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 |
|---|---|---|
| Apr 2, 1990 | Horizon Savings Association | Northwest Bank |
| Apr 2, 1990 | Charmglow Employees Credit Union | Siu Credit Union |
| Apr 2, 1990 | The Hudson State Bank | UMB Security State Bank |
| Apr 2, 1990 | R W a Y Credit Union | Sheboygan Area Credit Union |
| Apr 2, 1990 | Federal Employees Marion Indiana Federal Credit Union | Indiana Members Credit Union |
| Apr 2, 1990 | Woodburn Bancorp | Seafirst Corporation |
| Apr 1, 1990 | McBee Systems Credit Union | Goldenwest Federal Credit Union |
| Apr 1, 1990 | TG Lee Cu | Addition Financial Credit Union |
| Apr 1, 1990 | Mobil Employees Oklahoma City Federal Credit Union | Pegasus Community Credit Union |
| Apr 1, 1990 | Danville Bank Corporation | Fulton Financial Corporation |
| Apr 1, 1990 | The Taiyo Kobe Bank, Ltd. | The Sakura Bank, Limited |
| Apr 1, 1990 | Posey Bancorporation | CNB Bancshares, Inc. |
| Apr 1, 1990 | The State Bank of Bentley | The Halstead Bank |
| Apr 1, 1990 | League City National Bank | Merchants Bank |
| Apr 1, 1990 | Union Underwear Company Employees Credit Union | Transcend Credit Union |
| Apr 1, 1990 | Penmetal Federal Credit Union | Blennerhassett Federal Credit Union |
| Apr 1, 1990 | Mountain West Trades Credit Union | Idaho Central Credit Union |
| Apr 1, 1990 | Bux-Mont Machinists Federal Credit Union | People First Federal Credit Union |
| Apr 1, 1990 | K M I Employees Credit Union | Members First Credit Union |
| Apr 1, 1990 | Peoples National Bank | First Bank & Trust East Texas |
| Apr 1, 1990 | Extrudo Midwest Employees Federal Credit Union | Alero Financial Credit Union |
| Apr 1, 1990 | Equity Credit Union | Premier Financial Credit Union |
| Apr 1, 1990 | Jasper County Credit Union | Joplin Metro Credit Union |
| Apr 1, 1990 | Cleveland V.A.M.C. Federal Credit Union | Century Federal Credit Union |
| Apr 1, 1990 | Chidieco Credit Union | Central Credit Union of Illinois |
| Apr 1, 1990 | Harris Hub Employees Federal Credit Union | Sherwin Williams Employees Credit Union |
| Apr 1, 1990 | Brown Transportation Empl Fcu | The Southern Credit Union |
| Apr 1, 1990 | Antelope Valley Savings and Loan Association | Homefed Bank, Federal Association |
| Apr 1, 1990 | Grady Teachers Fcu | Five Star Credit Union |
| Apr 1, 1990 | Metro Health Employees Federal Credit Union | I B E W Local 56 Federal Credit Union |
| Apr 1, 1990 | Alvin Community Bank, National Association | Merchants Bank |
| Apr 1, 1990 | Santone Credit Union | Select Federal Credit Union |
| Apr 1, 1990 | New Haven Municipal Employees Federal Credit Union | Crosspoint Federal Credit Union |
| Apr 1, 1990 | Southern State Bank | Merchants Bank |
| Apr 1, 1990 | Federation Credit Union | Arkansas Federal Credit Union |
| Apr 1, 1990 | A & S Employees Federal Credit Union | Wesla Federal Credit Union |
| Apr 1, 1990 | Balboa Federal Credit Union | North Island Financial Credit Union |
| Apr 1, 1990 | Western Indiana-Belt Credit Union | Bell West Community Credit Union |
| Apr 1, 1990 | Torrey Pines Bank | Wells Fargo Bank, N.A. |
| Apr 1, 1990 | Northwest Industrial Credit Union | Kalsee Credit Union |
| Apr 1, 1990 | The Souhegan National Bank of Milford | Nashua Trust Company |
| Apr 1, 1990 | Columbia Central Labor Council Credit Union | Columbia Credit Union |
| Apr 1, 1990 | K&B Empl Fcu | Onpath Federal Credit Union |
| Apr 1, 1990 | Granite Bank, National Association | Granite Bank |
| Apr 1, 1990 | California Real Estate Credit Union | Sacramento Credit Union |
| Apr 1, 1990 | BDS Employees Credit Union | Allied Federal Credit Union |
| Apr 1, 1990 | Floyd Med Cen Empl Fcu | Lge Community Credit Union |
| Apr 1, 1990 | Jha Federal Credit Union | Fairfield Federal Credit Union |
| Apr 1, 1990 | First National Bank of Indiana | First National Bank of Indiana |
| Apr 1, 1990 | First of America Bank - Frankenmuth | First of America Bank - Mid Michigan, National Association |
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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