Bank and Thrift Merger Deals Announced in the First Half of 2013
August 09, 2013, 4:40 p.m. EDT 1 Min Read
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Bank and Thrift Merger Deals Announced in the First Half of 2013
Bank and Thrift Merger Deals Announced in the First Half of 2013Ranked by announcement date | ||||||||
|---|---|---|---|---|---|---|---|---|
| Rank | Buyer | Target | Date of announcement | Status of Deal | Deal value at: | Price to: | ||
| Announcement ($ millions) | Completion ($ millions) | Book value (%) | LTM Earnings (x) | |||||
| 1 | State Bankshares Inc. Fargo, N.D. | Business Bancorp. Inc. Minnetonka, Minn. | Jan. 7 | Completed; March 31 | NA | NA | NA | NA |
| 2 | RBB Bancorp Los Angeles | Los Angeles National Bank Buena Park, Calif. | Jan. 8 | Completed; May 17 | NA | NA | NA | NA |
| 3 | Grace Investment Co. Inc. Alva, Okla. | First Kiowa Bancshares Inc. Kan. | Jan. 9 | Completed; April 12 | 7.6 | 7.6 | 124.7 | 11.5 |
| 4 | Investor group | Grand Savings Bank Grove, Okla. | Jan. 15 | Completed; April 1 | 21.8 | 21.8 | 127.0 | 12.8 |
| 5 | Midwest Banco Corp. Cozad, Neb. | FNB Financial Services Inc. Cambridge, Neb. | Jan. 15 | Completed; May 31 | NA | NA | NA | NA |
| 6 | Liberty Bank Middletown, Conn. | Southern Connecticut Bancorp Inc. New Haven | Jan. 16 | Completed; June 21 | 10.6 | 10.6 | 88.7 | NM |
| 7 | Renasant Corp. Tupelo, Miss. | First M&F Corp. Kosciusko, Miss. | Jan. 16 | Pending | 151.0 | NA | 121.4 | 21.6 |
| 8 | Western Alliance Bancorp. Phoenix | Centennial Bank Fountain Valley, Calif. | Jan. 18 | Completed; April 30 | 57.5 | 57.5 | 65.8 | 9.6 |
| 9 | Richard Tan (private investor) Hong Kong | California Business Bank Los Angeles | Jan. 21 | Pending | NA | NA | NA | NA |
| 10 | Wintrust Financial Corp. Rosemont, Ill. | First Lansing Bancorp Inc. Ill. | Jan. 22 | Completed; May 1 | 38.5 | 38.5 | 94.1 | 35.7 |
| 11 | Investar Bank Baton Rouge | First Community Bank Hammond, La. | Jan. 25 | Completed; May 1 | 4.6 | 4.6 | 68.9 | NM |
| 12 | J & B Financial Holdings Inc. Minneapolis | Mills Resolute Bank Sanborn, Minn. | Jan. 25 | Pending | NA | NA | NA | NA |
| 13 | Pacific Premier Bancorp Inc. Irvine, Calif. | San Diego Trust Bank | Jan. 28 | Completed; June 25 | 31.1 | 30.8 | 112.9 | 17.2 |
| 14 | Lakeland Bancorp Inc. Oak Ridge, N.J. | Somerset Hills Bancorp Bernardsville, N.J. | Jan. 28 | Completed; May 31 | 65.7 | 67.3 | 152.0 | 19.5 |
| 15 | One PacificCoast Foundation Oakland, Calif. | Albina Community Bank Portland, Ore. | Jan. 28 | Pending | NA | NA | NA | NA |
| 16 | Ameris Bancorp Moultrie, Ga. | Prosperity Banking Co. St. Augustine, Fla. | Jan. 29 | Pending | 16.0 | NA | 89.3 | 13.7 |
| 17 | F.N.B. Corp. Hermitage, Pa. | PVF Capital Corp. Solon, Ohio | Jan. 29 | Pending | 109.6 | NA | 141.4 | 22.4 |
| 18 | United Bankshares Inc. Charleston, W.Va. | Virginia Commerce Bancorp Inc. Arlington | Jan. 29 | Pending | 494.7 | NA | 183.2 | 16.4 |
| 19 | Pinnacle Bancorp Inc. Central City, Neb. | New West Bank Greeley, Colo. | Jan. 30 | Completed; May 1 | NA | NA | NA | NA |
| 20 | Tri-County Financial Group Inc. Mendota, Ill. | Lincoln Bancorp Inc. Rochelle, Ill. | Feb. 4 | Completed; June 21 | NA | NA | NA | NA |
| 21 | HopFed Bancorp Inc. Hopkinsville, Ky. | Sumner Bank & Trust Gallatin, Tenn. | Feb. 11 | Pending | 14.3 | NA | 117.4 | 12.9 |
| 22 | CNB Financial Corp. Clearfield, Pa. | FC Banc Corp. Bucyrus, Ohio | Feb. 12 | Pending | 40.5 | NA | 117.2 | 11.6 |
| 23 | Investor group | U.S. Century Bank Doral, Fla. | Feb. 12 | Pending | NA | NA | NA | NA |
| 24 | Webster City Federal Bancorp (MHC) Iowa | Independence Federal Bank For Savings Independence, Iowa | Feb. 13 | Pending | NA | NA | NA | NA |
| 25 | Southern BancShares (N.C.) Inc. Mount Olive | Heritage Bancshares Inc. Lucama, N.C. | Feb. 14 | Completed; July 1 | 19.0 | 21.6 | 62.6 | 21.7 |
| 26 | Princeton Capital Holdings LLC West Trenton, N.J. | Bank of Maumee Ohio | Feb. 15 | Pending | 0.8 | NA | 107.4 | NM |
| 27 | SCBT Financial Corp. Columbia, S.C. | First Financial Holdings Inc. Charleston, S.C. | Feb. 19 | Pending | 298.6 | NA | 127.2 | 10.4 |
| 28 | First Scottsdale Bank Ariz. | Commerce Bank of Arizona Inc. Tucson | Feb. 20 | Pending | 8.6 | NA | 41.4 | NM |
| 29 | DS Holding Co. Inc. Omaha | Ashland Bancshares Inc. Omaha | Feb. 21 | Pending | NA | NA | NA | NA |
| 30 | Farmers and Merchants Bank of Kendall Wis. | Community State Bank Norwalk, Wis. | Feb. 25 | Completed; June 8 | NA | NA | NA | NA |
| 31 | Glacier Bancorp Inc. Kalispell, Mont. | Wheatland Bankshares Inc. Wyo. | Feb. 25 | Completed; May 31 | 38.8 | 43.4 | 149.6 | 11.3 |
| 32 | Bond Street Holdings Inc. Weston, Fla. | Atlantic Coast Financial Corp. Jacksonville, Fla. | Feb. 25 | Terminated; June 24 | 13.1 | NA | 30.5 | NM |
| 33 | ST Financial Group Inc. College Station, Texas | Peoples Bank Colleyville, Texas | March 3 | Completed; July 12 | NA | NA | NA | NA |
| 34 | SI Financial Group Inc. Willimantic, Conn. | Newport Bancorp Inc. R.I. | March 5 | Pending | 63.9 | NA | 115.8 | 41.0 |
| 35 | CBFH Inc. Beaumont, Texas | VB Texas Inc. Houston | March 6 | Pending | 76.8 | NA | 91.1 | 17.1 |
| 36 | Riverview Financial Corp. Halifax, Pa. | Union Bancorp Inc. Pottsville, Penn. | March 7 | Pending | 10.1 | NA | 94.3 | NM |
| 37 | Heritage Financial Corp. Olympia, Wash. | Valley Community Bancshares Inc. Puyallup, Wash. | March 11 | Completed; July 15 | 44.0 | 46.2 | 146.1 | 24.3 |
| 38 | Midland States Bancorp Inc. Effingham, Ill. | Grant Park Bancshares Inc. Ill. | March 11 | Completed; June 5 | NA | NA | NA | NA |
| 39 | Management group | Trust Co. Bank Mason, Tenn. | March 11 | Pending | NA | NA | NA | NA |
| 40 | Community Bank Holdings of Texas Inc. Corsicana | Mineral Wells Bancshares Inc. Texas | March 14 | Completed; July 15 | NA | NA | NA | NA |
| 41 | CBTCO Bancorp Columbus, Neb. | Bradley Bancorp Columbus, Neb. | March 17 | Completed; July 1 | 12.3 | 12.3 | 126.6 | 20.5 |
| 42 | First Trust Financial Corp. Clinton, Ky. | Ballard Kevil Bancorp Inc. Kevil, Ky. | March 19 | Completed; June 5 | 5.8 | 5.8 | 127.5 | 50.8 |
| 43 | Generations Community Bancorp Inc. Chicago | Highland Community Bank Chicago | March 19 | Pending | NA | NA | NA | NA |
| 44 | Puget Sound Bank Bellevue, Wash. | Core Business Bank Bellevue, Wash. | March 20 | Completed; June 14 | 8.4 | 8.4 | 131.7 | NM |
| 45 | 1st United Bancorp Inc. Boca Raton, Fla. | Enterprise Bancorp Inc. North Palm Beach, Fla. | March 22 | Completed; July 1 | 44.0 | 45.8 | 117.4 | 20.7 |
| 46 | Municipal Employees Credit Union of Baltimore Inc. | Advance Bank Baltimore, Md. | March 22 | Pending | NA | NA | NA | NA |
| 47 | Henderson Citizens Bancshares Inc. Texas | East Texas National Bank of Palestine | March 27 | Completed; June 3 | NA | NA | NA | NA |
| 48 | Bryn Mawr Bank Corp. Pa. | MidCoast Community Bancorp Inc. Wilmington, Del. | March 27 | Pending | 31.5 | NA | 148.2 | 51.6 |
| 49 | Glacier Bancorp Inc. Kalispell, Mont. | North Cascades Bancshares Inc. Chelan, Wash. | March 27 | Pending | 29.3 | NA | 103.8 | 20.4 |
| 50 | Luis Chang (private investor) Englewood Cliffs, N.J. | Parkway Bank Lenoir, N.C. | March 27 | Terminated; April 26 | NA | NA | NA | NA |
| 51 | Commercial Bancshares Inc. Humble, Texas | City State Bancshares Inc. Palacios, Texas | March 28 | Pending | 5.8 | NA | 96.0 | 11.7 |
| 52 | Guaranty Bancshares Inc. Mount Pleasant, Texas | First State Bank Hallsville, Texas | March 29 | Pending | NA | NA | NA | NA |
| 53 | Wildcat Bancshares Inc. Springfield, Mo. | CBR Bancshares Corp. Rogersville, Mo. | March 31 | Pending | 6.4 | NA | 143.6 | NM |
| 54 | BOR Bancorp Rothville, Mo. | Napoleon Bank Mo. | April 2 | Completed; June 21 | NA | NA | NA | NA |
| 55 | New Hampshire Thrift Bancshares Inc. Newport | Central Financial Corp. Randolph, Vt. | April 3 | Pending | 14.4 | NA | 99.6 | 32.2 |
| 56 | Provident New York Bancorp Montebello | Sterling Bancorp New York | April 3 | Pending | 343.1 | NA | 150.4 | 17.1 |
| 57 | First Farmers Financial Corp. Converse, Ind. | Bank of Indiana Dana | April 5 | Pending | NA | NA | NA | NA |
| 58 | Investors Bancorp Inc. (MHC) Short Hills, N.J. | Gateway Community Financial Corp. Sewell, N.J. | April 5 | Pending | NA | NA | NA | NA |
| 59 | R Corp Financial Round Rock, Texas | Bertram Bancshares Inc. Texas | April 12 | Pending | 4.3 | NA | 133.7 | 31.8 |
| 60 | BBCN Bancorp Inc. Los Angeles | Foster Bankshares Inc. Rolling Meadows, Ill. | April 15 | Pending | 4.6 | NA | 56.2 | NM |
| 61 | CrossFirst Holdings LLC Leawood, Kan. | Tulsa National Bancshares Inc. | April 18 | Pending | 26.6 | NA | 142.2 | NM |
| 62 | Triumph Consolidated Cos. LLC Dallas | National Bancshares Inc. Bettendorf, Iowa | April 19 | Pending | NA | NA | NA | NA |
| 63 | Union Holding Co. Halliday, N.D. | First Wilton Bancshares Ltd. N.D. | April 19 | Pending | NA | NA | NA | NA |
| 64 | Sigma Holdings Inc. Little Rock | Bank of Rison Ark. | April 22 | Pending | 3.9 | NA | 94.5 | NM |
| 65 | Royalty Bancshares Inc. Weatherford, Texas | Miami Bancshares Inc. Texas | April 23 | Pending | NA | NA | NA | NA |
| 66 | Dacotah Banks Inc. Aberdeen, S.D. | Donnelly Bancshares Inc. Morris, Minn. | April 24 | Pending | NA | NA | NA | NA |
| 67 | HCBF Holding Co. Inc. Fort Pierce, Fla. | BSA Financial Services Inc. St. Augustine, Fla. | April 26 | Pending | NA | NA | NA | NA |
| 68 | BNC Bancorp High Point, N.C. | Randolph Bank & Trust Co. Asheboro, N.C. | April 29 | Pending | 19.1 | NA | 61.4 | NM |
| 69 | Sterling Financial Corp. Spokane | Commerce National Bank Newport Beach, Calif. | May 2 | Pending | 42.9 | NA | 133.4 | 24.4 |
| 70 | HomeTrust Bancshares Inc. Asheville, N.C. | BankGreenville Financial Corp. S.C. | May 3 | Pending | 8.7 | NA | 92.8 | 66.0 |
| 71 | Merchants Bancorp Carmel, Ind. | CITBA Financial Corp. Mooresville, Ind. | May 8 | Pending | NA | NA | NA | NA |
| 72 | First Merchants Corp. Muncie, Ind. | CFS Bancorp Inc. Munster, Ind. | May 13 | Pending | 114.7 | NA | 101.3 | 20.2 |
| 73 | Mitsubishi UFJ Financial Group Inc. Chiyoda, Japan | Certain assets and deposits of First Bank Association Bank Services Vallejo, Calif. | May 13 | Pending | NA | NA | NA | NA |
| 74 | Central Federal Savings and Loan Association of Chicago | Columbus Savings Bank Chicago | May 14 | Pending | NA | NA | NA | NA |
| 75 | Independent Bank Corp. Rockland, Mass. | Mayflower Bancorp Inc. Middleboro, Mass. | May 14 | Pending | 37.4 | NA | 163.5 | 25.4 |
| 76 | Commerce Bancshares Inc. Kansas City, Mo. | Summit Bancshares Inc. Tulsa | May 15 | Pending | 40.6 | NA | 174.6 | 18.7 |
| 77 | Goldthwaite Bancshares Inc. Texas | First National Bancshares of Hico Inc. Texas | May 21 | Pending | NA | NA | NA | NA |
| 78 | Home BancShares Inc. Conway, Ark. | Liberty Bancshares Inc. Jonesboro, Ark. | May 21 | Pending | 280.0 | NA | 106.3 | 12.7 |
| 79 | Jacob M. Safra (private investor) | T. Rowe Price Savings Bank Baltimore | May 23 | Pending | 24.0 | NA | 99.9 | NM |
| 80 | Banco de Credito e Inversiones SA Santiago | City National Bank of Florida Miami | May 24 | Pending | 882.8 | NA | 87.1 | 4.6 |
| 81 | Drake Holding Co. Radcliffe, Iowa | Security State Bank Hubbard, Iowa | May 29 | Pending | NA | NA | NA | NA |
| 82 | Private investors in Addison, Texas | Texas Bancshares Inc. Texas | May 29 | Pending | 2.3 | NA | 81.0 | 30.9 |
| 83 | Tolna Bancorp Inc. N.D. | McVille Financial Services Inc. N.D. | June 1 | Pending | NA | NA | NA | NA |
| 84 | STC Bancshares Corp. St. Charles, Ill. | Bank of Palatine Ill. | June 4 | Pending | NA | NA | NA | NA |
| 85 | Four Corners Community Bank Farmington, N.M. | Citizens State Bank of Cortez Colo. | June 5 | Pending | 7.8 | NA | 85.0 | 51.6 |
| 86 | Haven Bancorp MHC Hoboken, N.J. | Hilltop Community Bancorp Inc. Summit, N.J. | June 5 | Pending | 26.9 | NA | 127.6 | 29.8 |
| 87 | Texas State Bankshares Inc. Harlingen | Border Capital Bank McAllen, Texas | June 6 | Pending | NA | NA | NA | NA |
| 88 | Wilshire Bancorp Inc. Los Angeles | BankAsiana Palisades Park, N.J. | June 8 | Pending | 32.5 | NA | 112.1 | 14.7 |
| 89 | Union First Market Bankshares Corp. Richmond, Va. | StellarOne Corp. Charlottesville, Va. | June 9 | Pending | 444.5 | NA | 102.6 | 19.7 |
| 90 | C&F Financial Corp. West Point, Va. | Central Virginia Bankshares Inc. Powhatan | June 10 | Pending | 4.2 | NA | 32.3 | NM |
| 91 | First American Bank Corp. Elk Grove Village, Ill. | PNA Bank Downers Grove, Ill. | June 11 | Pending | NA | NA | NA | NA |
| 92 | American Bancor Ltd. Dickinson, N.D. | Community First Bank of Glendive Mont. | June 12 | Pending | NA | NA | NA | NA |
| 93 | Heartland Financial USA Inc. Dubuque, Iowa | Morrill Bancshares Inc. Merriam, Kan. | June 12 | Pending | 61.5 | NA | 101.9 | 11.0 |
| 94 | F.N.B. Corp. Hermitage, Pa. | BCSB Bancorp Inc. Baltimore | June 13 | Pending | 77.6 | NA | 134.2 | 45.5 |
| 95 | B.O.E. Bancshares Inc. Lawton, Okla. | Chickasha Bank & Trust Co. Okla. | June 14 | Pending | NA | NA | NA | NA |
| 96 | BNC Financial Group Inc. New Canaan, Conn. | Wilton Bank Conn. | June 14 | Pending | 5.0 | NA | 66.6 | NM |
| 97 | Guernsey Bancorp Inc. Westerville, Ohio | Ohio State Bank Marion | June 18 | Pending | 5.0 | NA | 85.8 | NM |
| 98 | People's Utah Bancorp American Fork | Lewiston Bancorp Utah | June 18 | Pending | NA | NA | NA | NA |
| 99 | Southwest Security Inc. Natchez, Miss. | Peoples Bank of the South Bude, Miss. | June 19 | Pending | NA | NA | NA | NA |
| 100 | Croghan Bancshares Inc. Fremont, Ohio | Indebancorp Oak Harbor, Ohio | June 21 | Pending | 29.0 | NA | 133.7 | 18.6 |
| 101 | Southern Missouri Bancorp Inc. Poplar Bluff | Ozarks Legacy Community Financial Inc. Thayer, Mo. | June 21 | Pending | 6.2 | NA | 110.5 | 22.3 |
| 102 | Alamogordo Financial Corp. (MHC) N.M. | Bank 1440 Phoenix | June 26 | Pending | 7.6 | NA | 81.6 | 11.0 |
| 103 | United Community Bancorp Inc. Chatham, Ill. | Mercantile Bank Quincy, Ill. | June 26 | Pending | NA | NA | NA | NA |
| 104 | Stifel Financial Corp. St. Louis | Acacia Federal Savings Bank Falls Church, Va. | June 27 | Pending | NA | NA | NA | NA |
| 105 | Peoples Financial Services Corp. Hallstead, Pa. | Penseco Financial Services Corp. Scranton, Penn. | June 28 | Pending | 155.9 | NA | 117.0 | 15.0 |
| 106 | Bank of Marin Bancorp Novato, Calif. | NorCal Community Bancorp Alameda, Calif. | July 1 | Pending | 32.5 | NA | 122.9 | 6.3 |
| 107 | First Federal Bancshares of Arkansas Inc. Harrison | First National Security Co. Hot Springs, Ark. | July 1 | Pending | 123.4 | NA | 84.0 | 14.2 |
| 108 | Peoples Bancorp Inc. Marietta, Ohio | Ohio Commerce Bank Beachwood | July 1 | Pending | 16.5 | NA | 141.8 | 25.6 |
| 109 | Prosperity Bancshares Inc. Houston | FVNB Corp. Victoria, Texas | July 1 | Pending | 379.8 | NA | 178.7 | 17.8 |
| 110 | First ULB Corp. Oakland, Calif. | Union Financial Corp. Albuquerque | July 2 | Pending | 5.9 | NA | 72.7 | 31.2 |
| 111 | Grandpoint Capital Inc. Los Angeles | Gilmore Bank Los Angeles | July 2 | Pending | NA | NA | NA | NA |
| 112 | Ford Financial Fund II L.P. Dallas | Metropolitan National Bank Little Rock | July 5 | Pending | 16.0 | NA | 24.3 | NM |
| 113 | Marine Bancorp Inc. Springfield, Ill. | Schuyler Bancorp Inc. Springfield, Ill. | July 8 | Pending | NA | NA | NA | NA |
| 114 | First Bank Hamilton, N.J. | Heritage Community Bank Randolph, N.J. | July 11 | Pending | 4.8 | NA | 49.7 | NM |
| 115 | MB Financial Inc. Chicago | Taylor Capital Group Inc. Rosemont, Ill. | July 14 | Pending | 658.8 | NA | 181.7 | 9.3 |
| 116 | Wilshire Bancorp Inc. Los Angeles | Saehan Bancorp Los Angeles | July 15 | Pending | 105.5 | NA | 169.9 | NM |
| 117 | Bond Street Holdings Inc. Weston, Fla. | Great Florida Bank Miami Lakes | July 17 | Pending | 42.5 | NA | 85.0 | NM |
| 118 | First American Investment Inc. Hudson, Wis. | Great Northern Bank St. Michael, Minn. | July 18 | Pending | NA | NA | NA | NA |
| 119 | Independent Bank Group Inc. McKinney, Texas | Collin Bank Plano, Texas | July 18 | Pending | 29.1 | NA | 112.7 | NM |
Status of deal reflects status as of July 19, 2013.
Source: SNL Financial, Charlottesville, Va.
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