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 1, 1987 | Sherwood Medical Industrial Credit Union | Greater Watertown Federal Credit Union |
| Jan 1, 1987 | Lorain County Employees Credit Union, Inc. | Lormet Community Federal Credit Union |
| Jan 1, 1987 | Franklin County Community Credit Union | Citizens Community Credit Union |
| Jan 1, 1987 | Citizens National Bank in Windber | Cenwest National Bank |
| Jan 1, 1987 | Citizens and Southern Bank of Pasco County | (unnamed) |
| Jan 1, 1987 | Waelco Federal Credit Union | Central One Federal Credit Union |
| Jan 1, 1987 | People's Savings Association | Charter One Bank, National Association |
| Jan 1, 1987 | Citizens Bank of Weirton | Wheeling National Bank |
| Jan 1, 1987 | Citizens and Southern Bank of Manatee County | (unnamed) |
| Jan 1, 1987 | Alabama City Bank of Gadsden, Alabama | SouthTrust Bank of Etowah County, National Association |
| Jan 1, 1987 | Hawkeye Bank & Trust of Des Moines | Mercantile Bank MidWest |
| Jan 1, 1987 | Old Stone Bank of Washington, FSB | Old Stone Federal Savings Bank |
| Jan 1, 1987 | Republic Airlines Federal Credit Union | Firefly Federal Credit Union |
| Jan 1, 1987 | Heritage National Bank and Trust Company | (unnamed) |
| Jan 1, 1987 | The Farmers and Traders National and Savings Bank of Colebrook | First NH-White Mountain Bank |
| Jan 1, 1987 | Powell Credit Union | Sierra Central Credit Union |
| Jan 1, 1987 | Purina Chow Credit Union | Northwest Louisiana Federal Credit Union |
| Jan 1, 1987 | Citizens and Southern National Bank of Lee County | (unnamed) |
| Jan 1, 1987 | Citizens and Southern National Bank of Collier County | (unnamed) |
| Jan 1, 1987 | State Bank of Cologne | The First National Bank of Waconia |
| Jan 1, 1987 | Guaranty Bank & Trust Company | Capital One, N.A. |
| Jan 1, 1987 | Citizens and Southern National Bank of Port Charlotte | (unnamed) |
| Jan 1, 1987 | F&M Bank of Sullivan | F & M Bank |
| Jan 1, 1987 | Citizens and Southern Bank of Orlando | (unnamed) |
| Jan 1, 1987 | Tennessee Textile Employees Credit Union | American Family Financial Service Credit Union |
| Jan 1, 1987 | Cutter Laboratories Employees Credit Union | Inova Federal Credit Union |
| Jan 1, 1987 | Fairview Heights Community Bank | Magna Bank, National Association |
| Jan 1, 1987 | Commerce Union Bank of Lawrence County | NationsBank of Tennessee, National Association |
| Jan 1, 1987 | Wu Ga Fcu | Patelco Credit Union |
| Jan 1, 1987 | The Sudlersville Bank of Maryland | Mercantile Eastern Shore Bank |
| Jan 1, 1987 | Arlington State Bank | Associated Bank Portage, National Association |
| Jan 1, 1987 | First National Bank, Winter Park | (unnamed) |
| Jan 1, 1987 | Hibernia National Bank in Lafayette | Capital One, N.A. |
| Jan 1, 1987 | F&M Bank of Dousman | Associated Bank Menomonee Falls |
| Jan 1, 1987 | Suburban Hospital Employees Federal Credit Union | National Institutes of Health Federal Credit Union |
| Jan 1, 1987 | Regent Federal Credit Union | Hawaii Central Federal Credit Union |
| Jan 1, 1987 | Heritage Savings and Loan Association | Comfed Savings Bank Federal Association |
| Jan 1, 1987 | First of America Bank-Troy | First of America Bank-Wayne Oakland |
| Jan 1, 1987 | First Mississippi National Bank | Cadence Bank |
| Jan 1, 1987 | City Bank of Champaign | Busey Bank |
| Jan 1, 1987 | (unnamed) | The Fifth Third Bank of Western Ohio, National Association |
| Jan 1, 1987 | The Union National Bank of Shenandoah | Keystone Financial Bank, National Association |
| Jan 1, 1987 | Metropolitan Savings Association | United Postal Savings Association |
| Jan 1, 1987 | American West Federal Credit Union | Excite Credit Union |
| Jan 1, 1987 | Midwest Savings Association | Hunter Savings Association |
| Jan 1, 1987 | Onized Federal Credit Union | Great Lakes Credit Union, Inc. |
| Jan 1, 1987 | Heritage National Bank | Landmark Bank, National Association |
| Jan 1, 1987 | Panco Federal Credit Union | Kennametal Employees Federal Credit Union |
| Jan 1, 1987 | Bettendorf Community Credit Union | The Family Credit Union |
| Jan 1, 1987 | Home Federal Savings & Loan Company | Mercer Savings 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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