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Merger Mania : Profits, Efficiency Fuel Frenzy of Bank Consolidations

February 07, 1994|CHRIS KRAUL | TIMES STAFF WRITER

Buyer, location: National City Corp., Cleveland Seller, location: Merchants National Corp., Indianapolis Completion date: May, 1992 Value (millions): 703.5 *

Buyer, location: Washington Mutual Savings Bank, Seattle Seller, location: Pacific First Financial, Tacoma, WA Completion date: April, 1993 Value (millions): 663.0 *

Buyer, location: Bank of New York, New York Seller, location: National County Banks, West Patterson, NJ Completion date: August, 1993 Value (millions): 651.8 *

Buyer, location: ABN-AMRO Holding, Netherlands Seller, location: Cragin Financial, Chicago Completion date: NA Value (millions): 563.3 *

Buyer, location: First of America, Kalamazoo, MI Seller, location: Security Bancorp, Southgate, MI Completion date: May, 1992 Value (millions): 550.3 *

Buyer, location: Banc One Corp., Columbus Seller, location: Key Centurion Bank Shares, Charleston, WV Completion date: May, 1993 Value (millions): 545.5 *

Buyer, location: First Bank System, Minneapolis Seller, location: Colorado National Bank Shares, Denver Completion date: May, 1993 Value (millions): 527.7 Source: SNL Securities, Charlottesville, Va.

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