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 |
|---|---|---|
| May 13, 1994 | Warren Bancshares, Inc. | Frandsen Financial Corporation |
| May 13, 1994 | Parkway Bank | AmSouth Bank of Florida |
| May 13, 1994 | Spencer Workers Federal Credit Union | Empire One Federal Credit Union |
| May 13, 1994 | Citizens National Bank of Naples | AmSouth Bank of Florida |
| May 13, 1994 | Greenville Soraco Federal Credit Union | Member One Federal Credit Union |
| May 12, 1994 | The Savings Bank of Rockland County | First Fidelity Bank, National Association |
| May 12, 1994 | Mapleton Bancshares, Inc. | Citizens Bank Group, Inc. |
| May 12, 1994 | Kamyr Employees Federal Credit Union | Hudson River Community Credit Union |
| May 10, 1994 | Burlington Hawkeye Employees Credit Union | Casebine Community Credit Union |
| May 9, 1994 | Gulf Shores Bank | (unnamed) |
| May 8, 1994 | Walker Die Casting Employee Credit Union | Ascend Federal Credit Union |
| May 7, 1994 | RMD Federal Credit Union | Oxford Federal Credit Union |
| May 7, 1994 | South Shore Bank | Fleet National Bank |
| May 6, 1994 | Forest Lake State Bank | Wells Fargo Bank Minnesota, National Association |
| May 6, 1994 | The Walnut Valley Corporation | Cbi-Central Kansas, Inc. |
| May 6, 1994 | Security Bank, National Association | Compass Bank |
| May 4, 1994 | Bankers Financial Corporation | Leeds Holding Company |
| May 3, 1994 | Plaza National Bank of Bartlesville | BOKF, N.A. |
| May 3, 1994 | Edgemark Financial Corporation | Old Kent-Illinois, Inc. |
| May 2, 1994 | Capital Bancorp | Banc One Arizona Corporation |
| May 2, 1994 | Greenbrier County Schools Employees Federal Credit Union | Pioneer Appalachia Federal Credit Union |
| May 2, 1994 | Capital City Bank | Bank One, Utah, National Association |
| May 2, 1994 | Seymour Housewares Employees Federal Credit Union | Centra Credit Union |
| May 1, 1994 | National Bank of Commerce of Lake Charles | Bank One, Louisiana, National Association |
| May 1, 1994 | Heekin Can (Ancor) Employees Credit Union, Inc. | Heekin Can Employees Credit Union, Inc. |
| May 1, 1994 | Concho Bancshares, Inc. | First Financial Bankshares of Delaware, Inc. |
| May 1, 1994 | Tridair Employees Federal Credit Union | Kinecta Federal Credit Union |
| May 1, 1994 | Saint Peters-Saint Marys Credit Union, Inc. | Universal 1 Credit Union, Inc. |
| May 1, 1994 | Kraft Employees Credit Union | Quorum Federal Credit Union |
| May 1, 1994 | Lakeland Credit Union, Inc. | Cardinal Credit Union, Inc. |
| May 1, 1994 | Saint Marie Federal Credit Union | Dirigo Federal Credit Union |
| May 1, 1994 | Norlanco Federal Credit Union | Lanco Federal Credit Union |
| May 1, 1994 | Tennessee National Bank | Union Planters Bank, National Association |
| May 1, 1994 | Chase Bank of Arizona | Wells Fargo Bank of Arizona, National Association |
| May 1, 1994 | S J C Federal Credit Union | Purdue Federal Credit Union |
| May 1, 1994 | La Grange Federal Savings and Loan Association | First of America Bank-Metro Southwest, National Association |
| May 1, 1994 | T R C a Federal Credit Union | First Class American Credit Union |
| May 1, 1994 | Joliet Blue Flame Federal Credit Union | New Century Federal Credit Union |
| Apr 30, 1994 | The Bank of the West | Wells Fargo Bank Texas, National Association |
| Apr 30, 1994 | Rio Salado Bancorp, Inc. | Zions Bancorporation |
| Apr 30, 1994 | Security State Bank of Hammond | Minnwest Bank Metro |
| Apr 30, 1994 | Elrosa State Bank | North American State Bank |
| Apr 30, 1994 | (unnamed) | National City Bank, Northeast |
| Apr 30, 1994 | Constellation Bank, National Association | New Jersey National Bank |
| Apr 30, 1994 | Nationsbank of DC, National Association | NationsBank, National Association |
| Apr 30, 1994 | UMB Security State Bank | UMB Bank Kansas, National Association |
| Apr 30, 1994 | UMB North Plaza State Bank | UMB Bank Kansas, National Association |
| Apr 30, 1994 | Valley Credit Union, Inc. | Desco Federal Credit Union |
| Apr 30, 1994 | Republic National Bank | Carolina First Bank |
| Apr 30, 1994 | The Miners and Mechanics Savings and Trust Company | National City Bank, Northeast |
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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