Merger Decisions 2018, Annual Report to Congress
MERGER DECISIONS
2018
FEDERAL DEPOSIT INSURANCE CORPORATION
FEDERAL DEPOSIT INSURANCE CORPORATION
MERGER DECISIONS
ANNUAL REPORT TO CONGRESS
Bank Merger Act Reporting Requirements (Monday, January 01, 2018 through Monday, December 31, 2018)
All of the following Merger applications were approved by the FDIC during the year 2018. With regard to each application, the FDIC considered and found favorably with respect to the statutory factors, including the financial and managerial resources; future prospects of the existing and proposed institutions; the convenience and needs of the community to be served; the risk to the stability of the United States banking and financial system; and the effectiveness of each depository institution involved in the merger in combating money laundering activities, including in overseas branches.
Except as noted, reports regarding the competitive factors were requested from the Attorney General, and Summary Reports from the Attorney General indicated that the transactions would not have a significant adverse effect on competition.
In each case, the FDIC determined that the transaction would not result in a monopoly or further any combination or conspiracy to monopolize or attempt to monopolize the business of banking in any part of the United States. In addition, the FDIC determined that the transaction would not have the effect in any section of the country to substantially lessen competition or tend to create a monopoly or in any other manner restrain trade, unless the anticompetitive effects of the transaction were clearly outweighed in the public interest by the probable effect of the transaction in meeting the convenience and needs of the community to be served.
Finally, the FDIC determined that, for each interstate merger case (other than a case involving an insured institution in default or in danger of default), the resulting insured institution, including its affiliated insured institutions, upon consummation of the transaction would not control more than ten percent (10%) of the total amount of deposits of all insured depository institutions in the United States.
Note: This Report is available on the FDIC's Public Information Center's web site at: bank/individual/merger/
Regular Mergers
Applicant Institution
Other Institution
Institution Name City, State
Total Assets Cert # Institution Name
(000's)
City, State
Cert# Assets Offices Action DOJ Application Acquired Acquired Approved Reply Date Number (000's)
First US Bank BIRMINGHAM, AL
633,873 17077 The Peoples Bank ROSE HILL, VA
10730
166,032 4
08/15/2018 06/22/2018 20180677
Covenant Bank LEEDS, AL
55,994 34460 Millennial Acquisition Corporation
0
55,994 1 03/15/2018 01/03/2018 20171605
LEEDS, AL
River Bank & Trust PRATTVILLE, AL
855,780 58255 Peoples Southern Bank CLANTON, AL
850
190,094 3 10/03/2018 09/05/2018 20180990
FNB Bank SCOTTSBORO, AL
545,213 2824 Capital Bank FORT OGLETHORPE, GA
19195
123,760 3
10/02/2018 09/05/2018 20180976
First Community Bank BATESVILLE, AR
1,383,715 34533 Guaranty Bank SPRINGFIELD, MO
28670
4,747 1 10/11/2018 10/03/2018 20181216
Pacific Western Bank BEVERLY HILLS, CA
24,748,186 24045 El Dorado Savings Bank, F.S.B. PLACERVILLE, CA
30953 2,198,930 35 12/19/2018 10/31/2018 20181410
First Choice Bank CERRITOS, CA
903,668 57966 Pacific Commerce Bank LOS ANGELES, CA
57065
535,533 6
05/10/2018 03/29/2018 20180375
Tri Counties Bank CHICO, CA
4,778,200 21943 First National Bank of Northern California DALY CITY, CA
18767 1,259,699 12 05/29/2018 01/19/2018 20180008
Community Valley Bank EL CENTRO, CA
155,400 58500 Umpqua Bank ROSEBURG, OR
17266
35,000 1 05/23/2018 05/02/2018 20180475
First Foundation Bank IRVINE, CA
4,046,505 58647 Premier Business Bank LOS ANGELES, CA
58261
586,378 6
05/16/2018 02/14/2018 20180116
Hanmi Bank LOS ANGELES, CA
5,416,018 24170 Southwestern National Bank HOUSTON, TX
34319
404,488 7
08/03/2018 07/11/2018 20180865
Royal Business Bank LOS ANGELES, CA
1,712,483 58816 First American International Bank BROOKLYN, NY
35186
889,278 8
09/28/2018 06/22/2018 20180765
Citizens Business Bank ONTARIO, CA
8,348,017 21716 Community Bank PASADENA, CA
24315 3,720,373 17 07/25/2018 04/19/2018 20180438
Bank of the Sierra PORTERVILLE, CA
2,340,180 22597 Community Bank of Santa Maria SANTA MARIA, CA
57073
33,856 1 03/15/2018 02/14/2018 20180164
Plumas Bank QUINCY, CA
736,088 23275 Mutual of Omaha Bank OMAHA, NE
32325
48,562 1 07/16/2018 06/13/2018 20180742
Redding Bank of Commerce REDDING, CA
1,315,920 24074 The Merchants National Bank of Sacramento SACRAMENTO, CA
3502
213,360 3 12/14/2018 12/06/2018 20181511
Bank of Rio Vista RIO VISTA, CA
217,885 8472 F&M Acquisition Subsidiary
0
0 0 06/14/2018 05/16/2018 20180612
LODI, CA
Poppy Bank SANTA ROSA, CA
1,606,988 57903 Blue Gate Bank COSTA MESA, CA
59094
129,936 1
06/01/2018 05/30/2018 20180554
BAC Community Bank STOCKTON, CA
623,681 19434 Central Valley Community Bank FRESNO, CA
23030
21,775 0 06/20/2018 05/16/2018 20180451
Suncrest Bank VISALIA, CA
528,917 58728 CBBC Bancorp WEST SACRAMENTO, CA
0
336,651 2 05/04/2018 12/20/2017 20180076
Regular Mergers (Page 1 of 8, of 141 records) Data Date(s) 01/01/2018 to 12/31/2018
Applicant Institution
Other Institution
Institution Name City, State
Total Assets Cert # Institution Name
(000's)
City, State
Cert# Assets Offices Action DOJ Application Acquired Acquired Approved Reply Date Number (000's)
Mechanics Bank WALNUT CREEK, CA
5,637,565 1768 Learner Financial Corporation WALNUT CREEK, CA
0
450 0 04/24/2018 03/29/2018 20180496
United Bank HARTFORD, CT
7,063,312 18203 Webster Bank, National Association WATERBURY, CT
18221
2,869 6 08/15/2018 07/11/2018 20180841
Salisbury Bank and Trust Company LAKEVILLE, CT
986,691 18467 Orange Bank &Trust Company MIDDLETOWN, NY
12944
22,925 1 03/16/2018 02/14/2018 20180053
Drummond Community Bank CHIEFLAND, FL
518,411 32737 Peoples State Bank LAKE CITY, FL
34702
86,888 3 09/25/2018 09/05/2018 20181061
Preferred Community Bank FORT MYERS, FL
119,173 58262 Achieva Credit Union DUNEDIN, FL
0
119,173 3 07/23/2018 05/02/2018 20180285
International Finance Bank MIAMI, FL
513,877 24823 Modern Bank, National Association NEW YORK, NY
22398
154,148 0 09/07/2018 07/25/2018 20180772
Sunstate Bank MIAMI, FL
244,695 34643 Sunstate Acquisition Merger Sub, Inc.
0
MIAMI, FL
409,512 3 07/20/2018 05/16/2018 20180573
Intercontinental Bank WEST MIAMI, FL
57214
164,817 1
Encore Bank NAPLES, FL
385,605 58376 Lake Michigan Credit Union GRAND RAPIDS, MI
0
385,605 6 03/05/2018 12/20/2017 20171507
Community State Bank STARKE, FL
104,469 17734 CenterState Bank, National Association 33555 WINTER HAVEN, FL
18,365 1 02/12/2018 12/20/2017 20171722
Citizens First Bank THE VILLAGES, FL
2,105,893 33440 First Federal Bank LAKE CITY, FL
31313
35,336 1 08/07/2018 07/25/2018 20180854
The Oculina Bank VERO BEACH, FL
358,563 57559 IBM Southeast Employees' Credit Union 0 DELRAY BEACH, FL
358,563 8 12/19/2018 11/20/2018 20181144
Georgia Heritage Bank DALLAS, GA
94,348 58005 LGE Community Credit Union MARIETTA, GA
0
94,348 2 08/16/2018 04/19/2018 20180430
State Bank of Georgia FAYETTEVILLE, GA
90,742 58599 Georgia's Own Credit Union ATLANTA, GA
0
90,742 1 07/13/2018 01/03/2018 20171720
Colony Bank FITZGERALD, GA
1,202,586 22257 Planters First Bank CORDELE, GA
9064
20,481 1 09/26/2018 08/23/2018 20181076
Southern Bank SARDIS, GA
80,341 16288 SRP Federal Credit Union NORTH AUGUSTA, SC
0
80,341 5 11/08/2018 06/22/2018 20180007
United Bank of Iowa IDA GROVE, IA
1,490,031 958 The First Trust & Savings Bank MARCUS, IA
15431
36,706 3 04/10/2018 03/14/2018 20180264
MidWestOne Bank IOWA CITY, IA
3,269,401 14843 American Trust & Savings Bank DUBUQUE, IA
13150 1,201,942 12 10/29/2018 10/03/2018 20181258
American Bank & Trust Wisconsin CUBA CITY, WI
6183
167,897 5
Keystone Savings Bank MARENGO, IA
102,597 17993 Farmers Savings Bank VICTOR, IA
8097
36,628 1 09/17/2018 09/05/2018 20181091
Regular Mergers (Page 2 of 8, of 141 records) Data Date(s) 01/01/2018 to 12/31/2018
Applicant Institution
Other Institution
Institution Name City, State
Total Assets Cert # Institution Name
(000's)
City, State
Cert# Assets Offices Action DOJ Application Acquired Acquired Approved Reply Date Number (000's)
Peoples Bank ROCK VALLEY, IA
499,686 16265 Pinnacle Bank Sioux City SIOUX CITY, IA
18958
72,475 2 06/26/2018 05/30/2018 20180666
Athens State Bank ATHENS, IL
131,985 9631 National Bank of Petersburg PETERSBURG, IL
16718
150,594 1
08/31/2018 08/23/2018 20180973
Byline Bank CHICAGO, IL
3,304,285 20624 First Bank & Trust EVANSTON, IL
34060 1,117,997 10 03/08/2018 02/14/2018 20180114
Joy State Bank JOY, IL
49,664 11329 Farmers-Merchants National Bank of Paxton PAXTON, IL
12104
111,773 3
08/14/2018 07/25/2018 20180929
The Peoples State Bank of Newton NEWTON, IL
399,684 11722 First Bank CREVE COEUR, MO
12229
88,481 3 01/10/2018 12/20/2017 20171676
Marion County Savings Bank SALEM, IL
178,499 30819 Flora Savings Bank FLORA, IL
27685
30,370 1 09/14/2018 07/25/2018 20180924
Old National Bank EVANSVILLE, IN
17,392,739 3832 Marine Credit Union EAU CLAIRE, WI
0
253,450 10 08/13/2018 05/30/2018 20180618
German American Bank JASPER, IN
3,136,038 17393 MainSource Bank GREENSBURG, IN
5766
159,000 5 04/05/2018 03/14/2018 20180255
German American Bank JASPER, IN
3,120,098 17393 First Security Bank, Inc. OWENSBORO, KY
34524
586,452 11 08/01/2018 07/11/2018 20180838
First State Bank of Middlebury MIDDLEBURY, IN
537,938 8745 FSB Trust Subsidiary LAGRANGE, IN
0
0 0 08/23/2018 08/09/2018 20180958
Peoples Bank SB MUNSTER, IN
927,259 29523 First Personal Bank ORLAND PARK, IL
35067
146,966 3
05/18/2018 05/02/2018 20180459
Peoples Bank SB MUNSTER, IN
1,069,917 29523 A J Smith Federal Savings Bank MIDLOTHIAN, IL
27831
182,855 3
11/30/2018 10/03/2018 20181280
Guaranty State Bank and Trust Company BELOIT, KS
272,806 10907 The Jamestown State Bank JAMESTOWN, KS
17573
14,414 1 12/06/2018 11/20/2018 20181441
Legacy Bank COLWICH, KS
365,025 17676 First National Bank in Pratt PRATT, KS
4760
102,390 1 06/20/2018 05/16/2018 20180600
Bank of Commerce and Trust Company WELLINGTON, KS
57,739 4796 The Freeport State Bank HARPER, KS
18067
22,030 2 05/10/2018 04/19/2018 20180441
American Founders Bank, Inc. LOUISVILLE, KY
105,158 57113 Evansville Teachers Federal Credit Union EVANSVILLE, IN
0
101,236 2 09/13/2018 05/02/2018 20180379
Business First Bank BATON ROUGE, LA
1,680,606 58228 Richland State Bank RAYVILLE, LA
8526
306,868 8 11/09/2018 07/25/2018 20180883
Union Savings and Loan Association NEW ORLEANS, LA
81,079 27752 Hibernia Bancorp, Inc. NEW ORLEANS, LA
0
135,596 3 03/09/2018 02/14/2018 20180120
HarborOne Bank BROCKTON, MA
2,812,381 59070 Coastway Community Bank PROVIDENCE, RI
58937
836,786 10 08/31/2018 04/19/2018 20180493
PeoplesBank HOLYOKE, MA
2,494,103 90213 The First National Bank of Suffield SUFFIELD, CT
2526
277,102 4 11/09/2018 09/05/2018 20181173
Regular Mergers (Page 3 of 8, of 141 records) Data Date(s) 01/01/2018 to 12/31/2018
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