Bank and Thrift Merger Deals Completed in the Fourth Quarter of 2007
January 10, 2008, 10:08 a.m. EST 1 Min Read
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Bank and Thrift Merger Deals Completed in the Fourth Quarter of 2007
Bank and Thrift Merger Deals Completed in the Fourth Quarter of 2007Ranked by price at completion Published January 10, 2008 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Rank | Buyer | Seller | Date | Price (millions) | | | ||||
| Announced | Completed | Announced | Completed | Equity | | Branches | | |||
| 1 | Bank of America Corp. Charlotte | LaSalle Bank Corp. Chicago | April 22 | Oct. 1 | $21,000 | $21,000 | 2.34 | 13.12 | 411 | $118,386,185 |
| 2 | Wells Fargo & Co. San Francisco | Greater Bay Bancorp East Palo Alto, Calif. | May 4 | Oct. 1 | 1,477 | 1,477 | 1.95 | 20.36 | 41 | 7,329,069 |
| 3 | Susquehanna Bancshares Inc. Lititz, Pa. | Community Banks Inc. Harrisburg, Pa. | April 30 | Nov. 16 | 852 | 717 | 1.36 | 19.15 | 78 | 3,789,634 |
| 4 | M&T Bank Corp. Buffalo | Partners Trust Financial Group Inc. Utica, N.Y. | July 18 | Nov. 30 | 556 | 556 | 1.12 | 29.38 | 34 | 3,619,177 |
| 5 | PNC Financial Services Group Inc. Pittsburgh | Yardville National Bancorp Hamilton, N.J. | June 6 | Oct. 26 | 406 | 396 | 2.03 | NM | 33 | 2,592,170 |
| 6 | Fifth Third Bancorp Cincinnati | R-G Crown Bank Casselberry, Fla. | May 20 | Nov. 2 | 338 | 309 | 0.92 | NM | 33 | 2,902,697 |
| 7 | Banco Popular Espanol SA Madrid | Total Bancshares Corp. Miami | July 10 | Nov. 8 | 300 | 300 | 3.24 | 20.02 | 14 | 1,483,561 |
| 8 | Colonial BancGroup Inc. Montgomery, Ala. | Citrus and Chemical Bancorp. Inc. Bartow, Fla. | July 17 | Dec. 3 | 218 | 183 | 2.80 | 22.86 | 10 | 868,320 |
| 9 | WesBanco Inc. Wheeling, W.Va. | Oak Hill Financial Inc. Jackson, Ohio | July 19 | Nov. 30 | 199 | 167 | 1.85 | NM | 40 | 1,274,855 |
| 10 | Pinnacle Financial Partners Inc. Nashville | Mid-America Bancshares Inc. Tenn. | Aug. 15 | Nov. 30 | 197 | 225 | 2.09 | 42.83 | 14 | 1,090,818 |
| 11 | New York Community Bancorp Inc. Westbury | Synergy Financial Group Inc. Cranford, N.J. | May 13 | Oct. 1 | 168 | 182 | 1.82 | 58.49 | 18 | 932,474 |
| 12 | BancTrust Financial Group Inc. Mobile | Peoples BancTrust Co. Inc. Selma, Ala. | May 21 | Oct. 15 | 153 | 140 | 1.59 | 25.24 | 25 | 934,183 |
| 13 | Midwest Banc Holdings Inc. Melrose Park, Ill. | Northwest Suburban Bancorp Inc. Mount Prospect, Ill. | March 22 | Oct. 1 | 141 | 141 | 2.63 | 25.16 | 5 | 550,686 |
| 14 | Chittenden Corp. Burlington, Vt. | Community Bank and Trust Co. Wolfeboro, N.H. | June 4 | Oct. 31 | 124 | 142 | 3.25 | 24.41 | 7 | 398,711 |
| 15 | Harleysville National Corp. Pa. | East Penn Financial Corp. Emmaus, Pa. | May 15 | Nov. 16 | 93 | 86 | 3.25 | 24.94 | 9 | 440,418 |
| 16 | Olney Bancshares of Texas Inc. | Union Bank NA Oklahoma City | June 29 | Nov. 28 | 78 | 79 | 2.47 | 19.24 | 6 | 404,028 |
| 17 | JLL Partners Inc. New York | FC Holdings Inc. Houston | Sept. 6 | Nov. 30 | 75 | 75 | 2.79 | NM | 20 | NA |
| 18 | Frontier Financial Corp. Everett, Wash. | Bank of Salem Ore. | July 25 | Nov. 30 | 69 | 60 | 2.08 | 11.94 | 3 | 210,847 |
| 19 | First Citizens Banc Corp Sandusky, Ohio | Futura Banc Corp. Urbana, Ohio | June 7 | Dec. 17 | 66 | 55 | 2.21 | 23.65 | 9 | 275,653 |
| 20 | Buckhead Community Bancorp Inc. Atlanta | Allied Bancshares Inc. Cumming, Ga. | March 1 | Dec. 4 | 54 | 54 | 2.97 | 26.31 | 2 | 230,361 |
| 21 | Belvedere SoCal San Francisco | Professional Business Bank Pasadena, Calif. | Feb. 1 | Nov. 23 | 46 | 46 | 2.27 | NM | 2 | 214,080 |
| 22 | SCBT Financial Corp. Columbia, S.C. | TSB Financial Corp. Charlotte | Aug. 29 | Nov. 30 | 43 | 40 | 2.51 | 34.27 | 4 | 197,463 |
| 23 | Southside Bancshares Inc. Tyler, Tex. | Fort Worth Bancshares Inc. | May 17 | Oct. 10 | 36 | 36 | 3.01 | 17.18 | 2 | 125,744 |
| 24 | First Keystone Corp. Berwick, Pa. | Pocono Community Bank Stroudsburg, Pa. | May 10 | Nov. 1 | 33 | 32 | 2.16 | 38.86 | 3 | 137,008 |
| 25 | FC Holdings Inc. Houston | First Crockett Bancshares Inc. Tex. | April 27 | Nov. 30 | 33 | 33 | 2.86 | 24.53 | 2 | 150,094 |
| 26 | Shinhan Financial Group Co. Ltd. Seoul | North Atlanta National Bank Alpharetta, Ga. | June 29 | Nov. 30 | 29 | 29 | 2.30 | 26.58 | 1 | 135,310 |
| 27 | Community Bancorp. Derby, Vt. | LyndonBank Lyndonville, Vt. | Aug. 1 | Dec. 31 | 27 | 27 | 1.88 | 44.53 | 7 | 156,631 |
| 28 | Southern Michigan Bancorp Inc. Coldwater | FNB Financial Corp. Three Rivers, Mich. | April 17 | Dec. 1 | 26 | 25 | 1.97 | 34.59 | 7 | 141,005 |
| 29 | Community First Inc. Columbia, Tenn. | First National Bank of Centerville Tenn. | Aug. 1 | Oct. 26 | 23 | 23 | 1.45 | 26.24 | 2 | 101,342 |
| 30 | First Banks Inc. Clayton, Mo. | Coast Financial Holdings Inc. Bradenton, Fla. | Aug. 3 | Nov. 30 | 22 | 12 | 0.55 | NM | 22 | 664,452 |
| 31 | Delaware Bancshares Inc. Walton, N.Y. | Stamford Bank Corp. Stamford, N.Y. | May 15 | Nov. 9 | 22 | 22 | 1.53 | 37.62 | 2 | 88,944 |
| 32 | Legend Bancorp Inc. Bowie, Tex. | Bonstate Bancshares Inc. Bonham, Tex. | July 3 | Nov. 10 | 21 | 21 | 1.94 | 23.84 | 2 | 89,381 |
| 33 | Central Bancompany Inc. Jefferson City, Mo. | Millstadt Bancshares Inc. Ill. | June 13 | Nov. 6 | 21 | 21 | 1.59 | 63.25 | 1 | 86,287 |
| 34 | Heritage Oaks Bancorp Paso Robles, Calif. | Business First National Bank Santa Barbara, Calif. | May 29 | Oct. 12 | 21 | 19 | 1.60 | NM | 2 | 154,376 |
| 35 | LaPorte Bancorp Inc. Ind. | City Savings Financial Corp. Michigan City, Ind. | March 8 | Oct. 12 | 20 | 20 | 1.64 | NM | 3 | 126,535 |
| 36 | Banner Corp. Walla Walla, Wash. | NCW Community Bank Wenatchee, Wash. | June 27 | Oct. 10 | 18 | 19 | 2.02 | 18.99 | 1 | 100,582 |
| 37 | FBOP Corp. Oak Park, Ill. | Cardunal Savings Bank FSB West Dundee, Ill. | Aug. 7 | Oct. 1 | 16 | 16 | 1.42 | NM | 4 | 177,858 |
| 38 | New Hampshire Thrift Bancshares Inc. Newport | First Community Bank Woodstock, Vt. | April 16 | Oct. 1 | 16 | 15 | 1.83 | NM | 5 | 74,848 |
| 39 | Saint Martin Bancshares Inc. St. Martinville, La. | American Bank Welsh, La. | Aug. 15 | Dec. 1 | 15 | 15 | 1.46 | 17.34 | 4 | 58,401 |
| 40 | Netex Bancorp. Mount Pleasant, Tex. | City Bancorp Inc. Wellington, Tex. | Aug. 27 | Nov. 15 | 14 | 14 | 2.56 | 17.87 | 3 | 73,077 |
| 41 | Equity Bancshares Inc. Andover, Kan. | Signature Bank Haddam, Kan. | Sept. 4 | Nov. 29 | 13 | 13 | 1.21 | 43.33 | 3 | 63,303 |
| 42 | Porter Bancorp Inc. Louisville | Ohio County Bancshares Inc. Beaver Dam, Ky. | June 16 | Oct. 1 | 12 | 12 | 1.87 | 27.27 | 6 | 117,725 |
| 43 | Community Bancorp Inc. St. Charles, Mich. | MSB Holding Inc. Montrose, Mich. | July 24 | Dec. 1 | 10 | 10 | 2.29 | 20.96 | 4 | 60,981 |
| 44 | Security Agency Inc. Decorah, Iowa | Fortress Bank of Cresco Iowa | July 13 | Oct. 25 | 10 | 10 | 1.05 | 17.95 | 1 | 81,242 |
| 45 | Farmers and Merchants Bancorp Inc. Archbold, Ohio | Knisely Bank Butler, Ind. | Sept. 7 | Dec. 31 | 10 | 10 | 2.08 | 27.49 | 3 | 46,693 |
| 46 | LCNB Corp. Lebanon, Ohio | Sycamore National Bank Cincinnati | Aug. 13 | Dec. 20 | 10 | 9 | 2.11 | 42.91 | 2 | 49,062 |
| 47 | Fidelity Homestead Savings Bank New Orleans | Your Bank Ponchatoula, La. | Aug. 10 | Nov. 15 | 8 | 8 | 2.02 | NM | 2 | 55,978 |
| 48 | Northrim BanCorp Inc. Anchorage | Alaska First Bank and Trust Anchorage | June 27 | Oct. 19 | 6 | 6 | 1.00 | 12.30 | 2 | 59,742 |
| 49 | Private Investors Washington | Independence Federal Savings Bank Washington | Nov. 8 | Nov. 8 | 1 | 1 | 2.00 | NM | 4 | 159,260 |
| 50 | First Volunteer Corp. Chattanooga, Tenn. | Benton Banking Co. Tenn. | Dec. 11 | Dec. 31 | NA | NA | NA | NA | 6 | 107,986 |
| 51 | Sterling Federal Bank FSB Ill. | Mount Morris Savings and Loan Association Ill. | Aug. 28 | Nov. 30 | NA | NA | NA | NA | 2 | 45,059 |
| 52 | Cincinnati Federal Savings and Loan Association | Clifton Heights Savings and Loan Co. Cincinnati | June 11 | Nov. 16 | NA | NA | NA | NA | 1 | 14,534 |
| 53 | Omaha Financial Holdings Inc. | Midlands Financial Services Inc. Omaha | June 29 | Nov. 5 | NA | NA | NA | NA | 3 | 269,454 |
| 54 | Liberty Bancshares Inc. Arnolds Park, Iowa | First Bank and Trust Spirit Lake, Iowa | May 24 | Nov. 1 | NA | NA | NA | NA | 3 | 75,500 |
| 55 | Marthas Vineyard Co-operative Bank of Tisbury Vineyard Haven, Mass. | Dukes County Savings Bank Edgartown, Mass. | May 31 | Nov. 1 | NA | NA | NA | NA | 6 | 293,904 |
| 56 | Mechanics Co-operative Bank Taunton, Mass. | Bridgewater Co-operative Bank Mass. | June 19 | Nov. 1 | NA | NA | NA | NA | 1 | 13,365 |
| 57 | National Bancorp Inc. Schaumburg, Ill. | Antioch Bancshares Inc. Ill. | May 18 | Nov. 1 | NA | NA | NA | NA | 2 | 141,330 |
| 58 | Popular Inc. Hato Rey, Puerto Rico | Citibank NA retail business Puerto Rico | Aug. 9 | Oct. 31 | NA | NA | NA | NA | NA | NA |
| 59 | Omaha Financial Holdings Inc. | Peak National Bank Nederland, Colo. | May 9 | Oct. 30 | NA | NA | NA | NA | 7 | 211,657 |
| 60 | First Wyoming Bancorp. Laramie | Western Bank of Cheyenne Wyo. | June 3 | Oct. 26 | NA | NA | NA | NA | 2 | 81,878 |
| 61 | BSB Bancshares Inc. Lincoln, Neb. | Brunswick Bancshares Inc. Neb. | June 30 | Oct. 25 | NA | NA | NA | NA | 2 | 34,686 |
| 62 | Omaha Financial Holdings Inc. | Security Federal Savings Lincoln, Neb. | May 23 | Oct. 25 | NA | NA | NA | NA | 2 | 117,696 |
| 63 | A.N.B. Holding Co. Ltd. Terrell, Tex. | Bryant-Irvin Bancshares Inc. Benbrook, Tex. | June 12 | Oct. 9 | NA | NA | NA | NA | 4 | 139,961 |
| 64 | Larch Bancorp. Inc. Larchwood, Iowa | Hardwick State Bank Minn. | May 2 | Oct. 1 | NA | NA | NA | NA | 1 | 12,152 |
Note: Data as of January 3, 2008
Source: SNL Financial, Charlottesville, Va.
© 2008 American Banker