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Bank and Thrift Merger Deals in 2015

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Bank and Thrift Merger Deals in 2015

Bank and Thrift Merger Deals in 2015Dollars in millions
Published Feb. 17, 2016

Buyer Target Date of
announcement
Deal
value
Price to
tangible
book (%)
Chemical Financial Corp. Lake Michigan Financial Corp. Jan. 6 188.1 220.75
First Merchants Corp. C Financial Corp. Jan. 6 14.5 186.92
McGregor Bancshares Inc. Oglesby State Bank Jan. 7 NA NA
Guaranty Bancshares Inc. DCB Financial Corp. Jan. 8 NA NA
P. Byron DeFoor (private investor) AB&T Financial Corp. Jan. 13 NA NA
Plaza Bank Manhattan Bancorp Jan. 14 52.3 NA
Thomas Lee Loonan (private investor) Easton Bancshares Inc. Jan. 15 NA NA
First Sound Bank Eastside Commercial Bank Jan. 16 0.1 28.76
Washington Savings Bank First Federal Jan. 16 NA NA
Merchants & Farmers Bancshares Inc. Vernon Bancshares Inc. Jan. 19 NA NA
Cathay General Bancorp Asia Bancshares Inc. Jan. 21 126.0 167.37
Kentucky Bancshares Inc. Madison Financial Corp. Jan. 21 7.2 105.46
Royal Bank of Canada City National Corp. Jan. 22 5,332.5 262.13
Live Oak Bancshares Inc. Independence Holding Corp. Jan. 24 8.4 NA
First Commercial Bancshares Inc. DeSoto County Bank Jan. 26 10.8 112.37
Farmers National Banc Corp. National Bancshares Corp. Jan. 27 70.6 142.82
United Community Banks Inc. MoneyTree Corp. Jan. 27 53.0 136.62
Ameris Bancorp Merchants & Southern Banks of Florida Inc. Jan. 29 50.0 140.73
Northern Missouri Bancshares Inc. Flowers National Bank Jan. 29 NA NA
National Bank Holdings Corp. Pine River Bank Corp. Jan. 30 14.0 100.54
Community & Southern Holdings Inc. Community Business Bank Jan. 30 27.4 140.85
Premier Bancshares Inc. Farmers Bancshares Inc. Feb. 3 NA NA
Auburn State Bank Carson National Bank of Auburn Feb. 4 NA NA
Sunshine Bancorp Inc. Community Southern Holdings Inc. Feb. 5 30.8 128.56
Mechanics Savings Bank Biddeford Savings Bank Feb. 5 NA NA
American Bancor United Community Bank of North Dakota Feb. 9 NA NA
Dolores State Bank Mancos Valley Bank Feb. 11 NA NA
Marion County Savings Bank Pekin National Bank Feb. 13 NA NA
FlorIda Grove Bancshares Inc. Monona BanCorp. Feb. 13 NA NA
Finlayson Bancshares Inc. State Bank of Park Rapids Feb. 15 NA NA
Landmark Investor Group Inc. Landmark Community Bank Feb. 17 NA NA
SunPac Security First Bank Feb. 18 18.7 130.27
Five Star Credit Union Farmers State Bank Feb. 18 NA NA
Horizon Bancorp Peoples Bancorp Inc. Feb. 19 73.3 124.27
Community Bank System Inc. Oneida Financial Corp. Feb. 24 142.1 202.08
Docking Bancshares Inc. Relianz Bancshares Inc. Feb. 24 6.0 112.07
Inter-Mountain Bancorp. Teton Bancshares Inc. Feb. 24 NA NA
First Bank Lubbock Bancshares Inc. First National Bank of Colorado City Feb. 24 NA NA
OceanFirst Financial Corp. Colonial American Bank Feb. 25 11.5 115.60
American Commerce Bancshares Inc. ProBank Feb. 25 NA NA
F&T Financial Services Inc. Pan American Bank Feb. 26 4.0 71.45
Edgar County Banc Shares Inc. Sidell Bancorp Inc. Feb. 26 NA NA
Valley Holding Co. Lake County Bank Feb. 26 NA NA
PacWest Bancorp Square 1 Financial Inc. March 2 847.4 262.53
Wintrust Financial Corp. Community Financial Shares Inc. March 2 42.4 148.29
Southeast Bancshares Inc. First National Bank of Howard March 2 2.0 118.09
WSFS Financial Corp. Alliance Bancorp Inc. of Pennsylvania March 3 93.4 135.50
Howard Bancorp Inc. Patapsco Bancorp Inc. March 3 10.1 101.19
Veritex Holdings Inc. IBT Bancorp Inc. March 9 20.5 172.76
Western Alliance BanCorp. Bridge Capital Holdings March 9 423.9 222.07
Foresight Financial Group Inc. State Bank of Herscher March 11 NA NA
Glen Rock Savings Bank Llewellyn-Edison Savings Bank March 12 NA NA
Progressive Financial Services Inc. Farmers Bank March 12 NA NA
LINCO Bancshares Inc. Community First Bank March 19 44.0 147.70
T & C Bancorp Inc. State Bank of Lima March 23 NA NA
Carolina Alliance Bank PBSC Financial Corp. March 24 23.8 117.96
Overton Financial Corp. Vision Bank - Texas March 24 33.0 179.67
Seacoast Banking Corp. of Florida Grand Bankshares Inc. March 25 15.2 110.65
Atlantic Capital Bancshares Inc. First Security Group Inc. March 25 159.0 175.42
First Interstate BancSystem Inc. Absarokee BanCorp. Inc. March 26 7.2 111.50
Jones National Corp. Valparaiso Enterprises Inc. March 27 16.2 180.74
Camden National Corp. SBM Financial Inc. March 30 134.9 157.25
Wintrust Financial Corp. North Bank March 30 17.0 152.34
First Savings Bank of Hegewisch South End Savings March 30 NA NA
Delmarva Bancshares Inc. Easton Bancorp Inc. March 31 8.0 NA
Commerce Bancorp Inc. Anadarko Bank and Trust Co. March 31 NA NA
AmeriBancShares Inc. Northern Bancshares Inc. March 31 5.9 75.66
First Financial Bankshares Inc. FBC Bancshares Inc. April 1 59.3 389.15
Wintrust Financial Corp. Suburban Illinois Bancorp Inc. April 2 12.5 NM
HMN Financial Inc. Kasson State Bank (certain assets and liabilities) April 2 NA NA
Galva Investment Inc. Franklin Bancshares Inc April 2 NA NA
Everest Bancshares Inc. State Bank of Oskaloosa April 2 NA NA
Pinnacle Financial Partners Inc. CapitalMark Bank & Trust April 7 187.2 242.99
Adams Community Bank Lenox National Bank April 8 14.3 170.69
Systematic Savings Bank Home Savings Bank April 8 NA NA
Andover Bancorp Inc. Community National Bank of Northwestern Pennsylvania April 9 19.0 124.45
All America Bank Bank of the Wichitas April 15 NA NA
All America Bank Southwest State Bank April 15 NA NA
Heartland Financial USA Inc. Community BanCorp. of New Mexico April 16 11.3 151.84
Hamilton Bancorp Inc. Fairmount Bancorp Inc. April 16 15.4 NA
First National Bank at Darlington Gratiot State Bank April 16 NA NA
Parkston Investment Co. Fulton State Bank April 16 NA NA
Nacogdoches Commercial Bancshares Inc. Elkhart State Bank (certain assets and liabilities) April 21 NA NA
United Community Banks Inc. Palmetto Bancshares Inc. April 22 237.6 176.42
Heritage Commerce Corp. Focus Business Bank April 23 54.8 172.93
Merchants Bancshares Inc. Nuvo Bank & Trust Co. April 27 21.7 133.00
Connections Bancshares Inc. Calvert Financial Corp. April 28 3.4 126.44
Pinnacle Financial Partners Inc. Magna Bank April 28 82.5 163.47
UniBanc Corp. Bank of Stapleton April 29 NA NA
First Federal Bank Inter-State Federal Savings and Loan Association of Kansas City April 29 NA NA
Wells Bancshares Inc. Bedison Bancshares Inc. April 30 5.0 108.68
First South Bancorp Inc. Northwest Georgia Bank May 1 NA NA
Investor group Brickell Bank May 1 10.0 22.26
Ambank Co. Alton BanCorp. May 1 NA NA
Achieva Credit Union Calusa Financial Corp. May 5 23.2 136.07
Bank of the Ozarks Inc. Bank of the Carolinas Corp. May 6 64.7 140.00
Baylake Corp. New Bancshares Inc. May 8 9.7 103.10
First Commonwealth Financial Corp. First Community Bank May 11 14.8 119.84
River Financial Corp. Keystone Bancshares Inc. May 13 36.7 136.15
Madison County Financial Inc. Winside Bancshares Inc. May 13 4.2 83.86
Olympic Bancorp Inc. Puget Sound Financial Services Inc. May 13 NA NA
FNB Bancorp America California Bank May 14 21.5 119.54
Management group Citizens Southern Bancshares Inc. May 14 1.3 28.84
Heartland Financial USA Inc. First Scottsdale Bank May 15 17.7 105.26
Hamilton State Bancshares Inc. Highland Financial Services Inc. May 15 20.1 143.44
Almena State Bank Farmers State Bank May 18 NA NA
Wonder Bancorp Inc. Harvard Savings Bank (assets and liabilities) May 21 NA NA
Valley National Bancorp CNLBancshares Inc. May 27 208.1 169.29
Southwest Bancorp Inc. First Commercial Bancshares Inc. May 27 41.0 137.36
Green Bancorp Inc. Patriot Bancshares Inc. May 27 139.4 156.91
Heartland Financial USA Inc. Premier Valley Bank May 29 95.0 164.01
Central Federal Savings and Loan Association of Chicago American Union Savings and Loan Association May 29 NA NA
R Corp Financial Schwertner State Bank May 29 NA NA
BankFirst Capital Corp. Newton County BanCorp. June 3 NA NA
Community Financial Corp. Garnavillo Bank Corp. June 3 NA NA
Kopernik Bank Kosciuszko Federal Savings Bank June 3 NA NA
Liberty Bank Naugatuck Valley Financial Corp. June 4 77.8 125.86
First Capital Inc. Peoples Bancorp Inc. of Bullitt County June 4 29.8 103.31
WestStar Bank Holding Co. First National Bank June 5 NA NA
South Shore Satuit June 5 NA NA
Choice Financial Holdings Inc. Northland Financial June 8 NA NA
North Shore Bancorp Merrimac Savings Bank June 9 NA NA
Home BancShares Inc. Florida Business BancGroup Inc. June 17 102.3 189.81
William P. Butler (private investor) American Founders Bank Inc. June 17 14.4 121.22
Home Bancorp Inc. Louisiana Bancorp Inc. June 18 74.6 119.58
Bear State Financial Inc. Metropolitan National Bank June 22 70.0 133.20
PBB Bancorp First Mountain Bank June 22 13.4 104.01
Northwest BanCorp. Fairfield Financial Holdings Corp. June 23 20.8 138.45
Farmers National Banc Corp. Tri-State 1st Banc Inc. June 24 14.2 NA
Juniata Valley Financial Corp. FNBPA Bancorp Inc. June 26 13.3 129.06
Hometown Bancorp Farmers Exchange Bank June 26 NA NA
Private investors Ford County State Bank June 26 3.7 96.75
First Merchants Corp. Ameriana Bancorp June 29 68.9 168.83
Red River Financial Services Inc. First State Bank of Fertile June 29 NA NA
First National Bankers Bankshares Inc. Independent Bankers' Bank of Florida June 30 1.9 NM
Citizens Financial Services Inc. First National Bank of Fredericksburg June 30 22.9 144.34
Post Oak Bancshares Inc. SSB Bancshares Inc. July 1 NA NA
Olney Bancshares of Texas Inc. Throckmorton Bancshares Inc. July 2 NA NA
Private investors Citizens State Bank and Trust Co. July 6 0.3 23.15
Premier Financial Bancorp Inc. First National Bankshares Corp. July 7 26.5 147.04
National Commerce Corp. Reunion Bank of Florida July 7 42.2 160.17
First State Bancshares Inc. Central Bank July 9 NA NA
Bank of Nova Scotia Retail and commercial banking business July 14 360.0 NA
BancFirst Corp. CSB Bancshares Inc. July 14 NA NA
American Riviera Bank Bank of Santa Barbara July 15 15.4 104.70
Preferred Bank United International Bank July 20 22.0 108.76
HCBF Holding Co. OGS Investments Inc. July 20 NA NA
Southern States Bancshares Inc. Columbus Community Bank July 21 21.4 140.20
Gaylon Lawrence Jr. (private investor) F&M Financial Corp. July 23 84.9 170.74
Independent Bank Group Inc. Grand Bank July 23 79.0 195.66
Reliable Community Bancshares Inc. Bank Star of the BootHeel July 23 NA NA
Planters Holding Co. Covenant Financial Corp. July 23 NA NA
First York Ban Corp. Guide Rock State Bank July 24 5.1 126.83
Suncrest Bank Sutter Community Bank July 27 9.4 101.23
Union Federal Savings and Loan Association First Federal Savings and Loan Association of Kewanee July 27 NA NA
Portage County Bancshares Inc. Bancroft State Bank July 27 NA NA
Equity Bancshares Inc. First Independence Corp. July 28 14.7 104.87
Private Investors Bank of Macks Creek July 28 NA NA
Banner County Ban Corp. Oregon Trail Bank July 28 NA NA
ESSA Bancorp Inc. Eagle National Bancorp Inc. July 29 25.3 112.02
Glacier Bancorp Inc. Cañon Bank Corp. July 30 31.7 147.91
Farmers and Merchants Bankshares Inc. Bankshares of Fayetteville Inc. July 30 42.3 121.04
GN Bankshares Inc. University National Bancshares Inc. July 31 NA NA
Lakeland Bancorp Inc. Pascack Bancorp Inc. Aug. 4 41.9 130.00
F.N.B. Corp. Metro Bancorp Inc. Aug. 4 473.5 172.32
Old Line Bancshares Inc. Regal Bancorp Inc. Aug. 5 5.5 NA
First State Associates Inc. Miner County Bank Aug. 5 6.0 115.25
Prosperity Bancshares Inc. Tradition Bancshares Inc. Aug. 6 76.5 178.25
First National Bank of Pana State Bank of Blue Mound Aug. 7 NA NA
JLL Associates Pioneer Bancshares Inc. Aug. 13 NA NA
BNC Bancorp Southcoast Financial Corp. Aug. 14 95.5 189.30
BB&T Corp. National Penn Bancshares Inc. Aug. 17 1,815.2 219.43
Heartland Bancorp Inc. National Bancorp Inc. Aug. 18 NA NA
First Mutual Holding Co. Belpre Savings Bank Aug. 20 NA NA
Avadian Credit Union American Bank of Huntsville Aug. 24 9.2 89.67
Northfield Bancorp Inc. Hopewell Valley Community Bank Aug. 26 55.3 147.72
Fidelity Co. East Dubuque Bancshares Inc. Aug. 26 NA NA
Oak Valley Bancorp Mother Lode Bank Aug. 27 7.4 143.48
Home Federal Savings and Loan Association of Grand Island Home Federal Savings and Loan Association of Nebraska Aug. 28 NA NA
Farmers Exchange BanCorp. First National Bank of Nash Aug. 31 2.2 155.00
CSBO Holdings Inc. Citizens State Bank of Ouray Aug. 31 7.4 91.59
First Dakota Financial Corp. Dakota State Bank Sept. 1 NA NA
Fidelity Mutual Holding Co. Barre Savings Bank Sept. 2 NA NA
Randolph Bancorp First Eastern Bankshares Corp. Sept. 2 15.5 122.76
NexTier Inc. Eureka Financial Corp. Sept. 3 35.3 146.91
W.S.B. Inc. Columbus Junction State Bank (operations) Sept. 3 NA NA
Nicolet Bankshares Inc. Baylake Corp. Sept. 8 141.5 143.72
Grant Bancshares Inc. Bank of Ringgold Sept. 11 NA NA
Greenville Bancshares Inc. Cabool State Bank Sept. 15 NA NA
First Cecilian Bancorp Inc. Farmers Bancshares Inc. Sept. 16 49.0 121.90
California Bank of Commerce Pan Pacific Bank Sept. 18 24.3 130.85
First Midwest Bancorp Inc. Peoples Bancorp Inc. Sept. 21 NA NA
ESB Bancorp Hometown Community Bancorp Sept. 21 NA NA
Weststar Mortgage Corp. Goldwater Bank Sept. 21 NA NA
NexBank Capital Inc. College Savings Bank Sept. 21 NA NA
First Illinois Bancorp Inc. Concord Bancshares Inc. Sept. 21 NA NA
Alerus Financial Corp. Beacon Bank Sept. 22 46.0 200.00
Pinnacle Bancorp Inc. Myers Bancshares Inc. Sept. 24 NA NA
HomeStreet Inc. Orange County Business Bank Sept. 28 56.2 117.29
Citizens National Corp. Alliance Banking Co. Sept. 30 4.0 75.00
Pacific Premier Bancorp Inc. Security California Bancorp Oct. 1 118.8 169.24
Ameris Bancorp Jacksonville Bancorp Inc. Oct. 1 96.6 237.37
Town and Country Financial Corp. West Plains Investors Inc. Oct. 1 NA NA
Park Sterling Corp. First Capital Bancorp Inc. Oct. 1 82.6 151.00
Capital Bank Holdings Inc. Freedom Bank of Oklahoma Oct. 1 NA NA
CenterState Banks Inc. Community Bank of South Florida Inc. Oct. 5 66.6 145.06
F & M Bancshares Inc. Medina Bancshares Inc. Oct. 5 NA NA
Republic Bancorp Inc. Cornerstone Bancorp Inc. Oct. 7 32.3 NA
Investor group Radius Bancorp Inc. Oct. 7 47.0 81.57
WSB Bancshares Inc. XIT Bancshares Inc. Oct. 8 NA NA
Yadkin Financial Corp. NewBridge Bancorp Oct. 13 452.3 195.25
Hamilton Bancorp Inc. Fraternity Community Bancorp Inc. Oct. 13 26.9 97.57
Community Bank Holdings of Texas Inc. StarBanc Holding Co. Oct. 13 NA NA
CVB Financial Corp. County Commerce Bank Oct. 14 41.3 170.46
NCAL Bancorp Commercial Bank of California Oct. 14 NA NA
Citizens Bancshares of Batesville Inc. Parkway Bankshares Inc. Oct. 14 21.8 NA
Bank of the Ozarks Inc. Community & Southern Holdings Inc. Oct. 19 799.5 198.69
Revere Bank BlueRidge Bank Oct. 19 20.0 120.20
Regal Bank Community First Bank Oct. 20 9.6 109.09
Renasant Corp. KeyWorth Bank Oct. 20 58.7 136.97
Southern BancShares Inc. Heritage Bankshares Inc. Oct. 21 50.2 144.77
First Breckinridge Bancshares Inc. American Bank & Trust Co. Oct. 21 NA NA
Beneficial Bancorp Inc. Conestoga Bank Oct. 22 100.1 160.00
Level One Bancorp Inc. Bank of Michigan Oct. 22 16.5 154.20
Fort Madison Financial Co. Keokuk Savings Bank and Trust Co. Oct. 22 NA NA
Heartland Financial USA Inc. CIC Bancshares Inc. Oct. 23 85.2 150.30
First National Bancorp Inc. Twin Lakes Community Bank Oct. 23 NA NA
Fidelity Southern Corp. American Enterprise Bankshares Inc. Oct. 26 26.9 140.81
German American Bancorp Inc. River Valley Bancorp Oct. 26 87.2 157.15
CenterState Banks Inc. Hometown of Homestead Banking Co. Oct. 27 19.2 122.05
Spencer MHC Green Valley Bancorp Oct. 28 NA NA
Chippewa Valley Agency State Bank of Drummond Oct. 28 NA NA
New York Community Bancorp Inc. Astoria Financial Corp. Oct. 29 1,944.2 145.92
KeyCorp First Niagara Financial Group Inc. Oct. 30 4,171.8 168.37
Community Financial Corp. Linn County State Bank Nov. 2 NA NA
Seacoast Banking Corp. of Florida Floridian Financial Group Inc. Nov. 3 77.4 143.91
CNB Bancshares Inc. National Bank of Tennessee Nov. 4 3.7 44.22
C&G Savings Bank Cresson Community Bank Nov. 4 NA NA
Grayson Bankshares Inc. Cardinal Bankshares Corp. Nov. 8 NA NA
Investor group Stonebridge Bank Nov. 9 0.6 7.82
United Bankshares Inc. Bank of Georgetown Nov. 9 269.0 217.87
Bank of the Ozarks Inc. C1 Financial Inc. Nov. 9 402.5 202.76
First Farmers Financial Corp. Century Bank Corp. Nov. 10 NA NA
RBB Bancorp TFC Holding Co. Nov. 10 83.2 140.71
First Midwest Bancorp Inc. NI Bancshares Corp. Nov. 12 73.4 133.46
Eastern Michigan Financial Corp. Ruth Bank Corp. Nov. 12 NA NA
Royal Bancshares Inc. Frontenac Bancshares Inc. Nov. 13 NA NA
BNC Bancorp High Point Bank Corp. Nov. 16 141.4 147.40
First Bancshares Corp. Northern Michigan Bank & Trust Nov. 17 NA NA
Centre 1 Bancorp Inc. Walworth State Bank Nov. 19 NA NA
County Bancorp Inc. Fox River Valley Bancorp Inc. Nov. 20 28.9 120.23
Middletown Valley Bank Woodsboro Bank Nov. 20 NA NA
MB Financial Inc. American Chartered Bancorp Inc. Nov. 22 449.0 218.82
Capital Bank Financial Corp. CommunityOne Bancorp Nov. 23 350.2 131.04
Coastal Banking Co. First Avenue National Bank Nov. 23 NA NA
WSFS Financial Corp. Penn Liberty Financial Corp. Nov. 23 101.6 198.99
BNH Financial Community Guaranty Corp. Nov. 23 12.9 161.57
MainSource Financial Group Inc. Cheviot Financial Corp. Nov. 24 107.4 123.42
Entegra Financial Corp. Oldtown Bank Nov. 24 13.5 115.55
Expobank Royal Bank of Scotland ZAO Nov. 30 NA NA
Great Western Bancorp Inc. HF Financial Corp. Nov. 30 139.5 134.87
Shinhan Financial Group Co. PT. Bank Metro Express Nov. 30 NA NA
Allendale Bancorp Inc. First State Bank of West Salem Dec. 1 NA NA
Charter Financial Corp. CBS Financial Corp. Dec. 3 58.7 231.00
First Busey Corp. Pulaski Financial Corp. Dec. 3 211.8 177.07
BBCN Bancorp Inc. Wilshire Bancorp Inc. Dec. 7 1,027.4 224.12
BOK Financial Corp. MBT Bancshares Inc. Dec. 8 102.5 347.19
Univest Corp. of Pennsylvania Fox Chase Bancorp Inc. Dec. 8 244.3 134.30
Frandsen Financial Corp. Provincial Bank Dec. 10 NA NA
Franklin Financial Network Inc. Civic Bank & Trust Dec. 14 29.7 141.62
TowneBank Monarch Financial Holdings Inc. Dec. 17 220.2 191.27
Pacific Commerce Bancorp ProAmérica Bank Dec. 17 29.8 119.05
Professional Holding Corp. FirstCity Bank of Commerce Dec. 18 6.8 108.64
Bay Bancorp Inc. Hopkins Bancorp Inc. Dec. 18 23.8 109.37
First Miami Bancshares Inc. First Bank of Fairland Dec. 19 NA NA
Calumet BanCorp. Inc. Calumet County Bank Dec. 22 NA NA
County Bancshares Inc. First Live Oak Bancshares Inc. Dec. 29 23.2 150.09
Amboy Bancorp Inc. Franklin Grove Bank Dec. 30 NA NA
CNB Financial Corp. Lake National Bank Dec. 30 24.8 175.77
Emclaire Financial Corp. United-American Savings Bank Dec. 30 14.1 166.81


Source: KBW Research, SNL Datasource
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