Illinois (22 banks)
Assets sold: $6.1 billion
Average premium to tangible book value: 160.1%
Illinois, Chicago in particular, is known for housing a multitude of small banks. American Chartered Bancorp, with $2.8 billion in assets, is the
Texas (20 banks)
Assets sold: $5.4 billion
Average premium to TBV: 193%
Low oil prices have put a
California (19 banks)
Assets sold: $37.6 billion
Average premium to TBV: 145%
California is home to some of this year's biggest deals, including the sales of
Florida (19 banks)
Assets sold: $1.2 billion
Average premium to TBV: 146.1%
Florida has bounced back economically, creating a
Pennsylvania (13 banks)
Assets sold: $15.5 billion
Average premium to TBV: 129.8%
Premiums in Pennsylvania have been lower than those in other states with intensive M&A, largely due to slower historical growth trends. Big sellers have included