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Bank and Thrift Merger Deals Announced in the Fourth Quarter of 2009

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Bank and Thrift Merger Deals Announced in the Fourth Quarter of 2009

Bank and Thrift Merger Deals Completed in the Fourth Quarter of 2009Ranked by date of announcement
Published February 11, 2010

Rank   Target name Announced Deal value ($ millions) Price to Franchise premium/core deposits (%)
Book (%) Tangible book (%) LTM earnings (x)
1 Investor group Riverside Central Florida Banking Co. Oct. 5 $15.0 188.47% 188.47% NM 9.66%
2 Stockmens LP S.D. Valentine Bancorp. Neb. Oct. 6 6.1 129.40 129.40 NM 2.27
3 Two Roa LLC Ala. RB Bancorp. Ala. Oct. 7 7.0 199.90 199.90 NM 17.39
4 Bridgewater Financial MHC Mass. East Bridgewater Savings Bank Mass. Oct. 9 NA NA NA NA NA
5 Investor group City State Bancorporation Inc. Iowa Oct. 9 2.7 89.10 89.10 NM -0.84
6 HomeTrust Bank Industrial Federal Savings Bank N.C. Oct. 13 NA NA NA NA NA
7 Diamond Bancorp Inc. Ill. DG Bancorp Inc. Ill. Oct. 14 14.3 58.33 58.33 NM -5.09
8 Community Bank Partners Inc. Colo. Palisades National Bank Colo. Oct. 15 9.3 118.40 206.39 31.00 10.87
9 Rbancshares Inc. Ohio Ohio State Bancshares Inc. Oct. 20 NA 73.91 78.00 NM -2.11
10 First National Security Co. Ark. Heritage Capital Corp. Ark. Oct. 21 39.6 163.40 163.40 17.92 9.99
11 Investor group First Republic Bank Operations Calif. Oct. 21 NA NA NA NA NA
12 Union Savings Bank Conn. First Litchfield Financial Corp. Conn. Oct. 25 36.9 155.76 155.76 NM 1.34
13 EB Financial Group Inc. Ill. Baytree National Bank and Trust Co. Ill. Oct. 27 6.9 164.74 164.74 NM 3.13
14 Bryn Mawr Bank Corp. Pa. First Keystone Financial Inc. Pa. Nov. 3 32.8 99.90 99.90 NM NA
15 American Bancor Ltd. N.D. Towner County Financial Corp. N.D. Nov. 6 NA NA NA NA NA
16 Merchants Holding Capital LLC Fla. Bayside Savings Bank Fla. Nov. 6 7.0 83.72 113.79 NM 7.45
17 Excel Financial LLC Ohio Ohio Legacy Corp. Nov. 15 NA 73.38 73.47 NM -4.83
18 OSK Inc. Minn. Texico Bancshares Corp. Ill. Nov. 20 2.5 NM NM NM NA
19 R. Dean Phillips (private investor) Ill. HNB National Bank Mo. Nov. 21 28.0 93.74 102.38 NM 0.27
20 United Community Bancorp Inc. Ill. Brown County State Bank and Marchine Bank and Trust Ill. Nov. 22 27.9 133.69 133.69 9.01 3.48
21 TLCM Holdings LLC Texas EJ Financial Corp. Texas Nov. 24 10.0 42.13 42.21 NM -9.18
22 Apollo Bancshares Inc. Fla. Union Credit Bank Fla. Nov. 30 15.0 148.21 148.21 NM 13.26
23 Investor group Domestic Bank R.I. Nov. 30 NA NA NA NA NA
24 Investor group Three Shores Bancorporation Inc. Fla. Nov. 30 40.0 NA NA NA NA
25 Badger Capital LLC Ill. Anchor BanCorp Wisconsin Inc. Dec. 1 400.0 NA NA NA NA
26 Family Bancorp Inc. Texas Medina Bankshares Inc. Texas Dec. 3 NA NA NA NA NA
27 S.B.C.P. Bancorp Inc. Wis. Black Earth State Bank Wis. Dec. 10 NA NA NA NA NA
28 Management group Ohio Commerce Bank Dec. 15 6.2 139.99 140.28 NM 9.01
29 PNBK Holdings LLC Patriot National Bancorp Inc. Conn. Dec. 16 NA 58.77 58.82 NM -6.38
30 Cherry Hills Founders Group Colo. Mountain View Bank of Commerce Colo. Dec. 17 NA NA NA NA NA
31 Tower Bancorp Inc. Pa. First Chester County Corp. Pa. Dec. 27 64.8 81.01 90.16 NM -1.04
32 Horizon Bancorp Ind. Am Tru Inc. Ind. Dec. 29 9.6 136.91 151.52 NM 3.68


Source:

SNL Financial
, Charlottesville, Va.
© 2010 American Banker

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