Bank and Thrift Merger Deals Announced in the Third Quarter of 2010
Published October 26, 2010, 4:01 p.m. EDT
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Updated October 26, 2010, 3:01 p.m. EDT
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Bank and Thrift Merger Deals Announced in the Third Quarter of 2010
Bank and Thrift Merger Deals Announced in the Third Quarter of 2010Ranked by date at announcement | |||||||
|---|---|---|---|---|---|---|---|
| Buyer | Target | Announced | Deal value (millions) | Deal value/ Equity | Deal value/ Net income | Target assets ($000s) | |
| 1 | Investor group | Northern State Bank Closter, N.J. | July 1 | NA | NM | NM | $63,208 |
| 2 | Peoples Bancorp Inc. Prairie du Chien, Wis. | Woodhouse and Bartley Bank Bloomington, Wis. | July 2 | NA | NA | NA | 28,017 |
| 3 | NBH Holdings Corp. Boston | Bank Midwest Kansas City, Mo. (operations) | July 6 | NA | NA | NA | NA |
| 4 | Farmers Enterprises Inc. Great Bend, Kan. | First National Bank and Trust Co. in Larned Kan. | July 7 | NA | NA | NA | 33,383 |
| 5 | Investor group | Sun Bancorp Inc. Vineland, N.J. | July 7 | NA | 42.6% | NM | 3,531,998 |
| 6 | BancFirst Corp. Oklahoma City | Union National Bancshares Inc. Chandler, Okla. | July 13 | $18.2 | 162.7 | 15.0 | 131,468 |
| 7 | Florida Bank Group Inc. Tampa | Anderen Financial Inc. Palm Harbor, Fla. | July 14 | NA | NA | NA | 146,685 |
| 8 | Grandpoint Bank Santa Ana, Calif. | First Commerce Bancorp Encino, Calif. | July 14 | 43.2 | 134.2 | 43.9 | 348,307 |
| 9 | FSC Bancshares Inc. Cameron, Mo. | Fairfax Bancshares Inc. Mo. | July 15 | NA | NA | NA | 14,587 |
| 10 | People’s United Financial Inc. Bridgeport, Conn. | LSB Corp. North Andover, Mass. | July 15 | 95.9 | 154.5 | 17.1 | 806,567 |
| 11 | People’s United Financial Inc. Bridgeport, Conn. | Smithtown Bancorp Inc. Hauppauge, N.Y. | July 15 | 60.1 | 48.9 | NM | 2,429,537 |
| 12 | TowneBank Portsmouth, Va. | Bank of Currituck Moyock, N.C. (banking operations) | July 16 | 10.0 | NA | NA | 173,000 |
| 13 | SCJ Inc. Irvine, Calif. | Professional Business Bank Pasadena, Calif. | July 20 | NA | NA | NA | 304,859 |
| 14 | Kirkwood Bancorp. Co. Bismarck, N.D. | Eagle Valley Bank St. Croix Falls, Wis. | July 22 | NA | NA | NA | 192,022 |
| 15 | Liberty Bank Middletown, Conn. | Connecticut River Community Bank Wethersfield | July 23 | 16.1 | 115.2 | NM | 175,150 |
| 16 | Shay Investment Services Inc. Miami | Texas Country Bank Lakeway | July 23 | NA | NA | NA | 66,274 |
| 17 | First Peoples Bancorp Inc. Jefferson City, Tenn. | First Peoples Bank of Tennessee Jefferson City | July 27 | 5.8 | 66.4 | NM | 126,287 |
| 18 | Charles Beach III (private investor) Beattyville, Ky. | Genbeach Co. Inc. Beattyville, Ky. | Aug. 9 | 0.8 | NA | NA | 313,171 |
| 19 | F.N.B. Corp. Hermitage, Pa. | Comm Bancorp Inc. Clarks Summit, Pa. | Aug. 9 | 67.8 | 126.4 | NM | 641,765 |
| 20 | Everest Bancshares Inc. Kan. | Bancshares of McLouth Inc. Kan. | Aug. 10 | 4.5 | 59.0 | 11.8 | 39,128 |
| 21 | Investor group | Southern Arizona Community Bank Tucson | Aug. 17 | 12.5 | 125.0 | 14.7 | 96,747 |
| 22 | First Niagara Financial Group Inc. Buffalo | NewAlliance Bancshares Inc. New Haven, Conn. | Aug. 18 | 1,498.0 | 102.3 | 26.1 | 8,712,097 |
| 23 | Narragansett Financial Corp. Fall River, Mass. | Bank of Fall River Mass. | Aug. 20 | NA | NA | NA | 163,291 |
| 24 | OneCalifornia Bancorp Inc. Oakland | ShoreBank Pacific Ilwaco, Wash. | Aug. 21 | NA | NA | NA | 196,292 |
| 25 | Hometown Community Bancorp Inc. Morton, Ill. | CSBC Financial Corp. Cropsey, Ill. | Aug. 23 | 2.1 | 124.1 | NM | 41,967 |
| 26 | California United Bank Encino | California Oaks State Bank Thousand Oaks | Aug. 24 | 17.3 | 102.6 | NM | 136,732 |
| 27 | Customers USA Bank Phoenixville, Pa. | Berkshire Bancorp Inc. Wyomissing, Pa. | Aug. 24 | NA | NA | NA | 147,083 |
| 28 | Investor group | Royal Asian Bank Philadelphia | Aug. 25 | 12.3 | 102.5 | NM | 94,526 |
| 29 | Zaring Group Holdings LLC Riverwoods, Ill. | First Suburban Bancorp Corp. Maywood, Ill. | Aug. 25 | NA | NA | NA | 148,722 |
| 30 | Henderson Texas Bancshares Inc. | Prosper Bancshares Inc. Texas | Aug. 26 | NA | 70.4 | NM | NA |
| 31 | Leesburg Federal Savings Bank Ohio | Home Builders Association Lynchburg, Ohio | Aug. 26 | NA | NA | NA | 25,574 |
| 32 | Geneva State Co. Neb. | Fairmont Farmers State Co. Neb. | Aug. 31 | NA | NA | NA | 9,904 |
| 33 | Pinnacle Bancorp Inc. Central City, Neb. | American National Bank of Fremont Neb. | Aug. 31 | NA | NA | NA | 166,853 |
| 34 | Stonegate Bank Fort Lauderdale, Fla. | Southwest Capital Bancshares Inc. Fort Myers, Fla. | Aug. 31 | 9.4 | 61.2 | NM | NA |
| 35 | Old Line Bancshares Inc. Bowie, Md. | Maryland Bankcorp Inc. Lexington Park | Sep. 1 | 20.0 | 79.3 | NM | 348,063 |
| 36 | BancFirst Corp. Oklahoma City | Exchange Bancshares of Moore Inc. Okla. | Sep. 2 | NA | NA | NA | 145,707 |
| 37 | Investor group | Prosperity Bank St. Augustine, Fla. | Sep. 2 | NA | 62.8 | NM | 873,367 |
| 38 | First Federal Savings and Loan Association of Lakewood Ohio | Century Bank Parma, Ohio | Sep. 7 | NA | NA | NA | 129,536 |
| 39 | Investor group | Colonial American Bank Horsham, Pa. | Sep. 7 | NA | 97.8 | NM | 23,812 |
| 40 | Investor group | Bay Cities National Bank Redondo Beach, Calif. | Sep. 7 | NA | 98.3 | NM | 273,112 |
| 41 | First Financial Bankshares Inc. Abilene, Texas | Sam Houston Financial Corp. Huntsville, Texas | Sep. 8 | 22.2 | 143.4 | 10.5 | 159,101 |
| 42 | BankFinancial Corp. Burr Ridge, Ill. | DG Bancorp Inc. Downers Grove, Ill. | Sep. 13 | 2.0 | 15.0 | NM | 240,068 |
| 43 | Investor group | Tri-Valley Bank San Ramon, Calif. | Sep. 13 | 1.2 | 65.8 | NM | 82,275 |
| 44 | Investor group | State Bank of Leon Kan. | Sep. 17 | NA | NA | NA | 9,673 |
| 45 | Cendera Holdings Inc. Fort Worth, Texas | First Bells Bankshares Inc. Bells, Texas | Sep. 23 | NA | NA | NA | 44,209 |
| 46 | Rigler Investment Co. New Hampton, Iowa | State Bank and Trust Co. Waverly, Iowa | Sep. 24 | NA | NA | NA | 144,977 |
| 47 | Carlile Bancshares Inc. Fort Worth, Texas | Treaty Oak Bank Austin, Texas | Sep. 29 | NA | NA | NA | 118,639 |
| 48 | BancFirst Corp. Oklahoma City | OK Bancorp. Inc. Okemah, Okla. | Sep. 30 | NA | NA | NA | 70,043 |
Data as of Oct. 14, 2010. Excludes terminated deals.
Source:
SNL Financial
, Charlottesville, Va. © 2010 American Banker