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Bank and Thrift Merger Deals Completed in the Third Quarter of 2009

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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
Published October 21, 2009

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.)

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Note: Data as of Oct. 9, 2009.
Source:

SNL Financial
, Charlottesville, Va.
© 2009 American Banker

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