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 | Gasco Credit Union | Wheat State Credit Union |
| Jan 1, 1993 | Maas Fcu | Financial Federal Credit Union |
| Jan 1, 1993 | LCMT Federal Credit Union | Cross Valley Federal Credit Union |
| Jan 1, 1993 | First National Bank of Sturgeon Bay | Associated Bank, N.A. |
| Jan 1, 1993 | Shiawassee Credit Union | Sagelink Credit Union |
| Jan 1, 1993 | Electric Sprayit Employees Credit Union | Sheboygan Area Credit Union |
| Jan 1, 1993 | Healtheast Fcu | People First Federal Credit Union |
| Jan 1, 1993 | M.S.E.S. Federal Credit Union | Civic Central Credit Union |
| Jan 1, 1993 | Bank One, Plainfield, National Association | Bank One, Indiana, National Association |
| Jan 1, 1993 | Central Bank North Denver, National Association | Central Bank, National Association |
| Jan 1, 1993 | First Midwest/danville Investment Advisory Service, Inc. | First Midwest Bank/Danville, National Association |
| Jan 1, 1993 | Madison Financial Mortgage Company | First National Bank of Wheeling |
| Jan 1, 1993 | Ngemc Credit Union | Go Energy Financial Credit Union |
| Jan 1, 1993 | Sequor National Bank Texas | Bank of America Texas, National Association |
| Jan 1, 1993 | Logan Bancshares, Inc. | Golden Plains Bankshares, Inc. |
| Jan 1, 1993 | CBTC Holding Company, Inc. | Commercial Holding Company |
| Jan 1, 1993 | Newberry Holding, Inc. | University Bancorp, Inc. |
| Jan 1, 1993 | Calumet City Bancorp, Inc. | First State Bank of Calumet City |
| Jan 1, 1993 | Ackley Bancorporation | GNB Bancorporation |
| Jan 1, 1993 | Merchants National Corporation | National City Corporation |
| Jan 1, 1993 | Lafayette Bancshares, Inc. | Citizens Bancorporation of New Ulm, Inc. |
| Jan 1, 1993 | FCS Financial Corporation | Southeastern Bank Financial Corporation |
| Jan 1, 1993 | Palmer Bancorp, Incorporated | Old National Bancorp |
| Jan 1, 1993 | Volunteer Bancshares, Inc. | Bancorpsouth, Inc. |
| Jan 1, 1993 | Cottonport Bancshares, Inc. | Mansura Bancshares, Inc. |
| Jan 1, 1993 | Cen-La Bancshares, Inc. | Mansura Bancshares, Inc. |
| Jan 1, 1993 | M & M Financial Corporation | M&M Bancorp, Inc. |
| Jan 1, 1993 | Mid-America Leasing Corporation | Liberty Bancorp, Inc. |
| Jan 1, 1993 | Union Financial Corporation | Cbi-Central Kansas, Inc. |
| Jan 1, 1993 | First of Burlington Agency, Inc. | First Community Bankshares, Inc. |
| Jan 1, 1993 | Butler County Credit Union | Armco Credit Union |
| Jan 1, 1993 | Calaveras Gold Credit Union | Central State Credit Union |
| Jan 1, 1993 | Kraus-Pearlstein Lodge Fcu | Pannonia Federal Credit Union |
| Jan 1, 1993 | Chase Lincoln First Bank, N.A. | The Chase Manhattan Bank (National Association) |
| Jan 1, 1993 | Lester Alabama Fcu | Redstone Federal Credit Union |
| Jan 1, 1993 | Central Louisiana Bank & Trust Company, Inc. | The Cottonport Bank |
| Jan 1, 1993 | Papaaloa Federal Credit Union | Hamakua Federal Credit Union |
| Jan 1, 1993 | Cherry Creek National Bank - 17th Street | WestStar Bank |
| Jan 1, 1993 | Bank of Ysleta | First National Bank |
| Jan 1, 1993 | Citizens State Bank of Lafayette | Citizens Bank Minnesota |
| Jan 1, 1993 | Tri Cities Fed Empl Fcu | Listerhill Credit Union |
| Jan 1, 1993 | First American Bank of Watertown | Bremer Bank, National Association |
| Jan 1, 1993 | American Consolidated Credit Union | LegacyTexas Bank |
| Jan 1, 1993 | Muncie Federal Savings Bank | American National Bank and Trust Company of Muncie |
| Jan 1, 1993 | Covered Bridge Federal Credit Union | NJ Gateway Federal Credit Union |
| Jan 1, 1993 | Olton State Bank | FNB Lockney |
| Jan 1, 1993 | Harmony Federal Credit Union | Berkshire Federal Credit Union |
| Jan 1, 1993 | Lee Norse Federal Credit Union | Frick Financial Federal Credit Union |
| Jan 1, 1993 | La Salle Federal Credit Union | Tulane/loyola Federal Credit Union |
| Jan 1, 1993 | Santa Barbara Pomona Grange Federal Credit Union | Coasthills 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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