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 |
|---|---|---|
| May 1, 1987 | Empire Savings Building and Loan Association | Commercial Federal Bank, a Federal Savings Bank |
| May 1, 1987 | MBank Wichita Falls Southwest, National Association | Mbank Wichita Falls, N.A. |
| May 1, 1987 | Ici Bayport Federal Credit Union | Shell Federal Credit Union |
| May 1, 1987 | All American INC./DES Moines Credit Union | First Century Federal Credit Union |
| May 1, 1987 | Manufacturers Bank of Livonia | Manufacturers Bank, National Association |
| May 1, 1987 | Kimble Employees Federal Credit Union | Everwise Credit Union |
| May 1, 1987 | Yellowstone Cooperative Federal Credit Union | Valley Financial Credit Union |
| May 1, 1987 | The Stonewall Bank | The Citizens National Bank of Meridian |
| May 1, 1987 | Huntsville Cu | North Alabama Educators Credit Union |
| May 1, 1987 | Hansen Employees Federal Credit Union | Alero Financial Credit Union |
| May 1, 1987 | Oran State Bank | First Financial Bank of Southeast Missouri |
| May 1, 1987 | General Bancshares Corporation of Indiana | Summcorp |
| May 1, 1987 | Peoples Equity Shares, Inc. | Citizens and Southern Georgia Corporation |
| May 1, 1987 | Intrawest Financial Corporation | United Banks of Colorado, Inc. |
| May 1, 1987 | Texas Capital Bank-Katy, National Association | Texas Capital Bank-Fort Bend |
| Apr 30, 1987 | Belco Fcu | Epic Federal Credit Union |
| Apr 30, 1987 | Sperry Rubber and Plastic Employees Federal Credit Union | Indiana Members Credit Union |
| Apr 30, 1987 | Zionic Credit Union | United Credit Union |
| Apr 29, 1987 | Betco-Safway Federal Credit Union | Credit Human Federal Credit Union |
| Apr 29, 1987 | Peoples Drug Stores Employees Federal Credit Union | Fedchoice Federal Credit Union |
| Apr 27, 1987 | Union Bancorporation | Capital Bancorp |
| Apr 27, 1987 | Jeff City Employees Federal Credit Union | Northern Credit Union |
| Apr 27, 1987 | Union Bank | Capital City Bank |
| Apr 25, 1987 | Eastern Arizona Bank | Farmers and Merchants Bank |
| Apr 22, 1987 | Homestead Community Federal Credit Union | Tri Boro Federal Credit Union |
| Apr 22, 1987 | Conifer Group, Inc. the | Bne Massachusetts Corporation |
| Apr 20, 1987 | Capital Peoples Bancshares, Inc. | Heights Bancshares, Inc. |
| Apr 17, 1987 | Sunrise Empl Fcu | We Florida Financial |
| Apr 17, 1987 | Aliceville Bank & Trust Company | West Alabama Bank & Trust |
| Apr 17, 1987 | First Tuskaloosa Corporation | Amsouth Bancorporation |
| Apr 16, 1987 | The Bank of Miami | Southeast Bank, N.A. |
| Apr 16, 1987 | American National Bank of Clay County | American National Bank of Florida |
| Apr 15, 1987 | Lindalco Employees Credit Union, Inc. | Wright-Patt Credit Union, Inc. |
| Apr 15, 1987 | Iowa Chiropractic Society Credit Union | Financial Plus Credit Union |
| Apr 14, 1987 | Capital Area Federal Credit Union | Capital Area Federal Credit Union |
| Apr 13, 1987 | Inwood Bancshares, Inc. | Inwood Bancshares, Inc. |
| Apr 11, 1987 | Central Savings and Loan Association | Coast Federal Bank, FSB |
| Apr 11, 1987 | Hawkeye Bank and Trust | The Clinton National Bank |
| Apr 9, 1987 | Local NO. 3 Lamp . Shade DIV. Federal Credit Union | Elektra Federal Credit Union |
| Apr 6, 1987 | Pennsylvania SCH Retiree Cu | Members 1st Federal Credit Union |
| Apr 4, 1987 | The Bank of Prescott | Security Pacific Bank Arizona |
| Apr 4, 1987 | Foothill Thrift and Loan Company | Zions Bancorporation, N.A. |
| Apr 4, 1987 | Enterprise Banking Company | Regions Bank |
| Apr 2, 1987 | American Security Bank | Regions Bank of Florida |
| Apr 2, 1987 | Banctexas Houston | BancTEXAS Houston, National Association |
| Apr 2, 1987 | Banctexas North Side Houston N.A. | BancTEXAS Houston, National Association |
| Apr 2, 1987 | Banctexas Westheimer | BancTEXAS Houston, National Association |
| Apr 1, 1987 | Amerco Empl Sa Cu | Tennessee Valley Federal Credit Union |
| Apr 1, 1987 | Banctexas Quorum N.A. | Banctexas Dallas N.A. |
| Apr 1, 1987 | The Simsbury Bank and Trust Company | Fleet Bank, National Association |
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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