Top 150 Bank Merger Deals Announced in 2000
February 12, 2001, 1:00 a.m. EST 1 Min Read
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Top 150 Bank Merger Deals Announced in 2000
Top 150 Bank Merger Deals Announced in 2000Ranked by price at announcement | |||||||||||
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Rank | Buyer | Target | Announcement date | Completion date or status | Price ($000) | Price to: | Target's: | Assets ($000) | |||
Equity | 12-mo. net income | No. of employees | No. of branches | Buyer | Target | ||||||
1 | Chase Manhattan Corp. New York | J.P. Morgan & Co. New York | Sept. 13 | Dec. 31 | $34,464,551 | 2.7 | 14.98 | 15,988 | 3 | $396,045,000 | $266,323,000 |
2 | Firstar Corp. Milwaukee | U.S. Bancorp Minneapolis | Oct. 4 | Pending | 21,199,357 | 2.6 | 13.74 | 29,047 | 1,007 | 74,506,369 | 86,349,000 |
3 | FleetBoston Financial Corp. Boston | Summit Bancorp Princeton, N.J. | Oct. 1 | Pending | 6,990,720 | 2.28 | 13.88 | 9,024 | 500 | 179,093,000 | 39,464,998 |
4 | Fifth Third Bancorp Cincinnati | Old Kent Financial Corp. Grand Rapids, Mich. | Nov. 20 | Pending | 4,947,005 | 3.08 | 20.38 | 8,676 | 340 | 44,395,900 | 22,518,600 |
5 | Wells Fargo & Co. San Francisco | First Security Corp. Salt Lake City | April 10 | Oct. 25 | 2,778,512 | 1.57 | 11.36 | 8,168 | 330 | 222,276,000 | 23,336,582 |
6 | ABN Amro North America Chicago | Michigan National Corp. Farmington Hills, Mich. | Nov. 22 | Pending | 2,750,000 | 1.91 | 18.4 | 3,468 | 185 | 67,494,273 | 11,493,891 |
7 | Charles Schwab Corp. San Francisco | U.S. Trust Corp. New York | Jan. 13 | May 31 | 2,618,595 | 7.97 | 31.03 | 2,234 | 17 | N/A | 5,023,051 |
8 | National Commerce Bancorp. Memphis, Tenn. | CCB Financial Corp. Durham, N.C. | March 20* | July 3 | 1,916,597 | 2.64 | 12.61 | 2,832 | 225 | 6,806,173 | 8,186,298 |
9 | North Fork Bancorp Melville, N.Y. | Dime Bancorp New York | March 5† | Terminated | 1,884,278 | 1.24 | 7.86 | 6,928 | 121 | 12,108,116 | 23,921,325 |
10 | Washington Mutual, Inc. Seattle | Bank United Corp. Houston | Aug. 21 | Pending | 1,517,250 | 1.67 | 10.68 | 2,622 | 88 | 185,687,190 | 18,197,572 |
11 | Comerica Inc. Detroit | Imperial Bancorp Inglewood, Calif. | Nov. 1 | Pending | 1,302,320 | 2.43 | 12.15 | 1,379 | 51 | 40,885,390 | 7,441,954 |
12 | BB&T Corp. Winston-Salem, N.C. | One Valley Bancorp Charleston, W.Va. | Feb. 7 | July 6 | 1,202,115 | 2.12 | 14.68 | 2,296 | 125 | 43,480,996 | 6,583,061 |
13 | M&T Bank Corp. Buffalo, N.Y. | Keystone Financial, Inc. Harrisburg, Pa. | May 17 | Oct. 6 | 1,028,142 | 1.85 | 21.15 | 2,618 | 180 | 22,761,554 | 7,012,346 |
14 | Wells Fargo & Co. San Francisco | First Commerce Bancshares Lincoln, Neb. | Feb. 2 | June 16 | 479,727 | 1.86 | 15.51 | 1,238 | 25 | 218,102,000 | 2,609,590 |
15 | BancorpSouth, Inc. Tupelo, Miss. | First United Bancshares El Dorado, Ark. | April 17 | Aug. 31 | 455,758 | 1.72 | 13.46 | 1,045 | 74 | 5,844,696 | 2,715,907 |
16 | BB&T Corp. Winston-Salem, N.C. | Century South Banks, Inc. Alpharetta, Ga. | Dec. 5 | Pending | 426,462 | 2.71 | 25.47 | 656 | 40 | 56,671,181 | 1,614,497 |
17 | Valley National Bancorp Wayne, N.J. | Merchants New York Bancorp New York | Sept. 6 | Pending | 375,930 | 3.86 | 17.92 | 236 | 7 | 6,292,729 | 1,369,676 |
18 | M&T Bank Corp. Buffalo, N.Y. | Premier National Bancorp Lagrangeville, N.Y. | July 10 | Pending | 341,394 | 2.39 | 15.66 | 550 | 34 | 21,746,100 | 1,573,803 |
19 | Wachovia Corp. Winston-Salem, N.C. | Republic Security Financial Corp West Palm Beach, Fla. | Oct. 30 | Pending | 340,055 | 1.64 | 13.6 | 881 | 119 | 72,020,228 | 3,396,980 |
20 | Park National Corp. Newark, Ohio | Security Banc Corporation Springfield, Ohio | Nov. 21 | Pending | 306,413 | 2.5 | 17.74 | 319 | 24 | 3,212,184 | 986,529 |
21 | South Financial Group, Inc. Greenville, S.C. | Anchor Financial Corporation Myrtle Beach, S.C. | Jan. 10 | June 6 | 303,711 | 3.2 | 21.83 | 495 | 33 | 3,561,888 | 1,206,843 |
22 | Wells Fargo & Co. San Francisco | Brenton Banks Inc. Des Moines, Iowa | July 7 | Dec. 1 | 264,500 | 1.87 | 15.02 | 675 | 44 | 234,159,000 | 1,984,418 |
23 | TrustCo Bank Corp. NY Schenectady | Hudson River Bancorp Hudson, N.Y. | June 26† | Terminated | 261,130 | 1.3 | 27.41 | 319 | 14 | 2,353,653 | 1,149,547 |
24 | NBT Bancorp, Inc. Norwich, N.Y. | BSB Bancorp Binghamton, N.Y. | April 20 | Terminated | 248,003 | 1.57 | 13.34 | 489 | 24 | 2,029,106 | 2,230,864 |
25 | Fifth Third Bancorp Cincinnati | Capital Holdings, Inc. Sylvania, Ohio | Oct. 25 | Pending | 243,666 | 2.44 | 20.44 | 133 | 3 | 44,395,900 | 1,084,667 |
26 | BB&T Corp. Winston-Salem, N.C. | FCNB Corporation Frederick, Md. | July 27 | Jan. 8, 2001 | 216,566 | 2.43 | 19.52 | 567 | 34 | 48,796,118 | 1,593,067 |
27 | FBOP Corp. Oak Park, Ill. | PBOC Holdings, Inc. Los Angeles | Dec. 11 | Pending | 198,762 | 0.93 | 4.79 | 381 | 24 | 5,151,334 | 3,276,687 |
28 | Zions Bancorp Salt Lake City | Eldorado Bancshares Laguna Hills, Calif. | Dec. 14 | Pending | 194,939 | 1.54 | N/M | 530 | 24 | 21,924,319 | 1,262,391 |
29 | New York Community Bancorp Flushing, N.Y. | Haven Bancorp Westbury, N.Y. | June 27 | Nov. 30 | 187,296 | 1.71 | 17.36 | 1,026 | 70 | 1,985,648 | 2,965,912 |
30 | Waypoint Financial Corp. Harrisburg, Pa. | York Financial Corp. York, Pa. | March 28 | Oct. 16 | 178,759 | 1.59 | 17.13 | 422 | 22 | 2,691,400 | 1,650,655 |
31 | Chemical Financial Corp. Midland, Mich. | Shoreline Financial Corp. Benton Harbor, Mich. | Aug. 22* | Jan. 9, 2001 | 173,548 | 2.12 | 13.82 | 338 | 29 | 1,932,378 | 1,053,276 |
32 | Fifth Third Bancorp Cincinnati | Ottawa Financial Corp. Holland, Mich. | Aug. 31 | Dec. 8 | 168,718 | 2 | 16.63 | 287 | 24 | 44,723,932 | 1,084,624 |
33 | Hudson River Bancorp Hudson, N.Y. | Cohoes Bancorp N.Y. | Nov. 24 | Pending | 160,698 | 1.25 | 27.47 | 210 | 21 | 1,173,750 | 739,335 |
34 | U.S. Bancorp Minneapolis | Scripps Financial Corporation San Diego | June 27 | Oct. 13 | 155,229 | 3.26 | 32.1 | 272 | 10 | 83,072,000 | 643,322 |
35 | BB&T Corp. Winston-Salem, N.C. | BankFirst Corporation Knoxville, Tenn. | Aug. 23 | Dec. 27 | 147,024 | 1.61 | 15.56 | 374 | 32 | 48,796,118 | 848,807 |
36 | Fulton Financial Corp. Lancaster, Pa. | Drovers Bancshares York, Pa. | Dec. 27 | Pending | 146,359 | 2.68 | 26.16 | 237 | 17 | 6,478,773 | 755,308 |
37 | Union Planters Corp. Memphis, Tenn. | Jefferson Savings Bancorp Ballwin, Mo. | Sept. 20 | Pending | 146,154 | 1.09 | 12.71 | 362 | 26 | 34,226,813 | 1,634,214 |
38 | TrustCo Bank Corp NY Schenectady | Cohoes Bancorp N.Y. | June 26† | Terminated | 142,421 | 1.18 | 24.4 | 210 | 19 | 2,353,653 | 704,414 |
39 | Huntington Bancshares Columbus, Ohio | Empire Banc Corp. Traverse City, Mich. | Feb. 7 | June 23 | 138,515 | 2.98 | 18.85 | 222 | 12 | 29,036,953 | 505,700 |
40 | Southwest Bancorp of Texas Houston | Citizens Bankers Baytown, Texas | Oct. 17 | Dec. 29 | 135,000 | 3.15 | 24.12 | 223 | 15 | 3,264,452 | 413,744 |
41 | Mutual Savings Bank Milwaukee | First Northern Capital Corp. Green Bay, Wis. | Feb. 22 | Nov. 1 | 132,811 | 1.67 | 17.38 | 230 | 19 | 1,769,506 | 839,623 |
42 | Ambanc Holding Co. Amsterdam, N.Y. | Cohoes Bancorp N.Y. | June 26† | Terminated | 130,552 | 1.08 | 22.36 | 210 | 19 | 721,290 | 704,414 |
43 | Compass Bancshares Birmingham, Ala. | FirsTier Corp. Northglenn, Colo. | Sept. 5 | Jan. 4, 2001 | 128,855 | 4.03 | 16.64 | 259 | 19 | 18,937,492 | 874,850 |
44 | Jackson Federal Bank San Bernardino, Calif. | Highland Bancorp Burbank, Calif. | April 25 | Oct. 2 | 113,510 | 2.14 | 10.27 | 103 | 7 | 337,702 | 667,196 |
45 | Southwest Securities Group, Inc. Dallas | Matrix Bancorp Denver | July 14 | Terminated | 111,990 | 1.57 | 7.8 | 105 | 16 | N/A | 1,127,671 |
46 | Trustmark Corp. Jackson, Miss. | Barret Bancorp Barretville, Tenn. | Dec. 13 | Pending | 102,488 | 1.22 | 13.19 | 165 | 13 | 6,805,556 | 510,221 |
47 | BB&T Corp. Winston-Salem, N.C. | FirstSpartan Financial Corp. Spartanburg, S.C. | Sept. 6 | Pending | 102,148 | 1.44 | 16.83 | 157 | 11 | 48,796,118 | 585,657 |
48 | Glacier Bancorp Kalispell, Mont. | WesterFed Financial Corp Missoula, Mont. | Sept. 20 | Pending | 100,280 | 1.06 | 15.59 | 332 | 27 | 1,023,992 | 945,663 |
49 | Sterling Financial Corp. Lancaster, Pa. | Hanover Bancorp Hanover, Pa. | Jan. 26 | July 27 | 97,289 | 2.94 | 20.26 | 209 | 12 | 1,059,374 | 503,924 |
50 | Hudson River Bancorp Hudson, N.Y. | Cohoes Bancorp N.Y. | April 25* | Terminated | 97,275 | 0.8 | 16.66 | 210 | 19 | 1,149,547 | 704,414 |
51 | BOK Financial Corp. Tulsa, Okla. | CNBT Bancshares Bellaire, Texas | Aug. 21 | Pending | 92,000 | 2.74 | 17.56 | 123 | 8 | 8,819,223 | 423,820 |
52 | United Community Financial Corp. Youngstown, Ohio | Industrial Bancorp Bellevue, Ohio | Dec. 9 | Pending | 91,767 | 1.54 | 15.75 | 99 | 13 | 1,300,246 | 415,676 |
53 | Greater Bay Bancorp Palo Alto, Calif. | Bank of Santa Clara Calif. | Jan. 27 | July 21 | 90,800 | 2.72 | 19.37 | 162 | 10 | 2,624,965 | 326,934 |
54 | Troy Financial Corp. Troy, N.Y. | Catskill Financial Corp N.Y. | June 8 | Nov. 10 | 89,949 | 1.53 | 19.41 | 79 | 6 | 910,095 | 346,102 |
55 | Community Bank System, Inc. DeWitt, N.Y. | First Liberty Bank Corp. Jermyn, Pa. | Nov. 29 | Pending | 87,074 | 1.44 | 17.23 | 205 | 13 | 1,973,581 | 646,661 |
56 | Bradshaw Capital Management Southern Pines, N.C. | First Savings Bancorp Southern Pines, N.C. | Jan. 3† | Terminated | 84,856 | 1.26 | 15.19 | 40 | 5 | N/A | 330,084 |
57 | Zions Bancorp Salt Lake City | Draper Bancorp Utah | Nov. 20 | Pending | 81,500 | 3.15 | 14.06 | 168 | 7 | 21,924,319 | 267,816 |
58 | First Niagara Financial Group Lockport, N.Y. | Iroquois Bancorp Auburn, N.Y. | March 27 | Nov. 3 | 80,273 | 1.97 | 16.32 | 202 | 13 | 1,711,712 | 595,126 |
59 | Compass Bancshares Birmingham, Ala. | Founders Bank of Arizona Scottsdale, Ariz. | April 18 | July 19 | 80,000 | 3.93 | 17.49 | 158 | 10 | 18,466,778 | 382,844 |
60 | SouthBanc Shares Anderson, S.C. | Heritage Bancorp Laurens, S.C. | Feb. 14 | July 31 | 76,976 | 1.14 | 34.57 | 39 | 3 | 366,101 | 334,098 |
61 | First Place Financial Corp. Warren, Ohio | FFY Financial Corp. Youngstown, Ohio | May 24* | Dec. 22 | 72,929 | 1.09 | 9.02 | 184 | 11 | 796,796 | 667,684 |
62 | ULLICO Inc. Washington | Amalgamated Investments Co. Chicago | Aug. 31 | Pending | 72,500 | 1.34 | 12.35 | 198 | 2 | N/A | 599,911 |
63 | F&M National Corp. Winchester, Va. | Atlantic Financial Corp Newport News, Va. | July 6 | Pending | 71,738 | 1.61 | 16.02 | 207 | 15 | 3,288,541 | 387,301 |
64 | Seacoast Financial Services Corp. New Bedford, Mass. | Home Port Bancorp Nantucket, Mass. | July 21 | Dec. 31 | 68,487 | 2.34 | 12.68 | 168 | 4 | 2,341,210 | 339,335 |
65 | Richmond County Financial Corp New York | South Jersey Financial Corp Turnersville, N.J. | March 15 | July 31 | 68,471 | 1.2 | 74.91 | 81 | 3 | 2,892,379 | 334,473 |
66 | Zions Bancorp Salt Lake City | County Bank Prescott, Ariz. | Jan. 10 | July 28 | 66,845 | 3.24 | 16.77 | 125 | 8 | 20,280,900 | 242,310 |
67 | Mercantile Bankshares Corp. Baltimore, Md. | Union National Bancorp Westminster, Md. | Jan. 21 | July 14 | 66,570 | 2.58 | 20.6 | 117 | 11 | 7,895,024 | 302,928 |
68 | Synovus Financial Corp Columbus, Ga. | Carolina Southern Bank Spartanburg, S.C. | Sept. 19 | Pending | 64,092 | 2.72 | 23.53 | 67 | 5 | 13,685,928 | 212,410 |
69 | Whitney Holding Corp. New Orleans | American Bank Houston | Sept. 20 | Pending | 63,638 | 3.58 | 15.93 | 95 | 7 | 5,901,319 | 279,594 |
70 | Bingham Financial Services Corp. Birmingham, Mich. | Franklin Bank, N.A. Southfield, Mich. | March 20* | Terminated | 63,601 | 1.3 | 9.07 | 234 | 4 | N/A | 516,646 |
71 | Wells Fargo & Co. San Francisco | 1st Choice Financial Corp Greeley, Colo. | Feb. 4 | June 13 | 63,000 | 2.11 | 17.05 | 132 | 7 | 218,102,000 | 420,868 |
72 | Financial Institutions, Inc. Warsaw, N.Y. | Bath National Corp. N.Y. | Nov. 2 | Pending | 62,585 | 2.26 | 44.6 | 148 | 11 | 1,261,740 | 287,343 |
73 | First Banks America Inc. Clayton, Mo. | San Francisco Co. | Sept. 22 | Dec. 31 | 60,654 | 2.11 | 9.93 | 62 | 3 | 1,074,157 | 203,029 |
74 | Regions Financial Corp Birmingham, Ala. | First National Bancshares Alexandria, La. | April 4 | Aug. 10 | 58,389 | 2.51 | 11.43 | 124 | 7 | 41,418,403 | 258,042 |
75 | Umpqua Holdings Corp. Roseburg, Ore. | VRB Bancorp Rogue River, Ore. | Aug. 15* | Dec. 1 | 55,714 | 1.6 | 11.33 | 172 | 15 | 411,626 | 326,595 |
76 | Prosperity Bancshares, Inc. Houston | Commercial Bancshares Houston | Nov. 8 | Pending | 53,290 | 2.01 | 17.67 | 145 | 12 | 589,748 | 401,271 |
77 | SouthTrust Corp. Birmingham, Ala. | Bay Bancshares La Porte, Texas | Dec. 11 | Pending | 53,010 | 1.82 | 15.64 | 202 | 10 | 44,326,262 | 332,723 |
78 | Pacific Capital Bancorp Santa Barbara, Calif. | San Benito Bank Hollister, Calif. | Feb. 3 | July 31 | 52,640 | 2.79 | 22.78 | 81 | 3 | 2,879,282 | 200,999 |
79 | Sterling Bancshares Houston | CaminoReal Bancshares of Texas San Antonio | Oct. 24 | Pending | 51,793 | 2.21 | 15.12 | 125 | 8 | 2,042,122 | 286,034 |
80 | Shore Bancshares Centreville, Md. | Talbot Bancshares Easton, Md. | July 26 | Nov. 30 | 50,380 | 1.33 | N/A | 85 | 7 | 201,411 | 324,601 |
81 | Spectrum Bancorp Omaha, Neb. | Great Western Securities Omaha, Neb. | Sept. 28 | Pending | $48,910 | 1.98 | 9.64 | 243 | 13 | $774,114 | $651,120 |
82 | State National Bancshares Lubbock, Texas | Independent Bankshares Abilene, Texas | Feb. 17 | Aug. 11 | 45,473 | 1.79 | 18.55 | 176 | 13 | 839,719 | 358,262 |
83 | SouthTrust Corp. Birmingham, Ala. | Security Bancorp San Antonio | Jan. 20 | April 14 | 44,000 | 2.89 | 49.66 | 109 | 3 | 43,262,512 | 175,397 |
84 | Dickinson Financial Corp. Kansas City, Mo. | Cameron Financial Corp Cameron, Mo. | Oct. 6 | Pending | 43,558 | 1 | 18.81 | 73 | 4 | 2,632,278 | 299,235 |
85 | Bank of Cyprus Ltd. Nicosia | Interbank of New York Astoria, N.Y. | April 18 | Pending | 43,000 | 2.64 | 50.59 | 52 | 4 | N/A | 178,005 |
86 | Frontier Financial Corp. Everett, Wash. | Liberty Bay Financial Corp. Poulsbo, Wash. | March 15 | July 20 | 41,630 | 1.99 | 15.78 | 92 | 8 | 1,245,616 | 179,804 |
87 | Berkshire Bancorp New York | GSB Financial Corp. Goshen, N.Y. | Aug. 16 | Pending | 41,612 | 1.4 | 21.25 | 35 | 3 | 203,645 | 186,866 |
88 | Sound Federal Bancorp Mamaroneck, N.Y. | Peekskill Financial Corp N.Y. | Feb. 17 | July 18 | 41,611 | 1.49 | 27.32 | 24 | 3 | 323,826 | 212,659 |
89 | Humboldt Bancorp Eureka, Calif. | Tehama Bancorp Red Bluff, Calif. | Sept. 20 | Pending | 40,440 | 1.92 | 14.09 | 107 | 6 | 575,311 | 233,392 |
90 | Old Kent Financial Corp. Grand Rapids, Mich. | Home Bancorp Fort Wayne, Ind. | June 16 | Oct. 13 | 40,361 | 1.03 | 13.03 | 87 | 10 | 19,664,874 | 403,492 |
91 | Wachovia Corp. Winston-Salem, N.C. | Commerce National Corp. Winter Park, Fla. | March 3 | June 1 | 40,074 | 2.77 | 25.41 | 58 | 5 | 67,352,537 | 180,202 |
92 | Whitney Holding Corp. New Orleans | Prattville Financial Services Ala. | Aug. 8 | Pending | 39,753 | 1.75 | 26.02 | 79 | 4 | 5,901,319 | 169,239 |
93 | Greater Bay Bancorp Palo Alto, Calif. | Bank of Petaluma Calif. | March 21 | Oct. 13 | 39,688 | 2.51 | 16.24 | 68 | 4 | 2,624,965 | 194,739 |
94 | Heritage Commerce Corp San Jose, Calif. | Western Holdings Bancorp Los Altos, Calif. | May 9 | Oct. 1 | 39,335 | 2.94 | 19.94 | 62 | 4 | 505,605 | 230,074 |
95 | PBOC Holdings, Inc. Los Angeles | BYL Bancorp Orange, Calif. | Nov. 2 | Pending | 38,938 | 1.26 | 18.4 | 284 | 10 | 3,276,687 | 293,974 |
96 | F.N.B. Corp. Hermitage, Pa. | Citizens Community Bancorp Marco Island, Fla. | Dec. 18 | Pending | 38,056 | 2.07 | 43.51 | 59 | 4 | 3,858,345 | 154,418 |
97 | Mercantile Bankshares Baltimore | Bank of Fruitland Md. | June 2 | Nov. 30 | 37,538 | 2.65 | 28.37 | 85 | 7 | 8,071,032 | 139,561 |
98 | BancorpSouth, Inc. Tupelo, Miss. | Texarkana First Financial Corp. Ark. | May 15 | Oct. 31 | 37,513 | 1.31 | 11.21 | 42 | 6 | 5,844,696 | 206,487 |
99 | First South Bancorp Lexington, Tenn. | Bancorp of Huntingdon Tenn. | Aug. 10 | Pending | 36,750 | 1.92 | 18.03 | 90 | 6 | 513,978 | 160,998 |
100 | United Community Banks, Inc. Blairsville, Ga. | North Point Bancshares Dawsonville, Ga. | Feb. 9 | July 26 | 36,413 | 3.81 | 24.26 | 40 | 2 | 2,132,394 | 106,946 |
101 | Warwick Community Bancorp Warwick, N.Y. | GSB Financial Corp. Goshen, N.Y. | April 19† | Terminated | 35,918 | 1.23 | N/A | 35 | 2 | 624,867 | 179,132 |
102 | Fulton Financial Corp. Lancaster, Pa. | Skylands Financial Corp. Hackettstown, N.J. | Feb. 23 | Aug. 1 | 35,293 | 2.13 | 14.2 | 69 | 8 | 6,070,019 | 219,528 |
103 | Enterbank Holdings, Inc. Clayton, Mo. | Commercial Guaranty Bancshares Overland Park, Kan. | Jan. 6 | June 23 | 34,781 | 2.42 | 32.02 | 46 | 3 | 488,001 | 127,338 |
104 | BancFirst Ohio Corp. Zanesville, Ohio | Milton Federal Financial Corp. West Milton, Ohio | Jan. 12 | June 19 | 33,770 | 1.32 | 19.11 | 53 | 2 | 1,274,206 | 259,963 |
105 | Southern Michigan Bancorp Coldwater, Mich. | Sturgis Bank and Trust Co. Minn. | Feb. 15* | Terminated | 33,566 | 1.32 | 16.75 | 98 | 13 | 275,825 | 251,596 |
106 | First Merchants Corp. Muncie, Ind. | Decatur Financial, Inc. Decatur, Ind. | Jan. 21 | May 31 | 33,384 | 2.35 | 18.01 | 38 | 3 | 1,474,048 | 128,131 |
107 | Farmers National Banc Corp. Canfield, Ohio | Security Financial Corp. Niles, Ohio | May 30 | Nov. 30 | 32,560 | 2.29 | 53.03 | 100 | 6 | 436,910 | 171,155 |
108 | Pacific Capital Bancorp Santa Barbara, Calif. | Los Robles Bancorp Thousand Oaks, Calif. | March 23 | June 30 | 32,500 | 2.45 | 13.88 | 66 | 2 | 2,879,282 | 148,879 |
109 | United Community Banks, Inc. Blairsville, Ga. | Independent Bancshares Powder Springs, Ga. | Feb. 10 | July 26 | 32,363 | 2.38 | 19.24 | 54 | 3 | 2,132,394 | 145,094 |
110 | Colorado Business Bankshares Denver | First Capital Bank of Arizona Phoenix, Ariz. | Oct. 24 | Pending | 31,188 | 2.7 | 24.37 | 29 | 2 | 610,291 | 94,583 |
111 | Provident Bankshares Corp. Baltimore, Md. | Harbor Federal Bancorp Baltimore | May 4 | Aug. 31 | 31,164 | 1.17 | 14.69 | 43 | 9 | 5,247,507 | 253,112 |
112 | Integra Bank Corp. Evansville, Ind. | Webster Bancorp Clay, Ky. | July 5 | Pending | 30,094 | 1.47 | 12.01 | 105 | 7 | 2,468,199 | 293,247 |
113 | First Banks America Inc. Clayton, Mo. | Commercial Bank of San Francisco | June 28 | Oct. 31 | 29,500 | 1.83 | 27.54 | 45 | 1 | 1,062,288 | 176,564 |
114 | Commerce Bancshares Kansas City, Mo. | Breckenridge Bancshares St. Ann, Mo. | Oct. 26 | Pending | 29,147 | 1.96 | 13.95 | 72 | 3 | 10,963,581 | 255,186 |
115 | MutualFirst Financial, Inc. Muncie, Ind. | Marion Capital Holdings Ind. | June 8* | Dec. 8 | 27,534 | 0.87 | 10.67 | 49 | 3 | 543,457 | 199,194 |
116 | Boiling Springs Bancorp Rutherford, N.J. | Ridgewood Financial N.J. | Sept. 21† | Pending | 26,903 | 2.27 | 15.43 | 44 | 2 | 636,799 | 286,378 |
117 | Commonwealth Bancshares Shelbyville, Ky. | Commonwealth Financial Corp. Louisville, Ky. | Jan. 7 | May 31 | 26,878 | 1.5 | 10.7 | 124 | 6 | 179,115 | 254,496 |
118 | IBT Bancorp Mt. Pleasant, Mich. | FSB Bancorp Breckenridge, Mich. | April 7 | Aug. 10 | 26,253 | 2.44 | 20.46 | 49 | 4 | 401,110 | 99,713 |
119 | Allegiant Bancorp St. Louis | Equality Bancorp St. Louis | July 26 | Nov. 15 | 25,563 | 1.22 | 21.92 | 135 | 7 | 827,182 | 329,135 |
120 | Community Banks, Inc. Millersburg, Pa. | Glen Rock State Bank Pa. | Nov. 8 | Pending | 25,500 | 1.63 | 17.13 | 64 | 5 | 1,109,023 | 186,732 |
121 | PSB Bancorp Philadelphia | Jade Financial Corp. Feasterville, Pa. | Nov. 2 | Pending | 25,378 | 0.92 | 50.45 | 327 | 4 | 266,311 | 214,876 |
122 | Northeast Pennsylvania Financial Corp Hazelton, Pa. | Security of Pennsylvania Financial Hazleton, Pa. | June 2 | Nov. 10 | 23,745 | 1.58 | 24.73 | 40 | 3 | 669,576 | 131,650 |
123 | SouthTrust Corp. Birmingham, Ala. | Irving National Bancshares Texas | Dec. 7 | Pending | 23,733 | 2.96 | 17.58 | 57 | 5 | 44,326,262 | 109,609 |
124 | Wells Fargo & Co. San Francisco | Buffalo National Bancshares Minn. | May 25 | Sept. 28 | 23,617 | 1.84 | 18.64 | 49 | 4 | 222,276,000 | 107,955 |
125 | Heritage Group, Inc. Aurora, Neb. | City National Bank and Trust Company Hastings, Neb. | May 8 | July 14 | 23,192 | 1.9 | 10.23 | 68 | 2 | 193,625 | 198,915 |
126 | Citizens & Northern Corp. Wellsboro, Pa. | Peoples Ltd. Wyalusing, Pa. | June 22 | Terminated | 22,824 | 1.72 | 16.68 | 52 | 7 | 704,151 | 120,553 |
127 | Provident Savings Bank Jersey City, N.J. | Ridgewood Financial N.J. | Aug. 29 | Terminated | 22,419 | 1.89 | 12.85 | 44 | 4 | 2,675,919 | 286,378 |
128 | Community Bank System, Inc. DeWitt, N.Y. | Citizens National Bank of Malone Malone, N.Y. | Sept. 13 | Pending | 22,372 | 1.83 | 20.19 | 62 | 5 | 1,931,222 | 115,214 |
129 | SouthTrust Corp. Birmingham, Ala. | First Bank Holding Company Tallahassee, Fla. | Sept. 28 | Dec. 15 | 22,280 | 2.51 | 19.55 | 39 | 5 | 44,344,503 | 99,782 |
130 | Whitney Holding Corp. New Orleans | First Ascension Bancorp Gonzales, La. | Sept. 5 | Nov. 2 | 22,100 | 2.45 | 20.11 | 58 | 4 | 5,901,319 | 92,886 |
131 | First Interstate BancSystem Billings, Mont. | Equality Bankshares Cheyenne, Wyo. | May 23 | Aug. 1 | 22,079 | 2.52 | 13.17 | 49 | 4 | 2,678,596 | 94,252 |
132 | PL Capital, LLC Oak Brook, Ill. | Wells Financial Corp. Minn. | Dec. 15† | Pending | 22,076 | 0.98 | 12.93 | 66 | 9 | N/A | 217,518 |
133 | First Bancorp Troy, N.C. | Century Bancorp Thomasville, N.C. | Oct. 20 | Pending | 21,658 | 1.19 | 25.78 | 11 | 2 | 928,820 | 102,376 |
134 | Vail Banks, Inc. Colo. | Estes Bank Corp. Estes Park, Colo. | March 22 | July 14 | 21,500 | 2.65 | 12.35 | 28 | 2 | 464,962 | 82,578 |
135 | United Bancshares Columbus Grove, Ohio | Delphos Citizens Bancorp Ohio | Aug. 28 | Pending | 20,706 | 0.8 | 13.49 | 17 | 2 | 249,396 | 133,099 |
136 | First Banks America Inc. Clayton, Mo. | Millennium Bank San Francisco | Aug. 24 | Dec. 29 | 20,700 | 1.71 | 15.8 | 36 | 2 | 1,074,157 | 104,501 |
137 | National Penn Bancshares Boyertown, Pa. | Panasia Bank Fort Lee, N.J. | Feb. 14 | July 11 | 20,410 | 2.11 | 16.53 | 45 | 2 | 2,242,432 | 100,097 |
138 | Citco Community Bancshares Elizabethton, Tenn. | Twin City Bancorp Bristol, Tenn. | July 19 | Nov. 20 | 20,186 | 1.38 | 16.7 | 51 | 4 | 405,999 | 123,911 |
139 | NewMil Bancorp New Milford, Conn. | Nutmeg Federal Savings and Loan Association Danbury, Conn. | May 31 | Nov. 10 | 19,844 | 1.76 | 14.32 | 44 | 4 | 383,719 | 121,889 |
140 | James G. Fitzgerald Inverness, Ill. | Southern Wisconsin Bancshares Corp. Mineral Point, Wis. | Aug. 17 | Pending | 18,841 | 2.04 | 8.91 | 41 | 6 | N/A | 114,138 |
141 | Regions Financial Corp Birmingham, Ala. | Heritage Bancorp Hutto, Texas | April 10 | Aug. 8 | 18,600 | 3.41 | 18.11 | 60 | 6 | 41,418,403 | 102,680 |
142 | Lincoln Bancorp Plainfield, Ind. | Citizens Bancorp Frankfort, Ind. | March 21 | Sept. 26 | 18,032 | 1.5 | 21.56 | 13 | 0 | 410,885 | 62,967 |
143 | MetLife, Inc. New York | Grand Bancorp Kingston, N.J. | Aug. 16 | Pending | 17,186 | 2.36 | N/M | 12 | 0 | N/A | 80,265 |
144 | Capital City Bank Group, Inc. Tallahassee, Fla. | First Bankshares of West Point Ga. | Sept. 26 | Pending | 16,910 | 1.09 | 31.73 | 64 | 4 | 1,481,265 | 146,070 |
145 | Peoples Community Bancorp Lebanon, Ohio | Market Financial Corp Mt. Healthy, Ohio | Sept. 19 | Pending | 16,789 | 1.23 | 30.43 | 11 | 1 | 310,765 | 55,742 |
146 | Westamerica Bancorp San Rafael, Calif. | First Counties Bank Clearlake, Calif. | March 15 | Aug. 17 | 16,723 | 1.84 | 16.79 | 55 | 5 | 3,893,187 | 90,656 |
147 | Rancho Santa Fe National Bank Rancho Santa Fe, Calif. | Professional Bancorp Santa Monica, Calif. | Aug. 7 | Pending | 16,326 | 1.09 | N/M | 121 | 7 | 201,821 | 268,403 |
148 | Andover Bancorp Andover, Mass. | GBT Bancorp Gloucester, Mass. | Jan. 27 | July 1 | 16,223 | 1.95 | 19.5 | 42 | 1 | 1,491,054 | 130,919 |
149 | Bank of Montreal | Century Bank Scottsdale, Ariz. | Sept. 14 | Dec. 15 | 16,207 | 2.6 | 47.11 | 21 | 3 | 28,674,001 | 60,732 |
150 | Dickinson Financial Corp. Kansas City, Mo. | Hardin Bancorp Mo. | Oct. 26 | Pending | 15,909 | 1.25 | 12.4 | 36 | 3 | 2,632,278 | 143,325 |
Totals and averages for the top 150 merger deal announcements in 2000 | $96,385,975 | 2.03 | 19.41 | 118,786 | 6,344 | $3,431,160,897 | $597,951,308 | ||||
Totals and averages for all 328 merger deal announcements in 2000 | $97,332,970 | 1.83 | 19.02 | 122,323 | 6,614 | $3,632,829,540 | $605,835,186 |
* Merger-of-equals transaction.
† Hostile/unsolicited transaction.
N/A = not available; N/M = not meaningful
Source: Thomson Financial Sheshunoff Information Services
© 2001 American Banker