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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