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 |
|---|---|---|
| Oct 1, 1990 | Potomac Bancorp, Inc. | WM Bancorp |
| Oct 1, 1990 | Arvin Employees Credit Union | Centra Credit Union |
| Oct 1, 1990 | Georgia Episcopal Fcu | The Southern Credit Union |
| Oct 1, 1990 | Metropolitan Federal Bank Minnesota Federal Savings Bank | First Bank, Federal Savings Bank |
| Oct 1, 1990 | Pilgrim Empl Fcu | Fort Gordon and Community Credit Union |
| Oct 1, 1990 | Statesman Insurance Employees Federal Credit Union | Forum Credit Union |
| Oct 1, 1990 | Rajco Credit Union, Inc. | C & O United Credit Union |
| Oct 1, 1990 | (unnamed) | The Shelby State Bank |
| Oct 1, 1990 | Greyhound Mid-America Credit Union | Mazuma Credit Union |
| Oct 1, 1990 | D a I Employees Federal Credit Union | North Side L Federal Credit Union |
| Oct 1, 1990 | First National Bank of Central Jersey | National Westminster Bank USA |
| Oct 1, 1990 | N.L.R. Uniformed Employees Federal Credit Union | Arkansas Federal Credit Union |
| Oct 1, 1990 | Maryland State Bank | Bank of Maryland |
| Oct 1, 1990 | (unnamed) | First of America Bank-Quad Cities, National Association |
| Oct 1, 1990 | Bank of Maryland - Montgomery County | Bank of Maryland |
| Oct 1, 1990 | Miami Childrens Hospital Credit Union | Tropical Financial Credit Union |
| Oct 1, 1990 | Rainier Federal Credit Union | Qualstar Credit Union |
| Oct 1, 1990 | Pirse Federal Credit Union | Fedchoice Federal Credit Union |
| Oct 1, 1990 | Bay National Bank | Bank of Maryland |
| Oct 1, 1990 | Junction State Bank | Bank of Athens |
| Oct 1, 1990 | First of America Bank-Ottawa | First of America Bank-DeKalb, National Association |
| Oct 1, 1990 | Aerovox Employees Credit Union | First Citizens Federal Credit Union |
| Oct 1, 1990 | Metropolitan Federal Bank of Iowa | First Bank, Federal Savings Bank |
| Oct 1, 1990 | Shenango Valley Federal Credit Union | Mercer County Community Federal Credit Union |
| Oct 1, 1990 | Cornerstone Bank | BayBank NH, National Association |
| Oct 1, 1990 | Marshall Field and Company Employees Credit Union | Bestsource Credit Union |
| Oct 1, 1990 | Firestone Factory Employees Credit Union, Inc. | B F G Federal Credit Union |
| Oct 1, 1990 | (unnamed) | Corestates Bank, National Association |
| Oct 1, 1990 | C T a General Office Federal Credit Union | North Side L Federal Credit Union |
| Oct 1, 1990 | Industrial Workers Fcu | Augusta Metro Federal Credit Union |
| Oct 1, 1990 | Bank of Oklahoma, Claremore | RCB Bank |
| Oct 1, 1990 | North Park Garage Federal Credit Union | 77th Street Depot Federal Credit Union |
| Oct 1, 1990 | C C East Federal Credit Union | Kinetic Credit Union |
| Oct 1, 1990 | Mcea West Virginia Federal Credit Union | Chessie Federal Credit Union |
| Oct 1, 1990 | Citrus CMNTY Fcu | Martin Federal Credit Union |
| Oct 1, 1990 | C&S Credit Union | Credit Union One |
| Oct 1, 1990 | Garrett Freightlines Employees Federal Credit Union | Rails West Federal Credit Union |
| Oct 1, 1990 | Anchor Savings and Loan Association | Citizens Financial Bank |
| Oct 1, 1990 | Wisconsin United Methodist Credit Union | Pioneer Credit Union |
| Oct 1, 1990 | LaSalle National Bank | LaSalle Bank National Association |
| Oct 1, 1990 | Citizens Credit Union | Genisys Credit Union dba Genisys Investment Services |
| Oct 1, 1990 | First America Bank - Mt. Pleasant | First of America Bank - Mid Michigan, National Association |
| Oct 1, 1990 | Caddo Parish Credit Union | Wesla Federal Credit Union |
| Sep 30, 1990 | Southern Humboldt Grangers Credit Union | Butte Federal Credit Union |
| Sep 30, 1990 | Shawsville Bancorp, Incorporated | Premier Bankshares Corporation |
| Sep 30, 1990 | Salon Credit Union | California Bear Credit Union |
| Sep 30, 1990 | Clark County Schools Credit Union, Inc. | Heartland Federal Credit Union |
| Sep 30, 1990 | The First National Bank of Boscobel | Clare Bank, N.A. |
| Sep 30, 1990 | Citizens State Bank | Clare Bank, N.A. |
| Sep 30, 1990 | The Bloomington State Bank | Clare Bank, N.A. |
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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