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 |
|---|---|---|
| Dec 1, 1987 | The Toy National Bank of Sioux City | Norwest Bank Sioux City, National Association |
| Dec 1, 1987 | Coca-Cola Bottling Company of the Southwest Credit Union | Saint Joseph's Credit Union |
| Dec 1, 1987 | NBD Troy Bank, National Association | Bank One, Michigan |
| Dec 1, 1987 | 431 Credit Union | Ascentra Credit Union |
| Dec 1, 1987 | Wyeth Company Employees Credit Union | Stationery Credit Union |
| Dec 1, 1987 | First City Bank - East, National Association | First City, Texas - El Paso, N.A. |
| Dec 1, 1987 | Savannah Bank & Trust Company of Savannah | First Union National Bank of Georgia |
| Dec 1, 1987 | Farmers State Bank | Cusb Bank |
| Dec 1, 1987 | First Union National Bank of Columbus | First Union National Bank of Georgia |
| Dec 1, 1987 | First Union Bank of Screven County | First Union National Bank of Georgia |
| Dec 1, 1987 | Bank of Waynesboro | First Union National Bank of Georgia |
| Dec 1, 1987 | Community Hospital Employees Credit Union | River Bend Credit Union |
| Dec 1, 1987 | Northeast Iowa Central Credit Union | General Drivers Credit Union |
| Dec 1, 1987 | Kyap Federal Credit Union | Appalachian Power Employees Federal Credit Union |
| Dec 1, 1987 | Bowdle State Bank | Live Stock State Bank |
| Nov 30, 1987 | Princeton Bank of Pennsylvania, N.A. | Princeton Bank of Pennsylvania |
| Nov 30, 1987 | Pegasus Federal Credit Union | Tremont Credit Union |
| Nov 30, 1987 | Lake Charles Memorial Cu | Southwest Louisiana Credit Union |
| Nov 30, 1987 | Health Care Employees Credit Union | Landmark Credit Union |
| Nov 30, 1987 | Community Bank of Manatee | First Union National Bank of Florida |
| Nov 28, 1987 | Metropolitan Bank St. Paul | Firstar MetroBank |
| Nov 28, 1987 | Metropolitan Bank Plymouth | Firstar MetroBank |
| Nov 28, 1987 | Bayanihan Credit Union | Credit Union One |
| Nov 25, 1987 | Vah Baltimore Federal Credit Union | First Financial of Maryland Federal Credit Union |
| Nov 21, 1987 | United Bank of Arapahoe-East N.A. | Norwest Bank Arapahoe, National Association |
| Nov 21, 1987 | Saint Leo's Parish Federal Credit Union | Little Giant Federal Credit Union |
| Nov 21, 1987 | Valley National Bank | FirstBank |
| Nov 21, 1987 | First of America Bank - Alger, National Association | First of America Bank-Upper Peninsula, National Association |
| Nov 20, 1987 | Northern Indiana Bank and Trust Company | NBD Bank, National Association |
| Nov 20, 1987 | Beltower Inc | M&I LLC |
| Nov 20, 1987 | Exchange National Bank | Norwest Bank Texas, Kelly Field, National Association |
| Nov 20, 1987 | Heritage Bank | Bank South |
| Nov 19, 1987 | Macbeth Employees Federal Credit Union | Heritage Financial Federal Credit Union |
| Nov 18, 1987 | Buffalo St Teresa's Federal Credit Union | St. Johns Buffalo Federal Credit Union |
| Nov 16, 1987 | Tri-County Savings & Loan Association | First American Savings, F.A. |
| Nov 16, 1987 | First RepublicBank Lake Air, National Association | First Republicbank Waco N.A. (Austin Avenue) |
| Nov 14, 1987 | First RepublicBank Chelmont, National Association | First Republicbank El Paso N.A. |
| Nov 14, 1987 | Bank of Meadville | Bank of Brookfield-Purdin N.A. |
| Nov 13, 1987 | Roswell Bank | First Union National Bank of Georgia |
| Nov 13, 1987 | Center State Bank | Union Safe Deposit Bank |
| Nov 13, 1987 | First Bank Financial Corp. | Bank South Corporation |
| Nov 13, 1987 | First Midwest Bank/Joliet, National Association | First Midwest Bank/Illinois, National Association |
| Nov 13, 1987 | Carolina Coca-Cola Employees Federal Credit Union | Safe Federal Credit Union |
| Nov 13, 1987 | Shawmut First County Bank, N. A. | Fleet National Bank of Massachusetts |
| Nov 12, 1987 | First RepublicBank SW Temple, National Association | First Republicbank Temple N.A. |
| Nov 12, 1987 | First Bank of Savannah | Wachovia Bank of Georgia, National Association |
| Nov 9, 1987 | Duplin County Teachers Federal Credit Union | Bragg Mutual Federal Credit Union |
| Nov 9, 1987 | Buffalo St Martins Federal Credit Union | St. Johns Buffalo Federal Credit Union |
| Nov 9, 1987 | Attnewark Federal Credit Union | The Atlantic Federal Credit Union |
| Nov 7, 1987 | Druid Hill Federal Savings and Loan Association | Chesapeake Bank of Maryland |
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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