Top Branch Deals Announced in 2003
February 12, 2004, 10:08 a.m. EST 1 Min Read
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Top Branch Deals Announced in 2003
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| Published February 12, 2004 | ||||||||
| Date | Branches | Premium to deposits | Branch location | |||||
| Buyer | Target | Announced | Completed | Number | Deposits | |||
| 1 | Royal Bank of Canada Toronto | Provident Financial Group Inc. Cincinnati | Jul. 10 | Nov. 21 | 13 | $856,000 | 10.00 | Fla. |
| 2 | Sun Bancorp Inc. Vineland, N.J. | New York Community Bancorp Inc. Westbury | Sept. 3 | Dec. 19 | 8 | 360,000 | 11.00 | N.J. |
| 3 | BostonFed Bancorp Inc. Burlington, Mass. | Encore Bancshares Inc. Houston | Jul. 10 | Oct. 24 | 7 | 330,000 | 1.30 | Mass. |
| 4 | Investor Group Marysville, Kan. | Gold Banc Corp. Inc. Leawood, Kan. | Sept. 16 | pending | 7 | 330,000 | N.A | Kan. |
| 5 | Atlantic Bank of New York | Allied Irish Banks Ltd. Dublin | Sept. 12 | Dec. 1 | 1 | 247,301 | N.A | N.Y. |
| 6 | M&T Bank Corp. Buffalo | Allied Irish Banks Ltd. Dublin | Apr. 1 | terminated | 1 | 247,301 | N.A | N.Y. |
| 7 | Virginia Financial Group Inc. Culpeper | BB&T Corp. Winston-Salem, N.C. | Jun. 12 | Sept. 26 | 8 | 226,000 | 9.50 | Va. |
| 8 | Trustmark Corp. Jackson, Miss. | Banc Corp. Birmingham, Ala. | May. 22 | Aug. 29 | 7 | 209,000 | 22.39 | Fla. |
| 9 | Regions Financial Corp. Birmingham, Ala. | Inter Savings Bank FSB Edina, Minn. | Sept. 2 | Dec. 4 | 3 | 204,818 | 5.00 | Fla. |
| 10 | First Defiance Financial Corp. Defiance, Ohio | Rurban Financial Corp. Defiance, Ohio | Feb. 24 | Jun. 6 | 3 | 166,500 | 10.50 | Ohio |
| 11 | Trustmark Corp. Jackson, Miss. | Allied Houston Bank Houston | Dec. 9 | pending | 5 | 160,000 | 6.25 | Tex. |
| 12 | Simmons First National Corp. Pine Bluff, Ark. | Union Planters Corp. Memphis | Sept. 8 | Nov. 21 | 9 | 140,000 | N.A | Ark. |
| 13 | Great Western Bancorp. Inc. Omaha | Dickinson Financial Corp. Kansas City, Mo. | Dec. 1 | pending | 6 | 132,131 | 6.37 | Mo. |
| 14 | First United Corp. Oakland, Md. | Huntington Bancshares Inc. Columbus, Ohio | Feb. 13 | Jul. 28 | 4 | 130,720 | 11.28 | W.Va. |
| 15 | Whitaker Bank Corp. of Kentucky Lexington | Union Planters Corp. Memphis | Sept. 11 | pending | 4 | 130,542 | N.A | Ky. |
| 16 | Albany Bancorp Inc. Albany, Ky. | Union Planters Corp. Memphis | Oct. 7 | pending | 5 | 127,373 | 10.73 | Ky. |
| 17 | Fidelity BancShares Inc. Fuquay-Varina, N.C. | First Citizens BancShares Inc. Raleigh | Feb. 11 | Jun. 20 | 4 | 114,700 | 6.63 | Va., N.C. |
| 18 | First Bancorp Troy, N.C. | Royal Bank of Canada Toronto | Aug. 14 | Oct. 24 | 4 | 109,000 | 14.10 | N.C. |
| 19 | First Midwest Bancorp Inc. Itasca, Ill. | Northern Trust Corp. Chicago | Apr. 15 | Jun. 16 | 1 | 102,993 | 17.64 | Ill. |
| 20 | Investor Group Alamosa, Colo. | Zions Bancorp. Salt Lake City | Nov. 26 | pending | 6 | 86,535 | N.A | Colo. |
| 21 | Grand Bank Hamilton, N.J. | MetLife Inc. New York | Feb. 26 | May. 3 | 1 | 78,994 | N.A | N.J. |
| 22 | National Bancshares Inc. Bettendorf, Iowa | First Banks Inc. St. Louis, Mo. | Aug. 4 | Oct. 17 | 3 | 75,000 | N.A | Ill. |
| 23 | United Community Banks Inc. Blairsville, Ga. | Royal Bank of Canada Toronto | Aug. 15 | Oct. 24 | 3 | 74,000 | 9.00 | N.C. |
| 24 | First Ottawa Bancshares Inc. Ottawa, Ill. | First Midwest Bancorp Inc. Itasca, Ill. | Jul. 18 | Nov. 14 | 2 | 73,000 | 6.44 | Ill. |
| 25 | Eastern Virginia Bankshares Inc. Tappahonnock | BB&T Corp. Winston-Salem, N.C. | Jun. 12 | Sept. 26 | 3 | 66,000 | 10.91 | Va. |
| Totals and averages for top 25 branch transactions | 118 | $4,777,908 | 9.94% | |||||
| Totals and averages for all branch transactions | 266 | $7,007,204 | 7.53% | |||||
Source: Sheshunoff Information Services, a division of Thomson Corp.
© 2004 American Banker