Top Bank and Thrift Merger Bids Announced in 2002
February 13, 2003, 10:08 a.m. EST 1 Min Read
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Top Bank and Thrift Merger Bids Announced in 2002
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Published February 13, 2003 | |||||||||||
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Rank | Buyer | Target | Announced | Completed (or status) | Price | Equity | 12-mo. net | Buyer's assets | Assets | Employees | Branches |
1 | Citigroup Inc. New York | Golden State Bancorp Inc. San Francisco | May 21 | Nov. 6 | $5,754,955 | 2.1 | 12.91 | $1,057,657,000 | $54,088,675 | 8,207 | 352 |
2 | M&T Bank Corp. Buffalo | Allfirst Financial Inc. Baltimore | Sept. 26 | pending | 2,880,063 | 1.65 | 97.35 | 31,685,531 | 17,310,919 | 5,773 | 262 |
3 | Banknorth Group Inc. Portland, Maine | American Financial Holdings Inc. New Britain, Conn. | Aug. 22 | pending | 735,387 | 1.57 | 23.27 | 21,260,638 | 2,894,753 | 289 | 34 |
4 | Marshall & Ilsley Corp. Milwaukee | Mississippi Valley Bancshares Inc. St. Louis | June 17 | Oct. 1 | 507,509 | 3.03 | 17.61 | 28,560,477 | 2,042,192 | 321 | 8 |
5 | Citizens Financial Group Inc. Providence, R.I. | Commonwealth Bancorp Inc. Norristown, Pa. | Sept. 30 | pending | 497,787 | 3.11 | 25.47 | 55,461,865 | 1,763,820 | 763 | 63 |
6 | Citizens Financial Group Inc. Providence, R.I. | Medford Bancorp Inc. Mass. | June 13 | Oct. 15 | 281,958 | 2.45 | 19.04 | 52,972,492 | 1,446,167 | 269 | 21 |
7 | BB&T Corp. Winston-Salem, N.C. | Regional Financial Corp. Tallahassee, Fla. | May 22 | Sept. 13 | 274,637 | 2.82 | 16.8 | 74,949,720 | 1,585,362 | 324 | 14 |
8 | Chittenden Corp. Burlington, Vt. | Granite State Bankshares Keene, N.H. | Nov. 7 | pending | 249,330 | 2.65 | 17.29 | 4,965,783 | 1,107,364 | 334 | 19 |
9 | Fifth Third Bancorp Cincinnati | Franklin Financial Corp. Tenn. | July 24 | pending | 223,714 | 4.52 | 20.29 | 74,923,337 | 785,499 | 238 | 9 |
10 | Umpqua Holdings Corp. Portland, Ore. | Centennial Bancorp Portland, Ore. | July 23 | Nov. 15 | 218,714 | 2.13 | 17.64 | 1,489,711 | 820,522 | 290 | 22 |
11 | UCBH Holdings Inc. San Francisco | Bank of Canton of California San Francisco | July 3 | Oct. 28 | 218,465 | 1.26 | 15.87 | 3,194,137 | 1,448,770 | 155 | 12 |
12 | Rabobank Group Utrecht, Netherlands | VIB Corp El Centro, Calif. | July 31 | Dec. 27 | 212,448 | 2.23 | 17.89 | NA | 1,319,739 | 397 | 26 |
13 | Sky Financial Group Inc. Bowling Green, Ohio | Three Rivers Bancorp Inc. Monroeville, Pa. | May 7 | Sept. 30 | 161,069 | 1.92 | 19.99 | 9,460,646 | 1,010,450 | 255 | 27 |
14 | Banknorth Group Inc. Portland, Maine | Bancorp Connecticut Inc. Southington | April 11 | Aug. 31 | 157,925 | 2.48 | 15.75 | 20,855,138 | 676,210 | 128 | 7 |
15 | Royal Bank of Canada Toronto | Eagle Bancshares Inc. Tucker, Ga. | March 26 | July 19 | 153,434 | 1.77 | 81.9 | 13,741,799 | 1,148,807 | 283 | 14 |
16 | Royal Bank of Canada Toronto | Admiralty Bancorp Inc. Palm Beach Gardens, Fla. | Aug. 29 | pending | 149,826 | 2.96 | 35.58 | 14,085,354 | 577,778 | 117 | 10 |
17 | BB&T Corp. Winston-Salem, N.C. | FloridaFirst Bancorp Inc. Lakeland | Oct. 3 | terminated | 134,798 | 1.36 | 23.08 | 78,186,831 | 812,309 | 187 | 18 |
18 | First Community Bancorp Rancho Santa Fe, Calif | First National Bank San Diego | April 29 | Sept. 10 | 130,058 | 2.36 | NA | 1,199,817 | 649,131 | 221 | 9 |
19 | Seacoast Financial Services Corp. New Bedford, Mass. | Bay State Bancorp Inc. Brookline, Mass. | Dec. 19 | pending | 126,010 | 2.24 | 17.72 | 3,722,708 | 563,478 | 109 | 6 |
20 | Banknorth Group Inc. Portland, Maine | Warren Bancorp Inc. Peabody, Mass. | Aug. 8 | Dec. 31 | 125,586 | 2.63 | 18.28 | 21,260,638 | 459,726 | 150 | 8 |
21 | South Financial Group Inc. Greenville, S.C. | Gulf West Banks Inc. St. Petersburg, Fla. | March 21 | Aug. 31 | 115,049 | 2.65 | 21.4 | 6,029,442 | 516,041 | 195 | 15 |
22 | Midwest Banc Holdings Inc. Melrose Park, Ill. | CoVest Bancshares Inc. Des Plaines, Ill. | Nov. 1 | pending | 105,800 | 2.02 | 14.68 | 1,913,403 | 600,470 | 133 | 3 |
23 | Colonial BancGroup Inc. Montgomery, Ala. | Palm Beach National Holding Co. Fla. | May 28 | Sept. 3 | 105,500 | 2.52 | 25.62 | 13,184,294 | 344,478 | 116 | 10 |
24 | MAF Bancorp Inc. Clarendon Hills, Ill. | Fidelity Bancorp Inc. Chicago | Dec. 17 | pending | 101,440 | 1.79 | 12.1 | 5,902,523 | 692,979 | 147 | 5 |
25 | Synovus Financial Corp Columbus, Ga. | FNB Newton Bankshares Inc. Covington, Ga. | Sept. 26 | pending | 98,241 | 2.76 | 21.52 | 17,315,782 | 338,245 | 112 | 10 |
26 | Main Street Banks Inc. Kennesaw, Ga. | First Colony Bancshares Inc. Alpharetta, Ga. | Dec. 11 | pending | 95,960 | 3.68 | 18.55 | 1,250,303 | 292,350 | 49 | 3 |
27 | National Penn Bancshares Inc. Boyertown, Pa. | FirstService Bank Doylestown, Pa. | Sept. 24 | pending | 94,459 | 2.98 | 29.16 | 2,785,599 | 399,605 | 129 | 8 |
28 | MB Financial Inc. Chicago | South Holland Bancorp Inc. Ill. | Nov. 4 | pending | 93,100 | 1.23 | 15.64 | 3,819,973 | 532,569 | 218 | 5 |
29 | Charter One Financial Inc. Cleveland | Charter National Bancorp Inc. Wyandotte, Mich. | Jan. 11 | May 24 | 90,343 | 3.3 | 27.53 | 38,174,516 | 269,092 | 119 | 9 |
30 | Charter Financial Corp.* West Point, Ga. | Flag Financial Corp.* La Grange, Ga. | Feb. 15 | terminated | 87,506 | 1.58 | 21.32 | 807,302 | 570,202 | 267 | 21 |
31 | S&T Bancorp Inc. Indiana, Pa. | Peoples Financial Corp. Inc. Ford City, Pa. | March 20 | Sept. 7 | 87,434 | 2.15 | 17.03 | 2,357,874 | 321,699 | 97 | 9 |
32 | Interchange Financial Services Corp. Saddle Brook, N.J. | Bridge View Bancorp Englewood Cliffs, N.J. | Nov. 18 | pending | 87,331 | 3.04 | 21.21 | 920,912 | 272,506 | 95 | 11 |
33 | Synovus Financial Corp Columbus, Ga. | Community Financial Group Inc. Nashville | April 30 | July 31 | 84,613 | 2.06 | 23.02 | 16,725,734 | 490,547 | 105 | 6 |
34 | Pacific Northwest Bancorp Seattle | Bank of the Northwest Portland, Ore. | July 22 | Nov. 13 | 84,279 | 2.68 | 19.87 | 2,857,041 | 353,801 | 80 | 5 |
35 | Synovus Financial Corp Columbus, Ga. | United Financial Holdings St. Petersburg, Fla. | Sept. 25 | pending | 83,829 | 2.95 | 22.44 | 17,315,782 | 408,062 | 138 | 8 |
36 | Sky Financial Group Inc. Bowling Green, Ohio | Metropolitan Financial Corp. Highland Hills, Ohio | Oct. 24 | pending | 78,645 | 1.55 | NA | 9,945,028 | 1,496,838 | 472 | 24 |
37 | Kearny Financial Corp. N.J. | West Essex Bancorp Inc. Caldwell, N.J. | Sept. 11 | pending | 72,160 | 3.35 | 20.78 | 1,286,105 | 390,333 | 55 | 9 |
38 | Hawthorne Financial Corp. El Segundo, Calif | First Fidelity Bancorp Inc. Tustin, Calif. | March 20 | Aug. 23 | 68,430 | 1.74 | 8.62 | 1,856,197 | 616,783 | 78 | 4 |
39 | South Financial Group Inc. Greenville, S.C. | Central Bank of Tampa | Oct. 3 | Dec. 31 | 68,000 | 2.37 | 16.76 | 6,885,968 | 214,640 | 62 | 5 |
40 | First Niagara Financial Group Inc. Lockport, N.Y. | Finger Lakes Bancorp Inc. Geneva, N.Y. | July 22 | pending | 67,166 | 1.71 | 25.57 | 2,872,223 | 387,818 | 103 | 7 |
41 | First State Bancorp. Albuquerque | First Community Industrial Bank Denver | May 22 | Oct. 1 | 67,000 | 2.5 | 9.39 | 819,625 | 412,951 | 85 | 10 |
42 | BOK Financial Corp. Tulsa | Bank of Tanglewood Houston | May 16 | Oct. 25 | 65,000 | 3.65 | 24.61 | 10,856,944 | 234,696 | 52 | 4 |
43 | Kearny Financial Corp. N.J. | Pulaski Bancorp Inc. Springfield, N.J. | Jan. 10 | Oct. 21 | 64,276 | 2.49 | 62.94 | 1,210,943 | 236,989 | 69 | 9 |
44 | Partners Trust Financial Group Inc. Utica, N.Y. | Herkimer Trust Corp. Little Falls, N.Y. | Aug. 13 | Dec. 27 | 64,000 | 2.21 | 18.55 | 1,037,319 | 323,620 | 179 | 12 |
45 | KeyCorp Cleveland | Union Bankshares Ltd. Denver | Sept. 25 | Dec. 12 | 62,956 | 1.8 | 19.23 | 82,778,000 | 453,822 | 173 | 7 |
46 | UnionBanCal Corp. San Francisco | Valencia Bank and Trust Santa Clarita, Calif. | Aug. 6 | Oct. 31 | 62,000 | 2.76 | 18.32 | 36,136,725 | 267,209 | 81 | 5 |
47 | First Merchants Corp. Muncie, Ind. | CNBC Bancorp Worthington, Ohio | Aug. 28 | pending | 58,161 | 2.3 | 16.27 | 2,663,984 | 317,329 | 71 | 1 |
48 | First Southern Bancorp Inc. Stanford, Ky. | South Central Bancshares Russellville, Ky. | Dec. 18 | pending | 55,000 | 1.37 | 17.2 | 387,978 | 322,992 | 95 | 9 |
49 | BB&T Corp. Winston-Salem, N.C. | Equitable Bank Wheaton, Md. | Sept. 27 | pending | 52,600 | 1.6 | 13.77 | 76,333,441 | 476,808 | 78 | 5 |
50 | Commerce Bancshares Inc. Trenton, Tenn. | South Central Bancshares Russellville, Ky. | March 13 | terminated | 51,230 | 1.43 | 13.34 | 48,855 | 325,232 | 93 | 12 |
51 | Iberiabank Corp. New Iberia, La. | Acadiana Bancshares Inc. Lafayette, La. | Sept. 23 | pending | 51,170 | 1.68 | 20.2 | 1,436,759 | 312,915 | 90 | 7 |
52 | Greater Community Bancorp* Totowa, N.J. | 1st Constitution Bancorp* Cranbury, N.J. | Oct. 21 | terminated | 50,621 | 2.47 | 20.18 | 718,957 | 235,454 | 54 | 6 |
53 | Wayne Bancorp Inc. Wooster, Ohio | Banc Services Corp. Orrville, Ohio | Dec. 10 | pending | 45,640 | 2.4 | 16.75 | 606,784 | 206,341 | 82 | 7 |
54 | SNB Bancshares Inc. Macon, Ga. | Bank of Gray Ga. | Oct. 25 | pending | 43,278 | 1.96 | 14.52 | 530,426 | 216,362 | 37 | 1 |
55 | Banknorth Group Inc. Portland, Maine | Ipswich Bancshares Inc. Mass. | Feb. 27 | July 26 | 41,441 | 2.62 | 14.09 | 21,076,586 | 321,115 | 93 | 10 |
56 | Prosperity Bancshares Inc. Houston | Paradigm Bancorp. Inc. Houston | May 2 | Aug. 31 | 41,406 | 2.25 | 40.96 | 1,289,637 | 256,737 | 131 | 15 |
57 | First Indiana Corp. Indianapolis | MetroBanCorp Indianapolis | Sept. 4 | pending | 40,703 | 2.34 | 23.57 | 2,097,338 | 173,753 | 69 | 7 |
58 | MountainBank Financial Corp. Hendersonville, N.C. | Cardinal Bankshares Corp. Floyd, Va. | May 30 | pending | 36,858 | 1.68 | 17.53 | 611,927 | 184,724 | 61 | 5 |
59 | United Community Bancorp Hickory, N.C. | Community Bancshares Inc. Wilkesboro, N.C. | Aug. 5 | Dec. 31 | 35,799 | 2.03 | 33.52 | 353,634 | 137,148 | 50 | 6 |
60 | BPABank Newark, N.J. | Interbank of New York New York | Aug. 2 | pending | 35,000 | 1.67 | 17.64 | 192,226 | 247,044 | 59 | 4 |
61 | FBOP Corp. Oak Park, Ill. | P.N.B. Financial Corp. Chicago | Nov. 14 | pending | 34,842 | 1.22 | 16.13 | 10,533,500 | 237,844 | 68 | 1 |
62 | NSB Holding Corp. New York | Liberty Bancorp Inc. Avenel, N.J. | May 16 | Dec. 31 | 34,616 | 2.75 | 62.83 | 1,057,695 | 345,139 | 74 | 6 |
63 | Midwest Banc Holdings Inc. Melrose Park, Ill. | Big Foot Financial Corp. Long Grove, Ill. | July 22 | Jan. 3 | 33,584 | 1.1 | 31.26 | 1,876,585 | 227,382 | 60 | 4 |
64 | TriCo Bancshares Chico, Calif. | North State National Bank Chico, Calif. | Oct. 7 | pending | 31,808 | 2.31 | 14.96 | 1,073,523 | 144,195 | 36 | 3 |
65 | Peoples Bancorp Inc. Marietta, Ohio | Kentucky Bancshares Inc. Russell | Dec. 2 | pending | 30,468 | 1.8 | 19.54 | 1,358,321 | 127,002 | 42 | 5 |
66 | Nodaway Valley Bancshares Maryville, Mo. | Buchanan County Bancshares St. Joseph, Mo. | Sept. 24 | pending | 30,267 | 3.12 | NA | 353,381 | 156,550 | 58 | 3 |
67 | Sterling Financial Corp. Spokane | Empire Federal Bancorp Inc. Livingston, Mont. | Sept. 19 | pending | 29,776 | 1.02 | 93.02 | 3,088,078 | 213,303 | 51 | 4 |
68 | Yadkin Valley Bank and Trust Co. Elkin, N.C. | Main Street BankShares Inc. Statesville, N.C. | Jan. 23 | July 31 | 27,583 | 1.77 | 32.96 | 368,714 | 237,080 | 70 | 4 |
69 | Main Street Banks Inc. Kennesaw, Ga. | First National Bank of Johns Creek Suwanee, Ga. | July 18 | Dec. 11 | 27,013 | 2.47 | 40.1 | 1,206,440 | 99,671 | 22 | 2 |
70 | First South Bancorp Inc. Lexington, Tenn. | Murfreesboro Bancorp Inc. Tenn. | Dec. 11 | pending | 26,825 | 1.94 | 26.38 | 831,492 | 150,109 | 62 | 3 |
71 | Western Sierra Bancorp Cameron Park, Calif. | Mid Valley Bank Red Bluff, Calif. | May 20 | terminated | 22,797 | 1.79 | 38.77 | 542,280 | 169,230 | 75 | 4 |
72 | MainSource Financial Group Inc. Greensburg, Ind. | First Community Bancshares Inc. Bargersville, Ind. | Nov. 20 | pending | 22,336 | 2.09 | 34.72 | 1,234,638 | 148,802 | 85 | 11 |
73 | FNB Corp. Asheboro, N.C. | Rowan Bancorp Inc. China Grove, N.C. | Feb. 12 | Aug. 1 | 21,797 | 1.99 | 29.11 | 593,742 | 116,033 | 30 | 4 |
74 | Frandsen Financial Corp. Forest Lake, Minn. | Community National Corp. Grand Forks, N.D. | Jan. 5 | April 4 | 21,590 | 1.55 | 18.14 | 758,904 | 114,415 | 51 | 4 |
75 | Merchants and Manufacturers Bancorp New Berlin, Wis. | Fortress Bancshares Inc. Westby, Wis. | June 3 | Nov. 30 | 21,170 | 1.5 | 12.52 | 613,812 | 206,635 | 79 | 11 |
76 | Prosperity Bancshares Inc. Houston | Southwest BHC Dallas | July 15 | Oct. 1 | 21,000 | 1.43 | 17.63 | 1,360,356 | 129,595 | 46 | 3 |
77 | Capital Bank Corp. Raleigh | High Street Corp. Asheville, N.C. | May 1 | Dec. 1 | 20,710 | 1.36 | NA | 641,495 | 164,361 | 51 | 4 |
78 | Peoples Bancorp Inc. Marietta, Ohio | First Colony Bancshares Inc. Cambridge, Ohio | Jan. 4 | June 14 | 20,000 | 2.1 | 17.27 | 1,195,889 | 148,031 | 66 | 5 |
79 | BCSB Bankcorp Inc. Baltimore | WHG Bancshares Corp. Lutherville, Md. | Feb. 27 | July 24 | 19,457 | 1.08 | 45.55 | 411,320 | 163,892 | 36 | 5 |
80 | First Community Bancorp Rancho Santa Fe, Calif. | Marathon Bancorp Los Angeles | May 14 | Aug. 23 | 19,109 | 1.55 | 15.5 | 1,199,817 | 109,304 | 51 | 3 |
81 | First Citizens Bancshares Dyersburg, Tenn. | Metropolitan Bancshares Inc. Munford, Tenn. | March 4 | May 31 | 19,000 | 1.94 | 12.4 | 537,991 | 114,890 | 41 | 5 |
82 | Bank of Granite Corp. Granite Falls, N.C. | First Commerce Corp. Charlotte | Dec. 18 | Pending | 18,538 | 1.59 | 18.76 | 733,092 | 162,170 | 33 | 3 |
83 | First Community Bancorp Rancho Santa Fe, Calif. | Upland Bank Calif. | April 18 | Aug. 22 | 18,358 | 1.57 | 14.36 | 1,199,817 | 109,836 | 40 | 2 |
84 | First Banks Inc. St. Louis | Bank of Ste. Genevieve Mo. | Sept. 17 | Pending | 17,900 | 1 | NA | 7,006,062 | 111,572 | 35 | 2 |
85 | First Bancorp Troy, N.C. | Carolina Community Bancshares Inc. Latta, S.C. | July 16 | Pending | 17,700 | 1.99 | 13.85 | 1,202,577 | 67,239 | 32 | 3 |
86 | Pinnacle Bancorp Inc. Central City, Neb. | Keene Bancorp Inc. Tex. | May 24 | Sept. 5 | 17,600 | 1.95 | 9.23 | 2,866,881 | 115,952 | 72 | 5 |
87 | AmericanWest Bancorp. Spokane | Latah Bancorp. Inc. Wash. | April 1 | July 31 | 17,533 | 2.66 | 11.66 | 695,464 | 128,185 | 52 | 10 |
88 | Southern Financial Bancorp Inc. Warrenton, Va. | Metro-County Bank of Virginia Inc. Richmond | April 25 | Aug. 13 | 17,047 | 1.99 | 58.13 | 791,792 | 92,313 | 28 | 5 |
89 | Metropolitan Bank Group Inc. Chicago | FirstCom Bancorp Inc. Chicago | Jan. 29 | June 3 | 17,000 | 1.84 | 44.74 | 1,187,827 | 145,269 | 70 | 5 |
90 | Abington Bancorp Inc. Mass. | Massachusetts Fincorp Inc. Quincy | April 10 | Sept. 13 | 16,701 | 1.66 | 17.47 | 849,303 | 123,865 | 43 | 3 |
91 | Investor Group N.D. | North Star Holding Co. Jamestown, N.D. | June 10 | Sept. 12 | 16,494 | 1.55 | 11.27 | NA | 114,400 | 43 | 3 |
92 | Boston Bank of Commerce | Family Savings Bank FSB Los Angeles | July 31 | Pending | 16,227 | 1.32 | 7.18 | 251,192 | 200,828 | 77 | 4 |
93 | WestAmerica Bancorp. San Rafael, Calif. | Kerman State Bank Calif. | Feb. 25 | June 21 | 16,129 | 1.36 | 17.24 | 3,927,967 | 105,535 | 50 | 3 |
94 | Schaumburg Bancshares Inc. Hinsdale, Ill. | First Schaumburg Bancorp. Inc. Ill. | April 19 | Pending | 16,000 | 2.49 | 5.44 | NA | 95,054 | 28 | 2 |
95 | Douglas M. Kratz* Bettendorf, Iowa | StateFed Financial Corp.* Des Moines | Oct. 11 | terminated | 15,986 | 1.14 | 40.78 | NA | 101,995 | 27 | 3 |
96 | NASB Financial Inc. Grandview, Mo. | CBES Bancorp Inc. Excelsior Spring, Mo. | Sept. 6 | Dec. 20 | 15,331 | 1.08 | NA | 932,338 | 112,916 | 45 | 2 |
97 | Aviston Financial Corp. Trenton, Ill. | Aviston Bancorp Inc. Ill. | June 26 | Nov. 15 | 15,000 | 1.43 | 18.75 | NA | 94,023 | 16 | 2 |
98 | First Community Capital Corp. Houston | Express Bank Alvin, Tex. | Jan. 10 | May 10 | 15,000 | 2.23 | 9.24 | 287,565 | 83,807 | 32 | 2 |
99 | Johnson International Inc. Racine, Wis. | Capital Bancshares Inc. Green Bay, Wis. | July 16 | Oct. 1 | 14,802 | 1.68 | 14.79 | 2,337,035 | 79,051 | 16 | 2 |
100 | Northwest Bancorp Inc. Warren, Pa. | Prestige Bancorp Inc. Pleasant Hills, Pa. | Feb. 7 | Sept. 13 | 14,728 | 1.25 | NA | 4,121,293 | 194,786 | 59 | 4 |
101 | FBOP Corp. Oak Park, Ill. | American Home Loan Corp. Phoenix | June 24 | Oct. 3 | 14,697 | 2.49 | 10.25 | 10,377,833 | 116,177 | 29 | 2 |
102 | First Delta Bankshares Inc. Blytheville, Ark. | Bank of Trumann Ark. | April 12 | Aug. 30 | 14,280 | 1.3 | 20.4 | 194,712 | 83,355 | 22 | 1 |
103 | Putnam-Greene Financial Corp. Eatonton, Ga. | Citizens Bank of Cochran Ga. | Sept. 5 | Nov. 15 | 14,000 | 2.3 | 9.23 | 299,167 | 77,178 | 23 | 1 |
104 | Centerstate Banks of Florida Inc. Winter Haven | Centerstate Bank of Florida Winter Haven | April 16 | Dec. 31 | 13,903 | 1.52 | NA | 364,544 | 64,237 | 31 | 4 |
105 | MountainBank Financial Corp. Hendersonville, N.C. | CNB Holdings Inc. Pulaski, Va. | June 21 | pending | 13,826 | 1.69 | 22.74 | 611,927 | 55,583 | 22 | 2 |
106 | Gainesville Bank and Trust Bancshares Inc. Ga. | HomeTown Bank of Villa Rica Ga. | Jan. 31 | Nov. 30 | 13,531 | 1.74 | 31.32 | 547,596 | 96,442 | 48 | 2 |
107 | Bradford Bank Baltimore | Wyman Park Bancorp. Inc. Lutherville, Md. | July 9 | pending | 13,479 | 1.32 | 28.91 | 300,663 | 70,979 | 15 | 2 |
108 | Financial Corp. of Louisiana Crowley | Security Acadia Bancshares Rayne, La. | June 20 | pending | 13,437 | 1.11 | 10.64 | 116,423 | 130,694 | 71 | 6 |
109 | Legacy Bank Harrisburg, Pa. | Northern State Bank Towanda, Pa. | July 10 | Jan. 2 | 12,864 | 1.43 | NA | 117,632 | 79,370 | 33 | 3 |
110 | Citizens Holding Co. Philadelphia, Miss. | Citizens Bank and Trust Capital Corp. Louisville, Miss. | Jan. 22 | May 17 | 12,761 | 1.51 | 65.44 | 427,213 | 69,738 | 24 | 4 |
111 | Plains Capital Corp. Lubbock, Tex. | Independent Financial Inc. Lubbock, Tex. | Oct. 22 | pending | 12,500 | 1.62 | 18.94 | 1,454,968 | 76,909 | 42 | 3 |
112 | Prosperity Bancshares Inc. Houston | Texas Guaranty Bank, N.A. Houston | Feb. 22 | May 8 | 11,800 | 1.25 | NA | 1,262,325 | 82,204 | 39 | 3 |
113 | First Community Bancorp Rancho Santa Fe, Calif. | Bank of Coronado Calif. | Sept. 20 | pending | 11,697 | 1.88 | 57.12 | 1,211,508 | 77,251 | 43 | 3 |
114 | Classic Bancshares Inc. Ashland, Ky. | First Federal Financial Bancorp Inc. Ironton, Ohio | Dec. 30 | pending | 11,635 | 1.23 | 22.29 | 233,145 | 68,897 | 20 | 3 |
115 | Hazlehurst Investors Inc. Ga. | Bank of Hazlehurst Ga. | July 9 | Dec. 15 | 11,500 | 2.33 | 7.93 | NA | 61,716 | 27 | 2 |
116 | First Security Group Inc. Chattanooga, Tenn. | Premier National Bank Dalton, Ga. | Oct. 18 | pending | 11,487 | 1.65 | 37.79 | 397,397 | 82,233 | 36 | 2 |
117 | First Capital Inc. Corydon, Ind. | Hometown Bancshares Inc. New Albany, Ind. | Sept. 26 | pending | 11,301 | 1.56 | 22.69 | 291,312 | 82,323 | 29 | 3 |
118 | P.C.B. Bancorp Inc. Largo, Fla. | Gateway American Bancshares Inc. Fort Lauderdale, Fla. | June 25 | Oct. 4 | 11,259 | 1.2 | NA | 477,267 | 93,449 | 38 | 5 |
119 | Community Bankshares Inc. Denver | Tracy Federal Bank FSB Calif. | Oct. 1 | pending | 11,112 | 1.79 | 16.71 | 584,093 | 69,813 | 24 | 3 |
120 | Zions Bancorp Salt Lake City | Frontier State Bank Show Low, Ariz. | Aug. 19 | Nov. 25 | 10,881 | 1.54 | NA | 25,734,714 | 93,866 | 68 | 7 |
121 | Sterling Bancshares Inc. Houston | ENB Bankshares Inc. Dallas | May 22 | Sept. 13 | 10,098 | 2.42 | 44.6 | 2,789,373 | 66,607 | 21 | 2 |
122 | State Bankshares Inc. Fargo, N.D. | State Bank of Moorhead Minn. | Sept. 30 | Jan. 2 | 10,045 | 1.1 | 7.52 | 713,703 | 118,486 | 26 | 1 |
123 | Laurel Capital Group Inc. Allison Park, Pa. | SFSB Holding Co. Pittsburgh | Sept. 12 | pending | 9,947 | 1.33 | 62.8 | 278,061 | 53,457 | 20 | 2 |
124 | Citizens Bancshares Corp. Atlanta | CFS Bancshares Inc. Birmingham, Ala. | May 30 | pending | 9,500 | 1.09 | 14.3 | 292,099 | 108,177 | 34 | 3 |
125 | First Federal Bancshares Inc. Colchester, Ill. | PFSB Bancorp Inc. Palmyra, Mo. | June 4 | Nov. 22 | 9,229 | 0.97 | 29.08 | 234,889 | 71,906 | 18 | 3 |
126 | First Financial Corp. Arthur, N.D. | Omega City Holding Co. La Moure, N.D. | Feb. 19 | pending | 8,723 | 1.69 | 11.04 | 56,223 | 73,557 | 29 | 5 |
127 | Herky Hawk Financial Corp. Monticello, Iowa | Munter Agency Inc. Strawberry Point, Iowa | July 25 | pending | 8,642 | 2.7 | 19.22 | 131,373 | 42,387 | 13 | 1 |
128 | South Financial Group Inc. Greenville, S.C. | RHBT Financial Corp. Rock Hill, S.C. | Aug. 22 | Oct. 31 | 8,605 | 1.36 | NA | 6,165,497 | 250,578 | 48 | 3 |
129 | Horizons Bancorp Inc. Monroe, La. | American National Bancshares Ruston, La. | Feb. 21 | pending | 8,500 | 1.35 | 40.48 | 122,234 | 98,891 | 43 | 3 |
130 | Charter Financial Corp. West Point, Ga. | EBA Bancshares Inc. Opelika, Ala. | Sept. 10 | pending | 8,446 | 1.64 | 26.23 | 887,719 | 78,206 | 24 | 3 |
131 | First Security Group Inc. Chattanooga, Tenn. | First State Bank Maynardville, Tenn. | March 14 | July 20 | 8,100 | 1.41 | 24.7 | 362,711 | 43,114 | 21 | 2 |
132 | First Interstate BancSystem Inc. Billings, Mont. | Silver Run Bancorp. Red Lodge, Mont. | Aug. 27 | pending | 8,000 | 1.76 | 10.47 | 3,310,311 | 45,911 | 15 | 1 |
133 | First Okmulgee Corp. Okla. | First National of Henryetta Okla. | Oct. 1 | pending | 8,000 | 1.52 | 14.11 | 110,986 | 49,610 | 29 | 1 |
134 | Pocahontas Bancorp Inc. Jonesboro, Ark. | Peoples Bank of Imboden Ark. | Jan. 16 | May 31 | 8,000 | 1.42 | 10.54 | 482,037 | 67,633 | 20 | 4 |
135 | BFM Bancshares Inc. Kingman, Kan. | Citizens National Bank Anthony, Kan. | Jan. 28 | April 23 | 7,935 | 1.2 | 24.57 | 83,177 | 35,089 | 15 | 1 |
136 | Community Bankshares Inc. Denver | Rocky Ford Financial Inc. Colo. | Jan. 9 | June 1 | 7,904 | 1.42 | 40.33 | 567,800 | 21,524 | 4 | 1 |
137 | SNB Inc. Baton Rouge, La. | Algiers Bancorp Inc. New Orleans | Dec. 13 | pending | 7,900 | 1.15 | NA | NA | 50,306 | 23 | 2 |
138 | Landmark Bancorp Anaheim, Calif. | Greater Pacific Bancshares Whittier, Calif. | Jan. 25 | pending | 7,750 | 2.47 | 52.96 | NA | 33,014 | 14 | 2 |
139 | Bastrop Bancshares Inc. Tex. | CBCT Bancshares Inc. Smithville, Tex. | April 4 | July 29 | 7,561 | 1.27 | 23.49 | 214,575 | 34,157 | 15 | 2 |
140 | First Staunton Bancshares Inc. Ill. | Hamel Bancorp Inc. Ill. | Feb. 14 | May 15 | 7,473 | 1.7 | 14.51 | 231,063 | 53,828 | 20 | 3 |
141 | First Citizens Bancorp of South Carolina Columbia | CB Financial Corp. Warrenton, Ga. | July 5 | Oct. 1 | 7,204 | 1.63 | 27.81 | 3,699,160 | 43,628 | 20 | 2 |
142 | Sun Bancorp Inc. Selinsgrove, Pa. | Steelton Bancorp Inc. Pa. | Dec. 20 | pending | 7,200 | 1.13 | 60.16 | 948,590 | 57,962 | 15 | 2 |
143 | Investor Group San Antonio, Tex. | Mission National Bank San Antonio | Dec. 20 | pending | 7,000 | 2.13 | 57.85 | NA | 45,434 | 16 | 2 |
144 | First Community Financial Group Lacey, Wash. | Harbor Bank, N.A. Gig Harbor, Wash. | Aug. 5 | Oct. 1 | 6,922 | 2.08 | NA | 371,342 | 80,392 | 33 | 2 |
145 | Mahaska Investment Co. Oskaloosa, Iowa | Belle Plaine Service Corp. Iowa | Oct. 4 | pending | 6,921 | 1.7 | 13.27 | 540,787 | 76,744 | 26 | 4 |
146 | S.B.C.P. Bancorp Inc. Cross Plains, Wis. | Waunakee Bank Shares Inc. Wis. | April 29 | July 31 | 6,765 | 1.22 | NA | 248,790 | 103,141 | 24 | 2 |
147 | Ambanc Financial Services Inc. Beaver Dam, Wis. | Central Lakes Bancorp. Inc. Necedah, Wis. | Oct. 26 | pending | 6,627 | 1.74 | 18.06 | 124,690 | 31,021 | 10 | 1 |
148 | Baraboo Bancorp. Inc. Wis. | Elcho Bancorp Inc., Elcho, Wis. | Feb. 20 | June 10 | 6,500 | 1.25 | 12.35 | 434,644 | 51,230 | 17 | 4 |
149 | CVB Financial Corp. Ontario, Calif. | Western Security Bancorp Burbank, Calif. | Jan. 18 | June 28 | 6,225 | 0.78 | NA | 2,514,102 | 141,008 | 43 | 2 |
150 | Fidelity Co. Dyersville, Iowa | Worthington Bancorp. Iowa | Aug. 13 | pending | 6,206 | 2.45 | 11.73 | 342,997 | 33,646 | 11 | 2 |
Totals and averages for the top 150 mergers | $17,326,797 | 1.92 | 24.63 | $117,139,287 | 26,585 | 1,548 | |||||
Totals and averages for all 230 mergers | $17,495,941 | 1.82 | 24.01 | $121,145,651 | 28,458 | 1,715 |
* Hostile or unsolicited bid
Source: Sheshunoff Information Services, a division of Thomson Corp.
© 2003 American Banker