| Last Weeks Mergers and Acquisitions | |||||
|---|---|---|---|---|---|
| Announced for week ending Sept. 15, 2000 | |||||
| Whole Institution Transactions | |||||
| Buyer | Seller | Announced | Purchase price | Price to equity | Price to net income* |
| Chase Manhattan | J.P. Morgan | Sept. 13 | $34.4B | 2.70 | 14.98 |
| Community Bank System N.Y. | Citizens National Bank N.Y | Sept. 13 | $22M | 1.82 | 17.34 |
| Bank of Montreal | Century Bank Ariz. | Sept. 14 | $16M | 2.68 | NM |
| Branch Transactions | |||||
| Buyer | Seller | Announcement date | Premium | Deposits sold | |
| First Citizens BancShares N.C. | First Union N.C. | Sept. 12 | NA | $195M | |
| First Bancorp N.C. | First Union N.C. | Sept. 13 | NA | $105M | |
| Glacier Bancorp Mont. | Wells Fargo | Sept. 14 | NA | $183.9M | |
| BancWest Corp. Hawaii | Wells Fargo | Sept. 14 | $122M | $1.17B | |
| Colonial BancGroup Ala. | Wells Fargo | Sept. 14 | NA | $106M | |
| Other Asset Sales | |||||
| Buyer | Seller | Announcement date | Price | Type of assets sold | |
| Summit Bancorp N.J. | Howard Lawson & Co. Pa. | Sept. 11 | NA | Investment banking firm | |
| Wells Fargo | General Electric Capital Corp. | Sept. 12 | NA | Mortgage sub-servicing portfolio | |
| Citigroup | Geneva Group Calif. | Sept. 13 | NA | Mergers and acquisitions advisory firm | |
| GMAC Mortgage Corp. Pa. | First Citizens BancShares N.C. | Sept. 14 | NA | Mortgage servicing | |
| Chase Manhattan | BT Funds Management | Sept. 14 | NA | Master custody operations | |
| *Last twelve months | |||||
| Source: Sheshunoff Information Services | |||||
Mergers and Acquisitions Table
September 19, 2000, 1:00 a.m. EDT 1 Min Read
