Bank and Thrift Merger Deals Announced in the First Quarter of 2011

May 09, 2011, 3:10 p.m. EDT 1 Min Read

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Bank and Thrift Merger Deals Announced in the First Quarter of 2011Ranked by announcement date Published May 9, 2011
	Buyer	Seller	Announced	Deal value (millions)	Deal value/ Equity	Deal value/ Net income (x)	Target assets ($000s)
1	First Illinois Corp. Decatur	HPB Holdings Inc Decatur, Ill.	Jan. 12	$25.0	51.6%	7.1	$867,204
2	Comerica Inc. Dallas	Sterling Bancshares Inc. Houston	Jan. 16	1,028.9	164.2	NM	5,039,621
3	Finlayson Bancshares Inc. Minn.	First National Bank of the North Sandstone, Minn.	Jan. 20	NA	NA	NA	69,578
4	People's United Financial Inc. Bridgeport, Conn.	Danvers Bancorp Inc. Mass.	Jan. 20	488.9	166.6	30.6	2,630,968
5	Industrial and Commercial Bank of China Ltd. Beijing	Bank of East Asia USA New York	Jan. 21	140.0	134.06	47.52	717,001
6	Investors Prime Fund LLC Los Altos, Calif.	High Desert Bank Bend, Ore.	Jan. 21	NA	NA	NA	36,970
7	Susquehanna Bancshares Inc. Lititz, Pa.	Abington Bancorp Inc. Jenkintown, Pa.	Jan. 26	273.8	129.23	35.61	1,247,098
8	Bear State Financial Holdings LLC Little Rock, Ark.	First Federal Bancshares of Arkansas Inc. Harrison	Jan. 27	NA	61.2	NM	632,340
9	Snyder Group Kittanning, Pa.	NexTier Inc. Butler, Pa.	Jan. 31	NA	NA	NA	566,440
10	Investor group	Northside Bank Adairsville, Ga.	Feb. 3	NA	51.6	NM	129,008
11	GNB Financial Services Inc. Gratz, Pa.	Herndon National Bank Pa.	Feb. 4	NA	NA	NA	30,482
12	Bridge Bancorp Inc. Bridgehampton, N.Y.	Hamptons State Bank Southampton, N.Y.	Feb. 8	6.3	136.2	40.6	67,517
13	CBM Florida Holding Co. Bradenton	First Community Bank of America Pinellas Park, Fla.	Feb. 10	10.0	63.8	NM	470,613
14	Randal S. Shannon (private investor) Drexel, Mo.	Amsterdam Bancshares Inc. Mo.	Feb. 10	1.1	61.4	6.2	50,649
15	VB Texas Inc. Houston	Founders Bank SSB Sugar Land, Texas	Feb. 14	NA	NA	NA	140,161
16	Ocean Shore Holding Co. Ocean City, N.J.	CBHC Financialcorp Inc. Egg Harbor City, N.J.	Feb. 15	11.9	130.0	9.7	136,038
17	Citizens National Corp. Wisner, Neb.	First National Bank of Friend Neb.	Feb. 21	5.5	139.0	17.2	38,352
18	Iberiabank Corp., Lafayette, La.	Omni Bancshares Inc. Metairie, La.	Feb. 21	40.0	121.3	NM	745,884
19	Investor group	Kansas State Bank Ottawa	Feb. 22	NA	NA	NA	104,584
20	Investor group	North Alabama Bancshares Inc. Hazel Green	Feb. 23	NA	112.9	NM	124,793
21	Piedmont Community Bank Holdings Inc. Raleigh, N.C.	Crescent Financial Corp. Cary, N.C.	Feb. 23	30.6	77.3	NM	973,018
22	RBB Bancorp Los Angeles	First Asian Bank Las Vegas	Feb. 24	NA	NA	NA	35,103
23	Sequatchie Valley Bancshares Inc. Dunlap, Tenn.	Citizens Bank of Spencer Tenn.	Feb. 25	NA	NA	NA	44,103
24	Investor group	Bank of Feather River Yuba City, Calif.	March 1	NA	NA	NA	38,934
25	Opus Bank Redondo Beach, Calif.	Cascade Financial Corp. Everett, Wash.	March 3	21.8	37.3	NM	1,498,334
26	HCBF Holding Co. Inc. West Palm Beach, Fla.	Grand Bankshares Inc. West Palm Beach, Fla.	March 4	8.4	42.0	NM	452,660
27	Collin Bank Frisco, Texas	Bank of Las Colinas Irving, Texas	March 7	NA	NA	NA	44,767
28	Grandpoint Capital Inc. Los Angeles	Orange Community Bancorp Calif.	March 10	32.1	143.9	32.0	223,649
29	Iberiabank Corp. Lafayette, La.	Cameron Bancshares Inc. Lake Charles, La.	March 10	134.8	174.3	14.6	705,735
30	MB Acquisition Bancorp Portland, Ore.	Mbank Gresham, Ore.	March 21	NA	NA	NA	209,247
31	Embarcadero Bank San Diego	Coronado First Bank Calif.	March 22	9.3	100.0	NM	83,239
32	Home Bancorp Inc. Lafayette, La.	GS Financial Corp. Metairie, La.	March 30	26.4	95.40	64.91	263,811
33	Park Sterling Corp. Charlotte, N.C.	Community Capital Corp. Greenwood, S.C.	March 30	32.3	80.5	NM	655,934

Data as of April 13, 2011. Excludes terminated deals.

Source:

SNL Financial