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Top Bank and Thrift Deals Announced in First Half of 2006

August 15, 2006, 10:08 a.m. EDT 1 Min Read
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Top Bank and Thrift Deals Announced in First Half of 2006

Top Bank and Thrift Deals Announced in First Half of 2006
Ranked by price
Published August 15, 2006
Rank Buyer Seller Announced Completed (or status) Price (millions) Price to: Buyer's assets Seller's:
Equity 12-mo. Net Assets Branches
1 Wachovia Corp. Charlotte Golden West Financial Corp. Oakland, Calif. May 07 pending $25,504.90 2.82 16.68 $541,842,000 $127,556,456 283
2 Capital One Financial Corp. McLean, Va. North Fork Bancorp. Inc. Melville, N.Y. March 12 pending 14,567.80 1.62 15.35 88,701,411 57,616,871 351
3 Regions Financial Corp. Birmingham, Ala. AmSouth Bancorp. Birmingham, Ala. May 24 pending 10,060.30 2.78 13.82 84,594,518 52,858,162 694
4 JPMorgan Chase & Co. New York Bank of New York Retail Banking Division April 07 pending 3,100.00 NA NA 1,198,942,000 NA 338
5 Banco Bilbao Vizcaya Argentaria SA Spain Texas Regional Bancshares Inc. McAllen June 12 pending 2,164.60 3.3 24.72 NA 6,633,994 77
6 Citizens Banking Corp. Flint, Mich. Republic Bancorp Inc. Owosso, Mich. June 26 pending 1,033.50 2.54 15.13 7,663,317 6,243,670 85
7 Washington Mutual Inc. Seattle Commercial Capital Bancorp Inc. Irvine, Calif. April 23 pending 993.20 1.32 15.27 343,839,000 5,744,293 24
8 Banco Bilbao Vizcaya Argentaria SA Spain State National Bancshares Inc. Fort Worth June 12 pending 480.80 2.23 26.96 NA 1,692,678 43
9 TD Banknorth Inc. Portland, Maine Interchange Financial Services Corp. Saddle Brook, N.J. April 13 pending 480.70 2.69 24.4 32,095,353 1,631,386 30
10 MB Financial Inc. Chicago First Oak Brook Bancshares Inc. Ill. May 01 pending 378.40 2.86 23.98 5,856,930 2,326,245 21
11 Umpqua Holdings Corp. Portland, Ore. Western Sierra Bancorp Cameron Park, Calif. Feb. 7 completed 356.30 2.74 20.08 5,360,639 1,292,573 33
12 Sky Financial Group Inc. Bowling Green, Ohio Waterfield Mortgage Co. Inc. Fort Wayne, Ind. Feb. 3 pending 329.60 3.66 16.22 15,683,291 3,490,319 45
13 First Community Bancorp Rancho Santa Fe, Calif. Community Bancorp Inc. Escondido, Calif. May 15 pending 266.70 2.66 19.56 3,670,270 888,388 12
14 Hudson City Bancorp Inc. Paramus, N.J. Sound Federal Bancorp Inc. White Plains, N.Y. Feb. 8 pending 265.30 2.06 57.13 28,075,353 1,149,326 14
15 Grupo Financiero Banorte SA de CV Monterrey, Mexico INB Financial Corp. McAllen, Tex. Jan. 26 pending 259.00 5.82 14.85 NA 1,066,801 16
16 Trustmark Corp. Jackson, Miss. Republic Bancshares of Texas Inc. Houston April 13 pending 201.90 4.65 28.13 8,237,688 653,990 6
17 First Republic Bank San Francisco BWC Financial Corp. Walnut Creek, Calif. May 20 pending 176.90 3.36 19.57 9,578,763 564,239 7
18 Placer Sierra Bancshares Sacramento Southwest Community Bancorp Carlsbad, Calif. Feb. 15 completed 175.00 3.54 17.48 1,860,381 656,503 9
19 Webster Financial Corp. Waterbury, Conn. NewMil Bancorp Inc. New Milford, Conn. April 24 pending 172.50 3.25 19.34 17,907,186 872,991 20
20 Sterling Financial Corp. Spokane FirstBank NW Corp. Clarkston, Wash. June 04 pending 169.60 2.14 19.91 7,840,285 846,003 22
21 BB&T Corp. Winston-Salem, N.C. First Citizens Bancorp. Cleveland, Tenn. Jan. 11 pending 144.80 3.41 15.72 107,080,153 685,964 21
22 Mercantile Bankshares Corp. Baltimore James Monroe Bancorp Inc. Arlington, Va. March 27 pending 143.80 3.63 34.09 16,421,729 529,921 7
23 Community Bancorp Las Vegas Valley Bancorp Las Vegas June 28 pending 137.40 3.16 22.34 960,192 407,688 5
24 Midwest Banc Holdings Inc. Melrose Park, Ill. Royal American Corp. Inverness, Ill. Feb. 8 completed 133.40 2.95 25.99 2,307,608 507,252 5
25 Alabama National BanCorp. Birmingham PB Financial Services Corp. Duluth, Ga. May 24 pending 128.80 3.53 22.54 6,085,284 517,013 4
26 Castle Creek Capital III LLC Rancho Santa Fe, Calif. BB&T Bancshares Corp. Bloomingdale, Ill. June 02 pending 105.00 2.65 25.53 NA 438,272 5
27 First Charter Corp. Charlotte GBC Bancorp Inc. Lawrenceville, Ga. June 01 pending 101.30 2.94 15.5 4,283,356 418,322 2
28 Cathay General Bancorp Inc. Los Angeles Great Eastern Bank New York Feb. 16 completed 101.00 3.2 38.7 6,373,313 320,510 6
29 U.S. Bancorp Minneapolis Vail Banks Inc. Avon, Colo. May 31 pending 98.60 1.52 20.05 209,907,000 704,970 25
30 Banc Corp. Birmingham, Ala. Community Bancshares Inc. Blountsville, Ala. April 29 pending 96.60 2.42 58.58 1,431,967 572,468 18
31 National Mercantile Bancorp Los Angeles FCB Bancorp Camarillo, Calif. June 15 pending 88.40 NA NM 479,930 480,990 10
32 UMB Financial Corp. Kansas City, Mo. Mountain States Bancorp. Inc. Denver June 01 pending 83.00 2.16 25.06 7,637,312 282,034 4
33 Commerce Bancshares Inc. Kansas City, Mo. West Pointe Bancorp Inc. Belleville, Ill. April 13 pending 80.90 2.27 22.8 13,731,122 477,391 5
34 National Bancshares Inc. Bettendorf, Iowa Metrocorp Inc. East Moline, Ill. March 20 pending 79.50 1.82 16.18 468,982 570,536 20
35 Glacier Bancorp Inc. Kalispell, Mont. Citizens Development Co. Billings, Mont. April 20 pending 77.00 2.05 16.09 3,706,344 429,972 12
36 Western Alliance Bancorp. Las Vegas Bank of Nevada Las Vegas Jan. 16 completed 74.00 3.03 18.97 2,745,014 280,554 3
37 First Place Financial Corp. Warren, Ohio Northern Savings and Loan Co. Elyria, Ohio Jan. 27 completed 72.40 1.67 25.48 2,626,531 340,807 6
38 Banc Corp. Birmingham, Ala. Kensington Bankshares Inc. Tampa March 06 pending 70.90 2.52 24.63 1,415,469 324,654 10
39 Inland Bancorp Holding Co. Oak Brook, Ill. Cambank Inc. Lake Zurich, Ill. June 06 pending 70.50 2.79 16.72 287,344 303,165 3
40 Riverside Banking Co. Fort Pierce, Fla. First Community Bank Holding Corp. Debary, Fla. April 05 pending 65.00 3.51 24.78 3,291,243 258,658 10
41 Sterling Financial Corp. Spokane Lynnwood Financial Group Mountlake Terrace, Wash. Feb. 12 completed 63.80 1.43 7.41 7,558,928 435,651 1
42 Vineyard National Bancorp Rancho Cucamonga, Calif. Rancho Bank San Dimas, Calif. April 19 pending 58.70 3.12 22.56 1,713,638 226,147 4
43 First Commonwealth Financial Corp. Indiana, Pa. Laurel Capital Group Inc. Allison Park, Pa. April 27 pending 57.60 2.06 28.07 5,944,510 309,506 8
44 Alliance Financial Corp. Syracuse, N.Y. Bridge Street Financial Inc. Oswego, N.Y. April 23 pending 55.20 2.11 46.64 980,421 228,504 8
45 UnionBancorp Inc. Ottawa, Ill. Centrue Financial Corp. Fairview Heights, Ill. June 30 pending 54.30 NA NM 661,707 626,303 21
46 Security Bank Corp. Macon, Ga. Homestead Bank Suwanee, Ga. April 19 pending 49.80 2.64 26.18 1,662,413 223,756 1
47 Castle Creek Capital LLC Rancho Santa Fe, Calif. Bankshares Inc. Melbourne, Fla. June 20 pending 45.00 3.1 21.76 NA 204,528 3
48 Mercantile Bancorp Inc. Quincy, Ill. Royal Palm Bancorp Inc. Naples, Fla. May 30 pending 42.30 2.65 54.32 1,140,745 147,394 3
49 Community Bank System Inc. De Witt, N.Y. ES&L Bancorp Inc. Elmira, N.Y. April 20 pending 39.50 1.83 13.31 4,152,734 212,193 2
50 Crescent Financial Corp. Cary, N.C. Port City Capital Bank Wilmington, N.C. April 06 pending 39.00 2.95 20.52 410,788 163,511 1
51 Enterprise Financial Services Corp Saint Louis NorthStar Bancshares Inc. North Kansas City, Mo. March 22 completed 36.00 1.95 56.51 1,286,968 211,114 5
52 Bank Holdings Reno NNB Holdings Inc. Reno May 17 pending 36.00 3.1 23.18 400,986 147,444 2
53 NBC Capital Corp. Starkville, Miss. SunCoast Bancorp Inc. Sarasota, Fla. March 16 pending 35.10 2.47 41.39 1,446,117 122,487 3
54 BNC Bancorp Thomasville, N.C. SterlingSouth Bank and Trust Co. Greensboro, N.C. Feb. 6 pending 34.90 2.76 30.94 578,755 148,281 2
55 Commerce Bancshares Inc. Kansas City, Mo. Boone National Savings and Loan Columbia, Mo. April 04 pending 31.60 2.06 35.75 13,885,545.00 154,518 4
56 Silver State Bancorp Henderson, Nev. Choice Bank Scottsdale, Ariz. March 29 pending 31.20 2.76 42.12 808,161 91,071 2
57 Community Bank Shares of Indiana Inc. New Albany Bancshares Inc. Scottsburg, Ind. Feb. 15 completed 31.10 2.26 23.57 665,008 122,769 4
58 First Muskogee Financial Corp. Okla. First Financial Bancshares Inc. Roland, Okla. Jan. 19 completed 30.00 2.39 19.47 112,305 176,319 3
59 Farmers Capital Bank Corp. Frankfort, Ky. Citizens National Bancshares Inc. Nicholasville, Ky. April 12 pending 30.00 2.25 21.13 1,672,576 153,322 4
60 ChoiceOne Financial Services Inc. Sparta, Mich. Valley Ridge Financial Corp. Kent City, Mich. April 25 pending 29.30 NA NM 248,110 216,401 9
61 Centra Financial Holdings Inc. Morgantown, W.Va. Smithfield State Bank of Smithfield Pennsylvania April 07 pending 28.80 1.51 40.03 550,756 236,244 4
62 Premier Community Bankshares Inc. Winchester, Va. Albemarle First Bank Charlottesville, Va. Jan. 12 completed 28.70 2.51 NM 665,386 120,124 3
63 Emprise Financial Corp. Wichita Prairie Capital Inc. Augusta, Kan. April 18 pending 25.90 1.97 NM 808,217 289,492 11
64 First Banks Inc. Clayton, Mo. San Diego Community Bank Chula Vista, Calif. May 10 pending 25.50 2.04 22.37 9,398,689 92,431 3
65 West Coast Bancorp Lake Oswego, Ore. Mid-Valley Bank Woodburn, Ore. Feb. 1 completed 25.20 2.84 41.09 1,997,138 99,254 4
66 First Mid-Illinois Bancshares Inc. Mattoon Mansfield Bancorp Inc. Ill. Feb. 14 completed 24.00 1.62 18.32 840,886 122,147 3
67 Franklin Financial Services Corp. Chambersburg, Pa. Fulton Bancshares Corp. McConnellsburg, Pa. Jan. 23 completed 23.50 1.55 NM 608,650 139,357 7
68 Sterling Financial Corp. Lancaster, Pa. Bay Net Financial Inc. Bel Air, Md. March 30 pending 22.30 3.38 24.54 2,965,737 96,743 2
69 FC Holdings Inc. Houston Texas National Bancshares Inc. Tomball Feb. 17 completed 22.30 2.13 32.46 51,644 89,704 1
70 NBC Capital Corp. Starkville, Miss. Seasons Bancshares Inc. Blairsville, Ga. March 21 pending 22.00 3.08 NM 1,446,117 75,758 2
71 First Federal Financial Services Inc. Edwardsville, Ill. Clover Leaf Financial Corp. Edwardsville, Ill. Feb. 3 pending 21.90 2.1 35.51 139,487 127,853 3
72 Bancshares of Florida Inc. Naples Bristol Bank Coral Gables, Fla. March 07 pending 20.90 2.07 NM 569,782 91,338 1
73 Dickinson Financial Corp. II Kansas City, Mo. Southern Commerce Bank Tampa April 10 pending 20.80 2.01 23.89 4,031,356 91,894 1
74 Great River Holding Co. Morris, Minn. First Federal Bancorp. Bemidji, Minn. May 21 pending 20.30 1.49 25.09 137,331 150,057 6
75 Glacier Bancorp Inc. Kalispell, Mont. First National Bank of Morgan Utah May 31 pending 20.00 2.14 17.73 3,800,158 70,546 2
Totals and averages for top 75 deals $64,271.80 2.59 25.67   $288,850,190 2,454
Totals and averages for all deals $64,643.20 2.35 25.87   $293,699,994 2,580


Source: SNL Financial, Charlottesville, Va. (www.snl.com)
© 2006 American Banker

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