Top 25 Bank and Thrift Acquisitions Completed in 2001

Published February 12, 2002, 10:08 a.m. EST

Updated January 02, 1970, 9:08 a.m. EST

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Top 25 Bank and Thrift Acquisitions Completed in 2001

Top 25 Bank and Thrift Acquisitions Completed in 2001
Ranked by closing price Published February 12, 2002

	Buyer	Seller	Announced	Closed	Price ($000) at announcement	Price ($000) at closing	Closing price per share	Closing Price to equity	Closing price to 12-mo net	Efficiency ratio (seller's)
1	Firstar Corp. Milwaukee	U.S. Bancorp Minneapolis	Oct. 4 '00	Feb. 27	$21,199,357	$22,294,488	$29.66	2.58	14	53
2	First Union Corporation* Charlotte, N.C.	Wachovia Corporation* Winston-Salem, N.C.	April 16 '01	Sept. 1	13,506,462	14,231,883	68.84	2.18	15.04	54.89
3	FleetBoston Financial Corp. Boston	Summit Bancorp Princeton, N.J.	Oct. 1 '00	1-Mar	6,990,720	7,427,644	42.08	2.42	14.72	52.28
4	Fifth Third Bancorp Cincinnati	Old Kent Financial Corp. Grand Rapids, Mich.	Nov. 20 '00	2-Apr	4,947,005	5,513,703	39.54	3.1	19.7	58.86
5	ABN Amro North America Inc. Chicago	Michigan National Corp. Farmington Hills, Mich.	Nov. 22 '00	31-Mar	2,750,000	2,750,000	NM	1.94	18.39	58
6	BNP Paribas Paris	BancWest Corp. Honolulu	May 6 '01	Dec. 19	2,443,867	2,451,132	35	2.04	17.68	55.84
7	Washington Mutual Inc. Seattle	Bank United Corp. Houston	Aug. 21 '00	Feb. 9	1,517,250	2,393,383	66.3	2.51	16.09	52.67
8	Royal Bank of Canada Toronto	Centura Banks Inc. Rocky Mount, N.C.	Jan. 26 '01	5-Jun	2,314,467	2,092,241	52.46	2.1	16.52	58.18
9	Citigroup Inc. New York	European American Bank Uniondale, N.Y.	Feb. 12 '01	17-Jul	1,950,000	1,950,000	NA	2.72	16.84	60.59
10	Comerica Inc. Detroit	Imperial Bancorp Inglewood, Calif.	Nov. 1 '00	Jan. 29	1,302,320	1,315,624	27.93	2.51	29.93	61.23
11	New York Community Bancorp Inc.* Flushing	Richmond County Financial Corp* New York	March 27 '01	31-Jul	782,044	1,219,079	43.24	3.56	29.63	47.07
12	BB&T Corp. Winston-Salem, N.C.	F & M National Corp. Winchester, Va.	Jan. 24 '01	Aug. 9	1,157,308	1,177,304	41.14	2.82	22.92	60.18
13	BB&T Corp. Winston-Salem, N.C.	Century South Banks Inc. Alpharetta, Ga.	Dec. 5 '00	7-Jun	426,462	465,366	33.57	2.83	27.4	65.77
14	Valley National Bancorp Wayne, N.J.	Merchants New York Bancorp Inc. New York	Sept. 6 '00	Jan. 19	375,930	413,727	22.04	3.94	18.91	44.36
15	Wachovia Corp. Winston-Salem, N.C.	Republic Security Financial W. Palm Beach, Fla.	Oct. 30 '00	Feb. 28	340,055	382,152	7.79	1.85	15.29	67.09
16	Banknorth Group Inc. Portland, Maine	Andover Bancorp Inc. Andover, Mass.	June 11 '01	Oct. 31	339,388	355,740	49.78	2.07	16.06	48.99
17	M&T Bank Corp. Buffalo, N.Y.	Premier National Bancorp Inc. Lagrangeville, N.Y.	July 10 '00	Feb. 9	341,394	347,501	21.22	2.33	16.51	56.31
18	BB&T Corp. Winston-Salem, N.C.	FCNB Corp. Frederick, Md.	July 27 '00	Jan. 8	216,566	326,384	26.64	3.38	21.72	67.92
19	Charter One Financial Inc. Cleveland	Alliance Bancorp Hinsdale, Ill.	Jan. 23 '01	2-Jul	241,301	278,936	28.1	1.53	13.66	60.11
20	MB Financial Inc.* Chicago	MidCity Financial Corporation* Chicago	April 20 '01	Nov. 6	174,820	274,986	5,977.05	1.39	NA	67.09
21	Park National Corp. Newark, Ohio	Security Banc Corp. Springfield, Ohio	Nov. 21 '00	23-Mar	306,413	271,099	22.98	2.21	15.7	47.22
22	Marshall & Ilsley Corp. Milwaukee	National City Bancorp. Minneapolis	April 30 '01	Aug. 1	249,980	268,022	31.63	1.59	14.98	48.45
23	Fifth Third Bancorp Cincinnati	Capital Holdings Inc. Sylvania, Ohio	Oct. 25 '00	9-Mar	243,666	260,266	34.89	2.6	21.76	45.7
24	Bank of Montreal Toronto	First National Bancorp Inc. Joliet, Ill.	March 2 '01	13-Jul	219,840	221,392	72.87	2.23	18.94	59.1
25	FBOP Corp. Oak Park, Ill.	PBOC Holdings Inc. Los Angeles	Dec. 11 '00	30-Apr	198,762	198,337	10	0.93	6.28	56.34
	Totals and averages for the top 25				$64,535,377	$68,880,389		2.37	18.28	56.29
	Totals and averages for all completed deals				$72,088,584	$76,707,544		1.79	22.69	70.59

Source: Thomson Financial/Sheshunoff Information Services (

www.sheshunoff.com

)