Bank and Thrift Merger Deals Announced in the First Quarter of 2012
Published May 16, 2012, 6:56 p.m. EDT
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Updated May 16, 2012, 5:56 p.m. EDT
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Bank and Thrift Merger Deals Announced in the First Quarter of 2012
Bank and Thrift Merger Deals Announced in the First Quarter of 2012Ranked by announcement date | ||||||||
|---|---|---|---|---|---|---|---|---|
| Rank | Buyer | Target | Announced | Completed | Deal value at: | Deal value to: | ||
| Announcement ($ millions) | Completion ($ millions) | Book value (%) | Net income (x) | |||||
| 1 | Commonwealth Holdings LLC Burlington, Ky. | Commonwealth Trust Bancorp Inc. Walton, Ky. | Jan. 3 | April 7 | NA | NA | NA | NA |
| 2 | Kenneth Ray Lehman (private investor) Arlington, Va. | First Capital Bancorp Inc. Glen Allen, Va. | Jan. 10 | Pending | NA | NA | NA | NA |
| 3 | MinnDak Bancshares Inc. Park Rapids, Minn. | Kent Bancshares Inc. Minn. | Jan. 11 | Pending | 1.2 | NA | 158.3 | NA |
| 4 | First Volunteer Corp. Chattanooga, Tenn. | Gateway Bancshares Inc. Ringgold, Ga. | Jan. 12 | Pending | 16.4 | NA | 69.2 | -18.4 |
| 5 | First York Ban Corp. Neb. | Frontier Bank Davenport, Neb. | Jan. 13 | April 11 | NA | NA | NA | NA |
| 6 | Landmark Bancorp Inc. Manhattan, Kan. | Wellsville Bank Kan. | Jan. 13 | April 1 | 4.0 | 4.0 | 112.0 | 8.8 |
| 7 | Provident New York Bancorp Montebello | Gotham Bank of New York | Jan. 17 | Pending | 40.5 | NA | 128.5 | 16.0 |
| 8 | State Bankshares Inc. Fargo, N.D. | First Hawley Bancshares Inc. Minn. | Jan. 17 | Pending | NA | NA | NA | NA |
| 9 | Grandpoint Capital Inc. Los Angeles | California Community Bank Escondido | Jan. 19 | Pending | 30.0 | NA | 116.3 | 34.7 |
| 10 | Prosperity Bancshares Inc. Houston | Bank Arlington Texas | Jan. 19 | April 1 | 5.8 | 6.3 | 131.4 | 29.5 |
| 11 | Capital Bancorp Inc. Rockville, Md. | American Eagle Savings Bank Boothwyn, Pa. | Jan. 20 | Jan. 20 | NA | NA | NA | NA |
| 12 | CenterState Banks Inc. Davenport, Fla. | Central Florida State Bank Belleview | Jan. 20 | Jan. 20 | NA | NA | NA | NA |
| 13 | Hamilton State Bancshares Inc. Hoschton, Ga. | First State Bank Stockbridge, Ga. | Jan. 20 | Jan. 20 | NA | NA | NA | NA |
| 14 | Old National Bancorp Evansville, Ind. | Indiana Community Bancorp Columbus | Jan. 24 | Pending | 103.2 | NA | 120.3 | -59.2 |
| 15 | Tompkins Financial Corp. Ithaca, N.Y. | VIST Financial Corp. Wyomissing, Pa. | Jan. 25 | Pending | 110.0 | NA | 71.2 | 34.0 |
| 16 | Newell Bancshares Inc. Iowa | Union State Bank Rockwell City, Iowa | Jan. 26 | March 24 | NA | NA | NA | NA |
| 17 | CenterState Banks Inc. Davenport, Fla. | First Guaranty Bank and Trust Co. of Jacksonville Fla. | Jan. 27 | Jan. 27 | NA | NA | NA | NA |
| 18 | First Resource Bank Savage, Minn. | Patriot Bank Minnesota Forest Lake | Jan. 27 | Jan. 27 | NA | NA | NA | NA |
| 19 | Landrum Co. Columbia, Mo. | Bank of Birch Tree Mo. | Jan. 27 | Pending | NA | NA | NA | NA |
| 20 | Republic Bancorp Inc. Louisville | Tennessee Commerce Bank Franklin | Jan. 27 | Jan. 27 | NA | NA | NA | NA |
| 21 | U.S. Bancorp Minneapolis | BankEast Knoxville, Tenn. | Jan. 27 | Jan. 27 | NA | NA | NA | NA |
| 22 | Arvest Bank Group Inc. Bentonville, Ark. | Union Bank Kansas City, Mo. | Jan. 30 | Pending | 34.0 | NA | 189.4 | -2.2 |
| 23 | Grandpoint Capital Inc. Los Angeles | Bank Capital Corp. Phoenix | Jan. 31 | Pending | NA | NA | NA | NA |
| 24 | Investor group | College Savings Bank Princeton, N.J. | Jan. 31 | Jan. 31 | NA | NA | NA | NA |
| 25 | Center Bancorp Inc. Union, N.J. | Saddle River Valley Bank N.J. | Feb. 1 | Pending | 11.5 | NA | 87.6 | -3.8 |
| 26 | Corporate Merchant Services Inc. Lake Mary, Fla. | Northern Star Financial Inc. Mankato, Minn. | Feb. 3 | Pending | NA | NA | NA | NA |
| 27 | CapStar Bank Nashville, Tenn. | American Security Bank and Trust Co. Hendersonville, Tenn. | Feb. 9 | Pending | NA | NA | NA | NA |
| 28 | Horizon Bancorp Michigan City, Ind. | Heartland Bancshares Inc. Franklin, Ind. | Feb. 9 | Pending | 21.3 | NA | 96.0 | 97.6 |
| 29 | First Merchants Corp. Muncie, Ind. | SCB Bank Shelbyville, Ind. | Feb. 10 | Feb. 10 | NA | NA | NA | NA |
| 30 | Wintrust Financial Corp. Lake Forest, Ill. | Charter National Bank and Trust Hoffman Estates, Ill. | Feb. 10 | Feb. 10 | NA | NA | NA | NA |
| 31 | Overbrook Bankshares Inc. Kan. | Carbondale Bankshares Inc. Kan. | Feb. 14 | Pending | NA | NA | NA | NA |
| 32 | Investor group | Uvalde Bancshares Inc. Dover, Del. | Feb. 15 | Pending | 3.8 | NA | 87.1 | 37.6 |
| 33 | Bixby Bridge Financial LP Northbrook, Ill. | PCNB Bancshares Inc. Bremen, Ga. | Feb. 23 | Pending | NA | NA | NA | NA |
| 34 | Ameris Bancorp Moultrie, Ga. | Central Bank of Georgia Ellaville | Feb. 24 | Feb. 24 | NA | NA | NA | NA |
| 35 | Carlile Bancshares Inc. Fort Worth, Texas | Northstar Financial Corp. Denton, Texas | Feb. 25 | Pending | NA | NA | NA | NA |
| 36 | FBT Bancshares Inc. Fordyce, Ark. | Bank of Rison Ark. | Feb. 25 | Pending | NA | NA | NA | NA |
| 37 | Prosperity Bancshares Inc. Houston | American State Financial Corp. Lubbock, Texas | Feb. 26 | Pending | 529.2 | NA | 189.2 | 12.6 |
| 38 | First California Financial Group Inc. Westlake Village | Premier Service Bank Riverside, Calif. | Feb. 27 | Pending | 2.2 | NA | 30.0 | -1.0 |
| 39 | First Community Bancshares Inc. Bluefield, Va. | Peoples Bank of Virginia Richmond | March 1 | Pending | 40.6 | NA | 103.7 | 19.4 |
| 40 | GFA Federal Credit Union Gardner, Mass. | Monadnock Community Bank Peterborough, N.H. | March 1 | Pending | 8.3 | NA | 116.3 | -3.1 |
| 41 | Metro City Bank Doraville, Ga. | Global Commerce Bank Doraville, Ga. | March 2 | March 2 | NA | NA | NA | NA |
| 42 | Cadence Bancorp LLC Houston | Encore Bancshares Inc. Houston | March 5 | Pending | 251.3 | NA | 171.1 | 34.7 |
| 43 | Bank of Commerce Ammon, Idaho | State Bank and Trust Co. Dillon, Mont. | March 7 | Pending | NA | NA | NA | NA |
| 44 | Marion County Savings Bank Salem, Ill. | First Federal Savings and Loan Association of Pekin Ill. | March 7 | Pending | NA | NA | NA | NA |
| 45 | Mitsubishi UFJ Financial Group Inc. Tokyo | Pacific Capital Bancorp Santa Barbara, Calif. | March 9 | Pending | 1,515.7 | NA | 198.6 | 21.5 |
| 46 | Investor group in Oklahoma | Ryan Bancshares Inc. Okla. | March 12 | Pending | 2.0 | NA | 80.0 | 2.9 |
| 47 | National Australia Bank Ltd. Docklands | North Central Bancshares Inc. Fort Dodge, Iowa | March 12 | Pending | 41.5 | NA | 98.6 | 15.7 |
| 48 | Vintage Bancorp Inc. Kan. | Cornerstone Alliance, Ltd. Winfield, Kan. | March 12 | Pending | NA | NA | NA | NA |
| 49 | Northfield Bancorp Inc. MHC Avenel, N.J. | Flatbush Federal Bancorp Inc. MHC Brooklyn, N.Y. | March 13 | Pending | 18.2 | NA | 120.1 | -23.3 |
| 50 | Framingham Co-operative Bank Mass. | Natick Federal Savings Bank Mass. | March 14 | Pending | NA | NA | NA | NA |
| 51 | Flint Hills Bancshares Inc. Gridley, Kan. | Exchange National Bank of Cottonwood Falls Kan. | March 15 | Pending | NA | NA | NA | NA |
| 52 | PSB Holdings Inc. Wausau, Wis. | Marathon State Bank Wis. | March 15 | Pending | 5.6 | NA | 100.0 | 9.8 |
| 53 | Iberiabank Corp. Lafayette, La. | Florida Gulf Bancorp Inc. Fort Myers | March 19 | Pending | 44.5 | NA | 141.0 | 58.6 |
| 54 | Commerce Bancshares Corp. Worcester, Mass. | Mercantile Capital Corp. Boston | March 21 | Pending | 29.9 | NA | 194.4 | 15.0 |
| 55 | GNB Bancorp. Grundy Center, Iowa | Delaware Service Co. Manchester, Iowa | March 23 | Pending | NA | NA | NA | NA |
| 56 | IBC Bancorp Inc. Chicago | Premier Bank Wilmette, Ill. | March 23 | March 23 | NA | NA | NA | NA |
| 57 | Stearns Financial Services Inc. St. Cloud, Minn. | Covenant Bank and Trust Rock Spring, Ga. | March 23 | March 23 | NA | NA | NA | NA |
| 58 | Capital Bank Financial Corp. Coral Gables, Fla. | Southern Community Financial Corp. Winston-Salem, N.C. | March 26 | Pending | 70.5 | NA | 126.3 | 22.9 |
| 59 | FNB Bancorp South San Francisco | Oceanic Bank Holding Inc. San Francisco | March 26 | Pending | 27.8 | NA | 86.2 | 21.4 |
| 60 | Leackco Bank Holding Co. Inc. Wolsey, S.D. | American State Bank of Pierre S.D. | March 27 | Pending | NA | NA | NA | NA |
| 61 | SKBHC Holdings LLC Seattle | Security Business Bancorp San Diego | March 27 | Pending | 26.0 | NA | 91.2 | 143.6 |
| 62 | Green Bancorp Inc. Houston | Opportunity Bancshares Inc. Richardson, Texas | March 28 | Pending | NA | NA | NA | NA |
| 63 | S&T Bancorp Inc. Indiana, Pa. | Gateway Bank of Pennsylvania McMurray | March 29 | Pending | 22.0 | NA | 145.0 | 35.4 |
| 64 | Huntington Bancshares Inc. Columbus, Ohio | Fidelity Bank Dearborn, Mich. | March 30 | March 30 | NA | NA | NA | NA |
Data as of April 16, 2012. Excludes terminated deals.
Source:
SNL Financial
, Charlottesville, Va. © 2012 American Banker