Bank and Thrift Merger Deals Announced in 2010
February 14, 2011, 10:37 p.m. EST 1 Min Read
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Bank and Thrift Merger Deals Announced in 2010
Bank and Thrift Merger Deals Announced in 2010Published February 15, 2011 | |||||
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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