Line-of-Business Deals Announced in First Half of 2005
August 16, 2005, 10:08 a.m. EDT 1 Min Read
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Line-of-Business Deals Announced in First Half of 2005
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| Published August 16, 2005 | ||||||
| Buyer | Seller | Announced | Completed | Price | Assets involved | |
| Credit Card Portfolio | ||||||
| 1 | HSBC USA Inc. Buffalo | Neiman Marcus Group Inc. Dallas | Jun 08 | pending | $640,000 | pending |
| 2 | Citigroup Inc. New York | Federated Department Stores Inc. Cincinnati | Jun 02 | pending | 506,000 | $4,400,000 |
| 3 | HSBC USA Inc. Buffalo | Bon-Ton Stores Inc. York, Pa. | Jun 21 | Jul 08 | 331,800 | 316,000 |
| 4 | Spirit of America National Bank Milford, Ohio | Citigroup Inc. New York | Mar 18 | Mar 18 | 57,000 | pending |
| 5 | Undisclosed acquirer | Providian Financial Corp. San Francisco | Feb. 15 | pending | pending | 447,000 |
| 6 | Merrick Bank South Jordan, Utah | JPMorgan Chase & Co. New York | Feb. 7 | pending | pending | 11,100 |
| 7 | U.S. Bancorp Minneapolis | Multi Service Corp. Overland Park, Kan. | Mar 01 | Mar 01 | pending | pending |
| Insurance | ||||||
| 1 | MetLife Inc. New York | Citigroup Inc. New York | Jan. 31 | Jul 01 | 11,800,000 | 96,000,000 |
| 2 | Capital One Financial Corp. McLean, Va. | InsLogic Corp. Oak Ridge, Tenn. | Jan. 16 | Jan. 16 | 35,000 | pending |
| 3 | KNBT Bancorp Inc. Bethlehem, Pa. | Caruso Benefits Group Inc. Bethlehem, Pa. | Feb. 28 | Apr 01 | 28,000 | pending |
| 4 | Old National Bancorp Evansville, Ind. | J.W.F. Insurance Cos. Inc. Indianapolis | Apr 01 | May 01 | 18,310 | pending |
| 5 | International Insurance Brokers Ltd. Tulsa | Team Financial Inc. Paola, Kan. | Feb. 7 | Feb. 25 | 7,000 | pending |
| 6 | Anderson Group Owensboro, Ky. | MainSource Financial Group Inc. Greensburg, Ind. | Mar 24 | Mar 24 | pending | pending |
| 7 | BancorpSouth Inc. Tupelo, Miss. | Kyzar and Co., P.A. Hattiesburg, Miss. | Apr 01 | Apr 01 | pending | pending |
| 8 | Beneficial Mutual Bancorp Philadelphia | Paul Hertel and Co. Philadelphia | Jan. 21 | Jan. 21 | pending | pending |
| 9 | Centennial Insurance Pueblo, Colo. | Peoples Inc. Colorado Springs, Colo. | Jun 01 | Jun 01 | pending | pending |
| 10 | Compass Bancshares Inc. Birmingham, Ala. | Warren Benefits Group LP Houston | Jan. 13 | Jan. 13 | pending | pending |
| 11 | Encore Bancshares Inc. Houston | John A. Bumstead and Associates Inc. Houston | Jan. 6 | Jan. 6 | pending | pending |
| 12 | Farmers Capital Bank Corp. Frankfort, Ky. | Kentucky Home Life Insurance Co. Louisville | Jan. 1 | Jan. 1 | pending | pending |
| 13 | First Horizon National Corp. Memphis | MSAver Resources LLC Overland Park, Kan. | Apr 04 | Apr 04 | pending | pending |
| 14 | First Niagara Financial Group Inc. Lockport, N.Y. | L.A. Lama Insurance Agency Ithaca, N.Y. | Feb. 1 | Feb. 1 | pending | pending |
| 15 | First Niagara Financial Group Inc. Lockport, N.Y. | Brooks-Byer Associates Inc. Delmar, N.Y. | Apr 01 | Apr 01 | pending | pending |
| 16 | Greater Bay Bancorp Palo Alto, Calif. | Lucini/Parish Insurance Inc. Reno | Apr 21 | May 02 | pending | pending |
| 17 | Hancock Holding Co. Gulfport, Miss. | J. Everett Eaves Inc. New Orleans | Jun 13 | Jul 01 | pending | pending |
| 18 | LandAmerica Financial Group Inc. Richmond | Century Title Services Fort Wayne, Ind. | Apr 05 | Apr 05 | pending | pending |
| 19 | National Penn Bancshares Inc. Boyertown, Pa. | Krombolz Agency Inc. West Chester, Pa. | Jan. 3 | Jan. 3 | pending | pending |
| 20 | S&T Bancorp Inc. Indiana, Pa. | Bennett Associates Inc. Ebensburg, Pa. | Jan. 3 | Jan. 3 | pending | pending |
| 21 | South Financial Group Inc. Greenville, S.C. | Bowditch Insurance Corp. Jacksonville, Fla. | Jun 06 | Jun 06 | pending | pending |
| 22 | Temple-Inland Inc. Austin | Walter Mortensen Insurance Bakersfield, Calif. | Feb. 22 | Feb. 22 | pending | pending |
| 23 | The Century Group Overland Park, Kan. | Peoples Inc. Colorado Springs, Colo. | Jun 01 | Jun 01 | pending | pending |
| 24 | Wachovia Corp. Charlotte | Palmer and Cay Savanah, Ga. | Apr 05 | May 06 | pending | pending |
| 25 | Bridge Street Financial Inc. Oswego, N.Y. | Ladds Insurance Agency Inc. North Syracuse, N.Y. | Mar 01 | pending | pending | pending |
| 26 | Commerce Bancorp Inc. Cherry Hill, N.J. | BK International Insurance Brokers Ltd. Greenwich, Conn. | Jun 28 | pending | pending | pending |
| 27 | First Niagara Financial Group Inc. Lockport, N.Y. | Hatch Leonard Naples Inc. Rochester, N.Y. | Jun 28 | pending | pending | pending |
| 28 | Wilmington Trust Corp. Del. | Charleston Captive Management Co. S.C. | Jun 16 | pending | pending | pending |
| Investment Advisory/Management Services | ||||||
| 1 | Legg Mason Inc. Baltimore | Citigroup Inc. New York | Jun 24 | pending | 3,700,000 | pending |
| 2 | Bank Leumi le-Israel B.M. Tel-Aviv | Riggs National Corp. Washington | Jan. 30 | pending | 37,000 | pending |
| 3 | Cardinal Financial Corp. McLean, Va. | Wilson/Bennett Capital Management Inc. Alexandria, Va. | May 05 | Jun 09 | 6,600 | pending |
| 4 | BNP Paribas Paris | FundQuest Inc. Boston | Jun 28 | pending | pending | 10,000,000 |
| 5 | BB&T Corp. Winston-Salem, N.C. | Sterling Capital Management LLC Charlotte | Feb. 16 | pending | pending | 5,600,000 |
| 6 | Pioneer Investment Management Inc. Braintree, Mass. | AmSouth Bancorp. Birmingham, Ala. | Jun 27 | pending | pending | 5,500,000 |
| 7 | JPMorgan Chase & Co. New York | Pacholder Associates Inc. Cincinnati | Feb. 8 | pending | pending | 2,500,000 |
| 8 | NBT Bancorp Inc. Norwich, N.Y. | Epic Advisors Inc. Rochester, N.Y. | Jan. 21 | Jan. 21 | pending | 1,500,000 |
| 9 | Encore Bancshares Inc. Houston | Linscomb and Williams Houston | May 02 | pending | pending | 1,200,000 |
| 10 | HSBC USA Inc. Buffalo | Atlantic Advisors LLC Greenwich, Conn. | May 13 | pending | pending | 700,000 |
| 11 | Compass Bancshares Inc. Birmingham, Ala. | Starvis, Margolis Advisory Services Inc. Houston | Jan. 11 | Jan. 11 | pending | 500,000 |
| 12 | Federated Investors Inc. Pittsburgh | Amcore Financial Inc. Rockford, Ill. | Jun 28 | pending | pending | 163,800 |
| 13 | Advanced Equities Financial Corp. Chicago | Wells Fargo & Co. San Francisco | Jan. 6 | Feb. 1 | pending | pending |
| 14 | Susquehanna Bancshares Inc. Lititz, Pa. | Brandywine Benefits Corp. Wilmington, Del. | Feb. 2 | Feb. 2 | pending | pending |
| 15 | Webster Financial Corp. Waterbury, Conn. | PNC Financial Services Group Pittsburgh | May 18 | Jun 29 | pending | pending |
| 16 | Bank Hapoalim B.M. Tel Aviv | Bank of New York Co. Inc. New York | Mar 29 | pending | pending | pending |
| 17 | First Pioneer Holding Inc. Denver | Sterling Partners Denver | Feb. 16 | pending | pending | pending |
| Loan Portfolio | ||||||
| 1 | Capital One Financial Corp. McLean, Va. | KeyCorp Cleveland | Mar 07 | pending | 680,873 | 680,873 |
| 2 | 21st Mortgage Corp. Knoxville, Tenn. | Citigroup Inc. New York | Mar 21 | pending | pending | 1,400,000 |
| 3 | Bank of America Corp. Charlotte | KeyCorp Cleveland | Mar 28 | pending | pending | 990,000 |
| 4 | Undisclosed acquirers | Financial Institutions Inc. Warsaw, N.Y. | May 16 | pending | pending | 118,000 |
| 5 | Marquette Financial Cos. Minneapolis | Capital Factors Inc. Boca Raton, Fla. | Feb. 9 | Feb. 9 | pending | 87,500 |
| 6 | Undisclosed acquirer | WesBanco Inc. Wheeling, W.Va. | Jun 29 | Jun 29 | pending | 67,800 |
| 7 | Epic Bancorp San Rafael, Calif. | Vineyard National Bancorp Rancho Cucamonga, Calif. | Jan. 3 | Jan. 5 | pending | 33,800 |
| 8 | Discovery Bank San Marcos, Calif. | Celtic Capital Corp. Santa Monica, Calif. | Jan. 27 | pending | pending | 23,000 |
| Mortgage Banking | ||||||
| 1 | Commercial Capital Bancorp Inc. Irvine, Calif. | Timcor Exchange Corp. Culver City, Calif. | Feb. 7 | Feb. 17 | 28,844 | pending |
| 2 | NetBank Inc. Alpharetta, Ga. | Major Mortgage Co. Cheyenne, Wyo. | Jun 01 | pending | 2,100 | pending |
| 3 | Community Bancshares Inc. Blountsville, Ala. | American Family Mortgage LLC Hartselle, Ala. | Apr 25 | Apr 25 | 1,000 | pending |
| 4 | Aliant Financial Corp. Alexander City, Ala. | Southern Capital Resources Birmingham, Ala. | Mar 11 | Mar 11 | pending | pending |
| 5 | Commercial Capital Bancorp Inc. Irvine, Calif. | North American Exchange Co. Walnut Creek, Calif. | May 25 | May 25 | pending | pending |
| 6 | MBNA Corp. Wilmington, Del. | Nexstar Financial Corp. Saint Charles, Mo. | Apr 13 | May 03 | pending | pending |
| 7 | American Home Mortgage Investment Corp. Melville, N.Y. | Irwin Financial Corp. Columbus, Ind. | Mar 14 | pending | pending | pending |
| 8 | Central Pacific Financial Corp. Honolulu | Hawaii HomeLoans Inc. Honolulu | Jun 17 | pending | pending | pending |
| 9 | Countrywide Financial Corp. Calabasas, Calif. | KB Home Los Angeles | Jun 30 | pending | pending | pending |
| 10 | KeyCorp Cleveland | Malone Mortgage Co. Dallas | May 27 | pending | pending | pending |
| 11 | M&T Bank Corp. Buffalo | Regions Financial Corp. Birmingham, Ala. | Mar 04 | pending | pending | pending |
| 12 | New Century Financial Corp. Irvine, Calif. | Royal Bank of Canada Toronto | May 27 | pending | pending | pending |
| 13 | Pinnacle Financial Corp. Elberton, Ga. | Irwin Financial Corp. Columbus, Ind. | Mar 14 | pending | pending | pending |
| 14 | SCBT Financial Corp. Columbia, S.C. | Devine Mortgage LLC Columbia, S.C. | Apr 29 | pending | pending | pending |
| Other | ||||||
| 1 | Reckson Associate Realty Corp. Melville, N.Y. | Citigroup Inc. New York | May 04 | pending | $470,000 | pending |
| 2 | Affiliated Computer Services Inc. Dallas | Mellon Financial Corp. Pittsburgh | Mar 16 | May 26 | 405,000 | pending |
| 3 | Bank of New York Co. Inc. | Lynch, Jones and Ryan New York | Apr 22 | Jul 05 | 159,000 | pending |
| 4 | Marshall & Ilsley Corp. Milwaukee | Med-i-Bank Inc. Waltham, Mass. | May 10 | pending | 145,000 | pending |
| 5 | JPMorgan Chase & Co. New York | Vastera Inc. Dulles, Va. | Jan. 7 | Apr 01 | 126,780 | pending |
| 6 | Marshall & Ilsley Corp. Milwaukee | GHR Systems Inc. Wayne, Pa. | Jun 27 | pending | 65,000 | pending |
| 7 | American Financial Realty Trust Jenkintown, Pa. | Citizens Financial Group Inc. Providence, R.I. | Jun 10 | Jun 10 | 27,000 | pending |
| 8 | Marshall & Ilsley Corp. Milwaukee | TREEV LLC Herndon, Va. | Jun 24 | pending | 19,500 | pending |
| 9 | Citigroup Inc. New York | Insular Life Assurance Co. Ltd. Makati City | Mar 16 | pending | 18,500 | pending |
| 10 | Gold Banc Corp. Inc. Leawood, Kan. | Undisclosed seller | Jun 30 | Jul 08 | 12,360 | pending |
| 11 | PFF Bancorp Inc. Pomona, Calif. | Undisclosed seller Calif. | Apr 08 | pending | 10,000 | pending |
| 12 | Open Solutions Inc. Glastonbury, Conn. | Southwest Community Bancorp Inc. Carlsbad, Calif. | Jun 07 | pending | 9,000 | pending |
| 13 | Undisclosed acquirer | Southern Missouri Bancorp Inc. Poplar Bluff | May 31 | May 31 | 3,500 | pending |
| 14 | Valley Bancorp Las Vegas | Undisclosed seller Nev. | Jan. 20 | Jan. 20 | 1,800 | pending |
| 15 | Papermill Brandywine Co. LLC Pa. | DNB Financial Corp. Downingtown, Pa. | Jun 01 | pending | 1,700 | pending |
| 16 | First Horizon National Corp. Memphis | Synovus Financial Corp. Columbus, Ga. | May 12 | pending | 1,000 | pending |
| 17 | Citizens Financial Services Inc. Mansfield, Pa. | Multiple Sellers Pa. | May 13 | May 16 | 746 | pending |
| 18 | Third Century Bancorp Franklin, Ind. | South Grove Landing LLC Bargersville, Ind. | Jan. 28 | pending | 650 | pending |
| 19 | Bank of New York Co. Inc. | Continental Fund Services Luxembourg | Jan. 25 | Jan. 25 | pending | pending |
| 20 | Investor group Pa. | Citizens Financial Services Inc. Mansfield, Pa. | Mar 21 | Mar 21 | pending | pending |
| 21 | KeyCorp Cleveland | Payroll Online Bellevue, Wash. | Apr 07 | Apr 07 | pending | pending |
| 22 | Synovus Financial Corp Columbus, Ga. | Vital Processing Services Tempe, Ariz. | Jan. 18 | Mar 02 | pending | pending |
| 23 | U.S. Bancorp Minneapolis | Wachovia Corp. Charlotte | Feb. 16 | Feb. 16 | pending | pending |
| 24 | U.S. Bancorp Minneapolis | Genpass Inc. Irving, Tex. | May 10 | May 10 | pending | pending |
| 25 | Washington Mutual Inc. Seattle | Undisclosed seller | Jun 29 | Jun 29 | pending | pending |
| 26 | American Financial Realty Trust Jenkintown, Pa. | Wachovia Corp. Charlotte | Mar 28 | pending | pending | pending |
| 27 | American Financial Realty Trust Jenkintown, Pa. | Regions Financial Corp. Birmingham, Ala. | May 31 | pending | pending | pending |
| 28 | Financial Investors of the South Inc. Birmingham, Ala. | Synovus Financial Corp. Columbus, Ga. | Jun 02 | pending | pending | pending |
| 29 | Hillsboro Bancshares Inc. Tex. | Colonial Trust Co. Hillsboro, Tex. | Mar 25 | pending | pending | pending |
| 30 | JPMorgan Chase & Co. New York | Neovest Holdings Inc. Orem, Utah | Jun 23 | pending | pending | pending |
| 31 | U.S. Bancorp Minneapolis | Certegy Inc. St. Petersburg, Fla. | May 23 | pending | pending | pending |
| 32 | Washington Mutual Inc. Seattle | Undisclosed seller Tex. | Jun 07 | pending | pending | pending |
| Securities Brokerage | ||||||
| 1 | E-Trade Financial Corp. New York | Ameritrade Holding Corp. Omaha | May 12 | pending | 6,000,000 | pending |
| 2 | Ameritrade Holding Corp. Omaha | TD Bank Financial Group Toronto | Jun 22 | pending | 3,300,000 | pending |
| 3 | Community Shores Bank Corp. Muskegon, Mich. | POT #103 Inc. North Muskegon, Mich. | May 04 | pending | 855 | pending |
| 4 | First Suburban Bancorp Corp. Maywood, Ill. | Water Street Capital Markets LLC Glendale Heights, Ill. | Mar 28 | pending | 200 | pending |
| 5 | Bank of New York Co. Inc. | McGraw-Hill Cos. Inc. New York | Jan. 24 | pending | pending | pending |
| 6 | Bank of New York Co. Inc. | BISYS Group Inc. Little Falls, N.J. | Mar 18 | pending | pending | pending |
| Servicing Portfolio | ||||||
| 1 | Wells Fargo & Co. San Francisco | Commercial Federal Corp. Omaha | Mar 31 | 31-Mar | 137,000 | $10,000,000 |
| 2 | EverBank Jacksonville, Fla. | First Indiana Corp. Indianapolis | Mar 29 | pending | 2,910 | pending |
| 3 | Undisclosed acquirer | Ohio Savings Financial Corp. Cleveland | Jan. 17 | Jan. 21 | pending | 5,000,000 |
| Specialty Finance | ||||||
| 1 | GrandSouth Bancorp. Greenville, S.C. | Car Bucks Inc. Anderson, S.C. | Mar 10 | pending | 750 | pending |
| 2 | CIT Group Inc. Livingston, N.J. | SunTrust Banks Inc. Atlanta | Apr 01 | Apr 01 | pending | 238,000 |
| 3 | State Financial Services Corp. Milwaukee | M2 Lease Funds LLC Madison, Wis. | Jan. 5 | pending | pending | 27,000 |
| 4 | Bancorp Rhode Island Inc. Providence | Macrolease International Corp. Plainview, N.Y. | May. 16 | May 16 | pending | pending |
| 5 | Societe Generale SA Paris | Bank of America Corp. Charlotte | Feb. 1 | Apr 07 | pending | pending |
| 6 | Perry Capital LLC New York | Regions Financial Corp. Birmingham, Ala. | Apr 05 | pending | pending | pending |
| Trust Services | ||||||
| 1 | Washington Trust Bancorp Westerly, R.I. | Weston Financial Group Inc. Wellesley, Mass. | Mar 21 | pending | 26,000 | 1,200,000 |
| 2 | NewAlliance Bancshares Inc. New Haven | Trust Co. of Connecticut Hartford | Mar 09 | Jun 30 | 19,300 | 700,000 |
| 3 | Community Central Bank Corp. Mount Clemens, Mich. | River Place Financial Corp. Detroit | Feb. 16 | Jun 30 | 2,500 | pending |
| 4 | Chicago Title Land Trust Co. | Taylor Capital Group Inc. Wheeling, Ill. | Apr 01 | Apr 01 | 2,250 | pending |
| 5 | Mellon Financial Corp. Pittsburgh | Derivatives Portfolio Management Somerset, N.J. | Jan. 18 | Feb. 28 | pending | 30,000,000 |
| 6 | MG Colorado Holdings Inc. | Matrix Bancorp Inc. Denver | Mar 23 | Apr 30 | pending | pending |
Source: Highline Banking Data Services (877-305-6657)
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