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

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.