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 |
|---|---|---|
| Jul 1, 1987 | Playtex Southern Ca Fcu | Atlanta Federal Credit Union |
| Jul 1, 1987 | Mid-Missouri Refractories Credit Union | United Credit Union |
| Jul 1, 1987 | Barridon Employees Federal Credit Union | Franklin Trust Federal Credit Union |
| Jul 1, 1987 | Western National Bank of Scottsbluff | Firstier Bank, National Association |
| Jul 1, 1987 | Security State Bank | Security Bank of South Dakota, National Association |
| Jul 1, 1987 | Pegs Federal Credit Union | Connecticut Federal Credit Union |
| Jul 1, 1987 | General Cable Berkshire Federal Credit Union | Berkshire Federal Credit Union |
| Jul 1, 1987 | Portage Christian Credit Union, Inc. | Genfed Financial Credit Union, Inc. |
| Jul 1, 1987 | First Fidelity Bank, National Association, West Jersey | First Fidelity Bank, National Association, North Jersey |
| Jul 1, 1987 | Du-Wel Employees Credit Union | Honor Credit Union dba Honor Investment Services |
| Jul 1, 1987 | Casco Cu | Dillards Federal Credit Union |
| Jul 1, 1987 | P & W & Ceco Employees Federal Credit Union | Franklin Trust Federal Credit Union |
| Jul 1, 1987 | MBank Houston Southwest | Mbank Houston, N.A. |
| Jul 1, 1987 | First of America Bank-Van Buren | National City Bank of the Midwest |
| Jul 1, 1987 | Perpetual Savings and Loan Association | Mid-West Federal Savings Bank |
| Jul 1, 1987 | Chromalloy American Corporation Employees Credit Union | Pennsylvania Central Federal Credit Union |
| Jul 1, 1987 | Thermo Electron Employees Federal Credit Union | Metro Credit Union |
| Jul 1, 1987 | A.B.C. Employees Credit Union | New Jersey Law & Public Safety Credit Union |
| Jul 1, 1987 | Knoxville Teachers League Fcu | Knoxville Teachers Federal Credit Union |
| Jul 1, 1987 | Cabrini Parish Credit Union | Pima Federal Credit Union |
| Jul 1, 1987 | MBank San Felipe, National Association | Mbank Houston, N.A. |
| Jul 1, 1987 | Bank of Athens | One Valley Bank of Mercer County, Inc. |
| Jul 1, 1987 | Bank of the Trinity, National Association | Hull State Bank |
| Jul 1, 1987 | Reco Employees Credit Union | Beacon Credit Union Incorporated |
| Jul 1, 1987 | Sarasota Bank & Trust Company, National Association | First Union National Bank of Florida |
| Jul 1, 1987 | Fort Lee Savings and Loan Association | Ensign Federal Savings Bank |
| Jul 1, 1987 | Newberg State Bank | Western Security Bank |
| Jul 1, 1987 | Hudson State Savings Bank | Bank of Lenawee |
| Jul 1, 1987 | Standard Chemical Employees Credit Union | First Nebraska Credit Union |
| Jul 1, 1987 | Northern Industrial Central Credit Union | Sierra Central Credit Union |
| Jul 1, 1987 | Hawkeye Bank & Trust | GNB Bank |
| Jul 1, 1987 | Alamo Trust Corporation | Border Capital Bank, National Association |
| Jul 1, 1987 | MGC Parish Federal Credit Union | South Towns Community Federal Credit Union |
| Jul 1, 1987 | Trumbull School Employees Credit Union, Inc. | Seven Seventeen Credit Union Inc |
| Jul 1, 1987 | East Detroit Civic Credit Union | Parda Federal Credit Union |
| Jul 1, 1987 | Liberty National Bank | Southern National Bank of South Carolina |
| Jul 1, 1987 | Superior State Employees Credit Union | Douglas County Credit Union |
| Jul 1, 1987 | Tanner Companies Employees Credit Union | Oneaz Credit Union |
| Jul 1, 1987 | Stratton Industry Ca Cu | Chattahoochee Federal Credit Union |
| Jul 1, 1987 | U.S. Bancorp-Washington, Inc. | Old National Bancorporation |
| Jul 1, 1987 | SWG Financial Enterprises, Inc. | Suntrust Banks of Tennessee, Inc. |
| Jul 1, 1987 | Alabanc, Inc. | Randolph Bancshares, Inc. |
| Jul 1, 1987 | Rockford Broadway Corporation | First of America Bank-Rockford, National Association |
| Jul 1, 1987 | Union Bancorp of Du Bois Pennsylvania Inc. | S&T Bancorp, Inc. |
| Jul 1, 1987 | WVB Bancorp | WVB Acquisition Company |
| Jul 1, 1987 | Bancserve Group, Inc. | First of America Bancorporation-Illinois, Inc. |
| Jul 1, 1987 | WB Financial Corp. | First of America Bank Corporation |
| Jul 1, 1987 | Munford Employees Credit Union | Pinnacle Credit Union |
| Jun 30, 1987 | Queens Federal Credit Union | Bethex Federal Credit Union |
| Jun 30, 1987 | Wells Fargo Company (Delaware) | Wells Fargo & Company |
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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