Largest Bank and Thrift Deals Announced in 2009
February 10, 2010, 12:28 p.m. EST 1 Min Read
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Largest Bank and Thrift Deals Announced in 2009
Largest Bank and Thrift Deals Announced in 2009Ranked by value of deal at announcement. Dollars in millions | ||||||||
|---|---|---|---|---|---|---|---|---|
| Rank | Target name | Deal value | Announced | Target's total assets | Price to | |||
| book (%) | tangible book (%) | LTM Earnings (x) | ||||||
| 1 | Badger Capital LLC Ill. | Anchor BanCorp Wisconsin Inc. | $400.00 | Dec. 1 | $4,639.90 | NA | NA | NA |
| 2 | First Niagara Financial Group Inc. N.Y. | Harleysville National Corp. Pa. | 239.8 | 26-Jul | 5,646.20 | 50.59% | 114.74% | 8.43 |
| 3 | Armed Forces Bank Holding Co. Va. | 2 bank subsidiaries | 157 | 11-Mar | 885 | 141.95 | 157.51 | 15.05 |
| 4 | Union Bankshares Corp. Va. | First Market Bank FSB Va, | 105.4 | 30-Mar | 1,300.90 | 117.88 | 117.88 | NM |
| 5 | Investor group | Gibraltar Private Bank and Trust Co. Fla. | 93 | Sept. 17 | 1,522.10 | 74.16 | 85.95 | NM |
| 6 | Tower Bancorp Inc. Pa. | First Chester County Corp. Pa. | 64.8 | Dec. 27 | 1,306.70 | 81.01 | 90.16 | NM |
| 7 | Danvers Bancorp Inc. Mass. | Beverly National Corp. Mass. | 60.9 | 16-Jun | 484.7 | 144.4 | 144.4 | NM |
| 8 | FCB Florida Bancorp. Inc. | Anderen Financial Inc. Fla. | 53.9 | 6-Apr | 88.2 | 129.11 | 129.11 | NM |
| 9 | BCB Bancorp Inc. N.J. | Pamrapo Bancorp Inc. N.J. | 46.9 | 29-Jun | 592.4 | NM | NM | NM |
| 10 | Investor group | Three Shores Bancorp. Inc. Fla. | 40 | Nov. 30 | 830.1 | NA | NA | NA |
Source: SNL Financial, Charlottesville, Va.
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