Most Active Bank and Thrift Buyers of Insurance Agencies Since 1997
September 23, 2005, 10:08 a.m. EDT 1 Min Read
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Most Active Bank and Thrift Buyers of Insurance Agencies Since 1997
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| Published September 23, 2005 | |||
| Rank | Deals | First deal announced | |
| 1 | BB&T Corp. Winston-Salem, NC | 50 | Dec. 22 97 |
| 2 | BNP Paribas Paris | 26 | Dec. 1 97 |
| 3 | Wells Fargo & Co. San Francisco, | 24 | Jan. 1 97 |
| 4 | Wachovia Corp. Charlotte | 13 | July 7 99 |
| 5 | Commerce Bancorp Inc. Cherry Hill, N.J. | 11 | Jan. 1 97 |
| 6 | F.N.B. Corp. Hermitage, Pa. | 11 | June 23 99 |
| 7 | First Charter Corp. Charlotte | 11 | Oct. 1 98 |
| 8 | TD Banknorth Inc. Portland, Maine | 11 | June 2 97 |
| 9 | Sky Financial Group Inc. Bowling Green, Ohio | 9 | March 15 99 |
| 10 | Compass Bancshares Inc. Birmingham, Ala. | 8 | Oct. 23 00 |
| 11 | First M & F Corp. Kosciusko, Miss. | 8 | Sept. 20 99 |
| 12 | Webster Financial Corp. Waterbury, Conn. | 8 | April 28 98 |
| 13 | BancorpSouth Inc. Tupelo, Miss. | 7 | April 26 99 |
| 14 | BNCcorp Inc. Bismarck, N.D. | 7 | Jan. 1 97 |
| 15 | Cullen/Frost Bankers Inc. San Antonio | 7 | March 4 99 |
| 16 | Evans Bancorp Inc. Angola, N.Y. | 7 | Oct. 1 99 |
| 17 | Bank of America Corp. Charlotte | 6 | Dec. 9 97 |
| 18 | Community Banks Inc. Harrisburg, Pa. | 6 | April 1 01 |
| 19 | First Niagara Financial Group Lockport, N.Y. | 6 | Sept. 2 98 |
| 20 | Old National Bancorp Evansville, Ind. | 6 | Nov. 29 99 |
| 21 | First Financial Holdings Inc. Charleston, S.C. | 5 | March 16 00 |
| 22 | German American Bancorp Jasper, Ind. | 5 | Nov. 9 98 |
| 23 | NB&T Financial Group Inc. Wilmington, Ohio | 5 | Nov. 21 97 |
| 24 | Oneida Financial MHCN.Y. | 5 | April 25 00 |
| 25 | South Financial Group Inc. Greenville, S.C. | 5 | Sept. 20 02 |
| 26 | TowneBank Portsmouth, Va. | 5 | Jan. 1 01 |
| 27 | UnionBanCal Corp. San Francisco | 5 | Nov. 19 01 |
| 28 | Chittenden Corp. Burlington, Vt. | 4 | May 28 97 |
| 29 | First Merchants Corp. Muncie, Ind. | 4 | Nov. 28 01 |
| 30 | Greater Bay Bancorp Palo Alto, Calif. | 4 | Dec. 19 01 |
| 31 | Harbor Florida Bancshares Inc. Fort Pierce | 4 | June 2 00 |
| 32 | Hibernia Corp. New Orleans | 4 | March 2 98 |
| 33 | KNBT Bancorp Inc. Bethlehem, Pa. | 4 | July 8 98 |
| 34 | Leesport Financial Corp. Wyomissing, Pa. | 4 | Sept. 17 98 |
| 35 | Regions Financial Corp. Birmingham, Ala. | 4 | Feb. 7 01 |
| 36 | Sovereign Bancorp Inc. Philadelphia | 4 | Oct. 3 00 |
| 37 | Temple-Inland Inc. Diboll, Tex. | 4 | Oct. 10 00 |
| 38 | Alabama National BanCorp. Birmingham | 3 | Feb. 26 99 |
| 39 | Berkshire Hills Bancorp Inc. Pittsfield, Mass. | 3 | Aug. 30 99 |
| 40 | BUCS Financial Corp Owings Mills, Md. | 3 | Aug. 1 01 |
| 41 | FCNB Corp. Frederick, Md. | 3 | Sept. 2 98 |
| 42 | First Citizens BancShares Inc. Raleigh | 3 | Oct. 1 97 |
| 43 | Gateway Financial Holdings Elizabeth City, N.C. | 3 | Jul. 27 99 |
| 44 | Main Street Banks Inc. Atlanta | 3 | Sept. 26 00 |
| 45 | National Penn Bancshares Inc. Boyertown, Pa. | 3 | June 2 04 |
| 46 | Peoples Bancorp Inc. Marietta, Ohio | 3 | Nov. 2 99 |
| 47 | Renasant Corp. Tupelo, Miss. | 3 | April 7 99 |
| 48 | Southwest Georgia Financial Moultrie | 3 | April 1 99 |
| 49 | Stoneham Savings Bank Mass. | 3 | July 1 99 |
| 50 | Tompkins Trustco Inc. Ithaca, N.Y. | 3 | April 3 00 |
| 51 | Trustmark Corp. Jackson, Miss. | 3 | Dec. 8 98 |
| 52 | Univest Corp. of Pennsylvania Souderton | 3 | Dec. 16 99 |
| 53 | Valley National Bancorp Wayne, N.J. | 3 | July 13 99 |
| Rank | Value (millions) | First deal announced | |
| 1 | BB&T Corp. Winston-Salem, N.C. | 568.8 | Dec. 22 97 |
| 2 | Greater Bay Bancorp. Palo Alto, Calif. | 200.5 | Dec. 19 01 |
| 3 | Bank of America Corp. Charlotte | 68.1 | Dec. 9 97 |
| 4 | Old National Bancorp Evansville, Ind. | 67.9 | Nov. 29 99 |
| 5 | BancorpSouth Inc. Tupelo, Miss. | 59.4 | April 26 99 |
| 6 | Sky Financial Group Inc. Bowling Green, Ohio | 56.5 | March 15 99 |
| 7 | Regions Financial Corp. Birmingham, Ala. | 48.0 | Feb. 7 01 |
| 8 | F.N.B. Corp. Hermitage, Pa. | 47.7 | June 23 99 |
| 9 | Temple-Inland Inc. Diboll, Tex. | 41.0 | Oct. 10 00 |
| 10 | Wachovia Corp. Charlotte | 38.7 | July 7 99 |
| 11 | KNBT Bancorp Inc. Bethlehem, Pa. | 31.1 | July 8 98 |
| 12 | BNCcorp Inc. Bismarck, N.D. | 30.5 | Jan. 1 97 |
| 13 | First Horizon National Corp. Memphis | 29.0 | Dec. 10 01 |
| 14 | Hibernia Corp. New Orleans | 26.8 | March 2 98 |
| 15 | Trustmark Corp. Jackson, Miss. | 26.0 | Dec. 8 98 |
| 16 | Peoples Bancorp Inc. Marietta, Ohio | 21.2 | Nov. 2 99 |
| 17 | Huntington Bancshares Inc. Columbus, Ohio | 20.0 | Jan. 8 98 |
| 18 | Commerce Bancorp Inc. Cherry Hill, N.J. | 18.4 | Jan. 1 97 |
| 19 | Sterling Financial Corp. Lancaster, Pa. | 18.4 | Jan. 12 04 |
| 20 | Susquehanna Bancshares Inc. Lititz, Pa. | 17.0 | April 30 02 |
| 21 | TowneBank Portsmouth, Va. | 15.9 | Jan. 1 01 |
| 22 | Leesport Financial Corp. Wyomissing, Pa. | 14.9 | Sept. 17 98 |
| 23 | Main Street Banks Inc. Atlanta | 12.6 | Sept. 26 00 |
| 24 | FCNB Corp. Frederick, Md. | 11.1 | Sept. 2 98 |
| 25 | First of America Bank Corp. Kalamazoo, Mich. | 9.9 | Jan. 1 97 |
| 26 | Shore Bancshares Inc. Easton, Md. | 9.6 | Dec. 21 01 |
| 27 | Evans Bancorp Inc. Angola, N.Y. | 9.1 | Oct. 1 99 |
| 28 | Webster Financial Corp. Waterbury, Conn. | 8.6 | April 28 98 |
| 29 | First Financial Corp. Terre Haute, Ind. | 7.7 | March 22 01 |
| 30 | ACNB Corp. Gettysburg, Pa. | 7.6 | Nov. 19 04 |
| 31 | F&M National Corp. Winchester, Va. | 7.2 | Sept. 11 97 |
| 32 | TD Banknorth Inc. Portland, Maine | 7.0 | June 2 97 |
| 33 | Team Financial Inc. Paola, Kan. | 6.9 | Dec. 11 02 |
| 34 | NBC Capital Corp. Starkville, Miss. | 6.7 | June 2 99 |
| 35 | Oneida Financial MHC N.Y. | 6.2 | April 25 00 |
| 36 | First Charter Corp. Charlotte | 6.0 | Oct. 1 98 |
| 37 | Sovereign Bancorp Inc. Philadelphia | 6.0 | Oct. 3 00 |
| 38 | RBC Centura Banks Inc. Rocky Mount, N.C. | 5.8 | Nov. 3 97 |
| 39 | South Financial Group Inc. Greenville, S.C. | 5.6 | Sept. 20 02 |
| 40 | Arrow Financial Corp. Glens Falls, N.Y. | 4.9 | Nov. 29 04 |
| 41 | BancFirst Corp. Oklahoma City | 4.8 | Oct. 8 04 |
| 42 | MegaBank Financial Corp. Englewood, Colo. | 4.5 | April 1 99 |
| 43 | Zions Bancorp. Salt Lake City | 4.0 | Jan. 1 99 |
| 44 | First M & F Corp. Kosciusko, Miss. | 4.0 | Sept. 20 99 |
| 45 | First Defiance Financial Ohio | 4.0 | Oct. 30 98 |
| 46 | National Penn Bancshares Inc. Boyertown, Pa. | 3.6 | June 2 04 |
| 47 | Renasant Corp. Tupelo, Miss. | 3.5 | April 7 99 |
| 48 | First Fed of North Michigan Bancorp Alpena | 3.3 | Feb. 28 03 |
| 49 | Alabama National BanCorp. Birmingham | 3.0 | Feb. 26 99 |
| 50 | Oak Hill Financial Inc. Jackson, Ohio | 2.7 | Aug. 1 01 |
| 51 | First Merchants Corp. Muncie, Ind. | 2.7 | Nov. 28 01 |
| 52 | TIB Financial Corp. Naples, Fla. | 2.5 | Sep.t 22 00 |
| 53 | MainSource Financial Group Greensburg, Ind. | 2.5 | May 31 99 |
| 54 | S&T Bancorp Inc. Indiana, Pa. | 2.4 | July 2 02 |
| 55 | Bridge Street Financial Oswego, N.Y. | 2.4 | March 1 05 |
| 56 | Sussex Bancorp Franklin, N.J. | 2.3 | Sept. 28 01 |
| 57 | Berkshire Hills Bancorp Inc. Pittsfield, Mass. | 2.2 | Aug. 30 99 |
| 58 | NB&T Financial Group Inc. Wilmington, Ohio | 2.1 | Nov. 21 97 |
| 59 | Harbor Florida Bancshares Inc. Fort Pierce | 2.0 | June 2 00 |
| 60 | Cavalry Bancorp Inc. Murfreesboro, Tenn. | 2.0 | Aug. 8 01 |
| 61 | German American Bancorp Jasper, Ind. | 2.0 | Nov. 9 98 |
| 62 | East West Bancorp Inc. San Marino, Calif. | 1.8 | Aug. 22 00 |
| 63 | First Mid-Illinois Bancshares Mattoon | 1.8 | Jan. 10 02 |
| 64 | WesBanco Inc. Wheeling, W.Va. | 1.8 | March 24 98 |
| 65 | CNB Bancorp Inc. Gloversville, N.Y. | 1.6 | June 8 00 |
| 66 | Northeast Bancorp Auburn, Maine | 1.6 | Feb. 20 02 |
| 67 | Haven Bancorp Inc. Westbury, N.Y. | 1.2 | Sept. 29 98 |
| 68 | LCNB Corp. Lebanon, Ohio | 1.2 | Nov. 4 99 |
| 69 | CoBiz Inc. Denver | 1.2 | March 1 01 |
| 70 | Southwest Georgia Financial Moultrie | 1.1 | April 1 99 |
| 71 | W Holding Co. Mayaguez, Puerto Rico | 1.1 | July 1 01 |
| 72 | Smithtown Bancorp Inc. Hauppauge, N.Y. | 1.0 | April 14 04 |
| 73 | First Bancorp Troy, N.C. | 0.9 | May 30 01 |
| 74 | Summit Financial Group Inc. Moorefield, W.Va. | 0.9 | March 1 04 |
| 75 | Valley National Bancorp Wayne, N.J. | 0.8 | July 13 99 |
| 76 | Tri-County Financial Group Inc. Mendota, Ill. | 0.7 | Dec. 1 99 |
| 77 | Community Banks Inc. Harrisburg, Pa. | 0.7 | April 1 01 |
| 78 | Henderson Citizens Bancshares Inc. Tex. | 0.7 | April 5 00 |
| 79 | Gateway Financial Holdings Elizabeth City, N.C. | 0.6 | July 27 99 |
| 80 | Unizan Financial Corp. Canton, Ohio | 0.6 | June 12 01 |
| 81 | BNP Paribas Group Paris | 0.5 | Dec. 1 97 |
| 82 | Home City Financial Corp. Springfield, Ohio | 0.5 | Aug. 28 00 |
| 83 | Habersham Bancorp Cornelia, Ga. | 0.4 | Jan. 23 97 |
| 84 | Hardin County Bancshares Inc. Savannah, Tenn. | 0.3 | July 30 97 |
| 85 | Wells Fargo & Co. San Francisco | 0.3 | Jan. 1 97 |
| 86 | Mid State Banks Inc. Hawkinsville, Ga. | 0.2 | March 9 00 |
| 87 | BUCS Financial Corp Owings Mills, Md. | 0.1 | Aug. 1 01 |
| 88 | National City Corp. Cleveland | 0.1 | Feb. 15 01 |
Through Aug. 8, 2005. Purchases by banking companies later taken over are credited here to the survivors.
Source: SNL Financial
© 2005 American Banker