Top 25 Bank and Thrift Acquisitions Completed in Q2 2000

Published July 12, 2000, 10:08 a.m. EDT

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

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Top 25 Bank and Thrift Acquisitions Completed in Q2 2000

Top 25 Bank and Thrift Acquisitions Completed in Q2 2000
(Dollars in thousands; ranked by total price of completed transaction) Published July 12, 2000

Rank	Buyer	Seller	Announcement Date	Completion Date	Announced Total Price	Completion Total Price	Completion Price to Equity (x)	Completion Price to Last 12 mos. Net Income (x)	Seller: # of Branches	Buyer: Total Assets	Seller: Total Assets
1	Charles Schwab Corporation (The)	U.S. Trust Corporation	01/13/2000	05/31/2000	$2,618,595	$3,068,062	8.45	37.41	17	N/A	$5,023,051
2	Peoples Heritage Financial Group	Banknorth Group, Inc.	06/02/1999	05/10/2000	777,997	513,790	1.51	9.42	88	$12,594,324	4,338,522
3	Wells Fargo & Company	First Commerce Bancshares, Inc.	02/02/2000	06/16/2000	479,727	413,522	1.56	12.32	25	218,102,000	2,609,590
4	Old Kent Financial Corp.	Grand Premier Financial	09/10/1999	04/01/2000	393,643	314,564	1.66	15.61	23	15,928,590	1,574,959
5	South Financial Group, Inc. (The)	Anchor Financial Corporation	01/10/2000	06/06/2000	303,711	239,298	2.53	17.08	33	3,561,888	1,206,843
6	First Charter Corporation	Carolina First Bancshares	11/08/1999	04/04/2000	260,492	180,288	2.69	20.24	36	1,819,879	773,606
7	Webster Financial Corp.	MECH Financial, Inc.	12/02/1999	06/26/2000	206,409	162,572	1.62	11.70	17	8,997,052	1,097,160
8	Greater Bay Bancorp	Coast Bancorp	12/14/1999	05/18/2000	134,811	151,852	4.24	19.72	7	2,283,887	350,088
9	BB&T Corporation	Hardwick Holding Company	11/17/1999	06/13/2000	139,084	112,424	2.11	31.05	9	41,619,596	518,273
10	BB&T Corporation	First Banking Co. of Southeast GA	12/15/1999	06/15/2000	122,147	111,216	1.97	14.73	15	41,619,596	419,109
11	Huntington Bancshares Inc.	Empire Banc Corporation	02/07/2000	06/23/2000	138,515	108,721	2.33	15.05	12	29,036,953	505,700
12	Southwest Securities Group, Inc.	ASBI Holdings, Inc	06/06/1999	04/28/2000	127,933	106,767	N/A	N/A	1	N/A	263,967
13	First Sterling Banks, Inc. **	Main Street Banks, Inc. **	12/01/1999	05/24/2000	86,944	89,173	1.92	12.33	20	343,463	502,472
14	Compass Bancshares Inc.	MegaBank Financial Corp.	11/05/1999	04/03/2000	104,363	78,658	1.95	9.35	6	17,681,373	290,315
15	Park National Corporation	SNB Corp.	12/17/1999	04/30/2000	95,608	75,825	2.18	94.14	8	2,598,599	299,181
16	IndyMac Bancorp, Inc.	SGV Bancorp, Inc.	07/13/1999	06/30/2000	58,624	59,763	1.59	30.14	6	N/A	468,730
17	NBT Bancorp, Inc.	Pioneer American Holding Company	12/08/1999	06/30/2000	85,860	55,611	1.72	13.04	21	1,378,259	421,854
18	Wachovia Corporation	Commerce National Corp.	03/03/2000	06/01/2000	40,074	44,479	3.01	28.56	5	67,352,537	180,202
19	Valley View Bancshares, Inc.	Summit Bancshares, L.C.	12/09/1999	04/25/2000	44,295	44,295	2.11	19.85	2	1,787,992	137,211
20	SouthTrust Corporation	Security Bancorp, Inc.	01/20/2000	04/14/2000	44,000	44,000	2.89	49.66	3	43,262,512	175,397
21	BancPlus Corporation	First Holmes Corporation	12/14/1999	06/01/2000	38,250	38,250	2.79	16.07	3	876,908	129,356
22	Inwood Bancshares Inc.	Provident Bank Dallas	07/06/1999	05/12/2000	36,309	36,309	1.70	13.93	6	346,432	202,206
23	Enterbank Holdings, Inc	Commercial Guaranty Bancshares Inc.	01/06/2000	06/23/2000	34,781	34,781	2.42	32.02	3	488,001	127,338
24	Pacific Capital Bancorp	Los Robles Bancorp	03/23/2000	06/30/2000	32,500	32,500	2.45	13.88	2	2,879,282	148,879
25	First Merchants Corporation	Decatur Financial, Inc.	01/21/2000	05/31/2000	33,384	30,936	2.18	16.70	3	1,474,048	128,131

** Merger of equals. Source:

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