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 |
|---|---|---|
| Jun 1, 1994 | West Towns Employees Federal Credit Union | North Side L Federal Credit Union |
| Jun 1, 1994 | DML Trevose Federal Credit Union | American Heritage Federal Credit Union |
| Jun 1, 1994 | Mosler Employees Credit Union, Inc. | Chaco Credit Union, Inc. |
| Jun 1, 1994 | The Farmers Guaranty State Bank of Kennard | West Side Bank and Trust |
| Jun 1, 1994 | Sah Employees Credit Union, Inc. | Kemba Financial Credit Union, Inc. |
| Jun 1, 1994 | Omaha Employees Credit Union | Valley Credit Union |
| Jun 1, 1994 | Lasalle County Postal Credit Union | Financial Plus Credit Union |
| Jun 1, 1994 | Nabisco Employees Federal Credit Union | South Division Credit Union |
| Jun 1, 1994 | Procter & Gamble Employees Federal Credit Union | Heritage Community Credit Union |
| Jun 1, 1994 | State Bank of Cascade | National Exchange Bank and Trust |
| Jun 1, 1994 | Mesquite National Bank | Wells Fargo Bank Texas, National Association |
| Jun 1, 1994 | Meridian Star Empl Fcu | 1st Mississippi Federal Credit Union |
| Jun 1, 1994 | Lockley Federal Credit Union | GNC Community Federal Credit Union |
| Jun 1, 1994 | The Federal Savings Bank | MidConn Bank |
| Jun 1, 1994 | Suncoast Fcu | Gte Federal Credit Union dba Gte Financial |
| May 31, 1994 | Granada Bankshares, Inc. | Coloeast Bankshares, Inc. |
| May 31, 1994 | Valley Bancorporation | M&I LLC |
| May 31, 1994 | Holly Bankshares, Inc. | Coloeast Bankshares, Inc. |
| May 31, 1994 | The First National Bank in Madison | Magna Bank, National Association |
| May 31, 1994 | Buffalo Bank Corporation | Sturm Banks of Wyoming, Inc. |
| May 31, 1994 | Emprise Bank, National Association | Bank IV, National Association |
| May 29, 1994 | Liberty Bank & Trust | United Bank of Iowa |
| May 28, 1994 | First State Bank | Centennial Bank |
| May 28, 1994 | Genesee County Employees Credit Union | Family Community Credit Union |
| May 28, 1994 | Worcester County Institution for Savings | Fleet National Bank |
| May 28, 1994 | Citizens Trust and Savings Bank | Chemical Bank Shoreline |
| May 27, 1994 | Massillon Postal Credit Union, Inc. | Friends and Family Credit Union |
| May 26, 1994 | Equity Bank for Savings, F.A. | Boatmen's National Bank of Oklahoma |
| May 26, 1994 | Calumet Investment Company | Mesaba Bancshares, Inc. |
| May 26, 1994 | American National Agency, Inc. | Mesaba Bancshares, Inc. |
| May 26, 1994 | Farmers and Merchants Bank | Citizens Bank, National Association |
| May 25, 1994 | SCHD District 3 Credit Union | S.C. State Federal Credit Union |
| May 23, 1994 | Platte Valley Bank | Valley Bank & Trust |
| May 23, 1994 | Peoples Bancorp of Worcester, Inc. | Shawmut Service Corporation |
| May 23, 1994 | Peoples Savings Bank | Fleet National Bank of Massachusetts |
| May 21, 1994 | Genoa State Bank | Bank of Ontario |
| May 21, 1994 | Frontier Bank of Denver | Mountain Parks Bank-East |
| May 21, 1994 | M. H. A. Credit Union | Memphis Municipal Employees Federal Credit Union |
| May 20, 1994 | First of America Bank-Security | First of America Bank-Southeast Michigan, National Association |
| May 20, 1994 | Community First Bank | Wells Fargo Trust Company, N.A. |
| May 19, 1994 | Rand McNally Credit Union of Indianapolis | Family Horizons Credit Union |
| May 19, 1994 | Somerset County Federal Credit Union | County Excellence Federal Credit Union |
| May 17, 1994 | Norwest State Bank | Wells Fargo Bank South Dakota, N.A. |
| May 16, 1994 | OMNIBANK Denver | OMNIBANK Southeast |
| May 16, 1994 | J. N. Beaty and Company, Bankers | Community Banks of Southern Colorado |
| May 16, 1994 | Fairlawn Credit Union | Coastal1 Credit Union |
| May 16, 1994 | People's Equity Credit Union | Land of Lincoln Credit Union |
| May 16, 1994 | OMNIBANK Leetsdale | OMNIBANK Southeast |
| May 14, 1994 | Pennyrile Bancshares, Inc. | CBT Corporation |
| May 13, 1994 | Gsa-NY Federal Credit Union | Xcel 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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