Largest Branch Deals Announced in First Half of 2007
August 14, 2007, 10:08 a.m. EDT 1 Min Read
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Largest Branch Deals Announced in First Half of 2007
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| Published August 14, 2007 | |||||||
| Date | Branches | Premium | |||||
| Buyer | Seller | Announced | Completed | Number | | ||
| 1 | East Cambridge Savings Bank Cambridge, Mass. | First Ipswich Bancorp Mass. | Jan. 10 | 30-Mar | 1 | $18,807 | 3.00% |
| 2 | Waukesha State Bank Wis. | CIB Marine Bancshares Inc. Pewaukee, Wis. | Jan. 19 | 22-May | 1 | 21,000 | NA |
| 3 | Emmetsburg Bank Shares Inc. Iowa | Meta Financial Group Inc. Storm Lake, Iowa | Jan. 31 | 13-Apr | 1 | 12,300 | 8.10% |
| 4 | Sac City Ltd. Carroll, Iowa | Meta Financial Group Inc. Storm Lake, Iowa | Jan. 31 | 18-May | 3 | 28,630 | 8.40% |
| 5 | Southern New Hampshire Bank and Trust Co. Salem | First Ipswich Bancorp Mass. | Feb. 5 | 11-May | 1 | 8,374 | NA |
| 6 | Berkshire Bancorp Inc. Wyomissing, Pa. | Fleetwood Bank Corp. Fleetwood, Pa. | Feb. 23 | 8-Jun | 2 | 7,769 | 3.00% |
| 7 | Lincoln Park Bancorp (MHC) N.J. | GSL Savings Bank Guttenberg, N.J. | 8-Mar | pending | 1 | 3,200 | NA |
| 8 | First Gilmer Bankshares Inc. Tex. | Lone Star Bancshares Inc. Tex. | 14-Mar | 18-May | 1 | 12,006 | NA |
| 9 | New York Community Bancorp Inc. Westbury | Doral Financial Corp. San Juan, Puerto Rico | 15-Mar | pending | 11 | 359,000 | 4.00% |
| 10 | 1st United Bancorp. Inc. Sidney, Mont. | Heartland Financial USA Inc. Dubuque, Iowa | 23-Mar | 22-Jun | 1 | 30,364 | 8.60% |
| 11 | ColoEast Bankshares Inc. Lamar, Colo. | Peoples Inc. Colorado Springs, Colo. | 23-Mar | 23-Mar | 2 | 61,111 | NA |
| 12 | Middlefield Banc Corp. Ohio | Maple Leaf Financial Inc. Newbury, Ohio | 23-Mar | pending | 1 | 21,200 | 10.00% |
| 13 | BV Financial Inc. (MHC) Baltimore | Greater Atlantic Financial Corp. Reston, Va. | 12-Apr | pending | 1 | 50,900 | 8.50% |
| 14 | New Peoples Bankshares Inc. Honaker, Va. | FNB Financial Services Corp. Greensboro, N.C. | 13-Apr | 29-Jun | 2 | 60,300 | 8.10% |
| 15 | Community National Bancorp. Waterloo, Iowa | Associated Banc-Corp Green Bay, Wis. | 30-Apr | pending | 3 | 25,000 | NA |
| 16 | Old Murry Bancorp Cameron, Wis. | Associated Banc-Corp Green Bay, Wis. | 2-May | pending | 2 | 14,742 | NA |
| 17 | Union Bankshares Corp. Bowling Green, Va. | Provident Bankshares Corp. Baltimore | 4-May | pending | 6 | 46,000 | NA |
| 18 | Premier Bancshares Inc. Garland, Tex. | First Banks Inc. Clayton, Mo. | 18-May | pending | 2 | 54,600 | NA |
| 19 | Indiana Bank Corp. Dana | 1st Source Corp. South Bend, Ind. | 31-May | pending | 2 | 14,000 | NA |
| 20 | Park National Corp. Newark, Ohio | Ohio Legacy Corp Wooster | 6-Jun | pending | 1 | 28,000 | NA |
| 21 | Capital Corp of the West Merced, Calif. | Zions Bancorp. Salt Lake City | 11-Jun | pending | 11 | 211,000 | 13.00% |
Source: <font size="2">SNL Financial</font>, Charlottesville, Va.
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