Most Active Bank and Thrift Buyers of Insurance Agencies Since 1994

September 08, 2006, 10:08 a.m. EDT 1 Min Read

View Table

Printer Friendly Version

Most Active Bank and Thrift Buyers of Insurance Agencies Since 1994
By number of deals (minimum of 3) and value of deals, if disclosed Published September 8, 2006
Rank		Deals	First deal announced
1	BB&T Corp. Winston-Salem, N.C.	56	June 16 '95
2	Wells Fargo & Co. San Francisco	26	Aug. 1 '99
3	Community First Bankshares Inc. Fargo, N.D.	23	Oct. 13 '95
4	Commerce Bancorp Inc. Cherry Hill, N.J.	13	July 31 '96
5	Wachovia Corp. Charlotte	13	July 7 '99
6	First Charter Corp. Concord, N.C.	11	Oct. 1 '98
7	Sky Financial Group Inc. Bowling Green, Ohio	11	March 15 '99
8	F.N.B. Corp. Hermitage, Pa.	10	June 23 '99
9	BNCcorp Inc. Bismarck, N.D.	8	Jan. 1 '97
10	Compass Bancshares Inc. Birmingham, Ala.	8	Oct. 23 '00
11	Evans Bancorp Inc. Angola, N.Y.	8	Oct. 1 '99
12	First M and F Corp. Kosciusko, Miss.	8	Sept. 20 '99
13	Webster Financial Corp. Waterbury, Conn.	8	April 29 '98
14	BancorpSouth Inc. Tupelo, Miss.	7	April 26 '99
15	Cullen/Frost Bankers Inc. San Antonio	7	March 4 '99
16	Old National Bancorp Evansville, Ind.	7	Nov. 29 '99
17	Banknorth Group Inc. Portland, Maine	6	June 19 '00
18	First Financial Holdings Inc. Charleston, S.C.	6	March 16 '00
19	Tompkins Trustco Inc. Ithaca, N.Y.	6	April 3 '00
20	TowneBank Portsmouth, Va.	6	Jan. 1 '01
21	Community Banks Inc. Harrisburg, Pa.	5	April 1 '01
22	First Niagara Financial Group Inc. Lockport, N.Y.	5	July 1 '03
23	First Security Corp. Salt Lake City	5	Feb. 13 '95
24	German American Bancorp Jasper, Ind.	5	Nov. 9 '98
25	UnionBanCal Corp. San Francisco	5	Nov. 19 '01
26	First Merchants Corp. Muncie, Ind.	4	Nov. 28 '01
27	Hibernia Corp. New Orleans	4	March 2 '98
28	Oneida Financial MHC Oneida, N.Y.	4	April 25 '00
29	Royal Bank of Canada Toronto	4	Jan. 31 '00
30	South Financial Group Inc. Greenville, S.C.	4	Sept. 20 '02
31	Summit Bancorp Princeton, N.J.	4	Dec. 9 '97
32	Temple-Inland Inc. Diboll, Tex.	4	Oct. 10 '00
33	Univest Corp. of Pennsylvania Souderton, Pa.	4	Dec. 16 '99
34	Waypoint Financial Corp. Harrisburg, Pa.	4	Oct. 3 '00
35	473 Broadway Holding Corp. Saratoga Springs, N.Y.	3	Jan. 10 '01
36	Alabama National BanCorp. Birmingham	3	Feb. 26 '99
37	BUCS Financial Corp. Owings Mills, Md.	3	Aug. 1 '01
38	FCNB Corp. Frederick, Md.	3	Sept. 2 '98
39	First Citizens Bancshares Inc. Raleigh, N.C.	3	Oct. 1 '97
40	First of America Bank Corp. Kalamazoo, Mich.	3	April 9 '96
41	Granite State Bankshares Inc. Keene, N.H.	3	Feb. 8 '02
42	Greater Bay Bancorp Palo Alto, Calif.	3	Dec. 19 '01
43	Hancock Holding Co. Gulfport, Miss.	3	Aug. 8 '03
44	Harbor Florida Bancshares Inc. Fort Pierce, Fla.	3	June 2 '00
45	Huntington Bancshares Inc. Columbus, Ohio	3	Nov. 5 '96
46	M&T Bank Corp. Buffalo, N.Y.	3	Dec. 21 '99
47	National Penn Bancshares Inc. Boyertown, Pa.	3	June 2 '04
48	Northeast Pennsylvania Financial Corp. Hazleton	3	July 8 '98
49	Peoples Bancorp Inc. Marietta, Ohio	3	Nov. 2 '99
50	Peoples Heritage Financial Group Inc. Portland, Maine	3	June 2 '97
51	Peoples Holding Co. Tupelo, Miss.	3	April 7 '99
52	Regions Financial Corp. Birmingham, Ala.	3	Feb. 7 '01
53	S&T Bancorp Inc. Indiana, Pa.	3	July 2 '02
54	Sandy Spring Bancorp Inc. Olney, Md.	3	Oct. 24 '01
55	Southwest Georgia Financial Corp. Moultrie	3	April 1 '99
56	Trustmark Corp. Jackson, Miss.	3	Dec. 8 '98
Rank		Value (millions)	First deal announced
1	Royal Bank of Canada Toronto	$798.70	Jan 1 '00
2	BB&T Corp. Winston-Salem, N.C.	590.80	June 16' 95
3	Bank One Corp. Chicago	500.00	Nov. 13 '00
4	Greater Bay Bancorp Palo Alto, Calif.	243.40	Dec. 19 '01
5	Illinois Agricultural Association Bloomington	183.70	Oct. 29 '03
6	Old National Bancorp Evansville, Ind.	79.70	Nov. 29 '99
7	Summit Bancorp Princeton, N.J.	68.20	Dec. 9 '07
8	BancorpSouth Inc. Tupelo, Miss.	59.40	April 26 '99
9	Sky Financial Group Inc. Bowling Green, Ohio	54.60	March 15 '99
10	Regions Financial Corp. Birmingham, Ala.	48.00	Feb. 7 '01
11	F.N.B. Corp. Hermitage, Pa.	47.60	June 23 '99
12	Credit Suisse Group Zurich	41.90	July 2 '98
13	Temple-Inland Inc. Diboll, Tex.	41.00	Oct. 10 '00
14	Wachovia Corp. Charlotte	38.70	July 7 '99
15	Enterprise Financial Services Corp. Clayton, Mo.	36.00	Oct. 13 '05
16	Citigroup Inc. New York	35.00	March 31 '99
17	BNCcorp Inc. Bismarck, N.D.	32.50	Jan 1 '97
18	First Tennessee National Corp. Memphis	29.00	Dec. 10 '01
19	KNBT Bancorp Inc. Bethlehem, Pa.	28.00	Feb. 28 '05
20	Hibernia Corp. New Orleans	26.80	March 2 '98
21	Trustmark Corp. Jackson, Miss.	26.00	Dec. 8 '98
22	Sterling Financial Corp. Lancaster, Pa.	25.70	Jan. 12 '04
23	JPMorgan Chase & Co. New York	35.90	Dec. 31 '99
24	Commerce Bancorp Inc. Cherry Hill, N.J.	24.20	July 31 '96
25	Hancock Holding Co. Gulfport, Miss.	23.60	Aug. 8 '03
26	Harleysville National Corp. Pa.	22.00	Nov. 15 '05
27	Peoples Bancorp Inc. Marietta, Ohio	21.20	Nov. 2 '99
28	Huntington Bancshares Inc. Columbus, Ohio	20.00	Nov. 5 '96
29	Susquehanna Bancshares Inc. Lilitz, Pa.	17.00	April 30 '02
30	South Financial Group Inc. Greenville, S.C.	16.80	Sept. 20 '02
31	TowneBank Portsmouth, Va.	16.60	Jan 1 '01
32	Grupo Financiero Inbursa S.A. de C.V. Mexico City	11.50	Nov. 28 ' 00
33	Leesport Financial Corp. Wyomissing, Pa.	11.20	Oct. 1 '02
34	FCNB Corp. Frederick, Md.	11.10	Sept. 2 '98
35	BancFirst Corp. Oklahoma City	10.10	Nov. 20 '00
36	First of America Bank Corp. Kalamazoo, Mich.	9.90	April 9 '96
37	Shore Bancshares Inc. Easton, Md.	9.60	Dec. 21 '01
38	Evans Bancorp Inc. Angola, N.Y.	9.10	Oct. 1 '99
39	Webster Financial Corp. Waterbury, Conn.	8.60	April 29 '98
40	Main Street Banks Inc. Kennesaw, Ga.	8.30	June 3 '02
41	First Financial Corp. Terre Haute, Ind.	7.70	March 22 '01
42	ACNB Corp. Gettysburg, Pa.	7.60	Nov. 19 '04
43	F&M National Corp. Winchester, Va.	7.20	Sept. 11 '97
44	First Banks Inc. Clayton, Mo.	7.00	March 30 '06
45	Team Financial Inc. Paola, Kan.	6.90	Dec. 11 '02
46	Oneida Financial Corp. Oneida, N.Y.	6.80	April 25 '00
47	NBC Capital Corp. Starkville, Miss.	6.70	April 7 '00
48	First Charter Corp. Charlotte	6.00	Oct. 1 '98
49	Waypoint Financial Corp. Harrisburg, Pa.	6.00	Oct. 3 '00
50	Centura Banks Inc. Rocky Mount, N.C.	5.90	Nov. 3 '97
51	Banknorth Group Inc. Portland, Maine	5.80	June 19 '00
52	Arrow Financial Corp. Glens Falls, N.Y.	4.90	Nov. 29 '04
53	MegaBank Financial Corp. Englewood, Colo.	4.50	April 1 '99
54	First Sterling Banks Inc. Kennesaw, Ga.	4.30	Sept. 26 '00
55	Zions Bancorp. Salt Lake City	4.00	Jan. 1 '99
56	First M and F Corp. Kosciusko, Miss.	3.90	Sept. 20 '99
57	First Leesport Bancorp Inc. Pa.	3.80	Sept. 17 '98
58	National Penn Bancshares Inc. Boyertown, Pa.	3.60	June 2 '04
59	Peoples Holding Co. Tupelo, Miss.	3.50	April 7 '99
60	Rainier Pacific Financial Group Inc. Tacoma	3.50	Dec. 21 '05
61	Alpena Bancshares Inc. Mich.	3.30	Feb. 28 '03
62	Alliance Bankshares Corp. Chantilly, Va.	3.20	Oct. 6 '05
63	Northeast Pennsylvania Financial Corp. Hazleton	3.10	July 8 '98
64	Alabama National BanCorp Birmingham	3.00	Feb. 26 '99
65	Oak Hill Financial Inc. Jackson, Ohio	2.70	Aug. 1 '01
66	First Merchants Corp. Muncie, Ind.	2.60	Nov. 28 '01
67	TIB Financial Corp. Key Largo, Fla.	2.50	Sept. 22 '00
68	Bridge Street Financial Inc. Oswego, N.Y.	2.40	March 1 '05
69	Indiana United Bancorp Greensburg, Ind.	2.40	May 31 '99
70	S&T Bancorp Inc. Indiana, Pa.	2.40	July 2 '02
71	Sussex Bancorp Franklin, N.J.	2.30	Sept. 28 '01
72	First Defiance Financial Corp. Defiance, Ohio	2.20	Oct. 30 '98
73	Woronoco Bancorp Inc. Westfield, Mass.	2.20	Aug. 30 '99
74	Cavalry Bancorp Inc. Murfreesboro, Tenn.	2.00	Aug. 8 '01
75	German American Bancorp Jasper, Ind.	2.00	Nov. 9 '98
76	Second Bancorp Inc. Warren, Ohio	2.00	Sept. 4 '02
77	Sandy Spring Bancorp Inc. Olney, Md.	1.90	Oct. 24 '01
78	East West Bancorp Inc. San Marino, Calif.	1.80	Aug. 22 '00
79	First Mid-Illinois Bancshares Inc. Mattoon	1.80	Jan. 10 '02
80	Harbor Florida Bancshares Inc. Fort Pierce	1.80	June 2 '00
81	WesBanco Inc. Wheeling, W.Va.	1.80	March 24 '98
82	CNB Bancorp Inc. Gloversville, N.Y.	1.60	June 8 '00
83	Northeast Bancorp Auburn, Maine	1.60	Feb. 20 '02
84	Security Federal Corp. Aiken, S.C.	1.60	June 5 '06
85	InterCounty Bancshares Inc. Wilmington, Ohio	1.40	Nov. 21 '97
86	CCBT Financial Cos. Inc. Hyannis, Mass.	1.20	Dec. 22 '99
87	Colorado Business Bankshares Inc. Denver	1.20	March 1 '01
88	Haven Bancorp Inc. Woodhaven, N.Y.	1.20	Sept. 29 '98
89	LCNB Corp. Lebanon, Ohio	1.20	Nov. 4 '99
90	Southwest Georgia Financial Corp. Moultrie, Ga.	1.10	April 1 '99
91	W Holding Co. Inc. Mayaguez, Puerto Rico	1.10	July 1 '01
92	Smithtown Bancorp Inc. N.Y.	1.00	April 14 '04
93	First Bancorp Troy, N.C.	0.90	May 30 '01
94	MidWestOne Financial Group Inc. Oskaloosa, Iowa	0.90	Sept. 1 '05
95	Summit Financial Group Inc. Moorefield, W.Va.	0.90	March 1 '04
96	Tri-County Financial Group Inc. Mendota, Ill.	0.80	Dec. 1 '99
97	Community Banks Inc. Harrisburg, Pa.	0.70	April 1 '01
98	Henderson Citizens Bancshares Inc. Tex.	0.70	April 5 '00
99	Community First Bankshares Inc. Fargo, N.D.	0.60	Oct. 13 '95
100	Gateway Financial Holdings Inc. Elizabeth City, N.C.	0.60	May 1 '04
101	NBank and Trust Financial Group Inc. Wilmington, Ohio	0.60	May 3 '01
102	UNB Corp. Canton, Ohio	0.60	June 12 '01
103	Home City Financial Corp. Springfield, Ohio	0.50	Aug. 28 '00
104	Hardin County Bancshares Inc. Savannah, Tenn.	0.30	June 30 '97
105	Norwest Corp. Minneapolis, Minn.	0.30	May 5 '94
106	Mid State Banks Inc. Cordele, Ga.	0.20	March 9 '00
107	Midwest Bancorp Inc. Hopkins, Minn.	0.20	Aug. 31 '95
108	BUCS Financial Corp. Owings Mills, Md.	0.10	Aug. 1 '01
109	Wayne Bancorp Inc. Wooster, Ohio	0.10	Feb. 15 '01

Notes: Through Aug. 23, 2006. Purchases by banking companies later taken over are credited here to the survivors.

Source: SNL Financial, Charlottesville, Va. (www.snl.com)