Top 25 Branch Sale Deals Announced in First Half

August 07, 2001, 10:08 a.m. EDT 1 Min Read

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Top 25 Branch Sale Deals Announced in First Half
Ranked by deposits sold; dollars in thousands Published August 7, 2001

	Buyer	Target	Announced	Completed (or status)	Branches	Deposits	Premium to deposits	Branch locations
1	Bremer Financial Corp. St Paul	U.S. Bancorp Minneapolis	Jan. 31	11-May	11	$750,000	8.00%	Minn.
2	U.S. Bancorp Minneapolis	Pacific Century Financial Corp. Honolulu	5-Jun	Pending	20	640,000	NA	Calif.
3	Community Bank System Inc. De Witt, N.Y.	FleetBoston Financial Corp. Boston	8-Jun	Pending	36	484,000	NA	N.Y.
4	Marshall & Ilsley Corp. Milwaukee	Fifth Third Bancorp Cincinnati	11-Apr	Pending	11	450,000	NA	Ariz.
5	Klamath First Bancorp Klamath Falls, Ore.	Washington Mutual Inc. Seattle	29-May	Pending	13	416,000	8	Ore.
6	Colonial BancGroup Inc. Montgomery, Ala.	Union Planters Corporation Memphis	18-Jun	Pending	13	358,000	NA	Ala., Fla.
7	Fulton Financial Corp. Lancaster, Pa.	Sovereign Bancorp Inc. Wyomissing, Pa.	Jan. 29	8-Jun	18	319,000	9.4	Del, N.J., Pa.
8	Richmond County Financial Corp. New York	FleetBoston Financial Corp. Boston	Feb. 27	22-Jun	7	300,000	NA	N.J., N.Y
9	BancWest Corp. Honolulu	UnionBanCal Corp. San Francisco	31-May	Pending	3	216,379	NA	GU, MP
10	Chemical Financial Corp. Midland, Mich.	Fifth Third Bancorp Cincinnati	23-Mar	Pending	4	150,600	10.92	Mich.
11	Exchange Bancshares Mayfield, Ky.	Union Planters Corp. Memphis	8-May	Pending	6	116,841	4.71	Ky.
12	Commonwealth Community Bancorp Grundy, Va.	First Union Corp. Charlotte, N.C.	Feb. 23	Feb. 23	2	115,505	NA	Va.
13	Affinity Bank Ventura, Calif.	Firstplus Bank Tustin, Calif.	Jan. 3	1-Mar	1	103,100	2.5	Calif.
14	Stockmen’s Bancorp Kingman, Ariz.	Community First Bankshares Fargo, N.D.	22-Mar	22-Jun	8	92,500	3.65	Ariz.
15	National Bancshares Bettendorf, Iowa	Amcore Financial Inc. Rockford, Ill.	5-Mar	18-May	1	85,510	NA	Ill.
16	First Farmers Financial Corp. Converse, Ind.	Lakeland Financial Corp. Warsaw, Ind.	29-Jun	Pending	5	80,000	NA	Ind.
17	Stockman Financial Corp. Miles City, Mont.	Glacier Bancorp Inc. Kalispell, Mont.	23-Mar	Pending	6	79,006	NA	Mont.
18	NetBank Inc. Roswell, Ga.	CompuBank Houston	29-Mar	31-Mar	1	75,700	5.28	Tex.
19	Enterprise Bank of South Carolina Ehrhardt, S.C.	Community Capital Corp. Greenwood, S.C.	Jan. 29	14-May	5	70,000	NA	S.C.
20	1st Source Corp. South Bend, Ind.	Fifth Third Bancorp Cincinnati	23-Mar	Pending	2	65,000	NA	Mich.
21	First Citizens Bancorp of S.C. Columbia, S.C.	South Financial Group Inc. (The) Greenville, S.C.	19-Mar	Pending	4	56,000	NA	S.C.
22	Gold Banc Corp. Leawood, Kan.	NASB Financial Inc. Grandview, Mont.	5-Apr	Pending	1	55,000	7.27	Kan.
23	Pointe Financial Corp. Boca Raton, Fla.	Republic Bancshares Inc. St Petersburg, Fla.	Jan. 4	20-Apr	5	53,700	4.84	Fla.
24	Sun Bancorp Selinsgrove, Pa.	Mellon Financial Corp. Pittsburgh	Feb. 2	31-May	2	51,000	11.27	Pa.
25	Liberty Bancshares Arnolds Park, Iowa	U.S. Bancorp Minneapolis	Feb. 6	8-Jun	2	48,898	NA	Ind.
	Totals and averages for the top 25 deals				187	$5,231,739	6.18%
	Totals and averages for all 120 deals				315	$6,722,261	6.74%