Bank of the Ozarks was the only Arkansas lender that booked FDIC-assisted deals during 2011, but it wasn’t for lack of effort that more weren’t completed.
The publicly traded Little Rock bank led the way with at least 17 unsuccessful bids on banks with total assets of more than $6.2 billion while landing three deals in Georgia during the year. Southeastern states also dominated the bank’s unsuccessful bidding efforts in 2011: Florida and Georgia, five each; South Carolina, two; and North Carolina, one.
Bank of the Ozarks also attempted forays into four new states: Colorado, Kansas, Missouri and Minnesota. Community Banks of Colorado was the biggest of the bunch with total assets of nearly $1.4 billion.
Bank of the Ozarks went head-to-head at least four times with Centennial Bank of Conway in bids neither lender won.
Centennial led the country with six FDIC-assisted transaction in 2010. The bank completed a transaction in Florida during 2011 without help from the FDIC while making unsuccessful runs at eight failing banks in the Sunshine State and one in Georgia, representing total assets of more than $2.6 billion.
Two other Arkansas lenders, Arvest Bank of Fayetteville and Simmons First National Bank of Pine Bluff, each registered an unsuccessful bid on First National Bank of Olathe, Kan. (total assets: $538.1 million).
That Aug. 12 transaction also drew an unsuccessful bid from Bank of the Ozarks.
Is this a complete tally of bidding by Arkansas lenders for the year? Maybe. Maybe not.
The FDIC only reveals the names of unsuccessful bidders if there is more than one unsuccessful bidder.
Here’s a roster of the other unsuccessful FDIC-assisted deals reported during 2011 involving Arkansas banks:
Bank of the Ozarks
Jan. 7
First Commercial Bank of Florida
Orlando, Fla.
Total Assets: $598.5 million
Jan. 21
CommunitySouth Bank & Trust
Easley, S.C.
Total Assets: $440.6 million
Feb. 18
Habersham Bank
Clarkesville, Ga.
Total Assets: $387.6 million
April 15
Bartow County Bank
Cartersville, Ga.
Total Assets: $330.2 million
April 29
First National Bank of Central Florida
Winter Park, Fla.
Total Assets: $352 million
July 29
BankMeridian
Columbia, S.C.
Total Assets: $239.8 million
Aug. 12
First National Bank of Olathe
Olathe, Kan.
Total Assets: $538.1 million
Sept. 2
Patriot Bank of Georgia
Cumming, Ga.
Total Assets: $150.8 million
Sept. 2
CreekSide Bank
Woodstock, Ga.
Total Assets: $102.3 million
Sept. 9
The First National Bank of Florida
Milton, Fla.,
Total Assets: $296.8 million
Oct. 7
The RiverBank
Wyoming, Minn.
Total Assets: $417.4 million
Sun Security Bank
Ellington, Mo.
Total Assets: $355.9 million
Oct. 14
Blue Ridge Savings Bank Inc.
Asheville, N.C.
Total Assets: $161 million
Oct. 21
Decatur First Bank
Decatur, Ga.
Total Assets: $191.5 million
Old Harbor Bank
Clearwater, Fla.
Total Assets: $215.9 million
Community Banks of Colorado
Greenwood Village, Colo.
Total Assets: $1.38 billion
Dec. 16
Premier Community Bank of the Emerald Coast
Crestview, Fla.
Total Assets: $126 million
Centennial Bank
Jan. 7
First Commercial Bank of Florida
Orlando, Fla.
Total Assets: $598.5 million
Feb. 11
Sunshine State Community Bank
Port Orange, Fla.
Total Assets: $125.5 million
April 29
Cortez Community Bank
Brooksfield, Fla.
Total Assets: $70.9 million
First National Bank of Central Florida
Winter Park, Fla.
Total Assets: $352 million
May 6
Coastal Bank
Cocoa Beach, Fla.
Total Assets: $129.4 million
May 20
First Georgia Banking Co.
Franklin, Ga.
Total Assets: $741.9 million
Sept. 9
The First National Bank of Florida
Milton, Fla.
Total Assets: $296.8 million
Oct. 21
Old Harbor Bank
Clearwater, Fla.
Total Assets: $215.9 million
Dec. 16
Premier Community Bank of the Emerald Coast
Crestview, Fla.
Total Assets: $126 million
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