Bank and Thrift Merger Deals Completed in the First Quarter of 2011
May 09, 2011, 2:46 p.m. EDT 1 Min Read
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Bank and Thrift Merger Deals Completed in the First Quarter of 2011
Bank and Thrift Merger Deals Completed in the First Quarter of 2011Ranked by completion date | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Buyer | Seller | Completed | Announced | Deal value ($ millions) | Deal value/ Equity | Deal value/ Net income (x) | Target assets ($000s) | Target branches | ||
| At announcement | At completion | |||||||||
| 1 | F.N.B. Corp. Hermitage, Pa. | Comm Bancorp Inc. Clarks Summit, Pa. | Jan. 1 | Aug. 9, '10 | $67.8 | $75.7 | 137.21% | NM | $641,765 | 15 |
| 2 | First State Associates Inc. Hawarden, Iowa | Farmers State Holding Co. Marion, S.D. | Jan. 1 | Aug. 3, '10 | 6.8 | 6.8 | 93.05 | 8.73 | 69,762 | 5 |
| 3 | German American Bancorp Inc. Jasper, Ind. | American Community Bancorp Inc. Evansville, Ind. | Jan. 1 | Oct. 4, '10 | 30.0 | 32.6 | 179.68 | 24.71 | 311,733 | 3 |
| 4 | Narragansett Financial Corp. Fall River, Mass. | Bank of Fall River Mass. | Jan. 1 | Aug. 20, '10 | NA | NA | NA | NA | 163,291 | 4 |
| 5 | Old National Bancorp Evansville, Ill. | Monroe Bancorp Bloomington, Ind. | Jan. 1 | Oct. 5, '10 | 90.5 | 90.1 | 160.99 | NM | 838,122 | 19 |
| 6 | Shay Investment Services Inc. Miami | Texas Country Bank Lakeway | Jan. 1 | May 17, '10 | 4.5 | 4.5 | NA | NA | 66,274 | 2 |
| 7 | Vogel Bancshares Inc. Orange City, Iowa | Farmers Savings Bank Remsen, Iowa | Jan. 1 | Oct. 15, '10 | 15.3 | 15.3 | 105.64 | 14.06 | 121,728 | 1 |
| 8 | River Holding Co. Stoddard, Wis. | Community Business Bancshares Inc. Sauk City, Wis. | Jan. 6 | Oct. 13, '10 | 0.7 | 0.7 | 83.36 | NM | 65,569 | 2 |
| 9 | Community Bank Partners Inc. Denver | Palisades National Bank Palisade, Colo. | Jan. 12 | Oct. 15, '09 | 9.3 | 9.3 | 124.00 | NM | 55,348 | 2 |
| 10 | Henderson Texas Bancshares Inc. | Prosper Bancshares Inc. Texas | Jan. 27 | Aug. 26, '10 | NA | NA | 75.02 | NM | 68,301 | 2 |
| 11 | North American Financial Holdings Inc. Charlotte, N.C. | Capital Bank Corp. Raleigh, N.C. | Jan. 28 | Nov. 3, '10 | 41.3 | 41.3 | 83.64 | NM | 1,694,336 | 33 |
| 12 | First General Bank Rowland Heights, Calif. | American Premier Bancorp Arcadia, Calif. | Jan. 31 | Sep. 15, '10 | 16.3 | 16.3 | 105.43 | NM | 105,815 | 1 |
| 13 | Michigan investor group | West Michigan Community Bank Hudsonville | Jan. 31 | April 27, '10 | 10.9 | 10.6 | 106.51 | NM | 148,338 | 4 |
| 14 | Carlile Bancshares Inc. Fort Worth, Texas | Community State Bank Austin, Texas | Feb. 10 | Oct. 19, '10 | 3.3 | 3.3 | 106.35 | NM | 26,121 | 2 |
| 15 | Carlile Bancshares Inc. Fort Worth, Texas | Treaty Oak Bank Austin, Texas | Feb. 10 | Sep. 27, '10 | 7.6 | 7.6 | 118.43 | NM | 118,639 | 4 |
| 16 | HCBF Holding Co. Inc. West Palm Beach, Fla. | First Bank and Trust Co. of Indiantown Fla. | Feb. 17 | May 12, '10 | 12.0 | 12.0 | 133.91 | 16.24 | 97,141 | 4 |
| 17 | Brookline Bancorp Inc. Mass. | First Ipswich Bancorp Mass. | Feb. 28 | Oct. 27, '10 | 19.0 | 19.0 | 130.81 | NM | 262,359 | 6 |
| 18 | C.S.B. Co. Cozad, Neb. | FNS Inc. Schuyler, Neb. | March 1 | Dec. 14, '10 | NA | NA | NA | NA | 107,763 | 4 |
| 19 | Community Bancorp LLC Houston | Cadence Financial Corp. Starkville, Miss. | March 2 | Oct. 6, '10 | 68.8 | 68.8 | 83.12 | NM | 1,886,445 | 38 |
| 20 | Banner County Ban Corp. Harrisburg, Neb. | First State Bank Beaver City, Neb. | March 3 | Oct. 25, '10 | NA | NA | NA | NA | 45,419 | 1 |
| 21 | Sulphur Springs Bancshares Inc. Texas | First Mineola Inc. Texas | March 4 | June 29, '10 | 4.8 | 3.5 | 150.65 | 34.20 | 28,872 | 1 |
| 22 | Cheviot Financial Corp. MHC Ohio | First Franklin Corp. Cincinnati | March 5 | Oct. 12, '10 | 24.6 | 24.6 | 116.26 | NM | 281,002 | 8 |
| 23 | BankFinancial Corp. Burr Ridge, Ill. | DG Bancorp Inc. Downers Grove, Ill. | March 6 | Sep. 13, '10 | 2.0 | 3.3 | 58.31 | NM | 240,068 | 3 |
| 24 | Stonegate Bank Fort Lauderdale, Fla. | Southwest Capital Bancshares Inc. Fort Myers, Fla. | March 7 | Aug. 30, '10 | 12.2 | 12.2 | 90.73 | NM | NA | 3 |
| 25 | Veritex Holdings Inc. Dallas | Fidelity Resources Co. Plano, Texas | March 8 | Oct. 20, '10 | NA | NA | NA | NA | 151,259 | 3 |
| 26 | Liberty Bancshares Inc. Springfield, Mo. | Village Bank Springfield, Mo. | March 9 | Nov. 8, '10 | NA | NA | NA | NA | 88,489 | 1 |
| 27 | Bedison Bancshares Inc. Platte City, Mo. | Citizens Bank of Oregon Mo. | March 10 | Oct. 28, '10 | 1.6 | 1.6 | 104.10 | 64.41 | 19,025 | 1 |
| 28 | Friendswood Capital Corp. Texas | Bank of Fort Bend Sugar Land, Texas | March 11 | June 17, '10 | NA | NA | NA | NA | 35,638 | 1 |
| 29 | Citizens National Bancshares of Bossier Inc. Bossier City, La. | Citizens Bankshares of Springhill Inc. La. | March 12 | Dec. 16, '10 | NA | NA | NA | NA | 153,809 | 8 |
Note: Data as of April 13, 2011.
Source:
SNL Financial
, Charlottesville, Va. © 2011 American Banker