Bank and Thrift Merger Deals Announced in the Second Quarter of 2008
July 24, 2008, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Merger Deals Announced in the Second Quarter of 2008
Bank and Thrift Merger Deals Announced in the Second Quarter of 2008Ranked by announced price Published July 24, 2008 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Rank | Buyer | Seller | Date | Price (millions) | | Seller's | ||
| Equity | | | ||||||
| 1 | Caja de Ahorros y Monte de Piedad de Madrid | City National Bancshares Inc. Miami | Apr 8 | $927.0 | 3.33 | 25.08 | $2,761,338 | |
| 2 | CapitalSource Inc. Chevy Chase, Md. | Fremont General Corp. Brea, Calif. | Apr 13 | 170 | NA | NA | NA | |
| 3 | Whitney Holding Corp. New Orleans | Parish National Corp. Covington, La. | Jun 9 | 165.0 | 2.65 | 17.76 | 762,975 | |
| 4 | Harleysville National Corp. Pa. | Willow Financial Bancorp Inc. Wayne, Pa. | May 20 | 161.5 | 0.81 | 27.69 | 1,568,858 | |
| 5 | First Citizens Bancorp. Inc. Columbia, S.C. | Community Bankshares Inc. Orangeburg, S.C. | Jun 25 | 95.8 | 1.76 | 35.93 | 584,613 | |
| 6 | First Place Financial Corp. Warren, Ohio | Camco Financial Corp. Cambridge, Ohio | May 7 | 93.7 | 1.08 | 47.01 | 1,032,217 | |
| 7 | Pinnacle Bancorp Inc. Central City, Neb. | First Azle Bancshares Inc. Tex. | May 23 | 47.3 | 2.76 | 18.12 | 202,300 | |
| 8 | FBOP Corp. Oak Park, Ill. | PFF Bancorp Inc. Rancho Cucamonga, Calif. | Jun 13 | 30.5 | 0.25 | NM | 4,102,452 | |
| 9 | Rurban Financial Corp. Defiance, Ohio | NBM Bancorp Inc. Montpelier, Ohio | May 22 | 25.0 | 1.38 | 27.65 | 109,193 | |
| 10 | Central Valley Community Bancorp Fresno | Service 1st Bancorp Tracy, Calif. | May 28 | 23.4 | 1.33 | 61.26 | 243,571 | |
| 11 | First Clover Leaf Financial Corp. Edwardsville, Ill. | Partners Financial Holdings Inc. Glen Carbon, Ill. | Apr 30 | 22.3 | 1.92 | 34.68 | 151,260 | |
| 12 | Stockmens Financial Corp. Rapid City, S.D. | Homestead Financial Corp. Beatrice, Neb. | Apr 21 | 15.4 | 1.48 | 67.13 | 178,361 | |
| 13 | Savings Bank of Maine Gardiner | Rivergreen Bank Kennebunk, Maine | Apr 24 | 13.0 | 1.86 | NM | 108,494 | |
| 14 | Summit Financial Group Inc. Moorefield, W.Va. | Greater Atlantic Financial Corp. Reston, Va. | Jun 9 | 12.1 | 3.69 | NM | 230,420 | |
| 15 | Nova Financial Holdings Inc. Berwyn, Pa. | Pennsylvania Business Bank Philadelphia | Apr 17 | 11.1 | 1.37 | NM | 121,029 | |
| 16 | First Arkansas Bancshares Inc. Jacksonville | M&P Community Bancshares Inc. Newport, Ark. | May 30 | 9.7 | 1.92 | 19.09 | 63,045 | |
| 17 | Equity Bancshares Inc. Andover, Kan. | Downing Partnership LP Ellis, Kan. | Apr 17 | 8.3 | 1.33 | 20.02 | 63,982 | |
| 18 | CSB Bancorp Inc. Millersburg, Ohio | Indian Village Bancorp Inc. Gnadenhutten, Ohio | May 14 | 8.1 | 1.02 | NM | 95,618 | |
| 19 | First Place Financial Corp. Warren, Ohio | OC Financial Inc. Dublin, Ohio | Apr 2 | 7.5 | 1.25 | NM | 63,886 | |
| 20 | BancIndependent Inc. Sheffield, Ala. | Citizens Bancorp of Lawrence Moulton, Ala. | Jun 26 | NA | NA | NA | 143,578 | |
| 21 | Capstone Bancshares Inc. Tuscaloosa, Ala. | Security Federal Bancorp Inc. Tuscaloosa, Ala. | May 30 | NA | NA | NA | 227,788 | |
| 22 | CBT Corp. Inc. Big Timber, Mont. | Continental National Bank of Harlowton Mont. | May 13 | NA | NA | NA | 41,736 | |
| 23 | Charter Bankshares Inc. Eau Claire, Wis. | Peregrine Corp. Chaska, Minn. | Apr 17 | NA | NA | NA | 44,674 | |
| 24 | First Perry Bancorp Inc. Marysville, Pa. | HNB Bancorp Inc. Halifax, Pa. | Jun 18 | NA | NA | NA | 63,146 | |
| 25 | First Security Bancorp Searcy, Ark. | Union Bancshares of Benton Inc. Ark. | May 1 | NA | NA | NA | 138,178 | |
| 26 | Hometown Community Bancorp Inc. Morton, Ill. | Alpha Financial Group Inc. Toluca, Ill. | Jun 17 | NA | NA | NA | 80,047 | |
| 27 | Lone Star State Bancshares Inc. Lubbock | First of Brownfield Corp. Tex. | Jun 6 | NA | NA | NA | 90,528 | |
| 28 | Natcom Bancshares Inc. Superior, Wis. | Superior Bancorp Wis. | Jun 18 | NA | NA | NA | 144,745 | |
| 29 | Private Investor-R. Craig Pica Burlingame, Calif. | Silver Queen Financial Services Inc. Greenwood Village, Colo. | May 16 | NA | NA | NA | 177,872 | |
| 30 | ST Financial Group Inc. Montgomery, Tex. | Snook Bancshares Inc. Tex. | May 28 | NA | NA | NA | 45,771 | |
| 31 | Wells Fargo & Co. San Francisco | F.S.B. Bancorp. Inc. Fort Morgan, Col. | Jun 19 | NA | NA | NA | 114,745 | |
Note: Data as of July 8, 2008.
Source:SNL Financial
, Charlottesville, Va.© 2008 American Banker