Bank and Thrift Merger Deals Announced in the Fourth Quarter of 2007
January 10, 2008, 10:08 a.m. EST 1 Min Read
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Bank and Thrift Merger Deals Announced in the Fourth Quarter of 2007
Bank and Thrift Merger Deals Announced in the Fourth Quarter of 2007Ranked by announced price Published January 10, 2008 | |||||||
|---|---|---|---|---|---|---|---|
| Rank | Buyer | Seller | Date | Price (millions) | | | |
| Equity | | Assets (000's) | |||||
| 1 | Toronto-Dominion Bank | Commerce Bancorp Inc. Cherry Hill, N.J. | Oct. 2 | 9165.7 | 3.17 | 30.83 | 48,175,525 |
| 2 | National Australia Bank Ltd. Melbourne | Great Western Bancorp. Inc. Omaha | Nov. 29 | 798.0 | 3.35 | 24.33 | 3,465,926 |
| 3 | F.N.B. Corp. Hermitage, Pa. | Omega Financial Corp. State College, Pa. | Nov. 8 | 378.1 | 1.14 | 18.20 | 1,782,381 |
| 4 | Oritani Financial Corp. Township of Washington, N.J. | Greater Community Bancorp Totowa, N.J. | Nov. 13 | 187.5 | 2.64 | 34.37 | 980,674 |
| 5 | S&T Bancorp Inc. Indiana, Pa. | IBT Bancorp Inc. Irwin, Pa. | Dec. 16 | 173.7 | 2.76 | 22.38 | 773,825 |
| 6 | SunTrust Banks Inc. Atlanta | GBank and Trust Bancshares Inc. Gainesville, Ga. | Nov. 2 | 153.7 | 0.65 | 16.88 | 1,985,130 |
| 7 | Independent Bank Corp. Rockland, Mass. | Slades Ferry Bancorp. Somerset, Mass. | Oct. 11 | 105.2 | 2.07 | 28.06 | 628,320 |
| 8 | PremierWest Bancorp Medford, Ore. | Stockmans Financial Group Elk Grove, Calif. | Oct. 19 | 88.5 | 2.46 | 15.31 | 377,909 |
| 9 | Old Second Bancorp Inc. Aurora, Ill. | HeritageBanc Inc. Frankfort, Ill. | Nov. 5 | 86.0 | 3.03 | 24.55 | 341,946 |
| 10 | First Defiance Financial Corp. Ohio | Pavilion Bancorp Inc. Adrian, Mich. | Oct. 2 | 54.6 | 1.89 | 21.83 | 291,200 |
| 11 | Community Bankers Acquisition Corp. Alexandria, Va. | BOE Financial Services of Virginia Inc. Tappahannock | Dec. 13 | 52.0 | 1.77 | 17.79 | 294,767 |
| 12 | Eagle Bancorp Inc. Bethesda, Md. | Fidelity and Trust Financial Corp. Bethesda, Md. | Dec. 2 | 48.8 | 1.37 | NM | 452,027 |
| 13 | Century Commercial Bancorp Inc. Parma, Ohio | Liberty Bank Beachwood, Ohio | Nov. 27 | 35.9 | 1.78 | 21.38 | 227,282 |
| 14 | Tompkins Financial Corp. Ithaca, N.Y. | Sleepy Hollow Bancorp Inc. N.Y. | Nov. 9 | 30.2 | 2.76 | 46.53 | 244,941 |
| 15 | CCFNB Bancorp Inc. Bloomsburg, Pa. | Columbia Financial Corp. Bloomsburg, Pa. | Nov. 29 | 26.2 | NA | NM | 315,084 |
| 16 | Home Federal Bancorp Inc. of Louisiana Shreveport | First Louisiana Bancshares Inc. Shreveport | Dec. 11 | 23.7 | 2.20 | 22.66 | 121,095 |
| 17 | First Guaranty Bancshares Inc. Hammond, La. | First Community Holding Co. Hammond, La. | Nov. 2 | 19.0 | 2.75 | 14.16 | 143,776 |
| 18 | Premier Financial Bancorp Inc. Huntington, W.Va. | Traders Bankshares Inc. Spencer, W.Va. | Nov. 27 | 18.1 | 1.53 | 26.03 | 106,027 |
| 19 | Four Oaks Fincorp Inc. N.C. | Longleaf Community Bank Rockingham, N.C. | Dec. 10 | 13.4 | 1.69 | NM | 57,634 |
| 20 | Greenfield Bancorp. Ltd. Greenfield, Iowa | Union State Bank Greenfield, Iowa | Oct. 2 | 12.1 | 2.00 | 20.62 | 48,404 |
| 21 | Premier Financial Bancorp Inc. Huntington, W.Va. | Citizens First Bank Inc. Ravenswood, W.Va. | Oct. 24 | 11.7 | 1.97 | 22.72 | 59,062 |
| 22 | Longview Capital Corp. Newman, Ill. | BGC Bancorp Inc. Gibson City, Ill. | Oct. 8 | 10.5 | 1.42 | 25.12 | 59,543 |
| 23 | Caldwell Holding Co. Columbia, La. | Citizens Progressive Bank Columbia, La. | Oct. 10 | 8.7 | 1.91 | 15.90 | 41,141 |
| 24 | Peoples Bancorp Rock Valley, Iowa | Hawarden Banshares Inc. Iowa | Oct. 19 | 8.5 | 1.89 | 22.74 | 45,703 |
| 25 | Carroll Financial Services Inc. Huntingdon, Tenn. | Bradford Bancshares Inc. Tenn. | Nov. 5 | 8.4 | 1.33 | 22.64 | 36,866 |
| 26 | Anita Bancorp. Atlantic, Iowa | Meta Financial Group Inc. Storm Lake, Iowa | Nov. 29 | 8.3 | 1.47 | NM | 39,131 |
| 27 | Porter Bancorp Inc. Louisville | Blue River Bancshares Inc. Shelbyville, Ind. | Oct. 23 | 5.0 | NA | NA | 88,770 |
| 28 | First Community Bancshares Inc. Overland Park, Kan. | NKC Bancshares Inc. North Kansas City, Mo. | Nov. 9 | 4.1 | 1.72 | NM | 34,582 |
| 29 | Hancock Bancorp Inc. Hawesville, Ky. | Community First Bancorp Inc. Madisonville, Ky. | Dec. 3 | 3.6 | 1.61 | NM | 81,507 |
| 30 | First NBC Bank Holding Co. New Orleans | Dryades Bancorp Inc. New Orleans | Nov. 20 | 2.9 | 1.03 | NM | 80,154 |
| 31 | River Valley Bancorp Inc. Davenport, Iowa | Horizon Financial Services Corp. Oskaloosa, Iowa | Oct. 2 | 2.7 | 0.52 | NM | 120,325 |
| 32 | Private Investors Washington | Independence Federal Savings Bank Washington | Nov. 8 | 1.0 | 1.82 | NM | 159,260 |
| 33 | BancMidwest Corp. St. Paul | Hiawatha Bancshares Inc. Hager City, Wis. | Nov. 27 | NA | NA | NA | 41,894 |
| 34 | Cedar Valley Bankshares Ltd. Charles City, Iowa | Thornton Bancshares Inc. Iowa | Nov. 18 | NA | NA | NA | 20,999 |
| 35 | First Priority Financial Corp. Malvern, Pa. | Prestige Community Bank Newtown, Pa. | Oct. 25 | NA | NA | NA | NA |
| 36 | First State Bancshares Inc. Ida Grove, Iowa | Odebolt State Bank Iowa | Nov. 30 | NA | NA | NA | 5,977 |
| 37 | First Volunteer Corp. Chattanooga, Tenn. | Benton Bancshares Inc. Tenn. | Dec. 11 | NA | NA | NA | 107,986 |
| 38 | Floridian Financial Group Inc. Daytona Beach, Fla. | Orange Bank of Florida Orlando | Oct. 31 | NA | NA | NA | 151,349 |
| 39 | Highland Bancshares Inc. St. Michael, Minn. | Ridgedale Financial Services Inc. Minnetonka, Minn. | Oct. 16 | NA | NA | NA | 95,314 |
| 40 | JSA Family Limited Partnership Jacksonville, Tex. | Morrill Bancshares Inc. Merriam, Kan. | Nov. 14 | NA | NA | NA | 172,891 |
| 41 | Klein Financial Inc. Chaska, Minn. | Hansen Freeborn Inc. Savage, Minn. | Oct. 30 | NA | NA | NA | 118,364 |
| 42 | Merchants Bancorp of Pennsylvania Inc. Kittanning | Snyder Holding Corp. Kittanning, Pa. | Nov. 15 | NA | NA | NA | 174,664 |
| 43 | Osage Bancshares Inc. Pawhuska, Okla. | Barnsdall State Bank Okla. | Nov. 5 | NA | NA | NA | 11,850 |
| 44 | Valley View Bancshares Inc. Overland Park, Kan. | Valley Bancshares Inc. Roeland Park, Kan. | Nov. 14 | NA | NA | NA | 42,236 |
Note: Data as of January 3, 2008
Source: SNL Financial, Charlottesville, Va.
© 2007 American Banker