Largest Bank and Thrift Deals Announced in 2010
February 15, 2011, 3:29 a.m. EST 1 Min Read
View Table
Printer Friendly Version
Largest Bank and Thrift Deals Announced in 2010
Largest Bank and Thrift Deals Announced in 2010Ranked 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 | BMO Financial Group | Marshall & Ilsley Corp. Wis. | $4,096.0 | Dec. 17 | $51,886.8 | 82.55 | 97.63 | NM |
| 2 | First Niagara Financial Group Inc. N.Y. | NewAlliance Bancshares Inc. Conn. | 1,498.0 | Aug. 18 | 8,712.1 | 102.30 | 165.31 | 24.57 |
| 3 | Hancock Holding Co. Miss. | Whitney Holding Corp. La. | 1,468.4 | Dec. 21 | 11,517.2 | 109.39 | 163.73 | NM |
| 4 | M&T Bank Corp. N.Y. | Wilmington Trust Corp. Del. | 351.3 | Oct. 31 | 10,401.3 | 47.23 | NA | NM |
| 5 | Nara Bancorp Inc. Calif. | Center Financial Corp. Calif. | 286.3 | Dec. 9 | 2,267.4 | NM | NM | NM |
| 6 | Toronto-Dominion Bank | South Financial Group Inc. S.C. | 191.6 | May 16 | 12,428.2 | 10.37 | 17.07 | NM |
| 7 | United Bankshares Inc. W.Va. | Centra Financial Holdings Inc. W.Va. | 185.4 | Dec. 15 | 1,410.8 | 130.06 | 146.30 | 22.18 |
| 8 | Eastern Bank Corp. Mass. | Wainwright Bank & Trust Co. Mass. | 162.8 | June 28 | 1,047.6 | 198.33 | 200.21 | 26.03 |
| 9 | Berkshire Hills Bancorp Inc. Mass. | Legacy Bancorp Inc. Mass. | 112.8 | Dec. 21 | 972.0 | 96.34 | 110.70 | NM |
| 10 | Community Bank System Inc. N.Y. | Wilber Corp. N.Y. | 101.8 | Oct. 22 | 929.3 | 132.13 | 140.53 | 13.38 |
Source: SNL Financial, Charlottesville, Va.
© 2011 American Banker