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Bank and Thrift Merger Deals Terminated in the Fourth Quarter of 2010

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Bank and Thrift Merger Deals Terminated in the Fourth Quarter of 2010

Bank and Thrift Merger Deals Terminated in the Fourth Quarter of 2010Ranked by date of termination. Dollars in millions

Rank   Target name Terminated Announced Deal
value
Price/
Book (%)
Price/LTM
earnings (x)
1 Trustmark Corp. Miss. Cadence Financial Corp. Miss. Oct. 6 Sep. 21 $54.7 32.09% NM
2 Zaring Group Holdings LLC Ill. First Suburban Bancorp Corp. Ill. Oct. 22 Aug. 25 NA NA NA
3 BCOM Financial Holdings LLC Fla. Cortez Community Bank Fla. Oct. 29 Feb. 22 NA 60.56 NM
4 Aris Financial Corp. Calif. PNB Bancshares Inc. Ill Nov. 6 Feb. 1 NA NA NA
5 Northwest Bancshares Inc. Pa. NexTier Inc. Pa. Nov. 8 May 5 20.3 83.13 NM
6 Naugatuck Valley Financial Corp. MHC Conn. Southern Connecticut Bancorp Inc. Nov. 12 Feb. 22 18.2 115.98 NM
7 Kirkwood BanCorp. Co. N.D. Eagle Valley Bank Wis. Nov. 15 July 22 NA NA NA
8 Continental Bank Holdings Inc. Pa. First Resource Bank Pa. Nov. 18 May 12 8.0 85.54 NM


Source:

SNL Financial
, Charlottesville, Va.
© 2011 American Banker

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