Whole Bank and Thrift Deals Announced in Fourth Quarter of 2001

January 09, 2002, 10:08 a.m. EST 1 Min Read

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Whole Bank and Thrift Deals Announced in Fourth Quarter of 2001
Ranked by announced price; dollars in thousands Published January 9, 2002

	Buyer	Target	Date	Price	Book value	12-month net	Buyer's	Target's
1	BNP Paribas Paris	United California Bank Los Angeles	Dec. 8	$2,400,000	NA	NA	NA	$9,116,824
2	BB&T Corp. Winston-Salem, N.C.	Area Bancshares Corp. Owensboro, Ky.	Nov. 8	449,433	1.46	13.62	$70,309,046	2,945,953
3	BB&T Corp. Winston-Salem, N.C.	Mid-America Bancorp Louisville, Ky.	Nov. 8	372,347	1.88	NA	70,309,046	1,757,168
4	United National Bancorp Bridgewater, N.J.	Vista Bancorp Inc. Phillipsburg, N.J.	Nov. 20	151,835	2.53	19.4	1,943,624	698,772
5	Marshall & Ilsley Corp. Milwaukee	Richfield State Agency Inc. Richfield, Minn.	Nov. 19	150,000	2.15	15.19	27,326,646	760,156
6	First Merchants Corp. Muncie, Ind.	Lafayette Bancorp. Lafayette, Ind.	Oct. 15	112,724	1.87	15.07	1,761,671	747,553
7	City National Corp. Beverly Hills	Civic BanCorp Oakland, Calif.	Nov. 19	110,708	1.82	18.44	9,786,074	510,280
8	R&G Financial Corp. San Juan, P.R.	Crown Group Inc. Casselberry, Fla.	Dec. 19	105,000	1.35	NA	4,298,044	622,343
9	Wells Fargo & Co. San Francisco	Tejas Bancshares Inc. Amarillo, Tex.	Dec. 13	82,542	1.51	11.37	298,100,000	362,599
10	F.N.B. Corp. Naples, Fla.	Central Bank Shares Inc. Orlando, Fla.	Nov. 7	80,000	3.41	18.44	4,062,977	231,987
11	FirstFed America Bancorp Inc. Swansea, Mass.	People's Bancshares Inc. New Bedford, Mass.	Oct. 1	72,961	1.88	16.4	1,746,680	928,492
12	Atlantic Bank of New York New York	Yonkers Financial Corp. Yonkers, N.Y.	Nov. 14	69,295	1.59	18.22	2,016,051	550,057
13	Dakota Bancshares Inc. Mendota Heights, Minn.	Midway National Bank of St. Paul St. Paul	Oct. 10	68,000	1.21	15.13	179,238	421,879
14	Colonial BancGroup Inc. Montgomery, Ala.	Mercantile Bancorp Inc. Dallas	Nov. 30	67,000	2.54	NA	12,489,020	224,684
15	Marshall & Ilsley Corp. Milwaukee	Century Bancshares Inc. Eden Prairie, Minn.	Dec. 4	66,000	2.37	16.32	27,326,646	328,641
16	Chittenden Corp. Burlington, Vt.	Ocean National Corp. Kennebunk, Maine	Oct. 5	53,250	2.42	16.47	4,035,291	258,304
17	Capital Bank Corp. Raleigh, N.C.	First Community Financial Corp. Burlington, N.C.	Oct. 5	51,680	1.11	58.47	391,212	211,031
18	UnionBanCal Corp. San Francisco	First Western Bank Simi Valley, Calif.	Dec. 19	44,613	2.31	14.8	35,239,224	200,138
19	Macatawa Bank Corp. Holland, Mich.	Grand Bank Financial Corp . Grand Rapids, Mich.	Nov. 21	40,822	2.4	16.28	633,799	227,587
20	SouthTrust Corp. Birmingham, Ala.	Landmark Bancshares Inc. Euless, Tex.	Dec. 14	38,880	2.83	NA	47,267,906	176,775
21	Washington Trust Bancorp Westerly, R.I.	First Financial Corp. Providence, R.I.	Nov. 13	38,840	2.1	18.29	1,355,780	174,148
22	MB Financial Inc. Chicago	First Lincolnwood Corp. Lincolnwood, Ill.	Dec. 27	35,000	2	22.6	1,660,016	250,034
23	Sterling Bancshares Inc. Houston	Community Bancshares Inc. Katy, Texas	Oct. 2	34,000	4.76	11.76	2,540,553	113,962
24	Provident Bancorp Inc. Montebello, N.Y.	National Bank of Florida Florida, N.Y.	Nov. 2	28,100	1.77	24.22	884,032	95,448
25	Regions Financial Corp. Birmingham, Ala.	Brookhollow Bancshares Inc. Dallas	Dec. 14	26,600	2.33	17.17	45,684,013	140,370
26	First Citizens Banc Corp. Sandusky, Ohio	Independent Community Banc Corp. Norwalk, Ohio	Nov. 1	23,273	1.9	16.79	504,185	140,067
27	First Community Bancorp Rancho Santa Fe, Calif.	W.H.E.C. Inc. Carlsbad, Calif.	Nov. 13	21,084	1.78	12.38	671,828	133,416
28	Investor Group	Community Bank of Arizona Wickenburg	Oct. 16	20,497	1.64	9.14	N/A	157,009
29	Community Trust Bancorp Inc. Pikeville, Ky.	Citizens National Bank and Trust of Hazard Hazard, Ky.	Oct. 16	20,000	1.19	21.62	2,422,405	143,025
30	Regions Financial Corp. Birmingham, Ala.	Independence Bank Houston	Dec. 21	20,000	2.1	20.43	45,684,013	97,913
31	Community Bankshares Inc. Orangeburg, S.C.	Ridgeway Bancshares Inc. Ridgeway, S.C.	Nov. 21	15,950	1.93	16.01	292,281	75,822
32	National Bancshares Corp. Orrville, Ohio	Peoples Financial Corp. Massillon, Ohio	Oct. 2	15,118	1.44	26.16	200,332	106,142
33	Marshall Bancorp Inc. Minneapolis	Norkitt Bancorp Inc. Hallock, Minn.	Nov. 5	13,000	1.66	21.63	N/A	50,890
34	Oneida Financial Corp. Oneida, N.Y.	SBC Financial Corp. Chittenango, N.Y.	Nov. 21	11,910	2.02	26.64	343,251	62,434
35	GBC Bancorp Los Angeles	Liberty Bank and Trust Co. Boston	Oct. 11	11,445	1.87	12.45	2,204,881	37,365
36	Western Sierra Bancorp Cameron Park, Calif.	Central California Bank Sonora, Calif.	Nov. 15	9,173	1.79	28.51	522,121	61,475
37	Baylor Bancshares Inc. Seymour, Tex.	Citizens State Bank Princeton, Tex.	Nov. 26	8,300	2.12	11.96	117,419	52,077
38	Charter Banking Corp. Tampa	Florida Bancorp. Inc. Palm Harbor, Fla.	Nov. 10	8,150	1.78	38.26	365,944	58,060
39	Colony Bankcorp Inc. Fitzgerald, Ga.	Quitman Bancorp Inc. Quitman, Ga.	Oct. 23	7,073	1.03	27.98	666,399	123,151
40	Bank of North Carolina Thomasville	Independence Bank Kernersville, N.C.	Dec. 19	7,059	1.45	NA	590,775	65,127
41	ITLA Capital Corp. La Jolla, Calif.	Asahi Bank of California Los Angeles	Nov. 2	6,000	NA	NA	201,555	56,465
42	Bancorp of Lucedale Inc. Lucedale, Miss.	Grand Bancorp Grand Bay, Ala.	Dec. 28	5,300	1.72	14.97	1,432,532	76,076
43	Richmond Mutual Bancorp Inc. Richmond, Ind.	AmTrust Capital Corp. Peru, Ind.	Oct. 18	4,935	0.91	NA	146,709	36,444
44	Pocahontas Bancorp Inc. Pocahontas, Ark.	North Arkansas Bancshares Newport, Ark.	Nov. 20	4,512	0.88	31.02	541,213	80,512
45	McLaughlin Bancshares Inc. Ralls, Tex.	First Hale Center Inc. Plainview, Tex.	Oct. 24	4,500	1.48	31.03	488,677	42,724
46	South Alabama Bancorp Inc. Mobile	Gulf Coast Community Bancshares Inc. Wewahitchka, Fla.	Nov. 2	4,500	1.59	27.27	74,333	35,264
47	Outsource Holdings Inc. Lubbock, Tex.	First Citizens Bank Dallas	Dec. 7	4,185	1.19	15.97	583,042	42,941
48	Fidelity Bancorp Inc Pittsburgh	Carnegie Financial Corp. Carnegie, Pa.	Oct. 10	3,413	1.11	26.95	N/A	37,396
49	Illini Corp. Springfield, Ill.	Illinois Community Bancorp Inc. Effingham, Ill.	Nov. 21	3,400	0.7	NA	565,928	27,351
50	Texas United Bancshares Inc. La Grange	Bryan-College Station Financial Holding Co. Bryan, Texas	Nov. 5	2,828	2.78	NA	268,636	63,852
51	First National Bancshares Inc. Goodland, Kan.	Security State Bank Bird City, Kan.	Nov. 8	2,580	1.22	13.37	406,882	82,609
52	LubCo BancShares Inc. Slaton, Tex.	Shamrock Bancshares Inc. Shamrock, Tex.	Nov. 23	2,562	1.12	26.97	304,766	17,012
53	F.N.B.C. of La Grange Inc. La Grange, Ill.	Foxdale Bancorp Inc. South Elgin, Ill.	Oct. 26	2,500	1.09	NA	81,987	23,824
54	Community State Bancshares Inc. Bradley, Ark.	Bradley Corp. Bradley, Ark.	Oct. 4	1,890	1.18	13.4	293,659	44,932
55	River Valley Bancorp Inc. Eldridge, Iowa	State Bank of Seaton Ill.	Nov. 16	1,600	0.73	NA	N/A	14,339
	Deals not ranked; price undisclosed
	Affinity Bank Ventura, Calif.	West Coast Savings and Loan Association Pacific Palisades, Calif.	Oct. 3	NA	NA	NA	206,398	11,170
	BancorpSouth Inc. Tupelo, Miss.	Pinnacle Bancshares Inc. Little Rock	Nov. 15	NA	NA	NA	409,025	409,025
	First York Ban Corp. York, Neb.	K.L. and D.M. Inc. Polk, Neb.	Oct. 5	NA	NA	NA	9,388,462	125,867
	GN Bankshares Inc. Girard, Kan.	Financial Bancshares Inc. Holton, Kan.	Nov. 26	NA	NA	NA	458,013	10,831
	Grupo Caixa Geral de Depositos Lisbon	Crown Bank NA Ocean City, N.J.	Oct. 4	NA	NA	NA	155,618	91,182
	Oritani Savings Bank Hackensack, N.J.	Hamilton Financial Inc. Union City, N.J.	Oct. 24	NA	NA	NA	N/A	99,328
	Pacific LifeCorp Newport Beach, Calif.	College Savings Bank Princeton, N.J.	Oct. 17	NA	NA	NA	N/A	323,236
	Plainville Bancshares Inc. Kan.	Farmers Bancshares Inc. Lincoln, Kan.	Nov. 2	NA	NA	NA	36,403	27,536
	Valley View Bancshares Inc. Overland Park, Kan.	Guaranty Bancshares Corp. Kansas City, Kan.	Dec. 8	NA	NA	NA	2,055,954	191,209
	Vineyard National Bancorp Rancho Cucamonga, Calif.	Life Financial Corp. Riverside, Calif.	Oct. 30	NA	NA	NA	163,714	313,235
	Wells Fargo & Co. San Francisco	Marquette Bancshares Inc . Minneapolis	Oct. 5	NA	NA	NA	298,100,000	3,375,160
	Wells Fargo & Co. San Francisco	Texas Financial Bancorp. Minneapolis	Oct. 5	NA	NA	NA	298,100,000	2,999,661