Largest Branch Deals Completed in the Fourth Quarter of 2010
Published February 15, 2011, 2:24 p.m. EST
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Updated February 15, 2011, 1:39 p.m. EST
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Largest Branch Deals Completed in the Fourth Quarter of 2010
Largest Branch Deals Completed in the Fourth Quarter of 2010Published February 15, 2011 | |||||||
|---|---|---|---|---|---|---|---|
| Rank | Seller name | Completed | Announced | Branches | Premium to deposits | ||
| Number | Deposits ($000s) | ||||||
| 1 | Merchants Financial Group Inc. Minn. | Central Bancshares Inc. Minn. | Oct. 8 | June 24 | 1 | $22,500 | 1.00 |
| 2 | Independent Bancshares Inc. Minn. | American BanCorp. Minn. | Oct. 15 | Dec. 5 '08 | 2 | 44,578 | NA |
| 3 | Investors Bancorp Inc. MHC N.J. | Banco Comercial Portugues SA | Oct. 15 | March 30 | 17 | 600,000 | 0.11 |
| 4 | Wintrust Financial Corp. Ill. | 1st Brookfield Inc. Ill. | Oct. 22 | Aug. 17 | 1 | 25,000 | NA |
| 5 | Arvest Bank Group Inc. Ark. | Community First Bancshares Inc. Mo. | Oct. 29 | Sep. 29 | 1 | 4,834 | NA |
| 6 | Green Bancorp Inc. Texas | IMB Management Holdings LP Calif. | Oct. 29 | July 21 | 1 | 188,372 | NA |
| 7 | Harrell Bancshares Inc. Ark. | Community First Bancshares Inc. Ark. | Nov. 5 | June 17 | 2 | 113,950 | NA |
| 8 | NEMO Bancshares Inc. Mo. | Young Corp. Mo. | Nov. 30 | May 21 | 2 | 13,059 | NA |
| 9 | Bank of Southern California | Palm Desert Investments Calif. | Dec. 3 | Aug. 17 | 2 | 52,700 | NA |
| 10 | Florida Shores Bancorp Inc. | Florida Capital Group Inc. | Dec. 3 | May 25 | 1 | 25,000 | NA |
| 11 | First Financial Corp. N.D. | Cornerstone Holding Co. Inc. N.D. | Dec. 4 | Aug. 27 | 4 | 68,055 | NA |
| 12 | Ponce De Leon Federal Bank N.Y. | Northeast Community Bancorp Inc. MHC N.Y. | Dec. 6 | June 24 | 1 | 28,600 | 6.00 |
| 13 | CSB Bancshares Inc. Kan. | Plainville Bancshares Inc. Kan. | Dec. 17 | Oct. 25 | 1 | 15,993 | NA |
| 14 | PSB Financial Shares Inc. Minn. | Minnwest Corp. Minn. | Dec. 17 | Aug. 12 | 1 | 21,431 | NA |
| 15 | Happy Bancshares Inc. Texas | South Plains Financial Inc. Texas | Dec. 31 | Nov. 4 | 4 | 90,000 | NA |
| 16 | Ovation Holdings Inc. | Encore Bancshares Inc. Texas | Dec. 31 | March 15 | 4 | 187,400 | 1.40 |
Source: SNL Financial, Charlottesville, Va.
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