Whole bank transactions announced since Dec. 31, 1999, with a purchase price between $200 million and $500 million ($ in thousands) | ||||||
---|---|---|---|---|---|---|
Buyer | Target | Date Announced | Announced Total Price ($ 000) | Price to Equity (x) | Price/12 mos. Net Income (x) | Target Total Assets ($ 000) |
M&T Bank Corp. | Premier National Bancorp | July 10, 2000 | 342,154 | 2.40 | 15.73 | 1,570,131 |
Wells Fargo & Co. | Brenton Banks Inc. | July 7, 2000 | 264,500 | 1.92 | 15.43 | 1,938,481 |
TrustCo Bank Corp. | Hudson River Bancorp | June 26, 2000 | 215,048 | 1.08 | 24.24 | 1,098,502 |
NBT Bancorp | BSB Bancorp | April 20, 2000 | 248,003 | 1.57 | 12.90 | 2,230,864 |
BancorpSouth Inc. | First United Bancshares | April 17, 2000 | 455,758 | 1.72 | 13.46 | 2,715,907 |
Wells Fargo & Co. | First Commerce Bancshares | Feb. 2, 2000 | 479,727 | 1.86 | 15.51 | 2,609,590 |
South Financial Group | Anchor Financial Corp. | Jan. 10, 2000 | 303,711 | 3.20 | 21.83 | 1,206,843 |
Mean | 329,843 | 1.96 | 17.01 | 1,910,045 | ||
Median | 284,106 | 1.79 | 15.47 | 1,938,481 | ||
Source: Sheshunoff Information Services' Mergerwatch Alert * The mean was calculated to include the M&T-Premier deal, announced July 10, 2000 |
-
Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
5h ago -
The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
6h ago -
Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
6h ago -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
7h ago -
Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
7h ago -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
8h ago