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 |
|---|---|---|
| Sep 1, 1987 | Div of Labor Empl Cu | First Commerce Credit Union |
| Sep 1, 1987 | Americana Bancorporation of Alden, Inc. | Excel Bank Corporation |
| Sep 1, 1987 | Americana Bancorporation of Danube, Inc. | Excel Bank Corporation |
| Sep 1, 1987 | Americana Bancorporation of Edina, Inc. | Excel Bank Corporation |
| Sep 1, 1987 | Colonial Bancorp, Inc. | Dauphin Deposit Corporation |
| Sep 1, 1987 | First State Bancshares, Inc. | First Union Corporation of Florida |
| Sep 1, 1987 | Lyons Bancorp, Inc. | Valley Bancorp, Inc. |
| Sep 1, 1987 | NBD Grand Valley Bank, National Association | NBD Grand Rapids, National Association |
| Sep 1, 1987 | Ferno-Washington Manufacturing Employees Credit Union, Inc. | Universal 1 Credit Union, Inc. |
| Sep 1, 1987 | First RepublicBank in Oak Cliff | First RepublicBank Oak Cliff |
| Sep 1, 1987 | The Manheim National Bank | Susquehanna Bank |
| Sep 1, 1987 | Lae-WC Federal Credit Union | Carter Federal Credit Union |
| Sep 1, 1987 | Aeronca Employees Credit Union, Inc. | River Valley Credit Union, Inc. |
| Sep 1, 1987 | SWK Federal Credit Union | Comtrust Federal Credit Union |
| Sep 1, 1987 | Mid-Am Credit Union | Affinity Credit Union |
| Sep 1, 1987 | Natchitoches Parish Federal Credit Union | La Capitol Federal Credit Union |
| Sep 1, 1987 | Teamsters Joint Council 10 Federal Credit Union | New England Teamsters Federal Credit Union |
| Sep 1, 1987 | Michigan Bank - Livingston | LaSalle Bank Midwest National Association |
| Sep 1, 1987 | Metrocrest Cu | LegacyTexas Bank |
| Sep 1, 1987 | Cotter Federal Credit Union | Alero Financial Credit Union |
| Sep 1, 1987 | Half Dollar Trust and Savings Bank | United National Bank - North |
| Sep 1, 1987 | Welco Credit Union | Credit Union of Colorado, a Federal Credit Union |
| Sep 1, 1987 | First State Bank of Pensacola | First Union National Bank of Florida |
| Sep 1, 1987 | Jaydon Employees Credit Union | Vibrant Credit Union |
| Sep 1, 1987 | Wheeling Postal Credit Union | West Virginia Central Federal Credit Union |
| Sep 1, 1987 | Iowa American Baptist Credit Union | Adelfi Credit Union dba Christian Community Credit Union |
| Sep 1, 1987 | Milwaukee Teachers Credit Union | Appletree Credit Union |
| Sep 1, 1987 | First RepublicBank Tyler | First Republicbank Tyler N.A. |
| Sep 1, 1987 | Saint Ignatius Sanford Federal Credit Union | Peopleschoice Credit Union |
| Sep 1, 1987 | NBD Evart Bank, National Association | NBD Cadillac Bank |
| Sep 1, 1987 | Abbott Ball Employees Federal Credit Union | Wiremold Federal Credit Union |
| Sep 1, 1987 | W E-L a Federal Credit Union | Purdue Federal Credit Union |
| Sep 1, 1987 | McDowell Industries Employees Credit Union | Southern Security Federal Credit Union |
| Sep 1, 1987 | BBF Employees Federal Credit Union | Affinia Federal Credit Union |
| Sep 1, 1987 | The Hernando Bank | Trustmark Bank |
| Sep 1, 1987 | First RepublicBank Barton Creek, National Association | First RepublicBank Westlake, National Association |
| Sep 1, 1987 | New Holland Farmers National Bank | Dauphin Deposit Bank and Trust Company |
| Sep 1, 1987 | Americana State Bank of Clara City | Citizens Alliance Bank |
| Sep 1, 1987 | Afro Amer Life Ins Co Empl Fcu | Community First Credit Union of Florida |
| Sep 1, 1987 | Cca Western Federal Credit Union | La Financial Federal Credit Union |
| Sep 1, 1987 | The Bank of St. Albans | One Valley Bank, National Association |
| Aug 31, 1987 | Harris County Bank-CY-Fair, N.A. | Harris County Bank-Houston, N.A. |
| Aug 31, 1987 | St. Louis County R-2 Credit Union | Vantage Credit Union |
| Aug 31, 1987 | Harris County Bank-Northwest, National Association | Harris County Bank-Houston, N.A. |
| Aug 31, 1987 | NBC Bank-Edinburg | NBC BK-Rio Grande Valley, N.A. |
| Aug 31, 1987 | Central Bank of Oxford, N.A. | Compass Bank of Calhoun County N.A. |
| Aug 29, 1987 | Southern Home SVG BK | Great Western Bank, a Federal Savings Bank |
| Aug 29, 1987 | United Jersey Bank/Fidelity Bank | United Jersey Bank/South, National Association |
| Aug 29, 1987 | Intrawest Bank of Fort Collins, N.A. | (unnamed) |
| Aug 29, 1987 | The Fifth Third Bank of Brown County | Fifth Third Bank, Ohio Valley |
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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