Largest Branch Deals Announced in 2005
Published February 14, 2006, 10:08 a.m. EST
|
Updated January 02, 1970, 9:08 a.m. EST
1 Min Read
View Table
Printer Friendly Version
Largest Branch Deals Announced in 2005
| | |||||||
| Published February 14, 2006 | |||||||
| Rank | Buyer | Seller | Date | Branches | Premium to deposits | ||
| Announced | Completed | Number | Deposits | ||||
| 1 | BancIndependent Inc. Sheffield, Ala. | Colonial BancGroup Inc. Montgomery, Ala. | June 13 | Nov. 10 | 17 | $3,750,000 | 6.53% |
| 2 | Olney Bancshares of Texas Inc. | Gold Banc Corp. Inc. Leawood, Kan. | Jan. 12 | June 17 | 7 | 336,700 | 10.10 |
| 3 | Franklin Bank Corp. Houston | Washington Mutual Inc. Seattle | June 20 | Dec. 3 | 5 | 284,000 | 12.00 |
| 4 | Piraeus Bank Athens | Ocwen Financial Corp. West Palm Beach, Fla. | Feb. 4 | June 30 | 1 | 193,000 | NA |
| 5 | Greene County Bancshares Inc. Greeneville, Tenn. | Old National Bancorp Evansville, Ind. | July 20 | Oct. 7 | 5 | 173,000 | 8.09 |
| 6 | CBT Financial Corp. Clearfield, Pa. | First Commonwealth Financial Corp. Indiana, Pa. | Aug. 30 | Nov. 11 | 7 | 108,400 | 8.25 |
| 7 | CBS Banc-Corp. Russellville, Ala. | Colonial BancGroup Inc. Montgomery, Ala. | Jan. 31 | June 24 | 3 | 81,847 | 6.00 |
| 8 | Hardeman County Investment Co. Inc. Bolivar, Tenn. | First Horizon National Corp. Memphis | Oct. 14 | pending | 2 | 69,273 | NA |
| 9 | PSB Holdings Inc. (MHC) Putnam, Conn. | Peoples Mutual Holdings Bridgeport, Conn. | June 13 | Oct. 14 | 3 | 64,100 | 14.00 |
| 10 | Ameribancshares Inc. Wichita Falls, Tex. | Temple-Inland Inc. Diboll, Tex. | April 07 | Aug. 5 | 1 | 62,213 | NA |
| 11 | Rurban Financial Corp. Defiance, Ohio | Liberty Capital Inc. Wilmington, Ohio | March 15 | June 17 | 2 | 60,600 | 8.17 |
| 12 | CBS Banc-Corp. Russellville, Ala. | Colonial BancGroup Inc. Montgomery, Ala. | Jan. 31 | June 24 | 4 | 52,663 | 6.00 |
| 13 | Southern National Bancorp of Virginia Charlottesville | First Community Bancshares Inc. Bluefield, Va. | Aug. 19 | Dec. 2 | 1 | 45,314 | 8.00 |
| 14 | NEB Corp. Fond Du Lac, Wis. | Webster Financial Corp. Waterbury, Conn. | Feb. 8 | April 18 | 1 | 42,817 | 10.60 |
| 15 | Harrington West Financial Group Inc. Solvang, Calif. | Westcorp Irvine, Calif. | Feb. 2 | May 23 | 1 | 42,800 | 4.44 |
| 16 | SunTrust Banks Inc. Atlanta | Community Bank of South Florida Inc. Homestead | Dec. 5 | pending | 11 | 42,000 | NA |
| 17 | Savings Bank of Mendocino County Ukiah, Calif. | Westamerica Bancorp. San Rafael, Calif. | Feb. 17 | June 10 | 1 | 40,000 | NA |
| 18 | Landmark Bancorp Inc. Manhattan, Kan. | UMB Financial Corp. Kansas City, Mo. | April 21 | Aug. 19 | 2 | 38,000 | 3.68 |
| 19 | Hometown Bancshares Inc. Middlebourne, W.Va. | WesBanco Inc. Wheeling, W.Va. | Sept. 27 | pending | 4 | 37,700 | 7.43 |
| 20 | American State Bancshares Inc. Great Bend, Kan. | HNB Corp. Arkansas City, Kan. | Nov. 10 | Nov. 10 | 1 | 36,793 | NA |
| 21 | NEB Corp. Fond Du Lac, Wis. | Marshall & Ilsley Corp. Milwaukee | July 18 | Oct. 14 | 3 | 36,354 | NA |
| 22 | Great Southern Bancorp Inc. Springfield, Mo. | Peoples Service Co. Nixa, Mo. | May 05 | Aug. 5 | 3 | 35,000 | 2.86 |
| 23 | How-Win Development Co. Cresco, Iowa | R and J Financial Corp. Elma, Iowa | July 07 | Nov. 4 | 1 | 31,289 | NA |
| 24 | Provident Bancorp Inc. Montebello, N.Y. | HSBC Holdings PLC London | Jan. 25 | May 23 | 1 | 30,300 | 7.26 |
| 25 | Harbor Bankshares Corp. Baltimore | Susquehanna Bancshares Inc. Lititz, Pa. | Oct. 3 | pending | 1 | 26,219 | 6.69 |
| Totals and premium-to-deposits average for the top 25 | 88 | $5,720,382 | 7.23% | ||||
| Totals and premium-to-deposits average for all branch deals announced | 145 | $6,347,239 | 7.62% | ||||
Source: SNL Financial, Charlottesville, Va. (www.snl.com)
© 2006 American Banker