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 | (unnamed) | The Bank of California, National Association |
| Sep 30, 1987 | NBC Bank - Colonnade, National Association | NBC Bank-San Antonio, N.A. |
| Sep 30, 1987 | Semgco Enterprises Federal Credit Union | Flagship Community Federal Credit Union |
| Sep 30, 1987 | NBC Bank - Randolph, National Association | NBC Bank-San Antonio, N.A. |
| Sep 30, 1987 | Ad Co Empl Cu | Select Seven Federal Credit Union |
| Sep 30, 1987 | Broward Bancorp | Jefferson Bancorp, Inc. |
| Sep 30, 1987 | Ubanco, Inc. | Washington Community Bancshares, Inc. |
| Sep 30, 1987 | NBC Bank - Ingram Park, National Association | NBC Bank-San Antonio, N.A. |
| Sep 30, 1987 | The Union Bank | Western Community Bank |
| Sep 30, 1987 | NBC Bank - Perrin Beitel, National Association | NBC Bank-San Antonio, N.A. |
| Sep 30, 1987 | NBC Bank - Harlandale | NBC Bank-San Antonio, N.A. |
| Sep 30, 1987 | NBC Bank - Corpus Christi | NBC Bank-South Texas, N.A. |
| Sep 30, 1987 | NBC Bank - North, National Association | NBC Bank-San Antonio, N.A. |
| Sep 30, 1987 | NBC Bank - South | NBC Bank-South Texas, N.A. |
| Sep 26, 1987 | MBank Arlington | Mbank Midcities N.A. |
| Sep 26, 1987 | MBank Harlingen, National Association | Mercantile Bank, National Association |
| Sep 26, 1987 | Security Bank and Trust Company | Bank of New England - Old Colony, National Association |
| Sep 26, 1987 | South Broadway Bank | Southside Bank |
| Sep 26, 1987 | MBank Mansfield | Mbank Midcities N.A. |
| Sep 25, 1987 | First Union Bank of Sarasota | First Union National Bank of Florida |
| Sep 25, 1987 | Citizens State Bank | Dairy State Bank |
| Sep 24, 1987 | First RepublicBank of Post Oak, National Association | First RepublicBank Post Oak |
| Sep 24, 1987 | Gibraltar Federal Credit Union | L'Oreal USA Federal Credit Union |
| Sep 24, 1987 | First RepublicBank Medical Center, National Association | First RepublicBank NW San Antonio, National Association |
| Sep 19, 1987 | The First National Bank of Dickson | First Union National Bank of Tennessee |
| Sep 19, 1987 | Norstar Bank of Commerce | Fleet Bank |
| Sep 19, 1987 | Floridas Farmland Fcu | Magnify Credit Union |
| Sep 18, 1987 | Synthane-Taylor Federal Credit Union | Tri County Area Federal Credit Union |
| Sep 18, 1987 | Shawmut Needham Bank, N. A. | Fleet National Bank of Massachusetts |
| Sep 18, 1987 | Shawmut Quincy Bank and Trust Company | Fleet National Bank of Massachusetts |
| Sep 16, 1987 | Wholesale Distributors Employees Federal Credit Union | Credit Human Federal Credit Union |
| Sep 15, 1987 | Baptist Hospital Beaumont Employee Federal Credit Union | Rave Financial Credit Union |
| Sep 15, 1987 | Marina Employees Federal Credit Union | Homeport Federal Credit Union |
| Sep 14, 1987 | First RepublicBank North Dallas, National Association | First RepublicBank North Dallas, National Association |
| Sep 14, 1987 | Colonial Savings Bank, National Association | SafraBank National Association |
| Sep 14, 1987 | First RepublicBank Addison | First RepublicBank North Dallas, National Association |
| Sep 11, 1987 | Montgomery County Postal Federal Credit Union | 3Hill Credit Union |
| Sep 11, 1987 | Grand Bank Stemmons at Regal Row, National Association | Grand Bank, National Association |
| Sep 11, 1987 | Purina Employees Credit Union | I a a Credit Union |
| Sep 11, 1987 | Weber Employees Credit Union | Meadows Credit Union |
| Sep 11, 1987 | Grand Bank - Woodall Rodgers, National Association | Grand Bank, National Association |
| Sep 11, 1987 | Grand Bank Central at Fitzhugh, National Association | Grand Bank, National Association |
| Sep 8, 1987 | Rankin County Bank | Trustmark Bank |
| Sep 8, 1987 | Metropolitan Federal Savings and Loan Association | The Bank of Baltimore |
| Sep 5, 1987 | Sun National Bank | Arizona Commerce Bank |
| Sep 4, 1987 | First RepublicBank in Las Colinas, National Association | First RepublicBank Las Colinas |
| Sep 3, 1987 | Coastal Holdings Corp. | New Hampshire Savings Bank Corporation |
| Sep 2, 1987 | American TR SVG BK FSB | Metropolitan Federal Savings and Loan ASSN. F.A. |
| Sep 2, 1987 | First RepublicBank in Carrollton | First RepublicBank Carrollton |
| Sep 1, 1987 | The Citizens and Southern Bank of Carrollton | NationsBank, National Association (South) |
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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