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 |
|---|---|---|
| Jan 11, 1983 | The First Marion Bank | Southeast Bank, N.A. |
| Jan 10, 1983 | K C Fcu | Ten Credit Union |
| Jan 10, 1983 | Appleton Credit Union | Members 1st Federal Credit Union |
| Jan 8, 1983 | Lakewood Firemen Credit Union | Foothills Credit Union |
| Jan 8, 1983 | Cascade Employee Credit Union | Trupartner Credit Union, Inc. |
| Jan 7, 1983 | Lansing Federal Savings and Loan Association | First Savings Bank of Hegewisch |
| Jan 4, 1983 | Northwest School Employees Credit Union | R I a Federal Credit Union |
| Jan 4, 1983 | New Bedford Postal Employees Credit Union | New Bedford Credit Union |
| Jan 4, 1983 | Smithfield Savings and Loan Association | Raleigh Federal Savings Bank |
| Jan 3, 1983 | BankEast Guaranty Savings Bank | (unnamed) |
| Jan 3, 1983 | Bankeast National Bank | (unnamed) |
| Jan 3, 1983 | BankEast Savings Bank | (unnamed) |
| Jan 3, 1983 | Indiana State Prison Credit Union | First Trust Credit Union |
| Jan 3, 1983 | Carbondale Savings and Loan Association | Charter Bank, S.B. |
| Jan 3, 1983 | Commercial Savings and Loan Association of Urbana | First Mutual Bank, S.B. |
| Jan 3, 1983 | South Central Bank | First Bank |
| Jan 3, 1983 | Home Federal Savings & Loan Association | Western Security Bank |
| Jan 2, 1983 | Bellco Federal Credit Union | Bay Atlantic Federal Credit Union |
| Jan 2, 1983 | Rider College Employees Federal Credit Union | Edifi Federal Credit Union |
| Jan 2, 1983 | Stonewall Fcu | Alabama Central Credit Union |
| Jan 2, 1983 | Penlyco Federal Credit Union | Wat Federal Credit Union |
| Jan 2, 1983 | Hudspeth Fcu | Mississippi Public Employees Federal Credit Union |
| Jan 2, 1983 | Modern Maid Sa Cu | River City United Credit Union |
| Jan 2, 1983 | Neslco Employees Federal Credit Union | Blair County Federal Credit Union |
| Jan 2, 1983 | Temple Employees Federal Credit Union | Philadelphia Federal Credit Union |
| Jan 2, 1983 | Alaga-Whitfield Cu | Alabama Central Credit Union |
| Jan 1, 1983 | First Federal Savings & Loan Association of Navasota | First Federal Savings & Loan Association |
| Jan 1, 1983 | Home S & La | Permanent Savings Bank |
| Jan 1, 1983 | Arcata Graphics Los Angeles Credit Union | California Bear Credit Union |
| Jan 1, 1983 | Sears Austin Cu | Resource One Credit Union |
| Jan 1, 1983 | Wolfs Empl Cu | Louisiana Central Credit Union |
| Jan 1, 1983 | Maypo Employees Federal Credit Union | Tri County Area Federal Credit Union |
| Jan 1, 1983 | Combined Employees Credit Union | Paysaver Credit Union |
| Jan 1, 1983 | Benton Community School Employees Federal Credit Union | Purdue Federal Credit Union |
| Jan 1, 1983 | Ohio Glidden-Durkee Employees Credit Union, Inc. | Universal 1 Credit Union, Inc. |
| Jan 1, 1983 | K C G E Credit Union | Gale Credit Union |
| Jan 1, 1983 | Peoples State Bank | Bank One, Richmond, National Association |
| Jan 1, 1983 | Zanesville Federal Savings and Loan Association | Century National Bank |
| Jan 1, 1983 | Zero Federal Credit Union | Logix Federal Credit Union |
| Jan 1, 1983 | Powers Federal Credit Union | Foothill Federal Credit Union |
| Jan 1, 1983 | First Wisconsin National Bank of West Towne | Firstar Bank Wisconsin |
| Jan 1, 1983 | Norwood Building and Loan Company | Merit Savings Association |
| Jan 1, 1983 | Family Savings & Loan Association | Permanent Savings Bank |
| Jan 1, 1983 | Saint Cloud Burlington Northern Employees Credit Union | Great River Federal Credit Union |
| Jan 1, 1983 | Serial Federal Savings and Loan Association of New York City | Nassau Savings & Loan Association, F.A. |
| Jan 1, 1983 | The Commercial Banking Company of Sydney Limited | National Australia Bank Limited |
| Jan 1, 1983 | United Bankshares, Inc. | Valley Bancorporation |
| Jan 1, 1983 | Rural Catholic Parishes Credit Union | Magnifi Financial Credit Union |
| Jan 1, 1983 | B & B Management Corp. | Federated Bancorp, Inc. |
| Jan 1, 1983 | Deer Creek Bank | Florida Coast 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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