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Bank and Thrift Merger Deals Announced in 2010

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Bank and Thrift Merger Deals Announced in 2010

Bank and Thrift Merger Deals Announced in 2010Published February 15, 2011

Rank Buyer Target Date of
announcement
Deal
status
Deal
value†
1 Chemical Financial Corp. Midland, Mich. O.A.K. Financial Corp. Byron Center, Mich. Jan. 7 Completed $77.5
2 Investor group Adams Dairy Bank Blue Springs, Mo. Jan. 11 Completed 4.3
3 Management group Bank of Las Colinas Irving, Texas Jan. 15 Pending 4.0
4 Texas State Bankshares Inc. Harlingen Falfurrias State Bank Texas Jan. 19 Completed 4.6
5 First Kansas Bancshares Inc. Hutchinson BankHaven Kan. Jan. 22 Completed NA
6 Premier Commerce Bancorp Downers Grove, Ill. G.R. Bancorp Ltd. Grand Ridge, Ill. Jan. 22 Completed 4.8
7 NHI Financial Services LLC Lincoln, Neb. Community Bank of Lincoln Neb. Jan. 27 Completed 3.7
8 National Australia Bank Ltd. Melbourne F&M Bank-Iowa Central Marshalltown, Iowa Jan. 29 Completed 50.0
9 Investor group First Southern Bancorp Inc. Boca Raton, Fla. Feb. 2 Completed NA
10 Green Dot Corp. Monrovia, Calif. Bonneville Bancorp Provo, Utah Feb. 4 Pending 15.7
11 Investor group In Illinois Grand Rivers Community Bank Grand Chain, Ill. Feb. 8 Completed NA
12 Steele Holdings Inc. Tyler, Texas American State Bank Arp, Texas Feb. 9 Completed 25.8
13 Aslin Capital I LLC Cape Haze, Fla. 1st Financial Bank Overland Park, Kan. Feb. 12 Completed NA
14 SKBHC Holdings LLC Corona Del Mar, Calif. Starbuck Bancshares Inc. Minn. Feb. 12 Completed NA
15 Rabobank Nederland Utrecht, Netherlands Napa Community Bank Calif. Feb. 16 Completed 30.3
16 Veritex Holdings Inc. Dallas Professional Capital Inc. Dallas March 2 Completed 20.0
17 SBM Financial Inc. Gardiner, Maine Savings Bank of Maine MHC Gardiner March 10 Completed NA
18 Investor group in Utah Community Bancorp. Pleasant Grove, Utah March 12 Completed NA
19 Management group USNY Bank Geneva, N.Y. March 15 Completed 2.7
20 Ovation Holdings Inc. National Bank of Southwest Florida Port Charlotte March 15 Completed 9.9
21 Roma Financial Corp. MHC Robbinsville, N.J. Sterling Banks Inc. Mount Laurel, N.J. March 17 Completed 14.7
22 Private investors Forethought Federal Savings Bank Batesville, Ind. March 24 Pending NA
23 Security State Bank Pearsall, Texas Medina Valley State Bank Devine, Texas March 26 Completed NA
24 Commercial Bancshares Corp. Frontenac, Mo. CenTrust Financial Inc. Northbrook, Ill. March 29 Pending NA
25 Riley County Bancshares Inc. Riley, Kan. Wakefield Bancshares Inc. Kan. March 29 Completed NA
26 FHB Formation LLC Boston Northeast Bancorp Lewiston, Maine March 30 Completed 12.9
27 Investor group Green Bancorp Inc. Houston March 31 Completed NA
28 Bank of New York Mellon Corp. ARCUS Bank Salt Lake City April 3 Completed NA
29 Hometown Community Bancorp Inc. Morton, Ill. TSB Financial Inc. Tremont, Ill. April 7 Completed NA
30 Dentel Bancorp. Victor, Iowa Panora State Bank Iowa April 13 Completed 8.3
31 Verus Acquisition Group Inc. Fort Collins, Colo. Fort Collins Commerce Bank Colo. April 16 Completed NA
32 Verus Acquisition Group Inc. Fort Collins, Colo. Larimer Bank of Commerce Fort Collins, Colo. April 16 Completed NA
33 Verus Acquisition Group Inc. Fort Collins, Colo. Loveland Bank of Commerce Colo. April 16 Completed NA
34 Donegal Group Inc. Marietta, Pa. Union National Financial Corp. Lancaster, Pa. April 19 Renegotiation 25.2
35 Millbrook Bank System Inc. N.Y. SNB Bancorp Inc. Pine Plains, N.Y. April 20 Completed 6.0
36 Independent Bank Group Inc. McKinney, Texas Town Center Bank Coppell, Texas April 22 Completed NA
37 Wilber Co. Lincoln, Neb. Farmers Bank & DeWitt State Bank in Nebraska April 23 Completed NA
38 Cordia Bancorp Washington Bank of Virginia Midlothian April 26 Completed NA
39 Investor group Sterling Financial Corp. Spokane April 26 Completed NA
40 Bank Management Inc. Wahoo, Neb. First National Bank and Trust of Syracuse Neb. April 27 Completed 7.0
41 Investor group in Michigan West Michigan Community Bank Hudsonville April 27 Pending 10.9
42 Ford Financial Fund L.P. Pacific Capital Bancorp Santa Barbara, Calif. April 29 Completed NA
43 Protection Bank Holding Co. Inc. Kan. Coldwater Native Bank Kan. April 29 Completed NA
44 215 Holding Co. Minneapolis White Rock Bank Cannon Falls, Minn. May 1 Completed 1.3
45 Texas Banc Financial Corp. Fort Worth The Bank Weatherford, Texas May 4 Completed 4.3
46 Bank of Princeton N.J. MoreBank Philadelphia May 5 Completed 5.5
47 Independent Bank Group Inc. McKinney, Texas Farmersville Bancshares Inc. Texas May 7 Completed NA
48 Investor group Jacksonville Bancorp Inc. Fla. May 10 Completed NA
49 Jacksonville Bancorp Inc. Fla. Atlantic BancGroup Inc. Jacksonville Beach, Fla. May 10 Completed 2.8
50 Allcorp Inc. Little Rock Community State Bancshares Inc. Bradley, Ark. May 12 Completed 3.1
51 Central Banco. Inc. Jefferson City, Mo. Union Savings Bancshares Inc. Sedalia, Mo. May 12 Pending NA
52 HCBF Holding Co. Inc. West Palm Beach, Fla. First Bank and Trust Co. of Indiantown Fla. May 12 Pending 12.0
53 Toronto-Dominion Bank Toronto South Financial Group Inc. Greenville, S.C. May 16 Completed 191.6
54 Shay Investment Services Inc. Miami Texas Country Bank Lakeway May 17 Completed 4.5
55 HomeTrust Bank Clyde, N.C. Cherryville Federal Savings & Loan Association N.C. May 20 Completed NA
56 Investor group Hampton Roads Bankshares Inc. Norfolk May 23 Completed NA
57 Investor group Palmetto Bancshares Inc. Greenville, S.C. May 25 Completed NA
58 Kearny Financial Corp. MHC Fairfield, N.J. Central Jersey Bancorp Oakhurst May 25 Completed 72.3
59 Woori Finance Holdings Co. Ltd. Seoul Hanmi Financial Corp. Los Angeles May 25 Pending NA
60 First Peoples Bancorp Inc. Jefferson City, Tenn. First Peoples Bank of Tennessee Jefferson City May 26 Completed 5.8
61 Flint Hills Bancshares Inc. Gridley, Kan. First National Bank of Le Roy Kan. May 26 Completed 5.5
62 Investor group in Rancho Santa Fe, Calif. First Chicago Bancorp May 29 Pending NA
63 Management group La Plata Bancshares Inc. Hereford, Texas June 2 Completed NA
64 Management group in San Francisco Bank of San Francisco June 3 Completed 6.6
65 John Falkner (private investor) Myakka City, Fla. First Resource Bank Savage, Minn. June 7 Completed NA
66 Community Trust Bancorp Inc. Pikeville, Ky. LaFollette First National Corp. Tenn. June 8 Completed 16.1
67 Austin Bancorp Inc. Jacksonville, Texas Frankston Bancorp Inc. Texas June 9 Completed 20.3
68 USAmeriBancorp Inc. Largo, Fla. Aliant Financial Corp. Alexander City, Ala. June 15 Pending NA
69 Friendswood Capital Corp. Texas Bank of Fort Bend Sugar Land, Texas June 17 Pending NA
70 Industry Bancshares Inc. Texas First National Bank of Shiner Texas June 17 Completed 19.2
71 Charles Investment Group LLC Birmingham, Ala. Americus Financial Services Inc. Birmingham, Ala. June 18 Completed NA
72 First Holding Co. of Park River Inc. N.D. First Sharon Holding Co. Inc. Aneta, N.D. June 18 Pending NA
73 Investor group First National Bank of Scottsdale Ariz. June 18 Completed 4.8
74 Margaret Morton (private investor) Eden Prairie, Minn. Vision Bancshares Inc. St. Louis Park, Minn. June 21 Pending 3.5
75 Western Investment Group LLC Curtis, Neb. Curtis Bancorp. Inc. Neb. June 21 Completed NA
76 WSFS Financial Corp. Wilmington, Del. Christiana Bank & Trust Co. Greenville, Del. June 23 Completed 34.5
77 FRB Investments Inc. Denver OMEGA Capital Corp. Centennial, Colo. June 25 Pending 3.1
78 Eastern Bank Corp. Boston Wainwright Bank & Trust Co. Boston June 28 Completed 162.8
79 North American Financial Holdings Inc. Jacksonville, Fla. TIB Financial Corp. Naples, Fla. June 29 Completed NA
80 Sulphur Springs Bancshares Inc. Texas First Mineola Inc. Texas June 29 Pending 4.8
81 Central Banco. Inc. Jefferson City, Mo. Citizens National Bank of Springfield Mo. June 30 Completed NA
82 Investor group State Bank of Leon, Kan. June 30 Pending 1.5
83 Investor group Northern State Bank Closter, N.J. July 1 Completed NA
84 Peoples Bancorp Inc. Prairie Du Chien, Wis. Woodhouse & Bartley Bank Bloomington, Wis. July 2 Completed NA
85 NBH Holdings Corp. Boston Bank Midwest's operations in Kansas City, Mo. July 6 Completed NA
86 Farmers Enterprises Inc. Great Bend, Kan. First National Bank & Trust Co. in Larned Kan. July 7 Completed NA
87 Investor group Sun Bancorp Inc. Vineland, N.J. July 7 Completed NA
88 BancFirst Corp. Oklahoma City Union National Bancshares Inc. Chandler, Okla. July 13 Completed 18.2
89 Grandpoint Bank Santa Ana, Calif. First Commerce Bancorp Encino, Calif. July 14 Completed 43.2
90 SCJ Inc. Irvine, Calif. Professional Business Bank Pasadena, Calif. July 14 Completed NA
91 FSC Bancshares Inc. Cameron, Mo. Fairfax Bancshares Inc. Mo. July 15 Completed NA
92 People's United Financial Inc. Bridgeport, Conn. Smithtown Bancorp Inc. Hauppauge, N.Y. July 15 Completed 60.1
93 People's United Financial Inc. Bridgeport, Conn. LSB Corp. North Andover, Mass. July 15 Completed 95.9
94 TowneBank Portsmouth, Va. Banking operations in North Carolina July 15 Completed 10.0
95 Liberty Bank Middletown, Conn. Connecticut River Community Bank Wethersfield July 23 Completed 16.1
96 Private investors Security Federal Corp. Aiken, S.C. July 26 Pending NA
97 First State Associates Inc. Hawarden, Iowa Farmers State Holding Co. Marion, S.D. Aug. 3 Completed 6.8
98 Charles Beach III (private investor) Beattyyille, Ky. Genbeach Co. Inc. Beattyville, Ky. Aug. 9 Pending 0.8
99 F.N.B. Corp. Hermitage, Pa. Comm Bancorp Inc. Clarks Summit, Pa. Aug. 9 Completed 67.8
100 Everest Bancshares Inc. Kan. Bancshares of McLouth Inc. Kan. Aug. 10 Completed 8.7
101 Leesburg Federal Savings Bank Ohio Home Builders Association Lynchburg, Ohio Aug. 16 Pending NA
102 Investor group Southern Arizona Community Bank Tucson Aug. 17 Completed 12.5
103 First Niagara Financial Group Inc. Buffalo NewAlliance Bancshares Inc. New Haven Aug. 18 Pending 1,498.0
104 OneCalifornia Bancorp Inc. Oakland ShoreBank Pacific Ilwaco, Wash. Aug. 19 Completed NA
105 Narragansett Financial Corp. Fall River, Mass. Bank of Fall River Mass. Aug. 20 Completed NA
106 Hometown Community Bancorp Inc. Morton, Ill. CSBC Financial Corp. Cropsey, Ill. Aug. 23 Completed 2.1
107 Private investors First Bank of the Lake Osage Beach, Mo. Aug. 23 Completed 5.0
108 California United Bank Encino California Oaks State Bank Thousand Oaks Aug. 24 Completed 17.3
109 Customers USA Bank Phoenixville, Pa. Berkshire Bancorp Inc. Wyomissing, Pa. Aug. 24 Pending NA
110 Investor group Royal Asian Bank Philadelphia Aug. 25 Completed 12.3
111 Henderson Texas Bancshares Inc. Prosper Bancshares Inc. Texas Aug. 26 Pending NA
112 Stonegate Bank Fort Lauderdale, Fla. Southwest Capital Bancshares Inc. Fort Myers, Fla. Aug. 30 Pending 12.2
113 Geneva State Co. Neb. Fairmont Farmers State Co. Neb. Aug. 31 Completed NA
114 Pinnacle Bancorp Inc. Central City, Neb. American National Bank of Fremont Neb. Aug. 31 Completed NA
115 Old Line Bancshares Inc. Bowie, Md. Maryland Bankcorp Inc. Lexington Park Sep. 1 Pending 19.8
116 BancFirst Corp. Oklahoma City Exchange Bancshares of Moore Inc. Okla. Sep. 2 Completed NA
117 Investor group Prosperity Bank St. Augustine, Fla. Sep. 2 Pending NA
118 Investor group in New Jersey Colonial American Bank Horsham, Pa. Sep. 2 Pending NA
119 First Federal Savings and Loan Association of Lakewood Ohio Century Bank Parma, Ohio Sep. 3 Completed NA
120 Investor group Bay Cities National Bank Redondo Beach, Calif. Sep. 7 Completed NA
121 First Financial Bankshares Inc. Abilene, Texas Sam Houston Financial Corp. Huntsville, Texas Sep. 8 Completed 22.2
122 BankFinancial Corp. Burr Ridge, Ill. DG Bancorp Inc. Downers Grove, Ill. Sep. 13 Pending 2.0
123 Investor group Tri-Valley Bank San Ramon, Calif. Sep. 13 Pending 1.2
124 First General Bank Rowland Heights, Calif. American Premier Bancorp Arcadia, Calif. Sep. 15 Pending NA
125 Glaass Financial LLC Exeter, Neb. First National Bank in Exeter Neb. Sep. 17 Completed NA
126 Bigfork Bancshares Inc. Minn. Kelliher Bancshares Inc. Minn. Sep. 18 Completed NA
127 Rigler Investment Co. New Hampton, Iowa State Bank & Trust Co. Waverly, Iowa Sep. 24 Completed 30.2
128 Carlile Bancshares Inc. Fort Worth Treaty Oak Bank Austin Sep. 27 Pending 7.6
129 BancFirst Corp. Oklahoma City OK Bancorp. Inc. Okemah, Okla. Sep. 30 Completed NA
130 Investor group First Bank of Greenwich Cos Cob, Conn. Oct. 1 Pending NA
131 PFGBI LLC McDonough, Ga. Montgomery County Bankshares Inc. Ailey, Ga. Oct. 2 Completed NA
132 Private investors in Canton, Ga. First Cherokee Bancshares Inc. Woodstock, Ga. Oct. 2 Pending NA
133 German American Bancorp Inc. Jasper, Ind. American Community Bancorp Inc. Evansville, Ind. Oct. 4 Completed 30.0
134 Investor group American Bancshares Inc. Baxter Springs, Kan. Oct. 5 Completed NA
135 Old National Bancorp Evansville, Ind. Monroe Bancorp Bloomington, Ind. Oct. 5 Completed 90.5
136 Community Bancorp Inc. Chanute, Kan. First State Bank Arma, Kan. Oct. 6 Completed 1.3
137 Community Bancorp LLC Houston Cadence Financial Corp. Starkville, Miss. Oct. 6 Pending 68.8
138 Frandsen Financial Corp. Arden Hills, Minn. Island Financial Corp. Bird Island, Minn. Oct. 8 Completed 5.2
139 Ida Grove Bancshares Inc. Iowa Moorhead State Bank, Iowa Oct. 8 Completed NA
140 Jason A. Awad (private investor) Las Vegas 1st Commerce Bank North Las Vegas Oct. 8 Pending NA
141 Berkshire Hills Bancorp Inc. Pittsfield, Mass. Rome Bancorp Inc. N.Y. Oct. 12 Pending 73.3
142 Cheviot Financial Corp. MHC Ohio First Franklin Corp. Cincinnati Oct. 12 Pending 24.6
143 River Holding Co. Stoddard, Wis. Community Business Bancshares Inc. Sauk City, Wis. Oct. 13 Completed 0.7
144 Chemung Financial Corp. Elmira, N.Y. Fort Orange Financial Corp. Albany, N.Y. Oct. 14 Pending 28.8
145 Vogel Bancshares Inc. Orange City, Iowa Farmers Savings Bank Remsen, Iowa Oct. 15 Completed 15.3
146 Carlile Bancshares Inc. Fort Worth Community State Bank Austin Oct. 19 Pending 3.3
147 Modern Capital Partners L.P. New York Madison National Bancorp Inc. Hauppauge, N.Y. Oct. 20 Pending 33.8
148 Veritex Holdings Inc. Dallas Fidelity Resources Co. Plano, Texas Oct. 20 Pending NA
149 First Guaranty Bancshares Inc. Hammond, La. Greensburg Bancshares Inc. La. Oct. 21 Pending 5.3
150 Community Bank System Inc. De Witt, N.Y. Wilber Corp. Oneonta, N.Y. Oct. 22 Pending 101.8
151 Banner County Ban Corp. Harrisburg, Neb. First State Bank Beaver City, Neb. Oct. 25 Pending NA
152 Management group Evansville Commerce Bank Ind. Oct. 26 Pending NA
153 Brookline Bancorp Inc. Mass. First Ipswich Bancorp Mass. Oct. 27 Pending 19.0
154 SKBHC Holdings LLC Corona Del Mar, Calif. AmericanWest Bank Spokane Oct. 27 Completed 6.5
155 Bedison Bancshares Inc. Platte City, Mo. Citizens Bank of Oregon Mo. Oct. 28 Pending 1.6
156 Bay Commercial Bank Walnut Creek, Calif. Charter Oak Bank Napa, Calif. Oct. 31 Pending 2.3
157 M&T Bank Corp. Buffalo Wilmington Trust Corp. Del. Oct. 31 Pending 351.3
158 North American Financial Holdings Inc. Charlotte Capital Bank Corp. Raleigh Nov. 3 Pending NA
159 Bertram BancShares Inc. Texas Farmers State Bank Bertram, Texas Nov. 4 Pending 5.7
160 Commercial Bancshares Inc. El Campo, Texas El Campo Bancshares Inc. El Campo, Texas Nov. 4 Pending 7.6
161 Frontier Management LLC Omaha Arsebeco Inc. Falls City, Neb. Nov. 18 Pending NA
162 Piedmont Community Bank Holdings Inc. Raleigh Community Bank of Rowan Salisbury, N.C. Nov. 19 Pending 10.0
163 James Wang (private investor) Villanova, Pa. Asian Financial Corp. Philadelphia Nov. 23 Pending 5.1
164 Merton Allan Lund (private investor) Sioux Falls, S.D. First Midwest Bank Centerville, S.D. Nov. 30 Pending 0.4
165 Nara Bancorp Inc. Los Angeles Center Financial Corp. Los Angeles Dec. 9 Pending 286.3
166 C.S.B. Co. Cozad, Neb. FNS Inc. Schuyler, Neb. Dec. 14 Pending NA
167 Norwood Financial Corp. Honesdale, Pa. North Penn Bancorp Inc. Scranton, Pa. Dec. 14 Pending 27.5
168 American National Bankshares Inc. Danville, Va. MidCarolina Financial Corp. Burlington, N.C. Dec. 15 Pending 38.7
169 United Bankshares Inc. Charleston, W.Va. Centra Financial Holdings Inc. Morgantown, W.Va. Dec. 15 Pending 185.4
170 Citizens National Bancshares of Bossier Inc. Bossier City, La. Citizens Bankshares of Springhill Inc. La. Dec. 16 Pending NA
171 BMO Financial Group Toronto Marshall & Ilsley Corp. Milwaukee Dec. 17 Pending 5,799.0
172 Berkshire Hills Bancorp Inc. Pittsfield, Mass. Legacy Bancorp Inc. Pittsfield, Mass. Dec. 21 Pending 112.8
173 Hancock Holding Co. Gulfport, Miss. ‡ Whitney Holding Corp. New Orleans Dec. 21 Pending 1,768.4
174 Liberty Bancshares Inc Springfield, Mo. Village Bank Springfield, Mo. Dec. 23 Pending NA
175 First Prestonsburg Bancshares Inc. Ky. Short Holding Co. Hagerhill, Ky. Dec. 30 Pending NA
176 Hometown Bank Webster, Mass. Athol-Clinton Co-operative Bank Athol, Mass. Dec. 31 Pending NA

† Based on value of deal at announcement. Dollars in millions.
‡ Hancock Holding's pending acquisition of Whitney Holding are presented net of $300 million in TARP obligations assumed in connection with the agreement.
Source:

SNL Financial
, Charlottesville, Va.
© 2011 American Banker

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