Largest Branch Deals Announced in 2004
February 15, 2005, 10:08 a.m. EST 1 Min Read
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Largest Branch Deals Announced in 2004
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| Published February 15, 2005 | ||||||||
| Buyer | Seller | Date | Branches | Premium to deposits | Branch location | |||
| Announced | Completed | Number | Deposits | |||||
| 1 | R&G Financial Corp. San Juan, Puerto Rico | SouthTrust Corp. Birmingham, Ala. | Oct. 12 | pending | 18 | $600,000 | 20.50% | Ga, Fla. |
| 2 | KeyCorp Cleveland | Sterling Bancorp Inc. Southfield, Mich. | April 22 | July 23 | 10 | 380,000 | NA | Mich. |
| 3 | Temple-Inland Inc. Austin | United PanAm Financial Corp. Newport Beach, Calif. | July 07 | Sept. 24 | 2 | 370,000 | NA | Calif. |
| 4 | River Valley Bancorp. Merrill, Wis. | National City Corp. Cleveland | June 25 | Oct. 5 | 7 | 189,778 | 7.38 | Mich. |
| 5 | Wells Fargo & Co. San Francisco | PlainsCapital Corp. Dallas | Dec. 16 | pending | 4 | 170,000 | NA | Tex. |
| 6 | Gateway Financial Holdings Inc. Elizabeth City, N.C. | Provident Bankshares Corp. Baltimore | May 13 | Oct. 18 | 3 | 140,142 | 5.34 | NC, Va |
| 7 | Texas United Bancshares Inc. La Grange | Central Bancshares Inc. Houston | May 03 | Aug. 9 | 2 | 102,400 | 8.00 | Tex. |
| 8 | Access Anytime BanCorp Inc. Albuquerque | Matrix Bancorp Inc. Denver | July 07 | Nov. 1 | 1 | 100,000 | NA | Ariz. |
| 9 | First Bankers Trustshares Inc. Quincy, Ill. | UnionBancorp Inc. Ottawa, Ill. | May 24 | Sept. 10 | 5 | 90,000 | 5.44 | Ill. |
| 10 | Timberland Bancorp Inc. Hoquiam, Wash. | Venture Financial Group Inc. Lacey, Wash. | June 24 | Oct. 12 | 7 | 88,400 | 9.00 | Wash. |
| 11 | Southern Development Bancorp Arkadelphia, Ark. | State Capital Corp. Greenwood, Miss. | April 20 | July 09 | 5 | 80,000 | 7.05 | Miss. |
| 12 | Access Anytime BanCorp Inc. Albuquerque, N.M. | Matrix Bancorp Inc. Denver | Jan. 30 | May 01 | 2 | 78,500 | 6.50 | N.M. |
| 13 | Fairfield Bancshares Inc. Fairfield, Ill. | Integra Bank Corp. Evansville, Ind. | Dec. 20 | pending | 3 | 74,000 | NA | Ill. |
| 14 | Greene County Bancshares Inc. Greeneville, Tenn. | SunTrust Banks Inc. Atlanta | Sept. 20 | Dec. 10 | 3 | 69,000 | NA | Tenn. |
| 15 | Arrow Financial Corp. Glens Falls, N.Y. | HSBC USA Inc. Buffalo | Dec. 16 | pending | 3 | 66,100 | 9.50 | N.Y. |
| 16 | Equity Bancshares Inc. Andover, Kan. | Hillcrest Bancshares Inc. Overland Park, Kan. | Oct. 15 | pending | 2 | 64,415 | NA | Kan. |
| 17 | Adirondack Bancorp Saranac Lake, N.Y. | HSBC USA Inc. Buffalo | Nov. 1 | pending | 2 | 64,000 | 7.25 | N.Y. |
| 18 | Peoples Bancorp Inc. Marietta, Ohio | Camco Financial Corp. Cambridge, Ohio | Sept. 10 | Dec. 3 | 2 | 63,400 | 10.21 | Ky. |
| 19 | Western Oklahoma Bancshares Elk City | Gold Banc Corp. Inc. Leawood, Kan. | Feb. 17 | May 08 | 3 | 63,000 | 5.75 | Okla. |
| 20 | K-Fed Bancorp Covina, Calif. | United PanAm Financial Corp. Newport Beach, Calif. | July 07 | Sept. 24 | 1 | 61,177 | NA | Calif. |
| 21 | CNB Bancorp Inc. Gloversville, N.Y. | HSBC USA Inc. Buffalo, N.Y. | April 20 | July 30 | 2 | 41,700 | NA | N.Y. |
| 22 | First Staunton Bancshares Inc. Ill. | Country Bancorp Inc. Hillsboro, Ill. | Oct. 28 | pending | 3 | 40,916 | NA | Ill. |
| 23 | Community Bank System Inc. De Witt, N.Y. | HSBC USA Inc. Buffalo | Aug. 4 | Dec. 3 | 1 | 39,187 | NA | N.Y. |
| 24 | Lincoln Bancorp Reinbeck, Iowa | Tama Bancshares Inc. Marshalltown, Iowa | March 25 | July 09 | 1 | 39,163 | 8.00 | Iowa |
| 25 | Central of Kansas Inc. Junction City | Unison Bancorp Inc. Lenexa, Kan. | Oct. 26 | pending | 1 | 37,416 | NA | Kan. |
| 26 | Wilber Corp. Oneonta, N.Y. | HSBC USA Inc. Buffalo | Sept. 30 | pending | 2 | 36,477 | NA | N.Y. |
| 27 | Stockmens Bancorp Kingman, Ariz. | First National Bank Holding Co. Scottsdale, Ariz. | May 07 | June 04 | 2 | 36,420 | NA | Ariz. |
| 28 | Dyer F&M Bancshares Inc. Dyer, Tenn. | Civitas BankGroup Inc. Franklin, Tenn. | July 29 | Dec. 3 | 3 | 36,206 | 3.50 | Tenn. |
| 29 | First National Bank Group Edinburg, Tex. | First Commercial Financial Corp. Seguin, Tex. | Jan. 7 | Feb. 17 | 1 | 35,109 | NA | Tex. |
| 30 | Citizens Bank Group Inc. Minneapolis | Crosstown Holding Co. Blaine, Minn. | June 07 | Aug. 19 | 1 | 35,000 | 9.57 | Minn. |
| 31 | Ogle County Bancshares Inc. Rochelle, Ill. | Blackhawk Bancorp Inc. Beloit, Wis. | June 23 | Oct. 8 | 2 | 33,574 | 6.77 | Ill. |
| 32 | Flathead Holding Co. of Bigfork Mont. | First Interstate BancSystem Inc. Billings, Mont. | March 30 | July 10 | 1 | 32,700 | NA | Mont. |
| 33 | Whitney Holding Corp. New Orleans | First Northwest Florida HC Panama City | April 14 | June 18 | 2 | 30,000 | 6.67 | Ill. |
| 34 | NC Bancorp Inc. Wilmette, Ill. | Howard Savings Bank Glenview, Ill. | June 23 | Sept. 30 | 1 | 30,000 | 3.33 | Fla. |
| 35 | Southern BancsharesMount Olive, N.C. | Capital Bank Corp. Raleigh | Feb. 17 | Sept. 10 | 2 | 28,500 | 7.28 | N.C. |
| 36 | Vogel Bancshares Inc. Orange City, Iowa | First Federal Bankshares Sioux City, Iowa | June 09 | Sept. 20 | 2 | 27,900 | 8.40 | Iowa |
| 37 | Windsor Federal MHC Conn. | Urban Financial Group Inc. Bridgeport, Conn. | Aug. 16 | Sept. 24 | 1 | 26,705 | NA | Conn. |
| 38 | First Bankshares of the South East Alma, Ga. | Folkston Investors LLC Savannah, Ga. | Aug. 2 | Oct. 30 | 1 | 25,082 | NA | Ga. |
| 39 | Metropolitan Bank Group Inc. Chicago | Taylor Capital Group Inc. Wheeling, Ill. | Nov. 1 | pending | 1 | 24,905 | NA | Ill. |
| 40 | Rising Sun Bancorp Rising Sun, Md. | Susquehanna Bancshares Inc. Lititz, Pa. | July 27 | pending | 1 | 22,200 | NA | Md. |
| 41 | Citizens Financial Services Inc. Mansfield, Pa. | Legacy Bank Harrisburg, Pa. | Feb. 26 | June 04 | 2 | 21,000 | 10.48 | Pa. |
| 42 | National Bankshares Inc. Blacksburg, Va. | Virginia Financial Group Inc. Culpeper | Nov. 9 | pending | 2 | 21,000 | NA | Va. |
| 43 | First Citizens BancShares Inc. Raleigh | Greater Atlantic Financial Corp. Reston, Va. | July 15 | pending | 1 | 21,000 | NA | Va. |
| 44 | Chester Valley Bancorp Inc. Downingtown, Pa. | PNC Financial Services Group Pittsburgh | Jan. 21 | March 27 | 1 | 19,500 | 7.69 | Pa. |
| 45 | Ohio State Bancshares Inc. Marion | First Citizens Banc Corp. Sandusky, Ohio | Oct. 27 | pending | 2 | 19,000 | 4.46 | Ohio |
| 46 | First Morris Bank and Trust Morristown, N.J. | Gibraltar Savings Bank FSB Newark, N.J. | March 25 | Aug. 20 | 1 | 17,969 | NA | N.J. |
| 47 | WashingtonFirst Bank D.C. | Greater Atlantic Financial Corp. Reston, Va. | July 15 | Nov. 22 | 1 | 17,891 | NA | D.C. |
| 48 | Sulphur Springs Bancshares Tex. | Franklin National Bankshares Mount Vernon, Tex. | Feb. 2 | April 09 | 4 | 17,505 | NA | Tex. |
| 49 | C.C.Bancorp Inc. Little Valley, N.Y. | HSBC USA Inc. Buffalo | Aug. 3 | Dec. 10 | 2 | 17,500 | NA | N.Y. |
| 50 | Community National Bank Monett, Mo. | Commerce Bancshares Inc. Kansas City, Mo. | Feb. 1 | April 12 | 1 | 17,403 | NA | Mo. |
| Totals and averages for the top 50 | 133 | $3,763,240 | 7.74% | |||||
| Totals and averages for all branch deals announced | 205 | $4,400,839 | 7.40% | |||||
Source: Highline Banking Data Services (877-305-6657)
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