Largest Branch Deals Completed in the Fourth Quarter of 2009
February 10, 2010, 12:37 p.m. EST 1 Min Read
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Largest Branch Deals Completed in the Fourth Quarter of 2009
Largest Branch Deals Completed in the Fourth Quarter of 2009Published February 11, 2010 | |||||||
|---|---|---|---|---|---|---|---|
| Rank | Seller name | Completed | Announced | Branches | Premium to deposits | ||
| Number | Deposits ($000s) | ||||||
| 1 | Investors Bancorp Inc. MHC N.J. | Popular Inc. P.R. | Oct. 16 | May 21 | 6 | $250,000 | 1.00 |
| 2 | ST Financial Group Inc. Texas | Third Coast Bank SSB Texas | Oct. 23 | June 12 | 2 | 17,000 | NA |
| 3 | Arvest Bank Group Inc. Ark. | Harrington West Financial Group Inc. Calif. | Nov. 6 | July 31 | 3 | 95,000 | 4.32 |
| 4 | Centre 1 Bancorp Inc. Wis. | AMCORE Financial Inc. Ill. | Nov. 6 | Aug. 12 | 2 | 140,000 | NA |
| 5 | First National Corp. Va. | StellarOne Corp. Va. | Nov. 6 | July 10 | 1 | 15,200 | 2.00 |
| 6 | Citizens Bancorp Investment Inc. Tenn. | BankEast Corp. Tenn. | 16-Nov | Aug. 17 | 1 | 19,000 | NA |
| 7 | City National Corp. Calif. | Westamerica Bancorp. Calif. | Nov. 16 | Aug. 26 | 1 | 40,055 | NA |
| 8 | Union Bancorp of Evansville Inc. Wis. | AMCORE Financial Inc. Ill. | Nov. 19 | Aug. 19 | 2 | 36,000 | NA |
| 9 | Hampshire First Bank N.H. | First Ipswich Bancorp Mass. | Nov. 20 | Aug. 24 | 1 | 10,500 | NA |
| 10 | Fulda Bancorp. Inc. S.D. | Farmers State Corp. Minn. | Dec. 4 | Sept. 23 | 2 | 47,464 | NA |
| 11 | Hamilton Federal Bank Md. | K Capital Corp. Md. | Dec. 4 | Aug. 31 | 1 | 60,039 | NA |
| 12 | Salisbury Bancorp Inc. Conn. | Webster Financial Corp. Conn. | Dec. 4 | Aug. 24 | 1 | 17,200 | 4.10 |
| 13 | Collins Bankcorp Inc. Wis. | WBSB Bancorp MHC Wis. | Dec. 7 | July 15 | 1 | 11,900 | NA |
| 14 | Bank of Kentucky Financial Corp. | Integra Bank Corp. Ind. | Dec. 11 | Sept. 2 | 5 | 85,000 | 6.50 |
| 15 | FNB Bancshares Inc. Mich. | River Valley Bancorp. Inc. Wis. | Dec. 11 | Oct. 15 | 1 | 25,393 | NA |
| 16 | Heritage Financial Group MHC Ga. | Atlantic Coast Federal Corp. MHC Ga. | Dec. 31 | Sept. 1 | 1 | 46,000 | 1.00 |
| 17 | Select Bancorp Inc. N.C. | Worthington Financial Holdings Inc. Ala. | Dec. 31 | Sept. 18 | 1 | 38,133 | 2.70 |
Source: SNL Financial, Charlottesville, Va.
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