Top 150 Bank Mergers Announced in 1999
February 07, 2000, 10:08 a.m. EST 1 Min Read
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Top 150 Bank Mergers Announced in 1999
Top 150 Bank Merger Deals Announced in 1999Ranked 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 | Fleet Financial Group Inc. | BankBoston Corp. | March 14, 1999 | Oct. 1, 1999 | $16,018.2 | 3.26 | 19.84 | 24,800 | 472 | $104,382.0 | $73,513.0 |
2 | Firstar Corp. | Mercantile Bancorp. | April 30, 1999 | Sept. 20, 1999 | 10,687.3 | 3.37 | 27.58 | 10,353 | 244 | 37,952.0 | 35,579.0 |
3 | HSBC USA Inc. | Republic New York Corp. | May 10, 1999 | Dec. 31, 1999 | 9,850.0 | 2.38 | 43.05 | 5,900 | NA | 33,773.0 | 50,453.0 |
4 | Amsouth Bancorp. | First American Corp. | June 1, 1999 | Oct. 1, 1999 | 6,328.2 | 3.41 | 28.38 | 6,902 | 340 | 20,084.0 | 20,326.0 |
5 | Zions Bancorp. | First Security Corp. | June 6, 1999 | Pending | 5,764.9 | 3.35 | 22.24 | 10,030 | 332 | 17,085.0 | 21,959.0 |
6 | Fifth Third Bancorp | CNB Bancshares Inc. | June 16, 1999 | Oct. 29, 1999 | 2,293.0 | 4.03 | 31.3 | 2,849 | 47 | 29,652.0 | 7,219.0 |
7 | E-Trade Group Inc. | Telebanc Financial Corp. | June 1, 1999 | Pending | 1,794.5 | 13.25 | NM | 121 | 0 | NA | 2,621.0 |
8 | Dime Bancorp | Hudson United Bancorp | Sept. 15, 1999 | Pending | 1,551.9 | 2.58 | 24.46 | 967 | 167 | 21,430.0 | 7,226.0 |
9 | Citizens Financial Group | UST Corp. | June 21, 1999 | Pending | 1,403.9 | 2.56 | 27.96 | 880 | 87 | 18,963.0 | 5,930.0 |
10 | Charter One Financial Inc. | St. Paul Bancorp | May 17, 1999 | Oct. 1, 1999 | 1,207.4 | 2.3 | 38.51 | 1,060 | 51 | 24,555.0 | 5,980.0 |
11 | U.S. Bancorp | Western Bancorp | May 19, 1999 | Nov. 15, 1999 | 953.9 | 2.64 | 39.31 | 727 | 4 | 76,110.0 | 2,496.0 |
12 | Wells Fargo & Co. | National Bancorp of Alaska | Dec. 21, 1999 | Pending | 906.6 | 2.04 | 14.6 | 1,098 | 54 | 207,060.0 | 3,060.0 |
13 | Citizens Banking Corp. | F & M Bancorp. | April 19, 1999 | Nov. 1, 1999 | 819.1 | 3.3 | 23.4 | 1,100 | 86 | 4,499.0 | 2,446.0 |
14 | Peoples Heritage Financial Group | Banknorth Group Inc. | June 2, 1999 | Pending | 778.0 | 2.35 | 21.5 | 1,014 | 60 | 12,594.0 | 4,339.0 |
15 | Finova Group Inc. | Fremont Investment and Loan | Dec. 8, 1999 | Pending | 765.0 | 2.69 | 29.79 | 893 | 18 | NA | 3,306.0 |
16 | BB&T Corp. | Premier Bancshares Inc. | July 28, 1999 | Pending | 638.4 | 3.33 | 22.33 | 693 | 32 | 39,185.0 | 1,493.0 |
17 | Centura Banks Inc. | Triangle Bancorp Inc. | Aug. 23, 1999 | Pending | 608.2 | 3.57 | 23.83 | 312 | 71 | 8,757.0 | 2,285.0 |
18 | North Fork Bancorp. | JSB Financial Inc. | Aug. 16, 1999 | Pending | 593.6 | 1.52 | 15.86 | 318 | 13 | 11,522.0 | 1,620.0 |
19 | BB&T Corp. | First Liberty Financial Corp. | April 28, 1999 | Nov. 19, 1999 | 491.8 | 3.69 | 29.05 | 416 | 32 | 37,791.0 | 1,600.0 |
20 | Union Planters Corp. | Republic Banking Corporation of Florida | Feb. 22, 1999 | July 16, 1999 | 411.6 | 2.39 | 25.93 | 690 | 27 | 31,692.0 | 1,575.0 |
21 | Old Kent Financial Corp. | Grand Premier Financial | Sept. 10, 1999 | Pending | 393.6 | 2.06 | 12.24 | 588 | 30 | 15,929.0 | 1,575.0 |
22 | Hudson United Bancorp | JeffBanks Inc. | June 29, 1999 | Nov. 30, 1999 | 375.0 | 2.62 | 22.93 | 364 | 32 | 7,046.0 | 1,684.0 |
23 | North Fork Bancorp. | Reliance Bancorp. | Aug. 30, 1999 | Pending | 352.6 | 1.82 | 16.77 | 180 | 30 | 11,522.0 | 2,475.0 |
24 | Zions Bancorp. | Pioneer Bancorp. | May 7, 1999 | Oct. 15, 1999 | 346.5 | 4.91 | 25.26 | 259 | 13 | 17,085.0 | 1,076.0 |
25 | Household International Inc. | Renaissance Holdings Inc. | Dec. 2, 1999 | Pending | 309.7 | NA | NA | 93 | 2 | 4,787.0 | 333.0 |
26 | Sky Financial Group Inc. | Mahoning National Bancorp | June 7, 1999 | Sept. 30, 1999 | 306.6 | 3.16 | 21.38 | 388 | 23 | 4,683.0 | 809.0 |
27 | Summit Bancorp | Prime Bancorp. | Feb. 18, 1999 | Aug. 1, 1999 | 302.6 | 3.25 | 24.04 | 322 | 24 | 33,101.0 | 1,039.0 |
28 | U.S. Bancorp | Bank of Commerce | Feb. 18, 1999 | July 15, 1999 | 287.0 | 4.56 | 21.01 | 202 | 10 | 76,438.0 | 638.0 |
29 | First Charter Corp. | Carolina First Bancshares | Nov. 8, 1999 | Pending | 260.5 | 3.87 | 32.66 | 334 | 36 | 1,820.0 | 774.0 |
30 | BB&T Corp. | Mason-Dixon Bancshares | Jan. 28, 1999 | July 14, 1999 | 247.2 | 2.99 | 22.75 | 298 | 17 | 34,427.0 | 1,102.0 |
31 | Wells Fargo & Co. | Prime Bancshares | July 29, 1999 | Pending | 246.2 | 2.73 | 16.96 | 465 | 22 | 205,421.0 | 1,200.0 |
32 | Old Kent Financial Corp. | CFSB Bancorp | Feb. 24, 1999 | July 9, 1999 | 244.5 | 3.37 | 19.69 | 272 | 16 | 16,589.0 | 880.0 |
33 | Old Kent Financial Corp. | Pinnacle Banc Group Inc. | March 19, 1999 | Sept. 3, 1999 | 242.7 | 2.06 | 16.46 | 385 | 17 | 16,589.0 | 1,146.0 |
34 | Fifth Third Bancorp | Peoples Bank Corp. | July 12, 1999 | Nov. 19, 1999 | 228.2 | 4.15 | 24.1 | 215 | 13 | 31,628.0 | 675.0 |
35 | Fifth Third Bancorp | Emerald Financial Corp. | March 1, 1999 | Aug. 6, 1999 | 218.5 | 3.72 | 26.31 | 131 | 14 | 28,922.0 | 668.0 |
36 | Webster Financial Corp. | New England Comm Bancorp | June 30, 1999 | Dec. 1, 1999 | 216.3 | 2.89 | 29.51 | 185 | 17 | 8,849.0 | 787.0 |
37 | Old National Bancorp | ANB Corp. | July 30, 1999 | Pending | 212.8 | 2.85 | 26.55 | 275 | 24 | 6,898.0 | 784.0 |
38 | Webster Financial Corp. | MECH Financial Inc. | Dec. 2, 1999 | Pending | 206.4 | 2.15 | 15.85 | 203 | 16 | 8,997.0 | 1,097.0 |
39 | Wells Fargo & Co. | Michigan Financial Corp. | Nov. 2, 1999 | Pending | 204.7 | 2.01 | 17.42 | 677 | 34 | 207,060.0 | 834.0 |
40 | BancWest Corp. | SierraWest Bancorp | Feb. 25, 1999 | July 1, 1999 | 199.7 | 2.46 | 25.06 | 234 | 20 | 15,050.0 | 879.0 |
41 | Provident Financial Group Inc. | Fidelity Financial of Ohio | Aug. 16, 1999 | Pending | 194.5 | 1.97 | 63.1 | 44 | 15 | 8,492.0 | 809.0 |
42 | Old Kent Financial Corp. | Merchants Bancorp Inc. | July 30, 1999 | Pending | 184.4 | 2.52 | 19.76 | 344 | 9 | 15,929.0 | 921.0 |
43 | Anchor BanCorp Wisconsin Inc. | FCB Financial Corp. | Jan. 5, 1999 | June 8, 1999 | 174.4 | 2.2 | 24.69 | 145 | 13 | 2,123.0 | 526.0 |
44 | Wells Fargo & Co. | First Place Financial Corp. | Aug. 4, 1999 | Pending | 173.2 | 2.21 | 17.54 | 340 | 12 | 205,421.0 | 875.0 |
45 | City National Corp. | Pacific Bank NA | Sept. 22, 1999 | Pending | 152.9 | 1.97 | 40.53 | 292 | 12 | 6,302.0 | 729.0 |
46 | Independence Community Bank Corp. | Broad National Bancorp | Feb. 1, 1999 | July 31, 1999 | 150.8 | 3.21 | 17.85 | 240 | 16 | 5,313.0 | 685.0 |
47 | BB&T Corp. | Hardwick Holding Co. | Nov. 17, 1999 | Pending | 139.1 | 2.53 | 27.3 | 226 | 7 | 41,620.0 | 516.0 |
48 | Greater Bay Bancorp | Coast Bancorp | Dec. 14, 1999 | Pending | 134.8 | 4.07 | 20.05 | 140 | 6 | 2,284.0 | 350.0 |
49 | Wachovia Corp. | B.C. Bankshares | Oct. 7, 1999 | Pending | 133.9 | 3.58 | 20.87 | 180 | 8 | 65,806.0 | 382.0 |
50 | Southwest Securities Group Inc. | ASBI Holdings Inc. | June 6, 1999 | Pending | 127.9 | NA | NA | 88 | 1 | NA | 264.0 |
51 | BB&T Corp. | Matewan Bancshares | Feb. 25, 1999 | Aug. 27, 1999 | 124.1 | 1.86 | 20.27 | 274 | 22 | 34,427.0 | 684.0 |
52 | BB&T Corp. | First Citizens Corp. | Jan. 27, 1999 | July 9, 1999 | 123.8 | 2.98 | 33.3 | 162 | 10 | 34,427.0 | 418.0 |
53 | BB&T Corp. | First Banking Co. of Southeast GA | Dec. 15, 1999 | Pending | 122.1 | 2.23 | 19.19 | 152 | 12 | 41,620.0 | 419.0 |
54 | Synovus Financial Corp. | Merit Holding Corp. | March 19, 1999 | Sept. 30, 1999 | 115.8 | 3.02 | 22.77 | 99 | 7 | 10,498.0 | 306.0 |
55 | Wells Fargo & Co. | North County Bancorp | Sept. 30, 1999 | Pending | 112.4 | 3.34 | 22.49 | 156 | 9 | 205,421.0 | 349.0 |
56 | BankIllinois Financial Corp. | First Decatur Bancshares | Aug. 13, 1999 | Pending | 110.8 | 2.07 | 18.57 | 188 | 8 | 540.0 | 461.0 |
57 | Independence Community Bank Corp | Statewide Financial Corp. | April 13, 1999 | Jan. 7, 2000 | 108.0 | 1.74 | 28.55 | 148 | 16 | 5,537.0 | 744.0 |
58 | U.S. Bancorp | Peninsula Bank of San Diego | Sept. 2, 1999 | Pending | 104.4 | 3.37 | 22.08 | 229 | 9 | 77,390.0 | 456.0 |
59 | Compass Bancshares Inc. | MegaBank Financial Corp. | Nov. 5, 1999 | Pending | 104.4 | 2.9 | 18.93 | 125 | 9 | 17,681.0 | 270.0 |
60 | Park National Corp. | SNB Corp. | Dec. 17, 1999 | Pending | 95.6 | 2.65 | 24.42 | 107 | 8 | 2,599.0 | 294.0 |
61 | Gold Banc Corp. | American Bancshares | Sept. 7, 1999 | Pending | 92.9 | 3.38 | 45.78 | 89 | 8 | 1,196.0 | 485.0 |
62 | NBT Bancorp | Lake Ariel Bancorp | Aug. 16, 1999 | Pending | 92.6 | 2.56 | 24.66 | 174 | 22 | 1,351.0 | 493.0 |
63 | Old National Bancorp | Permanent Bancorp | Dec. 20, 1999 | Pending | 89.3 | 2.01 | 26.7 | 134 | 12 | 6,963.0 | 502.0 |
64 | Associated Banc-Corp. | Riverside Acquisition Corp. | March 10, 1999 | Aug. 31, 1999 | 89.1 | 3.67 | 19.66 | 127 | 5 | 11,251.0 | 339.0 |
65 | SouthTrust Corp. | First of Groves Corp. | May 10, 1999 | Aug. 13, 1999 | 89.0 | 2.11 | 19.82 | 269 | 15 | 39,016.0 | 519.0 |
66 | City National Corp. | American Pacific State Bank | June 4, 1999 | Aug. 27, 1999 | 89.0 | 2.88 | 21.01 | 157 | 9 | 6,284.0 | 399.0 |
67 | Niagara Bancorp | CNY Financial Corp. | Dec. 29, 1999 | Pending | 87.9 | 1.14 | 25.79 | 97 | 3 | 1,680.0 | 291.0 |
68 | Compass Bancshares Inc. | Western Bancshares | July 26, 1999 | Pending | 87.9 | 2.61 | 11.91 | 104 | 9 | 17,731.0 | 281.0 |
69 | First Sterling Banks Inc. | Main Street Banks Inc. | Dec. 1, 1999 | Pending | 86.9 | 1.97 | 12.81 | 275 | 20 | 313.0 | 467.0 |
70 | Regions Financial Corp | Minden Bancshares | July 16, 1999 | Dec. 30, 1999 | 86.5 | 2.19 | 14.13 | 106 | 7 | 39,808.0 | 325.0 |
71 | NBT Bancorp | Pioneer American Holding Co. | Dec. 8, 1999 | Pending | 85.9 | 2.63 | 20.44 | 185 | 18 | 1,378.0 | 422.0 |
72 | Compass Bancshares Inc. | Hartland Bank NA | June 17, 1999 | Oct. 20, 1999 | 85.0 | 3.62 | 19.15 | 108 | 7 | 17,293.0 | 294.0 |
73 | Staten Island Bancorp | First State Bancorp | Aug. 18, 1999 | Pending | 84.0 | 2.08 | 17.8 | 85 | 5 | 4,134.0 | 359.0 |
74 | Gold Banc Corp. | CountryBanc Holding Co. | Oct. 25, 1999 | Pending | 82.7 | 1.72 | 13.05 | 222 | 19 | 1,279.0 | 463.0 |
75 | Tompkins Trustco, Inc | Letchworth Independent Bancshares | Aug. 2, 1999 | Dec. 30, 1999 | 82.2 | 2.35 | 22.04 | 101 | 11 | 687.0 | 442.0 |
76 | SouthTrust Corp. | CNBT Bancshares | April 1, 1999 | Terminated | 81.4 | 2.46 | 16.62 | 113 | 5 | 39,016.0 | 395.0 |
77 | California Community Financial Inst. Fund | Placer Savings Bank | March 18, 1999 | Aug. 11, 1999 | 79.8 | 2.26 | 20.74 | 264 | 25 | 53.0 | 570.0 |
78 | First M&F Corp. | Community Federal Bancorp | July 8, 1999 | Nov. 19, 1999 | 79.3 | 1.34 | 25.28 | 33 | 1 | 717.0 | 309.0 |
79 | First Bancorp | First Savings Bancorp | Dec. 16, 1999 | Pending | 77.9 | 1.15 | 14.03 | 50 | 6 | 535.0 | 324.0 |
80 | Carolina First Corp. | Citrus Bank | March 18, 1999 | June 30, 1999 | 77.5 | 3.78 | 26.29 | 108 | 5 | 2,726.0 | 228.0 |
81 | CVB Financial Corp. | Orange National Bancorp | May 18, 1999 | Oct. 4, 1999 | 77.2 | 3.04 | 21.43 | 126 | 6 | 1,558.0 | 279.0 |
82 | Summit Bancorp | NMBT Corp. | Oct. 4, 1999 | Pending | 75.0 | 2.41 | 18.90 | 160 | 10 | 36,163.0 | 392.0 |
83 | National Commerce Bancorp. | First Financial Corp. | May 3, 1999 | Aug. 4, 1999 | 75.0 | 3.49 | 22.53 | 115 | 6 | 6,029.0 | 261.0 |
84 | Wells Fargo & Co. | Texas BancShares | May 28, 1999 | Dec. 15, 1999 | 68.5 | 2.08 | 19.81 | 190 | 10 | 201,430.0 | 388.0 |
85 | Gold Banc Corp. | Union Bankshares Ltd. | Aug. 9, 1999 | Pending | 66.3 | 2.53 | 36.41 | 101 | 6 | 1,196.0 | 340.0 |
86 | Community First Bankshares | Valley National Corp. | May 10, 1999 | Oct. 7, 1999 | 65.0 | 2.95 | 22.64 | 110 | 5 | 5,917.0 | 241.0 |
87 | First Security Corp. | Comstock Bancorp | Jan. 13, 1999 | June 1, 1999 | 64.5 | 2.65 | 12.82 | 120 | 6 | 21,768.0 | 225.0 |
88 | Independent Bank Corp. | Mutual Savings Bank FSB | March 24, 1999 | Sept. 15, 1999 | 64.0 | 1.73 | 23.57 | 240 | 22 | 1,085.0 | 564.0 |
89 | Old National Bancorp | Heritage Financial Services | Sept. 10, 1999 | Pending | 63.3 | 3.70 | 21.98 | 103 | 4 | 6,898.0 | 223.0 |
90 | NewSouth Bancorp Inc. | Green Street Financial Corp. | Aug. 9, 1999 | Nov. 30, 1999 | 59.3 | 1.01 | 21.92 | 30 | 3 | 293.0 | 166.0 |
91 | Zions Bancorp. | Regency Bancorp | April 27, 1999 | Oct. 6, 1999 | 58.9 | 2.89 | 13.75 | 87 | 2 | 17,085.0 | 228.0 |
92 | IndyMac Mortgage Holdings Inc. | SGV Bancorp Inc. | July 13, 1999 | Pending | 58.6 | 1.68 | 26.70 | 73 | 6 | NA | 469.0 |
93 | Whitney Holding Corp. | Bank of Houston | Nov. 17, 1999 | Pending | 58.0 | 2.85 | 32.24 | 65 | 1 | 5,234.0 | 184.0 |
94 | Premier Bancshares Inc. | Farmers & Merchants Bank | April 20, 1999 | Nov. 5, 1999 | 55.8 | 2.54 | 21.38 | 70 | 3 | 1,511.0 | 173.0 |
95 | Provident Financial Group Inc. | OHSL Financial Corp. | Aug. 3, 1999 | Dec. 3, 1999 | 55.8 | 1.97 | 24.31 | 46 | 5 | 8,492.0 | 284.0 |
96 | Area Bancshares Corp. | Peoples Bank of Murray | Aug. 25, 1999 | Pending | 55.4 | 1.80 | 11.75 | 68 | 3 | 2,258.0 | 266.0 |
97 | Hudson United Bancorp | Little Falls Bancorp Inc. | Jan. 26, 1999 | May 20, 1999 | 53.5 | 1.37 | 29.25 | 36 | 8 | 6,779.0 | 351.0 |
98 | FirstFed Financial Corp. | Professional Bancorp | June 28, 1999 | Terminated | 52.9 | 1.84 | 32.37 | 112 | 6 | 3,965.0 | 249.0 |
99 | F & M National Corp. | State Bank of the Alleghenies | Oct. 6, 1999 | Dec. 31, 1999 | 52.9 | 3.09 | 21.03 | 45 | 2 | 2,922.0 | 156.0 |
100 | MidCity Financial Corp. | Damen Financial Corp. | Feb. 23, 1999 | July 1, 1999 | 52.7 | 1.20 | 26.46 | 36 | 3 | 1,645.0 | 220.0 |
101 | InterWest Bancorp | Liberty Bay Financial Corp. | Sept. 15, 1999 | Pending | 50.8 | 2.37 | 16.65 | 99 | 7 | 2,474.0 | 179.0 |
102 | Hudson United Bancorp | Southern Jersey Bancorp | June 29, 1999 | Dec. 1, 1999 | 50.7 | 1.60 | NM | 211 | 16 | 7,046.0 | 465.0 |
103 | BRT Realty Trust | Peekskill Financial Corp. | Jan. 5, 1999 | Terminated | 50.6 | 1.14 | 27.27 | 25 | 3 | NA | 213.0 |
104 | Greater Bay Bancorp | Mt. Diablo Bancshares | Sept. 15, 1999 | Pending | 49.0 | 3.65 | 16.16 | 59 | 2 | 2,114.0 | 200.0 |
105 | Phoenix Home Life Mutual Insurance Co. | New London Trust FSB | April 13, 1999 | Oct. 29, 1999 | 48.0 | 2.04 | 19.03 | 147 | 7 | NA | 335.0 |
106 | Regions Financial Corp. | LCB Corp. Inc. | July 8, 1999 | Jan. 4, 2000 | 48.0 | 2.61 | 15.95 | 95 | 3 | 39,808.0 | 176.0 |
107 | NBC Capital Corp. | FFBS Bancorp Inc. | Feb. 5, 1999 | Aug. 31, 1999 | 47.4 | 1.96 | 30.56 | 28 | 4 | 777.0 | 160.0 |
108 | F & M Bancorp | Patapsco Valley Bancshares | Sept. 7, 1999 | Dec. 30, 1999 | 46.8 | 2.79 | 82.08 | NA | 7 | 1,462.0 | 174.0 |
109 | Wells Fargo & Co. | Mustang Financial Corp. | April 1, 1999 | June 25, 1999 | 45.3 | 1.65 | 18.45 | 194 | 4 | 201,430.0 | 240.0 |
110 | Valley View Bancshares Inc. | Summit Bancshares LC | Dec. 9, 1999 | Pending | 44.0 | 2.23 | 22.52 | 73 | 2 | 1,759.0 | 136.0 |
111 | Greater Bay Bancorp | Bay Area Bancshares | Jan. 26, 1999 | May 21, 1999 | 43.6 | 2.92 | 17.74 | 33 | 1 | 1,583.0 | 155.0 |
112 | SJNB Financial Corp. | Saratoga Bancorp | Aug. 27, 1999 | Jan. 5, 2000 | 43.1 | 2.49 | 18.05 | 24 | 3 | 404.0 | 149.0 |
113 | BSB Bancorp Inc. | Skaneateles Bancorp | Jan. 25, 1999 | June 30, 1999 | 42.5 | 2.12 | 24.54 | 86 | 9 | 1,859.0 | 276.0 |
114 | Cullen/Frost Bankers Inc. | Commerce Financial Corp. | Feb. 17, 1999 | May 20, 1999 | 42.3 | 2.81 | 23.23 | 57 | 4 | 6,870.0 | 189.0 |
115 | California Community Financial Inst. Fund | Sacramento Commercial Bank | Nov. 22, 1999 | Pending | 41.6 | 2.74 | 21.77 | 81 | 0 | 224.0 | 198.0 |
116 | Central Bancompany | Mid-Continent Bancshares | April 8, 1999 | June 30, 1999 | 39.7 | 2.17 | 14.80 | 89 | 5 | 4,535.0 | 201.0 |
117 | Century South Banks Inc. | Lanier Bankshares | Aug. 25, 1999 | Pending | 38.5 | 3.42 | 20.38 | 46 | 3 | 1,206.0 | 115.0 |
118 | BancPlus Corp. | First Holmes Corp. | Dec. 14, 1999 | Pending | 38.0 | 2.57 | 16.39 | 43 | 3 | 794.0 | 126.0 |
119 | FCNB Corp. | First Frederick Financial Corp. | March 12, 1999 | Aug. 19, 1999 | 37.3 | 3.87 | 22.54 | 45 | 5 | 1,337.0 | 122.0 |
120 | Premier Bancshares Inc. | North Fulton Bancshares | April 6, 1999 | Aug. 31, 1999 | 37.2 | 3.26 | 17.55 | 52 | 1 | 1,511.0 | 192.0 |
121 | First National of Nebraska | Commercial Banshares | July 15, 1999 | Nov. 5, 1999 | 37.0 | 1.78 | 15.57 | 102 | 5 | 7,635.0 | 172.0 |
122 | Bremer Financial Corp. | Dean Financial Services Inc. | Jan. 26, 1999 | July 8, 1999 | 36.8 | 1.74 | 16.80 | 127 | 6 | 3,398.0 | 315.0 |
123 | Skylake Bancshares Inc. | Kislak Financial Corp. | July 1, 1999 | Pending | 36.6 | 1.09 | 13.34 | 56 | 1 | 162.0 | 107.0 |
124 | Mid-State Bancshares | City Commerce Bank | April 19, 1999 | Aug. 31, 1999 | 36.6 | 2.03 | 16.77 | 75 | 3 | 1,222.0 | 149.0 |
125 | Inwood Bancshares | Provident Bank Dallas | July 6, 1999 | Pending | 36.3 | 1.99 | 16.13 | 97 | 6 | 346.0 | 202.0 |
126 | First Financial Bancorp | Hebron Bancorp | Jan. 4, 1999 | June 1, 1999 | 35.4 | 3.01 | 23.45 | 33 | 2 | 2,871.0 | 112.0 |
127 | CCB Financial Corp. | Stone Street Bancorp | April 14, 1999 | Oct. 1, 1999 | 35.0 | 1.25 | 22.27 | 20 | 1 | 7,772.0 | 128.0 |
128 | Park National Corp. | U.B. Bancshares | Dec. 14, 1999 | Pending | 35.0 | 1.95 | 15.79 | 84 | 6 | 2,599.0 | 176.0 |
129 | Columbia Bancorp | Suburban Bancshares | Sept. 28, 1999 | Pending | 34.2 | 1.67 | 27.17 | 82 | 8 | 457.0 | 223.0 |
130 | Texas Regional Bancshares | Harlingen Bancshares | April 22, 1999 | Oct. 1, 1999 | 34.0 | 1.62 | 39.81 | 178 | NA | 1,822.0 | 225.0 |
131 | First National Corp. | FirstBancorp. | March 4, 1999 | Aug. 27, 1999 | 33.9 | 2.41 | 37.43 | 54 | 3 | 643.0 | 108.0 |
132 | East West Bancorp | American International Bank | Sept. 17, 1999 | Pending | 33.8 | 1.59 | 11.24 | 93 | 7 | 2,095.0 | 214.0 |
133 | Wells Fargo & Co. | Napa National Bancorp | Nov. 19, 1999 | Pending | 32.5 | 2.83 | 19.02 | 67 | 4 | 207,060.0 | 152.0 |
134 | National Commerce Bancorp. | Piedmont Bancorp | Dec. 28, 1999 | Pending | 32.1 | 1.62 | 30.16 | 29 | 3 | 6,544.0 | 140.0 |
135 | BOK Financial Corp. | Swiss Avenue State Bank | March 8, 1999 | June 16, 1999 | 32.0 | 2.28 | NM | 71 | 2 | 6,809.0 | 224.0 |
136 | Hudson River Bancorp | SFS Bancorp Inc. | May 17, 1999 | Sept. 3, 1999 | 31.8 | 1.27 | NA | 57 | 3 | 874.0 | 176.0 |
137 | Central Bancompany | Fulton Bancorp Inc. | May 19, 1999 | Dec. 15, 1999 | 31.7 | 1.25 | 29.63 | 33 | 2 | 4,535.0 | 118.0 |
138 | First Banks Inc. | Century Bank | March 31, 1999 | Aug. 31, 1999 | 31.5 | 1.29 | 19.37 | 162 | 5 | 4,555.0 | 160.0 |
139 | Capital City Bank Group Inc. | Grady Holding Co. | Feb. 12, 1999 | May 7, 1999 | 31.3 | 1.88 | 14.65 | 42 | 2 | 1,329.0 | 115.0 |
140 | Citizens Bancshares Co. | MBLA Financial Corp. | May 3, 1999 | Oct. 12, 1999 | 31.1 | 1.04 | 16.59 | 11 | 2 | 745.0 | 206.0 |
141 | Greater Bay Bancorp | Bay Commercial Services | May 3, 1999 | Oct. 15, 1999 | 31.1 | 2.38 | 22.82 | 38 | 3 | 1,781.0 | 146.0 |
142 | United Community Banks Inc. | 1st Floyd Bankshares | July 3, 1999 | Aug. 27, 1999 | 30.5 | 3.95 | 35.94 | 45 | 2 | 1,809.0 | 99.0 |
143 | Camden National Corp. | KSB Bancorp Inc. | July 27, 1999 | Dec. 20, 1999 | 30.4 | 2.03 | 15.16 | 78 | 11 | 718.0 | 179.0 |
144 | Harbor Bancorp | Bank of the Pacific | June 9, 1999 | Dec. 15, 1999 | 30.2 | 3.01 | 15.51 | 36 | 4 | 139.0 | 104.0 |
145 | Harleysville National Corp. | Citizens Bank & Trust Co. | Dec. 29, 1999 | Pending | 29.9 | 1.69 | 21.27 | 52 | 2 | 1,615.0 | 131.0 |
146 | FNB Corp. | Carolina Fincorp Inc. | Oct. 18, 1999 | Pending | 29.1 | 1.76 | 30.80 | 39 | 5 | 385.0 | 120.0 |
147 | Bank United Corp. | Texas Central Bancshares | March 23, 1999 | Aug. 27, 1999 | 28.8 | 4.16 | 20.57 | 41 | 2 | 14,824.0 | 116.0 |
148 | First Busey Corp. | Eagle BancGroup | June 30, 1999 | Oct. 29, 1999 | 28.6 | 1.41 | 30.36 | 42 | 4 | 958.0 | 183.0 |
149 | PBOC Holdings Inc. | Bank of Hollywood | June 23, 1999 | Pending | 28.6 | 1.99 | 18.91 | 47 | 1 | 3,361.0 | 138.0 |
150 | Camco Financial Corp. | Westwood Homestead Financial Corp. | Aug. 6, 1999 | Jan. 6, 2000 | 28.3 | 1.24 | 22.56 | 29 | 1 | 727.0 | 141.0 |
Totals and averages for the top 150 merger deal announcements in 1999 | $76,752.3 | 2.57 | 23.28 | 89,013 | 3,280 | $3,365,982.0 | $308,283.0 | ||||
Weighted averages for the top 150 merger deal announcements in 1999 | 3.16 | 31.47 | |||||||||
Totals and averages for all 401 merger deal announcements in 1999 | $78,907.9 | 2.18 | 23.52 | 101,239 | 3,688 | $4,015,850.0 | $332,212.0 | ||||
Weighted averages for all 401 merger deal announcements in 1999 | 3.22 | 32.27 |
N/A = not available; N/M = not meaningful
Source: Sheshunoff Information Services, Austin, Tex., a Thomson Financial company
© 2000 American Banker