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Quick Links: 2008 - 2007 - 2006 - 2005 - 2004 - 2003 - 2002 - 2001 - 2000
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September 2, 2008 |
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First Azle Bancshares, Inc. of Azle, TX has merged with and into Pinnacle Bancorp, Inc. of Central City, NE. Hovde Financial both initiated this transaction and served as financial advisor to First Azle Bancshares, Inc.
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June 1, 2008 |
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1st Choice Bancorp, Inc. of Houston, TX has merged with and into Prosperity Bancshares, Inc. of Houston, TX. Hovde Financial both initiated this transaction and served as financial advisor to 1st Choice Bancorp, Inc.
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| January 10, 2008 |
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Prosperity Bancshares, Inc. of Houston, Texas has signed a definitive agreement to acquire six branches of Banco Popular North America of New York, New York. Hovde Financial served as financial advisor to Banco Popular North America. |
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| November 28, 2007 |
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Olney Bancshares of Texas of Olney, Texas has signed a definitive agreement to acquire Union Bank, NA of Oklahoma City, Oklahoma. Hovde Financial both initiated this transaction and served as financial advisor to Olney Bancshares of Texas. |
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| November 26, 2007 |
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Yardville National Bancorp of Hamilton, New Jersey has signed a definitive agreement to merge with and into PNC Financial Services Group, Inc. of Pittsburgh, Pennsylvania. Hovde Financial both initiated this transaction and served as financial advisor to Yardville National Bancorp. |
| - Transaction Profile: Click Here |
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| February 29, 2008 |
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Ozaukee Bancshares, Inc. of Cedarburg, Wisconsin has signed a definitive agreement to merge with and into BMO Financial, Inc. of Toronto, Canada. Hovde Financial both initiated this transaction and served as financial advisor to Ozaukee Bancshares, Inc. |
| - Transaction Profile: Click Here |
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| December 3, 2007 |
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Citrus & Chemical Bancorporation of Bartow, Florida has signed a definitive agreement to merge with and into Colonial BancGroup, Inc. of Montgomery, Alabama. Hovde Financial both initiated this transaction and served as financial advisor to Citrus & Chemical Bancorporation. |
| - Transaction Profile: Click Here |
November 30, 2007
Mid-America Bancshares, Inc. of Nashville, Tennessee has merged with and into Pinnacle Financial Partners, Inc. of Nashville, Tennessee. Hovde Financial both initiated this transaction and served as financial advisor to Mid-America Bancshares, Inc.
Transaction Profile: Click Here
November 1, 2007
National Bancorp, Inc. of Schaumburg, Illinois has acquired Antioch Bancshares, Inc. of Antioch, Illinois. Hovde Financial both initiated this transaction and served as financial advisor to National Bancorp, Inc.
Transaction Profile:
October 11, 2007
Fort Worth Bancshares, Inc. of Fort Worth, Texas has merged with and into Southside Bancshares, Inc. of Tyler, Texas. Hovde Financial both initiated this transaction and served as financial advisor to Fort Worth Bancshares, Inc.
Transaction Profile: Click Here
October 1, 2007
Northwest Suburban Bancorp, Inc. of Mount Prospect, Illinois has merged with and into Midwest Banc Holdings, Inc. of Melrose Park, Illinois. Hovde Financial both initiated this transaction and served as financial advisor to Northwest Suburban Bancorp, Inc.
Transaction Profile: Click Here
September 7, 2007
Mercantile Bancorp, Inc. of Quincy, Illinois has acquired HNB Financial Services, Inc. of Hannibal, Missouri. Hovde Financial both initiated this transaction and served as financial advisor to Mercantile Bancorp, Inc.
September 1, 2007
Metcalf Bancshares, Inc. of Overland Park, Kansas has merged with and into Central Bancompany of Jefferson City, Missouri. Hovde Financial both initiated this transaction and served as financial advisor to Metcalf Bancshares, Inc.
Transaction Profile:
July 27, 2007
People's Community Bancshares, Inc. of Sarasota, Florida has merged with and into Superior Bancorp of Birmingham, Alabama. Hovde Financial both initiated this transaction and served as financial advisor to People's Community Bancshares, Inc.
Transaction Profile: Click Here
July 1, 2007
Capital Bancorp, Inc. of Nashville, Tennessee has merged with and into Renasant Corporation of Tupelo, Mississippi. Hovde Financial both initiated this transaction and served as financial advisor to Capital Bancorp, Inc.
Transaction Profile: Click Here
July 1, 2007
Charter Financial Corporation of Bellevue, Washington has merged with and into Boston Private Financial Holdings, Inc. of Boston, Massachusetts. Hovde Financial both initiated this transaction and served as financial advisor to Charter Financial Corporation.
Transaction Profile: Click Here
June 1, 2007
Commercial Bankshares, Inc. of Miami, Florida has merged with and into Colonial BancGroup, Inc. of Montgomery, Alabama. Hovde Financial both initiated this transaction and served as financial advisor to Commercial Bankshares, Inc.
April 25, 2007
BankFirst Bancorp, Inc. of Winter Park, Florida has merged with and into Castle Creek Capital LLC of Rancho Santa Fe, California. Hovde Financial both initiated this transaction and served as financial advisor to BankFirst Bancorp, Inc.
Transaction Profile: Click Here
April 24, 2007
Old Florida Bankshares, Inc. of Ft. Myers, FL has merged with and into Bancshares of Florida, Inc. of Naples, FL. Hovde Financial both initiated this transaction and served as financial advisor to Old Florida Bankshares, Inc.
Transaction Profile: Click Here
April 9, 2007
AmeriMark Financial Corporation, Inc. of Countryside, Illinois has merged with and into Inland Bancorp Holding Company of Oak Brook, Illinois. Hovde Financial both initiated this transaction and served as financial advisor to AmeriMark Financial Corporation, Inc.
Transaction Profile: Click Here
April 9, 2007
Prairie Financial Corporation of Bridgeview, IL has merged with and into Integra Bank Corporation of Evansville, IN. Hovde Financial both initiated this transaction and served as financial advisor to Prairie Financial Corporation.
April 5, 2007
Twenty-First Century Financial Services Co. of Tulsa, Oklahoma has merged with and into Central Bancompany of Jefferson, Missouri. Hovde Financial both initiated this transaction and served as financial advisor to Twenty-First Century Financial Services Co.
April 2, 2007
CenterState Banks of Florida, Inc. of Winter Haven, Florida has acquired Valrico Bancorp, Inc. of Valrico, FL. Hovde Financial initiated this transaction, served as financial advisor to CenterState Banks of Florida, Inc., and delivered a fairness opinion to CenterState Banks of Florida's Board of Directors.
Transaction Profile: Click Here
April 2, 2007
CenterState Banks of Florida, Inc. of Winter Haven, Florida has acquired Valrico Bancorp, Inc. of Valrico, FL. Hovde Financial initiated this transaction, served as financial advisor to CenterState Banks of Florida, Inc., and delivered a fairness opinion to CenterState Banks of Florida's Board of Directors.
Transaction Profile: Click Here
April 1, 2007
South Tulsa Financial Corp. of Tulsa, Oklahoma has merged with and into Commerce Bancshares, Inc. of Kansas City, Missouri. Hovde Financial both initiated this transaction and served as financial advisor to South Tulsa Financial Corp.
April 1, 2007
Bayside Savings Bank of Port St. Joe, Florida has merged with and into Coastal Community Investments, Inc. of Panama City, Florida. Hovde Financial both initiated this transaction and served as financial advisor to Bayside Savings Bank.
Transaction Profile: Click Here
March 30, 2007
First Independent Capital of Nevada of Reno, Nevada has merged with and into Western Alliance Bancorporation of Las Vegas, Nevada. Hovde Financial both initiated this transaction and served as financial advisor to First Independent Capital of Nevada.
Transaction Profile: Click Here
March 30, 2007
Independent Community Bank of Tequesta, Florida has merged with and into Sun American Bancorp of Boca Raton, Florida. Hovde Financial initiated this transaction, served as financial advisor to Independent Community Bank, and delivered a fairness opinion to Independent Community Bank's Board of Directors.
Transaction Profile: Click Here
March 30, 2007
Business Bank of Florida Corp. of Melbourne, Florida has merged with and into Reserve Financial Associates of Columbus, Ohio. Hovde Financial both initiated this transaction and served as financial advisor to Business Bank of Florida Corp.
Transaction Profile: Click Here
March 2, 2007
Signature Financial Holdings, Inc. of St. Petersburg, FL has merged with and into Whitney Holding Corp. of New Orleans, LA. Hovde Financial both initiated this transaction and served as financial advisor to Signature Financial Holdings, Inc.
Transaction Profile: Click Here
February 16, 2007
Unison Bancorp, Inc. of Lenexa, KS has merged with and into Blue Valley Ban Corp of Overland Park, KS. Hovde Financial both initiated this transaction and served as financial advisor to Unison Bancorp, Inc.
January 20, 2007
United Financial Holdings of Lisle, IL has merged with and into FBOP Corporation of Oak Park, IL. Hovde Financial both initiated this transaction and served as financial advisor to United Financial Holdings.
January 17, 2007
Stockmen's Bancorp, Inc. of Kingman, AZ has merged with and into Zions Bancorporation of Salt Lake City, UT. Hovde Financial both initiated this transaction and served as financial advisor to Stockmen's Bancorp, Inc.
Transaction Profile: Click Here
January 16, 2007
Security Bank, NA of Ft. Lauderdale, FL has merged with and into CP Capital Asset Acquisition, Inc. of Miami, FL. Hovde Financial both initiated this transaction and served as financial advisor to Security Bank, NA.
January 5, 2007
The Bank Brevard of Melbourne, FL has merged with and into Castle Creek Capital LLC of Rancho Sante Fe, CA. Hovde Financial initiated this transaction, served as financial advisor to The Bank Brevard, and issued a fairness opinion to The Bank Brevard's Board of Directors.
Transaction Profile: Click Here
January 4, 2007
Fidelity Financial Corp. of Michigan of Birmingham, MI has merged with and into Dearborn Bancorp, Inc. of Dearborn, MI. Hovde Financial both initiated this transaction and served as financial advisor to Fidelity Financial Corp. of Michigan.
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December 13, 2006
PrivateBancorp, Inc. of Chicago, IL has acquired Piedmont Bancshares, Inc. of Atlanta, GA. Hovde Financial both initiated this transaction and served as financial advisor to PrivateBancorp, Inc.
November 10, 2006
First National Bank of Morgan of Morgan, UT has merged with and into Glacier Bancorp, Inc. of Kalispell, MT. Hovde Financial both initiated this transaction and served as financial advisor to First National Bank of Morgan.
November 6, 2006
BB&T Bancshares, Inc. of Bloomingdale, IL has merged with and into LDF Incorporated, Inc. of Chicago, IL. Hovde Financial both initiated this transaction and served as financial advisor to BB&T Bancshares, Inc.
November 6, 2006
NNB Holdings, Inc. of Reno, NV has merged with and into The Bank Holdings of Reno, NV. Hovde Financial both initiated this transaction and served as financial advisor to NNB Holdings, Inc.
Transaction Profile: Click Here
October 31, 2006
Cambank, Inc. of Lake Zurich, IL has merged with and into Inland Bancorp Holding Company of Hillside, IL. Hovde Financial both initiated this transaction and served as financial advisor to Cambank, Inc.
October 31 , 2006
First National Bank of Paonia of Paonia, Colorado has merged with and into First Colorado Corp. of Aspen, Colorado. Hovde Financial both initiated this transaction and served as financial advisor to First National Bank of Paonia.
October 18, 2006
New Asia Bancorp, Inc. of Chicago, IL has merged with and into Cathay General Bancorp, Inc. of Los Angeles, CA. Hovde Financial both initiated this transaction and served as financial advisor to New Asia Bancorp, Inc.
October 3, 2006
Gulfstream Community Bank of Port Richey, FL has merged with and into Republic Bancorp, Inc. of Louisville, KY. Hovde Financial both initiated this transaction and served as financial advisor to Gulfstream Community Bank.
Transaction Profile: Click Here
October 1, 2006
Citizens Development Company of Billings, MT has merged with and into Glacier Bancorp, Inc. of Kalispell, MT. Hovde Financial both initiated this transaction and served as financial advisor to Citizens Development Company.
September 18, 2006
Ameri-National Corporation of Overland Park, KS acquired two branches of Bridgeview Bancorp, Inc. of Chicago, IL. Hovde Financial served as financial advisor to Ameri-National Corporation.
September 1, 2006
PrimeTrust Bank of Nashville, TN and Bank of the South of Mt. Juliet, TN have entered into a true merger of equals. Hovde Financial served as exclusive financial advisor to PrimeTrust Bank.
Transaction Profile: Click Here
August 31, 2006
Royal Palm Bancorp, Inc. of Naples, FL, and its wholly-owned subsidiary, Royal Palm Bank of Florida, have merged with and into Mercantile Bancorp, Inc. of Quincy, IL. Hovde Financial both initiated this transaction and served as financial advisor to Royal Palm Bancorp, Inc.
Transaction Profile: Click Here
August 31, 2006
TEAMCO, Inc. of Oak Lawn, IL has merged with and into First Banks, Inc. of Clayton, MO. Hovde Financial both initiated this transaction and served as financial advisor to TEAMCO, Inc.
August 18, 2006
Commerce Bancshares, Inc. of Billings, MT has merged with and into Stark Bank Group, Ltd. of Fort Dodge, IA. Hovde Financial both initiated this transaction and served as financial advisor to Commerce Bancshares, Inc.
August 18, 2006
First Community Bank Holding Company of DeBary, FL has merged with and into Riverside Banking Company of Fort Pierce, FL. Hovde Financial both initiated this transaction and served as financial advisor to First Community Bank Holding Company.
Transaction Profile: Click Here
August 18, 2006
Commerce Bancshares, Inc. of Waukee, IA has merged with and into Stark Bank Group, Ltd. of Fort Dodge, IA. Hovde Financial both initiated this transaction and served as financial advisor to Commerce Bancshares, Inc.
August 1, 2006
First Citizens Bancorp of Cleveland, TN has merged with and into BB&T Corporation of Winston-Salem, NC. Hovde Financial both initiated this transaction and served as financial advisor to First Citizens Bancorp.
Transaction Profile: Click Here
July 21, 2006
Boone National Savings and Loan Association, FA has merged with and into Commerce Bancshares, Inc. of Kansas City, MO. Hovde Financial both initiated this transaction and served as financial advisor to Boone National Savings and Loan Association, FA.
July 7, 2006
Metrocorp, Inc. of East Moline, IL has merged with and into National Bancshares, Inc. of Bettendorf, IA. Hovde Financial both initiated this transaction and served as financial advisor to Metrocorp, Inc.
July 6, 2006
HopFed Bancorp of Hopkinsville, KY has acquired four branches of AmSouth Bancorporation, Inc. of Birmingham, AL. Hovde Financial served as financial advisor to HopFed Bancorp.
June
7, 2006
Fremont National
Bank of Canon City, CO has merged with and into Wells Fargo and Company of San Francisco,
CA. Hovde Financial both initiated this transaction
and served as financial advisor to Fremont National Bank
of Canon City.
Transaction Profile: Click Here
June
1, 2006
Centennial Bank
of Pueblo of Pueblo, CO has merged with and into Wells Fargo and Company of San Francisco,
CA. Hovde Financial both initiated this transaction
and served as financial advisor to Centennial Bank of Pueblo.
Transaction Profile: Click Here
April 26, 2006
Pittsfield Community Bancorp, Inc. of Pittsfield, IL has merged with and into First Banks, Inc. of Clayton, MO. Hovde Financial both initiated this transaction and served as financial advisor to Pittsfield Community Bancorp, Inc.
April 1, 2006
Big Lake Financial Corporation of Okeechobee, FL has merged with and into Seacoast Banking Corporation of Stuart, FL. Hovde Financial initiated this transaction, served as financial advisor to Big Lake Financial Corporation, and delivered a fairness opinion to Big Lake's Board of Directors.
Transaction Profile: Click Here
April 1, 2006
Gold Banc Corporation, Inc. (NASDAQ: GLDB) of Leawood, KS has merged with and into Marshall & Ilsley Corporation (NYSE: MI) of Milwaukee, WI. Hovde Financial both initiated this transaction and served as financial advisor to Gold Banc Corporation, Inc.
Transaction Profile: Click Here
April 1, 2006
First Florida (Banking Corporation of Florida and First Florida Bank) of Naples, FL has merged with and into Synovus Financial Corp. (NYSE: SNV) of Columbus, GA. Hovde Financial initiated this transaction, served as financial advisor to First Florida, and delivered a fairness opinion to First Florida's Board of Directors.
Transaction Profile: Click Here
March 31, 2006
Commercial State Bank of Bonner Springs of Bonner Springs, KS has merged with and into Union Bank and Trust of Lincoln, NE. Hovde Financial both initiated this transaction and served as financial advisor to Commercial State Bank of Bonner Springs.
March
17, 2006
The First National
Bank of Arvada, a subsidiary of Fremont Bank Corporation
of Canon City, CO, has merged with and into Bank of Choice Holding Company of Evans,
CO. Hovde Financial both initiated this transaction and
served as financial advisor to The First National Bank of
Arvada.
Transaction Profile: Click Here
March 15, 2006
Cavalry Bancorp, Inc. (NASDAQ: CAVB) of Murfreesboro, TN has merged with and into Pinnacle Financial Partners, Inc. (NASDAQ: PNFP) of Nashville, TN. Hovde Financial initiated this transaction, served as financial advisor to Cavalry Bancorp, Inc., and delivered a fairness opinion to Cavalry’s Board of Directors.
January 3, 2006
Plymouth Bancorp, Inc. of Plymouth, IL has merged with and into Community State Bank of Plymouth, IL. Hovde Financial both initiated this transaction and served as financial advisor to Plymouth Bancorp, Inc.
April 13,
2006
First National
Bancshares, Inc. of Bradenton, FL has merged with and into Whitney Holding Corporation
of New Orleans, LA. Hovde Financial both initiated
this transaction and served as financial advisor to First
National Bancshares, Inc.
Transaction Profile: Click Here
January 31, 2006
EFC Bancorp, Inc. of Elgin, IL has merged with and into MAF Bancorp, Inc. of Clarendon Hills, IL. Hovde Financial both initiated this transaction and served as financial advisor to EFC Bancorp, Inc.
Transaction Profile: Click Here
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November
30, 2005
NWB Financial Corporation of Seattle, WA has merged
with and into Pacific Continental Corporation of Eugene,
OR. Hovde Financial both initiated this transaction
and served as financial advisor to NWB Financial Corporation.
Transaction Profile: Click Here
November 30,
2005
Illinois State
Bank of Lake in the Hills, IL has merged with and into North
Shore Bank FSB of Brookfield, WI. Hovde Financial both initiated
this transaction and served as financial advisor to Illinois
State Bank.
November 1,
2005
Bank of Choice
Holding Company of Evans, CO has acquired Colonial Banks
of Colorado of Aurora, CO. Hovde Financial both initiated
this transaction and served as financial advisor to Bank
of Choice Holding Company.
October 31,
2005
Pacifica Bancorp,
Inc. of Bellevue, WA has merged with and into UCBH Holdings,
Inc. of San Francisco, CA. Hovde Financial both initiated
this transaction and served as financial advisor to Pacifica
Bancorp, Inc.
Transaction Profile: Click Here
October 31, 2005
Northway State
Bank of Grayslake, IL has merged with and into First Banks,
Inc. of St. Louis, MO. Hovde Financial both initiated this
transaction and served as financial advisor to Northway
State Bank.
October 7, 2005
Horizon Capital
Bank of Houston, TX has merged with and into Cullen/Frost
Bankers of San Antonio, TX. Hovde Financial both initiated
this transaction and served as financial advisor to Horizon
Capital Bank.
Transaction Profile: Click Here
June
17, 2005
Olney Bancshares of Texas, Inc. of Olney, TX has acquired
seven branches of Gold Banc Corporation, Inc. of Leawood,
KS. Hovde Financial served as financial advisor to Gold
Banc Corporation, Inc.
June 1, 2005
Marine Bancorp,
Inc. of Marathon, FL has merged with and into Home Bancshares,
Inc. of Conway, AR. Hovde Financial served as financial
advisor to Marine Bancorp, Inc.
Transaction Profile: Click Here
May
31, 2005
First Federal Banc of the Southwest, Inc. of Roswell,
NM has acquired GFSB Bancorp, Inc. of Gallup, NM. Hovde
Financial both initiated this transaction and served as
financial advisor to First Federal Banc of the Southwest,
Inc.
April 29, 2005
FBA Bancorp, Inc. of Chicago, IL has merged with and into First Banks, Inc. of St. Louis, MO. Hovde Financial both initiated this transaction and served as financial advisor to FBA Bancorp, Inc.
April 22, 2005
Destin Bancshares,
Inc. of Destin, FL has merged with and into Whitney
Holding Corporation of New Orleans, LA. Hovde Financial
both initiated this transaction and served as financial
advisor to Destin Bancshares, Inc.
Transaction Profile: Click Here
March
31, 2005
Citizens Bank
Holding Company of Pocatello, ID has merged with and
into Glacier Bancorp, Inc. of Kalispell, MT. Hovde Financial
served as financial advisor to Citizens Bank Holding Company.
Transaction Profile: Click Here
March
31, 2005
First Northwest
Bancorp, Inc. of Arlington Heights, IL has merged with
and into Wintrust Financial Corporation of Lake Forest,
IL. Hovde Financial both initiated this transaction and
served as financial advisor to First Northwest Bancorp,
Inc.
Transaction Profile: Click Here
March
1, 2005
Redwood Empire Bancorp of Santa Rosa, CA has merged with
and into Westamerica Bancorporation of San Rafael, CA.
Hovde Financial both initiated this transaction and served
as financial advisor to Redwood Empire Bancorp.
Transaction Profile: Click Here
February 10, 2005
Union Bank of Florida of Ft. Lauderdale, FL has merged
with and into Colonial BancGroup, Inc. of Montgomery,
AL. Hovde Financial both initiated this transaction and
served as financial advisor to Union Bank of Florida.
Transaction Profile: Click Here
January
17, 2005
Central Kansas, Inc. of Junction City, KS has acquired two
branch locations of Unison Bancorp, Inc. of Lenexa, KS.
Hovde Financial served as financial advisor to Unison Bancorp,
Inc.
January 14, 2005
First National Bank in Homer of Homer, IL has merged with
and into Sidell Bancorp, Inc. of Sidell, IL. Hovde Financial
both initiated this transaction and served as financial
advisor to First National Bank in Homer.
January
3, 2005
Kislak Financial Corporation of Miami Lakes, FL has merged
with and into Popular of San Juan, PR. Hovde Financial
both initiated this transaction and served as financial
advisor to Kislak Financial Corporation.
Transaction Profile: Click Here
January
1, 2005
First National Bankshares of Florida, Inc. of Naples,
FL has merged with and into Fifth Third Bancorp of Cincinnati,
OH. Hovde Financial both initiated this transaction and
served as co-advisor to First National Bankshares of Florida,
Inc.
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December
30, 2004
Mercantile Bancorp,
Inc. of Hammond, IN has merged with and into Harris Bankcorp,
Inc. of Chicago, IL. Hovde Financial both initiated
this transaction and served as financial advisor to Mercantile
Bancorp, Inc.
Transaction Profile: Click Here
December
31, 2004
Premier Bancorp, Inc. of Brentwood, TN has merged with
and into BancorpSouth, Inc. of Tupelo, MS. Hovde Financial
both initiated this transaction and served as financial
advisor to Premier Bancorp, Inc.
Transaction Profile: Click Here
November
30, 2004
First Bradenton Bank of Bradenton, FL has merged with and
into First National Bankshares of Florida, Inc. of Naples,
FL. Hovde Financial both initiated this transaction and
served as financial advisor to First Bradenton Bank.
Transaction Profile: Click Here
November
30, 2004
Citizens Bancshares,
Inc. of Crawfordville, FL has merged with and into
ABC Bancorp of Moultrie, GA. Hovde Financial both initiated
this transaction and served as financial advisor to Citizens
Bancshares, Inc.
November
2, 2004
Snake River Bancorp
of Twin Falls, ID has merged with and into Intermountain
Community Bancorp of Sandpoint, ID. Hovde Financial both
initiated this transaction and served as financial advisor
to Snake River Bancorp.
August
24, 2004
United Arizona
Bank, NA of Cave Creek, AZ has merged with and into
Parkway Bancorp, Inc. of Harwood Heights, IL. Hovde Financial
both initiated this transaction and served as financial
advisor to United Arizona Bank, NA.
August 31, 2004
Quaker City Bancorp, Inc. of Whittier, CA has merged with
and into Popular, Inc. of San Juan, PR. Hovde Financial
both initiated this transaction and served as financial
advisor to Quaker City Bancorp, Inc.
August 20, 2004
Madison Bancshares,
Inc. of
Palm Harbor
,
FL
has merged with and into Whitney Holding Corp.
of
New Orleans
,
LA.
Hovde Financial both initiated this transaction
and served as financial advisor to Madison Bancshares, Inc.
July 30, 2004
Continental Mortgage Corp. of Aurora, IL has merged with
and into First Banks, Inc of St. Louis, MO. Hovde Financial
both initiated this transaction and served as financial
advisor to Continental Mortgage Corp.
July 16, 2004
CNB Florida Bancshares,
Inc. of
Jacksonville, FL has merged with and into The South Financial
Group, Inc. of Greenville
, SC. Hovde Financial both initiated this transaction
and served as financial advisor to CNB Florida Bancshares,
Inc.
May 28, 2004
First SecurityFed Financial, Inc. of Chicago, IL has merged
with and into MB Financial, Inc. of Chicago, IL. Hovde Financial
both initiated this transaction and served as financial
advisor to First SecurityFed Financial, Inc.
May 28, 2004
Franklin Bancorp, Inc. of Southfield, MI has merged with
and into First Place Financial Corp. of Warren, OH. Hovde
Financial both initiated this transaction and served as
financial advisor to Franklin Bancorp, Inc.
May 18, 2004
P.C.B. Bancorp, Inc. of Clearwater, FL has merged with and
into Colonial BancGroup, Inc. of Montgomery, AL. Hovde Financial
both initiated this transaction and served as financial
advisor to P.C.B. Bancorp, Inc.
May 7, 2004
Community Bancs of Oklahoma of Tulsa, OK has merged with
and into Central Bancompany of Jefferson City, MO. Hovde
Financial both initiated this transaction and served as
financial advisor to Community Bancs of Oklahoma.
May
7, 2004
Western Oklahoma Bancshares, Inc. of Elk City, OK has acquired
three branch locations of Gold Banc Corporation, Inc. of
Leawood, KS. Hovde Financial served as financial advisor
to Gold Banc Corporation, Inc.
February 27, 2004
Southern Financial Bancorp, Inc. of Warrenton, VA has acquired
Essex Bancorp, Inc. of Norfolk, VA. Hovde Financial both
initiated this transaction and served as financial advisor
to Southern Financial Bancorp, Inc.
January 30, 2004
Peoples Florida Banking Corporation of Palm Harbor, FL has
merged with and into Synovus Financial Corp. of Columbus,
GA. Hovde Financial both initiated this transaction and
served as financial advisor to Peoples Florida Banking Corporation.
January 5, 2004
Round Lake Bankorp, Inc. of Round Lake, IL has merged with
and into Northern States Financial Corporation of Waukegan,
IL. Hovde Financial both initiated this transaction and
served as financial advisor to Round Lake Bankorp, Inc.
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November 24, 2003
Sable Bancshares, Inc. of Chicago, IL has merged with and
into IBC Bancorp, Inc. of Chicago, IL. Hovde Financial both
initiated this transaction and served as financial advisor
to Sable Bancshares, Inc.
November 14, 2003
BancFirst Corporation, Inc. of Oklahoma City, OK has acquired
two branch locations of Gold Banc Corporation, Inc. of Leawood,
KS. Hovde Financial served as financial advisor to Gold
Banc Corporation, Inc.
September 10, 2003
Colorado Funding Company of Denver, CO has merged with and
into BOK Financial Corporation of Tulsa, OK. Hovde Financial
both initiated this transaction and served as financial
advisor to Colorado Funding Company.
September
2, 2003
ColoEast Bankshares, Inc. of Lamar, CO has merged with and
into Gold Banc Corporation, Inc. of Leawood, KS. Hovde Financial
served as financial advisor to Gold Banc Corporation, Inc.
June 13, 2003
First Midwest Bancorp, Inc., of Itasca, IL has acquired
one branch location of Northern Trust Corporation of Chicago,
IL. Hovde Financial served as financial advisor to Northern
Trust Corporation.
May 30, 2003
Farmers Exchange Bancorporation, Inc. of Cherokee, OK has
acquired two branches of Gold Banc Corporation, Inc. of
Leawood, KS. Hovde Financial served as financial advisor
to Gold Banc Corporation, Inc.
April 25, 2003
Standard Bancshares, Inc. of Hickory Hills, IL has acquired
one branch location of Umbrella Bancorp, Inc. of Summit,
IL. Hovde Financial served as financial advisor to Umbrella
Bancorp, Inc.
March 31, 2003
Charter Banking Corp. of Tampa, FL has merged with and into
F.N.B. Corporation of Naples, FL. Hovde Financial both initiated
this transaction and served as financial advisor to Charter
Banking Corp.
March 31, 2003
MAF Bancorp, Inc. of Clarendon Hills, IL has acquired one
branch location of Umbrella Bancorp, Inc. of Summit, IL.
Hovde Financial served as financial advisor to Umbrella
Bancorp, Inc.
February 16, 2003
Hawthorn Corporation of Mundelein, IL has merged with and
into State Financial Services Corporation of Milwaukee,
WI. Hovde Financial both initiated this transaction and
served as financial advisor to Hawthorn Corporation.
January 20, 2003
Family Savings Bank, FSB of Los Angeles, CA has merged with
and into Boston Bank of Commerce of Boston, MA. Hovde Financial
served as financial advisor to Family Savings Bank, FSB.
January
3, 2003
Big Foot Financial Corporation of Long Grove, IL has merged
with and into Midwest Banc Holdings, Inc. of Melrose Park,
IL. Hovde Financial both initiated this transaction and
served as financial advisor to Big Foot Financial Corp.
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November
18, 2002
Centennial Bancorp of Portland, OR has merged with and into
Umpqua Holdings Corp. of Portland, OR. Hovde Financial served
as financial advisor to Centennial Bancorp.
November 9, 2002
First National Bank of Sumner of Sumner, IL has merged with
and into People's State Bank of Newton of Newton, IL. Hovde
Financial both initiated this transaction and served as
financial advisor to First National Bank of Sumner.
October
25, 2002
Bank of Tanglewood of Houston, TX has merged with and into
BOK Financial of Tulsa, OK. Hovde Financial served as financial
advisor to Bank of Tanglewood.
October
2, 2002
Gold Banc Corporation, Inc. of Leawood, KS has acquired
four Kansas City area locations of Encore Bancshares, Inc.
of Houston, TX. Hovde Financial both initiated this transaction
and served as financial advisor to Encore Bancshares, Inc.
September 27, 2002
Standard Mutual Holding Company, of Murrysville, PA has
acquired one branch location of Commercial National Financial
Corporation of Latrobe, PA. Hovde Financial served as financial
advisor to Commercial National Financial Corporation.
September 20, 2002
FBOP Corporation of Oak Park, IL has acquired one branch
location of Sterling Bancorp, Inc. of Southfield, IN. Hovde
Financial served as financial advisor to Sterling Bancorp,
Inc.
August 14, 2002
Metro-County Bank of Virginia. of Richmond, VA has merged
with and into Southern Financial Bancorp, Inc. of Warrenton,
VA. Hovde Financial served as financial advisor to Southern
Financial Bancorp, Inc.
August 1, 2002
Indiana United Bancorp of Greensburg, IN has acquired four
branch locations of Old National Bancorp of Evansville,
IN. Hovde Financial served as financial advisor to Old National
Bancorp.
July 12, 2002
Summit Bancshares, Ltd. of Olney, IL has acquired the Oblong
and Robinson branch locations of Old National Bancorp of
Evansville, IN. Hovde Financial served as financial advisor
to Old National Bancorp.
June 28, 2002
Commercial National Financial Corporation of Latrobe, PA
has acquired one branch location of GA Financial, Inc. of
Pittsburgh, PA. Hovde Financial served as financial advisor
to Commercial National Financial Corporation.
May 4, 2002
The Bank of Oberlin, KS has acquired three locations of
Gold Banc Corporation of Leawood, KS. Hovde Financial served
as financial advisor to Gold Banc Corporation.
March 29, 2002
Stockgrowers State Bank of Maple Hill, KS has acquired one
branch location of Gold Banc Corporation of Leawood, KS.
Hovde Financial served as financial advisor to Gold Banc
Corporation.
February 15, 2002
The Florida Bancorporation, Inc. of Palm Harbor, FL has
merged with and into Charter Banking Corporation of Tampa,
FL. Hovde Financial both initiated this transaction and
served as financial advisor to Florida Bancorporation.
(Return to Top)
November
30, 2001
Mid Town Bancorp of Chicago, IL has merged with and into
MAF Bancorp of Clarendon Hills, IL. Hovde Financial both
initiated this transaction and served as financial advisor
to Mid Town Bancorp, Inc.
November 7, 2001
MidCity Financial Corporation of Chicago, IL has completed
a merger-of-equals with MB Financial, Inc. of Chicago, IL.
Hovde Financial both initiated this transaction and served
as financial advisor to MidCity Financial Corporation.
October 19, 2001
Rockwell Bancorp, Inc. of Oklahoma City, OK has merged with
and into First National Bancshares of Edmond, OK. Hovde
Financial both initiated this transaction and served as
financial advisor to Rockwell Bancorp, Inc.
May
16, 2001
MB Financial, Inc. of Chicago, IL has acquired FSL Holdings,
Inc. of South Holland, IL. Hovde Financial both initiated
this transaction and served as financial advisor to MB Financial,
Inc.
May
11, 2001
Bremer Financial Corporation of St. Paul, MN has acquired
eleven branch locations of Firstar Corporation of Milwaukee,
WI. Hovde Financial served as financial advisor to Bremer
Financial Corporation.
April
30, 2001
Founders National Bank of Los Angeles, CA has merged with
and into Boston Bank of Commerce of Boston, MA. Hovde Financial
both initiated this transaction and served as financial
advisor to Founders National Bank.
April
30, 2001
National City Bancorporation of Minneapolis, MN has merged
with and into Marshall & Ilsley Corporation of Milwaukee,
WI. Hovde Financial both initiated this transaction and
served as financial advisor to National City Bancorporation.
March
15, 2001
GrandBanc, Inc., of Rockville, MD has merged with and into
Century Bancshares, Inc. of Washington, DC. Hovde Financial
both initiated this transaction and served as financial
advisor to GrandBanc, Inc.
February 17, 2001
Allegiant Bank of St. Louis, MO has acquired five St. Louis
area branch locations of Guardian Savings Bank of Houston,
TX. Hovde Financial both initiated this transaction and
served as financial advisor to Guardian Savings Bank.
February 14, 2001
Foxdale Bancorp, Inc. of South Elgin, IL has merged with
and into F.N.B.C. of LaGrange, Inc. of LaGrange, IL. Hovde
Financial served as financial advisor to Foxdale Bancorp,
Inc.
February 5, 2001
First American Bank Group, Ltd. of Fort Dodge, IA has acquired
three branch locations of Wells Fargo & Co. of San Francisco,
CA. Hovde Financial served as financial advisor to First
American Bank Group, Ltd.
January
31, 2001
Webster Bancorp, Inc. of Clay, KY, has merged with and into
Integra Bank Corp. of Evansville, IN. Hovde Financial both
initiated this transaction and served as financial advisor
to Webster Bancorp, Inc.
January
26, 2001
Draper Bancorp of Draper, UT has merged with and into Zions
Bancorporation of Salt Lake City, UT. Hovde Financial served
as financial advisor to Draper Bancorp.
January
16, 2001
Irving National Bancshares of Irving, TX has merged with
and into SouthTrust Corporation of Birmingham, AL. Hovde
Financial both initiated this transaction and served as
financial advisor to Irving National Bancshares.
January
16, 2001
Professional Bancorp, Inc. of Santa Monica, CA has merged
with and into First Community Bancorp of Rancho Santa Fe,
CA. Hovde Financial both initiated this transaction and
served as financial advisor to Professional Bancorp, Inc.
(Return to Top)
August
31, 2000
Valley Merchants Bank, NA of Hemet, CA has merged with and
into Business Bancorp of San Bernardino, CA. Hovde Financial
both initiated this transaction and served as financial
advisor to Valley Merchants Bank.
August
8, 2000
Heritage Bancorp, Inc. of Hutto, TX has merged with and
into Regions Financial Corporation of Birmingham, AL. Hovde
Financial both initiated this transaction and served as
financial advisor to Heritage Bancorp, Inc.
April
5, 2000
MegaBank Financial Corp. of Englewood, CO has merged with
and into Compass Bancshares, Inc. of Birmingham, AL. Hovde
Financial both initiated this transaction and served as
financial advisor to MegaBank Financial Corp.
March
19, 2000
Burkburnett Bancshares, Inc. of Burkburnett, TX has merged
with and into The Adam Corporation Group of Bryan, TX. Hovde
Financial served as financial advisor to Burkburnett Bancshares,
Inc.
March
2, 2000
CountryBanc Holding Company of Edmond, OK has merged with
and into Gold Banc Corp of Leawood, KS. Hovde Financial
both initiated this transaction and served as financial
advisor to CountryBanc Holding Company.
February
1, 2000
Bank of Hollywood of Hollywood, CA has merged with and into
PBOC Holdings, Inc. of Los Angeles, CA. Hovde Financial
both initiated this transaction and served as financial
advisor to Bank of Hollywood.
January
28, 2000
North County Bancorp of Escondido, CA has merged with and
into Wells Fargo & Co. of San Francisco, CA. Hovde Financial
both initiated this transaction and served as financial
advisor to North County Bancorp.
January
18, 2000
First Place Financial Corp. of Farmington, NM has merged
with and into Wells Fargo & Co. of San Francisco, CA.
Hovde Financial both initiated this transaction and served
as financial advisor to First Place Financial Corp.
January
18, 2000
American International Bank of Los Angeles, CA has merged
with and into East West Bancorp, Inc of San Marino, CA.
Hovde Financial both initiated this transaction and served
as financial advisor to American International Bank.
January
14, 2000
Western Bancshares of Albuquerque, Inc. of Albuquerque,
NM has merged with and into Compass Bancshares, Inc. of
Birmingham, AL. Hovde Financial both initiated this transaction
and served as financial advisor to Western Bancshares of
Albuquerque, Inc.
- The aforementioned files are in PDF format. Adobe Acrobat is required to read them.
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Hovde Financial is pleased to announce that Commercial Bankshares, Inc. (NASDAQ: CLBK), headquartered in Miami, Florida, has signed a definitive agreement to merge with Colonial BancGroup, Inc. (NYSE: CNB), of Montgomery, Alabama, in a 50% stock/ 50% cash transaction valued at $323 million (or approximately $50 per share based on Colonial’s average trading price). Shareholders can elect 100% stock, 100% cash or any combination thereof. This transaction represents the largest deal that Colonial has ever done and is the largest community bank sale in Florida since Hovde sold First National Bankshares to Fifth Third in 2004 for $1.6 billion (over 6x book).
Commercial Bankshares, led by well-respected veteran Chairman and CEO Joe Armaly, operates 14 branches in Dade and Broward Counties. The Company is one of the premier South Florida community bank franchises with a focus on commercial real estate lending and core deposit generation. This, coupled with pristine credit quality, has resulted in solid and consistent earnings (1.20% ROAA and 14.78% ROAE).
This transaction is Colonial’s first acquisition in over two years (Hovde sold Union Bank of Florida to Colonial in 2004 for $240 million) and will place over 60% of their franchise in Florida. While the deal catapults Colonial into a top-ten market position in the Miami MSA, very little branch overlap exists, as only three of Commercial’s branches are within one mile of a Colonial branch. Colonial will also maintain its #6 deposit ranking in the state of Florida.
The aggregate deal value of $323 million equates to 3.6x tangible book, 26x LTM earnings, 24x 2007E earnings, a 43% premium-to-core deposits, and a 37% premium to CLBK’s stock price (based on CLBK’s price two weeks prior to announcement). The price-to-book multiple of 3.6x represents the second-highest premium ever recorded for a bank in South Florida and the 12th-highest price in Florida since the elimination of Pooling Accounting in 2001. It is important to note that the 43% premium-to-core deposits is the fourth-highest ever recorded in Florida, slightly exceeding the NationsBank/Barnett Banks premium of 42% in 1997.
Hovde Financial initiated the transaction, served as exclusive financial advisor to Commercial Bankshares, and delivered a fairness opinion to Commercial’s Board of Directors.
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