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 |
|---|---|---|
| Oct 4, 1993 | First Edmond Bancshares, Inc. | Liberty Bancorp, Inc. |
| Oct 3, 1993 | East Cleveland School Employees Credit Union, Inc. | Steel Valley Federal Credit Union |
| Oct 2, 1993 | Tri-County Banking Co. | Citizens Bank |
| Oct 1, 1993 | First FS&LA | Meritrust Federal Savings Bank |
| Oct 1, 1993 | PSB Building Company | Bank One, Michigan |
| Oct 1, 1993 | Harbor Federal Credit Union | Star Harbor Federal Credit Union |
| Oct 1, 1993 | INB Business Development Corporation | NBD Bank, National Association |
| Oct 1, 1993 | Republic Bank S.E. | Republic Bank |
| Oct 1, 1993 | Royal Bank Group, Inc. | Citizens Republic Bancorp, Inc. |
| Oct 1, 1993 | The Coastal Bank | Commerce Bank, National Association |
| Oct 1, 1993 | Bruce Bancshares, Inc. | Dairyland Bancorp, Inc. |
| Oct 1, 1993 | Monticello Bancshares, Inc. | Marquette Financial Companies |
| Oct 1, 1993 | M & D Holding Company | Wells Fargo & Company |
| Oct 1, 1993 | Indiana Acceptance Inc | NBD Bank, National Association |
| Oct 1, 1993 | Citadel Finance Inc | NBD Indiana, Inc. |
| Oct 1, 1993 | Tfac Inc | NBD Indiana, Inc. |
| Oct 1, 1993 | NBD Building Company | Bank One, Michigan |
| Oct 1, 1993 | MNC Financial, Inc. | Bank of America Corporation |
| Oct 1, 1993 | Western Carolina Federal Credit Union | Anderson Federal Credit Union |
| Oct 1, 1993 | Salado National Bank | First State Bank Central Texas |
| Oct 1, 1993 | Self Reliance Jersey City Federal Credit Union | Selfreliance Federal Credit Union |
| Oct 1, 1993 | Catholic Cemetaries Dio of Cleve Employees Federal Credit Union | Saints Margaret & Gregory Federal Credit Union |
| Oct 1, 1993 | First State Bank of Charlevoix | CB North |
| Oct 1, 1993 | Our Lady Queen of the Angels Federal Credit Union | New Community Federal Credit Union |
| Oct 1, 1993 | BWW Credit Union | Southern Energy Credit Union |
| Oct 1, 1993 | Higbee Company Employees Credit Union | Genfed Financial Credit Union, Inc. |
| Oct 1, 1993 | Af of M Local 174 Fcu | New Orleans Firemens Federal Credit Union |
| Oct 1, 1993 | Texas Commerce Bank N.A. | Wells Fargo Bank Texas, National Association |
| Oct 1, 1993 | Boddie-Noell Enterprises Credit Union | Freedom Federal Credit Union |
| Oct 1, 1993 | Duty Free Shoppers Federal Credit Union | Pearl Hawaii Federal Credit Union |
| Oct 1, 1993 | Republic Bank-North | Republic Bank |
| Oct 1, 1993 | Citizens Bank | Community First National Bank |
| Oct 1, 1993 | Orau Empl Fcu | Ornl Federal Credit Union |
| Oct 1, 1993 | 7213 Telco Credit Union | Topline Financial Credit Union |
| Oct 1, 1993 | Tarheels Federal Credit Union | Carolina Cooperative Federal Credit Union |
| Oct 1, 1993 | Republic Bank Ann Arbor | Republic Bank |
| Oct 1, 1993 | Advantage Bank for Savings | Pioneer Financial, A Cooperative Bank |
| Oct 1, 1993 | The Third National Bank of Sandusky | National City Bank |
| Oct 1, 1993 | WCCH Fcu | Access of Louisiana Federal Credit Union |
| Oct 1, 1993 | Republic Bank - Central | Republic Bank |
| Oct 1, 1993 | Northern Metal Company Fcu | Mayfair Federal Credit Union |
| Oct 1, 1993 | Sinco Credit Union | Advancial Federal Credit Union |
| Oct 1, 1993 | Charlton Credit Union | Webster First Federal Credit Union |
| Oct 1, 1993 | Oregon Standby Credit Union | Rivermark Community Credit Union |
| Oct 1, 1993 | International Bank, National Association | International Bank of Commerce |
| Oct 1, 1993 | Liberty National Bank of Lexington | Bank One, Kentucky, National Association |
| Oct 1, 1993 | National City Bank, Norwalk | National City Bank |
| Oct 1, 1993 | Suncoast Cu | Space Coast Credit Union |
| Oct 1, 1993 | Pipe Trades and Electrical Workers Credit Union of San Mateo County | Monterra Credit Union |
| Oct 1, 1993 | Saint Joan of Arc Kokomo Federal Credit Union | Indiana Heartland 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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