+++

(Dollars in millions)

part 1 of 5

Buyer Seller

1 Fleet Financial Group, Boston

2 Firstar Corp., Milwaukee

3 HSBC USA, New York

4 Amsouth Bancorp, Birmingham, Ala.

5 Zions Bancorp, Salt Lake City

6 Fifth Third Bancorp, Cincinnati

7 E*Trade Group, Palo Alto, Calif.

8 Citizens Financial Group, Providence, R.I.

9 Charter One Financial, Cleveland

10 U.S. Bancorp, Minneapolis

11 Citizens Banking Corp., Flint, Mich.

12 Peoples Heritage Financial Group, Portland, Me.

13 BB&T Corp., Winston-Salem, N.C.

14 Union Planters Corp., Memphis

15 Hudson United Bancorp., Mahwah, N.J.

16 Zions Bancorp, Salt Lake City

17 Sky Financial Group, Bowling Green, Ohio

18 Summit Bancorp, Princeton, N.J.

19 U.S. Bancorp, Minneapolis

20 BB&T Corp., Winston-Salem, N.C.

21 Old Kent Financial Corp., Grand Rapids, Mich.

22 Old Kent Financial Corp., Grand Rapids, Mich.

23 Webster Financial Corp., Waterbury, Conn.

24 Fifth Third Bancorp, Cincinnati

25 BancWest Corp., Honolulu

26 Anchor BanCorp Wisconsin, Madison

27 Independence Community Bank Corp., New York

28 Southwest Securities Group, Dallas

29 BB&T Corp., Winston-Salem, N.C.

30 BB&T Corp., Winston-Salem, N.C.

31 Synovus Financial Corp., Columbus, Ga.

32 Independence Community Bank Corp., New York

33 Associated Banc-Corp., Green Bay, Wis.

34 City National Corp., Beverly Hills, Calif.

35 Compass Bancshares, BIrmingham, Ala.

36 California Financial Bancorp., Newport Beach, Calif.

37 Carolina First Corp., Greenville, S.C.

38 CVB Financial Corp., Ontario, Calif.

39 National Commerce Bancorp., Memphis

40 Community First Bankshares, Fargo, N.D.

41 First Security Corp., Salt Lake City

42 Independent Bank Corp., Ionia, Mich.

43 Zions Bancorp, Salt Lake City

44 Premier Bancshares, Atlanta

45 Hudson United Bancorp., Mahwah, N.J.

46 FirstFed Financial Corp., Santa Monica, Calif.

47 MidCity Financial Corp., Chicago

48 Hudson United Bancorp., Mahwah, N.J.

49 NBC Capital Corp., Starkville, Miss.

50 Wells Fargo & Co., San Francisco

51 Greater Bay Bancorp, Palo Alto, Calif.

52 BSB Bancorp, Binghamton, N.Y.

53 Cullen/Frost Bankers, San Antonio

54 Premier Bancshares, Atlanta

55 Central Bancompany, Jefferson City, Mo.

56 FCNB Corp., Frederick, Md.

57 Bremer Financial Corp., St. Paul

58 Mid-State Bancshares, Arroyo Grande, Calif.

59 First Financial Bancorp., Hamilton, Ohio

60 CCB Financial Corp., Durham, N.C.

61 Texas Regional Bancshares, McAllen, Tex.

62 First National Corp., Orangeburg, S.C.

63 BOK Financial Corp., Tulsa, Okla.

64 Hudson River Bancorp., Hudson, N.Y.

65 Central Bancompany, Jefferson City, Mo.

66 First Banks, St. Louis

67 Capital City Bank Group, Tallahassee, Fla.

68 Citizens Bancshares Co., Chillicothe, Mo.

69 Greater Bay Bancorp., Palo Alto, Calif.

70 Harbor Bancorp, Aberdeen, Wash.

71 Bank United Corp., Houston

72 First Busey Corp., Urbana, Ill.

73 PBOC Holdings, Los Angeles

74 State Financial Services Corp., Hales Corners, Wis.

75 BOK Financial Corp., Tulsa, Okla.

Totals and averages for the top 75 bank mergers announced in the first half of 1999

Totals and averages for all 167 bank mergers announced in the first half of 1999

part 2 of 5

Top 75 Bank Mergers Announced in First Half

(Dollars in millions)

Value of

Buyer transaction

1 BankBoston Corp. $16,018.20

2 Mercantile Bancorp, St. Louis 10,687.30

3 Republic New York Corp. 10,300.00

4 First American Corp., Nashville 6,328.20

5 First Security Corp., Salt Lake City 5,764.90

6 CNB Bancshares, Evansville, Ind. 2,293.00

7 Telebanc Financial Corp., Arlington, 1,794.50

8 UST Corp., Boston 1,402.20

9 St. Paul Bancorp, Chicago (t) 1,207.40

10 Western Bancorp., Newport Beach, Cali 953.9

11 F & M BanCorp., Kaukauna, Wis. 819.1

12 Banknorth Group, Burlington, Vt. 778

13 First Liberty Financial Corp., Macon, 491.8

14 Republic Banking Corp. of Florida, Co 411.6

15 JeffBanks, Philadelphia 375

16 Pioneer Bancorp, Reno 346.5

17 Mahoning National Bancorp., Youngstow 306.6

18 Prime Bancorp, Fort Washington, Pa. 302.6

19 Bank of Commerce, San Diego 287

20 Mason-Dixon Bancshares, Westminster, 247.2

21 CFSB Bancorp, Lansing, Mich. (t) 244.5

22 Pinnacle Banc Group, Oak Brook, Ill. 242.7

23 New England Community Bancorp, Windso 220.8

24 Emerald Financial Corp., Strongsville 218.5

25 SierraWest Bancorp., Truckee, Calif. 199.7

26 FCB Financial Corp., Oshkosh, Wis. (t 174.4

27 Broad National Bancorp., Newark, N.J. 150.8

28 ASBI Holdings, Arlington, Tex. (t) 127.9

29 Matewan BancShares, Williams, W. Va. 124.1

30 First Citizens Corp., Newnan, Ga. (t) 123.8

31 Merit Holding Corp., Tucker, Ga. 115.8

32 Statewide Financial Corp., Jersey Cit 107.8

33 Riverside Acquisition Corp., Minneapo 89.1

34 American Pacific State Bank, Sherman 89

35 Hartland Bank, Austin, Tex. 85

36 Placer Savings Bank, Roseville, Calif 80

37 Citrus Bank, Orlando, Fla. 77.5

38 Orange National Bancorp, Orange, Cali 77.2

39 First Financial Corp., Mt. Juliet, Te 75

40 Valley National Corp., El Cajon, Cali 65

41 Comstock Bancorp, Reno 64.5

42 Mutual Savings Bank, Bay City, Mich.( 64

43 Regency Bancorp, Fresno, Calif. 58.9

44 Farmers & Merchants Bank, Summerville 55.8

45 Little Falls Bancorp, N.J. (t) 53.5

46 Professional Bancorp, Santa Monica, C 52.9

47 Damen Financial Corp., Schaumberg, Il 52.7

48 Southern Jersey Bancorp, Bridgeton, N 50.7

49 FFBS Bancorp, Columbus, Miss. (t) 47.4

50 Mustang Financial Corp., Rio Vista, T 45.3

51 Bay Area Bancshares, Redwood City, Ca 43.6

52 Skaneateles Bancorp, Schenectady, N.Y 42.5

53 Commerce Financial Corp., Fort Worth 42.3

54 North Fulton Bancshares, Roswell, Ga. 39.8

55 Mid-Continent Bancshares, Blue Spring 39.7

56 First Frederick Financial Corp., Md. 37.3

57 Dean Financial Services, St. Paul. 36.8

58 City Commerce Bank, Santa Barbara, Ca 36.6

59 Hebron Bancorp, Hebron, Ky. 35.4

60 Stone Street Bancorp, Macksville, N.C 35

61 Harlingen Bancshares, Tex. 34

62 FirstBancorp, Beaufort, S.C. 33.9

63 Swiss Avenue State Bank, Dallas 32

64 SFS Bancorp, Schenectady, N.Y. (t) 31.8

65 Fulton Bancorp, Fulton, Mo. (t) 31.7

66 Century Bank, Beverly Hills, Calif. 31.5

67 Grady Holding Co., Cairo, Ga. 31.3

68 MBLA Financial Corp., Macon, Ga. (t) 31.1

69 Bay Commercial Services, San Leandro, 31.1

70 Bank of the Pacific, Long Beach, Wash 30.2

71 Texas Central Bancshares, Dallas 28.8

72 Eagle BancGroup Bloomington, Ill. (t) 28.6

73 Bank of Hollywood, Calif. 28.6

74 First Waukegan Corp., Glenview, Ill. 27.5

75 Chaparral Bancshares, Richardson, Tex 27

Total and Ave $65,197.30

Total and Ave $65,986.30

part 3 of 5 Top 75 Bank Mergers Announced in First Half

(Dollars in millions)

Price to Price to

Price pe book latest 12 Announced

Buyer share value (x) net income date

1 $53.00 3.26 19.84 Mar. 14

2 65.99 3.37 28.49 Apr. 30

3 72 2.41 43.47 10-May

4 53.09 3.41 28.72 1-Jun

5 28.9 3.35 22.24 6-Jun

6 59.68 4.03 31.3 16-Jun

7 93.45 13.25 N/M 1-Jun

8 32 2.55 27.93 21-Jun

9 28.62 2.3 39.65 17-May

10 44.4 2.64 39.31 19-May

11 50.82 3.3 23.4 Apr. 19

12 32.85 2.35 21.5 2-Jun

13 33.46 3.69 29.05 Apr. 28

14 19.25 2.39 25.93 Feb. 22

15 33.19 2.62 22.93 29-Jun

16 35.7 5.05 25.64 7-May

17 48.66 3.16 21.38 7-Jun

18 26.58 3.25 24.04 Feb. 18

19 19.13 4.56 21.01 Feb. 18

20 48.34 2.99 22.75 Jan. 28

21 28.27 3.37 19.69 Feb. 24

22 32.27 2.06 16.46 Mar. 19

23 30.08 2.93 29.94 30-Jun

24 19.82 3.72 26.31 Mar. 1

25 36.08 2.46 25.06 Feb. 25

26 44.15 2.2 24.69 Jan. 5

27 26.5 3.21 17.85 Feb. 1

28 NA 5.63 12.27 6-Jun

29 26.13 1.86 20.27 Feb. 25

30 40.53 2.84 21.52 Jan. 27

31 24.15 3.02 22.77 Mar. 19

32 25.31 1.74 28.49 Apr. 13

33 3564 3.67 19.66 Mar. 10

34 15.65 2.88 21.01 4-Jun

35 NA 3.8 19.94 17-Jun

36 22.05 2.3 21.14 Mar. 18

37 37.07 4.25 29.51 Mar. 18

38 36.66 3.04 21.43 18-May

39 71.26 3.6 23.85 3-May

40 42.28 2.82 21.58 10-May

41 12.75 2.65 12.82 Jan. 13

42 14.6 1.73 23.57 Mar. 24

43 22.43 2.55 13.8 Apr. 27

44 77.53 2.55 21.47 Apr. 20

45 20.64 1.37 29.25 Jan. 26

46 23.5 1.84 32.37 28-Jun

47 18.35 1.2 26.46 Feb. 23

48 44.02 1.6 N/M 29-Jun

49 29.27 1.96 30.56 Feb. 5

50 400 1.68 19.36 Apr. 1

51 41.78 2.92 17.74 Jan. 26

52 27.89 2.12 24.54 Jan. 25

53 229.51 2.81 23.23 Feb. 17

54 17.5 3.33 22.59 Apr. 6

55 357.49 2.26 15.16 Apr. 8

56 20.74 3.87 22.54 Mar. 12

57 3923.77 1.74 16.8 Jan. 26

58 21.52 2.03 17.84 Apr. 19

59 589.68 3.01 23.45 Jan. 4

60 21.37 1.25 22.27 Apr. 14

61 NA 1.63 41.46 Apr. 22

62 34.83 2.41 37.43 Mar. 4

63 149.09 2.28 N/M Mar. 8

64 25.1 1.27 NA 17-May

65 19.15 1.25 29.63 19-May

66 NA 1.29 19.37 Mar. 31

67 513.31 1.88 14.65 Feb. 12

68 24.15 1.04 16.59 3-May

69 21.49 2.38 22.82 3-May

70 NA 3.11 15.75 9-Jun

71 82.33 4.16 20.57 Mar. 23

72 25.74 1.41 30.36 30-Jun

73 19 2.02 17.01 23-Jun

74 40.19 2.28 23.9 Mar. 12

75 14.33 2.29 25.69 Mar. 1

To 2.81 23.85

To 2.35 23.16

part 4 of 5

Top 75 Bank Mergers Announced in First Half

(Dollars in millions)

Accounting Buyer's Seller's Target's

Buyer type assets assets headcount

1 Pooling $104,382.00$73,513.00 24,500

2 Pooling 37,951.90 35,578.80 10,441

3 Purchase 33,773.30 50,453.00 5,900

4 Pooling 20,083.80 20,326.50 7,219

5 Pooling 17,085.00 21,959.20 10,030

6 Pooling 29,652.20 7,218.80 2,801

7 Pooling NA 2,620.80 121

8 Purchase 18,430.30 5,929.80 880

9 Pooling 24,554.80 5,980.50 1,060

10 Purchase 76,110.00 2,496.20 964

11 Pooling 4,498.70 2,445.70 N/A

12 Pooling 12,594.30 4,338.50 1,014

13 Pooling 37,791.50 1,599.80 416

14 Purchase 31,692.00 1,575.40 690

15 Pooling 7,046.10 1,684.50 364

16 Pooling 17,085.00 1,031.30 259

17 Pooling 4,683.00 808.7 388

18 Purchase 33,101.30 1,039.30 322

19 Purchase 76,438.00 638.2 202

20 Pooling 34,427.20 1,102.20 298

21 Pooling 16,588.90 880.3 275

22 Pooling 16,588.90 1,146.10 385

23 Pooling 8,848.70 786.9 185

24 Pooling 28,921.80 668.5 131

25 Pooling 15,049.90 879.2 234

26 Pooling 2,123.50 526 145

27 Purchase 5,313.40 684.8 240

28 Unknown NA 270.1 93

29 Purchase 34,427.20 683.6 274

30 Pooling 34,427.20 420.2 141

31 Pooling 10,498.00 306.4 99

32 Purchase 5,537.00 744.2 148

33 Purchase 11,250.70 339 127

34 Purchase 6,284.30 399.2 157

35 Purchase 17,292.70 300.6 102

36 Purchase 52.7 570 264

37 Pooling 2,725.90 227.9 108

38 Pooling 1,557.90 279.1 126

39 Pooling 6,028.70 269.2 109

40 Pooling 5,916.80 240.8 110

41 Purchase 21,768.20 225.1 120

42 Pooling 1,085.30 564.4 240

43 Pooling 17,085.00 228.1 NA

44 Pooling 1,510.90 166 72

45 Purchase 6,778.70 350.6 36

46 Purchase 3,964.90 249.2 112

47 Purchase 1,644.90 220.2 36

48 Pooling 7,046.10 465.4 211

49 Pooling 777 160.1 28

50 Purchase 201,430.00 239.7 203

51 Pooling 1,582.90 155.3 33

52 Pooling 1,859.10 276.1 86

53 Purchase 6,869.60 189.2 57

54 Pooling 1,510.90 174.3 50

55 Purchase 4,543.30 202.2 92

56 Pooling 1,337.20 121.6 45

57 Purchase 3,398.10 315.1 127

58 Pooling 1,221.90 154.3 73

59 Pooling 2,871.10 111.7 33

60 Purchase 7,771.60 128.1 20

61 Purchase 1,822.50 225.3 179

62 Pooling 642.7 108 54

63 Purchase 6,809.30 223.6 71

64 Purchase 826.8 176.1 57

65 Purchase 4,543.30 117.8 33

66 Purchase 4,554.80 159.9 162

67 Pooling 1,329.40 114.6 42

68 Purchase 741.1 206.2 11

69 Pooling 1,781.30 145.9 38

70 Pooling 135.3 101.1 36

71 Pooling 14,823.60 116 41

72 Purchase 958.4 182.9 42

73 Purchase 3,334.70 136.2 48

74 Purchase 828.4 212.9 91

75 Purchase 6,809.30 96.5 NA

Total $1,196,811.80 $259,982.30 73,901

Total $1,753,971.10 $267,591.70 77,276

part 5 of 5

Top 75 Bank Mergers Announced in First Half

(Dollars in millions)

Seller's Deposit Price

latest 12 mpremium %premium %

Buyer efficiency of sellerof seller

1 64.41 22.42 31.06

2 57.91 29.55 33.47

3 64.52 13.47 31.96

4 59.29 30.34 28.31

5 62.69 30.94 51.6

6 67 31.93 37.19

7 87.57 105.52 11.58

8 71.46 19.74 32.98

9 61.35 16.96 18.02

10 60.66 27.77 24.85

11 55.23 28.75 52.27

12 62.45 12.25 22.21

13 60.36 29.03 57.46

14 62.58 18.53 37.5

15 68.02 17.35 27.04

16 62.04 30.37 32.84

17 47.26 38.46 62.2

18 55.39 28.76 57.51

19 57.53 37.97 10.9

20 76.22 25.54 77.39

21 47.34 27.81 40.16

22 77.91 14.01 17.35

23 61.29 21.95 51.35

24 46.25 26.68 65.17

25 70.76 14.56 45.78

26 45.95 28.15 60.54

27 61.81 15.09 31.64

28 40.28 NA NA

29 60.97 7.74 -6.68

30 64.82 20.24 50.11

31 50.63 29.67 34.17

32 74.01 9.82 28.97

33 55.99 21.37 NA

34 71.52 NA 22.75

35 55.87 NA NA

36 72.67 NA NA

37 57.96 NA NA

38 67.49 19.43 38.33

39 62.17 19.79 NA

40 70.94 20.99 15.84

41 66.06 20.52 33.37

42 81.23 6.3 43.7

43 55.81 18.19 31.94

44 49.63 NA NA

45 67.45 5.62 3.2

46 80.25 9.84 30.56

47 71.22 18.17 32.85

48 89.99 4.13 85.35

49 55.34 17.93 17.08

50 73.16 8.7 NA

51 60.03 20.22 34.77

52 75.16 9.01 80.63

53 69.92 14.73 NA

54 71.47 15.63 NA

55 56.08 11.59 NA

56 61.34 NA 38.27

57 76.93 5.62 NA

58 62.97 NA 26.59

59 53.25 NA NA

60 48.05 9.56 56.79

61 89.16 NA NA

62 73.02 NA NA

63 75.85 NA NA

64 NA 4.37 32.11

65 62.34 8.67 23.55

66 80.96 NA NA

67 46.57 NA NA

68 34.13 1.08 30.54

69 73.4 11.39 30.24

70 51.03 NA NA

71 71.64 NA NA

72 64.42 5.79 24.8

73 66.03 NA NA

74 77.07 7.55 NA

75 71.79 NA NA

Total 64.10 19.78 36.35

Total 76.94 18.89 36.25

Source: Sheshunoff Information Services, a Thomson Financial company, and American Banker research. Information obtained from Sheshunoff database as of close of business on July 8, 1999.

Deposit premium of seller = deal price per share less book value per share, divided by deposits per share.

Price premium of seller = deal price per share increase over the seller's quoted price two weeks prior to announcement. (t) - Savings & loan institution ===

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