Bank and Thrift Merger Deals Completed in the Third Quarter of 2011
October 19, 2011, 7:58 p.m. EDT 1 Min Read
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Bank and Thrift Merger Deals Completed in the Third Quarter of 2011
Bank and Thrift Merger Deals Completed in the Third Quarter of 2011Ranked by completion date | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Buyer | Seller | Completed | Announced | Deal value (millions) | Deal value/ Equity | Deal value/ Net income | Target assets ($000s) | Target branches | ||
| At announcement | At completion | |||||||||
| 1 | American National Bankshares Inc. Danville, Va. | MidCarolina Financial Corp. Burlington, N.C. | July 1 | Dec. 15 '10 | $38.7 | $29.9 | 73.63% | 19.90 | $552,299 | 8 |
| 2 | First Guaranty Bancshares Inc. Hammond, La. | Greensburg Bancshares Inc. La. | July 1 | Oct. 21 '10 | 5.3 | 5.3 | 97.61 | NM | 94,703 | 4 |
| 3 | VB Texas Inc. Houston | Founders Bank SSB Sugar Land, Texas | July 1 | Feb. 14 | NA | NA | NA | NA | 140,161 | 1 |
| 4 | BMO Financial Group Toronto | Marshall & Ilsley Corp. Milwaukee | July 5 | Dec. 17 '10 | 5,799.0 | 5,991.2 | 96.10 | NM | 51,886,825 | 389 |
| 5 | RBB Bancorp Los Angeles | First Asian Bank Las Vegas | July 8 | Feb. 24 | NA | NA | NA | NA | 35,103 | 2 |
| 6 | United Bankshares Inc. Charleston, W.Va. | Centra Financial Holdings Inc. Morgantown, W.Va. | July 8 | Dec. 15 '10 | 185.4 | 167.9 | 121.09 | 18.63 | 1,410,801 | 16 |
| 7 | BancFirst Corp. Oklahoma City | FBC Financial Corp. Claremore, Okla. | July 12 | April 6 | 25.8 | 25.8 | 99.83 | 8.06 | 264,786 | 6 |
| 8 | Home Bancorp Inc. Lafayette, La. | GS Financial Corp. Metairie, La. | July 15 | March 30 | 26.4 | 26.4 | 94.59 | 41.73 | 263,811 | 5 |
| 9 | Sequatchie Valley Bancshares Inc. Dunlap, Tenn. | Citizens Bank of Spencer Tenn. | July 16 | Feb. 17 | 1.1 | 1.1 | 61.03 | 4.17 | 44,103 | 1 |
| 10 | Berkshire Hills Bancorp Inc. Pittsfield, Mass. | Legacy Bancorp Inc. Pittsfield, Mass. | July 21 | Dec. 21 '10 | 112.8 | 123.5 | 110.41 | NM | 972,040 | 20 |
| 11 | Finlayson Bancshares Inc. Minn. | First National Bank of the North Sandstone, Minn. | July 27 | Jan. 20 | NA | NA | NA | NA | 69,578 | 4 |
| 12 | Comerica Inc. Dallas | Sterling Bancshares Inc. Houston | July 28 | Jan. 16 | 1,028.9 | 789.4 | 127.20 | NM | 5,039,621 | 60 |
| 13 | SKBHC Holdings LLC Scottsdale, Ariz. | Sunrise Bank San Diego | July 28 | June 9 | 18.5 | 18.5 | 91.93 | NM | 231,990 | 4 |
| 14 | SKBHC Holdings LLC Scottsdale, Ariz. | Bank of the Northwest Bellevue, Wash. | July 28 | May 24 | 16.8 | 16.8 | 110.67 | NM | 146,390 | 4 |
| 15 | First Bank Lubbock Bancshares Inc. | Jefferson Bank Dallas | July 29 | April 3 | 11.0 | 11.0 | 106.04 | NM | 204,922 | 5 |
| 16 | Bendena Bancshares Inc. Kan. | Farmers State Bank of Highland Kan. | Aug. 1 | April 6 | 1.3 | 1.3 | 63.45 | NM | 12,490 | 1 |
| 17 | Ocean Shore Holding Co. Ocean City, N.J. | CBHC Financialcorp Inc. Egg Harbor City, N.J. | Aug. 1 | Feb. 15 | 11.9 | 11.9 | 110.23 | 12.48 | 136,038 | 5 |
| 18 | Investor group | First Security Bank of Nevada Las Vegas | Aug. 3 | June 27 | NA | NA | NA | NA | 106,069 | 2 |
| 19 | GNB Financial Services Inc. Gratz, Pa. | Herndon National Bank Pa. | Aug. 6 | Feb. 4 | 8.3 | 8.0 | 96.29 | 59.07 | 30,482 | 1 |
| 20 | First General Bank Rowland Heights, Calif. | Golden Security Bancorp Rosemead, Calif. | Aug. 23 | May 19 | 4.4 | 4.4 | 46.92 | NM | 139,749 | NA |
| 21 | Round Top Bancshares Inc. Texas | Eagle Bank Jarrell, Texas | Aug. 23 | May 25 | 3.5 | 3.5 | 178.30 | 18.76 | 22,441 | 2 |
| 22 | Carlile Bancshares Inc. Fort Worth, Texas | Bank at Broadmoor Colorado Springs | Aug. 24 | May 13 | 22.5 | 22.5 | 153.60 | 30.99 | 174,454 | 4 |
| 23 | Southwest Security Inc. Natchez, Miss. | Merchants & Farmers Bank Melville, La. | Aug. 26 | Jan. 24 | NA | NA | NA | NA | 7,961 | 1 |
| 24 | Grandpoint Capital Inc. Los Angeles | Orange Community Bancorp Calif. | Aug. 30 | March 10 | 32.1 | 33.0 | 146.59 | 23.62 | 223,649 | 3 |
| 25 | North American Financial Holdings Inc. Charlotte | Green Bankshares Inc. Greeneville, Tenn. | Sept. 7 | May 5 | 9.9 | 78.6 | 71.50 | NM | 2,406,040 | 65 |
| 26 | Investor group in Newark, N.J. | Community FSB Holding Co. Woodhaven, N.Y. | Sept. 8 | April 14 | NA | NA | NA | NA | 52,176 | 2 |
| 27 | Customers Bancorp Inc Wyomissing, Pa. | Berkshire Bancorp Inc. Wyomissing, Pa. | Sept. 17 | Aug. 23 '10 | 11.8 | 10.9 | 110.21 | NM | 147,083 | 5 |
| 28 | RBB Bancorp Los Angeles | Ventura County Business Bank Oxnard, Calif. | Sept. 23 | June 6 | NA | NA | NA | NA | 80,493 | 2 |
| 29 | Bedford Bancorp Inc. Iowa | Valley Bank and Trust Cherokee, Iowa | Sept. 30 | April 13 | NA | NA | NA | NA | 30,541 | 2 |
| 30 | Central Bancompany Inc. Jefferson City, Mo. | Union Savings Bancshares Inc. Sedalia, Mo. | Sept. 30 | May 12 '10 | NA | NA | NA | NA | 103,517 | 2 |
| 31 | Wintrust Financial Corp. Lake Forest, Ill. | Elgin State Bancorp Inc. Ill. | Sept. 30 | July 25 | 15.5 | 13.2 | 77.97 | NM | 288,346 | 3 |
Note: Data as of Oct. 14, 2011.
Source:
SNL Financial
, Charlottesville, Va. © 2011 American Banker