Mergers by Year
Bank Mergers in 1994
The Federal Reserve's National Information Center (NIC) recorded 1,234 merger records involving a bank, credit union or bank holding company in 1994. 655 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 1,201 in 1993.
655
Banks acquired
1 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 1994
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1994 | First of America Bank-Ann Arbor | — | National City Bank of the Midwest |
| Dec 31, 1994 | Compass Bank | — | Compass Bank |
| Dec 31, 1994 | First of America Bank-Metro Southwest, National Association | — | First of America Bank-Illinois, National Association |
| Dec 31, 1994 | First of America Bank - Springfield, National Association | — | First of America Bank-Illinois, National Association |
| Dec 31, 1994 | Boca Bank | — | Intercontinental Bank, National Association |
| Dec 31, 1994 | First of America Bank-Central | — | National City Bank of the Midwest |
| Dec 31, 1994 | Grayson County State Bank | — | American Bank of Texas |
| Dec 31, 1994 | First of America Bank - Mid Michigan, National Association | — | National City Bank of the Midwest |
| Dec 31, 1994 | The Bank of Greeley | — | Keybank National Association |
| Dec 31, 1994 | American National Bank of Pottsboro | — | American Bank of Texas |
| Dec 31, 1994 | First of America Bank-Southeast Michigan, National Association | — | National City Bank of the Midwest |
| Dec 31, 1994 | First of America Bank-Upper Peninsula, National Association | — | National City Bank of the Midwest |
| Dec 31, 1994 | First of America Bank-Champion, National Association | — | First of America Bank-Illinois, National Association |
| Dec 31, 1994 | First of America Bank-Champaign, National Association | — | First of America Bank-Illinois, National Association |
| Dec 31, 1994 | First State Bank and Trust Company | — | Capital One, N.A. |
Every merger recorded in 1994
1,234 NIC merger records in 1994 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Aug 16, 1994 | United National Corporation | United National Corporation |
| Aug 16, 1994 | Sterling Bancshares Corporation | Fleetboston Financial Corporation |
| Aug 16, 1994 | Sterling Bank | Fleet Bank of Massachusetts, National Association |
| Aug 15, 1994 | OMNIBANK Arvada | OMNIBANK Southeast |
| Aug 15, 1994 | OMNIBANK University Hills | OMNIBANK Southeast |
| Aug 13, 1994 | The Lincoln Savings Bank, FSB | Anchor Savings Bank, FSB |
| Aug 12, 1994 | C.B. Bancshares, Inc. | Mark Twain Bancshares, Inc. |
| Aug 11, 1994 | (unnamed) | Bank Midwest, N.A. |
| Aug 11, 1994 | Handy Andy Employee Federal Credit Union | Credit Human Federal Credit Union |
| Aug 8, 1994 | Bedford National Bank | First National Bank of Grapevine |
| Aug 6, 1994 | Shadow Lawn Savings Bank, SLA | Santander Bank, N.A. |
| Aug 5, 1994 | Edgecomb Homestead Savings Bank, Inc., SSB | First-Citizens Bank & Trust Company |
| Aug 4, 1994 | Brunswick Federal Credit Union | Teachers Federal Credit Union |
| Aug 4, 1994 | Lockwood Banc Group, Incorporated | Comerica Texas Incorporated |
| Aug 3, 1994 | Erick Bancorporation, Inc. | Erick Bancshares, Inc. |
| Aug 1, 1994 | M&I Wauwatosa State Bank | M&I Marshall and Ilsley Bank |
| Aug 1, 1994 | (unnamed) | M&I Lake Country Bank |
| Aug 1, 1994 | Hometown Bancshares, Inc. | Commercial Bancshares, Incorporated |
| Aug 1, 1994 | M&I Greater Waukesha | M&I Lake Country Bank |
| Aug 1, 1994 | First Bancorp of Louisiana, Inc. | Hibernia Corporation |
| Aug 1, 1994 | First Continental Bancshares, Inc. | Hibernia Corporation |
| Aug 1, 1994 | The First National Bank of Kensington | Farmers National Bank |
| Aug 1, 1994 | Ridgewood Area Schools Credit Union | Leyden Credit Union |
| Aug 1, 1994 | First National Bank of West Monroe | Capital One, N.A. |
| Aug 1, 1994 | Flagg Employees Federal Credit Union | Tri County Area Federal Credit Union |
| Aug 1, 1994 | Chevron Socal Credit Union | Chevron Federal Credit Union |
| Aug 1, 1994 | First National Bank of Jefferson Parish | Capital One, N.A. |
| Aug 1, 1994 | Valley Bank | M&I Bank of Southern Wisconsin |
| Aug 1, 1994 | Southern National Bank at Tallulah | Capital One, N.A. |
| Aug 1, 1994 | Capital Savings Bank, Federal Savings Bank | Washington Federal Savings Bank |
| Aug 1, 1994 | M&I Greater Milwaukee Bank | M&I Marshall and Ilsley Bank |
| Aug 1, 1994 | Mid Maine Savings Bank F.S.B. | TD Bank, N.A. |
| Aug 1, 1994 | Bay Savings Bank FSB | First Federal of Michigan |
| Aug 1, 1994 | MidAmerica Bank Stoughton | MidAmerica Bank |
| Aug 1, 1994 | Alliance National Bank and Trust Company | First National Bank |
| Aug 1, 1994 | Wassaic Federal Credit Union | Bridgeway Federal Credit Union |
| Aug 1, 1994 | Merced Bank of Commerce | Valliwide Bank |
| Aug 1, 1994 | Husser Community Credit Union | La Capitol Federal Credit Union |
| Aug 1, 1994 | Valley Bank, Menomonie | M&I Community State Bank |
| Aug 1, 1994 | Pierce County Bank and Trust Company | M&I Community State Bank |
| Aug 1, 1994 | Industrial Credit Union of Nashville | Old Hickory Credit Union |
| Aug 1, 1994 | Valley Bank | M&I Marshall and Ilsley Bank |
| Aug 1, 1994 | A&P Tea Federal Credit Union | Suburban Federal Credit Union |
| Aug 1, 1994 | Bancflorida, A Federal Savings Bank | First Union National Bank of Florida |
| Jul 31, 1994 | E P B P Federal Credit Union | Garden Savings Federal Credit Union |
| Jul 31, 1994 | T & B Federal Credit Union | L'Oreal USA Federal Credit Union |
| Jul 31, 1994 | Augusta Financial Group, Inc. | Wells Fargo Bank Texas, National Association |
| Jul 31, 1994 | Midwest Insurance Services, Inc. | Bank Midwest, Minnesota Iowa, National Association |
| Jul 30, 1994 | Southern Ocean State Bank | Sun National Bank |
| Jul 30, 1994 | Frankford Corporation | Keystone Financial, Inc. |
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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