 | 3.38 | 24.54 | 96,743 |
| 29 | NBC Capital Corp. Starkville, Miss. | Seasons Bancshares Inc. Blairsville, Ga. | March 21 | 22.0 | 3.08 | N.M. | 75,758 |
| 30 | First Federal Financial Services Inc. Edwardsville, Ill. | Clover Leaf Financial Corp. Edwardsville, Ill. | Feb. 3 | 21.9 | 2.10 | 35.51 | 127,853 |
| 31 | Bancshares of Florida Inc. Naples | Bristol Bank Coral Gables, Fla. | March 7 | 20.9 | 2.07 | N.M. | 91,338 |
| 32 | First Banks Inc. Clayton, Mo. | First Independent National Bank Plano, Tex. | Jan. 18 | 19.2 | 2.45 | 48.68 | 76,452 |
| 33 | Centra Financial Holdings Inc. Morgantown, W.Va. | Smithfield State Bank of Smithfield Pa. | March 30 | 18.4 | 1.49 | 39.61 | 236,244 |
| 34 | New Century Bancorp Inc. Dunn, N.C. | Progressive State Bank Lumberton, N.C. | Feb. 2 | 16.6 | 2.34 | 29.69 | 59,610 |
| 35 | Investor group | Ridgestone Financial Services Inc. Brookfield, Wis. | March 20 | 14.5 | 1.67 | 28.3 | 110,181 |
| 36 | Cornerstone Holding Co. Inc. Fargo, N.D. | Citizens Inc. Enderlin, N.D. | Jan. 6 | 14.2 | 1.36 | 12.26 | 64,736 |
| 37 | Kentucky Bancshares Inc. Paris | Peoples Bancorp of Sandy Hook Inc. Ky. | Feb. 24 | 14.0 | 1.64 | 17.13 | 83,708 |
| 38 | Texas Independent Bancshares Inc. Texas City | Southeast Bancorp of Texas Inc. Winnie | Jan. 24 | 13.7 | 1.83 | 27.93 | 74,890 |
| 39 | Brooke Corp. Overland Park, Kan. | Generations Bank Kansas City, Mo. | Jan. 23 | 10.1 | 1.15 | 16.08 | 65,171 |
| 40 | Heritage Financial Corp. Olympia, Wash. | Western Washington Bancorp Federal Way, Wash. | Jan. 24 | 9.0 | 2.52 | 12.13 | 58,079 |
| 41 | BancKentucky Inc. Murray | Murray Banc Holding Co. LLC Ky. | Jan. 30 | 8.5 | 1.30 | 14.11 | 153,079 |
| 42 | First Financial Banc Corp. El Dorado, Ark. | Cornerstone Bank Senatobia, Miss. | Feb. 9 | 8.3 | 2.05 | N.M. | 46,595 |
| 43 | Exchange Financial Inc. Adair, Iowa | Adair Insurance Agency Inc. Iowa | Jan. 6 | 5.9 | 1.81 | 31.44 | 41,686 |
| 44 | John R. Turner Holding Co. Jackson, Ky. | Middleburg Bancorp Inc. Ky. | Jan. 20 | 3.9 | 1.39 | 29.11 | 40,789 |
| 45 | Frontier Bancshares Inc. Austin | First National Bank of Holland Tex. | Jan. 23 | 3.0 | 2.95 | 51.72 | 9,211 |
| 46 | Private Investor - Amos K. Bass Wilburton, Okla. | Wilburton State Bancshares Inc. Okla. | March 16 | 1.5 | 1.12 | 3.21 | 53,364 |
| 47 | State Capital Corp. Greenwood, Miss. | Consumer National Bank Jackson, Miss. | Feb. 24 | NA | NA | NA | 48,114 |
| 48 | Forstrom Bancorp. Inc. Clara City, Minn. | Yellow Medicine Bancshares Inc. Granite Falls, Minn. | Feb. 28 | NA | NA | NA | 84,232 |
| 49 | Docking Bancshares Inc. Arkansas City, Kan. | State Bank Winfield, Kan. | March 6 | NA | NA | NA | 103,726 |
| 50 | Farmers and Merchants Investment Inc. Lincoln, Neb. | Bonner Springs Bancshares Inc. Kan. | Feb. 3 | NA | NA | NA | 89,140 |
| 51 | Hometown Banking Co. Inc. Fort Pierce, Fla. | First of Homestead Inc. Fla. | Jan. 10 | NA | NA | NA | 235,853 |
| 52 | Mercantil Servicios Financieros Caracas | Florida Savings Bank Pinecrest | Jan. 26 | NA | NA | NA | 130,515 |
| 53 | Pinnacle Bancorp Inc. Central City, Neb. | Olathe Bancorp. Inc. Colo. | Feb. 7 | NA | NA | NA | 61,028 |
| 54 | Bank of East Asia Ltd. Hong Kong | National American Bancorp San Francisco | Jan. 3 | NA | NA | NA | 86,085 |
| 55 | Wescom Credit Union Pasadena, Calif. | Silvergate Capital Corp. La Jolla, Calif. | Jan. 25 | NA | NA | NA | 474,342 |
Source: SNL Financial, Charlottesville, Va.
© 2006 American Banker