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 |
|---|---|---|
| Apr 1, 1983 | Alliance Federal Savings & Loan Association | Equitable Federal Savings Bank |
| Apr 1, 1983 | UniBank | S & T Bank |
| Apr 1, 1983 | Oxy Federal Credit Union | Premier Community Credit Union |
| Apr 1, 1983 | Greater Charleston Employees Federal Credit Union | South Carolina Federal Credit Union |
| Apr 1, 1983 | T-I Credit Union | Fiscal Credit Union |
| Apr 1, 1983 | Wayne Savings and Loan Association | First Community Bank, National Association |
| Apr 1, 1983 | Combank/pine Castle | Freedom Federal Savings Bank |
| Apr 1, 1983 | West End Savings Association | Colonial Savings Association |
| Apr 1, 1983 | Covington Building and Loan Association | Mutual Federal Savings and Loan Association |
| Apr 1, 1983 | Plumas Sierra Grangers Credit Union | Sierra Central Credit Union |
| Apr 1, 1983 | Amarillo Area Central Cu | Acfcu Federal Credit Union |
| Apr 1, 1983 | Miriam Hospital Credit Union | Coastway Community Bank |
| Apr 1, 1983 | (unnamed) | The Northwestern Bank |
| Apr 1, 1983 | Hilo Iron Works Federal Credit Union | Cu Hawaii Federal Credit Union |
| Apr 1, 1983 | Southeast Data Processing Incorporated | Southeast Bank, N.A. |
| Apr 1, 1983 | Kansas State Bancshares, Inc. | Kansas State Investments, Inc. |
| Apr 1, 1983 | Pacesetter Financial Corporation | Old Kent Financial Corporation |
| Apr 1, 1983 | Combank/seminole County | Freedom Federal Savings Bank |
| Apr 1, 1983 | Cornerstone Credit Union | Freedom Credit Union |
| Apr 1, 1983 | Nafco Federal Credit Union | Black Hills Federal Credit Union |
| Apr 1, 1983 | Peoples Federal Savings and Loan Association | Fed One Bank |
| Apr 1, 1983 | East TN Educators Cu | Ten Credit Union |
| Apr 1, 1983 | Freedom Valley Federal Savings & Loan Association | Commonwealth Bank |
| Apr 1, 1983 | Fidelity Savings & Loan Association of Lea County | Sandia Federal Savings Association |
| Apr 1, 1983 | Rex Dolton Employees Federal Credit Union | Illiana Financial Credit Union |
| Apr 1, 1983 | Custer Federal Credit Union | Rapid City Telco Federal Credit Union |
| Apr 1, 1983 | Chase Bag Empl Fcu | Louisiana Central Credit Union |
| Apr 1, 1983 | Hawaii Realtors Federal Credit Union | Hawaii Federal Credit Union |
| Apr 1, 1983 | Swedish-American Savings and Loan Association | Farm & Home Savings Association |
| Apr 1, 1983 | Ellis County Savings Association | Southwest Federal Savings Association |
| Apr 1, 1983 | Health Triad Credit Union | Telco Triad Community Credit Union |
| Apr 1, 1983 | Home Federal Savings and Loan Association | Citizens Bank of Western Indiana |
| Apr 1, 1983 | Mountaineer National Bank | Community Bank & Trust, National Association |
| Apr 1, 1983 | South Bend Mishawaka U S Employees Federal Credit Union | Communitywide Federal Credit Union |
| Apr 1, 1983 | Calumet Steel Employees Federal Credit Union | Lakeside Federal Credit Union |
| Apr 1, 1983 | Gold Seal Cu | Relyon Credit Union |
| Apr 1, 1983 | Ransburg Employees Federal Credit Union | Indiana Members Credit Union |
| Apr 1, 1983 | Bonne Terre Federal Savings and Loan Association | First Federal Savings & Loan Association of Southeast Missouri |
| Apr 1, 1983 | Ewing State Bank | United Illinois Bank of Southern Illinois |
| Apr 1, 1983 | Heritage Savings and Loan Association | First Federal Savings & Loan Association of Southeast Missouri |
| Apr 1, 1983 | First Federal Savings and Loan Association of Spirit Lake | Northwest Federal Savings and Loan Association of Spencer |
| Apr 1, 1983 | Crowley Ridge Federal Credit Union | Arkansas Education Association Federal Credit Union |
| Apr 1, 1983 | Peoples Savings Association of Lawrenceville | First Community Bank, National Association |
| Apr 1, 1983 | Continental Employees Credit Union | Bridgewater Credit Union |
| Apr 1, 1983 | C&G Employees Federal Credit Union | CM Members Federal Credit Union |
| Apr 1, 1983 | Combank/winter Park | Freedom Federal Savings Bank |
| Apr 1, 1983 | Green Charger Cu | Scenic Community Credit Union |
| Apr 1, 1983 | Combank/fairvilla | Freedom Federal Savings Bank |
| Apr 1, 1983 | Memcor Employees Federal Credit Union | Midwest America Federal Credit Union |
| Apr 1, 1983 | Alsimag Cu | Scenic Community Credit Union |
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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