Bank and Thrift Merger Deals Announced in the First Quarter of 2005
Published April 20, 2005, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Bank and Thrift Merger Deals Announced in the First Quarter of 2005
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| Published April 20, 2005 | |||||||
| Buyer | Seller | Announced | Price | Announced price to: | Targets assets | ||
| Equity | Net | ||||||
| 1 | Capital One Financial Corp. McLean, Va. | Hibernia Corp. New Orleans | Mar. 06 | $5,313,229 | 2.64 | 17.48 | $22,308,088 |
| 2 | Associated Banc-Corp Green Bay, Wis. | State Financial Services Corp. Milwaukee | Mar. 21 | 276,264 | 2.35 | 19.27 | 1,637,448 |
| 3 | Colonial BancGroup Inc. Montgomery, Ala. | FFLC Bancorp Inc. Leesburg, Fla. | Jan. 18 | 224,691 | 2.61 | 21.97 | 1,039,693 |
| 4 | Mercantile Bankshares Corp. Baltimore | Community Bank of Northern Virginia Sterling | Jan. 25 | 211,878 | 3.41 | 23.29 | 895,188 |
| 5 | Willow Grove Bancorp Inc. Maple Glen, Pa. | Chester Valley Bancorp Inc. Downingtown, Pa. | Jan. 20 | 151,527 | 2.65 | 22.69 | 644,693 |
| 6 | First Citizens Bancorp Inc. Columbia, S.C. | Summit Financial Corp. Greenville, S.C. | Mar. 07 | 110,206 | 2.67 | 22.43 | 320,938 |
| 7 | Fulton Financial Corp. Lancaster, Pa. | SVB Financial Services Inc. Somerville, N.J. | Jan. 11 | 89,420 | 3.02 | 25.12 | 474,902 |
| 8 | Pacific Capital Bancorp Santa Barbara, Calif. | First Bancshares Inc. San Luis Obispo, Calif. | Feb. 28 | 60,829 | 2.98 | 24.16 | 279,960 |
| 9 | Capital City Bank Group Inc. Tallahassee, Fla. | First Alachua Banking Corp Fla. | Feb. 4 | 57,963 | 2.28 | 22.52 | 231,778 |
| 10 | Princeton National Bancorp Inc. Princeton, Ill. | Somonauk FSB Bancorp Inc. Somonauk, Ill. | Feb. 22 | 49,697 | 2.05 | 19.82 | 210,284 |
| 11 | First California Bank Camarillo | South Coast Bancorp Inc. Irvine, Calif. | Feb. 2 | 36,000 | 2.20 | 12.38 | 146,513 |
| 12 | Security Bank Corp. Macon, Ga. | SouthBank Woodstock, Ga. | Jan. 19 | 35,979 | 2.38 | 31.90 | 113,781 |
| 13 | First Busey Corp. Urbana, Ill. | Tarpon Coast Bancorp Inc. Port Charlotte, Fla. | Feb. 24 | 35,565 | 3.05 | 35.11 | 138,950 |
| 14 | Exchange National Bancshares Inc. Jefferson City, Mo. | Bank 10 Belton, Mo. | Feb. 28 | 33,357 | 2.45 | 17.84 | 171,732 |
| 15 | First Horizon National Corp. Memphis | West Metro Financial Services Dallas, Ga. | Mar. 15 | 32,000 | 2.64 | 48.63 | 130,743 |
| 16 | MainSource Financial Group Inc. Greensburg, Ind. | Madison Bank and Trust Co. Madison, Ind. | Mar. 10 | 29,161 | 2.24 | NM | 216,029 |
| 17 | Franklin Bank Corp. Houston | Elgin Bank of Texas | Jan. 27 | 23,400 | 2.30 | 37.86 | 84,471 |
| 18 | MutualFirst Financial Inc. Muncie, Ind. | Fidelity Federal Savings Bank Marion, Ind. | Mar. 03 | 20,000 | NA | NM | 109,792 |
| 19 | Horizon Bancorp Michigan City, Ind. | Alliance Financial Corp. New Buffalo, Mich. | Feb. 25 | 13,100 | 2.14 | 25.49 | 129,848 |
| 20 | Community Trust Bancorp Inc. Pikeville, Ky. | Heritage Community Bank Danville, Ky. | Mar. 15 | 12,200 | 1.34 | NM | 102,892 |
| 21 | Leroy C. Darby Inc. Monona, Iowa | PSB Bancshares Ltd. Postville, Iowa | Jan. 31 | 11,957 | 1.61 | 24.50 | 60,777 |
| 22 | First Banks Inc. Clayton, Mo. | FBA Bancorp Inc. Chicago | Jan. 10 | 10,500 | 1.35 | NM | 74,482 |
| 23 | Iron Horse Bancshares Inc. Mazomanie, Wis. | Community Bancshares Spring Green, Wis. | Feb. 23 | 10,000 | 1.28 | 19.42 | 75,950 |
| 24 | Citizens Community Bancorp Eau Claire, Wis. | Community Plus Savings Bank Rochester Hills, Mich. | Jan. 6 | 9,250 | 2.24 | NM | 46,430 |
| 25 | Founders Group Inc. Worth, Ill. | Vermilion Bancorp Inc. Danville, Ill. | Mar. 25 | 8,611 | 1.65 | 36.04 | 50,253 |
| 26 | Argentum Capital Management LLC Durham, N.C. | Smith River Community Bank Martinsville, Va. | Jan. 13 | 6,500 | 1.46 | 36.72 | 59,463 |
| 27 | Independent Bank Group Central Texas Inc. McKinney | First FSB Bancshares Inc. Mount Calm, Tex. | Mar. 30 | 3,500 | 1.66 | NM | 28,152 |
| 28 | Abigail Adams National Bancorp Washington | Consolidated Bank and Trust Co. Richmond, Va. | Feb. 10 | 2,558 | 0.76 | NM | 70,559 |
| 29 | Capitol Bancorp Ltd. Lansing, Mich. | Peoples State Bank Jeffersonville, Ga. | Feb. 3 | 2,205 | 2.37 | NM | 21,287 |
| 30 | Republic Bancorp Inc. Munden, Kan. | National Family Bank Munden, Kan. | Mar. 03 | 1,000 | 0.55 | 40.00 | 15,464 |
| 31 | Morrill Bancshares Inc. Merriam, Kan. | Nemaha Investment Co. Atchison, Kan. | Jan. 20 | 986 | 1.32 | 12.97 | 6,099 |
| 32 | First Centralia Bancshares Centralia, Kan. | Corning Investment Co. Atchison, Kan. | Jan. 20 | 975 | 1.43 | 10.60 | 7,015 |
| 33 | Investor group Okla. | Boynton Holding Co. Inc. Muskogee, Okla. | Jan. 25 | 750 | 1.22 | NM | 8,834 |
| 34 | Home Bancshares Inc. Conway, Ark. | Marine Bancorp Inc. Marathon, Fla. | Mar. 16 | NA | NA | NA | 227,914 |
| 35 | Corinthian Capital Corp. New York | Surety Capital Corp. Fort Worth, Tex. | Jan. 18 | NA | NA | NA | 54,330 |
| 36 | Sunflower Banks Inc. Salina, Kan. | First Fowler Bancorp Inc. Colo. | Jan. 11 | NA | NA | NA | 64,163 |
| 37 | First Bancorp of Durango Inverness, Ill. | Ameribanc Holdings Durango, Colo. | Feb. 22 | NA | NA | NA | 47,009 |
| 38 | HomeTrust Banking Partnership Clyde, N.C. | Home Savings Bank SSB Eden, N.C. | Feb. 3 | NA | NA | NA | 106,853 |
| 39 | Mason Bancorp Inc. Tenn. | Bank of Mason Tenn. | Jan. 24 | NA | NA | NA | 7,523 |
Source: Highline Banking Data Services (877-305-6657)
NA = not available. NM = not meaningful.
© 2005 American Banker