Bank and Thrift Merger Deals Announced in the Third Quarter of 2011
October 19, 2011, 8:16 p.m. EDT 1 Min Read
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Bank and Thrift Merger Deals Announced in the Third Quarter of 2011
Bank and Thrift Merger Deals Announced in the Third Quarter of 2011Ranked by announcement date | |||||||
|---|---|---|---|---|---|---|---|
| Buyer | Seller | Announced | Deal value (millions) | Deal value/ Equity | Deal value/ Net income (x) | Target assets ($000s) | |
| 1 | Salem Five Bancorp Mass. | Stoneham Savings Bank Mass. | July 6 | NA | NA | NA | $366,819 |
| 2 | FirstAtlantic Financial Holdings Inc. Jacksonville, Fla. | CenterBank of Jacksonville Fla. | July 20 | NA | NA | NA | 169,623 |
| 3 | Tristar Bancshares Inc. Dickson, Tenn. | Heritage Bank and Trust Columbia, Tenn. | July 21 | NA | NA | NA | 133,969 |
| 4 | Security Star Bancshares Inc. Odessa, Texas | Bank of Texas Bancshares Inc. Devine | July 22 | NA | NA | NA | 50,042 |
| 5 | USAmeriBancorp Inc. Clearwater, Fla. | Aliant Financial Corp. Alexander City, Ala. | July 22 | NA | NA | NA | 958,195 |
| 6 | Wintrust Financial Corp. Lake Forest, Ill. | Elgin State Bancorp Inc. Ill. | July 25 | $15.5 | 92.2% | NM | 288,346 |
| 7 | Eagle Bancorp Inc.Bethesda, Md. | Alliance Bankshares Corp. Chantilly, Va. | July 27 | 31.2 | 87.3 | 27.0 | 535,988 |
| 8 | First Berne Financial Corp. Ind. | AmericanTrust Federal Savings Bank MHC Peru, Ind. | July 28 | NA | NA | NA | 97,395 |
| 9 | Thomas J. Throgmorton (private investor) Carbondale, Ill. | Bellerive Bank Plymouth, Ill. | July 28 | NA | NA | NA | 9,545 |
| 10 | Tennessee Commerce Bancorp Inc. Franklin | Farmers Bank of Lynchburg Tenn. | July 28 | NA | NA | NA | 202,218 |
| 11 | Tennessee Commerce Bancorp Inc. Franklin | Peoples State Bank of Commerce Nolensville, Tenn. | July 28 | NA | NA | NA | 253,902 |
| 12 | WCM Holdings Inc. Dallas | Bank of Las Colinas Irving, Texas | Aug. 8 | NA | NA | NA | 48,698 |
| 13 | Community Bank Partners Inc. Denver | First National Bancshares Inc. Goodland, Kan. | Aug. 11 | 4.6 | 56.3 | 7.0 | 244,964 |
| 14 | Investor group in Fort Worth, Texas | First Bells Bankshares Inc. Texas | Aug. 12 | 5.9 | 113.8 | NM | 44,820 |
| 15 | Investors Bancorp Inc. MHC Short Hills, N.J. | BFS Bancorp MHC Brooklyn, N.Y. | Aug. 16 | 10.3 | 25.3 | NM | 469,929 |
| 16 | Cedar Bancorp Inc. Mount Vernon, Ill. | Dix Bancshares Inc. Ill. | Aug. 16 | NA | NA | NA | 44,570 |
| 17 | NHI Financial Services Partners LLC Lincoln, Neb. | Mountain View Bank of Commerce Westminster, Colo. | Aug. 16 | NA | NA | NA | 54,702 |
| 18 | Haverhill Bank Mass. | Economy Co-operative Bank Merrimac, Mass. | Aug. 29 | NA | NA | NA | 24,145 |
| 19 | Winding Creek Holdings LLC Ohio | Bank of Maumee Ohio | Aug. 29 | NA | NA | NA | 36,185 |
| 20 | First PacTrust Bancorp Inc. Chula Vista, Calif. | Beach Business Bank Manhattan Beach, Calif. | Aug. 30 | 37.1 | 100.1 | 18.5 | 304,209 |
| 21 | MidSouth Bancorp Inc. Lafayette, La. | First Louisiana National Bank Breaux Bridge | Aug. 30 | 19.3 | 160.6 | 25.6 | 116,160 |
| 22 | Equity Bancshares Inc. Wichita, Kan. | University National Bank of Lawrence Kan. | Aug. 30 | NA | NA | NA | 86,740 |
| 23 | Investor group in Florida | Broward Financial Holdings Inc. Fort Lauderdale, Fla. | Sept. 2 | NA | NA | NA | 117,327 |
| 24 | Grandpoint Capital Inc. Los Angeles | Regents Bancshares Inc. Vancouver, Wash. | Sept. 6 | NA | NA | NA | 354,779 |
| 25 | Goering Management Co. LLC Moundridge, Kan. | Home State Bancshares Inc. McPherson, Kan. | Sept. 8 | 18.5 | 153.4 | 25.6 | 131,122 |
| 26 | BNC Bancorp High Point, N.C. | Regent Bank Greenville, S.C. | Sept. 8 | 9.8 | 123.4 | NM | 51,865 |
| 27 | SKBHC Holdings LLC Scottsdale, Ariz. | Viking Financial Services Corp. Seattle | Sept. 8 | 7.2 | 67.9 | NM | 405,109 |
| 28 | Continental Community Bancorp. Inc. West Des Moines, Iowa | Polk County Bank Johnston, Iowa | Sept. 9 | NA | NA | NA | 98,880 |
| 29 | Mt. Washington Savings and Loan Cincinnati | Cottage Savings Bank Cincinnati | Sept. 12 | 8.9 | 124.6 | 35.1 | 40,742 |
| 30 | Happy Bancshares Inc. Canyon, Texas | Signature Bancshares Inc. Dallas | Sept. 12 | NA | NA | NA | 115,985 |
| 31 | South Adams Savings Bank Adams, Mass. | Adams Co-operative Bank Mass. | Sept. 12 | NA | NA | NA | 196,056 |
| 32 | Prosperity Bancshares Inc. Houston | Texas Bankers Inc. Austin | Sept. 13 | 11.1 | 132.4 | NM | 72,463 |
| 33 | S&T Bancorp Inc. Indiana, Pa. | Mainline Bancorp Inc. Ebensburg, Pa. | Sept. 14 | 21.4 | 99.4 | NM | 241,777 |
| 34 | AltaPacific Bancorp Santa Rosa, Calif. | Stellar Business Bank Covina, Calif. | Sept. 14 | 17.4 | 98.9 | NM | 85,444 |
| 35 | Rockwall Bancshares Inc. Texas | First National Bank of Chillicothe Texas | Sept. 20 | NA | NA | NA | 46,728 |
| 36 | First NBC Bank Holding Co. New Orleans | Central Progressive Bank Lacombe, La. | Sept. 28 | NA | NA | NA | 383,880 |
Data as of Oct. 14, 2011. Excludes terminated deals.
Source:
SNL Financial
, Charlottesville, Va. © 2011 American Banker