Mergers by Year
Bank Mergers in 1983
The Federal Reserve's National Information Center (NIC) recorded 1,064 merger records involving a bank, credit union or bank holding company in 1983. 526 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 1,194 in 1982.
526
Banks acquired
2 bought by a credit union
0
Credit unions merged
NIC, credit unions as the acquired side
51
Holding companies
Bank holding companies merged
Largest bank mergers of 1983
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1983 | North Shore State Bank | — | North Shore Bank of Commerce |
| Dec 31, 1983 | Indiana Bank and Trust Company of Fort Wayne | — | Summit Bank |
| Dec 31, 1983 | Northeastern Bank | — | Chemical Bank New Jersey, National Association |
| Dec 31, 1983 | Central Bank of Mississippi | — | First United Bank |
| Dec 31, 1983 | First & Merchants National Bank | — | NationsBank, National Association |
| Dec 31, 1983 | Piedmont Bank and Trust Company | — | Wachovia Bank, N.A. |
| Dec 31, 1983 | The First National Bank of Lexington | — | First American Bank of Virginia |
| Dec 31, 1983 | Valley Bank | — | First American Bank of Virginia |
| Dec 31, 1983 | The Peoples National Bank of Leesburg | — | First American Bank of Virginia |
| Dec 31, 1983 | Northwestern Bank and Trust Company | — | General Bank |
| Dec 31, 1983 | The C & S Bank of Tifton | — | NationsBank, National Association (South) |
| Dec 31, 1983 | First Trust and Savings Bank | — | First American Bank |
| Dec 31, 1983 | United Savings and Loan Association of Troy | — | Madison County Federal Savings and Loan Association |
| Dec 31, 1983 | Fidelity Federal Savings and Loan Association | — | Pima Federal Savings and Loan Association |
| Dec 31, 1983 | The Wise County National Bank | — | NationsBank, National Association |
Every merger recorded in 1983
1,064 NIC merger records in 1983 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Jul 1, 1983 | Local #4856 Federal Credit Union | Create Credit Union |
| Jul 1, 1983 | Mercy Empl Fcu | La Capitol Federal Credit Union |
| Jul 1, 1983 | Kentucky Teachers and Associated Employees Credit Union | Commonwealth Federal Credit Union |
| Jul 1, 1983 | Lexco Federal Credit Union | Safe Federal Credit Union |
| Jul 1, 1983 | Liberal Savings Association | Citizens Federal Bank, F.S.B., a Federal Savings Bank |
| Jul 1, 1983 | Florida National Bank of Miami | Florida National Bank |
| Jul 1, 1983 | Abt Associates Employees Federal Credit Union | Direct Federal Credit Union |
| Jul 1, 1983 | Candor Savings and Loan Association | First Southern Savings Bank, S.S.B |
| Jul 1, 1983 | Plymouth Municipal Employees Federal Credit Union | Bridgewater Credit Union |
| Jul 1, 1983 | State Capital Savings & Loan Association | Hill Financial Savings Association |
| Jul 1, 1983 | Norfolk Inner City Federal Credit Union | Norfolk Schools Federal Credit Union |
| Jul 1, 1983 | C G W-Bluffton Employees Federal Credit Union | Three Rivers Federal Credit Union |
| Jul 1, 1983 | Florida Bank of Volusia County | Florida National Bank |
| Jul 1, 1983 | Duncan Employees Credit Union | Altonized Community Federal Credit Union |
| Jul 1, 1983 | Clifford Bancshares Insurance Agency | Clifford Bancshares, Inc. |
| Jun 30, 1983 | United Medical Empl Fcu | Comtrust Federal Credit Union |
| Jun 30, 1983 | American Bancorp, Inc. | Meridian Bancorp, Inc. |
| Jun 30, 1983 | Commercial Bankshares, Inc. | First Union Corporation of Georgia |
| Jun 30, 1983 | Central Penn National Corp. | Meridian Bancorp, Inc. |
| Jun 30, 1983 | Mci Federal Credit Union | Okunity Federal Credit Union |
| Jun 30, 1983 | Mutual Federal Savings and Loan Association | American Federal Savings Association of Iowa |
| Jun 30, 1983 | Hanna Basin Coal Miners Federal Credit Union | Stagepoint Federal Credit Union |
| Jun 30, 1983 | Gruy Co Fcu | Las Colinas Federal Credit Union |
| Jun 30, 1983 | First Citizens Bank | Commercial Bank & Trust Company |
| Jun 30, 1983 | Jones County Educational Federal Crdit Union | Sunbelt Federal Credit Union |
| Jun 30, 1983 | Bank of Hampton | Commercial Bank & Trust Company |
| Jun 30, 1983 | Commercial Bank of Pike County | Commercial Bank & Trust Company |
| Jun 30, 1983 | Eugene Sacred Heart Federal Credit Union | Pacific Cascade Federal Credit Union |
| Jun 29, 1983 | Peoples Bank of North Carolina | First-Citizens Bank & Trust Company |
| Jun 28, 1983 | First Pagosa Industrial Bank | The Bank of the Southwest National Association |
| Jun 27, 1983 | Lear Empl Cu | Relyon Credit Union |
| Jun 27, 1983 | Walker County Bank | Cohutta Banking Company |
| Jun 27, 1983 | The Farmers National Bank of Rome | Northern Central Bank |
| Jun 27, 1983 | The State Bank of Avis | Northern Central Bank |
| Jun 24, 1983 | AmSouth Bank of Houston County | AmSouth Bank |
| Jun 23, 1983 | Citizens Permenant Saving and Loan Association | Indiana Bank and Trust Company |
| Jun 22, 1983 | Stadler Packing Company Employees Federal Credit Union | Business and Industrial Federal Credit Union |
| Jun 21, 1983 | Duquesne University Federal Credit | Little Giant Federal Credit Union |
| Jun 20, 1983 | Wolf Detroit Federal Credit Union | Credit Union One |
| Jun 17, 1983 | Akron Savings Bank | The First National Bank of Akron |
| Jun 15, 1983 | First Yukon Bankshares, Inc. | First Yukon Bankshares, Inc. |
| Jun 14, 1983 | Stac Federal Credit Union | Sidney Federal Credit Union |
| Jun 11, 1983 | First Federal Savings & Loan Association of Sioux Falls | Home Federal Bank |
| Jun 11, 1983 | First Dakota Home Savings & Loan Association | Home Federal Bank |
| Jun 10, 1983 | American Hospital Federal Credit Union | Central Credit Union of Illinois |
| Jun 10, 1983 | Fort Payne Bank | AmSouth Bank |
| Jun 9, 1983 | Southwest Federal Savings & Loan Association | Capitol Federal Savings Bank |
| Jun 9, 1983 | Bank of Fort Mill | NationsBank of South Carolina, National Association |
| Jun 6, 1983 | Farmers and Merchants State Bank | First Virginia Bank |
| Jun 5, 1983 | The First National Bank of Clanton | Colonial 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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