Bank and Thrift Merger Deals
July 19, 2007, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Merger Deals
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| Published July 19, 2007 | |||||||
| Price (millions) | | (thousands) | |||||
| Buyer | Seller | Date | Equity | Net | |||
| 1 | Bank of America Corp. Charlotte | LaSalle Bank Corp. Chicago | 22-Apr | $21,000.00 | 1.72 | 18.96 | $124,637,736 |
| 2 | National City Corp. Cleveland | MAF Bancorp Inc. Clarendon Hills, Ill. | 30-Apr | 1,918.40 | 1.79 | 22.31 | 11,120,499 |
| 3 | Peoples United Financial Inc. Bridgeport, Conn. | Chittenden Corp. Burlington, Vt. | 26-Jun | 1,753.20 | 2.64 | 19.98 | 6,610,171 |
| 4 | Wells Fargo & Co. San Francisco | Greater Bay Bancorp East Palo Alto, Calif. | 4-May | 1,474.90 | 1.73 | 19.93 | 7,382,328 |
| 5 | Susquehanna Bancshares Inc. Lititz, Pa. | Community Banks Inc. Harrisburg, Pa. | 30-Apr | 852.3 | 1.74 | 19.86 | 3,629,386 |
| 6 | CapitalSource Inc. Chevy Chase, Md. | TierOne Corp. Lincoln, Neb. | 17-May | 654.2 | 1.8 | 14.17 | 3,441,261 |
| 7 | Doral Holdings* | Doral Financial Corp. San Juan, Puerto Rico | 16-May | 610 | NA | NM | 11,856,424 |
| 8 | PNC Financial Services Group Inc. Pittsburgh | Yardville National Bancorp Hamilton, N.J. | 6-Jun | 405.8 | 2.13 | NM | 2,676,952 |
| 9 | Fifth Third Bancorp Cincinnati | R-G Crown Bank Casselberry, Fla. | 20-May | 338 | 0.87 | NM | 3,017,583 |
| 10 | Sterling Financial Corp. Spokane | North Valley Bancorp Redding, Calif. | 10-Apr | 196.2 | 2.6 | 18.49 | 905,673 |
| 11 | New York Community Bancorp Inc. Westbury | Synergy Financial Group Inc. Cranford, N.J. | 13-May | 168.4 | 1.69 | 39.4 | 966,540 |
| 12 | BancTrust Financial Group Inc. Mobile, Ala. | Peoples BancTrust Co. Inc. Selma, Ala. | 21-May | 153.3 | 1.73 | 19.47 | 924,794 |
| 13 | East West Bancorp Inc. Pasadena, Calif. | Desert Community Bank Victorville, Calif. | 24-Apr | 148.2 | 2.64 | 21.05 | 531,984 |
| 14 | Chittenden Corp. Burlington, Vt. | Community Bank and Trust Co. Wolfeboro, N.H. | 4-Jun | 124.1 | 2.78 | 17.52 | 426,347 |
| 15 | Harleysville National Corp. Pa. | East Penn Financial Corp. Emmaus, Pa. | 15-May | 92.7 | 3.65 | 25.44 | 450,759 |
| 16 | Berkshire Hills Bancorp Inc. Pittsfield, Mass. | Factory Point Bancorp Inc. Manchester Center, Vt. | 14-May | 81.5 | 2.76 | 17.71 | 339,378 |
| 17 | Olney Bancshares of Texas Inc. | Union Bank Oklahoma City | 29-Jun | 78.4 | 2.49 | 19.75 | 419,540 |
| 18 | Central Bancompany Jefferson City, Mo. | Metcalf Bancshares Inc. Overland Park, Kan. | 24-May | 75 | 3.42 | 45.16 | 279,278 |
| 19 | First Citizens Banc Corp Sandusky, Ohio | Futura Banc Corp. Urbana, Ohio | 7-Jun | 65.5 | 2.62 | 19.82 | 279,225 |
| 20 | National Penn Bancshares Inc. Boyertown, Pa. | Christiana Bank and Trust Co. Greenville, Del. | 25-Jun | 64.6 | 3.26 | 22.87 | 166,061 |
| 21 | Security Bank Corp. Macon, Ga. | First Commerce Community Bankshares Inc. Douglasville, Ga. | 9-Apr | 56.7 | 3 | 17.82 | 252,184 |
| 22 | Inland Bancorp Holding Co. Oak Brook, Ill. | Amerimark Financial Corp. Countryside, Ill. | 4-Apr | 45.7 | 2.41 | NM | 269,569 |
| 23 | BOK Financial Corp. Tulsa | United Banks of Colorado Inc. Englewood | 23-May | 43 | 2.3 | NM | 173,289 |
| 24 | Yadkin Valley Financial Corp. Elkin, N.C. | Cardinal State Bank Durham, N.C. | 14-Jun | 41.8 | 2.03 | 33.2 | 192,832 |
| 25 | Bank of the Carolinas Corp. Mocksville, N.C. | Randolph Bank and Trust Co. Asheboro, N.C. | 12-Apr | 38.2 | 1.71 | 38.35 | 279,134 |
| 26 | Community Trust Bancorp Inc. Pikeville, Ky. | Eagle Fidelity Inc. Williamstown, Ky. | 31-May | 37 | 1.79 | 21.95 | 155,566 |
| 27 | Southside Bancshares Inc. Tyler, Tex. | Fort Worth Bancshares Inc. | 17-May | 36.5 | 3.4 | 17.14 | 126,830 |
| 28 | First Keystone Corp. Berwick, Pa. | Pocono Community Bank Stroudsburg, Pa. | 10-May | 33.3 | 2.28 | 36.99 | 133,586 |
| 29 | Commerce Bancshares Inc. Kansas City, Mo. | Commerce Bank Aurora Colo. | 2-Apr | 29.5 | 3.35 | 17.79 | 96,797 |
| 30 | Shinhan Financial Group Co. Ltd. Seoul | North Atlanta National Bank Alpharetta, Ga. | 29-Jun | 28 | 2.26 | 20.93 | 139,495 |
| 31 | Southern Michigan Bancorp Inc. Coldwater, Mich. | FNB Financial Corp. Three Rivers Mich. | 17-Apr | 25.9 | 2.09 | 25.14 | 151,317 |
| 32 | Merchants Financial Group Inc. Winona, Minn. | First National Bank in Cannon Falls Minn. | 21-May | 25 | 2.39 | 60 | 126,124 |
| 33 | Investor group | Marco Community Bancorp Inc. Marco Island, Fla. | 15-May | 23.2 | 1.91 | 21.43 | 169,788 |
| 34 | Delaware Bancshares Inc. Walton, N.Y. | Stamford Bank Corp. N.Y. | 15-May | 21.7 | 1.49 | 31.37 | 93,105 |
| 35 | Central Bancompany Inc. Jefferson City, Mo. | Millstadt Bancshares Inc. Ill. | 13-Jun | 21 | 1.62 | 52.9 | 90,308 |
| 36 | Heritage Oaks Bancorp Paso Robles, Calif. | Business First National Bank Santa Barbara, Calif. | 29-May | 20.8 | 1.72 | 66.47 | 157,337 |
| 37 | State Capital Corp. Greenwood, Miss. | Geneva Bancshares Inc. Ala. | 4-Apr | 20 | 1.35 | 15.42 | 94,116 |
| 38 | First Mutual of Richmond Inc.Ind. | Mutual Bancorp Inc. Sidney, Ohio | 5-Apr | 19.8 | 1.65 | 19.96 | 112,697 |
| 39 | Banner Corp. Walla Walla, Wash. | NCW Community Bank Wenatchee, Wash. | 27-Jun | 18.5 | 2.08 | 19.94 | 89,715 |
| 40 | Prosperity Bancshares Inc. Houston | Bank of Navasota Tex. | 1-May | 17.3 | 1.99 | 15.34 | 73,758 |
| 41 | New Hampshire Thrift Bancshares Inc. Newport | First Community Bank Woodstock, Vt. | 16-Apr | 15.5 | 1.91 | NM | 83,308 |
| 42 | Summit Financial Group Inc. Moorefield, W.Va. | Greater Atlantic Financial Corp. Reston, Va. | 12-Apr | 13.9 | 2.26 | NM | 286,631 |
| 43 | Porter Bancorp Inc. Louisville, Ky. | Ohio County Bancshares Inc. Beaver Dam, Ky. | 16-Jun | 12 | 1.94 | 50.42 | 120,406 |
| 44 | Mesaba Bancshares Inc. Grand Rapids, Minn. | Evergreen Bancshares Inc. Two Harbors, Minn. | 10-May | 10 | 2.97 | 47.05 | 90,280 |
| 45 | FBC Bancorp Inc. Orlando | Prime Bank Melbourne, Fla. | 20-Jun | 6.4 | 0.99 | NM | 43,222 |
| 46 | Northrim BanCorp Inc. Anchorage | Alaska First Bank and Trust Anchorage | 27-Jun | 6.3 | 1 | 24.32 | 59,608 |
| 47 | Hometown Bancshares Inc. Middlebourne, W.Va. | First National Bancorp Inc. St. Marys, W.Va. | 18-May | 6.2 | 1.71 | 22.44 | 36,676 |
| 48 | A.N.B. Holding Co. Ltd. Terrell, Tex. | Bryant-Irvin Bancshares Inc. Benbrook, Tex. | 13-Jun | NA | NA | NA | 161,558 |
| 49 | Bangor Savings Bank Maine | Pepperell Bancshares Financial Group Inc. Biddeford, Maine | 4-Jun | NA | NA | NA | 103,017 |
| 50 | Community Bancshares Inc. McArthur, Ohio | Salt Creek Valley Bancshares Inc. Laurelville, Ohio | 24-Apr | NA | NA | NA | 34,562 |
| 51 | EverBank Financial Corp. Jacksonville, Fla. | NetBank Businesses Alpharetta, Ga. | 18-May | NA | NA | NA | NA |
| 52 | FC Holdings Inc. Houston | First Crockett Bancshares Inc. Tex. | 28-Apr | NA | NA | NA | 148,848 |
| 53 | First State Bancshares Inc. Farmington, Mo. | Progress Bancshares Inc. Sullivan, Mo. | 18-May | NA | NA | NA | 185,637 |
| 54 | First Wyoming Bancorp. Laramie | Western Bank of Cheyenne Wyo. | 3-Jun | NA | NA | NA | 80,006 |
| 55 | Florida Bank Group Inc. Tampa | Cygnet Financial Corp. Ponte Vedra Beach, Fla. | 21-May | NA | NA | NA | 110,737 |
| 56 | Liberty Bancshares Inc. Arnolds Park, Iowa | First Bank and Trust Spirit Lake, Iowa | 24-May | NA | NA | NA | 75,450 |
| 57 | Marthas Vineyard Co-operative Bank of Tisbury Vineyard Haven, Mass. | Dukes County Savings Bank Edgartown, Mass. | 7-Jun | NA | NA | NA | 294,578 |
| 58 | National Bancorp Inc. Schaumburg, Ill. | Antioch Bancshares Inc. Ill. | 21-May | NA | NA | NA | 146,917 |
| 59 | Omaha Financial Holdings Inc. | Peak National Bank Nederland, Colo. | 9-May | NA | NA | NA | 207,613 |
| 60 | Omaha Financial Holdings Inc. | Security Federal Savings Lincoln, Neb. | 23-May | NA | NA | NA | NA |
| 61 | Omaha Financial Holdings Inc. | Midlands Financial Services Inc. Omaha | 29-Jun | NA | NA | NA | 262,285 |
| 62 | Zions Bancorp. Salt Lake City | Intercontinental Bank Shares Corp. San Antonio | 18-Jun | NA | NA | NA | 105,232 |
* Purchased by private equity group.
Source: <font size="2">SNL Financial</font>, Charlottesville, Va.
© 2007 American Banker