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Bank and Thrift Mergers Completed

May 24, 2005, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Mergers Completed

Bank and Thrift Mergers Completed
In 2005 through April 30. Ranked by Price. Dollars in thousands
Published May 24, 2005
Rank Buyer Seller Date Announced Price At closing Closing price to: Seller's
Announced Completed Price Per share Equity 12-mo. net Assets Employees Branches
1 Toronto-Dominion Bank Banknorth Group Inc. Portland, Maine Aug. 26 ’04 March 1 $3,671,253 $3,926,530 $39.37 2.42 19.65 $29,275,790 7,129 373
2 Fifth Third Bancorp Cincinnati First National Bankshares of Florida Inc. Naples Aug. 2 ’04 Jan. 1 1,525,389 1,479,049 23.96 2.08 41.05 4,087,319 1,318 77
3 Sovereign Bancorp Inc. Philadelphia Waypoint Financial Corp. Harrisburg, Pa. March 9 ’04 Jan. 21 981,207 995,841 28.41 2.25 27.66 5,329,902 942 65
4 First Niagara Financial Group Inc. Lockport, N.Y. Hudson River Bancorp Inc. Hudson, N.Y. April 2 ’04 Jan. 14 621,008 602,162 18.95 1.97 17.71 2,618,830 664 52
5 Colonial BancGroup Inc. Montgomery, Ala. Union Bank of Florida Weston Sept. 28 ’04 Feb. 10 233,000 233,000 NA 2.74 14.10 1,052,505 190 18
6 Banknorth Group Inc. Portland, Maine BostonFed Bancorp Inc. Burlington, Mass. June 21 ’04 Jan. 21 195,190 217,783 44.42 2.13 59.47 1,667,866 373 16
7 Popular Inc. Hato Rey, Puerto Rico Kislak Financial Corp. Miami Lakes, Fla. Aug. 17 ’04 Jan. 3 158,000 158,000 822.39 2.49 14.18 962,115 158 8
8 Westamerica Bancorp. San Rafael, Calif. Redwood Empire Bancorp Santa Rosa, Calif. Aug. 25 ’04 March 1 148,002 147,261 28.59 4.83 21.03 515,421 160 10
9 Prosperity Bancshares Inc. Houston FirstCapital Bankers Inc. Corpus Christi Oct. 26 ’04 March 1 135,700 142,400 44.97 2.21 25.10 770,974 308 33
10 Marshall Bancorp Inc. Minneapolis, Minn. BankFirst Corp. Sioux Falls, S.D. Sept. 23 ’04 Jan. 4 138,000 138,000 10 1.02 3.47 676,750 597 5
11 Valley National Bancorp Wayne, N.J. Shrewsbury Bancorp N.J. Dec. 2 ’04 March 31 135,960 135,960 48 2.22 23.04 424,588 121 11
12 WesBanco Inc. Wheeling, W.Va. Winton Financial Corp. Cincinnati Aug. 25 ’04 Jan. 3 103,985 121,628 22.78 2.39 24.36 553,744 136 8
13 F.N.B. Corp. Hermitage, Pa. NSD Bancorp Inc. Pittsburgh Oct. 15 ’04 Feb. 18 136,415 120,871 34.36 3.03 29.45 517,317 145 13
14 Whitney Holding Corp. New Orleans Destin Bancshares Inc. Fla. Oct. 13 ’04 April 22 115,352 114,934 170.65 4.76 23.80 471,096 124 9
15 Wintrust Financial Corp. Lake Forest, Ill. Antioch Holding Co. Ill. Oct. 15 ’04 Jan. 18 95,000 95,000 2,011.14 2.74 37.97 444,681 130 4
16 First BanCorp Santurce, Puerto Rico Ponce General Corp. Miami Nov. 22 ’04 March 31 82,950 82,950 163.67 1.84 12.11 471,378 113 11
17 ESB Financial Corp. Ellwood City, Pa. PHSB Financial Corp. Beaver Falls, Pa. Aug. 12 ’04 Feb. 11 82,655 82,223 26.84 1.68 25.79 323,003 83 11
18 Monmouth Community Bancorp * Long Branch, N.J. Allaire Community Bank * Sea Girt, N.J. June 30 ’04 Jan. 1 52,529 76,645 34.05 4.24 37.97 189,161 55 6
19 Peoples Holding Co. Tupelo, Miss. Heritage Financial Holding Corp. Decatur, Ala. July 15 ’04 Jan. 1 73,440 74,027 6.47 2.14 NM 545,747 154 8
20 Brookline Bancorp Inc. Mass. Mystic Financial Inc. Medford, Mass. July 7 ’04 Jan. 7 66,380 68,677 40.62 2.29 38.79 441,192 93 7
21 Main Street Trust Inc. Champaign, Ill. Citizens First Financial Corp Bloomington, Ill. Nov. 8 ’04 April 1 57,830 58,792 33.86 1.61 32.46 327,103 87 6
22 Home Bancshares Inc. Conway, Ark. TCBancorp Inc. Cabot, Ark. Nov. 23 ’04 Jan. 21 54,296 54,296 35 1.30 32.81 558,741 103 9
23 Park National Corp. Newark, Ohio First Clermont Bank Milford, Ohio Sept. 24 ’04 Jan. 3 52,500 52,500 1,500.00 2.11 54.18 202,427 71 10
24 IberiaBank Corp. Lafayette, La. American Horizons Bancorp Inc. Monroe, La. Sept. 29 ’04 Jan. 31 48,200 51,522 22.49 2.11 20.18 265,336 115 8
25 Benjamin Franklin Bancorp Franklin, Mass. Chart Bank Waltham, Mass. Sept. 1 ’04 April 4 46,498 46,498 30.75 2.46 44.38 249,107 51 3
26 First National Lincoln Corp. Damariscotta, Maine FNB Bankshares Bar Harbor, Maine Aug. 26 ’04 Jan. 14 48,042 45,684 40 2.43 17.07 227,569 82 7
27 Wintrust Financial Corp. Lake Forest, Ill. First Northwest Bancorp Inc. Arlington Heights, Ill. Nov. 17 ’04 March 31 45,066 42,169 20.31 2.87 17.00 267,781 49 2
28 Glacier Bancorp Inc. Kalispell, Mont. First National Banks-West Co. Evanston, Wyo. Nov. 22 ’04 March 1 41,000 41,000 683.33 2.37 9.64 232,800 83 7
29 First Defiance Financial Corp. Ohio ComBanc Inc. Delphos, Ohio Aug. 4 ’04 Jan. 21 38,030 39,217 17.74 1.69 NM 208,813 86 6
30 Texas Regional Bancshares McAllen Mercantile Bank and Trust FSB Dallas Oct. 8 ’04 Jan. 18 35,640 35,640 12 2.33 NM 170,277 37 4
31 Riverview Bancorp Inc. Vancouver, Wash. American Pacific Bank Portland, Ore. Nov. 9 ’04 April 22 34,389 34,140 11.87 1.79 20.68 122,500 31 4
32 BOK Financial Corp. Tulsa Valley Commerce Bancorp Ltd. Phoenix Dec. 21 ’04 April 6 32,000 32,000 NA 2.40 39.02 152,437 33 1
33 Kentucky First Federal Bancorp Hazard Frankfort First Bancorp Inc. Ky. July 16 ’04 March 2 31,188 31,330 23.5 1.74 34.14 138,118 25 4
34 GB&T Bancshares Inc. Gainesville, Ga. FNBG Bancshares Inc. Duluth, Ga. Oct. 4 ’04 March 1 27,707 27,707 30.77 2.25 26.45 116,026 31 2
35 Fidelity Bankshares Inc. West Palm Beach First Community Bancorp Inc. Pahokee, Fla. Sept. 22 ’04 April 4 27,100 27,100 28.36 2.18 10.37 163,061 54 4
36 CVB Financial Corp. Ontario, Calif. Granite State Bank Monrovia, Calif. Oct. 21 ’04 March 1 27,000 27,000 19 2.17 60.20 112,771 28 2
37 Liberty Bancshares Inc. Jonesboro, Ark. TrustBanc Financial Group Inc. Mountain Home Dec. 9 ’04 March 15 26,662 26,662 322.04 2.51 28.07 114,512 28 1
38 Webster Financial Corp. Waterbury, Conn. Eastern Wisconsin Bancshares Howards Grove Sept. 7 ’04 March 1 26,000 26,000 NA 3.47 NM 156,746 60 2
39 First Financial Bankshares Inc. Abilene, Tex. Clyde Financial Corp. Clyde, Tex. Oct. 25 ’04 Feb. 1 25,400 25,400 NA 1.96 46.69 115,413 56 4
40 Premier Valley Bank Fresno Yosemite Bank Mariposa, Calif. Oct. 22 ’04 March 30 24,915 24,915 32 1.97 8.32 163,260 49 5
41 Durant Bancorp Inc. Okla. Krum Bancshares Inc. Tex. Dec. 30 ’04 March 25 23,000 23,000 NA 1.94 8.18 144,384 76 3
42 SCBT Financial Corp. Columbia, S.C. New Commerce BanCorp Greenville, S.C. Dec. 17 ’04 April 8 20,210 20,210 18 2.20 NM 94,096 26 2
43 Investor group Minn. Security State Agency Aitkin, Minn. Nov. 1 ’04 Jan. 7 19,000 19,000 NA 1.92 6.86 91,187 30 3
44 Glacier Bancorp Inc. Kalispell, Mont. Citizens Bank Holding Co. Pocatello, Idaho Dec. 15 ’04 April 1 17,289 17,289 39 2.32 18.57 110,244 43 3
45 Oak Hill Financial Inc. Jackson, Ohio Lawrence Financial Holdings Inc. Ironton, Ohio Oct. 12 ’04 April 1 15,981 15,981 23.75 1.37 NM 120,304 53 5
46 Mabrey Bancorp Inc. Okmulgee, Okla. CSB Inc. Bixby, Okla. May 20 ’04 Jan. 1 15,500 15,500 1,476.19 2.08 16.44 216,506 81 3
47 Investor group Fla. Liberty Bancorp. Longwood, Fla. April 1 ’04 Jan. 1 15,400 15,400 NA 2.24 NM 71,302 34 4
48 Central Bancshares Inc. Lexington, Ky. First Bank Inc. Louisville, Ky. Dec. 29 ’04 April 1 13,581 13,644 6.88 1.16 NM 189,526 77 3
49 First Defiance Financial Corp Ohio Genoa Savings and Loan Co. Ohio Oct. 13 ’04 April 8 11,000 11,000 30.22 1.52 NM 96,821 39 3
50 First Banks Inc. Clayton, Mo. FBA Bancorp Inc. Chicago Jan. 10 ’05 April 29 10,500 10,500 18 1.35 NM 74,482 45 4
51 Argentum Capital Management LLC Durham, N.C. Smith River Community Bank Martinsville, Va. Jan. 13 ’05 March 23 6,500 6,500 10.83 1.46 36.72 59,463 23 3
52 FSB Bancshares Inc. Henderson, Tenn. Friendship Bancshares Inc. Friendship, Tenn. Sept. 15 ’04 Jan. 7 4,630 4,630 NA 1.42 6.67 82,805 31 4
53 Porter Bancorp Inc. Shepherdsville, Ky. Citizens Financial Bank Inc. Glasgow, Ky. Oct. 22 ’04 Jan. 28 4,121 4,121 16.33 1.02 NM 41,291 15 1
54 Centrue Financial Corp. Kankakee, Ill. Illinois Community Bancorp Inc. Effingham Dec. 31 ’04 April 8 3,315 3,315 7.33 2.39 NM 36,406 19 2
55 Centennial Bancshares Inc. Little Rock Pine State Bancshares Inc. Kingsland, Ark. Nov. 11 ’04 Jan. 7 2,750 2,750 2,579.93 1.80 18.71 18,356 14 4
56 Capitol Bancorp Ltd. Lansing, Mich. Peoples State Bank Jeffersonville, Ga. Feb. 3 ’05 April 13 2,205 2,205 227.32 2.37 NM 21,287 12 1
57 Eastern Bank Corp. Boston Plymouth Bancorp Inc. Wareham, Mass. July 8 ’04 Jan. 1 NA NA NA NA NA 1,470,834 360 18
58 Sunflower Banks Inc. Salina, Kan. First Fowler Bancorp Inc. Colo. Jan. 11 ’05 April 7 NA NA NA NA NA 64,163 33 4
59 Citigroup Inc. New York Adam Corp. Group Bryan, Tex. Aug. 24 ’04 March 31 NA NA NA NA NA 3,491,720 1,259 108
60 Keystone Investment Inc. Neb. Elsie Inc. Neb. Nov. 2 ’04 Jan. 1 NA NA NA NA NA 12,059 5 1
61 American Bankshares Inc. Welch, W.Va. Steel Valley Bank Dillonvale, Ohio Sept. 8 ’04 Jan. 3 NA NA NA NA NA 55,753 30 3
62 Sidell Bancorp Inc. Ill. First National Bank in Homer Ill. June 25 ’04 Jan. 14 NA NA NA NA NA 12,122 6 1

Source: Highline Banking Data Services (877-305-6657)

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