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Top 150 Bank Merger Deals Announced in 2001

February 12, 2002, 10:08 a.m. EST 1 Min Read
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Top 150 Bank Merger Deals Announced in 2001
Industry :
Top 150 Bank Merger Deals Announced in 2001

Buyer 

Target 

Announced 

Closed (or status)

Price ($000) 

Price to equity 

Price to 12-mo net 

Target's Employees 

Targets Branches 

Buyer's assets ($000) 

Target's assets
1 SunTrust Banks Inc.† Atlanta Wachovia Corp.† Winston-Salem, N.C. 14-May Terminated $14,866,866 2.14 17.74 21,069 832 $103,726,385 $75,606,028
2 First Union Corp.* Charlotte, N.C. Wachovia Corp.* Winston-Salem, N.C. 16-Apr Sept. 1 13,506,462 1.95 16.17 21,069 832 252,949,000 75,606,028
3 Washington Mutual Inc. Seattle Dime Bancorp New York 25-Jun Jan. 4, ’02 5,148,125 2.92 29.34 6,476 123 219,925,000 27,050,041
4 BNP Paribas Paris BancWest Corp. Honolulu 6-May Dec. 19 2,443,867 2.13 19.07 5,281 229 NA 19,419,452
5 BNP Paribas Paris United California Bank Los Angeles Dec. 8 Pending 2,400,000 2.64 17.8 NA 117 NA 9,116,824
6 Royal Bank of Canada Toronto Centura Banks Inc. Rocky Mount, N.C. Jan. 26 5-Jun 2,314,467 2.4 23.25 3,423 245 NA 11,482,009
7 Citigroup Inc. New York European American Bank Uniondale, N.Y. Feb. 12 17-Jul 1,950,000 2.72 11.18 2,210 97 902,210,000 15,426,819
8 BB&T Corp. Winston-Salem, N.C. F & M National Corp. Winchester, Va. Jan. 24 Aug. 9 1,157,308 3.06 21.72 1,623 138 59,340,228 3,568,780
9 New York Community Bancorp Inc.* Flushing Richmond County Financial Corp.* New York 27-Mar 31-Jul 782,044 2.35 19.97 549 35 4,710,785 3,213,063
10 BB&T Corp. Winston-Salem, N.C. AREA Bancshares Corp. Owensboro, Ky. Nov. 8 Pending 449,433 1.46 13.62 1,062 72 70,309,046 2,945,953
11 F.N.B. Corp. Naples, Fla. Promistar Financial Corp. Johnstown, Pa. 14-Jun Pending 426,816 2.13 22.78 844 72 4,005,876 2,056,106
12 BB&T Corp. Winston-Salem, N.C. Mid-America Bancorp Louisville, Ky. Nov. 8 Pending 372,347 1.88 NA 618 30 70,309,046 1,757,168
13 Banknorth Group Inc. Portland, Maine Andover Bancorp Inc. Andover, Mass. 11-Jun Oct. 31 339,388 2.01 15.53 318 19 18,252,131 1,799,001
14 Marshall & Ilsley Corp. Milwaukee National City Bancorp. Minneapolis 30-Apr Aug. 1 249,980 1.48 13.97 267 5 26,154,545 1,203,772
15 Charter One Financial Inc. Cleveland Alliance Bancorp Hinsdale, Ill. Jan. 23 2-Jul 241,301 1.39 11.6 552 19 32,971,427 2,022,670
16 Bank of Montreal Toronto First National Bancorp Inc. Joliet, Ill. 2-Mar 13-Jul 219,840 2.29 19.11 366 20 29,309,122 1,067,781
17 Fifth Third Bancorp Cincinnati USB Inc. Milwaukee Feb. 21 29-Jun 217,491 NA NA 400 2 45,857,000 148,567
18 UNB Corp.* Canton, Ohio BancFirst Ohio Corp.* Zanesville, Ohio Sept. 6 Pending 215,455 1.91 13.81 399 27 1,078,695 1,520,960
19 Associated Banc-Corp. Green Bay, Wis. Signal Financial Corp. Mendota Heights, Minn. Sept. 10 Pending 193,697 1.98 20.27 346 10 13,212,289 1,089,728
20 BB&T Corp. Winston-Salem, N.C. Virginia Capital Bancshares Inc. Fredericksburg, Va. Jan. 24 27-Jun 175,581 1.11 21.54 63 4 59,340,228 532,675
21 North Fork Bancorp. Melville, N.Y. Commercial Bank of New York Feb. 13 Nov. 9 175,191 1.68 17.22 268 15 14,840,962 1,526,079
22 MB Financial Inc.* Chicago MidCity Financial Corp.* 20-Apr Nov. 6 174,820 0.9 11.06 483 26 1,497,990 1,834,009
23 Greater Bay Bancorp Palo Alto, Calif. SJNB Financial Corp. San Jose, Calif. 26-Jun Oct. 23 174,460 2.37 14.27 109 7 5,406,246 648,149
24 BankAtlantic Bancorp Inc. Fort Lauderdale, Fla. Community Savings Bankshares Inc. N Palm Beach, Fla. Sept. 10 Pending 171,201 1.42 29.33 242 21 4,756,097 948,347
25 Sovereign Bancorp Inc. Philadelphia Main Street Bancorp Inc. Reading, Pa. 17-Jul Pending 171,118 1.91 43.06 516 42 34,391,100 1,604,213
26 Banknorth Group Inc. Portland, Maine MetroWest Bank Framingham, Mass. 11-Jun Oct. 31 166,274 2.63 15.29 235 19 18,252,131 914,420
27 Marshall & Ilsley Corp. Milwaukee Richfield State Agency Inc. Richfield, Minn. Nov. 19 Pending 156,947 2.11 15.9 263 7 27,326,646 760,156
28 American Financial Holdings Inc. New Britain, Conn. American Bank of Connecticut Waterbury, Conn. 19-Jul Pending 153,733 1.82 12.76 165 17 1,900,534 936,358
29 United National Bancorp Bridgewater, N.J. Vista Bancorp Inc. Phillipsburg, N.J. Nov. 20 Pending 151,835 2.53 19.4 224 16 1,943,624 698,772
30 FBOP Corp. Oak Park, Ill. Bank Plus Corp. Los Angeles 4-Jun Dec. 31 146,366 2.02 NA 654 30 5,637,276 2,192,604
31 NBT Bancorp Inc. Norwich, N.Y. CNB Financial Corp. Canajoharie, N.Y. 19-Jun Nov. 8 137,911 2.1 20.13 351 29 2,580,657 964,364
32 BB&T Corp. Winston-Salem, N.C. Community First Banking Co. Carrollton, Ga. 10-Jul Dec. 12 128,000 2.72 26.28 170 12 64,733,769 540,006
33 National Commerce Financial Corp. Memphis SouthBanc Shares Inc. Anderson, S.C. 16-Jul Nov. 16 124,835 1.5 90.48 161 11 17,952,690 659,931
34 Allegiant Bancorp Inc. St. Louis Southside Bancshares Corp. St Louis 1-May Sept. 28 123,874 1.66 18.85 276 23 1,143,152 772,658
35 SouthTrust Corp. Birmingham, Ala. CENIT Bancorp Inc. Norfolk, Va. 4-May Aug. 3 121,576 2.22 19.81 274 19 45,957,237 664,815
36 Prosperity Bancshares Inc.† Houston FVNB Corp.† Victoria, Tex. 7-May Terminated 121,024 1.68 14.04 328 13 1,169,731 749,771
37 SouthTrust Corp. Birmingham, Ala. Community Bankshares Inc. Richmond, Va. 29-Jun Nov. 30 117,844 2.76 19.48 170 13 45,957,237 406,639
38 Boston Private Financial Holdings Boston Borel Bank & Trust Co. San Mateo, Calif. 27-Jun Nov. 30 113,976 3.69 17.14 72 2 1,009,553 358,758
39 First Merchants Corp. Muncie, Ind. Lafayette Bancorp. Lafayette, Ind. Oct. 15 Pending 112,724 1.87 15.07 300 24 1,761,671 747,553
40 City National Corp. Beverly Hills Civic BanCorp Oakland, Calif. Nov. 19 Pending 110,708 1.82 18.44 154 10 9,786,074 510,280
41 Connecticut Bancshares Inc. Manchester First Federal S&L Assoc. of E Hartford Conn. Feb. 8 Aug. 31 109,816 1.21 14.25 204 12 1,403,311 1,121,550
42 First Virginia Banks Inc. Falls Church James River Bankshares Inc. Suffolk, Va. 5-Mar 2-Jul 109,762 1.96 18.79 280 27 9,516,469 516,125
43 Hanmi Financial Corp. Los Angeles California Center Bank Los Angeles 9-May Terminated 105,793 2.18 11.58 208 5 1,069,684 475,889
44 R&G Financial Corp. San Juan, P.R. Crown Group Inc. Casselberry, Fla. Dec. 19 Pending 105,000 1.35 NA 185 14 4,298,044 622,343
45 Synovus Financial Corp. Columbus, Ga. FABP Bancshares Inc. Pensacola, Fla. 29-Jun Dec. 13 100,000 3.74 21.55 71 7 15,181,807 301,355
46 Hudson River Bancorp Inc. Hudson, N.Y. Ambanc Holding Co. Inc. Amsterdam, N.Y. Sept. 4 Pending 99,760 1.23 25.01 218 16 1,886,366 711,095
47 International Bancshares Corp. Laredo, Tex. National Bancshares Corp. of Texas San Antonio 31-Jul Dec. 31 97,554 1.42 16.88 265 16 5,811,952 595,307
48 Virginia Financial Corp.* Staunton Virginia Commonwealth Fin. Corp.* Culpeper 13-Jun Pending 89,325 1.71 17.94 189 14 495,855 465,833
49 Wells Fargo & Co. San Francisco Tejas Bancshares Inc. Amarillo, Tex. Dec. 13 Pending 82,542 1.51 11.37 116 6 298,100,000 362,599
50 First National of Nebraska Inc. Omaha Castle BancGroup Inc. Dekalb, Ill. Sept. 11 Pending 81,700 1.73 13.81 216 11 9,467,446 578,963
51 F.N.B. Corp. Naples, Fla. Central Bank Shares Inc. Orlando Nov. 7 Pending 80,000 3.41 18.44 98 7 4,062,977 231,987
52 United Parcel Service Inc. Atlanta First International Bancorp Hartford, Conn. Jan. 16 Aug. 7 78,514 1.31 13.54 222 3 NA 362,228
53 WesBanco Inc. Wheeling, W.Va. American Bancorp. Wheeling, W.Va. Feb. 22 Pending 74,017 1.82 15.73 196 22 2,310,137 705,216
54 Firstfed America Bancorp Inc. Swansea, Mass. People’s Bancshares Inc. New Bedford, Mass. Oct. 1 Pending 72,961 1.88 16.4 337 12 1,746,680 928,492
55 Atlantic Bank of New York Yonkers Financial Corp. N.Y. Nov. 14 Pending 69,295 1.59 18.22 104 9 2,016,051 550,057
56 MAF Bancorp Clarendon Hills, Ill. Mid Town Bancorp Inc. Chicago 2-Jul Nov. 30 69,000 2.19 14.54 96 5 5,228,930 330,796
57 SouthTrust Corp. Birmingham, Ala. Bank of Tidewater Virginia Beach Aug. 31 Nov. 20 68,604 3.18 20.32 174 10 46,534,992 295,451
58 Dakota Bancshares Inc. Mendota Heights, Minn. Midway National Bank of St. Paul Oct. 10 Pending 68,000 1.21 15.13 188 4 179,238 421,879
59 Colonial BancGroup Inc. Montgomery, Ala. Mercantile Bancorp Inc. Dallas Nov. 30 Pending 67,000 2.54 NA 77 5 12,489,020 224,684
60 United Bankshares Inc. Charleston, W.Va. Century Bancshares Inc. Washington 14-Jun Dec. 7 66,620 2.52 NA 108 11 4,984,804 415,483
61 Marshall & Ilsley Corp. Milwaukee Century Banchsares Inc. Eden Prairie, Minn. Dec. 4 Pending 66,000 2.37 16.32 84 3 27,326,646 328,641
62 BankFinancial Corp. Olympia Fields, Ill. Success Bancshares Inc. Lincolnshire, Ill. 21-May Nov. 17 65,613 1.53 31.59 160 7 1,212,610 592,123
63 Mid-State Bancshares Arroyo Grande, Calif. Americorp Ventura, Calif. 9-Apr Sept. 28 64,137 2.29 16.2 110 8 1,444,927 281,168
64 Umpqua Holdings Corp. Portland, Ore. Independent Financial Network Inc. Coos Bay, Ore. 22-Jun Dec. 30 55,069 1.6 22.64 196 16 797,238 389,566
65 Colonial BancGroup Inc. Montgomery, Ala. Manufacturers Bancshares Inc. Tampa 18-Jun Oct. 25 54,482 2.76 19.56 92 5 12,149,037 290,633
66 Security National Servicing Corp.† Eureka, Calif. Wilshire Financial Services Group† Portland, Ore. 4-Apr Terminated 54,366 0.57 18.83 332 7 NA 712,774
67 Chittenden Corp. Burlington, Vt. Ocean National Corp. Kennebunk, Maine Oct. 5 Pending 53,250 2.42 16.47 99 11 4,035,291 258,304
68 Capital Bank Corp. Raleigh, N.C. First Community Financial Corp. Burlington, N.C. Oct. 5 Pending 51,680 1.11 58.47 61 4 391,212 211,031
69 Great Southern Bancorp Inc.† Springfield, Mo. Guaranty Federal Bancshares Inc.† Springfield, Mo. Aug. 22 Terminated 51,003 1.21 18.04 108 5 1,188,104 374,093
70 Chittenden Corp. Burlington, Vt. Maine Bank Corp. Portland, Maine Jan. 26 30-Apr 49,250 1.78 14.16 177 15 3,769,861 236,239
71 Regions Financial Corp. Birmingham, Ala. Park Meridian Financial Corp. Charlotte, N.C. 27-Jun Nov. 13 49,030 2.01 17.84 52 3 46,143,235 283,833
72 First Banks America Inc. Clayton, Mo. BYL Bancorp Orange, Calif. 22-Jun Oct. 31 48,962 1.59 32.11 214 9 2,666,405 278,731
73 Hancock Holding Co. Gulfport, Miss. Lamar Capital Corp. Purvis, Miss. Jan. 31 1-Jul 47,379 1.29 16.65 155 9 3,013,430 415,495
74 Texas Regional Bancshares McAllen, Tex. Riverway Holdings Inc. Houston Sept. 17 Pending 47,297 1.49 10.56 92 2 2,501,672 677,022
75 UnionBanCal Corp. San Francisco First Western Bank Simi Valley, Calif. Dec. 19 Pending 44,613 2.31 14.8 155 7 35,239,224 200,138
76 Zions Bancorp. Salt Lake City Minnequa Bancorp Inc. Pueblo, Col. 10-Jul Nov. 9 $43,574 1.87 17.66 191 6 $23,487,799 $319,920
77 Texas Financial Bancorp. Minneapolis First National Bank of Texas Decatur Jan. 26 31-May 43,493 1.61 10.22 111 7 2,503,360 335,011
78 FNB Corp. Christiansburg, Va. Salem Community Bankshares Va. Aug. 1 Pending 43,051 2.13 16.33 92 7 699,952 239,079
79 Northwest Bancorp Inc. Warren, Pa. Leeds Federal Bankshares Baltimore Aug. 16 Pending 42,968 2.89 13.74 38 2 3,852,831 378,500
80 Anchor BanCorp Wisconsin Inc. Madison, Wis. Ledger Capital Corp. Glendale, Wis. 15-Jun Nov. 9 42,679 1.11 15.3 86 6 3,127,474 507,113
81 MB Financial Inc. Chicago FSL Holdings Inc. S Holland, Ill. Feb. 9 15-May 41,305 1.27 20.18 44 2 1,458,248 218,938
82 Investor Group Inverness, Ill. First Bancorp of Durango Col. 22-Jun Sept. 19 40,911 1.77 12.91 94 5 NA 204,614
83 Macatawa Bank Corp. Holland, Mich. Grand Bank Financial Corp. Grand Rapids, Mich. Nov. 21 Pending 40,822 2.4 16.28 52 1 633,799 227,587
84 American National Corp. Omaha Quick Bancorp Inc. Council Bluffs, Iowa Aug. 22 Pending 40,352 2.28 12.08 101 7 713,198 261,313
85 Hasten Bancshares Indianapolis Harrington Financial Group Richmond, Ind. 30-May Pending 40,000 2.21 14.52 84 7 1,222,800 447,895
86 Promistar Financial Corp. Johnstown, Pa. FNH Corp. Irwin, Pa. Feb. 25 Aug. 14 39,868 1.27 18.87 111 11 2,070,338 303,798
87 SouthTrust Corp. Birmingham, Ala. Landmark Bancshares Inc. Euless, Tex. Dec. 14 Pending 38,880 2.83 NA 47 3 47,267,906 176,775
88 Washington Trust Bancorp Westerly, R.I. First Financial Corp. Providence, R.I. Nov. 13 Pending 38,840 2.1 18.29 48 4 1,355,780 174,148
89 Gaston Federal Bancorp Inc. Gastonia, N.C. Innes Street Financial Corp. Salisbury, N.C. 16-Jul Dec. 31 37,935 1.36 31.14 40 1 265,854 215,223
90 Royal Bancshares of Pennsylvania Narberth Crusader Holding Co. Philadelphia 13-Mar 22-Jun 37,300 0.97 4.24 58 2 630,081 406,349
91 Whitney Holding Corp. New Orleans Redstone Financial Inc. Houston 25-Jun Oct. 26 37,293 2.52 NA 80 6 6,769,959 192,904
92 GB&T Bancshares Inc. Gainesville, Ga. Community Trust Finanical Services Hiram, Ga. Feb. 2 30-Jun 37,049 2.16 32.1 65 6 355,856 156,549
93 Parkvale Financial Corp. Monroeville, Pa. Second National Bank Masontown, Pa. 30-Jul Pending 36,800 1.5 15.31 82 5 1,407,864 195,782
94 First Community Bancorp Rancho Santa Fe, Calif. Pacific Western National Bank Brea, Calif. Aug. 22 Pending 36,633 1.84 17.02 81 4 619,670 233,131
95 First Banks Inc. St. Louis Plains Financial Corp. Des Plaines, Ill. Aug. 2 Pending 36,500 1.55 12.51 59 5 5,904,203 255,479
96 Pulaski Financial Corp.† St Louis First Bancorp of Indiana Inc.† Evansville Jan. 30 Terminated 35,924 0.98 27.84 49 4 279,034 173,580
97 MB Financial Inc. Chicago First Lincolnwood Corp. Ill. Dec. 27 Pending 35,000 2 22.6 71 3 1,660,016 250,034
98 Sterling Bancshares Inc. Houston, Tex. Community Bancshares Inc. Katy, Tex. Oct. 2 Dec. 17 34,000 4.76 11.76 32 2 2,540,553 113,962
99 First Financial Corp. Terre Haute, Ind. Community Financial Corp. Olney, Ill. 30-Mar Pending 33,390 0.99 NA 120 17 2,043,267 277,697
100 Regions Financial Corp. Birmingham, Ala. First Bancshares of Texas Tomball TAug. 13 Nov. 30 32,755 2.5 26.22 79 7 45,139,089 169,253
101 Sterling Bancshares Inc. Houston Lone Star Bancorp. Inc. Houston 1-Mar Aug. 23 31,570 3.56 24.95 67 4 1,925,131 152,282
102 Camco Financial Corp. Cambridge, Ohio Columbia Financial of Kentucky Inc. Fort Mitchell 5-Jun Nov. 15 30,171 1.03 53.76 36 7 1,032,595 108,354
103 Chemical Financial Corp. Midland, Mich. Bank West Financial Corp. Grand Rapids, Mich. 1-May Sept. 14 30,046 1.21 19.38 75 5 3,071,303 278,936
104 Business Bancorp* San Bernardino, Calif. MCB Financial Corp.* San Rafael, Calif. Aug. 15 Dec. 31 29,789 1.96 8.35 61 6 340,113 226,280
105 Community First Banking Co. Carrollton, Ga. First Deposit Bancshares Inc. Douglasville, Ga. Jan. 18 23-May 29,670 1.18 19.8 49 3 394,506 141,422
106 First Merchants Corp. Muncie, Ind. Francor Financial Inc. Wabash, Ind. Feb. 9 1-Jul 29,179 1.59 13.03 65 7 1,621,063 164,961
107 National Mercantile Bancorp Los Angeles South Bay Bank N.A. Torrance, Calif. 20-Jul Dec. 14 29,113 1.44 11.38 40 2 204,471 192,618
108 Provident Bancorp Inc. Montebello, N.Y. National Bank of Florida Florida, N.Y. Nov. 2 Pending 28,100 1.77 24.22 27 2 884,032 95,448
109 Bank of East Asia, Limited New York Grand National Bank Alhambra, Calif. 25-Apr Aug. 14 28,000 1.61 12.8 38 2 NA 140,450
110 Laredo National Bancshares Tex. Del Rio National Bancshares Del Rio, Tex. 3-Jul Nov. 30 28,000 2.44 14.92 68 5 2,597,718 141,758
111 Pocahontas Bancorp Inc. Pocahontas, Ark. Walden/Smith Financial Group Inc. Jonesboro, Ark. Jan. 4 15-May 27,919 1.78 NA 67 8 383,964 162,608
112 Trustmark Corp. Jackson, Miss. Nashoba Bancshares Inc. Memphis Sept. 7 Dec. 14 27,550 2.18 12.89 41 3 7,157,029 177,226
113 First Federal Capital Corp. La Crosse, Wis. American Community Bankshares Wausau, Wis. 23-May Oct. 31 27,423 2.08 15.88 26 3 2,410,145 143,306
114 Norway Bancorp Inc. Norway, Maine First Coastal Corp. Portland, Maine 2-Apr Aug. 31 27,007 1.34 22.3 92 10 374,673 223,018
115 First Banks Inc. St. Louis Union Financial Group, Ltd. Swansea, Ill. 20-Jul Dec. 31 26,800 1.44 14.89 149 9 5,904,203 361,242
116 Regions Financial Corp. Birmingham, Ala. Brookhollow Bancshares Inc. Dallas Dec. 14 Pending 26,600 2.33 17.17 64 4 45,684,013 140,370
117 Second Bancorp Inc. Warren, Ohio Commerce Exchange Corp. Beachwood, Ohio 23-Jul Oct. 25 26,500 2.11 14.66 34 3 1,578,370 119,225
118 Bannister Bank &Trust Co. Kansas City, Mo. Pembroke Bancshares Inc. Kansas City, Mo. Jan. 2 1-May 26,000 3.6 24.28 80 8 256,994 196,051
119 ABC Bancorp Moultrie, Ga. Golden Isles Financial Holdings St Simons Island, Ga. Feb. 21 23-Jul 25,449 1.78 23.08 65 6 826,197 146,617
120 United Bancor Ltd. Dickinson, N.D. Bismarck Bancshares Inc. Bismarck, N.D. Aug. 31 Pending 25,000 2.01 16.02 62 5 123,441 162,426
121 United Community Financial Corp. Youngstown, Ohio Potters Financial Corp. East Liverpool, Ohio Sept. 6 Pending 23,445 1.7 12.18 106 4 1,485,226 151,466
122 First Citizens Banc Corp. Sandusky, Ohio Independent Comm Banc Corp. Norwalk, Ohio Nov. 1 Pending 23,273 1.9 16.79 46 5 504,185 140,067
123 First Community Bancorp Rancho Santa Fe, Calif. W.H.E.C. Inc. Carlsbad, Calif. Nov. 13 Pending 21,084 1.78 12.38 59 6 671,828 133,416
124 Danvers Bancorp Inc. Danvers, Mass. RFS Bancorp Inc. Revere, Mass. 27-Apr Sept. 27 20,776 1.86 37.21 37 3 485,424 153,678
125 Investor Group Community Bank of Arizona Wickenburg Oct. 16 Pending 20,497 1.64 9.14 71 7 NA 157,009
126 Umpqua Holdings Corp. Portland, Ore. Linn-Benton Bank Albany, Ore. Aug. 21 Dec. 27 20,026 1.95 13.26 50 5 826,563 113,630
127 Community Trust Bancorp Inc. Pikeville, Ky. Citizens National Bank & Trust of Hazard Ky. Oct. 16 Jan. 2, 2002 20,000 1.19 21.62 50 7 2,422,405 143,025
128 Regions Financial Corp. Birmingham, Ala. Independence Bank Houston Dec. 21 Pending 20,000 2.1 20.43 41 3 45,684,013 97,913
129 Whitaker Bank Corp. of Kentucky Lexington Citizens National Bank & Trust of Hazard Ky. 26-Apr Terminated 20,000 1.2 19.08 50 7 1,056,994 143,066
130 Mountainbank Financial Corp. Hendersonville, N.C. First Western Bank Burnsville, N.C. Aug. 28 Pending 19,983 1.43 NA 38 4 405,698 77,540
131 Three Rivers Bancorp Inc. Monroeville, Pa. Pennsylvania Capital Bank Pittsburgh Feb. 1 1-Jul 19,766 1.69 16.37 30 1 947,061 146,709
132 First Banks America Inc. Clayton, Mo. Charter Pacific Bank Agoura Hills, Calif. 23-May Oct. 16 19,427 1.42 60.51 43 3 2,666,405 102,902
133 Union Community Bancorp Crawfordsville, Ind. Montgomery Financial Corp. Crawfordsville, Ind. 24-Jul Dec. 28 18,508 1.08 48.34 45 5 127,355 136,855
134 PNA Holding Co. Niles, Ill. PS Financial Inc. Chicago 14-Jun Pending 18,070 1.08 16.35 19 1 NA 111,982
135 Jefferson County Bancshares Inc. Festus, Mo. Perry County Financial Corp. Perryville, Mo. Jan. 26 29-Jun 17,657 1.41 NA 9 1 252,462 96,134
136 Alabama National BanCorporation Birmingham Farmers National Bancshares Opelika, Ala. Sept. 6 Dec. 14 17,391 0.98 NA 108 5 2,593,867 196,307
137 Russellville Bancshares Inc. Jonesboro, Ark. First Arkansas Valley Bank Russellville 23-Apr Pending 17,000 1.37 9.63 76 7 NA 268,848
138 First Financial Bankshares Inc. Abilene, Tex. City Bancshares Inc. Mineral Wells, Tex. 12-Apr 3-Jul 16,500 1.83 8.96 30 2 1,784,080 89,488
139 Sunflower Banks Inc. Salina, Kan. First Canon Bancorp Inc. Canon City, Col. Aug. 9 Nov. 7 16,500 1.79 9.62 56 4 808,871 101,108
140 Catawba Valley Bancshares* Hickory, N.C. First Gaston Bank of NC* Gastonia 31-May Dec. 31 16,352 1.36 14.13 43 3 174,184 119,916
141 Community Bankshares Inc. Orangeburg, S.C. Ridgeway Bancshares Inc. Ridgeway, S.C. Nov. 21 Pending 15,950 1.93 16.01 30 3 292,281 75,822
142 Mercantile Bancorp Inc. Dallas TownBank, N.A. Mesquite, Tex. 18-May Sept. 10 15,750 2.25 11.16 24 1 207,086 78,410
143 Banc Corp. (The) Birmingham, Ala. CF Bancshares Inc. Port St Joe, Fla. Aug. 9 Pending 15,250 1.88 16.15 26 3 1,155,374 103,712
144 CIB Marine Bancshares Inc. Pewaukee, Wis. Citrus Financial Services Vero Beach, Fla. 6-Mar Sept. 17 15,200 1.68 NA 40 4 2,367,882 95,484
145 National Bancshares Corp. Orrville, Ohio Peoples Financial Corp. Massillon, Ohio Oct. 2 Pending 15,118 1.44 26.16 29 3 200,332 106,142
146 NBT Bancorp Inc. Norwich N.Y. First National Bancorp Inc. Norfolk, N.Y. Jan. 2 1-Jun 15,064 1.51 16.34 58 7 2,655,788 114,239
147 Sun Bancorp Inc. Selinsgrove, Pa. Guaranty Bank NA Shamokin, Pa. Jan. 16 31-May 14,791 1.86 11.43 61 6 743,588 125,401
148 Landmark Bancshares Inc.* Dodge City, Kan. MNB Bancshares Inc.* Manhattan, Kan. 19-Apr Oct. 9 14,751 0.94 12.75 67 8 223,215 155,480
149 County Bancshares Inc. Orange, Tex. Newton Bancshares Inc. Newton, Tex. 9-Apr Pending 14,484 1.56 13.7 74 5 NA 91,504
150 United Community Banks Inc. Blairsville, Ga. Peoples Bancorp Inc. Carrollton, Ga. 6-Jul Nov. 14 14,303 1.67 32.81 28 4 2,568,227 74,815
Totals and averages for the top 150       $55,086,403 1.89 19.32 82,554 3,877 $3,096,417,121 $304,429,730
  Totals and averages for all 284 merger deals       $55,756,216 1.73 21.18 88,161 4,341 $4,718,720,168 $320,038,000

* Merger of equals transaction 
† Hostile/unsolicited transaction

© 2002 American Banker 
Source: Thomson Financial/Sheshunoff Information Services (

www.sheshunoff.com
)

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