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 |
|---|---|---|
| Mar 30, 1987 | P-Ring Credit Union | Preferred Credit Union |
| Mar 30, 1987 | Norwest Capital Management & Trust Company | Wells Fargo Bank South Dakota, N.A. |
| Mar 24, 1987 | Western Savings and Loan Company | CrossLand Savings, FSB |
| Mar 24, 1987 | Crossland SVG FS&LA | CrossLand Savings, FSB |
| Mar 21, 1987 | Journal-Constitution Empl Cu | Associated Credit Union |
| Mar 21, 1987 | First Dickson Corporation | First Union Corporation of Virginia |
| Mar 20, 1987 | First Federal of Maryland Federal Savings Association | Columbia First Bank, a Federal Savings Bank |
| Mar 18, 1987 | Southern California Bank Premises Corporation (BPC) | Southern California Bancorp |
| Mar 18, 1987 | Amigos De San Antonio Federal Credit Union | White Sands Federal Credit Union |
| Mar 16, 1987 | Texas Commerce Bank-Northgate, National Association | Texas Commerce Bank - El Paso, National Association |
| Mar 16, 1987 | Texas Commerce Bank San Antonio N/W, National Association | Texas Commerce Bank-San Antonio, National Association |
| Mar 16, 1987 | Texas Commerce Bank-Chamizal, National Association | Texas Commerce Bank - El Paso, National Association |
| Mar 16, 1987 | Texas Commerce Bank - Border City | Texas Commerce Bank - El Paso, National Association |
| Mar 16, 1987 | Texas Commerce Bank-San Antonio | Texas Commerce Bank-San Antonio, National Association |
| Mar 16, 1987 | Texas Commerce Bank East, National Association | Texas Commerce Bank - El Paso, National Association |
| Mar 16, 1987 | Texas Commerce Bank-First State | Texas Commerce Bank - El Paso, National Association |
| Mar 16, 1987 | Texas Commerce Bank - West, National Association | Texas Commerce Bank - El Paso, National Association |
| Mar 14, 1987 | Florida Food Services Federal Credit Union | McCoy Federal Credit Union |
| Mar 13, 1987 | Home Savings and Loan Association | Pacific Northwest Bank |
| Mar 11, 1987 | First State Bancorp Inc | Plains Bancorp, Inc. |
| Mar 10, 1987 | First Security Federal Savings and Loan Association | Great American Bank, Federal Savings Bank |
| Mar 9, 1987 | (unnamed) | Fleet Bank |
| Mar 9, 1987 | Peconic Bancshares, Inc. | Li Holding Corporation |
| Mar 6, 1987 | United Missouri Bank of Milan | UMB Bank, North Central |
| Mar 6, 1987 | Vernon Employees Federal Credit Union | Tremont Credit Union |
| Mar 6, 1987 | Mercantile Bank of Northwest County National Association | Firstar Bank Missouri, National Association |
| Mar 5, 1987 | Navco Employees Federal Credit Union | Pittsburgh Central Federal Credit Union |
| Mar 5, 1987 | Peoples Bank of Nanticoke | First Eastern Bank, National Association |
| Mar 5, 1987 | Marine Bank South, National Association | Bank One, Wisconsin, National Association |
| Mar 4, 1987 | First Massachusetts Financial Corporation | First Massachusetts Financial Corporation |
| Mar 4, 1987 | Gainer-Northern Corporation | Gainer Corporation |
| Mar 3, 1987 | Sun First National Bank of De Funiak Springs | SunTrust Bank, Northwest, Florida |
| Mar 2, 1987 | Godchaux Fcu | Onpath Federal Credit Union |
| Mar 2, 1987 | Nevada First Thrift | U. S. Bank of Nevada |
| Mar 2, 1987 | HLD Emp Cu | Member One Federal Credit Union |
| Mar 2, 1987 | Sherwin-Williams Georgia Fcu | The Southern Credit Union |
| Mar 2, 1987 | Wico Cu | Chattanooga First Federal Credit Union |
| Mar 2, 1987 | Ben Franklin Savings and Loan Association | Uptown Federal Savings and Loan Association |
| Mar 2, 1987 | Palatine Savings and Loan Association | Uptown Federal Savings and Loan Association |
| Mar 1, 1987 | Red Fox Credit Union | Panhandle Cooperative Federal Credit Union |
| Mar 1, 1987 | First National Financial Corp of Martinsville | Hasten Bancorp |
| Mar 1, 1987 | H & H Financial Corporation | Hasten Bancorp |
| Mar 1, 1987 | Van Diest Financial, Ltd. | Hamilton County Bancshares, Inc. |
| Mar 1, 1987 | Usameribancs, Inc. | NBD Illinois, Inc. |
| Mar 1, 1987 | Michigan National Bank - Mid Michigan | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | Grant Credit Union | Heartland Credit Union |
| Mar 1, 1987 | Michigan National Bank - Oakland | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | Colt Employees Federal Credit Union | Franklin Trust Federal Credit Union |
| Mar 1, 1987 | M&I Bank of Greenfield | M&I Marshall and Ilsley Bank |
| Mar 1, 1987 | F C a Federal Credit Union | Alero Financial Credit Union |
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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