Top Line-of-Business Acquisitions Announced in 2000

February 12, 2001, 10:08 a.m. EST 1 Min Read

View Table

Printer Friendly Version

Top Line-of-Business Acquisitions Announced in 2000
Based on purchase price and/or assets sold/purchased Published February 12, 2001

Rank	Buyer Name	Seller Name	Announcement Date	Completed Date or Status	Price ($000)	Assets purchased ($000)
Credit Card Portfolios/Operations
1	MBNA Corp. Wilmington, Del.	First Union Corp. Charlotte, N.C.	Aug. 14	Sept. 30	$6,437,000	$5,500,000
2	Citigroup, Inc. New York	Toronto-Dominion Bank Toronto	7-Jun	26-Jul	N/A	1,200,000
3	Associates First Capital Corp. Irving, Tex.	Zale Corp. Irving, Tex.	10-Jul	Pending	N/A	620,000
4	MBNA Corp. Wilmington, Del.	Comerica Incorporated Detroit	Jan. 26	Feb. 15	N/A	500,000
5	Wells Fargo & Co. San Francisco	Conseco, Inc. Carmel, Ind.	5-Jul	5-Jul	N/A	400,000
6	U.S. Bancorp Minneapolis	Pitney Bowes Inc. Stamford, Conn.	30-Jun	30-Jun	N/A	322,000
7	MBNA Corp. Wilmington, Del.	Regions Financial Corp Birmingham, Ala.	15-Mar	24-Mar	N/A	300,000
8	MBNA Corp. Wilmington, Del.	First Tennessee National Corp. Memphis	Nov. 30	Pending	336,000	286,000
9	Royal Bank of Canada Toronto	Bank One Corp. Chicago	18-May	18-May	N/A	286,000
10	MBNA Corp. Wilmington, Del.	Prudential Insurance Company of America Newark, N.J.	26-Jun	30-Jun	N/A	235,000
11	American Express Co. New York	Pacific Century Financial Corp. Honolulu	Dec. 20	Pending	N/A	226,000
12	Chase Manhattan Corp. New York	Paymentech, Inc. Dallas	Nov. 20	Pending	N/A	200,000
13	Metris Companies Inc. St. Louis Park, Minn.	Popular, Inc. San Juan, P.R.	24-Jul	Aug. 21	N/A	180,000
14	U.S. Bancorp Minneapolis	Harley-Davidson, Inc. Milwaukee	Jan. 20	21-Mar	N/A	150,000
15	Citigroup, Inc. New York	Associated Banc-Corp. Green Bay, Wis.	Feb. 23	1-Apr	141,000	128,000
Insurance Lines/Agencies
1	Summit Bancorp Princeton, N.J.	Meeker Sharkey Financial Group, Inc. Cranford, N.J.	Jan. 3	Feb. 29	93,747	N/A
2	Hibernia Corp. New Orleans	Rosenthal Agency, Inc. Metairie, La.	30-May	6-Jul	23,000	N/A
3	Huntington Bancshares Columbus, Ohio	J Rolfe Davis Insurance Incorporated Maitland, Fla.	Aug. 24	Aug. 31	19,928	N/A
4	Sky Financial Group, Inc. Bowling Green, Ohio	Meyer & Eckenrode Insurance Group, Inc. Carnegie, Pa.	13-Jul	13-Jul	10,538	N/A
5	BB&T Corp. Winston-Salem, N.C.	Piedmont Administrators Inc. Greensboro, N.C.	29-Jun	29-Jun	6,000	N/A
6	BancFirst Corp. Oklahoma City	Century Life Assurance Co. Oklahoma City	Nov. 20	Pending	5,290	N/A
7	First Union Corp. Charlotte, N.C.	Professional Direct Agency, Inc. Columbus, Ohio	20-Jul	20-Jul	4,350	N/A
8	Old National Bancorp Evansville, Ind.	Wolford Cannon Hoecker Insurance Agency, Inc. Danville, Ill.	Oct. 26	Pending	3,232	N/A
9	Northeast Pennsylvania Financial Corp Hazelton, Pa.	Higgins Insurance Associates Pottsville, Pa.	Sept. 21	Pending	3,100	N/A
10	Webster Financial Corp. Waterbury, Conn.	Follis, Wylie & Lane Hamden, Conn.	5-Apr	26-Apr	2,159	N/A
Investment Advisory
1	Chase Manhattan Corp. New York	Robert Fleming Holdings Limited London	11-Apr	Aug. 1	7,700,000	N/A
2	Citigroup, Inc. New York	Schroders PLC London	Jan. 18	1-May	2,200,000	1,300,000
3	ABN Amro North America, Inc. Chicago	Alleghany Corp. New York	Oct. 18	Pending	825,000	N/A
4	Wit Capital Group, Inc. New York	E*Trade Group, Inc. Palo Alto, Calif.	15-May	Pending	328,000	N/A
5	State Street Corp. Boston	Bel Air Investment Advisors LLC Los Angeles	Dec. 7	Pending	217,000	N/A
6	First Indiana Corp. Indianapolis	Somerset Group, Inc. Indianapolis	19-Apr	Sept. 29	72,700	N/A
7	ReliaStar Financial Corp. Minneapolis	Lexington Global Asset Managers, Inc. Saddle Brook, N.J.	Feb. 29	26-Jul	50,000	3,600,000
8	Investors Financial Services Boston	Chase Manhattan Corp. New York	Nov. 29	Pending	42,000	N/A
9	Northern Trust Corp Chicago	Carl Domino Associates, LP West Palm Beach, Fla.	17-Mar	2-May	28,000	2,000,000
10	American General Corp Houston	Cypress Tree Investments, Inc. Boston	13-Mar	13-Mar	20,000	N/A
Loan Portfolios
1	Household International, Inc. Prospect Heights, Ill.	Bank One Corp. Chicago	22-Mar	31-Mar	N/A	2,150,000
2	Undisclosed Acquirer	National City Corp. Cleveland	8-Jun	30-Jun	N/A	2,000,000
3	Lehman Brothers Holdings Inc. New York	Conseco, Inc. Carmel, Ind.	5-May	Pending	N/A	1,500,000
4	Wells Fargo & Co. San Francisco	Conseco, Inc. Carmel, Ind.	Dec. 11	Dec. 11	160,000	1,200,000
5	Wells Fargo & Co. San Francisco	Flagship Credit Corp. Philadelphia	Dec. 21	Dec. 21	N/A	900,000
Mortgage Banking Operations
1	Washington Mutual, Inc. Seattle	PNC Financial Services Group Pittsburgh	Oct. 2	Pending	605,000	7,000,000
2	KeyCorp Cleveland	National Realty Funding Kansas City, Mo.	Jan. 10	Jan. 31	359,000	N/A
3	Investor Group Chicago	First Tennessee National Corp. Memphis	28-Apr	28-Apr	57,500	N/A
4	IndyMac Bancorp Pasadena, Calif.	U.S. Bancorp Minneapolis	Aug. 10	Pending	48,600	48,000
5	Washington Mutual, Inc. Seattle	Alta Residential Mortgage Trust Los Angeles	Jan. 14	Feb. 1	22,608	156,000
6	KeyCorp Cleveland	Newport Mortgage Co. Dallas	Aug. 7	Sept. 30	22,000	1,000,000
7	Marquette Bancshares Minneapolis	Trowbridge Kieselhorst & Co. San Francisco	20-Apr	28-Jul	6,595	N/A
8	Centura Banks, Inc. Rocky Mount, N.C.	NCS Mortgage Services, LLC Norcross, Ga.	7-Mar	24-Mar	1,250	1,000
9	Gateway Bank, FSB San Francisco	Mercury Mortgage Castro Valley, Calif.	14-Apr	14-Apr	1,000	N/A
10	American Home Mortgage Holdings, Inc. New York	Roslyn Bancorp Jericho, N.Y.	Aug. 29	Nov. 3	200	N/A
Servicing Portfolio
1	Wells Fargo & Co. San Francisco	First Union Corp. Charlotte, N.C.	28-Jun	Sept. 5	N/A	35,700,000
2	Chase Manhattan Corp. New York	Colonial BancGroup, Inc. Montgomery, Ala.	Feb. 16	15-Mar	N/A	9,000,000
3	Wells Fargo & Co. San Francisco	FleetBoston Financial Corp. Boston	5-Jul	5-Jul	N/A	7,500,000
4	PNC Financial Services Group Pittsburgh	FleetBoston Financial Corp. Boston	7-Jun	7-Jun	N/A	5,200,000
5	National Australia Bank Ltd. Melbourne, Australia	Colonial BancGroup, Inc. Montgomery, Ala.	17-Jul	Pending	N/A	5,000,000
6	Chase Manhattan Corp. New York	First Tennessee National Corp. Memphis	3-Mar	3-Mar	N/A	3,500,000
7	Pacific USA Holdings Corp. Dallas	City Holding Co. Charleston, W.Va.	3-Mar	Terminated	42,000	1,750,000
8	GMAC Mortgage Corp Horsham, Pa.	First Citizens BancShares Raleigh, N.C.	Sept. 14	Sept. 14	13,000	1,600,000
9	Ocwen Financial Corp West Palm Beach, Fla.	City Holding Co. Charleston, W.Va.	Dec. 18	Dec. 18	100	1,100,000
10	Ocwen Financial Corp West Palm Beach, Fla.	First Alliance Corp. Irvine, Calif.	14-Jul	31-Jul	7,700	700,000
Securities Brokerage
1	Royal Bank of Canada Toronto	Dain Rauscher Corp. Minneapolis	Sept. 28	Pending	$1,460,000	N/A
2	Deutsche Bank AG Frankfurt	National Discount Brokers Group, Inc. Jersey City	Oct. 12	Nov. 30	864,310	N/A
3	Regions Financial Corp Birmingham, Ala.	Morgan Keegan Inc. Memphis	Dec. 18	Pending	789,000	$2,057,532
4	First Union Corp. Charlotte, N.C.	JWGenesis Financial Corp. Boca Raton, Fla.	Sept. 1	Dec. 31	102,960	N/A
5	First Union Corp. Charlotte, N.C.	First Albany Companies Inc. Albany, N.Y.	9-May	Aug. 7	100,000	11,400,000
Specialty Finance
1	Citigroup, Inc. New York	Associates First Capital Corp. Irving, Tex.	Sept. 6	Nov. 30	27,100,000	87,701,000
2	ABN Amro North America, Inc. Chicago	Fidelity Leasing, Inc. Ambler, Pa.	18-May	Aug. 2	152,000	660,000
3	First Banks, Inc. St. Louis	First State Bancorp Albuquerque	Jan. 14	1-Mar	65,129	63,673
4	Wells Fargo & Co. San Francisco	Charter Financial, Inc. New York	6-Jun	Aug. 31	60,600	950,000
5	U.S. Bancorp Minneapolis	Oliver-Allen Corp. Larkspur, Calif.	2-Mar	7-Apr	59,131	280,000
6	Alfa Corp. Montgomery, Ala.	First Liberty Bank Corp. Jermyn, Pa.	3-Apr	3-Apr	23,100	N/A
7	Greater Bay Bancorp Palo Alto, Calif.	Matsco Companies Inc. Emeryville, Calif.	Aug. 8	Nov. 30	6,500	200,000
8	HF Financial Corp Sioux Falls, S.D.	Mid America Capital Services, Inc. Sioux Falls, S.D.	Aug. 1	Aug. 1	2,850	N/A
9	Superior Financial Corp. Little Rock	Independent Southern Bancshares Brownsville, Tenn.	Nov. 1	Nov. 1	125	6,500
Trust Services
1	Chase Manhattan Corp. New York	BT Funds Management Sydney	Sept. 14	Pending	N/A	33,380,000
2	Chase Manhattan Corp. New York	First Tennessee National Corp. Memphis	Oct. 19	Oct. 19	N/A	20,000,000
3	Bank of New York Co. Inc. New York	Bank of America Corp. Charlotte, N.C.	Aug. 23	Oct. 2	N/A	9,000,000
4	Chase Manhattan Corp. New York	Fuji Bank, Limited Tokyo	Sept. 19	Sept. 30	N/A	5,000,000
5	Chase Manhattan Corp. New York	Dai-Ichi Kangyo Bank, Ltd. Tokyo	Dec. 27	Pending	N/A	5,000,000
6	Bank of New York Co. Inc New York	Dai-Ichi Kangyo Bank, Ltd. Tokyo	15-Jun	Sept. 15	N/A	4,000,000
7	National Commerce Bancorp. Memphis	First Mercantile Trust Cordova, Tenn.	2-Jun	28-Jul	N/A	1,400,000
8	Circle Trust Company Stamford, Conn.	Chittenden Corp. Burlington, Vt.	Dec. 19	Dec. 19	N/A	1,200,000
9	Mellon Financial Corp. Pittsburgh	Trust Company of Washington (The) Seattle	Oct. 10	Nov. 8	N/A	500,000