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 |
|---|---|---|
| Mar 1, 1990 | First National Bank of Louisiana | West Carroll National Bank of Oak Grove |
| Mar 1, 1990 | First Cheshire Bank | First NH Bank, National Association |
| Mar 1, 1990 | The Gauley National Bank | The Merchants National Bank of Montgomery |
| Mar 1, 1990 | Bi-Centennial Federal Credit Union | Morgantown a E S Federal Credit Union |
| Mar 1, 1990 | First American Bank of Frederic | Bremer Bank, National Association |
| Mar 1, 1990 | The Home Banking Company | The Fifth Third Bank of Northwestern Ohio, National Association |
| Mar 1, 1990 | Pittsburgh Gear Credit Union | Little Giant Federal Credit Union |
| Mar 1, 1990 | Nycoll Credit Union, Inc. | Taleris Credit Union, Inc. |
| Mar 1, 1990 | Ireco Employees Credit Union | Jordan Federal Credit Union |
| Mar 1, 1990 | Kca Guardian Angels Credit Union | Metropolitan Federal Credit Union |
| Feb 28, 1990 | Independence School Employees Credit Union, Inc. | Emerald Credit Union, Inc. |
| Feb 28, 1990 | Collegiate Cap and Gown Credit Union | Community Plus Federal Credit Union |
| Feb 28, 1990 | El Cerrito City Employees Credit Union | 1st Northern California Credit Union |
| Feb 27, 1990 | Acshecu Credit Union, Inc. | Tappan Community Credit Union, Inc. |
| Feb 27, 1990 | Georgia Peoples Bankshares, Incorporated | South Banking Company |
| Feb 27, 1990 | Writers Guild East Federal Credit Union | Actors Federal Credit Union |
| Feb 26, 1990 | (unnamed) | Bank One, West Virginia, National Association |
| Feb 26, 1990 | Chicopee Co-operative Bank | Westbank |
| Feb 24, 1990 | Ameritrust Bank, Boone County | Ameritrust National Bank, Central Indiana |
| Feb 24, 1990 | California City Bancorp | Commercebancorp |
| Feb 24, 1990 | California City Bank, National Association | Commercebank |
| Feb 24, 1990 | Valley Bank Peshtigo | M&I Bank Northeast |
| Feb 23, 1990 | Great Western Bank, National Association | Sterling Bank |
| Feb 22, 1990 | Oil City Postal Employees Credit Union | New Directions Community Credit Union |
| Feb 20, 1990 | First American Bank & Trust of Carrington | Bremer Bank, National Association |
| Feb 20, 1990 | First American Bank of Richardton | Bremer Bank, National Association |
| Feb 20, 1990 | First American Bank of Rugby | Bremer Bank, National Association |
| Feb 20, 1990 | First American Bank of Minnewaukan | Bremer Bank, National Association |
| Feb 20, 1990 | OmniBank of Connecticut, Inc. | New England Savings Bank |
| Feb 16, 1990 | First National Bank South | Alerus Financial, N.A. |
| Feb 11, 1990 | United Petroleum Credit Union, Inc. | Taleris Credit Union, Inc. |
| Feb 10, 1990 | First State Bank of Good Thunder | Minnstar Bank N.A. |
| Feb 10, 1990 | (unnamed) | Merchants Bank, N.A. |
| Feb 10, 1990 | Mississippi Educ Empl Fcu | Statewide Federal Credit Union |
| Feb 10, 1990 | First State Bank of Marionville | Security State Bank |
| Feb 9, 1990 | Bank of New England-South, National Association | Bank of New England, N.A. |
| Feb 9, 1990 | Bank of New England-North, National Association | Bank of New England, N.A. |
| Feb 9, 1990 | Bank of New England-Worcester | Bank of New England, N.A. |
| Feb 9, 1990 | Empirt 240th Street Barn Federal Credit Union | Empirt 207 Federal Credit Union |
| Feb 6, 1990 | PCK Employees Federal Credit Union | Fourleaf Federal Credit Union |
| Feb 5, 1990 | PB & D Federal Credit Union | People First Federal Credit Union |
| Feb 5, 1990 | Valley Bank Richfield | Valley Bank, Southeast |
| Feb 3, 1990 | Union Bank/Triumph | Centrue Bank |
| Feb 3, 1990 | First Virginia Properties Inc | First Virginia Bank-Southwest |
| Feb 2, 1990 | Insurance Industries Federal Credit Union | First City Credit Union |
| Feb 1, 1990 | Commbanc Shares, Inc. | KBT Bancshares, Inc. |
| Feb 1, 1990 | Team Bank, National Association | Team Bank |
| Feb 1, 1990 | Nutmeg Federal Credit Union | Science Park Federal Credit Union |
| Feb 1, 1990 | (unnamed) | First of America Bank-Illinois, National Association |
| Feb 1, 1990 | First of America Bank-Kankakee, National Association | First of America Bank-Metro Southwest, 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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