Bank and Thrift Merger Deals Announced in the Third Quarter of 2007
Published October 17, 2007, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Bank and Thrift Merger Deals Announced in the Third Quarter of 2007
Bank and Thrift Merger Deals Announced in the Third Quarter of 2007Ranked by announced price Published October 17, 2007 | |||||||
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| Related Table: Deals With Highest Announced Price to Equity | |||||||
| Price Millions | | (thousands) | |||||
| Buyer | Seller | | | | |||
| 1 | Royal Bank of Canada Toronto | Alabama National BanCorp. Birmingham | Sept. 5 | $1,670.3 | 1.93 | 19.74 | $7,902,537 |
| 2 | Fifth Third Bancorp Cincinnati | First Charter Corp. Charlotte | Aug. 15 | 1,088.6 | 2.44 | 23.66 | 4,916,721 |
| 3 | KeyCorp Cleveland | U.S.B. Holding Co. Inc. Orangeburg, N.Y. | July 26 | 585.2 | 2.56 | 19.86 | 3,029,756 |
| 4 | PNC Financial Services Group Inc. Pittsburgh | Sterling Financial Corp. Lancaster, Pa. | July 19 | 559.9 | 3.38 | 28.78 | 3,276,967 |
| 5 | M&T Bank Corp. Buffalo | Partners Trust Financial Group Inc. Utica, N.Y. | July 18 | 555.8 | 1.13 | 25.72 | 3,726,794 |
| 6 | Marshall & Ilsley Corp. Milwaukee | First Indiana Corp. Indianapolis | July 8 | 540.1 | 3.05 | 22.13 | 2,124,363 |
| 7 | National Penn Bancshares Inc. Boyertown, Pa. | KNBT Bancorp Inc. Bethlehem, Pa. | Sept. 6 | 460.1 | 1.31 | 23.34 | 2,888,789 |
| 8 | Banco Popular Espanol SA Madrid | Total Bancshares Corp. Miami | July 10 | 300.0 | 3.48 | 21.62 | 1,357,365 |
| 9 | First Interstate BancSystem Inc. Billings, Mont. | First Western Bancorp Inc. Huron, S.D. | Sept. 18 | 251.4 | 3.12 | 17.43 | 889,146 |
| 10 | Virginia Financial Group Inc. Culpeper | FNB Corp. Christiansburg, Va. | July 26 | 240.2 | N.M. | N.M. | 1,529,670 |
| 11 | Colonial BancGroup Inc. Montgomery, Ala. | Citrus and Chemical Bancorp. Inc. Bartow, Fla. | July 17 | 204.0 | 3.34 | 25.60 | 875,587 |
| 12 | WesBanco Inc. Wheeling, W.Va. | Oak Hill Financial Inc. Jackson, Ohio | July 19 | 199.0 | 2.08 | 19.28 | 1,287,263 |
| 13 | Pinnacle Financial Partners Inc. Nashville | Mid-America Bancshares Inc. Nashville | Aug. 15 | 196.9 | 1.88 | 46.61 | 1,069,363 |
| 14 | BMO Financial Group Toronto | Ozaukee Bank Cedarburg, Wis. | July 10 | 190.0 | 3.69 | 21.95 | 694,426 |
| 15 | Washington Federal Inc. Seattle | First Mutual Bancshares Inc. Bellevue, Wash. | July 2 | 189.8 | 2.62 | 17.29 | 1,056,847 |
| 16 | Frontier Financial Corp. Everett, Wash. | Washington Banking Co. Oak Harbor, Wash. | Sept. 26 | 186.6 | 2.95 | 22.17 | 852,056 |
| 17 | First Niagara Financial Group Inc. Lockport, N.Y. | Great Lakes Bancorp Inc. Buffalo | Sept. 9 | 151.5 | 1.13 | N.M. | 891,973 |
| 18 | BMO Financial Group Toronto | Merchants and Manufacturers Bancorp. Inc. New Berlin, Wis. | July 9 | 136.9 | 1.45 | 32.25 | 1,501,627 |
| 19 | United Community Financial Corp. Youngstown, Ohio | PVF Capital Corp. Solon, Ohio | July 24 | 135.6 | 1.9 | 26.73 | 907,553 |
| 20 | Anchor BanCorp Wisconsin Inc. Madison | S&C Banco Inc. New Richmond, Wis. | July 11 | 106.0 | 2.13 | 20.13 | 407,380 |
| 21 | Cape Savings Bank Cape May Court House, N.J. | Boardwalk Bancorp Inc. Linwood, N.J. | July 26 | 100.9 | 2 | 63.64 | 454,045 |
| 22 | ISB Financial Corp. Iowa City | MidWestOne Financial Group Inc. Oskaloosa, Iowa | Sept. 11 | 92.3 | N.M. | N.M. | 749,055 |
| 23 | Integra Bank Corp. Evansville, Ind. | Peoples Community Bancorp Inc. West Chester, Ohio | Sept. 12 | 87.5 | 1.01 | N.M. | 1,021,180 |
| 24 | JLL Partners Inc. New York | FC Holdings Inc. Houston | Sept. 6 | 75.0 | 2.79 | N.M. | NA |
| 25 | Camden National Corp. Maine | Union Bankshares Co. Ellsworth, Maine | Aug. 13 | 73.3 | 1.76 | 18.79 | 565,087 |
| 26 | Frontier Financial Corp. Everett, Wash. | Bank of Salem Ore. | July 25 | 68.9 | 2.51 | 13.80 | 210,158 |
| 27 | Center Financial Corp. Los Angeles | First Intercontinental Bank Doraville, Ga. | Sept. 18 | 65.2 | 2.96 | 35.02 | 232,000 |
| 28 | First National Bancshares Inc. Spartanburg, S.C. | Carolina National Corp. Columbia, S.C. | Aug. 26 | 59.3 | 1.88 | 30.77 | 225,666 |
| 29 | Community Bankers Acquisition Corp. Alexandria, Va. | TransCommunity Financial Corp. Glen Allen, Va. | Sept. 5 | 48.5 | 1.62 | N.M. | 214,721 |
| 30 | Belvedere Capital Partners II LLC San Francisco | First National Bank Holding Co. Scottsdale, Ariz. | Aug. 1 | 47.0 | NA | NA | 245,452 |
| 31 | SCBT Financial Corp. Columbia, S.C. | TSB Financial Corp. Charlotte | Aug. 29 | 43.4 | 2.79 | 33.37 | 192,940 |
| 32 | First Corbin Bancorp Inc. Corbin, Ky. | Eagle Fidelity Inc. Williamstown, Ky. | Aug. 14 | 40.8 | 1.97 | 24.23 | 156,067 |
| 33 | First Bancorp Troy, N.C. | Great Pee Dee Bancorp Inc. Cheraw, S.C. | July 12 | 37.6 | 1.37 | 22.51 | 218,994 |
| 34 | Belvedere Capital Partners II LLC San Francisco | Spectrum Bank Irvine, Calif. | Aug. 1 | 37.0 | 2.98 | 28.11 | 158,620 |
| 35 | IBT Bancorp Inc. Mount Pleasant, Mich. | Greenville Community Financial Corp. Mich. | Aug. 21 | 33.7 | 2.87 | 35.28 | 107,154 |
| 36 | Home Bancshares Inc. Conway, Ark. | Centennial Bancshares Inc. Kingsland, Ark. | Aug. 24 | 29.6 | 1.93 | 25.69 | 198,889 |
| 37 | Community Bancorp. Derby, Vt. | LyndonBank Lyndonville, Vt. | Aug. 1 | 26.7 | 1.92 | 33.95 | 159,588 |
| 38 | Community First Inc. Columbia, Tenn. | First National Bank of Centerville Tenn. | Aug. 1 | 22.8 | 1.53 | 23.68 | 102,595 |
| 39 | First Banks Inc. Clayton, Mo. | Coast Financial Holdings Inc. Bradenton, Fla. | Aug. 3 | 22.1 | 0.4 | N.M. | 834,054 |
| 40 | Legend Bancorp Inc. Bowie, Tex. | Bonstate Bancshares Inc. Bonham, Tex. | July 3 | 21.1 | 2.03 | 24.12 | 89,339 |
| 41 | Watertown Savings Bank N.Y. | Northern New York Bancorp Inc. Watertown | Sept. 4 | 18.6 | 2.33 | 44.59 | 92,387 |
| 42 | St. Martin Bancshares Inc. St. Martinville, La. | Community Bancorp of Louisiana Inc. Raceland | Aug. 27 | 15.1 | 1.49 | 17.91 | 61,490 |
| 43 | Magnolia Banking Corp. Magnolia, Ark. | Southern State Bancshares Inc. Malvern, Ark. | Sept. 12 | 13.6 | 1.96 | 20.41 | 79,919 |
| 44 | Regent Capital Corp. Nowata, Okla. | Regent Bancshares Inc. Nowata, Okla. | July 25 | 11.8 | 1.6 | 34.58 | 78,127 |
| 45 | MY Financial Co. Denver | Sistersville Bancorp Inc. W.Va. | July 17 | 11.3 | 1.37 | 44.33 | 52,506 |
| 46 | Pan American Acquisition Inc. Oak Brook, Ill. | JD Financial Group Inc. Chicago | July 18 | 10.5 | 2.09 | 17.26 | 33,180 |
| 48 | Security Agency Inc. Decorah, Iowa | Merchants and Manufacturers Bancorp. Inc. New Berlin, Wis. | July 13 | 10.3 | 1.05 | 18.57 | 82,204 |
| 47 | Community Bancorp Inc. St. Charles, Mich. | MSB Holding Inc. Montrose, Mich. | July 25 | 10.3 | 2.38 | 18.37 | 60,880 |
| 49 | Farmers and Merchants Bancorp Inc. Archbold, Ohio | Knisely Financial Corp. Butler, Ind. | Sept. 7 | 10.2 | 2.09 | 26.15 | 46,063 |
| 50 | LCNB Corp. Lebanon, Ohio | Sycamore National Bank Cincinnati | Aug. 14 | 9.6 | 2.2 | 35.94 | 48,579 |
| 51 | Fidelity Homestead Savings Bank New Orleans | Your Bank Ponchatoula, La. | Aug. 10 | 7.8 | 2.04 | N.M. | 51,174 |
| 52 | ABCT Holdings Inc. Waco, Tex. | State Bank of Jewett Tex. | Aug. 2 | 7.0 | 1.97 | 16.27 | 34,139 |
| 53 | Covenant Bancshares Inc. Forest Park, Ill. | IBC Bancorp Inc. Chicago | July 13 | 5.0 | 1.92 | N.M. | 35,115 |
| 54 | M&F Bancorp Inc. Durham, N.C. | Mutual Community Savings Bank Inc. Durham, N.C. | Aug. 9 | 3.2 | 0.51 | N.M. | 77,221 |
| 55 | First Guaranty Bancshares Inc. Hammond, La. | Douglass Bancorp Inc. Kansas City | July 31 | 1.8 | 1 | N.M. | 66,003 |
| 56 | Partnership Community Bancshares Inc. Tomah, Wis. | Lebanon Community Bancshares Inc. Watertown, Wis. | Aug. 15 | 1.6 | 1.69 | 29.28 | 33,510 |
| A.N.B. Holding Co. Ltd. Terrell, Tex. | DNB Bancshares Inc. Dallas | Sept. 20 | NA | NA | NA | 77,201 | |
| Investor group | FlatIrons Bank Holding Co. Boulder | Sept. 10 | NA | NA | NA | 47,986 | |
| Equity Bancshares Inc. Andover, Kan. | Signature Bancshares Inc. Spring Hill, Kan. | Sept. 4 | NA | NA | NA | 62,304 | |
| Sterling Federal Bank FSB Sterling, Ill. | Mount Morris Savings and Loan Association Ill. | Aug. 28 | NA | NA | NA | 46,438 | |
| First York Ban Corp. York, Neb. | St. Edward Management Co. Neb. | July 24 | NA | NA | NA | 40,196 | |
| Harvard Savings MHC Ill. | Morris Building and Loan Savings Bank Ill. | July 24 | NA | NA | NA | 32,969 | |
| First National of Nebraska Inc. Omaha | Mills County Bancorp Glenwood, Iowa | July 5 | NA | NA | NA | 34,171 | |
Note: Data as of October 4, 2007
Source: SNL Financial, Charlottesville, Va.
© 2007 American Banker