Bank and Thrift Merger Deals Announced in the Third Quarter of 2009
October 20, 2009, 3:55 p.m. EDT 1 Min Read
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Bank and Thrift Merger Deals Announced in the Third Quarter of 2009
Bank and Thrift Merger Deals Announced in the Third Quarter of 2009Ranked by price at announcement | ||||||||
---|---|---|---|---|---|---|---|---|
Rank | Seller | Announced | Completed | Price (millions) | Price to: | Target's assets | ||
Equity | 12-mo. Net | |||||||
1 | First Niagara Financial Group Inc. Lockport, N.Y. | Harleysville National Corp. Pa. | July 26 | Pending | $239.8 | 50.62 | 10.71 | $5,646,195 |
2 | Investor group | Boston Private Financial Holdings Inc. (1) | Sep. 17 | Sep. 17 | 93.0 | 74.16 | NM | 1,522,104 |
3 | First American Financial Management Co. Del. | Capitol Bancorp Ltd. Lansing, Mich. (2) | July 15 | Pending | 15.9 | 150.00 | 19.47 | 146,645 |
4 | Royal Asian Bancshares Inc. Pa. | Royal Bancshares of Pennsylvania Inc. Narberth (3) | Sep. 24 | Pending | 15.2 | NA | NA | 119,129 |
5 | Investor group | Texas Enterprise Bank Bryan | Sep. 18 | Pending | 12.0 | 274.08 | NM | 64,549 |
6 | Investor group | Capitol Bancorp Ltd. Lansing, Mich. (4) | July 10 | Pending | 10.1 | 160.00 | NM | 63,139 |
7 | Investor group New York | Capitol Bancorp Ltd. Lansing, Mich. (5) | July 13 | Pending | 8.5 | 150.01 | NM | 45,390 |
8 | Bank4Texas Holdings Inc. Tomball | Northern Bancshares Inc. Chillicothe, Texas | Aug. 5 | Pending | 7.5 | 93.62 | 41.21 | 39,199 |
9 | First Business Bank San Diego | 1st Pacific Bancorp San Diego | July 16 | Pending | 7.0 | 31.21 | NM | 450,769 |
10 | Management group | Capitol Bancorp Ltd. Lansing, Mich. (6) | July 8 | Pending | 5.1 | 142.01 | NM | 70,823 |
11 | Artisan Financial Corp. Barrington, Ill. | Valley Community Bancorp Inc. St. Charles, Ill. | July 10 | Pending | 2.8 | 17.20 | NM | 177,581 |
12 | Banco Sabadell SA Sabadell, Spain | Bank of New York Mellon Corp. | July 23 | Pending | NA | NA | NA | 2,371,823 |
13 | Community Trust Financial Corp. Ruston, La. | Madison Financial Corp. Miss. | Sep. 11 | Pending | NA | NA | NA | 68,044 |
14 | Edgar County Banc Shares Inc. Paris, Ill. | Iroquois Bancorp Inc. Gilman, Ill. (8) | Aug. 19 | Pending | NA | NA | NA | 43,081 |
15 | First Farmers Financial Corp. Converse, Ind. | C. B. Bank Shares Inc. Russiaville, Ind. | Aug. 13 | Pending | NA | NA | NA | 54,576 |
16 | First Waterloo Bancshares Inc. Ill. | Red Bud Bancorp Inc. Ill. | Sep. 18 | Pending | NA | NA | NA | 105,501 |
17 | Global Consumer Acquisition Corp. New York | Service1st Bank of Nevada Las Vegas | Sep. 8 | Nonbinding intent | NA | 100.00 | NA | 204,103 |
18 | Golden Pacific Bancorp Inc. Sacramento | Gold Country Financial Services Inc. Marysville, Calif. | Aug. 6 | Pending | NA | NA | NA | 100,935 |
19 | Howard County Land and Cattle Co. St. Paul, Neb. | Central Bancorp. Central City, Neb. | July 1 | Pending | NA | NA | NA | 20,944 |
20 | Klein Financial Inc. Chaska, Minn. | CommunityOne BancShares Inc. Plymouth, Minn. (9) | July 2 | Pending | NA | NA | NA | 67,065 |
21 | Ladder Capital Finance Holdings LLC New York | FirstCity Bank of Commerce North Palm Beach, Fla. | July 7 | Pending | NA | NA | NA | 35,432 |
22 | Linn County Bancshares Inc. Brookfield, Mo. | First Missouri Bancshares Inc. Brookfield | Sep. 8 | Pending | NA | NA | NA | 111,541 |
23 | Max Bancorp LLC New York | Sandhills Holding Co. Inc. North Myrtle Beach, S.C. | Aug. 12 | Pending | NA | NA | NA | 66,792 |
24 | Meridian Interstate Bancorp Inc. (MHC) East Boston | Mt. Washington Co-operative Bank South Boston | July 20 | Pending | NA | NA | NA | 517,675 |
25 | Patriot Bancshares Inc. Houston | TCB Holding Co. The Woodlands, Texas (10) | Sep. 4 | Pending | NA | NA | NA | 570,338 |
26 | W. Jeffrey Knowles (private investor) Orem, Utah | Centennial Bankshares Inc. Ogden, Utah (11) | Sep. 16 | Pending | NA | NA | NA | 232,936 |
27 | Savings Bank of Mendocino County Ukiah, Calif. | Bank of Willits Calif. | Aug. 19 | Pending | NA | NA | NA | 132,353 |
(
1
) Target is Gibraltar Private Bank and Trust Co. (Coral Gables, Fla.) (
2
) Target is Community Bank of Rowan (Salisbury, N.C.) (
3
) Target is Royal Asian Bank (Philadelphia) (
4
) Target is Bank of Santa Barbara (Calif.) (
5
) Target is 1st Commerce Bank (North Las Vegas) (
6
) Target is Bank of Belleville (Ill.) (
7
) Target is Mellon United National Bank (Miami) (
8
) Target is First National Bank of Gilman (Ill.) (
9
) Target is Community Bank Plymouth (Minn.) (
10
) Target is Texas Community Bank (The Woodlands) Back to Top
Data as of Oct. 9, 2009
Source:
SNL Financial
, Charlottesville, Va. © 2009 American Banker