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Largest Branch Deals Announced in 2006

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Largest Branch Deals Announced in 2006

Largest Branch Deals Announced in 2006
Ranked by deposits sold
Published February 13, 2007
      Date Branches Premium to deposits
  Buyer Seller Announced Completed Number Deposits (in 000s)
1 Royal Bank of Canada Toronto Regions Financial Corp. Birmingham, Ala. Nov. 1 pending 39 $2,000,000 NA
2 M&T Bank Corp. Buffalo Citigroup Inc. New York Apr. 25 30-Jun 21 1,000,000 16.3
3 First South Bancorp Inc. Lexington, Tenn. Regions Financial Corp. Birmingham, Ala. Nov. 1 pending 7 420,012 NA
4 E-Trade Financial Corp. New York First Republic Bank San Francisco 2-Mar pending NA 388,000 2.8
5 CBS Banc-Corp. Russellville, Ala. Regions Financial Corp. Birmingham, Ala. Nov. 1 pending 6 300,174 NA
6 Independent Bank Corp. Ionia, Mich. TCF Financial Corp. Wayzata, Minn. Nov. 6 pending 10 235,000 11.5
7 First Place Financial Corp. Warren, Ohio Citizens Republic Bancorp Flint, Mich. Dec. 17 pending 7 210,000 5
8 First Banks Inc. Clayton, Mo. Beverly Hills Bancorp Inc. Calabasas, Calif. Aug. 7 Nov. 3 1 154,400 5.5
9 Commerce Bancshares Inc. Franklin, Tenn. Regions Financial Corp. Birmingham, Ala. 1-Jun Sept. 29 6 150,000 NA
10 Ameri-National Corp. Overland Park, Kan. Bridgeview Bancorp Inc. Chicago 13-Apr Sept. 18 2 132,441 NA
11 First Farmers Financial Corp. Converse, Ind. Fifth Third Bancorp Cincinnati 31-May Sept. 23 3 87,008 6.21
12 First National Community Bancorp Inc. Dunmore, Pa. Harleysville National Corp. Pa. 26-Jul Nov. 10 1 74,155 12.41
13 HopFed Bancorp Inc. Hopkinsville, Ky. AmSouth Bancorp. Birmingham, Ala. 24-Apr 29-Jun 4 65,410 10
14 Hamilton State Bancshares Inc. Braselton, Ga. NBank Corp. Commerce, Ga. Aug. 4 Oct. 20 3 59,972 NA
15 Guaranty Capital Corp. Belzoni, Miss. State Capital Corp. Greenwood, Miss. Feb. 9 23-Jun 4 59,954 10
16 First American Bancshares Inc. Luka, Miss. AmSouth Bancorp. Birmingham, Ala. 9-Mar 30-Mar 4 58,705 6.13
17 First National Bank Group Inc. Edinburg, Tex. Texas Regional Bancshares Inc. McAllen Oct. 10 pending 1 56,693 13.23
18 Overton Financial Corp. Tex. Heritage Bancshares Inc. Dallas 21-Mar 21-Mar 1 54,163 NA
19 Redwood Financial Inc. Redwood Falls, Minn. Community Bank Group Inc. Eden Prairie, Minn. 8-May Oct. 16 4 52,409 NA
20 First Banks Inc. Clayton, Mo. Midamerica National Bancshares Inc. Canton, Ill. 10-Jul Nov. 10 3 52,400 NA
21 MainSource Financial Group Inc. Greensburg, Ind. First Financial Bancorp. Hamilton, Ohio 24-Apr Aug. 18 5 51,000 8.82
22 Liberty Bancshares Inc. Alton, Ill. Grant Park Bancshares Inc. Ill. 22-May Oct. 6 2 50,191 NA
23 Chemical Financial Corp. Midland, Mich. First Financial Bancorp. Hamilton, Ohio 12-May Aug. 18 2 47,000 22.34
24 Commerce Bancshares Inc. Franklin, Tenn. AmSouth Bancorp. Birmingham, Ala. 15-Jun 15-Jun 1 44,827 7.36
25 Franklin Bank Corp. Houston EJ Financial Corp. Dallas Aug. 22 Dec. 12 2 42,700 8.5
  Totals and premiums-to-deposits average for the top 25 139 $5,846,614 9.74
  Totals and premiums-to-deposits average for all branch deals 233 $6,989,109 7.3

Source:

<font size="2">SNL Financial</font>
, Charlottesville, Va.

© 2007 American Banker
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