Most Active Bank and Thrift Buyers of Insurance Agencies Since 1994
Published July 24, 2007, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Most Active Bank and Thrift Buyers of Insurance Agencies Since 1994
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| Published July 24, 2007 | |||
| By number of deals | |||
| Rank | Value (millions) | First deal announced | |
| 1 | Royal Bank of Canada Toronto | $798.7 | Jan. 31 '00 |
| 2 | BB&T Corp. Winston-Salem, N.C. | 590.8 | June 16 '95 |
| 3 | Bank One Corp. Chicago | 500.0 | Nov. 13 '00 |
| 4 | Greater Bay Bancorp Palo Alto, Calif. | 243.4 | Dec. 19 '01 |
| 5 | Illinois Agricultural Association Bloomington | 183.7 | Oct. 29 '03 |
| 6 | Old National Bancorp Evansville, Ind. | 79.7 | Nov. 29 '99 |
| 7 | Sky Financial Group Inc. Bowling Green, Ohio | 72.8 | March 15 '99 |
| 8 | Regions Financial Corp. Birmingham, Ala. | 68.6 | Feb. 7 '01 |
| 9 | Summit Bancorp Princeton, N.J. | 68.2 | Dec. 9 '97 |
| 10 | BancorpSouth Inc. Tupelo, Miss. | 59.4 | April 26 '99 |
| 11 | F.N.B. Corp. Hermitage, Pa. | 47.6 | June 23 '99 |
| 12 | Credit Suisse Group Zurich | 41.9 | July 2 '98 |
| 13 | Temple-Inland Inc. Diboll, Tex. | 41.0 | Oct. 10 '00 |
| 14 | First Union Corp. Charlotte | 38.7 | Aug. 8 '96 |
| 15 | Enterprise Financial Services Corp. Clayton, Mo. | 35.6 | Oct. 13 '05 |
| 16 | Citigroup Inc. New York | 35.0 | March 31 '99 |
| 17 | BNCcorp Inc. Bismarck, N.D. | 32.5 | Jan. 1 '97 |
| 18 | First Tennessee National Corp. Memphis | 29.0 | Dec. 10 '01 |
| 19 | KNBT Bancorp Inc. Bethlehem, Pa. | 28.0 | Feb. 28 '05 |
| 20 | Hibernia Corp. New Orleans | 26.8 | March 2 '98 |
| 21 | Trustmark Corp. Jackson, Miss. | 26.0 | Dec. 8 '98 |
| 22 | Sterling Financial Corp. Lancaster, Pa. | 25.7 | Jan. 12 '04 |
| 23 | JPMorgan Chase & Co. New York | 25.2 | Oct. 22 '02 |
| 24 | Commerce Bancorp Inc. Cherry Hill, N.J. | 24.2 | July 31 '96 |
| 25 | Hancock Holding Co. Gulfport, Miss. | 23.6 | Aug. 8 '03 |
| 26 | Harleysville National Corp. Pa. | 22.0 | Nov. 15 '05 |
| 27 | Peoples Bancorp Inc. Marietta, Ohio | 21.2 | Nov. 2 '99 |
| 28 | Huntington Bancshares Inc. Columbus, Ohio | 20.0 | Nov. 5 '96 |
| 29 | TowneBank Portsmouth, Va. | 19.1 | Jan. 1 '01 |
| 30 | Susquehanna Bancshares Inc. Lilitz, Pa. | 17.0 | April 30 '02 |
| 31 | South Financial Group Inc. Greenville, S.C. | 16.8 | Sept. 22 '03 |
| 32 | BancFirst Corp. Oklahoma City | 13.8 | Nov. 20 '00 |
| 33 | Grupo Financiero Inbursa S.A. de C.V. Mexico City | 11.5 | Nov. 28 '00 |
| 34 | Leesport Financial Corp. Wyomissing, Pa. | 11.2 | Oct. 1 '02 |
| 35 | FCNB Corp. Frederick, Md. | 11.1 | Sept. 2 '98 |
| 36 | Chase Manhattan Corp. New York | 10.7 | Dec. 31 '99 |
| 37 | First of America Bank Corp. Kalamazoo, Mich. | 9.9 | April 9 '96 |
| 38 | Shore Bancshares Inc. Easton, Md. | 9.6 | Dec. 21 '01 |
| 39 | Evans Bancorp Inc. Angola, N.Y. | 9.1 | Oct. 1 '99 |
| 40 | Webster Financial Corp. Waterbury, Conn. | 8.6 | April 28 '98 |
| 41 | Main Street Banks Inc. Kennesaw, Ga. | 8.3 | Dec. 5 '03 |
| 42 | First Financial Corp. Terre Haute, Ind. | 7.7 | March 22 '01 |
| 43 | ACNB Corp. Gettysburg, Pa. | 7.6 | Nov. 19 '04 |
| 44 | F&M National Corp. Winchester, Va. | 7.2 | Sept. 11 '97 |
| 45 | Summit Financial Group Inc. Moorefield, W.Va. | 7.1 | March 1 '04 |
| 46 | First Banks Inc. Clayton, Mo. | 7.0 | March 30 '06 |
| 47 | Team Financial Inc. Paola, Kan. | 6.9 | Dec. 11 '02 |
| 48 | NBC Capital Corp. Starkville, Miss. | 6.7 | June 2 '99 |
| 49 | First Charter Corp. Concord, N.C. | 6.0 | Oct. 1 '98 |
| 50 | Oneida Financial MHC Oneida, N.Y. | 6.0 | April 25 '00 |
| 51 | Waypoint Financial Corp. Harrisburg, Pa. | 6.0 | Oct. 3 '00 |
| 52 | Alliance Bankshares Corp. Chantilly, Va. | 5.9 | Oct. 6 '05 |
| 53 | Centura Banks Inc. Rocky Mount, N.C. | 5.9 | Nov. 3 '97 |
| 54 | Northeast Bancorp Auburn, Maine | 5.9 | Feb. 20 '02 |
| 55 | Banknorth Group Inc. Portland, Maine | 5.8 | June 19 '00 |
| 56 | Willow Financial Bancorp Inc. Wayne, Pa. | 5.5 | Jan. 11 '07 |
| 57 | Univest Corp. of Pennsylvania Souderton, Pa. | 5.0 | Dec. 16 '99 |
| 58 | Arrow Financial Corp. Glens Falls, N.Y. | 4.9 | Nov. 29 '04 |
| 59 | First Defiance Financial Corp. Defiance, Ohio | 4.5 | Oct. 30 '98 |
| 60 | MegaBank Financial Corp. Englewood, Colo. | 4.5 | April 1 '99 |
| 61 | First Sterling Banks Inc. Kennesaw, Ga. | 4.3 | Sept. 26 '00 |
| 62 | German American Bancorp Jasper, Ind. | 4.3 | Nov. 9 '98 |
| 63 | Zions Bancorp. Salt Lake City | 4.0 | Jan. 1 '99 |
| 64 | First M and F Corp. Kosciusko, Miss. | 3.9 | Sept. 20 '99 |
| 65 | First Leesport Bancorp Inc. Pa. | 3.8 | Sept. 17 '98 |
| 66 | National Penn Bancshares Inc. Boyertown, Pa. | 3.6 | June 2 '04 |
| 67 | Peoples Holding Co. Tupelo, Miss. | 3.5 | April 7 '99 |
| 68 | Rainier Pacific Financial Group Inc. Tacoma | 3.5 | Dec. 21 '05 |
| 69 | Alpena Bancshares Inc. MHC Mich. | 3.3 | Feb. 28 '03 |
| 70 | Northeast Pennsylvania Financial Corp. Hazleton, Pa. | 3.1 | July 8 '98 |
| 71 | Alabama National BanCorp. Birmingham | 3.0 | Feb. 26 '99 |
| 72 | Oak Hill Financial Inc. Jackson, Ohio | 2.7 | Aug. 1 '01 |
| 73 | First Merchants Corp. Muncie, Ind. | 2.6 | Nov. 28 '01 |
| 74 | TIB Financial Corp. Key Largo, Fla. | 2.5 | Sept. 22 '00 |
| 75 | Bridge Street Financial Inc. Oswego, N.Y. | 2.4 | March 1 '05 |
| 76 | Indiana United Bancorp Greensburg | 2.4 | May 31 '99 |
| 77 | S&T Bancorp Inc. Indiana, Pa. | 2.4 | July 2 '02 |
| 78 | Sussex Bancorp Franklin, N.J. | 2.3 | Sept. 28 '01 |
| 79 | Woronoco Bancorp Inc. Westfield, Mass. | 2.2 | Aug. 30 '99 |
| 80 | Cavalry Bancorp Inc. Murfreesboro, Tenn. | 2.0 | Aug. 8 '01 |
| 81 | Gateway Financial Holdings Inc. Elizabeth City, N.C. | 2.0 | May 1 '04 |
| 82 | Second Bancorp Inc. Warren, Ohio | 2.0 | Sept. 4 '02 |
| 83 | Sandy Spring Bancorp Inc. Olney, Md. | 1.9 | Oct. 24 '01 |
| 84 | East West Bancorp Inc. San Marino, Calif. | 1.8 | Aug. 22 '00 |
| 85 | First Mid-Illinois Bancshares Inc. Mattoon | 1.8 | Jan. 10 '02 |
| 86 | Harbor Florida Bancshares Inc. Fort Pierce | 1.8 | June 2 '00 |
| 87 | WesBanco Inc. Wheeling, W.Va. | 1.8 | March 24 '98 |
| 88 | CNB Bancorp Inc. Gloversville, N.Y. | 1.6 | June 8 '00 |
| 89 | Security Federal Corp. Aiken, S.C. | 1.6 | June 5 '06 |
| 90 | InterCounty Bancshares Inc. Wilmington, Ohio | 1.4 | Nov. 21 '97 |
| 91 | CCBT Financial Cos. Inc. Hyannis, Mass. | 1.2 | Dec. 22 '99 |
| 92 | Colorado Business Bankshares Inc. Denver | 1.2 | March 1 '01 |
| 93 | Haven Bancorp Inc. Woodhaven, N.Y. | 1.2 | Sept. 29 '98 |
| 94 | LCNB Corp. Lebanon, Ohio | 1.2 | Nov. 4 '99 |
| 95 | Southwest Georgia Financial Corp. Moultrie, Ga. | 1.1 | April 1 '99 |
| 96 | W Holding Co. Inc. Mayaguez, Puerto Rico | 1.1 | July 1 '01 |
| 97 | Peoples Bancorp Inc. Chestertown, Md. | 1.0 | Sept. 12 '06 |
| 98 | Smithtown Bancorp Inc. Smithtown, N.Y. | 1.0 | April 14 '04 |
| 99 | First Bancorp Troy, N.C. | 0.9 | May 30 '01 |
| 100 | MidWestOne Financial Group Inc. Oskaloosa, Iowa | 0.9 | Sept. 1 '05 |
| By number of acquisitions | |||
| Rank | Purchases | First deal announced | |
| 1 | BB&T Corp. Winston-Salem, N.C. | 58 | June 16 '95 |
| 2 | Wells Fargo & Co. San Francisco | 30 | 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 | F.N.B. Corp. Hermitage, Pa. | 12 | June 23 '99 |
| 6 | First Charter Corp. Concord, N.C. | 11 | Oct. 1 '98 |
| 7 | Wachovia Corp. Winston-Salem, N.C. | 10 | July 7 '99 |
| 8 | BNCCorp Inc. Bismarck, N.D. | 8 | Jan. 1 '97 |
| 9 | Community Banks Inc. Harrisburg, Pa. | 8 | April 1 '01 |
| 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 | TowneBank Portsmouth, Va. | 8 | Jan. 1 '01 |
| 14 | Webster Financial Corp. Waterbury, Conn. | 8 | April 28 '98 |
| 15 | BancorpSouth Inc. Tupelo, Miss. | 7 | April 26 '99 |
| 16 | Cullen/Frost Bankers Inc. San Antonio | 7 | March 4 '99 |
| 17 | Old National Bancorp Evansville, Ind. | 7 | Nov. 29 '99 |
| 18 | Sky Financial Group Inc. Bowling Green, Ohio | 7 | March 15 '99 |
| 19 | Tompkins Trustco Inc. Ithaca, N.Y. | 7 | April 3 '00 |
| 20 | Banknorth Group Inc. Portland, Maine | 6 | June 19 '00 |
| 21 | Berkshire Hills Bancorp Inc. Pittsfield, Mass. | 6 | Oct. 26 '05 |
| 22 | First Financial Holdings Inc. Charleston, S.C. | 6 | March 16 '00 |
| 23 | First Niagara Financial Group Inc. Lockport, N.Y. | 6 | July 1 '03 |
| 24 | BNP Paribas Group Paris | 5 | Dec. 31 '03 |
| 25 | First Security Corp. Salt Lake City | 5 | Feb. 13 '95 |
Notes: Through June 21, 2007. Purchases by banking companies later taken over are credited here to the survivors.
* Does not reflect all deals reported by Commerce.
Source:
SNL Financial
, Charlottesville, Va.© 2007 American Banker