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 |
|---|---|---|
| Jun 24, 1993 | First Interstate Bancorp of Texas, Inc. | First Interstate Bancorp |
| Jun 24, 1993 | First Union National Bank of Tennessee | First Union National Bank of Tennessee |
| Jun 24, 1993 | Merchants and Planters Bank | First Union National Bank of Tennessee |
| Jun 24, 1993 | Citizens Union Bank | First Union National Bank of Tennessee |
| Jun 24, 1993 | Dominion Trust Company of Tennessee | First Union National Bank of Tennessee |
| Jun 23, 1993 | First Eastern Realty | First Eastern Bank, National Association |
| Jun 23, 1993 | First American Bank, National Association | First Union National Bank of Washington, D.C. |
| Jun 23, 1993 | Wausau Financial Corporation | Associated Banc-Corp |
| Jun 19, 1993 | Peoples Bank, National Association | Valley National Bank |
| Jun 19, 1993 | Gary-Wheaton Bank, National Association | Bank One, National Association |
| Jun 19, 1993 | Caldwell Savings Bank, Inc., S.S.B. | First-Citizens Bank & Trust Company |
| Jun 19, 1993 | Peoples Bancorp | Valley National Bancorp |
| Jun 19, 1993 | Moorhead Bank, National Association | Norwest Bank Minnesota West, National Association |
| Jun 18, 1993 | INB Banking Company, North | NBD Bank, National Association |
| Jun 18, 1993 | First National Corporation | Alerus Financial Corporation |
| Jun 18, 1993 | Citizens Bank of Henderson County | Citizens Bank of Kentucky, National Association |
| Jun 18, 1993 | Hampton Co-operative Bank | Mid Maine Savings Bank F.S.B. |
| Jun 18, 1993 | Merchants Bank (North) | First Fidelity Bank, National Association, Pennsylvania |
| Jun 18, 1993 | Merchants Bank, National Association | First Fidelity Bank, National Association, Pennsylvania |
| Jun 18, 1993 | INB National Bank, Northwest | NBD Bank, National Association |
| Jun 17, 1993 | Citizens Independent Bancorp | Synovus Financial Corp. of Alabama |
| Jun 16, 1993 | New Jersey Savings and Loan Association | Covenant Bank |
| Jun 16, 1993 | (unnamed) | Bankamerica National Trust Company |
| Jun 16, 1993 | First Fidelity Trust Company, New York | First Fidelity Bank, National Association |
| Jun 15, 1993 | Bank of New England Trust Company, N.A. | Island National Bank and Trust Company |
| Jun 14, 1993 | Overland Park Bancshares, Inc. | United Kansas Bancshares, Inc. |
| Jun 14, 1993 | Peoples State Bank | State Bank |
| Jun 12, 1993 | Columbia Savings Association, F.A. | First Bank, Federal Savings Bank |
| Jun 12, 1993 | American Hardware Mutual Employees Federal Credit Union | Topline Financial Credit Union |
| Jun 12, 1993 | Georgia Federal Bank, FSB | First Union National Bank of Georgia |
| Jun 12, 1993 | Royal Bank de Puerto Rico | Banco Bilbao Vizcaya Argentaria Puerto Rico |
| Jun 12, 1993 | Marquette Bank Minneapolis, National Association | U.S. Bank National Association |
| Jun 11, 1993 | Ocean National Bank | Summit Bank |
| Jun 11, 1993 | Ocean Investment Company | Summit Bank |
| Jun 11, 1993 | First National Agency of Baudette, Inc. | International Bancorporation, Inc. |
| Jun 11, 1993 | First of America Bank-DeKalb, National Association | First of America-North Central Illinois, National Association |
| Jun 10, 1993 | Houston Bancorporation, Inc. | Minowa Banshares, Inc. |
| Jun 7, 1993 | The First National Bank of Hamilton | The Citizens State Bank |
| Jun 5, 1993 | Sun Savings Association | First Heights Bank, FSB |
| Jun 4, 1993 | Berkeley Federal Savings Bank | Ocwen Federal Bank, FSB |
| Jun 4, 1993 | Mercantile Bank of Kansas, National Association | Firstar Bank, National Association |
| Jun 2, 1993 | State Bank of Redwood | Minnesota Valley Bank |
| Jun 2, 1993 | Mutual Building & Loan Association, F.A. | First Federal Bank |
| Jun 1, 1993 | First Home Federal Savings and Loan Association | Central Carolina Bank and Trust Company |
| Jun 1, 1993 | Valley Community Bank | Commonwealth Bank |
| Jun 1, 1993 | Stainless Employee Credit Union | Members First of Maryland Federal Credit Union |
| Jun 1, 1993 | Missouri Association Municipal Utilities Credit Union | Communityamerica Federal Credit Union |
| Jun 1, 1993 | First City, Incorporated | First Commercial Corporation |
| Jun 1, 1993 | Lincoln Banking Company, Ltd. | Community First Bankshares, Inc. |
| Jun 1, 1993 | Villa Rica Bancorp, Inc. | First National Bancorp |
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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