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
May 21, 1987	Central Community Hospital Federal Credit Union	IL	Healthcare Associates Credit Union
May 20, 1987	Two Fifty James Federal Credit Union	NJ	Garden Savings Federal Credit Union
May 19, 1987	Boston Envelope Employees Federal Credit Union	MA	Tremont Credit Union
May 18, 1987	(unnamed)	—	First American Bank
May 18, 1987	Jackson County Bancshares, Inc.	AL	The Colonial Bancgroup, Inc.
May 18, 1987	Cobanco, Inc.	CA	Pacific Western Bancshares, Inc.
May 18, 1987	Centerre Bank of Crystal City	MO	Centerre Bank N.A.
May 18, 1987	Centerre Bank of Pacific	MO	Centerre Bank N.A.
May 18, 1987	Pacific Valley Bank	CA	Pacific Western Bank
May 18, 1987	(unnamed)	—	Colonial Bank
May 16, 1987	Georgia State Bank	GA	First Union National Bank of Georgia
May 16, 1987	F.W.C.B. Corporation	WI	Firstar Holdings Corporation
May 16, 1987	United Citizens Bancshares, Inc.	TN	Sovran Financial Corporation/central South
May 16, 1987	Huntington Bank	CA	Citizens Business Bank, N.A.
May 16, 1987	United Citizens Bank of Cheatham County	TN	NationsBank of Tennessee, National Association
May 15, 1987	Society Bank of Northwest Ohio	OH	KeyBank N.A.
May 15, 1987	Society Bank of the Firelands	OH	KeyBank N.A.
May 14, 1987	First Carolina Central Credit Union	NC	Summit Credit Union
May 12, 1987	Radian Employees Federal Credit Union	TX	Austin Telco Federal Credit Union
May 12, 1987	Saint Johns of San Angelo Federal Credit Union	TX	Qualtrust Credit Union
May 12, 1987	Tiverton-Little Compton Federal Credit Union	RI	SJB Federal Credit Union
May 11, 1987	Colonial Savings Association	WI	Security Bank, S.S.B.
May 9, 1987	Medford State Bank	OR	Valley of the Rogue Bank
May 9, 1987	Santa Clara Savings, a Federal Savings and Loan Association	CA	Gibraltar Savings, F. A.
May 8, 1987	First South Bank of Camden County	GA	Bank South, Waycross
May 8, 1987	Triple One Credit Union	CO	Canvas Credit Union
May 8, 1987	Manistee County Teachers Credit Union	MI	Filer Credit Union
May 7, 1987	Appling County Citizens Fcu	GA	Interstate Credit Union
May 6, 1987	Community I-10 West, N.A.	TX	Community Bank
May 6, 1987	Co-Op Credit Union	IL	I a a Credit Union
May 6, 1987	(unnamed)	—	First Union National Bank of Florida
May 5, 1987	Arrowhead State Bank of Kansas City	KS	Security Bank of Kansas City
May 4, 1987	Athens-Limestone Bank, Inc.	AL	Colonial Bank
May 2, 1987	Bank of Fairfield	SC	Wachovia Bank of South Carolina, National Association
May 2, 1987	Pressed Steel Tank Credit Union	WI	Guardian Credit Union
May 2, 1987	First National Financial Corporation	TN	First Union Corporation of Virginia
May 1, 1987	Moore Alabama Fcu	AL	Americas First Federal Credit Union
May 1, 1987	Whitney National Bank in Jefferson Parish	LA	Whitney National Bank
May 1, 1987	Seco Federal Credit Union	PA	Erie Times Employees Federal Credit Union
May 1, 1987	Globe-Tyler Federal Credit Union	IL	Alero Financial Credit Union
May 1, 1987	The Eaton Loan and Home Aid Company	OH	Citizens Federal Bank, F.S.B., a Federal Savings Bank
May 1, 1987	Manufacturers Bank of Southfield, N.A.	MI	Manufacturers Bank, National Association
May 1, 1987	Manufacturers Bank of The Shores	MI	Manufacturers Bank, National Association
May 1, 1987	Gecac Federal Credit Union	PA	Widget Federal Credit Union
May 1, 1987	N.T.M. Employees Credit Union	NJ	United Financial Services Federal Credit Union
May 1, 1987	First Financial Bank of Scott County	MO	First Financial Bank of Southeast Missouri
May 1, 1987	Ralston Purina Employees Credit Union, Inc.	OH	Purina Credit Union
May 1, 1987	Anthony Wayne Bank	IN	Summit Bank
May 1, 1987	Manufacturers Bank of Novi	MI	Manufacturers Bank, National Association
May 1, 1987	Range Savings & Loan Association	WI	North Land Bank of Wisconsin, SSB

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.

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