Mergers by Year
Bank Mergers in 1993
The Federal Reserve's National Information Center (NIC) recorded 1,201 merger records involving a bank, credit union or bank holding company in 1993. 613 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 1,066 in 1992.
613
Banks acquired
2 bought by a credit union
0
Credit unions merged
NIC, credit unions as the acquired side
207
Holding companies
Bank holding companies merged
Largest bank mergers of 1993
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1993 | Canton Savings Bank, SSB | — | RBC Bank (USA) |
| Dec 31, 1993 | The City National Bank | — | Magna Bank, National Association |
| Dec 31, 1993 | CrossLand Savings, FSB | — | CrossLand Federal Savings Bank |
| Dec 31, 1993 | Commercial Trust Bank | — | Intercontinental Bank, National Association |
| Dec 31, 1993 | Bank of Tulsa | — | Liberty Bank and Trust Company of Tulsa, National Association |
| Dec 31, 1993 | Robeson Savings Bank, Inc., SSB | — | RBC Bank (USA) |
| Dec 31, 1993 | First American Federal Savings and Loan Association | — | Colonial Bank |
| Dec 31, 1993 | First American Federal Savings and Loan Association | — | Colonial Bank of Tennessee |
| Dec 31, 1993 | First Charlotte Bank and Trust Company | — | RBC Bank (USA) |
| Dec 30, 1993 | Peoples Westchester Savings Bank | — | First Fidelity Bank, National Association |
| Dec 29, 1993 | Williamsburg Building and Loan Company | — | The National Bank and Trust Company |
| Dec 29, 1993 | New East Bank of Goldsboro | — | Triangle Bank |
| Dec 29, 1993 | New East Bank of Greenville | — | Triangle Bank |
| Dec 29, 1993 | First Bank and Trust Company | — | Central Bank of Tampa |
| Dec 29, 1993 | New East Bank of New Bern | — | Triangle Bank |
Every merger recorded in 1993
1,201 NIC merger records in 1993 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Jul 1, 1993 | Affiliated Food Employee Federal Credit Union | Earning Tree Federal Credit Union |
| Jul 1, 1993 | C.S.E.A. #116 Credit Union | The Golden 1 Credit Union |
| Jul 1, 1993 | Magna Bank of St. Charles County, St. Charles, MO. | (unnamed) |
| Jul 1, 1993 | F T D Employees Credit Union | Vibe Credit Union |
| Jul 1, 1993 | Farmers State Bank | Associated Bank, N.A. |
| Jul 1, 1993 | Manistee County Federal Credit Union | 4Front Credit Union |
| Jul 1, 1993 | Texas Commerce Banks | JPMorgan Chase Bank, N.A. |
| Jul 1, 1993 | Bailey Federal Credit Union | Lighthouse Federal Credit Union |
| Jul 1, 1993 | Massey-Ferguson Racine Employees Credit Union | Mcu Financial Center Credit Union |
| Jul 1, 1993 | Florida Consol Fcu | Launch Credit Union |
| Jul 1, 1993 | First State Bank of Gilman, Incorporated | Rural American Bank - Foley |
| Jul 1, 1993 | Kraft Empl Cu | Georgia United Credit Union |
| Jul 1, 1993 | Corbin Deposit Bank & Trust Company | Cumberland Valley National Bank & Trust Company |
| Jul 1, 1993 | Champion Federal Savings and Loan Association | First of America Bank-Champion, National Association |
| Jul 1, 1993 | Salem Carpet Credit Union | Georgia United Credit Union |
| Jul 1, 1993 | Res Federal Credit Union | Freedom First Federal Credit Union |
| Jul 1, 1993 | Magna Bank of Central Illinois, National Association | Magna Bank, National Association |
| Jul 1, 1993 | Sundstrand Denver Federal Credit Union | Colorado United Credit Union |
| Jul 1, 1993 | Marin Federal Credit Union | Redwood Credit Union |
| Jul 1, 1993 | M & H Federal Credit Union | Walker County Federal Credit Union |
| Jul 1, 1993 | Magna Bank of Madison County | Magna Bank, National Association |
| Jul 1, 1993 | (unnamed) | Magna Bank, National Association |
| Jul 1, 1993 | (unnamed) | The Royall National Bank of Palestine |
| Jul 1, 1993 | Sopac Credit Union | California Bear Credit Union |
| Jul 1, 1993 | Ibew Local 861 Federal Credit Union | Spelc Federal Credit Union |
| Jul 1, 1993 | Astoria Plywood Federal Credit Union | TLC Federal Credit Union |
| Jul 1, 1993 | Family Bank of Commerce | Valley of the Rogue Bank |
| Jul 1, 1993 | Utica Employees Federal Credit Union | Umico Federal Credit Union |
| Jul 1, 1993 | Saint Patricks Bryan Federal Credit Union | Northwestern Federal Credit Union |
| Jul 1, 1993 | Magna Bank of Southern Illinois | Magna Bank, National Association |
| Jul 1, 1993 | City Bank and Trust Company | Sunflower Bank, N.A. |
| Jul 1, 1993 | Signal Federal Credit Union | Schools Financial Credit Union |
| Jul 1, 1993 | Bank of Findlay | Shelby County State Bank |
| Jun 30, 1993 | R. C. I. U. Erie Federal Credit Union | Ufcw Local 23 Federal Credit Union |
| Jun 30, 1993 | Nabisco Hot Cereal Employees Credit Union | Topline Financial Credit Union |
| Jun 30, 1993 | Caribbean Federal Savings Bank of PR | R-G Premier Bank of Puerto Rico |
| Jun 30, 1993 | Republic Bancshares, Inc. | Regions Financial Corporation |
| Jun 30, 1993 | Pilgrim State Bank | The Ramapo Bank |
| Jun 30, 1993 | Home Federal Savings Bank | Key Bank of Colorado |
| Jun 29, 1993 | Union Colony Bank of Loveland, National Association | Union Colony Bank |
| Jun 28, 1993 | Murry's Federal Credit Union | Money One Federal Credit Union |
| Jun 28, 1993 | CNB Financial Corporation | United Kansas Bancshares, Inc. |
| Jun 26, 1993 | PNC Bank, Northeast PA | PNC Bank, N.A. |
| Jun 26, 1993 | Valley Bank, Southeast | Valley Bank |
| Jun 26, 1993 | First National Bank of Bad Axe | Signature Bank |
| Jun 26, 1993 | White Eagle Federal Savings Bank | First Home Savings Bank, FSB |
| Jun 25, 1993 | Home Federal Bank, FSB | First Horizon Bank |
| Jun 25, 1993 | CB&T Financial Corp | Huntington Bancshares West Virginia, Inc. |
| Jun 25, 1993 | Plano East National Bank | Compass Bank-Dallas |
| Jun 25, 1993 | Farmers' Stock Bank | Boonslick Bank |
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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