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 |
|---|---|---|
| Feb 1, 1990 | Norwest Bank Northfield | Norwest Bank Minnesota South, N.A. |
| Feb 1, 1990 | Centerville State Bank | First Bank Katy, National Association |
| Feb 1, 1990 | Mobilehome Owners Federal Credit Union | Patriots Federal Credit Union |
| Feb 1, 1990 | Angelina National Bank | Ubank |
| Feb 1, 1990 | Hamburg Savings and Trust Company | Keystone Financial Bank, National Association |
| Feb 1, 1990 | Live Stock State Bank | Cortrust Bank N.A. |
| Feb 1, 1990 | Gadsden Fcu | Winsouth Credit Union |
| Feb 1, 1990 | Saint Joseph Parish Credit Union | Kane County Teachers Credit Union |
| Feb 1, 1990 | Orscheln Industries Federal Credit Union | United Credit Union |
| Feb 1, 1990 | Abrasive Products Employees Credit Union, Inc. | Your Legacy Federal Credit Union |
| Feb 1, 1990 | Heritage Credit Union | Catholic and Community Credit Union |
| Feb 1, 1990 | Miller and Rhodes Federal Credit Union | Partners Financial Federal Credit Union |
| Feb 1, 1990 | Acushnet Company Employees Credit Union | First Citizens Federal Credit Union |
| Feb 1, 1990 | St. Cabrini Federal Credit Union | Ume Federal Credit Union |
| Feb 1, 1990 | Malpais Federal Credit Union | MT. Taylor Federal Credit Union |
| Jan 31, 1990 | Mersman Employees Federal Credit Union | First Choice Credit Union Inc |
| Jan 31, 1990 | Catholic Diocese of Cleveland Employees Federal Credit Union | Saint Colman & Affiliates Federal Credit Union |
| Jan 31, 1990 | Palo Alto Credit Union | Excite Credit Union |
| Jan 30, 1990 | Park Forest Bancorporation, Inc. | Firstar Corporation of Illinois |
| Jan 30, 1990 | Park Forest Holdings, Inc. | Firstar Corporation of Illinois |
| Jan 29, 1990 | Saint Joseph Hosptial Reading Federal Credit Union | Riverfront Federal Credit Union |
| Jan 29, 1990 | Florida National Banks of Florida, Inc. | First Union Corporation of Florida |
| Jan 29, 1990 | D.E. Federal Credit Union | Riverfront Federal Credit Union |
| Jan 27, 1990 | American Hardware Employees Federal Credit Union | United Business & Industry Federal Credit Union |
| Jan 26, 1990 | Western Community Bank | KeyBank National Association |
| Jan 25, 1990 | Hugo Bankshares, Inc. | Sooner Southwest Bankshares, Inc. |
| Jan 25, 1990 | Community Bancorporation, Inc. | Sooner Southwest Bankshares, Inc. |
| Jan 22, 1990 | Sovran Bank/Hickman County | NationsBank of Tennessee, National Association |
| Jan 20, 1990 | Valley Bank Richland Center | M&I Bank Southwest |
| Jan 20, 1990 | Bank of Myrtle Point | Western Bank |
| Jan 20, 1990 | Valley Bank, Sauk Prairie | M&I Bank Southwest |
| Jan 19, 1990 | Northwest Florida Banking Corporation | Synovus Financial Corp. |
| Jan 19, 1990 | Illini Federal Savings and Loan Association | First Financial Bank |
| Jan 18, 1990 | Markhon Federal Credit Union | Hometown Federal Credit Union |
| Jan 18, 1990 | Equitable Bancorporation | MNC Financial, Inc. |
| Jan 16, 1990 | Northern Kentucky Trustcorp, Inc. | Provident Financial Group, Inc. |
| Jan 13, 1990 | First State Savings Bank | Central State Bank |
| Jan 13, 1990 | Citizens Holding Company | NBANK.CORP |
| Jan 13, 1990 | Middleborough Savings Bank | Plymouth Savings Bank |
| Jan 13, 1990 | Twin Falls Bank & Trust Company | First Security Bank of Idaho, National Association |
| Jan 12, 1990 | Nawsuco Credit Union | Carolina Cooperative Federal Credit Union |
| Jan 11, 1990 | Vernon Chapel Credit Union | Motor City Co-Op Credit Union |
| Jan 10, 1990 | NB&BC Federal Credit Union | The Atlantic Federal Credit Union |
| Jan 10, 1990 | Crestwood Banking Company, Ltd. | National Processing Company |
| Jan 8, 1990 | Maynard Savings Bansharescorp | Fayette Bancorporation |
| Jan 6, 1990 | Connecticut Community Bank | Gateway Bank |
| Jan 6, 1990 | Wolfeboro National Bank | First Central Bank |
| Jan 5, 1990 | Clark County Employees Credit Union, Inc. | Incenta Federal Credit Union |
| Jan 5, 1990 | Trustcorp, Inc. | Keycorp |
| Jan 4, 1990 | Philadelphia Custom House Employees Federal Credit Union | American Heritage Federal Credit Union |
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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