Bank and Thrift Merger Deals Announced
May 24, 2005, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Merger Deals Announced
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Published May 24, 2005 | |||||||||||
Rank | Buyer | Seller | Announced | Completed | Price | Price to: | Buyer's assets | Seller's | |||
Equity | 12-mo. net | Assets | Employees | Branches | |||||||
1 | Capital One Financial Corp. McLean, Va. | Hibernia Corp. New Orleans | March 06 | pending | $5,313,229 | 2.64 | 17.48 | $51,959,555 | $22,308,088 | 6,125 | 242 |
2 | Associated Banc-Corp. Green Bay, Wis. | State Financial Services Corp. Milwaukee | March 21 | pending | 276,264 | 2.35 | 19.27 | 16,135,761 | 1,637,448 | 357 | 29 |
3 | Boston Private Financial Holdings Inc. | Gibraltar Financial Corp. Coral Gables, Fla. | April 19 | pending | 245,000 | 3.49 | 15.32 | 3,270,277 | 888,280 | 170 | 5 |
4 | Colonial BancGroup Inc. Montgomery, Ala. | FFLC Bancorp Inc. Leesburg, Fla. | Jan. 18 | pending | 224,691 | 2.61 | 21.97 | 18,191,299 | 1,039,693 | 251 | 16 |
5 | Mercantile Bankshares Corp. Baltimore | Community Bank of Northern Virginia Sterling | Jan. 25 | pending | 211,878 | 3.41 | 23.29 | 14,303,019 | 895,188 | 134 | 13 |
6 | Willow Grove Bancorp Inc. Maple Glen, Pa. | Chester Valley Bancorp Inc. Downingtown, Pa. | Jan. 20 | pending | 151,527 | 2.65 | 22.69 | 975,585 | 644,693 | 167 | 11 |
7 | First Citizens Bancorp. Inc. Columbia, S.C. | Summit Financial Corp. Greenville, S.C. | March 07 | pending | 110,206 | 2.67 | 22.43 | 4,478,206 | 320,938 | 87 | 6 |
8 | Cullen/Frost Bankers Inc. San Antonio | Horizon Capital Bank Houston | April 20 | pending | 107,100 | 3.15 | 32.00 | 9,952,787 | 380,030 | 104 | 5 |
9 | First National Security Co. De Queen, Ark. | First Community Banking Corp. Hot Springs, Ark. | Jan. 21 | pending | 92,396 | 2.06 | 20.26 | 504,592 | 375,809 | 132 | 17 |
10 | Fulton Financial Corp. Lancaster, Pa. | SVB Financial Services Inc. Somerville, N.J. | Jan. 11 | pending | 89,420 | 3.02 | 25.12 | 10,568,816 | 474,902 | 112 | 11 |
11 | PrivateBancorp Inc. Chicago | Bloomfield Hills Bancorp Mich. | April 14 | pending | 64,000 | 3.39 | 19.48 | 2,535,817 | 313,523 | 73 | 3 |
12 | First Community Bancorp Rancho Santa Fe, Calif. | First American Bank Rosemead, Calif. | April 28 | pending | 62,300 | 2.93 | 26.37 | 3,046,854 | 224,519 | 76 | 4 |
13 | Pacific Capital Bancorp Santa Barbara, Calif. | First Bancshares Inc. San Luis Obispo, Calif. | Feb. 28 | pending | 60,829 | 2.98 | 24.16 | 5,805,040 | 279,960 | 85 | 2 |
14 | Capital City Bank Group Inc. Tallahassee | First Alachua Banking Corp. Fla. | Feb. 4 | pending | 57,963 | 2.28 | 22.52 | 1,951,793 | 231,778 | 99 | 8 |
15 | Princeton National Bancorp Inc. Princeton, Ill. | Somonauk FSB Bancorp Inc. Ill. | Feb. 22 | pending | 49,697 | 2.05 | 19.82 | 626,191 | 210,284 | 54 | 4 |
16 | NewAlliance Bancshares Inc. New Haven | Cornerstone Bancorp Inc. Stamford, Conn. | April 13 | pending | 48,156 | 1.98 | 18.93 | 6,264,409 | 219,382 | 59 | 6 |
17 | First California Bank Camarillo | South Coast Bancorp Inc. Irvine, Calif. | Feb. 2 | pending | 36,000 | 2.20 | 12.38 | 283,743 | 146,513 | 33 | 2 |
18 | Security Bank Corp. Macon, Ga. | SouthBank Woodstock, Ga. | Jan. 19 | pending | 35,979 | 2.38 | 31.90 | 1,012,647 | 113,781 | 23 | 1 |
19 | First Busey Corp. Urbana, Ill. | Tarpon Coast Bancorp Inc. Port Charlotte, Fla. | Feb. 24 | pending | 35,565 | 3.05 | 35.11 | 1,965,498 | 138,950 | 57 | 4 |
20 | Exchange National Bancshares Inc. Jefferson City, Mo. | Bank 10 Belton, Mo. | Feb. 28 | May 02 | 33,357 | 2.45 | 17.84 | 884,943 | 171,732 | 73 | 5 |
21 | First Horizon National Corp. Memphis | West Metro Financial Services Dallas, Ga. | March 15 | pending | 32,000 | 2.64 | 48.63 | 28,294,725 | 130,743 | 32 | 2 |
22 | MainSource Financial Group Inc. Greensburg, Ind. | Madison Bank and Trust Co. Madison, Ind. | March 10 | pending | 29,161 | 2.24 | N/M | 1,556,705 | 216,029 | 37 | 6 |
23 | Community Bancorp Inc. Escondido, Calif. | Rancho Bernardo Community Bank San Diego | April 22 | pending | 27,850 | 2.85 | 18.23 | 540,610 | 107,513 | 27 | 1 |
24 | Venture Financial Group Inc. Lacey, Wash. | Washington Commercial Bancorp Redmond, Wash. | April 22 | pending | 25,400 | 2.63 | 21.38 | 556,216 | 103,657 | 26 | 3 |
25 | Coastal Banking Co. Inc. Beaufort, S.C. | First Capital Bank Holding Corp. Fernandina Beach, Fla. | April 06 | pending | 24,747 | 1.40 | 21.72 | 144,764 | 141,799 | 31 | 1 |
26 | Franklin Bank Corp. Houston | Elgin Bank of Texas | Jan. 27 | pending | 23,400 | 2.30 | 37.86 | 3,308,554 | 84,471 | 46 | 3 |
27 | MutualFirst Financial Inc. Muncie, Ind. | Fidelity Federal Savings Bank Marion, Ind. | March 03 | pending | 20,000 | NA | NA | 830,142 | 109,792 | 31 | 3 |
28 | LSB Financial Laconia, N.H. | Village Financial Corp. Gilford, N.H. | April 06 | pending | 18,300 | 2.10 | 25.17 | 766,447 | 77,460 | 24 | 1 |
29 | Home Bancshares Inc. Conway, Ark. | Marine Bancorp Inc. Marathon, Fla. | March 16 | pending | 16,342 | 1.77 | 16.08 | 805,578 | 227,914 | 74 | 7 |
30 | F.N.B. Corp. Hermitage, Pa. | North East Bancshares Inc. North East, Pa. | April 25 | pending | 15,500 | 2.28 | N/M | 5,027,009 | 68,678 | 36 | 4 |
31 | Horizon Bancorp Michigan City, Ind. | Alliance Financial Corp. New Buffalo, Mich. | Feb. 25 | pending | 13,100 | 2.14 | 25.49 | 816,069 | 129,848 | 59 | 5 |
32 | Rurban Financial Corp. Defiance, Ohio | Exchange Bancshares Inc. Luckey, Ohio | April 13 | pending | 12,929 | 1.50 | N/M | 415,827 | 94,869 | 51 | 6 |
33 | Community Trust Bancorp Inc. Pikeville, Ky. | Heritage Community Bank Danville, Ky. | March 15 | pending | 12,200 | 1.34 | N/M | 2,654,927 | 102,892 | 32 | 2 |
34 | Leroy C. Darby Inc. Monona, Iowa | PSB Bancshares Ltd. Postville | Jan. 31 | pending | 11,957 | 1.61 | 24.50 | 138,310 | 60,777 | 10 | 1 |
35 | First Banks Inc. Clayton, Mo. | FBA Bancorp Inc. Chicago | Jan. 10 | April 29 | 10,500 | 1.35 | N/M | 8,724,924 | 74,482 | 45 | 4 |
36 | Iron Horse Bancshares Inc. Mazomanie, Wis. | Community Bancshares Spring Green, Wis. | Feb. 23 | pending | 10,000 | 1.28 | 19.42 | 101,935 | 75,950 | 22 | 2 |
37 | Citizens Community Bancorp Eau Claire, Wis. | Community Plus Savings Bank Rochester Hills, Mich. | Jan. 6 | pending | 9,250 | 2.24 | N/M | 161,980 | 46,430 | 15 | 1 |
38 | Founders Group Inc. Worth, Ill. | Vermilion Bancorp Inc. Danville, Ill. | March 25 | pending | 8,611 | 1.65 | 36.04 | 1,002,665 | 50,253 | 13 | 1 |
39 | Tombigbee Bancshares Inc. Ala. | Sweet Water State Bank Ala. | April 07 | pending | 6,500 | 1.56 | 10.11 | NA | 52,471 | 25 | 3 |
40 | Argentum Capital Management LLC Durham, N.C. | Smith River Community Bank Martinsville, Va. | Jan. 13 | March 23 | 6,500 | 1.46 | 36.72 | NA | 59,463 | 23 | 3 |
41 | First BancTrust Corp. Paris, Ill. | Rantoul First Bank Ill. | April 18 | pending | 4,220 | 1.80 | N/M | 224,683 | 30,926 | 10 | 1 |
42 | Independent Bank Group of Central Texas Inc. McKinney | First FSB Bancshares Inc. Mount Calm, Tex. | March 30 | pending | 3,500 | 1.66 | N/M | 461,753 | 28,152 | 20 | 5 |
43 | Evolve Financial Group Inc. Memphis | Parkin Bancorp Inc. Ark. | March 22 | pending | 2,968 | 5.29 | 24.94 | NA | 22,414 | 13 | 2 |
44 | Abigail Adams National Bancorp Washington | Consolidated Bank and Trust Co. Richmond | Feb. 10 | pending | 2,558 | 0.76 | N/M | 238,819 | 70,559 | 30 | 4 |
45 | Capitol Bancorp Ltd. Lansing, Mich. | Peoples State Bank Jeffersonville, Ga. | Feb. 3 | April 13 | 2,205 | 2.37 | N/M | 3,058,425 | 21,287 | 12 | 1 |
46 | Investor group Tulsa | Healthcare Bancorp Inc. Broken Arrow, Okla. | March 01 | pending | 2,071 | 1.23 | N/M | NA | 26,914 | 16 | 1 |
47 | Mason Bancorp Inc. Tenn. | Bank of Mason Tenn. | Jan. 24 | pending | 2,000 | 2.04 | 76.92 | NA | 7,523 | 4 | 1 |
48 | iTeam Cos. Inc. Brookfield, Wis. | Bank of Kenney Ill. | March 07 | pending | 1,062 | 1.53 | N/M | NA | 4,432 | 3 | 1 |
49 | Republic Bancorp Inc. Munden, Kan. | National Family Bank Munden, Kan. | March 03 | pending | 1,000 | 0.55 | 40.00 | NA | 15,464 | 6 | 3 |
50 | Morrill Bancshares Inc. Merriam, Kan. | Nemaha Investment Co. Atchison, Kan. | Jan. 20 | pending | 986 | 1.32 | 12.97 | 417,781 | 6,099 | 2 | 1 |
51 | First Centralia Bancshares Centralia, Kan. | Corning Investment Co. Atchison, Kan. | Jan. 20 | pending | 975 | 1.43 | 10.60 | 618,781 | 7,015 | 3 | 1 |
52 | Investor group Okla. | Boynton Holding Co. Inc. Muskogee, Okla. | Jan. 25 | pending | 750 | 1.22 | N/M | NA | 8,834 | 10 | 1 |
53 | First Arkansas Bancshares Jacksonville | First Team Bank Heber Springs, Ark. | April 15 | pending | NA | NA | NA | 268,116 | 206,137 | 75 | 12 |
54 | MOW/RPW II Ltd. Victoria, Tex. | Planters and Merchants Bancshares Hearne, Tex. | April 13 | pending | NA | NA | NA | 840,763 | 190,118 | 58 | 3 |
55 | HomeTrust Banking Partnership Clyde, N.C. | Home Savings Bank Eden, N.C. | Feb. 3 | pending | NA | NA | NA | 775,347 | 106,853 | 19 | 2 |
56 | Sunflower Banks Inc. Salina, Kan. | First Fowler Bancorp Inc. Colo. | Jan. 11 | April 07 | NA | NA | NA | 1,127,257 | 64,163 | 33 | 4 |
57 | Corinthian Capital Corp. New York | Surety Capital Corp. Fort Worth | Jan. 18 | pending | NA | NA | NA | NA | 54,330 | 32 | 7 |
58 | First Banks Inc. Clayton, Mo. | Northway State Bank Grayslake, Ill. | April 27 | pending | NA | NA | NA | 8,724,924 | 50,852 | 9 | 1 |
59 | First Bancorp of Durango Inverness, Ill. | Ameribanc Holdings Durango, Colo. | Feb. 22 | pending | NA | NA | NA | 289,094 | 47,009 | 24 | 1 |
60 | Albany Bancshares Inc. Albany, Ill. | Hillsdale Development Corp. Ill. | April 12 | pending | NA | NA | NA | 61,800 | 46,314 | 12 | 2 |
61 | Landmark National Bank Solana Beach, Calif. | Legacy Bank La Jolla, Calif. | April 05 | pending | NA | NA | NA | 68,198 | 35,472 | 11 | 1 |
62 | Signature Bancshares Inc. Olathe, Kan. | Citizens Agency Inc. Haddam, Kan. | April 07 | pending | NA | NA | NA | NA | 12,132 | 5 | 2 |
Source: Highline Banking Data Services (877-305-6657)
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