Bank and Thrift Merger Deals Completed in the Third Quarter of 2009
October 20, 2009, 3:53 p.m. EDT 1 Min Read
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Bank and Thrift Merger Deals Completed in the Third Quarter of 2009
Bank and Thrift Merger Deals Completed in the Third Quarter of 2009Ranked by price at completion | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Rank | Seller | Date | Price (millions) | Completed price to: | Seller's | |||||
Announced | Completed | Announced | At completion | Equity | 12-mo. net | Assets ($000) | Branches | |||
1 | Investor group | Boston Private Financial Holdings Inc. (1) | Sep. 17 | Sep. 17 | $93.00 | $93.00 | 74.2 | NM | $1,522,104 | 7 |
2 | Community Exchange Bancshares Hindman, Ky. | Hindman Bancshares Inc. Ky. | Feb. 24 | July 1 | 32.4 | 32.4 | 132.2 | 18.2 | 158,849 | 2 |
3 | Middlesex Bancorp MHC Natick, Mass. | Service Bancorp Inc. (MHC) Medway, Mass. | Dec. 8, '08 | July 1 | 21.9 | 21.9 | 115.2 | NM | 402,560 | 8 |
4 | First Savings Financial Group Inc. Clarksville, Ind. | Community First Financial Group Inc. Corydon, Ind. (2) | Apr. 28 | Sep. 30 | 20.5 | 20.5 | 109.4 | NM | 256,629 | 7 |
5 | CommerceWest Bank Irvine, Calif. | Discovery Bancorp San Marcos, Calif. | March 5 | July 24 | 10.5 | 11.8 | 71.2 | NM | 172,746 | 3 |
6 | First Sentry Bancshares Inc. Huntington, W.Va. | Guaranty Financial Services Inc. Huntington, W.Va. | Aug. 22, '08 | Sep. 26 | 13.4 | 11.2 | 138.1 | NM | 138,315 | 3 |
7 | Foothills Bank Yuma, Ariz. | Capitol Bancorp Ltd. Lansing, Mich. (3) | May 5 | Sep. 18 | 10.5 | 10.5 | 151.4 | 20.6 | 72,267 | 2 |
8 | First Community Bancshares Inc. Bluefield, Va. | TriStone Community Bank Winston-Salem, N.C. | Apr. 2 | July 30 | 8.3 | 10.4 | 72.3 | 61.7 | 152,486 | 2 |
9 | Merchants Bancorp Inc. Hillsboro, Ohio | CB Bancorp Inc. Higginsport, Ohio | March 25 | Aug. 22 | 10.8 | 10.3 | 95.8 | 32.9 | 110,988 | 3 |
10 | Hulett Bancorp Hulett, Wyo. | First National Bank of Ekalaka Mont. | May 27 | Aug. 28 | 3.4 | 3.4 | 153 | 21.2 | 30,178 | 1 |
11 | Big Mac Bancshares Inc. Hoxie, Kan. | Leonardville State Bank Kan. | Apr. 15 | July 1 | 2.7 | 2.7 | 125.2 | NM | 6,587 | 1 |
12 | Country Bancorp. Crawfordsville, Iowa | Springville Banshares Corp. Iowa (4) | March 31 | Aug. 5 | 2.4 | 2.4 | 36.3 | NM | 30,449 | 2 |
13 | Farmers State Bank of Aliceville Westphalia, Kan. | State Bank of Lebo Kan. | Feb. 19 | July 11 | 2.6 | 2.1 | 250.4 | NM | 23,249 | 1 |
14 | Investor group | Robinson Bancshares Inc. Lenox, Ga. | Apr. 23 | Aug. 27 | 1.4 | 1.4 | NA | NA | 37,529 | 3 |
15 | Tall City Bancshares Inc. Midland, Texas | Andrews Holding Co. Andrews, Texas (5) | March 13 | Sep. 21 | 1.3 | 1.3 | 6.9 | NM | 14,856 | 1 |
16 | Southern Missouri Bancorp Inc. Poplar Bluff, Mo. | Southern Bank of Commerce Paragould, Ark. | April 13 | July 17 | 0.6 | 0.6 | 47.8 | NM | 28,385 | 4 |
17 | Capital Funding Bancorp Inc. Baltimore | AmericasBank Corp. Towson, Md. | Apr. 3 | Aug. 25 | 0.3 | 0.3 | 5.2 | NM | 145,935 | 3 |
18 | Intercontinental Bankshares LLC Coral Gables, Fla. | Intercontinental Bank West Miami | Jan. 20 | Aug. 18 | NA | NA | NA | NA | 128,661 | 1 |
19 | Iowa River Bancorp Inc. Tama | Tama Bancshares Inc. Marshalltown, Iowa (6) | Jan. 14 | July 16 | NA | NA | NA | NA | 61,412 | 1 |
20 | Southern Bancorp Inc. Arkadelphia, Ark. | First Delta Bankshares Inc. Blytheville, Ark. | Apr. 6 | Sep. 30 | NA | NA | NA | NA | 309,384 | 9 |
21 | Tilden Bancshares Inc. Tilden, Neb. | Clearwater Development Co. Inc. Neb. (7) | June 6 | Aug. 8 | NA | NA | NA | NA | 15,213 | 1 |
22 | Wilber Co. Lincoln, Neb. | FICO Inc. Filley, Neb. | May 14 | Sep. 18 | NA | NA | NA | NA | 16,025 | 1 |
(
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) (
5
) Target is Kent County State Bank (Jayton, Texas) (
6
) Target is Pinnacle Bank (Marshalltown, Iowa) (
7
) Target is Citizens State Bank (Clearwater, Neb.) Back to Top
Note: Data as of Oct. 9, 2009.
Source:
SNL Financial
, Charlottesville, Va. © 2009 American Banker