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

Credit unions merged

NIC, credit unions as the acquired side

125

Holding companies

Bank holding companies merged

1,196

All merger records

1987 in US banking ›

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	State	Assets	Acquirer
Dec 31, 1987	First RepublicBank Greenspoint	TX	—	First Republicbank Houston N.A.
Dec 31, 1987	Century Bank	LA	—	First National Bank
Dec 31, 1987	State Bank of Waubay	SD	—	First Savings Bank
Dec 31, 1987	Empire of America-California, FSB	CA	—	Empire Federal Savings Bank of America
Dec 31, 1987	First Southdale National Bank of Edina	MN	—	U.S. Bank National Association
Dec 31, 1987	First RepublicBank Post Oak	TX	—	First Republicbank Houston N.A.
Dec 31, 1987	Security Bank of Nevada	NV	—	Bank of America, National Association
Dec 31, 1987	First RepublicBank Fannin	TX	—	First Republicbank Houston N.A.
Dec 31, 1987	First National Bank of Riverlands	LA	—	First National Bank
Dec 31, 1987	First Northtown National Bank	MN	—	U.S. Bank National Association
Dec 31, 1987	Western Security Bank	OR	—	KeyBank National Association
Dec 31, 1987	First RepublicBank Baytown	TX	—	First Republicbank Houston N.A.
Dec 31, 1987	First RepublicBank East Houston	TX	—	First Republicbank Houston N.A.
Dec 31, 1987	First Edina National Bank	MN	—	U.S. Bank National Association
Dec 31, 1987	First Bank Robbinsdale, National Association	MN	—	U.S. Bank National Association

Biggest bank failures by assets ›

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	State	Acquirer
Jun 1, 1987	Keystone Bancshares, Inc.	IL	First of America Bank Corporation
Jun 1, 1987	Tarrant County Bancshares, Inc.	TX	Landmark Service Corporation
Jun 1, 1987	Benson Investment Company	TX	Benson Financial Corporation
Jun 1, 1987	Groos Financial Corporation	TX	Benson Financial Corporation
Jun 1, 1987	Loudon County Bancshares, Inc.	TN	Suntrust Banks of Tennessee, Inc.
Jun 1, 1987	First North Port Bancorp	FL	First Union Corporation of Florida
Jun 1, 1987	First Union Corporation of Florida	FL	First Union Corporation of Florida
Jun 1, 1987	West Orange Savings and Loan Association	NJ	West Essex Bank, FSB
Jun 1, 1987	First American Bank of Walton	GA	Wachovia Bank of Georgia, National Association
Jun 1, 1987	Metro St. Louis Womens Federal Credit Union	MO	Health Care Family Credit Union
Jun 1, 1987	City National Bank of Miami	FL	City National Bank of Florida
Jun 1, 1987	Homestead S&LA	MS	First Jackson Federal Savings Bank
Jun 1, 1987	Moore Southern Credit Union	TX	Datcu Credit Union
Jun 1, 1987	Rockwell Standard Employees Federal Credit Union	OH	Lakeview Federal Credit Union
Jun 1, 1987	North Port Bank	FL	First Union National Bank of Florida
Jun 1, 1987	WCM Hospital Employees Federal Credit Union	CT	Northeast Family Federal Credit Union
Jun 1, 1987	Firelands Federal Credit Union	OH	Erie Community Federal Credit Union
Jun 1, 1987	First City Bank - Addison	TX	First City Bank-Valley View
Jun 1, 1987	Citizens State Bank	IN	First Parke State Bank
Jun 1, 1987	Landmark Bank-Northwest	TX	Landmark Bank of Fort Worth
Jun 1, 1987	George Evans Credit Union	IL	Vibrant Credit Union
Jun 1, 1987	Monarch Credit Union	MA	Freedom Credit Union
Jun 1, 1987	Virginia Tech Employees Federal Credit Union	VA	Freedom First Federal Credit Union
Jun 1, 1987	Florence Area Federal Credit Union	SC	Safe Federal Credit Union
Jun 1, 1987	Murray Employees Credit Union	WI	Valley Communities Credit Union
Jun 1, 1987	Security Bank of Almont	MI	Security Bank Northeast
Jun 1, 1987	Rockdale County Federal Credit Union	GA	Georgia United Credit Union
Jun 1, 1987	Olmsted Falls School Employees Federal Credit Union	OH	Bse Credit Union, Inc.
Jun 1, 1987	(unnamed)	—	Wellworth Bank
May 31, 1987	F. A. Bankshares, Inc.	GA	Wachovia Corporation of Georgia
May 30, 1987	National Bank of Fairbanks Ranch	CA	First National Bank
May 30, 1987	National Bank	CA	First National Bank
May 30, 1987	National Bankshares of La Jolla	CA	First National Corporation
May 30, 1987	Security State Bank	MS	Deposit Guaranty National Bank
May 30, 1987	SSB Bancorp	IN	Norwest Indiana, Inc.
May 29, 1987	Bankshares Service Corporation	CA	First National Corporation
May 29, 1987	Precision Spring Credit Union	MI	Zeal Credit Union
May 28, 1987	The American Bank	MS	Cadence Bank
May 28, 1987	BFM Romec Employees Credit Union Inc	OH	Emerald Credit Union, Inc.
May 27, 1987	Bancorp of Mundelein, Inc.	IL	First Midwest Bancorp, Inc.
May 27, 1987	City of Binghamton Employees Federal Credit Union	NY	Horizons Federal Credit Union
May 27, 1987	Itt Telecon Federal Credit Union	NC	Freedom Federal Credit Union
May 26, 1987	Alpine Bank, Glenwood Springs Mall	CO	Alpine Bank
May 23, 1987	First Federal Bank, FSB	AL	Colonial Bank
May 22, 1987	The Bank of Hartsville	SC	NCNB National Bank of South Carolina
May 22, 1987	Ambank Holding Company	AZ	Ambank Holding Company of Colorado
May 22, 1987	S.M.C. Employees Federal Credit Union	NJ	North Jersey Federal Credit Union
May 22, 1987	Hamilton County Bank	FL	Barnett Bank of Suwannee Valley, National Association
May 21, 1987	Clark Cutler McDermott Employees Federal Credit Union	MA	Tremont Credit Union
May 21, 1987	Fayette Bancorp	IN	Merchants National Corporation

Bank mergers by year

← 1986 · 1988 →

Year	Merger records
2026	360
2025	433
2024	314
2023	363
2022	432
2021	437
2020	437
2019	547
2018	643
2017	608
2016	655
2015	766

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.

Explore: all mergers · 1987 bank events · browse by acquirer · bank failures · all events