Top 25 Branch Sales Announced in the First Half of 2002

Published August 06, 2002, 1:00 a.m. EDT

Updated June 27, 2012, 1:05 p.m. EDT

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Top 25 Branch Sales Announced in the First Half of 2002

Top 25 Branch Sales Announced in the First Half of 2002
Ranked by total deposits sold. Dollars in Thousands Published August 6, 2002
	Buyer	Target	Announced	Completed(or status)	Branches	Deposits	Premiums to deposits (%)	Branch location
1	Temple-Inland Inc. Diboll, Tex.	Westcorp Irvine , Calif.	3-Jun	Pending	7	$642,576	NA	Calif.
2	First BanCorp Santurce, Puerto Rico	J.P. Morgan Chase & Co. New York	28-Feb	Pending	8	342,000	NA	Virgin Islands
3	Banterra Corp. Eldorado, Ill.	Fifth Third Bancorp Cincinnati	3-May	Pending	3	145,676	5	Ill.
4	First Federal Capital Corp. La Crosse, Wis.	Wells Fargo & Co. San Francisco	17-Jan	19-Apr	3	128,000	16.09	Minn.
5	JNL Thrift Holdings Lansing, Mich.	Fremont Investment and Loan Anaheim, Calif.	18-Apr	24-Jun	1	105,000	NA	Calif.
6	Northway Financial Inc. Berlin, N.H.	FleetBoston Financial Corp.	22-May	Pending	3	95,000	NA	N.H.
7	Hopfed Bancorp Inc. Hopkinsville, Ky.	Old National Bancorp Evansville, Ind.	5-Mar	Pending	2	90,000	6.46	Ky.
8	Capitol Bancorp. Britton, S.D.	Wells Fargo & Co. San Francisco	1-Feb	Pending	2	84,696	NA	S.D.
9	Northwestern Savings Bank and Trust Traverse City, Mich.	ABN AMRO North America Inc. Chicago	7-May	Pending	6	84,139	NA	Mich.
10	Altrust Financial Services Cullman, Ala.	Community Bancshares Inc. Blountsville, Ala.	7-Mar	31-May	6	79,500	6.16	Ala.
11	First Carmi Bancshares Carmi, Ill.	Fifth Third Bancorp Cincinnati	7-Apr	Pending	2	67,626	NA	Ill.
12	Summit Bancshares Ltd. Olney, Ill.	Old National Bancorp Evansville, Ind.	25-Feb	Pending	2	67,056	NA	Ill.
13	First Banks America Inc. Clayton, Mo.	Union Planters Corp. Memphis,	13-Mar	22-Jun	2	65,100	2.1	Tex.
14	Milford Bancorp. Iowa	Commercial Financial Corp. Storm Lake, Iowa	12-Feb	Pending	3	60,000	4.67	Iowa
15	Bank of Agriculture and Commerce Stockton, Calif.	City National Corp. Beverly Hills	5-Mar	Pending	2	59,548	NA	Calif.
16	First Dakota Financial Corp Yankton, S.D.	Wells Fargo & Co. San Francisco	12-Feb	10-May	2	55,317	NA	S.D.
17	Decatur Investment Inc. Oberlin, Kan.	Gold Banc Corp. Inc. Leawood, Kan.	2-Jan	4-May	3	48,800	NA	Kan.
18	MainSource Financial Group Inc. Greensburg, Ind.	Old National Bancorp Evansville, Ind.	25-Feb	Pending	4	47,833	NA	IL, IN
19	Flint Hills Bancshares Inc. Gridley, Kan.	Home Savings Bank Chanute, Kan.	30-Apr	Pending	1	47,449	NA	Kan.
20	State Financial Investments Winfield, Kan.	Commerce Bancshares Inc. Kansas City, Mo.	20-Mar	Pending	2	45,736	6.43	Kan.
21	Plains Commerce Bank Hoven, S.D.	Wells Fargo & Co. San Francisco	24-Jan	10-May	1	42,368	6.15	S.D.
22	First Farmers and Merchants Corp. Columbia, Tenn.	Community Bancshares Inc. Blountsville, Ala.	24-Jan	31-Mar	2	33,848	5.57	Tenn.
23	Citizens National Bank - Milam County Cameron, Tex.	International Bancshares Corp. Laredo, Tex.	30-Apr	Pending	1	31,195	NA	Tex.
24	First Belleville Bancshares Scandia, Kan.	Team Financial Inc. Paola, Kan.	27-Feb	Pending	2	30,000	NA	Kan.
25	215 Holding Co. Minneapolis	Wells Fargo & Co. San Francisco	15-Mar	Pending	2	29,160	NA	Minn.
	Totals and averages for the top 25 branch sale transactions				72	$2,527,623	6.51
	Totals and averages for all 61 branch sale transactions				116	$3,091,042	5.82