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 |
|---|---|---|
| Nov 7, 1987 | First RepublicBank Nederland | First Republicbank Beaumont |
| Nov 6, 1987 | Texas American Bank/Ridgmar | Texas American Bank/fort Worth, N.A. |
| Nov 6, 1987 | Texas American Bank/Riverside | Texas American Bank/fort Worth, N.A. |
| Nov 6, 1987 | Texas American Bank/West Side | Texas American Bank/fort Worth, N.A. |
| Nov 4, 1987 | Joskes of Texas Federal Credit Union | Security Service Federal Credit Union |
| Nov 2, 1987 | Firstway Financial, Incorporated | Financial Trust Corp |
| Nov 2, 1987 | Malden State Bank | First Community Bank, Missouri |
| Nov 1, 1987 | First Union National Bank of Newnan | First Union National Bank of Georgia |
| Nov 1, 1987 | Turlock Public Employees Credit Union | The Golden 1 Credit Union |
| Nov 1, 1987 | Webb Employees Credit Union | Ideal Credit Union |
| Nov 1, 1987 | First of America Bank-Charlotte | First of America Bank-Central |
| Nov 1, 1987 | Lincoln Bank & Trust Company | Central Bank |
| Nov 1, 1987 | Slinger Foundry Employees Credit Union | Glacier Hills Credit Union |
| Nov 1, 1987 | Franklin Park Safe Deposit Company | Lasalle Bank Illinois |
| Nov 1, 1987 | Iowa National Bank & Trust | Heritage Bank, National Association |
| Nov 1, 1987 | Holstein State Bank | Heritage Bank, National Association |
| Nov 1, 1987 | First of America Bank-Grand Ledge | First of America Bank-Central |
| Nov 1, 1987 | Haverhill Boxboards Federal Credit Union | Tremont Credit Union |
| Nov 1, 1987 | First Union National Bank of Rome | First Union National Bank of Georgia |
| Nov 1, 1987 | First Union Bank of Waycross | First Union National Bank of Georgia |
| Nov 1, 1987 | Rwo Credit Union, Inc. | Directions Credit Union |
| Nov 1, 1987 | First Union National Bank of Valdosta | First Union National Bank of Georgia |
| Nov 1, 1987 | Sgwe Family Credit Union | United Labor Credit Union |
| Nov 1, 1987 | Sibley Employees Federal Credit Union | Communitywide Federal Credit Union |
| Nov 1, 1987 | Commercial Bank & Trust Company | First Union National Bank of Georgia |
| Nov 1, 1987 | C E Federal Credit Union | Amoco Federal Credit Union |
| Nov 1, 1987 | Upland City Employees Federal Credit Union | Arrowhead Federal Credit Union |
| Nov 1, 1987 | The Addison Savings and Loan Company | Union Savings Bank |
| Nov 1, 1987 | Woodruff & Edwards Credit Union | Kane County Teachers Credit Union |
| Nov 1, 1987 | KCS-K Credit Union | New Century Credit Union |
| Nov 1, 1987 | The American Bank of Waco | American Bank N.A. |
| Nov 1, 1987 | Allegheny Deluxe Federal Credit Union | N F G #2 Federal Credit Union |
| Nov 1, 1987 | Pawtucket Institution for Savings | Attleboro Pawtucket Savings Bank |
| Nov 1, 1987 | The Bank of Dalton | First Union National Bank of Georgia |
| Nov 1, 1987 | Macon Citizens Cu | Mountain Credit Union |
| Nov 1, 1987 | Hanover Bank & Trust Company | Bankeast |
| Nov 1, 1987 | First Union National Bank of Vidalia | First Union National Bank of Georgia |
| Oct 31, 1987 | Alvey Employees Credit Union | Vantage Credit Union |
| Oct 31, 1987 | United Jersey Bank/Lenape State | United Jersey Bank/South, National Association |
| Oct 31, 1987 | First Federal Savings & Loan Association | First Federal Bank of Louisiana |
| Oct 31, 1987 | Michigan National Bank-Michiana | LaSalle Bank Midwest National Association |
| Oct 31, 1987 | Tucson Savings and Loan Association | Home Savings of America, FSB |
| Oct 31, 1987 | The Union National Bank of Oxford | Southern National Bank of North Carolina |
| Oct 31, 1987 | First National Bank and Trust Company/St. Lucie County | Seacoast National Bank |
| Oct 31, 1987 | Shreveport Bank & Trust Company | Capital One, N.A. |
| Oct 31, 1987 | Intrawest Bank of Greeley, N.A. | (unnamed) |
| Oct 31, 1987 | Memorial Bank, National Association | Memorial Bank, N.A. |
| Oct 31, 1987 | Guarantee Savings, Federal Savings and Loan Association | Glendale Federal Bank, Federal Savings Bank |
| Oct 31, 1987 | First RepublicBank South Abilene | First Republicbank Abilene N.A. |
| Oct 31, 1987 | The Security State Bank of Doland, South Dakota | Farmers and Merchants 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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