Mergers by Year
Bank Mergers in 1971
92 banks were acquired or merged into another institution in 1971, according to the Federal Reserve's National Information Center (NIC). NIC recorded 99 merger records in 1971 against 150 in 1970.
92
Banks acquired
NIC, banks as the acquired side
0
Credit unions merged
NIC, credit unions as the acquired side
0
Holding companies
Bank holding companies merged
Largest bank mergers of 1971
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1971 | Bank of Windsor | — | Wachovia Bank, N.A. |
| Dec 31, 1971 | Granite National Bank | — | KeyBank National Association |
| Dec 31, 1971 | The Bank of Farmville | — | Wachovia Bank, N.A. |
| Dec 31, 1971 | United States Trust Company | — | Boston Trust Walden N.A. |
| Dec 27, 1971 | Farmers Bank | — | The Wayne County National Bank of Wooster |
| Dec 13, 1971 | The North Side Bank and Trust Company | — | The Connecticut Bank and Trust Company, N.A. |
| Dec 10, 1971 | The Citizens and Southern Bank of Chatham County | — | NationsBank, National Association (South) |
| Dec 9, 1971 | The Citizens and Southern Bank of Richmond County | — | NationsBank, National Association (South) |
| Dec 1, 1971 | First-Machinists National Bank of Taunton the | — | BayBank Southeast, National Association |
| Dec 1, 1971 | The First National Bank of Sayre | — | Commonwealth Bank and Trust Company |
| Dec 1, 1971 | Bank of Elba | — | The Citizens Central Bank |
| Nov 20, 1971 | The Bank of Rainelle | — | Western Greenbrier National Bank |
| Nov 18, 1971 | Farmers State Bank of Dalmatia | — | Mid Penn Bank |
| Nov 16, 1971 | The First National Bank of Laurens | — | First Union National Bank of South Carolina |
| Nov 1, 1971 | Northfield Trust Company | — | Merchants Bank |
Every merger recorded in 1971
99 NIC merger records in 1971 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Jun 16, 1971 | State Bank of Francis Creek | Bank First, N.A. |
| Jun 14, 1971 | First National Bank in Clatskanie | Western Bank |
| Jun 10, 1971 | North Avenue Savings Bank | Cambridge Savings Bank |
| Jun 7, 1971 | Phillipsburg Trust Company, National Association | Midlantic National Bank/North |
| Jun 5, 1971 | The Second National Bank of Phillipsburg | Chemical Bank New Jersey, National Association |
| Jun 1, 1971 | Eastern Shore Citizens Bank | United Virginia Bank/Seaboard National |
| May 29, 1971 | Catskill National Bank and Trust Company | Marine Midland Bank - Eastern, National Association |
| May 24, 1971 | The St. Clair National Bank of Belleville | Magna Bank, National Association |
| May 8, 1971 | Polk County State Bank | The Oregon Bank |
| May 3, 1971 | Provident Trust Company | Equibank |
| May 1, 1971 | The Bank for Savings of Westchester | Peoples Westchester Savings Bank |
| May 1, 1971 | Lucas State Bank | Bank One, Mansfield |
| Apr 26, 1971 | Gleason State Bank | Lincoln Community Bank |
| Apr 16, 1971 | Falls Village Savings Bank | The Torrington Savings Bank |
| Apr 5, 1971 | Pocono Bank | PNC Bank, Northeast PA |
| Apr 5, 1971 | Bank of Vancouver, National Association | U.S. Bank of Washington, National Association |
| Apr 1, 1971 | Trust Company of Georgia Bank of Sandy Springs | Suntrust Bank |
| Apr 1, 1971 | Industrial Bank and Trust Company | Coolidge Bank and Trust Company |
| Apr 1, 1971 | The Commercial Savings Bank of Saint Louis, Michigan | Chemical Bank |
| Mar 27, 1971 | The Stanford Bank | (unnamed) |
| Mar 22, 1971 | Port William Banking Company | The National Bank and Trust Company |
| Mar 20, 1971 | National Bank of Mason County | Puget Sound Bank |
| Mar 8, 1971 | The First National Bank of Bordentown | First National Bank of South Jersey |
| Mar 8, 1971 | Southgate National Bank of Richmond County | SunTrust Bank, Augusta, National Association |
| Mar 1, 1971 | First Bank of South De Kalb | Wachovia Bank of Georgia, National Association |
| Mar 1, 1971 | South Side Bank and Trust Company | Penn Security Bank and Trust Company |
| Mar 1, 1971 | First National Bank of Doraville | Wachovia Bank of Georgia, National Association |
| Feb 20, 1971 | Embarrass State Bank | Citizens Bank, National Association |
| Feb 16, 1971 | The Farmers National Bank of Deposit | NBT Bank, N.A. |
| Feb 8, 1971 | Broadway National Bank and Trust Company of Pitman | First Peoples Bank of New Jersey |
| Feb 1, 1971 | The Haynes Bank | First-Citizens Bank & Trust Company |
| Feb 1, 1971 | Patapsco National Bank in Ellicott City | Allfirst Bank |
| Feb 1, 1971 | Bank of Washington | Bank of America, N.A. |
| Feb 1, 1971 | State Bank of South Carolina | First Citizens Bank and Trust Company, Inc. |
| Feb 1, 1971 | North Jersey National Bank | Fidelity Union Bank, National Association, Garden State |
| Feb 1, 1971 | Bank of Clinton | First National Bank of South Carolina |
| Jan 30, 1971 | Marine Midland Trust Company of Mohawk Valley | Marine Midland Bank-Central |
| Jan 23, 1971 | The First National Bank of Milford | Constellation Bank, National Association |
| Jan 12, 1971 | Santa Ynez Valley Bank | American National Bank |
| Jan 4, 1971 | Grange National Bank of Potter County | First Citizens Community Bank |
| Jan 4, 1971 | (unnamed) | The Greater New York Savings Bank |
| Jan 4, 1971 | Old Colony Trust, N.A. | Fleet National Bank |
| Jan 4, 1971 | Richmond County Bank | First Union Bank of Augusta |
| Jan 4, 1971 | Metropolitan State Bank | First Union Bank of Augusta |
| Jan 4, 1971 | Kiski Valley National Bank | First Commonwealth Bank |
| Jan 4, 1971 | Stokesdale Commercial Bank | Central Carolina Bank and Trust Company |
| Jan 4, 1971 | The Millerton National Bank | National Bank of Westchester |
| Jan 2, 1971 | Exchange Bank & Trust Company | Pennbank |
| Jan 1, 1971 | The First National Bank of Roselle | First National Bank of Central Jersey |
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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