Bank and Thrift Merger Deals Completed in the Third Quarter of 2010
October 26, 2010, 3:31 p.m. EDT 1 Min Read
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Bank and Thrift Merger Deals Completed in the Third Quarter of 2010
Bank and Thrift Merger Deals Completed in the Third Quarter of 2010Ranked by date at completion | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Buyer | Target | Completed | Announced | Deal value (millions) | Deal value/ Equity | Deal value/ Net income | Target assets ($000s) | Target branches | ||
| At announcement | At completion | |||||||||
| 1 | Bank of New York Mellon Corp. | Arcus Bank Salt Lake City | July 1 | April 3 | NA | NA | NA | NA | $188,966 | 1 |
| 2 | Bryn Mawr Bank Corp. Pa. | First Keystone Financial Inc. Media, Pa. | July 1 | Nov. 3, ’09 | $32.80 | $33.60 | 109.86% | NM | 525,376 | 8 |
| 3 | CrossFirst Holdings LLC Overland Park, Kan. | Town and Country Bank Leawood, Kan. | July 1 | Nov. 18, ’09 | NA | NA | NA | NA | 90,988 | 1 |
| 4 | Fidelity Savings and Loan Association of Bucks County Bristol, Pa. | Croydon Savings Bank Pa. | July 1 | June 16, ’09 | NA | NA | NA | NA | 12,917 | 1 |
| 5 | Investor group | First Republic Bank San Francisco (operations) | July 1 | Oct. 21, ’09 | NA | NA | NA | NA | 19,000,000 | 57 |
| 6 | Riley County Bancshares Inc. Riley, Kan. | Wakefield Bancshares Inc. Kan. | July 1 | March 29 | NA | NA | NA | NA | 24,080 | 2 |
| 7 | Savings Bank of Mendocino County Ukiah, Calif. | Bank of Willits Calif. | July 2 | Aug. 19, ’09 | NA | NA | NA | NA | 132,353 | 2 |
| 8 | BCB Bancorp Inc. Bayonne, N.J. | Pamrapo Bancorp Inc. Bayonne, N.J. | July 6 | June 29, ’09 | 46.9 | 38.8 | NM | NM | 592,373 | 10 |
| 9 | Investor group in Utah | Community Bancorp. Pleasant Grove, Utah | July 12 | March 12 | NA | NA | 73.06 | NM | 113,624 | 3 |
| 10 | Texas Banc Financial Corp. Fort Worth, Texas | The Bank Weatherford, Texas | July 14 | May 5 | NA | NA | NA | NA | 67,565 | 1 |
| 11 | Roma Financial Corp. MHC Robbinsville, N.J. | Sterling Banks Inc. Mount Laurel, N.J. | July 16 | March 17 | 14.7 | 14.7 | 91.58 | NM | 383,087 | 11 |
| 12 | Wilson Bancshares Inc. Kan. | Hoisington National Bank Kan. | July 17 | Dec. 4, ’09 | NA | NA | NA | NA | 21,986 | 1 |
| 13 | Bank Management Inc. Wahoo, Neb. | First National Bank and Trust of Syracuse Neb. | July 22 | April 27 | 7 | 7 | 134.38 | NM | 58,421 | 1 |
| 14 | Independent Bank Group Inc. McKinney, Texas | Town Center Bank Coppell, Texas | July 30 | April 22 | NA | NA | NA | NA | 43,809 | 2 |
| 15 | NHI Financial Services LLC Lincoln, Neb. | Community Bank of Lincoln Neb. | July 30 | Jan. 27 | 3.7 | 3.7 | 141.17 | NM | 56,535 | 1 |
| 16 | Hometown Community Bancorp Inc. Morton, Ill. | TSB Financial Inc. Tremont, Ill. | Aug. 14 | April 8 | NA | NA | NA | NA | 43,463 | 2 |
| 17 | Allcorp Inc. Little Rock, Ark. | Community State Bancshares Inc. Bradley, Ark. | Aug. 16 | May 12 | 3.1 | 3.1 | 160.28 | 17.18 | 20,549 | 1 |
| 18 | Management group | USNY Bank Geneva, N.Y. | Aug. 23 | March 15 | NA | NA | NA | NA | 64,254 | 2 |
| 19 | Investor group | Sterling Financial Corp. Spokane, Wash. | Aug. 26 | April 29 | NA | NA | NA | NA | 9,737,781 | 176 |
| 20 | Ford Financial Fund LP | Pacific Capital Bancorp Santa Barbara, Calif. | Aug. 31 | April 29 | NA | NA | 75.94 | NM | 7,542,255 | 50 |
| 21 | Investor group | Adams Dairy Bank Blue Springs, Mo. | Aug. 31 | Jan. 11 | NA | NA | NA | NA | 42,248 | 1 |
| 22 | Premier Commerce Bancorp Downers Grove, Ill. | G.R. Bancorp Ltd. Grand Ridge, Ill. | Sep. 10 | Jan. 22 | 4.8 | 4.8 | 130.40 | 53.33 | 35,622 | 1 |
| 23 | Farmers Enterprises Inc. Great Bend, Kan. | First National Bank and Trust Co. in Larned Kan. | Sep. 11 | July 7 | NA | NA | NA | NA | 33,383 | 1 |
| 24 | Evergreen Bancorp. Colo. | Clear Creek National Bank Georgetown, Colo. | Sep. 20 | Dec. 4, ’09 | NA | NA | NA | NA | 24,935 | 2 |
| 25 | Veritex Holdings Inc. Dallas | Professional Capital Inc. Dallas | Sep. 20 | March 2 | 20 | 20 | 178.41 | 16.68 | 131,464 | 3 |
| 26 | Investor group | Sun Bancorp Inc. Vineland, N.J. | Sep. 22 | July 7 | NA | NA | 52.84 | NM | 3,531,998 | 67 |
| 27 | Management group in San Francisco | Bank of San Francisco | Sep. 28 | June 3 | NA | NA | NA | NA | 95,684 | 1 |
| 28 | First Peoples Bancorp Inc. Jefferson City, Tenn. | First Peoples Bank of Tennessee Jefferson City | Sep. 30 | July 27 | 5.8 | 5.8 | 66.41 | NM | 126,287 | 7 |
| 29 | Independent Bank Group Inc. McKinney, Texas | Farmersville Bancshares Inc. Texas | Sep. 30 | May 7 | NA | NA | NA | NA | 94,138 | 4 |
| 30 | Investor group | Bay Cities National Bank Redondo Beach, Calif. | Sep. 30 | Sep. 7 | NA | NA | 98.29 | NM | 273,112 | 5 |
| 31 | North American Financial Holdings Jacksonville, Fla. | TIB Financial Corp. Naples, Fla. | Sep. 30 | June 29 | NA | NA | 83.50 | NM | 1,690,657 | 28 |
| 32 | Toronto-Dominion Bank | South Financial Group Inc. Greenville, S.C. | Sep. 30 | May 16 | 191.6 | 191.6 | 31.06 | NM | 12,428,152 | 178 |
Note: Data as of Oct. 14, 2010.
Source:
SNL Financial
, Charlottesville, Va. © 2010 American Banker