Most Expensive Bank and Thrift Deals Announced in 2010
February 15, 2011, 4:12 a.m. EST 1 Min Read
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Most Expensive Bank and Thrift Deals Announced in 2010
Most Expensive Bank and Thrift Deals Announced in 2010Ranked by price/tangible book at announcement. Deal value of $25 million or higher. Dollars in millions | ||||||
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Rank | Target name | Price to tangible book (%) | Announced | Deal value | Target's total assets | |
1 | Eastern Bank Corp. Mass. | Wainwright Bank & Trust Co. Mass. | 200.21% | June 28 | $162.8 | $1,047.6 |
2 | Rabobank Nederland | Napa Community Bank Calif. | 191.89 | Feb. 16 | 30.3 | 167.0 |
3 | WSFS Financial Corp. Del. | Christiana Bank & Trust Co. Del. | 189.71 | June 23 | 34.5 | 202.0 |
4 | First Niagara Financial Group Inc. N.Y. | NewAlliance Bancshares Inc. Conn. | 165.31 | Aug. 18 | 1,498.0 | 8,712.1 |
5 | Hancock Holding Co. Miss. | Whitney Holding Corp. La. | 163.73 | Dec. 21 | 1,468.4 | 11,517.2 |
6 | Old National Bancorp Ind. | Monroe Bancorp Ind. | 161.68 | Oct. 5 | 90.5 | 838.1 |
7 | Kearny Financial Corp. MHC N.J. | Central Jersey Bancorp N.J. | 153.06 | May 25 | 72.3 | 571.3 |
8 | People's United Financial Inc. Conn. | LSB Corp. Mass. | 152.51 | July 15 | 95.9 | 806.6 |
9 | United Bankshares Inc. W.Va. | Centra Financial Holdings Inc. W.Va. | 146.30 | Dec. 15 | 185.4 | 1,410.8 |
10 | Steele Holdings Inc. Texas | American State Bank Texas | 143.60 | Feb. 9 | 25.8 | 206.4 |
Source: SNL Financial, Charlottesville, Va.
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