Bank and Thrift Merger Deals Completed in the First Half of 2011
August 12, 2011, 3:44 p.m. EDT 1 Min Read
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Bank and Thrift Merger Deals Completed in the First Half of 2011
Bank and Thrift Merger Deals Completed in the First Half of 2011Ranked by deal value at completion. Dollars in millions | |||||
|---|---|---|---|---|---|
| Rank | Buyer | Target | Date Announced | Date Completed | Deal value† |
| 1 | Hancock Holding Co. Gulfport, Miss. | Whitney Holding Corp. New Orleans | Dec. 21 ’10 | June 4 | 1,602.0 |
| 2 | First Niagara Financial Group Inc. Buffalo, N.Y. | NewAlliance Bancshares Inc. New Haven, Conn. | Aug. 18 ’10 | April 15 | 1,524.6 |
| 3 | People’s United Financial Inc. Bridgeport, Conn. | Danvers Bancorp Inc. Mass. | Jan. 20 | June 30 | 475.1 |
| 4 | M&T Bank Corp. Buffalo, N.Y. | Wilmington Trust Corp. Del. | Oct. 31 ’10 | May 16 | 406.0 |
| 5 | Iberiabank Corp. Lafayette, La. | Cameron Bancshares Inc. Lake Charles, La. | March 10 | May 31 | 138.3 |
| 6 | Community Bank System Inc. Dewitt, N.Y. | Wilber Corp. Oneonta, N.Y. | Oct. 22 ’10 | April 8 | 103.4 |
| 7 | Old National Bancorp Evansville, Ind. | Monroe Bancorp Bloomington, Ind. | Oct. 5 ’10 | Jan. 1 | 90.1 |
| 8 | Berkshire Hills Bancorp Inc. Pittsfield, Mass. | Rome Bancorp Inc. N.Y. | Oct. 12 ’10 | April 1 | 78.1 |
| 9 | F.N.B. Corp. Hermitage, Pa. | Comm Bancorp Inc. Clarks Summit, Pa. | Aug. 9 ’10 | Jan. 1 | 75.7 |
| 10 | Community Bancorp LLC Houston | Cadence Financial Corp. Starkville, Miss. | Oct. 6 ’10 | March 4 | 68.8 |
| 11 | North American Financial Holdings Inc. Charlotte, N.C. | Capital Bank Corp. Raleigh, N.C. | Nov. 3 ’10 | Jan. 28 | 51.0 |
| 12 | Iberiabank Corp. Lafayette, La. | Omni Bancshares Inc. Metairie, La. | Feb. 21 | May 31 | 40.5 |
| 13 | German American Bancorp Inc. Jasper, Ind. | American Community Bancorp Inc. Evansville, Ind. | Oct. 4 ’10 | Jan. 1 | 32.6 |
| 14 | Chemung Financial Corp. Elmira, N.Y. | Fort Orange Financial Corp. Albany, N.Y. | Oct. 14 ’10 | April 8 | 30.9 |
| 15 | Norwood Financial Corp. Honesdale, Pa. | North Penn Bancorp Inc. Scranton, Pa. | Dec. 14 ’10 | May 31 | 27.0 |
| 16 | Donegal Financial Services Corp. Marietta, Pa. | Union National Financial Corp. Lancaster, Pa. | April 19 ’10 | May 6 | 25.2 |
| 17 | Cheviot Financial Corp. (MHC) Cheviot, Ohio | First Franklin Corp. Cincinnati | Oct. 12 ’10 | March 16 | 24.6 |
| 18 | Opus Bank Redondo Beach, Calif. | Cascade Financial Corp. Everett, Wash. | March 3 | June 30 | 21.8 |
| 19 | Old Line Bancshares Inc. Bowie, Md. | Maryland Bankcorp Inc. Lexington Park | Sept. 1 ’10 | April 1 | 21.0 |
| 20 | Brookline Bancorp Inc. Mass. | First Ipswich Bancorp Mass. | Oct. 27 ’10 | Feb. 28 | 19.0 |
| 21 | First General Bank Rowland Heights, Calif. | American Premier Bancorp Arcadia, Calif. | Sept. 15 ’10 | Jan. 31 | 16.3 |
| 22 | Vogel Bancshares Inc. Orange City, Iowa | Farmers Savings Bank Remsen, Iowa | Oct. 15 ’10 | Jan. 1 | 15.3 |
| 23 | First Prestonsburg Bancshares Inc. Ky. | Short Holding Co. Hagerhill, Ky. | Dec. 21 ’10 | April 22 | 13.1 |
| 24 | Frontier Management LLC Omaha, Neb. | Arsebeco Inc. Falls City, Neb. | Nov. 18 ’10 | May 6 | 12.8 |
| 25 | Stonegate Bank Fort Lauderdale, Fla. | Southwest Capital Bancshares Inc. Fort Myers, Fla. | Aug. 30 ’10 | March 18 | 12.2 |
| 26 | HCBF Holding Co. Inc. West Palm Beach, Fla. | First Bank and Trust Co. of Indiantown Fla. | May 12 ’10 | Feb. 17 | 12.0 |
| 27 | Investor group | West Michigan Community Bank Hudsonville | April 27 ’10 | Jan. 31 | 10.6 |
| 28 | CBM Florida Holding Co. Bradenton, Fla. | First Community Bank of America Pinellas Park, Fla. | Feb. 10 | May 31 | 10.0 |
| 29 | Piedmont Community Bank Holdings Inc. Raleigh, N.C. | Community Bank of Rowan Salisbury, N.C. | Nov. 19 ’10 | April 19 | 10.0 |
| 30 | Community Bank Partners Inc. Denver | Palisades National Bank Colo. | Oct. 15, ’09 | Jan. 12 | 9.3 |
| 31 | Carlile Bancshares Inc. Fort Worth | Treaty Oak Bank Austin, Texas | Sept. 27 ’10 | Feb. 10 | 7.6 |
| 32 | First State Associates Inc. Hawarden, Iowa | Farmers State Holding Co. Marion, S.D. | Aug. 3 ’10 | Jan. 1 | 6.8 |
| 33 | Bridge Bancorp Inc. Bridgehampton, N.Y. | Hamptons State Bank Southampton, N.Y. | Feb. 8 | May 27 | 5.8 |
| 34 | Citizens National Corp. Wisner, Neb. | First National Bank of Friend Neb. | Feb. 21 | May 4 | 5.5 |
| 35 | Shay Investment Services Inc. Miami | Texas Country Bank Lakeway | May 17 ’10 | Jan. 1 | 4.5 |
| 36 | Northern Missouri Bancshares Inc. Unionville | Exchange Bancorp of Missouri Inc. Fayette | Nov. 3 ’10 | Feb. 11 | 4.1 |
| 37 | Sulphur Springs Bancshares Inc. Texas | First Mineola Inc. Texas | June 29 ’10 | March 12 | 3.5 |
| 38 | BankFinancial Corp. Burr Ridge, Ill. | DG Bancorp Inc. Downers Grove, Ill. | Sept. 13 ’10 | March 18 | 3.3 |
| 39 | Carlile Bancshares Inc. Fort Worth | Community State Bank Austin | Oct. 19 ’10 | Feb. 10 | 3.3 |
| 40 | Goodenow Bancorp. Okoboji, Iowa | Farmers State Bank of Sherburn Minn. | March 24 | June 2 | 2.6 |
| 41 | Palco Bankshares Inc. Palco, Kan. | Midwest Community Bank Plainville, Kan. | Dec. 9 ’10 | June 29 | 2.0 |
| 42 | Bedison Bancshares Inc. Platte City, Mo. | Citizens Bank of Oregon, Missouri | Oct. 28 ’10 | March 29 | 1.6 |
| 43 | National Bancorp Holdings Inc. Overland Park, Kan. | Generations Bank Overland Park, Kan. | Sept. 28 ’10 | April 4 | 1.0 |
| 44 | River Holding Co. Stoddard, Wis. | Community Business Bancshares Sauk City, Wis. | Oct. 13 ’10 | Jan. 6 | 0.7 |
| 45 | Private Investor - Merton Allan Lund | First Midwest Bank Centerville, S.D. | Nov. 30 ’10 | Feb. 28 | 0.4 |
| 46 | Banner County Ban Corp. Harrisburg, Neb. | First State Bank Beaver City, Neb. | Oct. 25 ’10 | March 5 | NA |
| 47 | Bear State Financial Holdings LLC Little Rock, Ark. | First Federal Bancshares of Arkansas Inc. Harrison | Jan. 27 | May 3 | NA |
| 48 | C.S.B. Co. Cozad, Neb. | FNS Inc. Schuyler, Neb. | Dec. 14 ’10 | March 1 | NA |
| 49 | Citizens National Bancshares of Bossier Inc. La. | Citizens Bankshares of Springhill Inc. La. | Dec. 16 ’10 | March 31 | NA |
| 50 | Commercial Bancshares Corp. Frontenac, Mo. | CenTrust Financial Inc. Northbrook, IL | March 29 ’10 | May 3 | NA |
| 51 | Friendswood Capital Corp. Texas | Bank of Fort Bend Sugar Land, Texas | June 17 ’10 | March 30 | NA |
| 52 | Henderson Texas Bancshares Inc. | Prosper Bancshares Inc. Texas | Aug. 26 ’10 | Jan. 27 | NA |
| 53 | Hometown Bank Webster, Mass. | Athol-Clinton Co-operative Bank Athol, Mass. | Dec. 31 ’10 | April 1 | NA |
| 54 | Investor group | First Bank of Greenwich Cos Cob, Conn. | Oct. 1 ’10 | March 3 | NA |
| 55 | Investor group | Colonial American Bank Horsham, Pa. | Sept. 2 ’10 | April 15 | NA |
| 56 | Investor group | North Alabama Bancshares Inc. Hazel Green | Feb. 23 | May 18 | NA |
| 57 | Leesburg Federal Savings Bank Ohio | Home Builders Association Lynchburg, Ohio | Aug. 16 ’10 | April 5 | NA |
| 58 | Liberty Bancshares Inc. Springfield, Mo. | Village Bank Springfield, Mo. | Nov. 8 ’10 | March 26 | NA |
| 59 | Narragansett Financial Corp. Fall River, Mass. | Bank of Fall River Mass. | Aug. 20 ’10 | Jan. 1 | NA |
| 60 | Snyder Group Kittanning, Pa. | NexTier Inc. Butler, Pa. | Jan. 31 | April 19 | NA |
| 61 | Veritex Holdings Inc. Dallas | Fidelity Resources Co. Plano, Texas | Oct. 20 ’10 | March 23 | NA |
Data as of July 18. Includes whole deals for banks and thrifts. Terminated deals are not included. †Based on deal values at completion.
Source: SNL Financial, Charlottesville, Va.
© 2011 American Banker