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 |
|---|---|---|
| Jul 30, 1994 | Mid-Atlantic Bankcorp | Fulton Financial Corporation |
| Jul 30, 1994 | Bank of Hayward | Metro Commerce Bank |
| Jul 30, 1994 | Bank of Athens, National Association | First State Bank |
| Jul 30, 1994 | First National Bank in Wheeler | Wellington State Bank |
| Jul 30, 1994 | Conservation Credit Union | Advantage Credit Union |
| Jul 30, 1994 | Citizens Federal Savings Bank | Trans Financial Bank of Tennessee, Federal Savings Bank |
| Jul 29, 1994 | Union Federal Savings Bank of Frankton | Union Federal Bank of Indianapolis |
| Jul 29, 1994 | First Columbus Community Bank & Trust Company | SouthTrust Bank of Columbus, National Association |
| Jul 27, 1994 | First Properties, Inc. | FB Corporation |
| Jul 25, 1994 | Herget Acquisition Corporation | Herget Financial Corp. |
| Jul 23, 1994 | Brewster National Bank | Farmers Bank & Trust |
| Jul 23, 1994 | South County Bank | Central Bank of Boone County |
| Jul 22, 1994 | Country National Bank | Tri Counties Bank |
| Jul 22, 1994 | The Citizens Bank | Bank South |
| Jul 22, 1994 | Citizens Express Company | Bank South Corporation |
| Jul 21, 1994 | Adam Bank Group, Inc. | Adam Bank Group, Inc. |
| Jul 16, 1994 | Home Federal Savings and Loan Association of Ada | Commercial Federal Bank, a Federal Savings Bank |
| Jul 16, 1994 | Heartfed Financial Corporation | U.S. Bancorp |
| Jul 16, 1994 | American Ban Corporation | First Security Corporation |
| Jul 16, 1994 | United Jersey Bank/Central, National Association | Summit Bank |
| Jul 16, 1994 | Franklin County Bank | Regions Bank of Tennessee |
| Jul 16, 1994 | American Bank of Commerce | First Security Bank of Idaho, National Association |
| Jul 16, 1994 | United Jersey Bank/South, National Association | Summit Bank |
| Jul 16, 1994 | United California Savings Bank | Cenfed Bank, a Federal Savings Bank |
| Jul 15, 1994 | Firstar Bank Racine | Firstar Bank Milwaukee, National Association |
| Jul 15, 1994 | First National Bank | First State Bank and Trust, National Association |
| Jul 14, 1994 | Merchant Bank of Florida | Fort Brooke Bank |
| Jul 11, 1994 | The Citizens State Bank of Waterville | The Citizens State Bank |
| Jul 11, 1994 | Citizens Bancshares of Waterville, Inc. | Community Bancshares of Marysville, Inc. |
| Jul 11, 1994 | Johnstown Interim Bank | Ameriserv Financial Bank |
| Jul 9, 1994 | Bank of Hinsdale | Bank One, National Association |
| Jul 9, 1994 | Lake Shore National Bank | Bank One, National Association |
| Jul 9, 1994 | Lake Shore Bancorp, Inc. | First Chicago Corporation |
| Jul 8, 1994 | First Fayette Bancshares, Inc. | Regions Financial Corporation |
| Jul 8, 1994 | Norwest Bank Minnesota West, National Association | Norwest Bank Minnesota West, National Association |
| Jul 8, 1994 | Homebanc Federal Savings Bank | SouthTrust Bank of Georgia, National Association |
| Jul 8, 1994 | The First Bank of Fayette | Regions Bank |
| Jul 8, 1994 | Citizens Union Bank | First State Bank |
| Jul 7, 1994 | Pacific Trust Company | Comerica Bank-California |
| Jul 5, 1994 | North Georgia National Bank | Bank of North Georgia |
| Jul 5, 1994 | The Home State Building, Inc. | First National Bank Shares, Ltd. |
| Jul 5, 1994 | Urban Bancshares, Inc. | First National Bank Shares, Ltd. |
| Jul 1, 1994 | Portage Schools Credit Union, Inc. | Towpath Credit Union |
| Jul 1, 1994 | Tobacco Credit Union | Summit Credit Union |
| Jul 1, 1994 | Newtown Federal Credit Union | Trumark Credit Union |
| Jul 1, 1994 | Borden Plant Employees Federal Credit Union | Truliant Federal Credit Union |
| Jul 1, 1994 | First National Bank at Gallitzin | Mainline National Bank |
| Jul 1, 1994 | Richmond Credit Union | 1st Northern California Credit Union |
| Jul 1, 1994 | Zonolite Employees Credit Union | Lincoln County Credit Union |
| Jul 1, 1994 | Farmers Bank and Trust Company of Hanover | Dauphin Deposit Bank and Trust Company |
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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