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 1, 1987 | First United Financial Services, Inc. | First Chicago Community Bancorp, Inc. |
| Oct 1, 1987 | Southwest Kansas Banc Shares, Inc. | Garden Banc Shares, Inc. |
| Oct 1, 1987 | Arl Employees Credit Union | American Federal Credit Union |
| Oct 1, 1987 | Procter & Gamble Federal Credit Union | LBS Financial Credit Union |
| Oct 1, 1987 | Central Bank of East Aurora, N.A. | Central Bank Aurora, National Association |
| Oct 1, 1987 | Allied Nederland Bank | First Interstate Bank of Port Arthur |
| Oct 1, 1987 | First FS&LA | Mid-State FSB |
| Oct 1, 1987 | First State Bank & Trust Company of Franklin Park | Lasalle Bank Illinois |
| Oct 1, 1987 | One Valley Bank of Terra Alta, National Association | One Valley Bank, Inc. |
| Oct 1, 1987 | Commencement Bay Federal Credit Union | Woodstone Credit Union |
| Oct 1, 1987 | Healthcare Federal Credit Union | Excite Credit Union |
| Oct 1, 1987 | One National Bank of Little Rock | One Bank & Trust, National Association |
| Oct 1, 1987 | Miles Employees Credit Union | Inova Federal Credit Union |
| Oct 1, 1987 | Citizens Savings Bank | The First National Bank in Creston |
| Oct 1, 1987 | Interchem Cincinnati Federal Credit Union | Cinco Family Financial Center Credit Union |
| Oct 1, 1987 | Norstar Bank of the Hudson Valley, National Association | Fleet Bank |
| Oct 1, 1987 | BMC Federal Credit Union | La Financial Federal Credit Union |
| Oct 1, 1987 | Conroe Bank, National Association | Citadel Bank |
| Oct 1, 1987 | Lomed Federal Credit Union | Triangle Federal Credit Union |
| Oct 1, 1987 | San Carlos-Belmont Employees Federal Credit Union | Monterra Credit Union |
| Oct 1, 1987 | Boatmen's Livestock National Bank | Nationsbank, National Association (Mid-West) |
| Oct 1, 1987 | Blue Hills Community Federal Credit Union | United Consumers Credit Union |
| Oct 1, 1987 | W P Rail Systems Federal Credit Union | Sierra Central Credit Union |
| Oct 1, 1987 | Brentwood Hospital Employees Credit Union, Inc. | North Coast Credit Union |
| Oct 1, 1987 | First American Bank | First American National Bank |
| Oct 1, 1987 | Narh Employees Federal Credit Union | Tremont Credit Union |
| Oct 1, 1987 | Airport Area C/C Federal Credit Union | West-Aircomm Federal Credit Union |
| Oct 1, 1987 | Sweeper Employees Credit Union | Alero Financial Credit Union |
| Oct 1, 1987 | Goodyear Madisonville Employees Federal Credit Union | Owensboro Federal Credit Union |
| Oct 1, 1987 | Gem State Federal Credit Union | Rails West Federal Credit Union |
| Oct 1, 1987 | Sweetheart Products Employees Federal Credit Union | Tremont Credit Union |
| Oct 1, 1987 | First Bank of DeKalb County | Belt American Bank of St. Joseph |
| Oct 1, 1987 | Marshalltown Railway Employees Credit Union | Lennox Employees Credit Union |
| Oct 1, 1987 | RGH Empl Fcu | Jackson Area Federal Credit Union |
| Oct 1, 1987 | Indiana Reformatory Credit Union | Lampco Federal Credit Union |
| Oct 1, 1987 | The First National Bank of Meade | First National Bank |
| Oct 1, 1987 | Capital Savings Bank, Federal Association | Great American Bank, Federal Savings Bank |
| Oct 1, 1987 | Savannah-Chatham Fcu | Georgia's Own Credit Union |
| Oct 1, 1987 | Dasadoco Empl Fcu | Spelc Federal Credit Union |
| Oct 1, 1987 | Farrell School Employees Federal Credit Union | Mercer County Community Federal Credit Union |
| Oct 1, 1987 | Lafourche National Bank of Thibodaux | ArgentBank |
| Oct 1, 1987 | KRH Federal Credit Union | Alero Financial Credit Union |
| Oct 1, 1987 | C&NW Transportation Credit Union | Ideal Credit Union |
| Oct 1, 1987 | Brocton Vamc Federal Credit Union | Hanscom Federal Credit Union |
| Oct 1, 1987 | FCB Employees Federal Credit Union | Heartland Credit Union |
| Oct 1, 1987 | Associated Teamsters Federal Credit Union | Bay Cities Credit Union |
| Oct 1, 1987 | The Merchants Bank, Bolton, Mississippi | Merchants and Planters Bank |
| Oct 1, 1987 | Family Services Credit Union | Guardian Credit Union |
| Oct 1, 1987 | Springday Credit Union | Telcomm Credit Union |
| Oct 1, 1987 | (unnamed) | Valliwide 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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