Bank and Thrift Merger Deals
January 17, 2007, 10:08 a.m. EST 1 Min Read
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Bank and Thrift Merger Deals
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| Announced in the fourth quarter of 2006 | |||||||
| Rank | Buyer | Seller | Announced | Price (millions) | Announced price to: | Seller's assets (thousands) | |
| Equity | Net | ||||||
| 1 | Bank of New York Co. Inc. | Mellon Financial Corp. Pittsburgh | Dec. 3 | $16,803.30 | NM | NM | $42,666,000 |
| 2 | PNC Financial Services Group Inc. Pittsburgh | Mercantile Bankshares Corp. Baltimore | Oct. 8 | 6,027.10 | 2.66 | 20.81 | 17,002,714 |
| 3 | Huntington Bancshares Inc. Columbus, Ohio | Sky Financial Group Inc. Bowling Green, Ohio | Dec. 20 | 3,592.10 | 2.18 | 17.61 | 15,920,631 |
| 4 | Bank of America Corp. Charlotte | Charles Schwab Corp. San Francisco | Nov. 19 | 3,300.0 | 2.58 | 34.51 | 11,115,945 |
| 5 | TD Bank Financial Group* Toronto | TD Banknorth Inc. Portland, Maine | Nov. 19 | 3,200.60 | 0.90 | 23.80 | 39,917,225 |
| 6 | Rabobank Nederland Utrecht | Mid-State Bancshares Arroyo Grande, Calif. | Nov. 1 | 850.5 | 3.10 | 23.66 | 2,367,264 |
| 7 | BB&T Corp. Winston-Salem, N.C. | Coastal Financial Corp. Myrtle Beach, S.C. | Dec. 20 | 395.0 | 3.50 | 20.79 | 1,659,475 |
| 8 | New York Community Bancorp Inc. Westbury | PennFed Financial Services Inc. West Orange, N.J. | Nov. 2 | 261.9 | 2.11 | 22.72 | 2,334,262 |
| 9 | Marshall & Ilsley Corp. Milwaukee | United Heritage Bankshares of Florida Inc. Orlando | Dec. 1 | 216.0 | 3.33 | 30.07 | 736,094 |
| 10 | Beneficial Savings Bank MHC Philadelphia | FMS Financial Corp. Burlington, N.J. | Oct. 12 | 183.0 | 2.42 | 30.40 | 1,244,639 |
| 11 | Royal Bank of Scotland Group PLC Edinburgh | GreatBanc Inc. Lisle, Ill. | Oct. 30 | 180.0 | 3.49 | 25.57 | 1,157,519 |
| 12 | BancorpSouth Inc. Tupelo, Miss. | City Bancorp Springfield, Mo. | Oct. 31 | 174.7 | 2.47 | 20.87 | 827,343 |
| 13 | City National Corp. Beverly Hills | Business Bank Corp. Las Vegas | Oct. 31 | 161.5 | 3.64 | 23.10 | 489,740 |
| 14 | AmericanWest Bancorp. Spokane | Far West Bancorp. Provo, Utah | Oct. 18 | 150.0 | 3.15 | 15.01 | 405,339 |
| 15 | Franklin Bank Corp. Houston | Bryan-Heritage Limited Partnership Bryan, Tex. | Dec. 1 | 134.0 | 2.72 | 19.89 | 517,328 |
| 16 | Provident Financial Services Inc. Jersey City | First Morris Bank and Trust Morristown, N.J. | Oct. 15 | 124.2 | 3.25 | 49.72 | 570,554 |
| 17 | Integra Bank Corp. Evansville, Ind. | Prairie Financial Corp. Bridgeview, Ill. | Oct. 5 | 121.8 | 3.42 | 17.72 | 575,081 |
| 18 | Western Alliance Bancorp. Las Vegas | First Independent Capital of Nevada Reno | Dec. 19 | 118.0 | 3.95 | 22.58 | 402,398 |
| 19 | Washington Federal Inc. Seattle | First Federal Banc of the Southwest Inc. Roswell, N.M. | Oct. 10 | 99.0 | 1.88 | 18.23 | 562,286 |
| 20 | Banner Corp. Walla Walla, Wash. | F&M Bank Spokane | Dec. 11 | 98.1 | 2.51 | 26.66 | 405,561 |
| 21 | Old National Bancorp Evansville, Ind. | St. Joseph Capital Corp. Mishawaka, Ind. | Oct. 21 | 77.3 | 2.62 | 28.59 | 490,906 |
| 22 | U.S. Bancorp Minneapolis | United Financial Corp. Great Falls, Mont. | Nov. 6 | 72.7 | 2.30 | 16.86 | 418,071 |
| 23 | First State Bancorp. Albuquerque | Front Range Capital Corp. Broomfield, Colo. | Oct. 4 | 72.0 | 3.18 | 125.65 | 451,258 |
| 24 | Central Bancompany Jefferson City, Mo. | Twenty-First Century Financial Services Co. Tulsa | Dec. 18 | 66.1 | 2.95 | 24.29 | 398,971 |
| 25 | Sandy Spring Bancorp Inc. Olney, Md. | Potomac Bank of Virginia Fairfax | Oct. 10 | 66.0 | 2.68 | 42.71 | 247,414 |
| 26 | Whitney Holding Corp. New Orleans | Signature Financial Holdings Inc. St. Petersburg, Fla. | Oct. 4 | 61.7 | 3.11 | 34.51 | 258,314 |
| 27 | Sandy Spring Bancorp Inc. Olney, Md. | CN Bancorp Inc. Glen Burnie, Md. | Dec. 13 | 44.2 | 2.15 | 31.62 | 151,250 |
| 28 | Sun American Bancorp Miami | Independent Community Bank Tequesta, Fla. | Nov. 17 | 40.9 | 2.94 | 20.87 | 122,672 |
| 29 | Banner Corp. Walla Walla, Wash. | San Juan Financial Holding Co. Friday Harbor, Wash. | Dec. 18 | 41.6 | 2.41 | 19.01 | 150,540 |
| 30 | CenterState Banks of Florida Inc. Winter Haven | Valrico Bancorp Inc. Fla. | Nov. 14 | 40.4 | 2.61 | 19.83 | 150,146 |
| 31 | First Banks Inc. Clayton, Mo. | Royal Oaks Bancshares Inc. Houston | Nov. 7 | 38.6 | 3.22 | 35.81 | 180,379 |
| 32 | Stifel Financial Corp. St. Louis | First Service Financial Co. St. Louis | Nov. 20 | 37.9 | 2.20 | 27.80 | 129,287 |
| 33 | Enterprise Financial Services Corp St. Louis | Clayco Banc Corp. De Soto, Kan. | Nov. 22 | 37.0 | 2.81 | 25.08 | 202,179 |
| 34 | Heartland Bancorp Inc. Bloomington, Ill. | First Federal Bancshares Inc. Colchester, Ill. | Nov. 3 | 30.3 | 1.50 | 55.31 | 345,762 |
| 35 | Citizens and Northern Corp. Wellsboro, Pa. | Citizens Bancorp Inc. Coudersport, Pa. | Dec. 21 | 29.1 | 1.59 | 20.05 | 142,663 |
| 36 | Commerce Bancshares Inc. Kansas City, Mo. | South Tulsa Financial Corp. Okla. | Dec. 4 | 26.3 | 2.22 | 20.40 | 124,219 |
| 37 | New England Bancshares Inc. Enfield, Conn. | First Valley Bancorp Inc. Bristol, Conn. | Nov. 21 | 25.6 | 2.41 | 27.03 | 184,753 |
| 38 | United Security Bancshares Fresno, Calif. | Legacy Bank Campbell, Calif. | Oct. 5 | 23.7 | 2.28 | NM | 81,241 |
| 39 | Merrimack Bancorp MHC Concord, N.H. | Bow Mills Bank and Trust Bow, N.H. | Dec. 14 | 22.4 | 2.21 | 25.30 | 124,295 |
| 40 | New Hampshire Thrift Bancshares Inc. Newport | First Brandon Financial Corp. Brandon, Vt. | Dec. 15 | 21.2 | 2.01 | 16.98 | 99,526 |
| 41 | Assabet Valley Bancorp Hudson, Mass. | Westborough Financial Services Inc. Westborough, Mass. | Nov. 13 | 20.6 | 2.02 | NM | 299,672 |
| 42 | Coastal Community Investments Inc. Panama City Beach, Fla. | Bayside Financial Corp. Port Saint Joe, Fla. | Dec. 26 | 18.9 | 2.39 | 14.90 | 84,037 |
| 43 | TIB Financial Corp. Naples, Fla. | Bank of Venice Fla. | Nov. 13 | 17.4 | 2.08 | 48.88 | 61,454 |
| 44 | Columbian Financial Corp. Overland Park, Kan. | Bank Weatherford, Tex. | Nov. 15 | 15.5 | 2.72 | 47.69 | 59,986 |
| 45 | Partnership Community Bancshares Inc. Cedarburg, Wis. | Bancorp of Tomah Inc. Wis. | Dec. 14 | 14.1 | 1.90 | 20.63 | 70,465 |
| 46 | PAX Holdings Inc. Southlake, Tex. | Surety Capital Corp. Fort Worth | Oct. 11 | 10.9 | 1.38 | 4.36 | 32,144 |
| 47 | Blue Valley Ban Corp Overland Park, Kan. | Unison Bancorp Inc. Lenexa, Kan. | Nov. 2 | 10.2 | 1.90 | NM | 35,946 |
| 48 | Frandsen Financial Corp. Arden Hills, Minn. | Pine Bankshares Inc. Pine City, Minn. | Oct. 16 | 10.2 | 1.71 | 15.54 | 53,019 |
| 49 | Cathay General Bancorp Inc. Los Angeles | United Heritage Bank Edison, N.J. | Nov. 21 | 9.4 | 1.88 | NM | 60,428 |
| 50 | Family Bancorp Inc. Houston | First National Bank of Refugio Tex. | Nov. 16 | 9.1 | 1.48 | 30.43 | 49,355 |
| 51 | Greene Investment Co. Jefferson, Iowa | Dunlap Corp. Slater, Iowa | Nov. 8 | 8.5 | 2.13 | 16.65 | 45,957 |
| 52 | Middlefield Banc Corp. Ohio | Emerald Bank Dublin, Ohio | Nov. 15 | 7.3 | 1.34 | NM | 37,935 |
| 53 | First American Financial Holdings Inc. Nashville, Tenn. | Planters Bank of Tennessee Maury City | Oct. 5 | 6.5 | 2.25 | 28.33 | 26,127 |
| 54 | First Independent Bancorp Inc. Chickasha,Okla. | Cyril State Bank Okla. | Nov. 17 | 4.7 | 1.33 | 16.71 | 24,303 |
| 55 | Woodforest Financial Group Inc. The Woodlands, Tex. | Olympic Savings Association SSB Refugio, Tex. | Nov. 27 | 4.5 | 1.91 | 47.37 | 17,426 |
| 56 | Bradford Bank MHC Baltimore | Golden Prague Federal Savings and Loan Assn. Baltimore | Dec. 28 | NA | NA | NA | 29,288 |
| 57 | Butler Bancorp MHC Lowell | Marlborough Bancorp Mass. | Dec. 13 | NA | NA | NA | 86,386 |
| 58 | Community Bank Investors of America LP Richmond | Bay Financial Savings Bank FSB Tampa, Fla. | Oct. 23 | NA | NA | NA | 71,470 |
| 59 | Country Bank Shares Inc. Milford, Neb. | Mid-Nebraska Co. Inc. Kearney | Nov. 13 | NA | NA | NA | 144,416 |
| 60 | Danvers Bancorp Inc. Mass. | BankMalden Co-operative Bank Malden, Mass. | Nov. 27 | NA | NA | NA | 49,941 |
| 61 | First Colorado Financial Corp. | North Fork Corp. Paonia, Colo. | Nov. 16 | NA | NA | NA | 33,140 |
| 62 | First Fidelity Bancorp Inc. Oklahoma City | Western Security Holding Co. Ltd. Scottsdale, Ariz. | Nov. 20 | NA | NA | NA | 195,815 |
| 63 | First National Financial Services Inc. Elk River, Minn. | Maple Lake Bancorp. Edina, Minn. | Nov. 8 | NA | NA | NA | 67,569 |
| 64 | Gardiner Savings Institution FSB Maine | Calais Federal Savings and Loan Association Maine | Oct. 13 | NA | NA | NA | 61,152 |
| 65 | International Bancshares Corp. Laredo, Tex. | Southwest First Community Inc. Beeville, Tex. | Dec. 1 | NA | NA | NA | 127,130 |
| 66 | Investor group | Vartan Financial Corp. Harrisburg, Pa. | Oct. 12 | NA | NA | NA | 83,545 |
| 67 | Nodaway Valley Bancshares Inc. Maryville, Mo. | Exchange Holding Co. Mound City, Mo. | Dec. 26 | NA | NA | NA | 18,460 |
| 68 | Olney Bancshares of Texas Inc. | Interbank Inc. Sayre, Okla. | Oct. 25 | NA | NA | NA | 162,926 |
| 69 | Patriot Bancshares Inc. Houston | Northeast Bancshares Inc. Mesquite, Tex. | Oct. 20 | NA | NA | NA | 43,912 |
| 70 | Security Bank Shares Inc. Iron River, Wis. | Ridgeland Bancorp Inc. Tony, Wis. | Oct. 23 | NA | NA | NA | 31,985 |
| 71 | St. Elizabeth Bancshares Inc. Mo. | Bank of Freeburg Mo. | Oct. 2 | NA | NA | NA | 37,679 |
| 72 | Valley View Bancshares Inc. Overland Park, Kan. | First Community Bancshares Inc. Kansas City, Kan. | Oct. 31 | NA | NA | NA | 215,719 |
| 73 | White River Bancshares Co. Fayetteville, Ark. | Brinkley Bancshares Inc. Ark. | Nov. 30 | NA | NA | NA | 139,565 |
*All cash transaction to acquire remaining outsiding shares.
Source: SNL Finanical, Charlottesville, Va. (www.snl.com)
© 2007 American Banker