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

Credit unions merged

NIC, credit unions as the acquired side

125

Holding companies

Bank holding companies merged

1,196

All merger records

1987 in US banking ›

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	State	Assets	Acquirer
Dec 31, 1987	First RepublicBank Greenspoint	TX	—	First Republicbank Houston N.A.
Dec 31, 1987	Century Bank	LA	—	First National Bank
Dec 31, 1987	State Bank of Waubay	SD	—	First Savings Bank
Dec 31, 1987	Empire of America-California, FSB	CA	—	Empire Federal Savings Bank of America
Dec 31, 1987	First Southdale National Bank of Edina	MN	—	U.S. Bank National Association
Dec 31, 1987	First RepublicBank Post Oak	TX	—	First Republicbank Houston N.A.
Dec 31, 1987	Security Bank of Nevada	NV	—	Bank of America, National Association
Dec 31, 1987	First RepublicBank Fannin	TX	—	First Republicbank Houston N.A.
Dec 31, 1987	First National Bank of Riverlands	LA	—	First National Bank
Dec 31, 1987	First Northtown National Bank	MN	—	U.S. Bank National Association
Dec 31, 1987	Western Security Bank	OR	—	KeyBank National Association
Dec 31, 1987	First RepublicBank Baytown	TX	—	First Republicbank Houston N.A.
Dec 31, 1987	First RepublicBank East Houston	TX	—	First Republicbank Houston N.A.
Dec 31, 1987	First Edina National Bank	MN	—	U.S. Bank National Association
Dec 31, 1987	First Bank Robbinsdale, National Association	MN	—	U.S. Bank National Association

Biggest bank failures by assets ›

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	State	Acquirer
Jan 1, 1987	Citizens and Southern Bank of Tampa	FL	(unnamed)
Jan 1, 1987	Bear River Valley Credit Union	UT	Elevate Federal Credit Union
Jan 1, 1987	Citizens Bank	GA	First State Bank & Trust Company
Jan 1, 1987	A. M. Castle Western Division Employees Federal Credit Union	CA	A M Castle Employees Federal Credit Union
Jan 1, 1987	Vanguard Bank of Mary Esther	FL	Vanguard Bank & Trust Company
Jan 1, 1987	Richfield City Employees Credit Union	MN	MY Credit Union
Jan 1, 1987	Cache Rural Federal Credit Union	UT	Usu Charter Federal Credit Union
Jan 1, 1987	Four-Phase Employees Federal Credit Union	CA	Truwest Credit Union
Jan 1, 1987	Eastern Savings Bank	NY	Apple Bank
Jan 1, 1987	WTCN Employees Credit Union	MN	Trustone Financial Credit Union
Jan 1, 1987	(unnamed)	—	Industrial State Bank
Jan 1, 1987	Citizens National Bank of Idaho	ID	KeyBank National Association
Jan 1, 1987	South Mississippi Bank	MS	Union Planters Bank of Mississippi
Jan 1, 1987	The First National Bank of Stockton	IL	First Bank North
Jan 1, 1987	Busey First National Bank	IL	Busey Bank
Jan 1, 1987	First National Bank, Seminole County	FL	(unnamed)
Jan 1, 1987	Hibernia National Bank in Jefferson Parish	LA	Capital One, N.A.
Jan 1, 1987	Security National Bank	IN	Bank One, Richmond, National Association
Jan 1, 1987	Windsor State Bank	IL	Shelby County State Bank
Jan 1, 1987	300 Corporation	KS	The Peoples National Bank of Liberal
Jan 1, 1987	Turnpike Cu	FL	Connect Credit Union
Jan 1, 1987	Premier Bancorporation, Inc.	IL	First of America Bancorporation-Illinois, Inc.
Jan 1, 1987	PT&S Bancorp	IA	Homeland Bankshares Corporation
Jan 1, 1987	Mid-Continental Bancorporation, Inc.	WI	Mid-Continental Holdings, Inc.
Jan 1, 1987	Charter Glenbrook Bancorporation, Inc.	IL	Charter Bank Group, Inc.
Jan 1, 1987	Charter Bancshares, Inc.	IL	Charter Bank Group, Inc.
Jan 1, 1987	Charter Financial Corporation of Illinois	IL	Charter Bank Group, Inc.
Jan 1, 1987	Charter Bancorporation, Inc.	IL	Charter Bank Group, Inc.
Jan 1, 1987	Burlington Capital Corporation	IL	Affiliated Banc Group, Inc.
Jan 1, 1987	United Pinellas Corporation	FL	United Financial Holdings, Incorporated
Jan 1, 1987	Colson, Inc.	DE	Washington Bancorporation
Jan 1, 1987	Headland Capital Corporation	AL	Alabama National Bancorporation
Jan 1, 1987	Comp One Corporation	OH	C & H Bancorp
Jan 1, 1987	First American Bank Building Corporation	WI	Bremer Bank, National Association
Jan 1, 1987	First American Agricultural Loans of Amery	WI	Bremer Bank, National Association
Jan 1, 1987	Hilldale State Bank Building Corporation	WI	M&I Bank of Hilldale
Jan 1, 1987	Tallapoosa Capital Corporation	AL	Alabama National Bancorporation
Jan 1, 1987	First United Corporation	AL	Alabama National Bancorporation
Jan 1, 1987	Independent Community Banks, Inc.	FL	Citizens and Southern Corporation
Jan 1, 1987	Citizens Capital Corporation	MS	Grenada Sunburst System Corporation
Jan 1, 1987	Levy County Bancorporation	FL	Capital City Bank Group, Inc.
Jan 1, 1987	First Mississippi National Corporation	MS	Bancorpsouth, Inc.
Jan 1, 1987	Prime Properties Incorporated	FL	American Banks of Florida, Inc.
Jan 1, 1987	Mid-Nebraska Bancshares, Inc.	NE	United Nebraska Financial Co.
Jan 1, 1987	Broken Bow Enterprises, Inc.	NE	United Nebraska Financial Co.
Jan 1, 1987	First Citizens National Bank	MS	Deposit Guaranty National Bank

Bank mergers by year

← 1986 · 1988 →

Year	Merger records
2026	362
2025	433
2024	314
2023	363
2022	432
2021	437
2020	437
2019	547
2018	643
2017	608
2016	655
2015	766

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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