Mergers by Year
Bank Mergers in 1987
The Federal Reserve's National Information Center (NIC) recorded 1,196 merger records involving a bank, credit union or bank holding company in 1987. 609 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 983 in 1986.
609
Banks acquired
2 bought by a credit union
0
Credit unions merged
NIC, credit unions as the acquired side
125
Holding companies
Bank holding companies merged
Largest bank mergers of 1987
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1987 | First RepublicBank Greenspoint | — | First Republicbank Houston N.A. |
| Dec 31, 1987 | Century Bank | — | First National Bank |
| Dec 31, 1987 | State Bank of Waubay | — | First Savings Bank |
| Dec 31, 1987 | Empire of America-California, FSB | — | Empire Federal Savings Bank of America |
| Dec 31, 1987 | First Southdale National Bank of Edina | — | U.S. Bank National Association |
| Dec 31, 1987 | First RepublicBank Post Oak | — | First Republicbank Houston N.A. |
| Dec 31, 1987 | Security Bank of Nevada | — | Bank of America, National Association |
| Dec 31, 1987 | First RepublicBank Fannin | — | First Republicbank Houston N.A. |
| Dec 31, 1987 | First National Bank of Riverlands | — | First National Bank |
| Dec 31, 1987 | First Northtown National Bank | — | U.S. Bank National Association |
| Dec 31, 1987 | Western Security Bank | — | KeyBank National Association |
| Dec 31, 1987 | First RepublicBank Baytown | — | First Republicbank Houston N.A. |
| Dec 31, 1987 | First RepublicBank East Houston | — | First Republicbank Houston N.A. |
| Dec 31, 1987 | First Edina National Bank | — | U.S. Bank National Association |
| Dec 31, 1987 | First Bank Robbinsdale, National Association | — | U.S. Bank National Association |
Every merger recorded in 1987
1,196 NIC merger records in 1987 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Aug 1, 1987 | Clarinda Community Federal Credit Union | Affinity Credit Union |
| Aug 1, 1987 | West Virginia League Federal Credit Union | National Employees Federal Credit Union |
| Aug 1, 1987 | Texas American Bank/Spring Branch | Texas American Bank/galleria, N.A. |
| Aug 1, 1987 | Texas American Bank/Fondren | Texas American Bank/galleria, N.A. |
| Aug 1, 1987 | Portland Typographical Federal Credit Union | United Trades Federal Credit Union |
| Aug 1, 1987 | Louisville F.C.B. Employees Credit Union | L&N Federal Credit Union |
| Aug 1, 1987 | American Credit Union | Credit Union One |
| Aug 1, 1987 | Cascade Security Bank | KeyBank National Association |
| Jul 31, 1987 | Hospital Trust of Florida, National Association | Bank of Boston-Florida N.A. |
| Jul 31, 1987 | Charles L. Brown Building & Loan Association | Gorgas Savings Association |
| Jul 31, 1987 | So-Cal-Neva Employees Credit Union | The Golden 1 Credit Union |
| Jul 27, 1987 | Barnett Bank of Pinellas County, National Association | Barnett Bank of Pinellas County |
| Jul 27, 1987 | Gravois Home Savings and Loan Association | Heartland Bank |
| Jul 25, 1987 | Allentown Savings and Loan Association | Progressive-Home Federal Savings and Loan Association |
| Jul 22, 1987 | The Colonial Bank of Mobile | The Colonial Bank - Gulf Coast Region |
| Jul 22, 1987 | Georgia Boot/durango Empl Cu | Resound Credit Union |
| Jul 20, 1987 | C-E Credit Union | Westreet Federal Credit Union |
| Jul 18, 1987 | I.B.E.W. Local 640 Credit Union | Arizona Central Credit Union |
| Jul 18, 1987 | Bethesda Bancorporation | Crestar Financial Corporation |
| Jul 18, 1987 | Intrawest Bank of Southwest Plaza, N.A. | (unnamed) |
| Jul 16, 1987 | The First National Bank of Petersburg | Union National Bank |
| Jul 16, 1987 | Wheel and Axle Employees Federal Credit Union | Tri-Valley Services Federal Credit Union |
| Jul 16, 1987 | Trimor Federal Credit Union | Pittsburgh Central Federal Credit Union |
| Jul 14, 1987 | First Federal Savings Bank of North Carolina Federal Savings Bank | Old Stone Bank of North Carolina, A FSB |
| Jul 14, 1987 | Schweber Employees Federal Credit Union | People's Alliance Federal Credit Union |
| Jul 13, 1987 | Semo Credit Union | Metro North Federal Credit Union |
| Jul 13, 1987 | Texas American Bank/Allen | Texas American Bank/mckinney, N.A. |
| Jul 11, 1987 | The Bank of Candor | First Bank |
| Jul 11, 1987 | Associated Appleton Bank | Associated Bank, National Association |
| Jul 11, 1987 | Kemco Fcu | Max Credit Union |
| Jul 7, 1987 | United First Federal Savings and Loan Association | WaFd Bank |
| Jul 7, 1987 | Provident Federal Savings and Loan Association | WaFd Bank |
| Jul 6, 1987 | A.V.X. Federal Credit Union | High Point Federal Credit Union |
| Jul 3, 1987 | Shawmut Community Bank, National Association | Fleet National Bank of Massachusetts |
| Jul 2, 1987 | Hendrick Employees Federal Credit Union | Net Federal Credit Union |
| Jul 2, 1987 | Beth Tikvah Bnai Jeshurun Federal Credit Union | Pannonia Federal Credit Union |
| Jul 2, 1987 | Tele Calc Inc | Beverly Trust Company |
| Jul 2, 1987 | B.E.S.T. Federal Credit Union | Ctce Federal Credit Union |
| Jul 2, 1987 | Brooklyn General Laboratorie Federal Credit Union | 1166 Federal Credit Union |
| Jul 2, 1987 | Hoechst Employees Credit Association Federal Credit Union | Sharonview Federal Credit Union |
| Jul 1, 1987 | Socal Federal Credit Union | Orange County's Federal Credit Union |
| Jul 1, 1987 | MBank Greenway | Mbank Houston, N.A. |
| Jul 1, 1987 | Vr/wesson Credit Union | Heritage Credit Union |
| Jul 1, 1987 | F R B Employees Credit Union | Credit Union One |
| Jul 1, 1987 | Clara City Cooperative Credit Union | Co-Op Credit Union of Montevideo |
| Jul 1, 1987 | Gibbs-Cook Employees Credit Union | Financial Plus Credit Union |
| Jul 1, 1987 | Paperland Community Credit Union | Fox Communities Credit Union |
| Jul 1, 1987 | Puxico State Bank | First Midwest Bank of the Ozarks |
| Jul 1, 1987 | The Union Banking & Trust Company of Du Bois, Pennsylvania | S & T Bank |
| Jul 1, 1987 | MBank Fort Worth East | Mbank Fort Worth, N.A. |
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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