Top 25 Bank and Thrift Acquisitions Announced in Q2 2000

July 12, 2000, 10:08 a.m. EDT 1 Min Read

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Top 25 Bank and Thrift Acquisitions Announced in Q2 2000
(Dollars in thousands; ranked by total price of transaction)

Rank	Buyer	Seller	Announcement Date	Announced Deal Value	Price to Book Value (x)	Price to Latest 12 mos. Net Income (x)	Buyer: Total Assets
1	Wells Fargo & Company	First Security Corp.	4/10/00	$2,778,512	1.57	11.36	$23,336,582
2	M&T Bank Corp.	Keystone Financial, Inc.	5/17/00	1,028,142	1.85	21.15	7,012,346
3	BancorpSouth, Inc.	First United Bancshares, Inc.	4/17/00	455,758	1.72	13.46	2,715,907
4	NBT Bancorp, Inc.	BSB Bancorp, Inc.	4/20/00	248,003	1.57	12.90	2,230,864
5	TrustCo Bank Corp NY**	Hudson River Bancorp, Inc.**	6/26/00	215,048	1.08	24.24	1,098,502
6	Queens County Bancorp, Inc.	Haven Bancorp, Inc.	6/27/00	187,167	1.70	17.27	2,965,850
7	U.S. Bancorp	Scripps Financial Corp.	6/27/00	155,229	3.26	32.10	643,322
8	TrustCo Bank Corp NY**	Cohoes Bancorp, Inc.**	6/26/00	126,596	1.05	21.68	704,414
9	Ambanc Holding Co., Inc.**	Cohoes Bancorp, Inc.**	6/26/00	120,662	1.00	20.67	704,414
10	Jackson Federal Bank	Highland Bancorp, Inc.	4/25/00	113,510	2.14	10.27	667,196
11	Hudson River Bancorp, Inc.*	Cohoes Bancorp, Inc.*	4/25/00	97,275	0.80	16.66	704,414
12	Troy Financial Corp.	Catskill Financial Corp.	6/8/00	89,949	1.53	19.41	346,102
13	First Place Financial Corp.*	FFY Financial Corp.*	5/24/00	72,929	1.09	9.02	667,684
14	Regions Financial Corp.	First National Bancshares	4/4/00	58,389	2.62	12.03	245,527
15	Bank of Cyprus Ltd.	Interbank of NY	4/18/00	43,000	2.69	40.41	173,003
16	Old Kent Financial Corp.	Home Bancorp	6/16/00	40,352	1.03	13.03	403,492
17	Heritage Commerce Corp.	Western Holdings Bancorp	5/9/00	39,335	3.03	22.14	201,031
18	Mercantile Bankshares Corp.	Bank of Fruitland	6/2/00	37,538	2.72	26.14	145,251
19	First United Bancshares, Inc.	Texarkana First Financial Corp.	5/15/00	37,513	1.31	11.21	206,487
20	Warwick Community Bancorp, Inc.**	GSB Financial Corporation**	4/19/00	35,918	1.23	N/A	179,132
21	Farmers National Banc Corp.	Security Financial Corp.	5/30/00	32,560	2.27	51.28	172,832
22	Provident Bankshares Corp.	Harbor Federal Bancorp	5/4/00	31,164	1.21	16.04	252,636
23	First Banks America, Inc.	Commercial Bank of San Francisco	6/28/00	29,500	1.88	27.73	175,563
24	Mutual First Financial, Inc.	Marion Capital Holdings, Inc.	6/8/00	27,534	0.87	10.67	199,194
25	IBT Bancorp, Inc.	FSB Bancorp, Inc.	4/7/00	26,253	2.52	21.99	101,579

* - Merger of equals. ** - Hostile attempt. Source:

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