Most Expensive Bank and Thrift Deals Announced in 2009
February 10, 2010, 12:54 p.m. EST 1 Min Read
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Most Expensive Bank and Thrift Deals Announced in 2009
Most Expensive Bank and Thrift Deals Announced in 2009Ranked by price/tangible book at announcement. Deal value of $25million or higher. | ||||||
|---|---|---|---|---|---|---|
| Rank | Target name | Price to tangible book (%) | Announced | Deal value | Target's total assets | |
| 1 | First National Security Co. Ark. | Heritage Capital Corp. Ark. | 163.40% | Oct. 21 | $39.60 | $229.00 |
| 2 | Armed Forces Bank Holding Co. Va. | Two bank subsidiaries | 157.51 | 11-Mar | 157 | 885 |
| 3 | Union Savings Bank Conn. | First Litchfield Financial Corp. Conn. | 155.76 | Oct. 25 | 36.9 | 551 |
| 4 | Danvers Bancorp Inc. Mass. | Beverly National Corp. Mass. | 144.4 | 16-Jun | 60.9 | 484.7 |
| 5 | United Community Bancorp Inc. Ill. | Brown County State Bank and Marine Bank and Trust Ill. | 133.69 | Nov. 22 | 27.9 | 278 |
| 6 | Community Exchange Bancshares Ky. | Hindman Bancshares Inc. Ky. | 132.19 | Feb. 24 | 32.4 | 158.8 |
| 7 | FCB Florida Bancorp. Inc. | Anderen Financial Inc. Fla. | 129.11 | 6-Apr | 53.9 | 88.2 |
| 8 | Union Bankshares Corp. Va. | First Market Bank FSB Va. | 117.88 | 30-Mar | 105.4 | 1,300.90 |
| 9 | First Niagara Financial Group Inc. N.Y. | Harleysville National Corp. Pa. | 114.74 | 26-Jul | 239.8 | 5,646.20 |
| 10 | R. Dean Phillips (private investor) Ill. | HNB National Bank Mo. | 102.38 | Nov. 21 | 28 | 328.2 |
Source: SNL Financial, Charlottesville, Va.
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