Mergers by Year
Bank Mergers in 1960
The Federal Reserve's National Information Center (NIC) recorded 119 merger records involving a bank, credit union or bank holding company in 1960. 5 had a bank as the acquired institution. Many acquired parties in this period are not classified as banks, credit unions or holding companies, so the bank count understates the year; the full list is below. NIC recorded 1 in 1959.
Largest bank mergers of 1960
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 1, 1960 | Geneva Saving and Trust Company | — | AmeriTrust Company of Northeastern Ohio, N.A. |
| Dec 1, 1960 | Maryland State Bank of Montgomery County | — | NationsBank, National Association |
| Nov 1, 1960 | Citizens National Bank of Hollidaysburg | — | The First National Bank of Altoona |
| Nov 1, 1960 | Peoples National Bank of Bedford | — | First Union National Bank of Virginia |
| Aug 1, 1960 | Citizens Exchange Bank | — | First Bank and Trust |
Every merger recorded in 1960
119 NIC merger records in 1960 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Mar 1, 1960 | Bank of Blasdell | Manufacturers and Traders Trust Company |
| Feb 29, 1960 | New Alexandria National Bank | Southwest Bank |
| Feb 24, 1960 | (unnamed) | Security Pacific Bank Oregon |
| Feb 23, 1960 | Commercial & Industrial Bank | Peoples Bank & Trust Company |
| Feb 23, 1960 | Groton Bank and Trust Company | The Connecticut Bank and Trust Company, N.A. |
| Feb 23, 1960 | First National Bank and Trust Company | The Sullivan County National Bank of Liberty |
| Feb 23, 1960 | Hertford Banking Company | Peoples Bank & Trust Company |
| Feb 22, 1960 | Wichita NB | Mbank Wichita Falls, N.A. |
| Feb 20, 1960 | Bank of Renfrow | Grant County Bank |
| Feb 19, 1960 | State Bank of Waveland | Elston Bank & Trust Company |
| Feb 8, 1960 | Union Deposit Bank | First Commonwealth Bank |
| Jan 25, 1960 | Fultonville National Bank | Keybank National Association |
| Jan 4, 1960 | Manasquan National Bank | First Merchants National Bank |
| Jan 4, 1960 | Romulus State Bank | Manufacturers Bank, National Association |
| Jan 4, 1960 | Farmers State Bank | U.S. Bank N.A. |
| Jan 4, 1960 | First National Bank of Mount Airy | Farmers & Mechanics Bank |
| Jan 2, 1960 | First National Bank of Ashland | First & Merchants National Bank |
| Jan 2, 1960 | State Bank of Edmore | Chemical Bank Montcalm |
| Jan 1, 1960 | (unnamed) | Bank of Cowlitz County |
Bank mergers by year
Source: Federal Reserve National Information Center (NIC) transformations, type "merger". A record counts when a bank, credit union or bank holding company is on at least one side. NIC also logs internal consolidations, such as a subsidiary bank folded into a sister bank, so a record is not always an arm's-length deal. Asset figures come from FFIEC call reports (banks) and NCUA 5300 call reports (credit unions). Credit union mergers appear in the NIC records from 2013 on.
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