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 |
|---|---|---|
| Oct 31, 1987 | Affiliated Banc Group, Inc. | Affiliated Banc Group, Inc. |
| Oct 30, 1987 | Bank of Laurel | Union Planters Bank of Mississippi |
| Oct 29, 1987 | Ambridge Area Federal Credit Union | New Alliance Federal Credit Union |
| Oct 28, 1987 | First RepublicBank Universal City National Association | The National Bank of Fort Sam Houston |
| Oct 28, 1987 | Lyon County State Bancshares, Inc. | Ottawa Bancshares, Inc. |
| Oct 28, 1987 | Northern Trust Bank of Florida/Palm Beach National Association | Northern Trust, National Association |
| Oct 27, 1987 | Freeport Federal Credit Union | Town of Hempstead Employees Federal Credit Union |
| Oct 26, 1987 | Royal Bank-West Side National Association | Royal Banks of Missouri |
| Oct 24, 1987 | The Albertville National Bank | Regions Bank |
| Oct 24, 1987 | First of America Bank-Iron County | First of America Bank-Upper Peninsula, National Association |
| Oct 24, 1987 | Albertville Bancshares, Inc. | Regions Financial Corporation |
| Oct 24, 1987 | Highland Lowell Credit Union | Metro Credit Union |
| Oct 23, 1987 | Valley Bank of Brownsville | Bank Wisconsin |
| Oct 23, 1987 | Trenary State Bank | Wells Fargo Bank Michigan, National Association |
| Oct 23, 1987 | Shawmut Merchants Bank, N. A. | Fleet National Bank of Massachusetts |
| Oct 22, 1987 | Liberty Bank of Carbondale | First Eastern Bank, National Association |
| Oct 19, 1987 | Gig Harbor National Bank | Puget Sound Bank |
| Oct 19, 1987 | (unnamed) | Citizens Bank and Trust of West Georgia |
| Oct 19, 1987 | Conejo Valley National Bank | Ventura County National Bank |
| Oct 17, 1987 | The Security Bank | The Peoples Bank |
| Oct 16, 1987 | Amer Zinc Empl Fcu | First Choice Community Credit Union |
| Oct 16, 1987 | Hampshire National Bank of South Hadley | Bank of New England - West, National Association |
| Oct 16, 1987 | Fulton County Farm Bureau Cooperative Credit Union | Beacon Credit Union |
| Oct 16, 1987 | Southeast Bank of Walton County | Southeast Bank, N.A. |
| Oct 15, 1987 | Viking Wire Employees Credit Union | Danbury Cyanamid Employees Credit Union |
| Oct 14, 1987 | Century Bank Southeast National Association | Century Bank at Orchard Road |
| Oct 14, 1987 | Elbanco Realty Corporation | NCNB Bancorporation, Inc. |
| Oct 14, 1987 | Ellis Group, Inc. | NCNB Bancorporation, Inc. |
| Oct 14, 1987 | Penn Central Employees Utica Federal Credit Union | G.P.O. Federal Credit Union |
| Oct 14, 1987 | Cataract Lodge @ 240 Federal Credit Union | Niagara's Choice Federal Credit Union |
| Oct 10, 1987 | Columbus Federal Savings and Loan Assocaition | AnchorBank, FSB |
| Oct 9, 1987 | Commercial Trust and Savings Bank | First Citizens Bank |
| Oct 9, 1987 | Valley Bank of Hartford | Valley Bank, Southeast |
| Oct 8, 1987 | Union Warren Savings Bank | Home Owners Savings Bank FSB |
| Oct 8, 1987 | Wright City State Bank | 1st Bank & Trust |
| Oct 6, 1987 | (unnamed) | KeyBank National Association |
| Oct 5, 1987 | Y D Employees Federal Credit Union | Struthers Federal Credit Union |
| Oct 5, 1987 | MBank Las Colinas, National Association | Mbank Dallas, N.A. |
| Oct 5, 1987 | (unnamed) | First American Bank |
| Oct 5, 1987 | A.I.D. Employees Federal Credit Union | Dexsta Federal Credit Union |
| Oct 3, 1987 | Arrow Savings and Loan Association | Allfirst Bank |
| Oct 3, 1987 | Barbers Credit Union | Adventure Credit Union |
| Oct 3, 1987 | Greater Lansing Labor Council Credit Union | Adventure Credit Union |
| Oct 3, 1987 | Waccamaw State Bank, Inc. | The Anchor Bank |
| Oct 2, 1987 | Charter National Bank - Westheimer | Charter National Bank - Houston |
| Oct 1, 1987 | Commerce Group, Inc. | First Commerce Bancshares, Inc. |
| Oct 1, 1987 | Pacific State Bank | United States National Bank of Oregon |
| Oct 1, 1987 | Bank of Corvallis | United States National Bank of Oregon |
| Oct 1, 1987 | Woodstock State Bancorp, Inc. | Woodstock Acquisition Corp. |
| Oct 1, 1987 | Omaha Credit Union | Indianhead Credit Union |
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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