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 1, 1993 | Fulco Federal Credit Union | People First Federal Credit Union |
| Jan 1, 1993 | Alpha Credit Union | First Harvest Federal Credit Union |
| Jan 1, 1993 | The First National Bank of Hinsdale | First Community Bank |
| Jan 1, 1993 | Citizens Bank | Sycamore Bank |
| Jan 1, 1993 | United National Bank - North | United Bank |
| Jan 1, 1993 | Saint Marys Fredericksburg Federal Credit Union | Saint Joseph's Credit Union |
| Jan 1, 1993 | Santee Cooper State Bank | South State Bank |
| Jan 1, 1993 | United National Bank - Central | United Bank |
| Jan 1, 1993 | Westinghouse Federal Bank, A Federal Savings Bank | First Financial Bank |
| Jan 1, 1993 | N W Suburban Postal Credit Union | Sourceone Credit Union |
| Jan 1, 1993 | Island Trust Company the | Newport Federal Savings Bank |
| Jan 1, 1993 | Citizens State Bank | Volunteer Bank |
| Jan 1, 1993 | Bloomington Bank & Trust | Citizens Bank of Central Indiana |
| Jan 1, 1993 | Peoples Bank of Bartow County | First National Bank of Northwest Georgia |
| Jan 1, 1993 | (unnamed) | Volunteer Bank |
| Jan 1, 1993 | First National Bank of Selmer | Volunteer Bank |
| Jan 1, 1993 | (unnamed) | Norwest Bank New Mexico Northeast, National Association |
| Jan 1, 1993 | Nabisco Brands Empl Federal Credit Union | Allegacy Federal Credit Union |
| Jan 1, 1993 | First State Bank of Marlin | Citizens State Bank |
| Jan 1, 1993 | Travelers Express Company Federal Credit Union | Firefly Federal Credit Union |
| Jan 1, 1993 | (unnamed) | Boatmen's National Bank of Oklahoma |
| Jan 1, 1993 | Bi-County Postal Federal Employees Credit Union | Valley Oak Credit Union |
| Jan 1, 1993 | Saint Conrads Society Federal Credit Union | Choice One Community Federal Credit Union |
| Jan 1, 1993 | Tempcraft Federal Credit Union | Firefighters Community Cu |
| Jan 1, 1993 | Teamsters Local 327 Cu | Heritage Credit Union |
| Jan 1, 1993 | Bank of Nebraska-Omaha | Bank of Nebraska |
| Jan 1, 1993 | Soldier Valley Savings Bank | Community Bank |
| Jan 1, 1993 | Bristol Myers Products Employ Federal Credit Union | B-M S Federal Credit Union |
| Jan 1, 1993 | Mobil Mining and Minerals Federal Credit Union | Magnify Credit Union |
| Jan 1, 1993 | H D District No 5 Credit Union | S.C. State Federal Credit Union |
| Jan 1, 1993 | Wayne Employees Credit Union | Perfect Circle Credit Union |
| Jan 1, 1993 | Mansura State Bank, Mansura, Louisiana | The Cottonport Bank |
| Jan 1, 1993 | Peoples Credit Union | Harvard Community Credit Union |
| Jan 1, 1993 | Colonial National Bank | Colonial Savings, F.A. |
| Jan 1, 1993 | Gas-El Federal Credit Union | I C Federal Credit Union |
| Jan 1, 1993 | Saint Michaels Credit Union | KC Fairfax Federal Credit Union |
| Jan 1, 1993 | First Federal of Elgin, F.S.A. | Old Kent Bank |
| Jan 1, 1993 | Chattanooga Gas Co Cu | Mutual Savings Credit Union |
| Jan 1, 1993 | First Federal Savings and Loan Association | United Postal Savings Association |
| Jan 1, 1993 | Leon Valley Bank | Jefferson Bank |
| Jan 1, 1993 | First American Bank of Warren | Bremer Bank, N.A. |
| Jan 1, 1993 | Southwest Bank & Trust | Capital City Bank |
| Jan 1, 1993 | Motor Coach Federal Credit Union | Rivermark Community Credit Union |
| Jan 1, 1993 | Central Bank Glenwood Springs, National Association | Central Bank, National Association |
| Jan 1, 1993 | Lodge 2212 Credit Union | Middle Tennessee Federal Credit Union |
| Jan 1, 1993 | The First National Bank of Logan | First National Bank and Trust |
| Jan 1, 1993 | P D Winfield Federal Credit Union | Usx Federal Credit Union |
| Jan 1, 1993 | Elgin Postal Employees Credit Union | Kane County Teachers Credit Union |
| Jan 1, 1993 | Bristol Federal Savings Bank | Eagle Bank |
| Jan 1, 1993 | Pittsburgh Forgings Federal Credit Union | IBM Pittsburgh 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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