M&A

Top Bank and Thrift Merger Bids Announced in 2002

View Table
Printer Friendly Version
Top Bank and Thrift Merger Bids Announced in 2002

 

Top Bank and Thrift Merger Bids Announced in 2002
Ranked by price. Dollars in thousands
Published February 13, 2003
Price to: Target's:
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

M&A