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Most Expensive Bank and Thrift Deals Announced in 2010

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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
Published February 15, 2011

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.
© 2011 American Banker

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