© 2024 Arizent. All rights reserved.
M&A

Bank and Thrift Mergers Completed

May 25, 2004, 10:08 a.m. EDT 1 Min Read
View Table
Printer Friendly Version
Bank and Thrift Mergers Completed

Bank and Thrift Mergers Completed
Through April 30, 2004. Ranked by price at closing. Dollars in thousands
Published May 25, 2004
      Date   At closing Closing price to: Seller's
  Buyer Seller Announced Completed Announced price Price Per Share Equity 12-mo. Net Assets Employees Branches
1 Bank of America Corp. Charlotte FleetBoston Financial Corp. Oct. 27 1-Apr $49,604,484 $49,241,382 $44.97 2.63 18.52 $200,235,000 47,441 1,570
2 Independence Community Bank Corp. Brooklyn, N.Y. Staten Island Bancorp Inc. New York Nov. 25 12-Apr 1,498,248 1,536,388 24.38 2.45 NM 7,486,156 2,286 31
3 PNC Financial Services Group Pittsburgh United National Bancorp Bridgewater, N.J. Aug. 21 Jan. 1 649,121 692,733 36.03 2.59 26.16 3,149,528 745 52
4 NewAlliance Bancshares Inc. New Haven, Conn. Connecticut Bancshares Inc. Manchester 16-Jul 1-Apr 616,884 610,858 52 2.2 21.12 2,587,806 496 28
5 National City Corp. Cleveland Allegiant Bancorp Inc. St. Louis Nov. 20 9-Apr 489,003 503,412 27.91 2.47 21.43 2,452,830 527 37
6 Sovereign Bancorp Inc. Philadelphia First Essex Bancorp Inc. Andover, Mass. 13-Jun Feb. 6 400,369 490,309 57.8 2.96 22.32 1,746,085 321 20
7 BB&T Corp. Winston-Salem, N.C. Republic Bancshares Inc. St Petersburg, Fla. Dec. 2 14-Apr 437,059 395,133 29.15 1.83 38.11 2,832,121 857 74
8 First Niagara Financial Group Inc. Lockport, N.Y. Troy Financial Corp. N.Y. Aug. 11 Jan. 16 354,941 356,026 35.61 2.14 25.88 1,365,456 303 23
9 Provident Bankshares Corp. Baltimore Southern Financial Bancorp Inc. Warrenton, Va. Nov. 3 30-Apr 332,848 312,758 41.92 2.65 22.88 1,094,388 240 29
10 Hanmi Financial Corp. Los Angeles Pacific Union Bank Los Angeles Dec. 22 30-Apr 299,117 311,692 29.2 2.82 25.94 1,136,849 275 12
11 Banknorth Group Inc. Portland, Maine CCBT Financial Cos. Inc. South Yarmouth, Mass. Dec. 9 30-Apr 304,112 283,593 33.2 2.44 43.87 1,338,233 403 37
12 FleetBoston Financial Corp. Progress Financial Corp. Blue Bell, Pa. Aug. 28 Jan. 30 205,607 235,755 31.67 3.52 31.27 1,178,550 258 21
13 Texas Regional Bancshares McAllen Southeast Texas Bancshares Inc. Beaumont Sept. 15 12-Mar 226,469 234,732 103.65 2.26 17.79 1,151,543 379 28
14 Fulton Financial Corp. Lancaster, Pa. Resource Bankshares Corp. Virginia Beach Aug. 25 1-Apr 196,673 214,784 32.66 3.34 17 867,293 357 7
15 Sterling Financial Corp. Spokane Klamath First Bancorp Inc. Klamath Falls, Ore. 15-Jul Jan. 2 147,293 186,117 26.35 1.48 74.16 1,537,118 429 51
16 Seacoast Financial Corp. New Bedford, Mass. Abington Bancorp Inc. Mass. Oct. 21 29-Apr 141,313 182,817 43.93 3.02 57.51 815,079 304 19
17 Citizens Financial Group Inc. Providence, R.I. Thistle Group Holdings Co. Philadelphia Sept. 22 Jan. 5 147,813 147,314 26 1.81 31.78 850,253 159 12
18 Pacific Capital Bancorp Santa Barbara, Calif. Pacific Crest Capital Inc. Agoura Hills, Calif. Oct. 16 5-Mar 135,941 135,941 26 2.74 15.27 592,278 87 5
19 UnionBanCal Corp. San Francisco Business Bancorp San Bernardino, Calif. Sept. 26 Jan. 15 130,309 133,311 30.15 1.98 18.24 676,285 215 15
20 Alabama National BanCorp. Birmingham Indian River Banking Co. Vero Beach, Fla. Oct. 22 Feb. 27 109,307 109,783 47.99 2.79 22.05 541,525 165 9
21 TowneBank Portsmouth, Va. Harbor Bank Newport News, Va. Oct. 23 22-Mar 84,277 98,492 58 3.61 68.29 305,979 78 7
22 Banknorth Group Inc. Portland, Maine Foxborough Savings Bank Foxboro, Mass. Nov. 25 30-Apr 89,600 89,600 100 3.25 57.25 248,939 54 4
23 Humboldt Bancorp Roseville, Calif. California Independent Bancorp Yuba City Aug. 12 Jan. 6 83,805 88,441 39 2.93 19.91 375,901 133 11
24 Southern Community Winston-Salem, N.C. Community Bank Pilot Mountain, N.C. 23-Jul Jan. 12 78,100 87,510 54.16 3.15 20.7 258,851 75 10
25 Provident Bancorp Inc. Montebello, N.Y. ENB Holding Co. Inc. Ellenville, N.Y. 2-Jul Jan. 14 73,546 76,467 50.22 2.72 28.58 362,119 135 9
26 NewAlliance Bancshares Inc. New Haven Alliance Bancorp of New England Inc. Vernon, Conn. 16-Jul 1-Apr 72,073 73,521 25 2.18 48.69 438,548 107 10
27 Synovus Financial Corp. Columbus, Ga. Peoples Florida Banking Corp. Palm Harbor Oct. 7 Jan. 30 70,730 68,418 33.42 3.55 21.61 255,563 71 4
28 NBC Capital Corp. Starkville, Miss. Enterprise Bancshares Inc. Memphis Dec. 11 31-Mar 53,131 53,131 48 2.35 34.31 294,424 96 4
29 Southwest Bancorp of Texas Houston Reunion Bancshares Inc. Dallas Oct. 27 Jan. 30 50,000 50,000 22.87 2.88 33.09 223,110 48 6
30 Southern Financial Bancorp Inc. Warrenton, Va. Essex Bancorp Inc. Norfolk, Va. 24-Jul Feb. 27 28,633 45,958 18.05 2.35 27.11 336,883 146 5
31 First Community Bancshares Inc. Bluefield, Va. PCB Bancorp Inc. Johnson City, Tenn. Dec. 31 31-Mar 36,531 36,531 40 2.6 19.52 172,283 54 5
32 First Community Bancorp Rancho Santa Fe, Calif. Harbor National Bank Newport Beach, Calif. Dec. 1 16-Apr 35,500 35,500 13.28 2.35 29.34 182,630 51 6
33 Yadkin Valley Bank and Trust Co. Elkin, N.C. High Country Financial Corp. Boone, N.C. 28-May Jan. 1 36,684 35,104 22.94 2.01 NM 183,753 62 5
34 Bank of Montreal Toronto Lakeland Financial Corp. Round Lake Heights, Ill. Nov. 24 1-Mar 34,600 34,600 449.04 2.35 12.03 166,003 47 2
35 Boston Private Financial Holdings First State Bancorp Granada Hills, Calif. 10-Jul Feb. 17 26,757 30,728 20.96 2.11 13.44 185,145 40 2
36 Citizens First Bancorp Inc. Port Huron, Mich. Metro Bancorp Inc. Farmington Hills, Mich. 22-May Jan. 9 30,000 30,000 711.73 1.85 58.82 151,830 59 4
37 Capital City Bank Group Inc. Tallahassee, Fla. Quincy State Bank Fla. Jan. 8 19-Mar 28,100 28,100 2,810.00 2.44 10.17 127,168 33 2
38 Alabama National BanCorp. Birmingham Cypress Bankshares Inc. Palm Coast, Fla. Oct. 15 Feb. 20 26,671 27,179 33.49 2.81 29.88 113,720 22 2
39 PremierWest Bancorp Medford, Ore. Mid Valley Bank Red Bluff, Calif. Sept. 16 Jan. 23 25,662 27,092 22.68 2.12 29.02 180,597 78 5
40 Simmons First National Corp. Pine Bluff, Ark. Alliance Bancorp. Inc. Hot Springs, Ark. Oct. 8 22-Mar 25,474 25,615 851 2.25 17.99 142,183 42 5
41 Monarch Community Bancorp Coldwater, Mich. MSB Financial Inc. Marshall, Mich. Sept. 2 15-Apr 25,630 25,376 18.55 1.57 17.69 94,891 30 3
42 Northwest Bancorp Inc. Warren, Pa. Skibo Financial Corp. Carnegie, Pa. Sept. 11 30-Apr 22,798 22,798 17 2.31 73.62 155,691 17 4
43 Northern States Financial Corp. Waukegan, Ill. Round Lake Bankcorp Inc. Ill. Sept. 11 Jan. 5 19,800 19,800 1,114.68 2.07 30.7 108,054 43 2
44 South Shore Savings Bank Weymouth, Mass. Horizon Bank and Trust Co. Braintree, Mass. 21-Jul Feb. 19 19,561 19,561 16.75 1.39 15.45 131,231 23 1
45 Landmark Bancorp Inc. Manhattan, Kan. First Kansas Financial Corp. Osawatomie Nov. 13 1-Apr 17,911 18,107 19 1.05 NM 151,380 46 7
46 Iberia Bank Corp. New Iberia, La. Alliance Bank of Baton Rouge Nov. 17 Feb. 29 15,472 18,074 18.67 1.82 33.66 76,077 19 1
47 Pacific Financial Corp. Aberdeen, Wash. BNW Bancorp Inc. Bellingham, Wash. Oct. 22 Feb. 27 17,658 17,658 22.95 2.4 18.62 104,518 46 5
48 Liberty Bancshares Inc. Arnolds Park, Iowa StateFed Financial Corp. Des Moines Nov. 18 11-Mar 17,648 17,648 13.47 1.25 NM 93,323 32 3
49 American Community Bancshares Inc. Monroe, N.C. FNB Bancshares Inc. Gaffney, S.C. Nov. 5 15-Apr 15,404 16,345 21.29 1.91 25.56 76,553 28 4
50 Community Capital Corp. Greenwood, S.C. Abbeville Capital Corp. S.C. Aug. 19 4-Mar 15,000 15,736 66.22 2.1 16.04 70,370 23 1
51 Community Bancshares of Mississippi Inc. Brandon Security Bancshares Inc. Amory, Miss. Nov. 14 Feb. 28 15,000 15,000 3,843.20 1.41 17.88 142,096 40 5
52 Fentura Financial Inc. Fenton, Mich. West Michigan Financial Corp. Hudsonville Oct. 15 15-Mar 13,250 12,923 336 2.46 40.31 132,552 58 3
53 North American Bancshares Sherman, Tex. Pioneer Bankshares Inc. Fredericksburg, Tex. 24-Jul Jan. 1 12,697 12,697 81.41 2.61 NM 75,213 22 2
54 Cascade Bancorp Bend, Ore. Community Bank of Grants Pass Ore. 31-Jul Jan. 1 11,900 12,640 19.26 2.23 28.55 47,418 19 1
55 America Bancshares Inc. Newport, Minn. PriVest Bank Santa Ana, Calif. Sept. 18 Jan. 8 10,900 10,900 18 2.25 NM 77,179 19 2
56 Capitol Bancorp Ltd. Lansing, Mich. First Carolina State Bank Rocky Mount, N.C. Dec. 1 31-Mar 10,743 10,743 14 1.74 38.92 62,304 13 1
57 Southwest Georgia Financial Corp. Moultrie First Bank Holding Co. Sylvester, Ga. Nov. 24 Feb. 27 9,756 9,720 160.94 1.3 32 44,091 18 1
58 Liberty Bancshares Inc. Jonesboro, Ark. Spring Rivers Bancshares Inc. Imboden, Ark. Nov. 18 19-Mar 8,119 8,119 455.84 1.4 NM 84,421 31 3
59 Franklin Bank Corp. Houston Lost Pines Bancshares Inc. Smithville, Tex. Nov. 13 1-Mar 6,900 6,900 46 1.64 17.69 40,733 19 2
60 United Security Bancshares Fresno Taft National Bank Calif. Dec. 11 23-Apr 7,098 6,574 22.75 1.71 30.89 50,393 24 2
61 Shore Bancshares Inc. Easton, Md. Midstate Bancorp Inc. Felton, Del. Nov. 12 1-Apr 6,407 5,747 59.55 1.83 15.79 51,150 22 2
62 ColoEast Bankshares Lamar, Colo. First National Bank of Tribune Kan. Oct. 8 Feb. 6 4,600 4,600 61.14 1.37 50.55 39,844 9 1
63 Patapsco Bancorp Inc. Dundalk, Md. Parkville Federal Savings Bank Baltimore Nov. 12 1-Apr 4,380 4,380 62.51 1.25 26.53 49,358 19 4
64 Tradition Bank Houston Katy Bank Tex. Dec. 18 30-Mar 3,750 3,750 21.7 1.67 25.51 32,642 23 2
65 Pine River Bank Corp. Bayfield, Colo. First National Bank of Lake City Colo. Jan. 14 4-Mar 2,600 2,600 53.43 1 18.31 31,764 15 2
66 Van Orin Bancorp Inc. Van Orin, Ill. Malden Bancorp Inc. Ill. Sept. 16 1-Mar 2,500 2,500 .NA 1.38 13.16 13,258 4 1
67 Treaty Oak Holdings Inc. Austin Texline State Bank Tex. May. 16 10-Mar 2,200 2,225 35.88 1.95 31.34 12,130 7 1
68 MSB Capital Corp. Columbus, Ohio First State Bank West Manchester, Ohio Nov. 24 Feb. 13 684 684 13.68 0.53 NM 15,139 7 1
69 Ridgefield Bank Conn. Fairfield County Savings Bank Norwalk, Conn. Aug. 6 Jan. 1 NA NA NA NA NA 365,038 71 7
70 Marathon Banking Corp. New York Interbank of New York Sept. 17 Jan. 23 NA NA NA NA NA 270,156 62 4
71 Fred Lawson Maryville, Tenn. Citizens Bank of Gainesboro Tenn. Oct. 21 Jan. 9 NA NA NA NA NA 50,294 18 1
72 Sulphur Springs Bancshares Tex. Hawkins Financial Corp. Tex. Dec. 19 Feb. 27 NA NA NA NA NA 36,849 19 3
73 Bramble Savings Bank Milford, Ohio First Savings Bank Norwood, Ohio Nov. 25 27-Mar NA NA NA NA NA 24,973 13 3
74 Centrue Financial Corp. Kankakee, Ill. Parish Bank and Trust Co. Momence, Ill. Oct. 29 12-Mar NA NA NA NA NA 20,966 11 2
75 Tremont Bancorp Inc. Tremont, Ill. Hopedale Investment Co. Ill. Dec. 24 12-Mar NA NA NA NA NA 12,960 8 1
76 First Security Bancorp Searcy, Ark. First National Bank of Springdale Ark. Oct. 8 Jan. 2 NA NA NA NA NA 2,000 116 5
77 Fidelity Financial Corp. Wichita Bridgeview Bank Oklahoma City Jan. 14 Jan. 14 NA NA NA NA NA NA 14 1


Source: Highline Banking Data Services (877-299-9424), formerly Sheshunoff Information Services
© 2004 American Banker

M&A