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 |
|---|---|---|
| Feb 18, 1994 | Andrew Jackson Savings Bank | SunTrust Bank, Tallahassee, National Association |
| Feb 17, 1994 | Pet Cu | Consumer Credit Union |
| Feb 16, 1994 | Independence Capital Corp. | Independence Bancorp, Inc. |
| Feb 16, 1994 | Kentucky Community Bancorp, Inc. | Trans Financial, Inc. |
| Feb 16, 1994 | Wynne Banc FSB | First National Bank of Eastern Arkansas |
| Feb 16, 1994 | Black Creek Fcu | Sunbelt Federal Credit Union |
| Feb 15, 1994 | Southtrust Bank of Decatur | SouthTrust Bank of Morgan County |
| Feb 12, 1994 | Old Stone Bank of North Carolina, A FSB | Truist Bank |
| Feb 12, 1994 | First National Financial Corporation | F & M Merger Corporation |
| Feb 12, 1994 | Citizens First National Bank of Genoa | Citizens First National Bank |
| Feb 11, 1994 | C a S a First Federal Credit Union | Caribe Federal Credit Union |
| Feb 11, 1994 | Commerce Bank of Tazewell County, National Association | Commerce Bank, National Association |
| Feb 11, 1994 | Commerce Bank of Woodford County, National Association | Commerce Bank, National Association |
| Feb 11, 1994 | Floridabank, a Federal Savings Bank | AmSouth Bank of Florida |
| Feb 8, 1994 | Donelson Hosp Fcu | Outreach Federal Credit Union |
| Feb 8, 1994 | Coats Hennessy Emplys Cu | United Federal Credit Union |
| Feb 7, 1994 | First Bank and Trust Company of Clay County, Indiana | First Bank and Trust |
| Feb 5, 1994 | American Security Bank, National Association | Maryland National Bank |
| Feb 5, 1994 | (unnamed) | First Security Bank of Nevada |
| Feb 5, 1994 | The Firestone Bank | Sky Bank |
| Feb 2, 1994 | Highland Federal Savings Bank | Home Federal Bank, a Federal Savings Bank |
| Feb 2, 1994 | United Postal Bancorp, Inc. | Ameribanc, Inc. |
| Feb 1, 1994 | Home State Bank and Trust Company | American National Bank |
| Feb 1, 1994 | Regency Bancshares Inc. | Truist Financial Corporation |
| Feb 1, 1994 | Business Banc of America, Inc. | Pinnacle Bancorp, Inc. |
| Feb 1, 1994 | Milam County Credit Union | Rockdale Federal Credit Union |
| Feb 1, 1994 | Citizens Bank Services, Inc. | Pinnacle Bancorp, Inc. |
| Feb 1, 1994 | Friendly Bank of Oklahoma City | Bank One, Oklahoma City |
| Feb 1, 1994 | Municipal Employees of Auburn Federal Credit Union | Community Credit Union |
| Feb 1, 1994 | Citizens Bank and Trust Company | Pinnacle Bank, National Association |
| Feb 1, 1994 | Southern Cmmnctns Fcu | Old Hickory Credit Union |
| Feb 1, 1994 | Johnson County Bank | American National Bank |
| Feb 1, 1994 | M&I Community First Bank | M&I Mid-State Bank |
| Feb 1, 1994 | M&I Peoples Bank | M&I Mid-State Bank |
| Feb 1, 1994 | Amico Credit Union | American 1 Credit Union |
| Feb 1, 1994 | Concord Postal Credit Union | New Hampshire Postal Credit Union |
| Feb 1, 1994 | Greenwich Federal Savings and Loan Association | First Union Bank of Connecticut |
| Jan 31, 1994 | Ryerson Pittsburgh Employees Federal Credit Union | Southwest Communities Federal Credit Union |
| Jan 31, 1994 | Republic Manufacturing Employees Credit Union, Inc. | Best Reward Federal Credit Union |
| Jan 31, 1994 | Saint Stephens Parish Federal Credit Union | Saint Colman & Affiliates Federal Credit Union |
| Jan 31, 1994 | Saint Jay Federal Credit Union | Tremont Credit Union |
| Jan 31, 1994 | Apple Bancorp, Inc. | Apple Bank |
| Jan 31, 1994 | L C F E Federal Credit Union | Cardinal Federal Credit Union |
| Jan 31, 1994 | Warren, Pennsylvania United States Employees Federal Credit Union | N F G #2 Federal Credit Union |
| Jan 31, 1994 | V-T Federal Credit Union | North Jersey Federal Credit Union |
| Jan 29, 1994 | Mountaineer Bankshares of W. VA., Inc. | One Valley Bancorp, Inc. |
| Jan 29, 1994 | The Village Bank of St. Louis County | Colonial Bank |
| Jan 29, 1994 | The First Savings Bank, FSB | Southern National Bank of South Carolina |
| Jan 28, 1994 | Bank of Healdton | First Bank & Trust Company |
| Jan 28, 1994 | First Performance National Bank | Compass Bank |
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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