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 |
|---|---|---|
| Jan 15, 1987 | Standard Supply Empl Fcu | Epic Federal Credit Union |
| Jan 15, 1987 | Myrtle Desk Company Credit Union | Members Credit Union |
| Jan 13, 1987 | Guaranty Federal Savings and Loan Association | Superior Bank, FSB |
| Jan 13, 1987 | Peoria County School Employees Credit Union | Redbrand Credit Union |
| Jan 10, 1987 | Peoples Bank of Pound | First Virginia Bank of the Cumberlands |
| Jan 10, 1987 | Penn Edinboro Credit Union | Northwestern Pennsylvania Federal Credit Union |
| Jan 10, 1987 | First Virginia Bank - Surry | First Virginia Bank - Commonwealth |
| Jan 9, 1987 | American Branch Building Corporation | American Bank & Trust Company |
| Jan 6, 1987 | Clinton County Bancorp. | Summcorp |
| Jan 5, 1987 | San Juan Federal Credit Union | Southwest Colorado Federal Credit Union |
| Jan 2, 1987 | Altoona City Employees Federal Credit Union | Your Choice Federal Credit Union |
| Jan 2, 1987 | NCB Bank | Northern Central Bank |
| Jan 2, 1987 | Gimbels Philadelphia Area Federal Credit Union | Viriva Community Credit Union |
| Jan 2, 1987 | Lake-Lehman Schools Federal Credit Union | Wyoming Valley Educational Employees Federal Credit Union |
| Jan 2, 1987 | The State Savings and Loan Association | Home Savings Bank |
| Jan 2, 1987 | One Valley National Bank of Hurricane | One Valley Bank, National Association |
| Jan 2, 1987 | Power Equip Empl Cu | Knoxville Tva Employees Credit Union |
| Jan 2, 1987 | Printing Pressmen 123 Fcu | Members 1st Federal Credit Union |
| Jan 2, 1987 | Western Union Phila Dist Federal Credit Union | Esb Employees Federal Credit Union |
| Jan 2, 1987 | Anthracite Building & Loan Association | Security Savings Association of Hazelton |
| Jan 2, 1987 | Southwestern Federal Credit Union | Texas Federal Credit Union |
| Jan 2, 1987 | First Computer Services Inc | Wachovia Bank, N.A. |
| Jan 2, 1987 | Innovision, Inc. | Union Planters Bank, National Association |
| Jan 2, 1987 | K Mart Universal Employees Federal Credit Union | Spirit Financial Credit Union |
| Jan 2, 1987 | Molly Employees Federal Credit Union | Ctce Federal Credit Union |
| Jan 2, 1987 | Adp Employees Federal Credit Union | Citadel Federal Credit Union |
| Jan 2, 1987 | Ulcart Federal Credit Union | Philadelphia Federal Credit Union |
| Jan 1, 1987 | Kysor of Byron Federal Credit Union | Rock Valley Credit Union |
| Jan 1, 1987 | Citizens and Southern National Bank of St. Petersburg | (unnamed) |
| Jan 1, 1987 | Coachmen Industries Incorporated Employees Federal Credit Uni on | Chiphone Federal Credit Union |
| Jan 1, 1987 | Menzie-White Oak Community Federal Credit Union | Parkview Community Federal Credit Union |
| Jan 1, 1987 | Hibernia National Bank in Baton Rouge | Capital One, N.A. |
| Jan 1, 1987 | First of America Bank - Grand Rapids, National Association | National City Bank of the Midwest |
| Jan 1, 1987 | Mount Olive Bank | Union Planters Bank of Mississippi |
| Jan 1, 1987 | United Services Credit Union | Clearwater Credit Union |
| Jan 1, 1987 | GPC Fort Worth Federal Credit Union | OmniAmerican Bank |
| Jan 1, 1987 | Lexington Theological Seminary Federal Credit Union | The Health & Education Federal Credit Union |
| Jan 1, 1987 | Ketel Federal Credit Union | Patelco Credit Union |
| Jan 1, 1987 | Citizens and Southern Bank of Brevard | (unnamed) |
| Jan 1, 1987 | (unnamed) | FNB Bank, Inc. |
| Jan 1, 1987 | Kansas City Kansas Police Credit Union | Kansas City Kansas Firemen & Police Credit Union |
| Jan 1, 1987 | Northtown Bank and Trust | Magna Bank of Central Illinois, National Association |
| Jan 1, 1987 | Sandstone State Bank | First National Bank of the North |
| Jan 1, 1987 | Burroughs Employees and Associates Credit Union | Genisys Credit Union dba Genisys Investment Services |
| Jan 1, 1987 | Citizens and Southern National Bank of Sarasota | (unnamed) |
| Jan 1, 1987 | Bank of the Islands, Sanibel - Captiva | (unnamed) |
| Jan 1, 1987 | Community National Bank, Osceola County | (unnamed) |
| Jan 1, 1987 | American Bank & Trust/Crossville | First American Bank |
| Jan 1, 1987 | People's Trust Company | Shawmut Bank of Rhode Island |
| Jan 1, 1987 | People's Bank, FSB | Shawmut Bank of Rhode Island |
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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