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 |
|---|---|---|
| Apr 1, 1987 | C-E Credit Union | United Community Federal Credit Union |
| Apr 1, 1987 | Glad Fcu | Acadian Federal Credit Union |
| Apr 1, 1987 | A.G.A. Federal Credit Union | Aspire Federal Credit Union |
| Apr 1, 1987 | Hockensmith Federal Credit Union | Kennametal Employees Federal Credit Union |
| Apr 1, 1987 | Wasatch Bank of Pleasant Grove | Wasatch Bank |
| Apr 1, 1987 | Dan-Tex Federal Credit Union | Piedmont Credit Union |
| Apr 1, 1987 | Spiess Employees Credit Union | Alero Financial Credit Union |
| Apr 1, 1987 | B E Federal Credit Union | Heritage Credit Union |
| Apr 1, 1987 | Dundee State Bank | Bath National Bank |
| Apr 1, 1987 | Community State Bank | 1st Source Bank |
| Apr 1, 1987 | Beacon Federal Savings and Loan Association | Charter Oak Federal Savings Bank |
| Apr 1, 1987 | New Berlin Industrial Association Credit Union | Landmark Credit Union |
| Apr 1, 1987 | FSB Bancshares, Inc. | First FSB Bancshares, Inc. |
| Apr 1, 1987 | Wasatch Bank of Lehi | Wasatch Bank |
| Apr 1, 1987 | Bradford Schools Federal Credit Union | Greater Pittsburgh Federal Credit Union |
| Apr 1, 1987 | Texas American Bank/Las Colinas, National Association | Texas American Bank/dallas |
| Apr 1, 1987 | Scovills Apparel Fastener Federal Credit Union | Greater Watertown Federal Credit Union |
| Apr 1, 1987 | The Bendersville National Bank | ACNB Bank |
| Apr 1, 1987 | Metrotech Cu | Security Service Federal Credit Union |
| Apr 1, 1987 | Kce Fcu | Kinetic Credit Union |
| Apr 1, 1987 | First National Bank of Owensville | Farmers Bank and Trust Company |
| Apr 1, 1987 | Banctexas Carrollton N.A. | Banctexas Dallas N.A. |
| Apr 1, 1987 | Atascocita State Bank | Merchants Bank |
| Apr 1, 1987 | Central National Bank Pharr, Texas | Alamo Bank of Texas |
| Apr 1, 1987 | Buxton-Smith Employees Credit Union | Oneaz Credit Union |
| Apr 1, 1987 | Nebraska Lutheran Credit Union | First Nebraska Credit Union |
| Apr 1, 1987 | Greenheck Fan Credit Union | Brokaw Credit Union |
| Apr 1, 1987 | Cca Federal Credit Union | Autotruck Financial Credit Union |
| Apr 1, 1987 | Irsen Federal Credit Union | Kennametal Employees Federal Credit Union |
| Apr 1, 1987 | Banctexas Richardson N.A. | Banctexas Dallas N.A. |
| Apr 1, 1987 | Norstar Bank | Fleet Bank of New York, National Association |
| Apr 1, 1987 | M&I Bay View State Bank | M&I Marshall and Ilsley Bank |
| Apr 1, 1987 | The New Britain National Bank | Fleet Bank, National Association |
| Apr 1, 1987 | Banctexas White Rock N.A. | Banctexas Dallas N.A. |
| Apr 1, 1987 | The First National Bank of Wayland | Bath National Bank |
| Apr 1, 1987 | Bledsoe County Cu | Ten Credit Union |
| Apr 1, 1987 | Courier Employees Credit Union | Iowa Community Credit Union |
| Apr 1, 1987 | The Independent Bank and Trust Company | Fleet Bank, National Association |
| Apr 1, 1987 | Natoma Farmers Credit Union | Central Kansas Credit Union |
| Mar 31, 1987 | Parkersburg State Bank | Peoples Bank and Trust Company |
| Mar 31, 1987 | First Community Bancshares of Tifton, Inc. | Synovus Financial Corp. |
| Mar 31, 1987 | Peoples Bancshares, Inc. | Suntrust Banks of Tennessee, Inc. |
| Mar 31, 1987 | Heights National Bank | Broadway National Bank |
| Mar 31, 1987 | Crown Coach Employees Federal Credit Union | Chaffey Federal Credit Union |
| Mar 31, 1987 | T-Bar Employees Federal Credit Union | Mutual Security Credit Union, Inc. |
| Mar 31, 1987 | N P P Federal Credit Union | Sound Credit Union |
| Mar 31, 1987 | Building Material Employees Federal Credit Union | Excite Credit Union |
| Mar 31, 1987 | Kingston Employees Federal Credit Union | Solidarity Community Federal Credit Union |
| Mar 30, 1987 | F & M Holding Company, Inc. | The Colonial Bancgroup, Inc. |
| Mar 30, 1987 | Klein Bank - Cypresswood, National Association | Klein Bank |
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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