Largest Branch Deals Announced in the First Half of 2008
August 19, 2008, 10:08 a.m. EDT 1 Min Read
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Largest Branch Deals Announced in the First Half of 2008
Largest Branch Deals Announced in the First Half of 2008Ranked by deposits sold | |||||||
---|---|---|---|---|---|---|---|
Rank | Buyer | Seller | Date | Branches | |||
Announced | | Number | Deposits | | |||
1 | Community Bank System Inc. De Witt, N.Y. | Royal Bank of Scotland Group Plc Edinburgh | June 24 | pending | 18 | $630,000 | 12.00 |
2 | Happy Bancshares Inc. Canyon, Tex. | Citigroup Inc. New York | March 5 | pending | 8 | 240,000 | NA |
3 | Community Bancorp Inc. Chanute, Kan. | Commerce Bancshares Inc. Kansas City | Jan. 11 | May 12 | 2 | 84,900 | 8.60 |
4 | First NBC Bank Holding Co. New Orleans | Algiers Bancorp Inc. Convent, La. | Feb. 15 | May 31 | 1 | 60,034 | NA |
5 | Coastal Bankshares Inc. Savannah, Ga. | Citizens Financial Services Inc. Greensboro, Ga. | Jan. 17 | May 20 | 2 | 52,474 | NA |
6 | Kimberly Leasing Corp. Augusta, Wis. | National Bancshares Inc. Bettendorf, Iowa | Jan. 8 | pending | 1 | 47,887 | 3.00 |
7 | First Franklin Corp. Cincinnati | WesBanco Inc. Wheeling, W.Va. | Jan. 18 | Terminated | 3 | 44,550 | 7.13 |
8 | Liberty Shares Inc. Hinesville, Ga. | Satilla Bankcorp Inc. St. Marys, Ga. | March 10 | June 12 | 1 | 43,451 | 3.45 |
9 | First State Bancorp Inc. Winchester, Ohio | WesBanco Inc. Wheeling, W.Va. | Jan. 17 | April 11 | 3 | 41,800 | 8.05 |
10 | West Alabama Capital Corp. Reform | BancTrust Financial Group Inc. Mobile, Ala. | Jan. 8 | pending | 3 | 40,397 | 5.69 |
11 | Central Community Corp. Temple, Tex. | Vintage Shares Inc. Waxahachie, Tex. | April 25 | pending | 1 | 27,476 | NA |
12 | Community Bancshares Inc. McArthur, Ohio | WesBanco Inc. Wheeling, W.Va. | Jan. 17 | April 11 | 2 | 26,669 | 4.87 |
13 | Citizens Community Bancorp Inc. Eau Claire, Wis. | Ambanc Financial Services Inc. Beaver Dam, Wis. | April 9 | pending | 3 | 25,520 | NA |
14 | South Financial Group Inc. Greenville, S.C. | BankAtlantic Bancorp Inc. Fort Lauderdale, Fla. | March 11 | June 6 | 5 | 25,000 | 5.00 |
15 | Pinnacle Financial Corp. Elberton, Ga. | Synovus Financial Corp. Columbus, Ga. | April 28 | pending | 1 | 22,783 | NA |
16 | Flint Hills Bank of Eskridge Kan. | Blue Lion Bancshares Inc. Prairie Village, Kan. | Jan. 25 | pending | 1 | 20,000 | 4.00 |
17 | First Grayson Bancorp Inc. Ky. | Peoples Bancorp Inc. Marietta, Ohio | May 28 | pending | 1 | 14,900 | 1.85 |
18 | NewBridge Bancorp Greensboro, N.C. | Capital Bank Corp. Raleigh | May 22 | pending | 1 | 12,528 | NA |
19 | South Banking Co. Alma, Ga. | Atlantic Coast Federal Corp. Waycross, Ga. | April 21 | pending | 1 | 11,000 | NA |
20 | Middlefield Banc Corp. Ohio | Commercial Bancshares Inc. Upper Sandusky, Ohio | May 12 | pending | 1 | 6,500 | 6.00 |
21 | Garfield Acquisition Corp. Cincinnati | Bramble Savings Bank Milford, Ohio | Feb. 14 | pending | 1 | 6,260 | 4.25 |
22 | Harvest Bancorp Inc. Rockville, Md. | Graystone Financial Corp Lancaster, Pa. | June 9 | pending | 1 | NA | NA |
Totals: | 61 | $1,484,129 | 5.68 |
Source: SNL Financial, Charlottesville, Va.
© 2008 American Banker