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 |
|---|---|---|
| Jan 31, 1993 | Sargent Employees Federal Credit Union | Financial Partners Credit Union |
| Jan 31, 1993 | District 11 T H D & Public Employees Credit Union | Genco Federal Credit Union |
| Jan 30, 1993 | First Federal Savings Bank | Southern National Bank of North Carolina |
| Jan 30, 1993 | Mayflower Financial Corporation | Valley National Bancorp |
| Jan 30, 1993 | Anderson Banking Company | National City Bank of Indiana |
| Jan 30, 1993 | The National Bank of Greenwood | National City Bank of Indiana |
| Jan 30, 1993 | Mayflower Savings Bank SLA | Valley National Bank |
| Jan 30, 1993 | Elston Bank & Trust Company | National City Bank of Indiana |
| Jan 26, 1993 | The Bank of Parker | First United Bank, National Association |
| Jan 26, 1993 | Uniwest Federal Credit Union | Orange County's Federal Credit Union |
| Jan 26, 1993 | J & J Federal Credit Union | Essex Division Telephone Federal Credit Union |
| Jan 25, 1993 | First Highland Corp. | FirstBank of Illinois Co. |
| Jan 25, 1993 | Gwinnett Financial Corporation | Button Gwinnett Financial Corporation |
| Jan 23, 1993 | Lexington Bancshares, Inc. | Peoples Mid-Illinois Corporation |
| Jan 23, 1993 | Lexington Bank | Commerce Bank |
| Jan 22, 1993 | Womens Federal Savings Bank | Charter One Bank, National Association |
| Jan 21, 1993 | Middlebury Co-Op Credit Union | Vermont Federal Credit Union |
| Jan 21, 1993 | Homestead FSB | Republic Security Bank |
| Jan 21, 1993 | The First National Bank of Nicholson | Community Bank & Trust Company |
| Jan 20, 1993 | Cornerstone Bank, National Association | Compass Bank-Dallas |
| Jan 19, 1993 | St. Thomas of Aquinas Credit Union | 1st City Credit Union |
| Jan 19, 1993 | Keystone State Bank | Gainesville State Bank |
| Jan 16, 1993 | United Nebraska Bank, Grant | Pinnacle Bank, National Association |
| Jan 16, 1993 | Harmonia Savings Bank | Santander Bank, N.A. |
| Jan 16, 1993 | Equimark Corporation | Integra Financial Corporation |
| Jan 16, 1993 | First of Charlevoix Corp. | CB Financial Corporation |
| Jan 16, 1993 | Harmonia Bancorp, Inc. | Sovereign Bancorp, Inc. |
| Jan 16, 1993 | OnBank & Trust Co. of Albany | OnBank & Trust Co. |
| Jan 15, 1993 | Tri-County Bank & Trust | First Bank National Association |
| Jan 15, 1993 | Puget Sound Bancorp | Key Bancshares of Washington, Inc. |
| Jan 15, 1993 | Bank South, Federal Savings Bank | The First National Bank of Harrisburg |
| Jan 15, 1993 | Puget Sound Bank | KeyBank National Association |
| Jan 15, 1993 | The San Juan County Bank | KeyBank National Association |
| Jan 15, 1993 | Bellingham Bank | KeyBank National Association |
| Jan 13, 1993 | Peoples Bank of Kansas | Patriots Bank |
| Jan 11, 1993 | Koppers Pittsburgh Employees Federal Credit Union | Tri-Point Federal Credit Union |
| Jan 11, 1993 | Cream O'Weber Federal Credit Union | Wasatch Peaks Federal Credit Union |
| Jan 9, 1993 | Nimrod Enterprises, Inc. | Frandsen Financial Corporation |
| Jan 9, 1993 | The Gilmanton Co. | Frandsen Financial Corporation |
| Jan 8, 1993 | Rocky Mountain Bankshares, Inc. | Norwest Colorado, Inc. |
| Jan 5, 1993 | Battle Lake Bancshares, Inc. | Henning Bancshares, Inc. |
| Jan 5, 1993 | Jennings Union Bankcorp | First Financial Bancorp |
| Jan 4, 1993 | Johnson County Bankshares, Inc. | Mercantile Acquisition Corporation of Kansas I |
| Jan 4, 1993 | Woonsocket Postal Employees Credit Union | Coastal1 Credit Union |
| Jan 4, 1993 | V a F H Maryland Federal Credit Union | BUCS Federal Bank |
| Jan 4, 1993 | Standard Products Employees Federal Credit Union | Commodore Perry Federal Credit Union |
| Jan 4, 1993 | Wellsburg Banking and Trust Company | Progressive Bank, N.A. |
| Jan 4, 1993 | RDC Employees Federal Credit Union | Americu Credit Union |
| Jan 4, 1993 | Cape Cod Womens Credit Union | First Citizens Federal Credit Union |
| Jan 2, 1993 | Saint Patrick's Fall River Federal Credit Union | St. Anne's 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.
Explore: all mergers · 1993 bank events · browse by acquirer · bank failures · all events