Top 150 Bank Merger Deals Announced in 2000 Published February 12, 2001
February 12, 2001, 10:08 a.m. EST 1 Min Read
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Top 150 Bank Merger Deals Announced in 2000 Published February 12, 2001
Published February 12, 2001 |
Buyer | Target | Announced Date | Completion Date or status | Branches sold | Deposits | Premium | Branch | |
1 | BancWest Corp. Honolulu | Zions Bancorp Salt Lake City | Jan. 18 | Terminated | 68 | $2,100,000 | 9.80% | Utah, Ind. |
2 | Firstar Corp. Milwaukee | First Union Corp. Charlotte, N.C. | 31-Jul | Dec. 9 | 41 | 1,700,000 | N/A | Tenn. |
3 | BancWest Corp. Honolulu | Wells Fargo & Co. San Francisco | Sept. 14 | Pending | 30 | 1,167,423 | 10.5 | N.M., Nev. |
4 | Citigroup New York | Bank of Tokyo-Mitsubishi, Ltd. New York | 1-May | 28-Jul | 1 | 1,119,618 | N/A | N.Y. |
5 | Zions Bancorp Salt Lake City | Pacific Century Financial Corp. Honolulu | Dec. 27 | Pending | 9 | 400,000 | N/A | Ariz. |
6 | F & M National Corp. Winchester, Va. | Wachovia Corp. Winston-Salem, N.C. | 4-May | Aug. 25 | 15 | 302,000 | 7.61 | Va. |
7 | First Citizens Bancorp of SC Columbia, S.C. | First Union Corp. Charlotte, N.C. | Sept. 8 | Dec. 15 | 7 | 217,000 | N/A | S.C. |
8 | Glacier Bancorp Kalispell, Mont. | Wells Fargo & Co. San Francisco | Sept. 14 | Pending | 7 | 187,000 | 11.23 | Ind, Utah |
9 | Integra Bank Corp. Evansville, Ind. | AmSouth Bancorp Birmingham, Ala. | Aug. 11 | Nov. 16 | 4 | 185,000 | 12.22 | Ky. |
10 | First Citizens BancShares Raleigh, N.C. | First Union Corp. Charlotte, N.C. | Sept. 12 | Dec. 15 | 6 | 166,187 | 11.78 | N.C.,Va. |
11 | FirstFed Financial Corp. Santa Monica, Calif. | Bank Plus Corp. Los Angeles | Feb. 8 | 31-Mar | 2 | 165,500 | 6.28 | Calif. |
12 | Jackson Federal Bank San Bernardino, Calif. | Bank Plus Corp. Los Angeles | Feb. 8 | 31-Mar | 3 | 165,000 | N/A | Calif. |
13 | Regions Financial Corp Birmingham, Ala. | AmSouth Bancorp Birmingham, Ala. | 10-Mar | 12-May | 5 | 158,051 | N/A | Ark. |
14 | Pinnacle Bancorp Central City, Neb. | Adbanc Ogallala, Neb. | Oct. 19 | Pending | 4 | 148,531 | 8.27 | Colo. |
15 | Centura Banks Rocky Mount, N.C. | Wachovia Corp. Winston-Salem, N.C. | 4-May | Sept. 21 | 4 | 138,300 | 15.62 | N.C.,Va. |
16 | First American Bank Group Fort Dodge, Iowa | Wells Fargo & Co. San Francisco | Oct. 18 | Pending | 3 | 132,400 | N/A | Iowa |
17 | Northwest Bancorp Warren, Pa. | Sovereign Bancorp Wyomissing, Pa. | 19-Apr | Nov. 6 | 9 | 127,000 | N/A | Pa. |
18 | Temple-Inland Inc. Diboll, Tex. | Fremont Investment and Loan Anaheim, Calif. | 13-Jul | Pending | 1 | 124,984 | N/A | Calif. |
19 | Community Trust Bancorp Pikeville, Ky. | Premier Financial Bancorp Georgetown, Ky. | Nov. 9 | Pending | 4 | 115,000 | 9.5 | Ky. |
20 | Hibernia Corp. New Orleans | Compass Bancshares Inc. Birmingham, Ala. | 23-Mar | 22-Jun | 3 | 114,900 | 11.92 | Tex. |
21 | American State Financial Corp Lubbock, Tex. | Chase Manhattan Corp. New York | 25-Jul | Nov. 17 | 1 | 114,169 | N/A | Tex. |
22 | Metropolitan Bank Group Chicago | Argo Bancorp Summit, Ill. | Aug. 17 | Nov. 18 | 3 | 113,585 | 8.11 | Ill. |
23 | Capital City Bank Group Tallahassee, Fla. | First Union Corp. Charlotte, N.C. | Oct. 5 | Pending | 5 | 109,000 | 11.93 | Ga. |
24 | U.S.B. Holding Co. Orangeburg, N.Y. | La Jolla Bank, FSB La Jolla, Calif. | 26-May | Nov. 30 | 2 | 108,000 | 6.8 | Conn., N.Y. |
25 | First Charter Corp. Concord, N.C. | First Union Corp. Charlotte, N.C. | Aug. 29 | Nov. 17 | 4 | 107,000 | N/A | N.C. |
Totals and averages for the top 25 | 241 | $9,485,648 | 10.11% | |||||
Totals and averages for all 164 | 495 | $13,723,309 | 8.22% |
© 2001 American Banker