Top Bank and Thrift Deals Announced in First Half of 2005
Published August 16, 2005, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Top Bank and Thrift Deals Announced in First Half of 2005
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| August 16, 2005 | |||||||||||
| Buyer | Seller | Announced | Completed (or status) | Price | Price to: | Buyer's assets | Seller's: | ||||
| Equity | 12-mo. net | Assets | Employees | Branches | |||||||
| 1 | Bank of America Corp. Charlotte | MBNA Corp. Wilmington, Del. | June 30 | pending | $35,810,246 | 2.76 | 15.99 | $1,212,239,000 | $61,426,108 | 26,292 | 5 |
| 2 | Washington Mutual Inc. Seattle | Providian Financial Corp. San Francisco | June 06 | pending | 6,622,925 | 1.94 | 13.09 | 319,696,000 | 13,365,153 | 3,283 | 4 |
| 3 | Capital One Financial Corp. McLean, Va. | Hibernia Corp. New Orleans | March 06 | pending | 5,313,229 | 2.64 | 17.48 | 53,747,255 | 22,308,088 | 6,210 | 242 |
| 4 | BancWest Corp. Honolulu | Commercial Federal Corp. Omaha | June 13 | pending | 1,362,322 | 1.72 | NA | 51,415,986 | 10,385,273 | 2,875 | 198 |
| 5 | Associated Banc-Corp. Green Bay, Wis. | State Financial Services Corp. Milwaukee | March 21 | pending | 276,264 | 2.30 | 18.71 | 20,520,136 | 1,475,883 | 367 | 30 |
| 6 | Boston Private Financial Holdings Inc. Boston | Gibraltar Financial Corp. Coral Gables, Fla. | April 19 | pending | 245,000 | 3.23 | 14.22 | 3,270,277 | 888,280 | 170 | 5 |
| 7 | Colonial BancGroup Inc. Montgomery, Ala. | FFLC Bancorp Inc. Leesburg, Fla. | Jan. 18 | May 18 | 224,691 | 2.61 | 21.97 | 18,897,150 | 1,065,287 | 264 | 15 |
| 8 | Mercantile Bankshares Corp. Baltimore | Community Bank of Northern Virginia Sterling | Jan. 25 | May 18 | 211,878 | 3.41 | 22.59 | 14,425,690 | 879,919 | 127 | 13 |
| 9 | MAF Bancorp Inc. Clarendon Hills, Ill. | EFC Bancorp Inc. Elgin, Ill. | June 30 | pending | 178,257 | 1.94 | 26.74 | 9,715,529 | 1,011,546 | 156 | 9 |
| 10 | East West Bancorp Inc. San Marino, Calif. | United National Bank San Marino, Calif. | June 30 | pending | 164,670 | 2.30 | 16.38 | 6,371,028 | 970,268 | 165 | 11 |
| 11 | Willow Grove Bancorp Inc. Maple Glen, Pa. | Chester Valley Bancorp Inc. Downingtown, Pa. | Jan. 20 | pending | 151,527 | 2.61 | 22.67 | 993,120 | 669,115 | 177 | 11 |
| 12 | Flag Financial Corp. La Grange, Ga. | First Capital Bancorp Inc. Norcross, Ga. | May 26 | pending | 135,991 | 2.25 | 39.79 | 828,337 | 658,235 | 104 | 2 |
| 13 | Cullen/Frost Bankers Inc. San Antonio | Horizon Capital Bank Houston | April 20 | pending | 115,129 | 3.15 | 32.00 | 9,849,192 | 380,030 | 104 | 5 |
| 14 | Capital Bank Corp. Raleigh | 1st State Bancorp Inc. Burlington, N.C. | June 29 | pending | 114,614 | 1.66 | 29.40 | 887,312 | 372,753 | 72 | 6 |
| 15 | First Citizens Bancorp. Inc. Columbia, S.C. | Summit Financial Corp. Greenville, S.C. | March 07 | July 01 | 110,206 | 2.67 | 22.43 | 4,533,651 | 320,938 | 87 | 5 |
| 16 | First National Security Co. De Queen, Ark. | First Community Banking Corp. Hot Springs, Ark. | Jan. 21 | April 23 | 92,396 | 2.06 | 20.26 | 504,592 | 375,809 | 132 | 17 |
| 17 | Fulton Financial Corp. Lancaster, Pa. | SVB Financial Services Inc. Somerville, N.J. | Jan. 11 | July 01 | 89,420 | 2.93 | 24.30 | 11,158,351 | 482,958 | 112 | 11 |
| 18 | NBT Bancorp Inc. Norwich, N.Y. | CNB Bancorp Inc. Gloversville, N.Y. | June 14 | pending | 89,060 | 2.16 | 19.73 | 4,255,439 | 419,447 | 109 | 9 |
| 19 | PrivateBancorp Inc. Chicago | Bloomfield Hills Bancorp Mich. | April 14 | June 20 | 64,000 | 3.39 | 19.48 | 2,601,690 | 313,523 | 73 | 3 |
| 20 | First Community Bancorp Rancho Santa Fe, Calif. | First American Bank Rosemead, Calif. | April 28 | pending | 62,300 | 2.93 | 26.38 | 3,046,854 | 224,519 | 76 | 4 |
| 21 | Pacific Capital Bancorp Santa Barbara, Calif. | First Bancshares Inc. San Luis Obispo, Calif. | Feb. 28 | pending | July 16 | 2.98 | 24.16 | 6,024,785 | 279,960 | 85 | 2 |
| 22 | Capital City Bank Group Inc. Tallahassee, Fla. | First Alachua Banking Corp Alachua, Fla. | Feb. 4 | May 20 | 57,963 | 2.28 | 22.52 | 2,364,013 | 231,778 | 99 | 8 |
| 23 | State National Bancshares Lubbock, Tex. | Heritage Financial Corp. Granbury, Tex. | May 18 | pending | 53,500 | 2.92 | 21.75 | 1,357,796 | 249,331 | 74 | 2 |
| 24 | Princeton National Bancorp Inc. Princeton, Ill. | Somonauk FSB Bancorp Inc. Somonauk, Ill. | Feb. 22 | pending | 49,697 | 2.05 | 19.82 | 655,738 | 210,284 | 54 | 4 |
| 25 | NewAlliance Bancshares Inc. New Haven | Cornerstone Bancorp Inc. Stamford, Conn. | April 13 | pending | 48,156 | 1.95 | 18.21 | 6,264,409 | 211,802 | 59 | 8 |
| 26 | First Community Bancorp Rancho Santa Fe, Calif. | Pacific Liberty Bank Huntington Beach, Calif. | June 09 | pending | 41,806 | 2.29 | 17.33 | 2,810,835 | 132,631 | 22 | 2 |
| 27 | UCBH Holdings Inc. San Francisco | Pacifica Bancorp Inc. Bellevue, Wash. | May 24 | pending | 40,300 | 2.29 | 11.90 | 6,488,772 | 170,076 | 47 | 2 |
| 28 | Community Bancorp Las Vegas | Bank of Commerce Henderson, Nev. | May 19 | pending | 40,000 | 2.41 | 26.39 | 573,961 | 155,678 | 36 | 3 |
| 29 | MetroCorp Bancshares Inc. Houston | First United Bank San Diego | June 08 | pending | 38,701 | 2.97 | 24.67 | 890,541 | 168,231 | 28 | 3 |
| 30 | First California Bank Camarillo, Calif. | South Coast Bancorp Inc. Irvine, Calif. | Feb. 2 | pending | 36,000 | 2.20 | 12.38 | 283,743 | 146,513 | 33 | 2 |
| 31 | Security Bank Corp. Macon, Ga. | SouthBank Woodstock, Ga. | Jan. 19 | June 08 | 35,977 | 2.38 | 31.90 | 1,063,485 | 113,781 | 23 | 1 |
| 32 | First Busey Corp. Urbana, Ill. | Tarpon Coast Bancorp Inc. Port Charlotte, Fla. | Feb. 24 | pending | 35,565 | 3.05 | 49.03 | 1,964,441 | 145,633 | 60 | 4 |
| 33 | Peoples Community Bancorp Inc. West Chester, Ohio | PFS Bancorp Inc. Aurora, Ind. | May 04 | pending | 34,670 | 1.65 | 37.79 | 873,338 | 129,754 | 31 | 4 |
| 34 | First Banks Inc. Clayton, Mo. | International Bank of California Los Angeles | May 02 | pending | 33,574 | 1.89 | 41.81 | 8,724,924 | 174,488 | 76 | 7 |
| 35 | Exchange National Bancshares Inc. Jefferson City, Mo. | Bank 10 Belton, Mo. | Feb. 28 | May 02 | 33,357 | 2.45 | 17.84 | 923,874 | 171,732 | 73 | 5 |
| 36 | Citizens South Banking Corp. Gastonia, N.C. | Trinity Bank Monroe, N.C. | May 25 | pending | 33,286 | 2.50 | 17.26 | 508,961 | 150,973 | 37 | 3 |
| 37 | First Security Group Inc. Chattanooga, Tenn. | Jackson Bank and Trust Gainesboro, Tenn. | May 12 | pending | 33,100 | 1.91 | 18.14 | 797,772 | 170,645 | 55 | 5 |
| 38 | First Horizon National Corp. Memphis | West Metro Financial Services Dallas, Ga. | March 15 | pending | 32,000 | 2.22 | 40.92 | 29,771,683 | 130,743 | 32 | 2 |
| 39 | Western Illinois Bancshares Inc. | Midwest Bank of Western Illinois Monmouth | May 31 | pending | 30,000 | 1.27 | 20.44 | NA | 274,115 | 76 | 6 |
| 40 | South Georgia Bank Holding Co. Omega, Ga. | Community National Bancorp. Ashburn, Ga. | June 17 | pending | 29,500 | 1.65 | NA | 181,338 | 139,165 | 49 | 4 |
| 41 | MainSource Financial Group Inc. Greensburg, Ind. | Madison Bank and Trust Co. Ind. | March 10 | pending | 29,161 | 2.24 | NA | 1,549,379 | 216,029 | 37 | 6 |
| 42 | Community Bancorp Inc. Escondido, Calif. | Rancho Bernardo Community Bank San Diego | April 22 | pending | 27,850 | 2.85 | 18.23 | 641,606 | 107,513 | 27 | 1 |
| 43 | Millennium Bankshares Corp. Reston, Va. | Albemarle First Bank Charlottesville, Va. | June 10 | pending | 27,154 | 2.47 | NA | 371,858 | 120,626 | 51 | 4 |
| 44 | FirstBank Corp. Alma, Mich. | Keystone Financial Corp. Kalamazoo, Mich. | May 12 | pending | 26,572 | 2.24 | 32.55 | 806,135 | 142,383 | 37 | 4 |
| 45 | Venture Financial Group Inc. Lacey, Wash. | Washington Commercial Bancorp Redmond | April 22 | pending | 25,400 | 2.63 | 21.38 | 556,216 | 103,657 | 26 | 3 |
| 46 | Interchange Financial Services Corp. Saddle Brook, N.J. | Franklin Bank Nutley, N.J. | June 24 | pending | 24,800 | 2.33 | 20.58 | 1,488,849 | 78,906 | 14 | 1 |
| 47 | Coastal Banking Co. Inc. * Beaufort, S.C. | First Capital Bank Holding Corp. * Fernandina Beach, Fla. | April 06 | pending | 24,747 | 1.40 | 21.72 | 144,764 | 141,799 | 31 | 1 |
| 48 | FNB Corp. Asheboro, N.C. | United Financial Inc. Graham, N.C. | May 10 | pending | 24,350 | 2.20 | NA | 862,891 | 147,055 | 48 | 3 |
| 49 | Franklin Bank Corp. Houston | Elgin Bank of Texas | Jan. 27 | pending | 23,400 | 2.30 | 37.86 | 3,479,734 | 84,471 | 46 | 3 |
| 50 | MutualFirst Financial Inc. Muncie, Ind. | Fidelity Federal Savings Bank Marion, Ind. | March 03 | pending | 20,000 | NA | NA | 839,387 | 109,792 | 31 | 3 |
| Totals and averages for top 50 deals | $52,485,540 | 2.38 | 23.87 | ||||||||
| Totals and averages for all deals | $52,768,528 | 2.11 | 25.1 | ||||||||
*Merger of equals
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