Mergers by Year
Bank Mergers in 1962
The Federal Reserve's National Information Center (NIC) recorded 155 merger records involving a bank, credit union or bank holding company in 1962. 1 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 119 in 1961.
Largest bank mergers of 1962
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Sep 4, 1962 | Suburban Bank | — | Crestar Bank |
Every merger recorded in 1962
155 NIC merger records in 1962 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Jan 2, 1962 | Peoples National Bank | Bank of New England-Worcester |
| Jan 2, 1962 | Petersburg Savings and American Trust Company | First & Merchants National Bank |
| Jan 2, 1962 | (unnamed) | Wells Fargo Bank, N.A. |
| Jan 2, 1962 | Berkshire Housatonic Trust Company | Berkshire Bank & Trust Company |
| Jan 2, 1962 | First Wellington Bank | EST National Bank |
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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