Bank and Thrift Merger Deals Announced in the First Half of 2014
August 11, 2014, 2:52 p.m. EDT 1 Min Read
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Bank and Thrift Merger Deals Announced in the First Half of 2014
Bank and Thrift Merger Deals Announced in the First Half of 2014Ranked by deal value at announcement. Dollars in millions | |||||||
|---|---|---|---|---|---|---|---|
| Rank | Buyer | Target | Date of announcement | Status of Deal | Deal value | Price/Tangible Book (%) | Price/LTM EPS (%) |
| 1 | First Citizens BancShares Inc. | First Citizens Bancorp. Inc. | June 10 | Pending | $676.4 | 118.25% | 14.21% |
| 2 | Southside Bancshares Inc. | OmniAmerican Bancorp Inc. | April 29 | Pending | 313.9 | 147.14 | 43.64 |
| 3 | Valley National Bancorp | 1st United Bancorp Inc. | May 8 | Pending | 312.8 | 178.18 | 36.08 |
| 4 | Yadkin Financial Corp. | VantageSouth Bancshares Inc. | Jan. 27 | Completed July 4 | 298.8 | 147.29 | 49.62 |
| 5 | Simmons First National Corp. | Community First Bancshares Inc. | May 6 | Pending | 243.4 | 179.96 | 11.88 |
| 6 | Center Bancorp Inc. | ConnectOne Bancorp Inc. | Jan. 21 | Completed July 1 | 239.7 | 179.33 | 21.82 |
| 7 | Bank of the Ozarks Inc. | Summit Bancorp Inc. | Jan. 30 | Completed May 16 | 216.0 | 160.07 | 15.78 |
| 8 | BancorpSouth Inc. | Central Community Corp. | Jan. 22 | Pending | 209.5 | 212.29 | 14.70 |
| 9 | Simmons First National Corp. | Liberty Bancshares Inc. | May 28 | Pending | 206.9 | 212.11 | 13.15 |
| 10 | CenterState Banks Inc. | First Southern Bancorp Inc. | Jan. 29 | Completed June 1 | 190.4 | 112.26 | NM |
| 11 | Eagle Bancorp Inc. | Virginia Heritage Bank | June 9 | Pending | 182.9 | 205.67 | 18.13 |
| 12 | TriCo Bancshares | North Valley Bancorp | Jan. 21 | Pending | 178.9 | 187.85 | 55.51 |
| 13 | Old National Bancorp | United Bancorp Inc. | Jan. 8 | Pending | 170.5 | 208.45 | 25.83 |
| 14 | Iberiabank Corp. | Teche Holding Co. | Jan. 13 | Completed May 31 | 157.8 | 173.09 | 17.10 |
| 15 | National Penn Bancshares Inc. | TF Financial Corp. | June 4 | Pending | 142.0 | 147.64 | 19.02 |
| 16 | Eastern Bank Corp. | Centrix Bank & Trust | March 4 | Pending | 134.4 | 216.13 | 17.90 |
| 17 | Chemical Financial Corp. | Northwestern Bancorp | March 11 | Pending | 120.0 | 179.37 | NM |
| 18 | BancorpSouth Inc. | Ouachita Bancshares Corp. | January 8 | Pending | 112.0 | 219.72 | 15.83 |
| 19 | Bryn Mawr Bank Corp. | Continental Bank Holdings Inc. | May 5 | Pending | 108.8 | 175.28 | 42.29 |
| 20 | CU Bancorp | 1st Enterprise Bank | June 3 | Pending | 104.3 | 173.41 | 19.00 |
| 21 | F.N.B. Corp. | OBA Financial Services Inc. | April 8 | Pending | 98.8 | 133.15 | NM |
| 22 | State Bank Financial Corp. | Georgia-Carolina Bancshares Inc. | June 24 | Pending | 82.3 | 135.13 | 16.93 |
| 23 | Univest Corp. of Pennsylvania | Valley Green Bank | June 18 | Pending | 77.8 | 234.06 | 14.70 |
| 24 | Seacoast Banking Corp. of Florida | BANKshares Inc. | April 24 | Pending | 76.5 | 137.96 | 23.04 |
| 25 | First Interstate BancSystem Inc. | Mountain West Financial Corp. | Feb. 10 | Pending | 73.2 | 121.26 | 15.70 |
| 26 | Old National Bancorp | LSB Financial Corp. | June 4 | Pending | 67.3 | 158.57 | 27.31 |
| 27 | Simmons First National Corp. | Delta Trust & Banking Corp. | March 24 | Pending | 66.5 | 164.69 | 15.59 |
| 28 | Iberiabank Corp. | First Private Holdings Inc. | Feb. 11 | Completed June 30 | 64.0 | 164.00 | 44.44 |
| 29 | First Midwest Bancorp Inc. | Great Lakes Financial Resources Inc. | July 8 | Pending | 60.8 | 137.73 | 19.12 |
| 30 | CVB Financial Corp. | American Security Bank | Feb. 18 | Completed May 15 | 57.0 | 133.26 | 28.79 |
| 31 | CBFH Inc. | MC Bancshares Inc. | March 17 | Pending | 56.4 | 188.24 | 36.67 |
| 32 | CB Financial Services Inc. | FedFirst Financial Corp. | April 14 | Pending | 55.0 | 106.79 | 25.20 |
| 33 | Auto Club Insurance Association | National Bancorp Inc. | March 20 | Pending | 52.0 | 117.46 | 4.16 |
| 34 | BNC Bancorp | Harbor Bank Group Inc. | June 5 | Pending | 51.6 | 156.36 | 23.30 |
| 35 | HomeTrust Bancshares Inc. | Jefferson Bancshares Inc. | Jan. 23 | Completed May 31 | 51.2 | 101.01 | 28.57 |
| 36 | Green Bancorp Inc. | SP Bancorp Inc. | May 5 | Pending | 49.1 | 145.28 | 36.48 |
| 37 | Commerce Union Bancshares Inc. | Reliant Bank | April 28 | Pending | 48.1 | 127.53 | 14.83 |
| 38 | Independent Bank Group Inc. | Houston City Bancshares Inc. | June 2 | Pending | 48.0 | 196.98 | 16.87 |
| 39 | Home BancShares Inc. | Florida Traditions Bank | April 17 | Pending | 43.0 | 146.27 | 14.04 |
| 40 | Peoples Bancorp Inc. | Ohio Heritage Bancorp Inc. | April 4 | Pending | 37.7 | 146.88 | 26.45 |
| 41 | Ameris Bancorp | Coastal Bankshares Inc. | March 11 | Completed June 30 | 37.3 | 192.11 | 45.02 |
| 42 | MainSource Financial Group Inc. | MBT Bancorp | April 7 | Pending | 34.0 | 141.97 | 19.62 |
| 43 | First Citizens Bancshares Inc. | Southern Heritage Bancshares Inc. | March 20 | Pending | 32.7 | 162.87 | 12.00 |
| 44 | Glacier Bancorp Inc. | FNBR Holding Corp. | May 8 | Pending | 30.4 | 98.44 | 8.36 |
| 45 | Heritage Financial Group Inc. | Alarion Financial Services Inc. | April 22 | Pending | 29.6 | 120.00 | 31.06 |
| 46 | First Business Financial Services Inc. | Aslin Group Inc. | May 23 | Pending | 29.0 | 157.00 | 18.38 |
| 47 | Institution for Savings in Newburyport and Its Vicinity | Rockport National Bancorp Inc. | April 15 | Pending | 28.5 | 193.76 | 29.44 |
| 48 | Salisbury Bancorp Inc. | Riverside Bank | March 19 | Pending | 27.3 | 108.83 | 15.13 |
| 49 | State Bank Financial Corp. | Atlanta Bancorp. Inc. | April 28 | Pending | 25.2 | 98.57 | 4.10 |
| 50 | Southern Missouri Bancorp Inc. | Peoples Service Co. | Feb. 25 | Pending | 23.2 | 116.55 | 18.53 |
| 51 | Peoples Bancorp Inc. | North Akron Savings Bank | April 21 | Pending | 20.1 | 145.01 | 56.88 |
| 52 | Redwood Equity Partners Inc. | America California Bank | Jan. 23 | Pending | 18.0 | 148.94 | 22.58 |
| 53 | RKJS Inc. | First Mariner Bank | Feb. 10 | Completed June 17 | 17.7 | 54.47 | NM |
| 54 | Community Bank Shares of Indiana Inc. | First Financial Service Corp. | April 22 | Pending | 17.2 | 133.45 | NM |
| 55 | Community & Southern Holdings Inc. | Alliance Bancshares Inc. | May 16 | Pending | 15.5 | 136.16 | NM |
| 56 | Bankwell Financial Group Inc. | Quinnipiac Bank & Trust Co. | April 1 | Pending | 15.4 | 147.61 | 27.62 |
| 57 | First National Bank of Southern California | First Mountain Bank | May 5 | Pending | 14.1 | 116.73 | 20.93 |
| 58 | GNB Financial Services Inc. | FNBM Financial Corp. | July 3 | Pending | 13.8 | 121.04 | NM |
| 59 | Platte Valley Financial Service Companies Inc. | Mountain Valley Bancshares Inc. | March 24 | Completed June 30 | 13.7 | 111.68 | 13.18 |
| 60 | First Financial Bancorp. | Guernsey Bancorp Inc. | April 29 | Pending | 13.5 | 216.24 | NM |
| 61 | Peoples Bancorp Inc. | Midwest Bancshares Inc. | Jan. 21 | Completed May 30 | 12.6 | 107.31 | 32.00 |
| 62 | Sturm Financial Group Inc. | First Capital West Bankshares Inc. | May 13 | Pending | 12.5 | 89.35 | NM |
| 63 | Southern National Bancorp of Virginia Inc. | Prince George's Federal Savings Bank | Jan. 8 | Pending | 11.5 | 89.10 | 31.50 |
| 64 | D.L. Evans Bancorp | Idaho Banking Co. | June 27 | Pending | 10.0 | 297.71 | NM |
| 65 | HomeTrust Bancshares Inc. | Bank of Commerce | March 4 | Pending | 10.0 | 118.60 | 40.16 |
| 66 | Xenith Bankshares Inc. | Colonial Virginia Bank | March 21 | Completed June 30 | 9.6 | 79.18 | 17.69 |
| 67 | Eastern Virginia Bankshares Inc. | Virginia Co. Bank | May 29 | Pending | 9.5 | 118.91 | NM |
| 68 | TriSummit Bancorp Inc. | Community National Bank of the Lakeway Area | Jan. 14 | Completed July 1 | 9.4 | 86.71 | NM |
| 69 | JamesMark Bankshares Inc. | Bank of Ash Grove | March 24 | Pending | 8.4 | 147.94 | 10.04 |
| 70 | Taylor Bancshares Inc. | North Alabama Bancshares Inc. | June 4 | Pending | 8.1 | 78.54 | 25.04 |
| 71 | Heritage Bancorp Inc. | Nixon State Bank | April 11 | Completed June 30 | 8.1 | 150.17 | NM |
| 72 | Minnesota Community Bancshares Inc. | Hartland Bancshares Inc. | Jan. 31 | Completed April 11 | 7.6 | 128.16 | 11.49 |
| 73 | First American Bank Corp. | Bank of Coral Gables | May 5 | Pending | 7.5 | 116.17 | 27.68 |
| 74 | Stockton Bancshares Inc. | First Security Bank & Trust Co. | March 17 | Pending | 6.7 | NA | NA |
| 75 | FNB Bancorp | Valley Community Bank | May 22 | Pending | 6.2 | 59.93 | NM |
| 76 | Bay Commercial Bank | Bank On It Inc. | Jan. 16 | Completed April 25 | 4.3 | 96.72 | NM |
| 77 | First Federal of Northern Michigan Bancorp | Alpena Banking Corp. | Jan. 23 | Pending | 4.3 | 62.90 | 39.06 |
| 78 | First Bancshares Inc. | BCB Holding Co. Inc. | March 6 | Completed July 1 | 3.9 | 115.20 | NM |
| 79 | HCBF Holding Co. Inc. | Highlands Independent Bancshares Inc. | May 15 | Pending | 3.5 | 314.47 | NM |
| 80 | AltaPacific Bancorp | Mission Oaks Bancorp | Jan. 31 | Completed May 2 | 3.5 | NM | 60.00 |
| 81 | Alerus Financial Corp. | Private Bancorp. Inc. | March 10 | Completed June 25 | 3.3 | 90.21 | NM |
| 82 | Farmers State Bancshares II Inc. | Spencer State Bank | May 8 | Pending | 2.4 | 125.33 | NM |
| 83 | South Texas Bancshares Inc. | First Amherst Bancshares Inc. | March 13 | Pending | 1.9 | 127.50 | NM |
| 84 | Park Sterling Corp. | Provident Community Bancshares Inc. | March 5 | Completed May 1 | 1.4 | NM | NM |
| 85 | AIM Bancshares Inc. | First State Bank of Miami, Texas Banking operations | Jan. 3 | Completed March 21 | 0.8 | NA | NA |
| 86 | Investor group | Bloomburg State Bank | Feb. 27 | Completed March 7 | 0.7 | 92.50 | NM |
Status of deal reflects status as of July 7, 2014.
Source: SNL Financial, Charlottesville, Va.
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