Last Week's Whole Bank and Thrift M&A Deals
Announced during the week of Sept. 22, 2000
Buyer Target Announcement date Purchase price ($000) Price to equity Price to net income*
Synovus Financial Corp. Ga. Carolina Southern Bank S.C. Sept. 19 $63,479 2.72 23.53
Peoples Community Bancorp Ohio Market Financial Corp. Ohio Sept. 19 16,789 1.23 29.66
PAB Bankshares Inc. Ga. Friendship Community Bank Fla. Sept. 19 7,600 1.92 23.36
Union Planters Corp. Tenn. Jefferson Savings Bancorp Mo. Sept. 20 146,154 1.09 12.71
Glacier Bancorp Inc. Mont. WesterFed Financial Corp Mont. Sept. 20 99,792 1.06 15.52
Whitney Holding Corp. La. American Bank Tex. Sept. 20 63,638 3.67 18.05
Humboldt Bancorp Calif. Tehama Bancorp Calif. Sept. 20 39,817 2.01 15.51
Investor Group Calif.† Palomar Community Bank Calif. Sept. 20 10,750 0.86 N/A
Boiling Springs Bancorp N.J. Ridgewood Financial Inc. N.J. Sept. 21 26,903 N/A N/A
 
OTHER Asset Transactions
Buyer Seller Announcement date Purchase price Type of assets
Latah Bancorporation Wash. United Security Bancorp. Wash. Sept. 18 N/A Branches
Chase Manhattan Corp. N.Y. Fuji Bank Ltd. Sept. 19 N/A Trust services
Firstrust Savings Bank Pa. CloverBank N.J. Sept. 19 N/A Other
FNB Corp. Va. First Union Corp. N.C. Sept. 19 N/A Branches
National Bankshares Inc. Va. First Union Corp. N.C. Sept. 19 N/A Branches
United Community Banks Inc. Ga. Brintech Inc. Fla. Sept. 20 N/A Other
Greene County Bancshares Tenn. Wachovia Corp. N.C. Sept. 21 N/A Branches
Northeast Pennsylvania Financial Corp. Pa. Higgins Insurance Associates Pa. Sept. 21  N/A  Insurance 
Wachovia Corp. N.C. Greene County Bancshares Tenn. Sept. 21 N/A Branches
*Last 12 months † Management-led
Source: Sheshunoff Information Services

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