Top Branch Deals Announced in 2002
February 13, 2003, 10:08 a.m. EST 1 Min Read
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Top Branch Deals Announced in 2002
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| Published February 13, 2003 | ||||||||
| Date | Branches | |||||||
| Buyer | Target | Announced | Completed | Number | Deposits | Premium to deposits | Branch location | |
| 1 | U.S. Bancorp Minneapolis | Bay View Capital Corp. San Mateo, Calif. | July 22 | Nov. 1 | 57 | $3,300,000 | 14.15% | Calif. |
| 2 | Temple-Inland Inc. Diboll, Tex. | Westcorp Irvine, Calif. | June 3 | Sept. 13 | 7 | 481,000 | 2.49 | Calif. |
| 3 | First BanCorp Santurce, Puerto Rico | J.P. Morgan Chase & Co. New York | Feb. 28 | Oct. 16 | 8 | 342,000 | NA | Virgin Is. |
| 4 | Century Bancorp Inc. Medford, Mass. | Capital Crossing Bank Boston | Oct. 28 | pending | 1 | 233,000 | 1.64 | Mass. |
| 5 | First National Bank of Nevada Laughlin | First Republic Bank San Francisco | Oct. 3 | pending | 3 | 195,000 | NA | Nev. |
| 6 | Bank of Kentucky Financial Corp. Florence | Peoples Bancorp of Northern Kentucky Inc. Crestview Hills | July 23 | Nov. 22 | 8 | 161,100 | 9.25 | Ky. |
| 7 | Banterra Corp. Eldorado, Ill. | Fifth Third Bancorp Cincinnati | May 3 | July 12 | 3 | 145,676 | 5.00 | Ill. |
| 8 | Gold Banc Corp. Leawood, Kan. | Encore Bancshares Inc. Houston | July 18 | Sept. 28 | 4 | 144,000 | 2.36 | Kan. |
| 9 | First Federal Capital Corp. La Crosse, Wis. | Wells Fargo & Co. San Francisco | Jan. 17 | April 19 | 3 | 128,000 | 16.09 | Minn. |
| 10 | JNL Thrift Holdings Lansing, Mich. | Fremont Investment and Loan Anaheim, Calif. | April 18 | June 24 | 1 | 105,000 | NA | Calif. |
| 11 | Laredo National Bancshares Tex. | Sterling Bancshares Inc. Houston | Nov. 5 | pending | 1 | 101,000 | NA | Tex. |
| 12 | Hopfed Bancorp Inc. Hopkinsville, Ky. | Old National Bancorp Evansville, Ind. | March 5 | Sept. 5 | 2 | 96,500 | 6.46 | Ky. |
| 13 | Flag Financial Corp. La Grange, Ga. | Encore Bancshares Inc. Houston | July 9 | Nov. 8 | 6 | 95,000 | 12.49 | Ga. |
| 14 | Citizens National Bank - Milam County Cameron, Tex. | International Bancshares Corp. Laredo, Tex. | April 30 | Aug. 2 | 3 | 93,271 | 10.56 | Tex. |
| 15 | Advance Financial Bancorp Wellsburg, W.Va. | Second Bancorp Inc. Warren, Ohio | Oct. 28 | pending | 2 | 91,600 | 6.55 | Ohio |
| 16 | Capitol Bancorp. Britton, S.D. | Wells Fargo & Co. San Francisco | Feb. 1 | April 20 | 2 | 84,696 | NA | S.D. |
| 17 | Northwestern Savings Bank and Trust Traverse City, Mich. | ABN Amro North America Inc. Chicago | May 7 | July 22 | 6 | 84,139 | NA | Mich. |
| 18 | United Bancshares Inc. Columbus Grove, Ohio | Rurban Financial Corp. Defiance, Ohio | Dec. 30 | pending | 3 | 82,039 | NA | Ohio |
| 19 | Altrust Financial Services Cullman, Ala. | Community Bancshares Inc. Blountsville, Ala. | March 7 | May 31 | 6 | 79,500 | 6.16 | Ala. |
| 20 | NEB Corp. Fond du Lac, Wis. | Amcore Financial Inc. Rockford, Ill. | Nov. 27 | pending | 4 | 75,700 | NA | Wis. |
| 21 | Central Community Corp. Temple, Tex. | Coastal Bancorp Inc. Houston | Sept. 24 | Dec. 17 | 5 | 75,300 | 6.25 | Tex. |
| 22 | First Carmi Bancshares Ill. | Fifth Third Bancorp Cincinnati | April 7 | July 12 | 2 | 67,626 | 5.00 | Ill. |
| 23 | Summit Bancshares Ltd. Olney, Ill. | Old National Bancorp Evansville, Ind. | Feb. 25 | July 12 | 2 | 67,056 | NA | Ill. |
| 24 | First Banks America Inc. Clayton, Mo. | Union Planters Corp. Memphis | March 13 | June 22 | 2 | 64,900 | 2.10 | Tex. |
| 25 | Intermountain Community Bancorp Sandpoint, Idaho | Household International Inc. Prospect Heights, Ill. | Nov. 12 | pending | 1 | 60,000 | NA | Ore. |
| Milford Bancorp Milford, Iowa | Commercial Financial Corp. Storm Lake, Iowa | Feb. 12 | May 31 | 3 | 60,000 | 4.67 | Iowa | |
| Totals and averages for the top 25 deals | 145 | $6,513,103 | 6.95% | |||||
| Totals and averages for all 135 deals | 294 | $8,824,082 | 6.07% | |||||
Source: Sheshunoff Information Services, a division of Thomson Corp.
© 2003 American Banker