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Bank and Thrift Merger Deals Completed in the First Quarter of 2010

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Bank and Thrift Merger Deals Completed in the First Quarter of 2010

Bank and Thrift Merger Deals Completed in the First Quarter of 2010Ranked by price at completion
Published April 29, 2010

Rank Buyer Seller Date Price (millions) Completed price to: Target's
Announced Completed Announced At completion Equity 12-mo. net Assets ($000) Branches
1 Banco Sabadell SA Spain Bank of New York Mellon Corp. (1) Jul. 20, '09 Jan. 15 $157.7 $160.7 87.44 NM $2,371,823 15
2 Union Bankshares Corp. Bowling Green, Va. Ukrop's Super Markets Inc. Richmond, Va. (2) Mar. 30, '09 Feb. 1 105.4 96.1 75.14 27.03 1,300,888 40
3 United Community Bancorp Inc. Chatham Ill. Mercantile Bancorp Inc. Quincy, Ill. (3) Nov. 22, '09 Feb. 26 27.9 28.1 128.04 8.06 277,956 5
4 Stockmens Limited Partnership Rapid City, S.D. Valentine Bancorp. Neb. Oct. 6, '09 Feb. 1 6.1 6.1 129.4 NM 102,768 1
5 EB Financial Group Inc. Hinsdale, Ill. Baytree Bancorp Inc. Lake Forest, Ill. (4) Oct. 27, '09 Jan. 28 1.5 1.5 91.9 NM 210,646 3
6 Alcar LLC New York Darien Rowayton Bank Darien, Conn. Jun. 29, '09 Jan. 12 NA NA 89.3 NM 118,243 2
7 American Bancor Ltd. Dickinson, N.D. Towner County Financial Corp. Cando, N.D. Nov. 6, '09 Jan. 8 NA NA NA NA 46,924 2
8 Apollo Bancshares Inc. Coral Gables, Fla. Union Credit Bank Miami Nov. 30, '09 Mar. 13 NA NA 69.9 NM 154,172 2
9 Bridgewater Financial MHC Raynham, Mass. East Bridgewater Savings Bank Mass. Oct. 9, '09 Jan. 1 NA NA NA NA 138,438 3
10 Community Trust Financial Corp. Ruston, La. Madison Financial Corp. Miss. Sep. 11, '09 Mar. 5 NA NA NA NA 68,044 3
11 Connecticut Mutual Holding Co. Winsted Collinsville Savings Mutual Holding Co. Conn. Mar. 27, '09 Jan. 1 NA NA NA NA 156,265 2
12 Excel Bancorp LLC St. Clairsville, Ohio Ohio Legacy Corp. Wooster Nov. 15, '09 Feb. 19 NA NA 82.4 NM 186,292 4
13 HomeTrust Bank, Clyde N.C. Industrial Federal Savings Bank Lexington, N.C. Oct. 13, '09 Feb. 1 NA NA NA NA 168,441 3
14 Investor group First Southern Bancorp Inc. Boca Raton, Fla. Feb. 2 Feb. 2 NA NA NA NA 394,347 5
15 Investor group Riverside Central Florida Banking Co. Winter Park Oct. 5, '09 Jan. 30 NA NA 85.9 NM 141,326 4
16 Investor group Texas Enterprise Bank Bryan Sep. 18, '09 Jan. 5 NA NA 113.95 NM 64,549 2
17 Meridian Interstate Bancorp Inc. (MHC) East Boston Mt. Washington Co-operative Bank South Boston Jul. 20, '09 Jan. 4 NA NA NA NA 517,675 7
18 Piedmont Community Bank Holdings Inc. Chapel Hill, N.C. VantageSouth Bank Burlington, N.C. Jun. 10, '09 Feb. 22 NA NA 84.58 NM 95,723 2
19 Rbancshares Inc. Westerville, Ohio Ohio State Bancshares Inc. Marion Oct. 20, '09 Mar. 31 NA NA 83.19 NM 161,210 5
20 Two Roa LLC, Huntsville, Ala. RB Bancorp. Athens, Ala. Oct. 7, '09 Mar. 26 NA NA 100.2 NM 154,065 6

(

1
) Target is Gibraltar Private Bank and Trust Co. (Coral Gables, Fla.)
(
2
) Target is Community First Bank (Corydon, Ind.)
(
3
) Target is Yuma Community Bank (Ariz.)
(
4
) Target is Exchange State Bank (Springville, Iowa)

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Note: Data as of April 15, 2010.
Source:

SNL Financial
, Charlottesville, Va.
© 2010 American Banker

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