Bank and Thrift Merger Deals Announced in the Third Quarter of 2013
Published January 22, 2013, 8:06 p.m. EST
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Updated January 22, 2013, 7:06 p.m. EST
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Bank and Thrift Merger Deals Announced in the Third Quarter of 2013
Bank and Thrift Merger Deals Announced in the Third Quarter of 2013Ranked by announcement date | ||||||||
|---|---|---|---|---|---|---|---|---|
| Rank | Buyer | Target | Announced | Completed | Deal value at: | Deal value to: | ||
| Announcement ($ millions) | Completion ($ millions) | Book value (%) | Net income (x) | |||||
| 1 | Lakin Bancshares Inc. Kan. | Garden City State Bank Kan. | July 6 | Pending | NA | NA | NA | NA |
| 2 | Buena Vista Bancorp Inc. Chester, Ill. | PDR Bancshares Inc. Prairie du Rocher, Ill. | July 13 | Pending | 8.1 | NA | 195.3 | 63.9 |
| 3 | Independent Bank Group Inc. McKinney, Texas | Community Group Inc. Highland Village, Texas | July 17 | Sep. 30 | NA | NA | NA | NA |
| 4 | WesBanco Inc. Wheeling, W.Va. | Fidelity Bancorp Inc. Pittsburgh | July 19 | Pending | 72.8 | NA | 156.8 | 107.8 |
| 5 | SKBHC Holdings LLC Seattle | ICB Financial Ontario, Calif. | July 19 | Pending | 30.0 | NA | 93.3 | -77.3 |
| 6 | Northstar Bancshares Inc. Estherville, Iowa | Emmet County State Bank Estherville, Iowa | July 20 | Pending | NA | NA | NA | NA |
| 7 | Hana Financial Group Inc. Seoul | BNB Financial Services Corp. New York | July 21 | Pending | 11.3 | NA | 42.2 | -11.5 |
| 8 | Mission Bancorp Bakersfield, Calif. | Mojave Desert Bank Calif. | July 23 | Pending | 7.1 | NA | 79.6 | 310.2 |
| 9 | American National Corp. Omaha, Neb. | Western Bank St. Paul, Minn. | July 25 | Pending | NA | NA | NA | NA |
| 10 | Eastern Bank Corp. Boston | Campello Bancorp Brockton, Mass. | July 26 | Pending | NA | NA | NA | NA |
| 11 | Frandsen Financial Corp. Arden Hills, Minn. | Clinton Bancshares Inc. Minn. | July 27 | Pending | 11.2 | NA | 120.1 | 11.4 |
| 12 | Investor group in Montgomery, Ala. | FEB Bancshares Inc. Louisville, Ala. | July 27 | Pending | NA | NA | NA | NA |
| 13 | American Bancorp. Inc. Sapulpa, Okla. | Osage Bancshares Inc. Pawhuska, Okla. | July 27 | Pending | 28.1 | NA | 118.5 | 34.8 |
| 14 | Heartland Financial USA Inc. Dubuque, Iowa | First Shares Inc. Platteville, Wis. | July 31 | Pending | 11.0 | NA | 84.6 | 65.9 |
| 15 | New Hampshire Thrift Bancshares Inc. Newport | Nashua Bank N.H. | Aug. 1 | Pending | 19.1 | NA | 115.7 | 94.2 |
| 16 | City Holding Co. Cross Lanes, W.Va. | Community Financial Corp. Staunton, Va. | Aug. 2 | Pending | 37.6 | NA | 65.8 | 20.7 |
| 17 | Overton Financial Corp. Texas | First National Bank of Canton Texas | Aug. 3 | Pending | 17.0 | NA | 149.9 | 21.7 |
| 18 | First Financial Bancshares Inc. Lawrence, Kan. | Lone Summit Bank Lake Lotawana, Mo. | Aug. 4 | Pending | NA | NA | NA | NA |
| 19 | Morrill Bancshares Inc. Merriam, Kan. | JTB Bancshares Inc. Lenexa, Kan. | Aug. 5 | Pending | 12.0 | NA | 166.6 | 49.6 |
| 20 | American Bancor Ltd. Dickinson, N.D. | North Country Bank McClusky, N.D. | Aug. 6 | Pending | NA | NA | NA | NA |
| 21 | SCBT Financial Corp. Columbia, S.C. | Savannah Bancorp Inc. Ga. | Aug. 7 | Pending | 66.9 | NA | 80.0 | -108.9 |
| 22 | Customers Bancorp Inc. Wyomissing, Pa. | CMS Bancorp Inc. White Plains, N.Y. | Aug. 8 | Pending | 20.8 | NA | 95.0 | -86.7 |
| 23 | ST Financial Group Inc. College Station, Texas | Oasis Bank SSB Houston | Aug. 9 | Pending | NA | NA | NA | NA |
| 24 | Liberty Bancshares Inc. Springfield, Mo. | Stone County National Bancshares Inc. Crane, Mo. | Aug. 10 | Pending | NA | NA | NA | NA |
| 25 | Home BancShares Inc. Conway, Ark. | Premier Bank Tallahassee, Fla. | Aug. 11 | Pending | 1.4 | NA | 13.8 | -2.4 |
| 26 | Weed Investment Group Inc. Cheyenne Wells, Colo. | Kit Carson Insurance Agency Inc. Colo. | Aug. 12 | Pending | NA | NA | NA | NA |
| 27 | Western Alliance Bancorp. Phoenix | Western Liberty Bancorp Las Vegas | Aug. 13 | Pending | 55.4 | NA | 74.1 | -21.7 |
| 28 | First PacTrust Bancorp Inc. Irvine, Calif. | Private Bank of California Los Angeles | Aug. 14 | Pending | 52.1 | NA | 122.3 | 49.3 |
| 29 | Investor group | Westside Community Bank University Place, Wash. | Aug. 15 | Pending | NA | NA | NA | NA |
| 30 | M&T Bank Corp. Buffalo, N.Y. | Hudson City Bancorp Inc. Paramus, N.J. | Aug. 16 | Pending | 3,813.2 | NA | 81.7 | 26.3 |
| 31 | Umpqua Holdings Corp. Portland, Ore. | Circle Bancorp Novato, Calif. | Aug. 17 | Pending | 24.9 | NA | 149.1 | 24.5 |
| 32 | Bank of Nova Scotia Toronto | ING Bank of Canada Toronto | Aug. 18 | Pending | 3,172.0 | NA | NA | NA |
| 33 | CBM Florida Holding Co. Bradenton | U.S. Century Bank Doral, Fla. | Aug. 19 | Pending | NA | NA | NA | NA |
| 34 | Investor group | Anchor Commercial Bank Juno Beach, Fla. | Aug. 20 | Pending | NA | NA | NA | NA |
| 35 | Henderson Citizens Bancshares Inc. Texas | First White Oak Bancshares Inc. Texas | Aug. 21 | Pending | 11.9 | NA | 261.8 | 26.9 |
| 36 | Vision Bancshares Inc. Ada, Okla. | Sulphur Community Bancshares Inc. Okla. | Aug. 22 | Pending | 10.6 | NA | 127.4 | 14.5 |
| 37 | Old Line Bancshares Inc. Bowie, Md. | WSB Holdings Inc. Bowie, Md. | Aug. 23 | Pending | 49.0 | NA | 88.7 | 108.3 |
| 38 | FirstMerit Corp. Akron, Ohio | Citizens Republic Bancorp Inc. Flint, Mich. | Aug. 24 | Pending | 1,287.9 | NA | 90.0 | 3.9 |
| 39 | Level One Bancorp Inc. Farmington Hills, Mich. | Oxford Bank Corp. Mich. | Aug. 25 | Pending | 3.5 | NA | 29.1 | 3.8 |
| 40 | Forstrom Bancorp. Inc. Clara City, Minn. | Murdock Bancor Inc. Mendota Heights, Minn. | Aug. 26 | Pending | NA | NA | NA | NA |
| 41 | Heritage Financial Corp. Olympia, Wash. | Northwest Commercial Bank Lakewood, Wash. | Aug. 27 | Pending | 4.8 | NA | 75.4 | -45.4 |
| 42 | Swea City Bancorp. Inc. Estherville, Iowa | State Bank of Ledyard Iowa | Aug. 28 | Pending | NA | NA | NA | NA |
| 43 | Wintrust Financial Corp. Lake Forest, Ill. | HPK Financial Corp. Chicago | Aug. 29 | Pending | 27.5 | NA | 101.0 | 25.3 |
| 44 | Pony Express Bancorp Inc. Elwood, Kan. | Don-Co. Investment Co. Troy, Kan. | Aug. 30 | Pending | NA | NA | NA | NA |
| 45 | American Bancorp. Inc. Sapulpa, Okla | Highland Ban-Corp. Inc. Cleveland, Okla. | Aug. 31 | Pending | NA | NA | NA | NA |
| 46 | CapStone Bank Raleigh, N.C. | Patriot State Bank Fuquay-Varina, N.C. | Sep. 1 | Pending | 10.6 | NA | 66.4 | 26.8 |
| 47 | People First Bancshares Inc. Pana, Ill. | Two subsidiaries of Lima Bancshares Inc. Ill. | Sep. 2 | Pending | NA | NA | NA | NA |
| 48 | Crescent Financial Bancshares Inc. Raleigh, N.C. | ECB Bancorp Inc. Engelhard, N.C. | Sep. 3 | Pending | 54.4 | NA | 81.3 | 56.4 |
| 49 | Landmark Credit Union New Berlin, Wis. | Hartford Savings Bank Wis. | Sep. 4 | Pending | NA | NA | NA | NA |
| 50 | Centra Ventures Inc. Foley, Minn. | Richmond Bank Holding Co. Minn. | Sep. 5 | Pending | NA | NA | NA | NA |
| 51 | Columbia Banking System Inc. Tacoma, Wash. | West Coast Bancorp Lake Oswego, Ore. | Sep. 6 | Pending | 508.9 | NA | 145.2 | 43.0 |
| 52 | MidSouth Bancorp Inc. Lafayette, La. | PSB Financial Corp. Many, La. | Sep. 7 | Pending | 40.0 | NA | 103.9 | 26.0 |
| 53 | Strategic Growth Bank Inc. El Paso, Texas | Mile High Banks Longmont, Colo. | Sep. 8 | Pending | 5.5 | NA | 27.1 | -2.5 |
| 54 | Pontiac Bancorp Inc. Ill. | Bluestem Financial Corp. Fairbury, Ill. | Sep. 9 | Pending | 16.4 | NA | 113.1 | 57.5 |
| 55 | Leackco Bank Holding Co. Inc. Wolsey, S.D. | Mansfield State Bank S.D. | Sep. 10 | Pending | NA | NA | NA | NA |
| 56 | Greenwoods Financial Group Inc. Lake Mills, Wis. | Bank of Monticello Wis. | Sep. 11 | Pending | NA | NA | NA | NA |
| 57 | Cooper Investments Inc. Farmington, Mo. | Bank Star of the LeadBelt Park Hills, Mo. | Sep. 12 | Pending | NA | NA | NA | NA |
Data as of Oct. 15, 2012. Excludes terminated deals.
Source:
SNL Financial
, Charlottesville, Va. © 2013 American Banker