Top Branch Deals Announced in the First Half of 2003
August 05, 2003, 10:08 a.m. EDT 1 Min Read
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Top Branch Deals Announced in the First Half of 2003
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Published August 5, 2003 | ||||||||
Date | Branches | |||||||
Buyer | Target | Announced | Completed | Number | Deposits | Premium to deposits | Branch location | |
1 | M&T Bank Corp. Buffalo | Allied Irish Banks Ltd. Dublin | April 1 | pending | 1 | $247,000 | NA | N.Y. |
2 | Virginia Financial Group Inc. Culpeper | BB&T Corp. Winston-Salem, N.C. | June 12 | pending | 8 | 226,000 | NA | Va. |
3 | Trustmark Corp. Jackson, Miss. | Banc Corp. Birmingham, Ala. | May 22 | pending | 7 | 205,000 | 22.83 | Fla. |
4 | First Defiance Financial Corp. Defiance, Ohio | Rurban Financial Corp. Defiance, Ohio | Feb. 24 | June 9 | 3 | 176,000 | 10.5 | Ohio |
5 | First United Corp. Oakland, Md. | Huntington Bancshares Inc. Columbus, Ohio | Feb. 13 | pending | 4 | 140,000 | 11 | W.Va. |
6 | Fidelity BancShares Inc. Fuquay-Varina, N.C. | First Citizens BancShares Inc. Raleigh | Feb. 11 | pending | 4 | 116,158 | 7.93 | VA, NC |
7 | First Midwest Bancorp Inc. Itasca, Ill. | Northern Trust Corp. Chicago | April 15 | June 16 | 1 | 106,000 | 17.65 | Ill. |
8 | Grand Bank NA Hamilton, N.J. | MetLife Inc. New York | Feb. 26 | pending | 1 | 78,994 | NA | N.J. |
9 | First Citizens Bancorp of South Carolina Columbia | National Commerce Financial Corp. Memphis | June 30 | pending | 4 | 73,400 | NA | S.C. |
10 | Eastern Virginia Bankshares Inc. Tappahonnock | BB&T Corp. Winston-Salem, N.C. | June 12 | pending | 3 | 70,000 | NA | Va. |
11 | FirsTier Bank Bushnell, Neb. | Compass Bancshares Inc. Birmingham, Ala. | April 10 | June 7 | 2 | 66,556 | 2.4 | Neb. |
12 | Peoples Community Bancorp Inc. West Chester, Ohio | Ameriana Bancorp New Castle, Ind. | April 7 | pending | 2 | 63,100 | 6.91 | Ohio |
13 | Legacy Bank Harrisburg, Pa. | Leesport Financial Corp. Wyomissing, Pa. | April 22 | pending | 3 | 60,000 | NA | Pa. |
14 | Plumas Bancorp Quincy, Calif. | Belvedere Capital Partners San Francisco | April 30 | pending | 5 | 56,827 | NA | Calif. |
15 | Pulaski Financial Corp St. Louis | First Federal Bank FSB Kansas City | June 26 | pending | 1 | 41,000 | NA | Mo. |
16 | Whitcorp Financial Co. Leoti, Kan. | Western Kansas Bancshares Ulysses, Kan. | Jan. 31 | April 10 | 2 | 38,685 | 4.32 | Kan. |
17 | Brinkley Bancshares Inc. Ark. | Pocahontas Bancorp Inc. Jonesboro, Ark. | June 5 | pending | 1 | 36,000 | 6.94 | Ark. |
18 | City National Bancshares Guymon, Okla. | Gold Banc Corp. Inc. Leawood, Kan. | Jan. 7 | April 11 | 1 | 36,000 | NA | Okla. |
19 | Exchange National Bancshares Inc. Jefferson City, Mo. | Trustcorp Financial Inc. St. Louis | April 11 | pending | 1 | 34,000 | 11.76 | Mo. |
20 | Labette County Bankshares Altamont, Kan. | Gold Banc Corp. Inc. Leawood, Kan. | June 11 | pending | 2 | 34,000 | 4.33 | Kan. |
21 | Provident Financial Services Inc. Jersey City, N.J. | Sun Bancorp Inc. Vineland, N.J. | April 14 | pending | 3 | 26,085 | NA | N.J. |
22 | Allegiant Bancorp Inc. St. Louis, Mo. | Love Savings Holding Co. St. Louis | March 19 | pending | 1 | 24,600 | 5.05 | Mo. |
23 | First Rushmore Bancorp Inc. Worthington, Minn. | Bremer Financial Corp. St. Paul | Feb. 10 | pending | 2 | 23,111 | 3.18 | Minn. |
24 | Standard Bancshares Inc. Evergreen Park, Ill. | Umbrella Bancorp Inc. Summit, Ill. | Feb. 14 | April 26 | 1 | 21,285 | 3 | Ill. |
25 | Citizens Financial Corp. Fort Atkinson, Wis. | Marshall & Ilsley Corp. Milwaukee | June 17 | pending | 1 | 20,000 | NA | Wis. |
26 | Independence Bancshares Inc. Iowa | Union Planters Corp. Memphis | Jan. 2 | March 21 | 2 | 19,956 | 9.75 | Iowa |
27 | HNB Corp. Arkansas City, Kan. | NBC Bancshares in Pawhuska Okla. | Feb. 1 | May 2 | 1 | 18,000 | NA | Okla. |
28 | FMS Financial Corp. Burlington, N.J. | Sun Bancorp Inc. Vineland, N.J. | March 28 | March 28 | 1 | 17,900 | 7.35 | N.J. |
29 | Citizens Bancorp of Morehead Ky. | Integra Bank Corp. Evansville, Ind. | June 19 | June 19 | 1 | 17,000 | 5.88 | Ky. |
30 | Farmers Exchange Bancorp. Cherokee, Okla. | Gold Banc Corp. Inc. Leawood, Kan. | March 4 | June 11 | 2 | 17,000 | NA | Okla. |
31 | Gateway Financial Holdings Inc. Elizabeth City, N.C. | National Commerce Financial Corp. Memphis | April 11 | pending | 1 | 16,656 | NA | N.C. |
32 | NBT Bancorp Inc. Norwich, N.Y. | Alliance Financial Corp. Syracuse, N.Y. | March 27 | pending | 1 | 15,703 | NA | N.Y. |
33 | National City Corp. Cleveland | Shorebank Corp. Chicago | March 26 | pending | 2 | 14,652 | NA | Mich. |
34 | First Citizens BancShares Inc. Raleigh | First Virginia Banks Inc. Falls Church, Va. | Feb. 3 | pending | 1 | 13,730 | NA | Va. |
35 | Baylake Corp. Sturgeon Bay, Wis. | Marshall & Ilsley Corp. Milwaukee | June 10 | pending | 1 | 13,600 | NA | Wis. |
36 | Connecticut River Bancorp Charlestown, N.H. | Factory Point Bancorp Inc. Manchester Center, Vt. | May 15 | pending | 1 | 13,080 | NA | Vt. |
37 | OSB Bancorp Inc. Osgood, Ohio | First Financial Bancorp Hamilton, Ohio | May 14 | pending | 1 | 12,688 | NA | Ohio |
38 | Wabeno Bancorp. Inc. Wis. | Marshall & Ilsley Corp. Milwaukee | Feb. 26 | pending | 1 | 12,388 | NA | Wis. |
39 | First Citizens Bancorp. of South Carolin Columbia | South Financial Group Inc. Greenville, S.C. | March 14 | pending | 1 | 11,699 | NA | S.C. |
40 | Bank of Montgomery County Wellsville, Mo. | First Banks Inc. St. Louis | April 30 | pending | 1 | 11,075 | 4.26 | Mo. |
41 | Kansas Bank Corp. Johnson | Whitcorp Financial Co. Leoti, Kan. | May 27 | pending | 1 | 11,021 | 5.08 | Kan. |
42 | Cornerstone Bank Moorestown, N.J. | First Investors Consolidated Woodbridge, N.J. | April 16 | pending | 1 | 9,549 | NA | N.J. |
43 | Valley Commerce Bancorp Visalia, Calif. | Humboldt Bancorp Eureka, Calif. | May 19 | pending | 1 | 9,000 | NA | Calif. |
44 | FirstFed Bancorp Inc. Bessemer, Ala. | SouthFirst Bancshares Inc. Sylacauga, Ala. | June 4 | pending | 1 | 8,700 | NA | Ala. |
45 | Lathrop Bank Mo. | C&M Bancshares Inc. Cameron, Mo. | April 30 | pending | 1 | 8,458 | 13.01 | Mo. |
46 | MAF Bancorp Inc. Clarendon Hills, Ill. | Umbrella Bancorp Inc. Summit, Ill. | Feb. 17 | March 31 | 1 | 6,700 | NA | Ill. |
47 | Legends Bank Clarksville, Tenn. | National Commerce Financial Corp. Memphis | Jan. 6 | pending | 3 | 3,684 | 5.24 | Tenn. |
48 | Wilson Bancshares Inc. Kan. | McNee Inc. Grainfield, Kan. | Jan. 6 | Feb. 22 | 1 | 3,148 | NA | Kan. |
49 | CFS Bancorp Inc. Munster, Ind. | Community Holdings Corp. Palos Hills, Ill. | May 30 | pending | 1 | 2,709 | NA | Ill. |
Totals and averages for branch transactions | 145 | $6,513,103 | 6.95% |
Source: Sheshunoff Information Services, a division of Thomson Corp.
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