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