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 1, 1987 | The Avoca State Bank | Firstar Bank Council Bluffs |
| Mar 1, 1987 | Co. CI. Credit Union | Valley Communities Credit Union |
| Mar 1, 1987 | Michigan National Bank - Valley | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | Michigan National Bank - Central | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | Michigan National Bank - Ann Arbor | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | Michigan National Bank-West Metro | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | Fort Branch Federal Savings and Loan Association | Union Federal Savings Bank |
| Mar 1, 1987 | Ironton Lawco Employees Federal Credit Union | Desco Federal Credit Union |
| Mar 1, 1987 | Michigan National Bank | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | Ingersoll Products Company Credit Union | Sherwin Williams Employees Credit Union |
| Mar 1, 1987 | Michigan National Bank - Sterling | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | Michigan National Bank - South Metro | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | Michigan Bank - Port Huron | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | Michigan National Bank of Macomb | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | Hoosier State Bank of Indiana | NBD Bank, National Association |
| Mar 1, 1987 | M&I Silver Spring Bank | M&I Marshall and Ilsley Bank |
| Mar 1, 1987 | Uaw Local 376 Federal Credit Union | Franklin Trust Federal Credit Union |
| Mar 1, 1987 | Majestic Hotel Credit Association Credit Union | Arlington Hotel Federal Credit Union |
| Mar 1, 1987 | Michigan National Bank - West | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | Michigan National Bank - North Metro | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | (unnamed) | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | Michigan National Bank - West Oakland | LaSalle Bank Midwest National Association |
| Mar 1, 1987 | United Community Credit Union | Citizens Community Credit Union |
| Mar 1, 1987 | Independence Trust Company | Bank One, Waukesha |
| Feb 28, 1987 | Arkansas Power and Light Company Federal Credit Union | Telcoe Federal Credit Union |
| Feb 28, 1987 | Cochranton Bancorp, Inc. | The PNC Financial Services Group, Inc. |
| Feb 28, 1987 | Potomac River Works Federal Credit Union | 167th TFR Federal Credit Union |
| Feb 28, 1987 | First National Bank | Firstar Bank Milwaukee, National Association |
| Feb 28, 1987 | Ambus Federal Credit Union | Omaha Police Federal Credit Union |
| Feb 28, 1987 | Rainier Bank Oregon, a Federal Savings Bank | Rainier Bank Oregon, National Association |
| Feb 28, 1987 | Porter County Farm Bureau Co-Op Credit Union | Everwise Credit Union |
| Feb 28, 1987 | The First National Bank of Cochranton | Marine Bank |
| Feb 27, 1987 | Central Bank & Trust Company | The Peoples Bank & Trust Company, Natchitoches, LA. |
| Feb 26, 1987 | Old-First National Corporation | Fort Wayne National Corporation |
| Feb 25, 1987 | C&K Federal Credit Union | Riverfront Federal Credit Union |
| Feb 25, 1987 | Otsego County Federal Credit Union | Sidney Federal Credit Union |
| Feb 24, 1987 | Pilot Credit Union | Lincoln National Federal Credit Union |
| Feb 21, 1987 | The Bank of Scottsdale | Bank of Scottsdale |
| Feb 20, 1987 | Christ the King Lutheran Credit Union | Climb Credit Union |
| Feb 18, 1987 | Nutone Employees Credit Union, Inc. | Trupartner Credit Union, Inc. |
| Feb 17, 1987 | First Georgia Bank | First Union National Bank of Georgia |
| Feb 17, 1987 | First Bancshares Corporation of Illinois | Mercantile Bancorporation Incorporated of Illinois |
| Feb 17, 1987 | The Mitch Corporation | Dinsdale BROS., Inc. |
| Feb 17, 1987 | Long Island Trust Company, National Association | The Bank of New York Mellon |
| Feb 17, 1987 | Sax Federal Credit Union | Usx Federal Credit Union |
| Feb 14, 1987 | Saint Cloud Hospital Employees Credit Union | Great River Federal Credit Union |
| Feb 12, 1987 | Dab Employees Federal Credit Union | Ih Credit Union, Inc |
| Feb 11, 1987 | Intercole Employees Credit Union | Saint Colman & Affiliates Federal Credit Union |
| Feb 11, 1987 | St. Mary's Canandaigua Federal Credit Union | Reliant Community Federal Credit Union |
| Feb 10, 1987 | (unnamed) | Sherman County 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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