Mergers by Year
Bank Mergers in 1990
The Federal Reserve's National Information Center (NIC) recorded 973 merger records involving a bank, credit union or bank holding company in 1990. 431 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 971 in 1989.
431
Banks acquired
3 bought by a credit union
0
Credit unions merged
NIC, credit unions as the acquired side
119
Holding companies
Bank holding companies merged
Largest bank mergers of 1990
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1990 | Southland Bank of Dothan | — | Southland Bank b/b/a Ameris |
| Dec 31, 1990 | Dominion Bank of Northern Virginia, National Association | — | First Union National Bank of Virginia |
| Dec 31, 1990 | Bank of New England - Old Colony, National Association | — | Bank of New England, N.A. |
| Dec 30, 1990 | Airport State Bank of Duluth | — | North Shore Bank of Commerce |
| Dec 29, 1990 | First Bank & Trust | — | UMB-First Bank & Trust, National Association |
| Dec 29, 1990 | Safrabank | — | SafraBank National Association |
| Dec 29, 1990 | Dominion Bank of Richmond, National Association | — | First Union National Bank of Virginia |
| Dec 28, 1990 | Mercantile Bank of Washington County | — | Mercantile Bank of the Mineral Area |
| Dec 22, 1990 | First National Bank | — | Emprise Bank, National Association |
| Dec 19, 1990 | The Peoples Bank of Harrington | — | Wilmington Trust Company |
| Dec 17, 1990 | Security State Bank | — | United Bank of Bismarck |
| Dec 16, 1990 | State Savings Bank, National Association | — | Fleet National Bank |
| Dec 15, 1990 | Norwest National Bank | — | Wells Fargo Bank Minnesota, National Association |
| Dec 15, 1990 | Shawmut Bank of Rhode Island | — | State Savings Bank, National Association |
| Dec 15, 1990 | First Interstate Bank of Spencer, National Association | — | Boatmen's National Bank of Northwest Iowa |
Every merger recorded in 1990
973 NIC merger records in 1990 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Jun 1, 1990 | Saint Pius X Credit Union | Fox Communities Credit Union |
| Jun 1, 1990 | Suburban National Bank of Woodfield | Harris Bank Palatine, National Association |
| Jun 1, 1990 | Borden Pittsburgh Employees Federal Credit Union | Southwest Communities Federal Credit Union |
| Jun 1, 1990 | NBD Commerce Bank | Bank One, Michigan |
| Jun 1, 1990 | Roseland Community Hospital Credit Union | Healthcare Associates Credit Union |
| Jun 1, 1990 | Mendocino County Grangers Credit Union | Redwood Credit Union |
| Jun 1, 1990 | Oawa Credit Union, Inc. | Wright-Patt Credit Union, Inc. |
| Jun 1, 1990 | State Bank of Cornland | State Bank of Lincoln |
| Jun 1, 1990 | Warren County Federal Savings and Loan Association | Montgomery Savings, A Federal Savings Association |
| May 31, 1990 | Northbay Federal Credit Union | Solano First Federal Credit Union |
| May 31, 1990 | Southtrust of Tampa, Inc. | Southtrust of Florida, Incorporated |
| May 31, 1990 | Southtrust of Jacksonville, Inc. | Southtrust of Florida, Incorporated |
| May 31, 1990 | Southtrust of Pinellas County Incorporated | Southtrust of Florida, Incorporated |
| May 31, 1990 | Marshmac Employees Federal Credit Union | Xceed Financial Credit Union |
| May 31, 1990 | Superior Federal Credit Union | Horizon Credit Union |
| May 30, 1990 | CSB, Inc. | INB Financial Corporation |
| May 29, 1990 | Independent Savings Bank | Metropolitan Bank and Trust Company |
| May 26, 1990 | Hunt County Teachers Credit Union | Northeast Texas Teachers Federal Credit Union |
| May 25, 1990 | Peace River Cu | Floridacentral Credit Union |
| May 21, 1990 | (unnamed) | Bank of the West |
| May 20, 1990 | Central Bank & Trust | Kansas State Bank and Trust Company |
| May 19, 1990 | First Virginia Bank of the Cumberlands | First Vantage Bank /Tri-Cities |
| May 19, 1990 | First Virginia Bank - South | First Virginia Bank - Piedmont |
| May 18, 1990 | Barnett Bank of Suwannee Valley, National Association | Barnett Bank of North Central Florida |
| May 18, 1990 | Carolina Mountain Bank | Bank of America, N.A. |
| May 16, 1990 | I. U. O. E. Local 66 District 1 Federal Credit Union | Freedom United Federal Credit Union |
| May 16, 1990 | North Holding Company, Inc. | Mid-Wisconsin Financial Services, Inc. |
| May 16, 1990 | Paramount Empl Cu | Ascend Federal Credit Union |
| May 15, 1990 | Cromwell Financial Corp. | Premier Financial Corp. |
| May 14, 1990 | First American Bank of Aurora | The Merchants National Bank of Aurora |
| May 14, 1990 | The Town & Country Bank | Somerset Trust Company |
| May 12, 1990 | University of Maine Student Federal Credit Union | University Credit Union |
| May 11, 1990 | First Federal Savings and Loan Association of Suffern | Sterling National Bank |
| May 9, 1990 | Flat Top Bankshares Inc | First Community Bankshares, Inc. |
| May 9, 1990 | First Community Bancshares Inc | First Community Bankshares, Inc. |
| May 7, 1990 | Wyandotte Ban Corporation | First American Bancshares, Inc. |
| May 7, 1990 | Kansas Bancorporation, Inc. | First American Bancshares, Inc. |
| May 7, 1990 | (unnamed) | Bank One, Monticello |
| May 5, 1990 | First Federal Savings and Loan Association | Homefed Bank, Federal Association |
| May 3, 1990 | The Manhattan Savings Bank | Republic Bank for Savings, N.A. |
| May 3, 1990 | Sears Cleveland Employees Federal Credit Union | Steel Valley Federal Credit Union |
| May 1, 1990 | SCL Empl Fcu | Atlantic Coast Bank |
| May 1, 1990 | Farmers and Merchants Bank of Berger | Bay-Hermann-Berger Bank |
| May 1, 1990 | Bourns Employees Credit Union | Ace Community Credit Union |
| May 1, 1990 | Mentor City Federal Credit Union | L C E Federal Credit Union |
| May 1, 1990 | U S Playing Card Employees Federal Credit Union | Wright-Patt Credit Union, Inc. |
| May 1, 1990 | Columbia Savings and Loan Association of Pittsburgh | Pittsburgh Savings Bank |
| May 1, 1990 | Unigard Employees Federal Credit Union | Qualstar Credit Union |
| May 1, 1990 | Proctor and Gamble Chicago Credit Union | Sherwin Williams Employees Credit Union |
| May 1, 1990 | Fidelity Federal Savings and Loan Association | Indiana Bank and Trust Company |
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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