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Bank and Thrift Merger Deals Announced

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Bank and Thrift Merger Deals Announced

Bank and Thrift Merger Deals Announced
In 2005 through April 30. Ranked by price. Dollars in thousands
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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