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 |
|---|---|---|
| Feb 9, 1987 | Bank of Barrow | Bank South |
| Feb 9, 1987 | Farmers Bank of Blairstown | Central Bank of Warrensburg |
| Feb 7, 1987 | Hawkeye Bank & Trust, Eldora, Iowa | F&M Bank-Iowa Central |
| Feb 6, 1987 | Citicorp Savings and Industrial Bank Littleton | Citicorp Savings and Industrial Bank |
| Feb 6, 1987 | Citicorp Savings and Industrial Bank, Denver | Citicorp Savings and Industrial Bank |
| Feb 6, 1987 | Citicorp Savings and Industrial Bank Colorado Springs | Citicorp Savings and Industrial Bank |
| Feb 6, 1987 | Citicorp Saving and Industrial Bank Boulder | Citicorp Savings and Industrial Bank |
| Feb 6, 1987 | Citicorp Savings & Industrial Bank of Southwest Plaza | Citicorp Savings and Industrial Bank |
| Feb 6, 1987 | Citicorp Savings & Industrial Bank of Northglenn | Citicorp Savings and Industrial Bank |
| Feb 6, 1987 | Citicorp Savings and Industrial Bank Fort Collins | Citicorp Savings and Industrial Bank |
| Feb 4, 1987 | OMNIBANK of Kiowa County, National Association | Valley State Bank |
| Feb 3, 1987 | Brothers Keeper Federal Credit Union | Trupartner Credit Union, Inc. |
| Feb 3, 1987 | Peoples Northland Federal Credit Union | Blaze Credit Union |
| Feb 2, 1987 | Maple City Health Care Federal Credit Union | Servu Federal Credit Union |
| Feb 2, 1987 | Williams Banking Company | Great Oaks Bank |
| Feb 2, 1987 | Sidney National Bank | Security First Bank |
| Feb 2, 1987 | Farmers State Bank | First State Bank |
| Feb 2, 1987 | First Security Federal Credit Union | Winsouth Credit Union |
| Feb 2, 1987 | Collier Bank | First Union National Bank of Florida |
| Feb 2, 1987 | Wheatland Credit Union | Metro Credit Union |
| Feb 2, 1987 | Edison Banks, Inc. | First Union Corporation of Florida |
| Feb 2, 1987 | Security National Bank | First Union National Bank of Florida |
| Feb 1, 1987 | Sun Bank/Okeechobee | Sun Bank/South Central Florida, National Association |
| Feb 1, 1987 | Broadway National Bank/Westplex | Broadway National Bank |
| Feb 1, 1987 | J I Case Employees Credit Union | R I a Federal Credit Union |
| Feb 1, 1987 | Belmond Eaton Credit Union | Citizens Community Credit Union |
| Feb 1, 1987 | Thirteen Nineteen Employees Credit Union | Synergy Partners Credit Union |
| Feb 1, 1987 | Aliquippa Hospital Employees Federal Credit Union | Friendly Federal Credit Union |
| Feb 1, 1987 | Saint Mary's Hospital Employees Federal Credit Union | Health Advantage Federal Credit Union |
| Feb 1, 1987 | First Alief Bank | University Bank |
| Feb 1, 1987 | Sun Bank/Highlands County, National Association | Sun Bank/South Central Florida, National Association |
| Jan 31, 1987 | St. Ambrose Federal Credit Union | Centra Credit Union |
| Jan 31, 1987 | Security Bank, Imlay City | Security Bank Northeast |
| Jan 31, 1987 | First Camden Bancorporation | Synovus Financial Corp. |
| Jan 31, 1987 | VVCH Federal Credit Union | Horizons North Credit Union |
| Jan 31, 1987 | The Bank of Damascus | Citizens Bank of Maryland |
| Jan 31, 1987 | United Bank of Southgate | First of America-North Central Illinois, National Association |
| Jan 31, 1987 | United Bank of Loves Park | First of America-North Central Illinois, National Association |
| Jan 31, 1987 | Purolator Federal Credit Union | Advanced Financial Federal Credit Union |
| Jan 31, 1987 | First Security State Bank | Wells Fargo Trust Company, N.A. |
| Jan 31, 1987 | Wepcu Employees Federal Credit Union | Parsons Federal Credit Union |
| Jan 31, 1987 | First National Bank of Camden County | The Coastal Bank of Georgia |
| Jan 30, 1987 | P&S Federal Credit Union | Wesla Federal Credit Union |
| Jan 28, 1987 | First National Corporation of Sparta | First Union Corporation of Virginia |
| Jan 26, 1987 | Toombs Bank Shares, Inc. | BMR Financial Group, Inc. |
| Jan 23, 1987 | Merchants & Farmers Bank | First Charter Bank |
| Jan 21, 1987 | C.F.M. Federal Credit Union | Tonawanda Community Federal Credit Union |
| Jan 21, 1987 | C.F.M. Federal Credit Union | Pacific Federal Credit Union |
| Jan 21, 1987 | People's Bank of Chesapeake | Crestar Bank |
| Jan 18, 1987 | Valley View Bank Building, Inc. | Valley View State 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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