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 |
|---|---|---|
| Jan 28, 1994 | Virginia Federal Savings Bank | Crestar Bank |
| Jan 28, 1994 | Western Bank | Western Bank |
| Jan 28, 1994 | Penn Central Bancorp, Inc. | Omega Financial Corporation |
| Jan 24, 1994 | Hoosier Refinery Employees Federal Credit Union | Indiana Members Credit Union |
| Jan 22, 1994 | United Federal Savings Bank | PNC Bank, N.A. |
| Jan 22, 1994 | Winchester Bancorporation | ANB Corporation |
| Jan 22, 1994 | Idaho State Bank | U. S. Bank of Idaho |
| Jan 20, 1994 | First Federal Savings and Loan Association of Peru | First Federal Savings Bank of Kokomo |
| Jan 18, 1994 | The Montrose County Bank | The Citizens State Bank of Ouray |
| Jan 15, 1994 | Farmers State Bank of Mellette | American Bank & Trust |
| Jan 15, 1994 | (unnamed) | National Bank of Arizona |
| Jan 15, 1994 | National Bancorp of Arizona Inc. | Zions Bancorporation |
| Jan 15, 1994 | South Okeechobee Community Development Federal Credit Union | Everglades Federal Credit Union |
| Jan 14, 1994 | First United Bank Group, Inc. | GST Co. |
| Jan 13, 1994 | First State Bank of the Oaks | First Interstate Bank of California |
| Jan 11, 1994 | First Fidelity Bank, National Association, Pennsylvania | First Fidelity Bank, National Association, New Jersey |
| Jan 11, 1994 | Elmwood Bancorp, Inc. | Keystone Financial, Inc. |
| Jan 10, 1994 | Pioneer Bancshares, Inc. | Pioneer Bancshares, Inc |
| Jan 10, 1994 | Bradford Banking Company | Peoples National Bank of Kewanee |
| Jan 10, 1994 | Bradford Bancorp, Inc. | Peoples Financial Corp. of Illinois, Inc. |
| Jan 10, 1994 | Oregon Federal Credit Union | Sun Federal Credit Union |
| Jan 10, 1994 | Harper Bancshares, Inc. | American National Bancshares of Wichita |
| Jan 8, 1994 | Mondamin Savings Bank | The First National Bank |
| Jan 8, 1994 | WM Bancorp | Keystone Financial, Inc. |
| Jan 8, 1994 | Heart of Illinois Bank, F.S.B. | Citizens First National Bank |
| Jan 7, 1994 | Pecor Employees Federal Credit Union | First Choice Federal Credit Union |
| Jan 7, 1994 | Co-Op Federal Credit Union | Onenebraska Federal Credit Union |
| Jan 7, 1994 | Sun Bank of Pasco County | Suntrust Bank, Nature Coast |
| Jan 7, 1994 | High Plains Agri-Credit Corporation | Community First National Bank |
| Jan 7, 1994 | Lenhard Land and Livestock Company, Inc. | Community First National Bank |
| Jan 6, 1994 | South Indiana United Methodist Federal Credit Union | Kemba Indianapolis Credit Union |
| Jan 5, 1994 | O'Neill Properties, Inc. | South Dakota Financial Bancorporation, Inc. |
| Jan 4, 1994 | Hamakua Mill Federal Credit Union | North Hawaii Community Federal Credit Union |
| Jan 4, 1994 | FirstBank Holding Company | Amquest Financial Corp. |
| Jan 4, 1994 | Affiliated Banks Service Company | Banc One Colorado Corporation |
| Jan 4, 1994 | Firstbank of Marietta | Exchange National Bank and Trust Company |
| Jan 3, 1994 | The First National Bank of Atlanta | The First National Bank of Hughes Springs |
| Jan 3, 1994 | Sunwest Merger Corporation | Boatmen's Sunwest, Inc. |
| Jan 3, 1994 | Sunwest Acquisition Corporation | Boatmen's Sunwest, Inc. |
| Jan 3, 1994 | Metro Bancorporation | Mercantile Bancorporation Inc. of Iowa |
| Jan 2, 1994 | Rainwood Corporation | Cornerstone Bank Group, Inc. |
| Jan 2, 1994 | Thuman Corporation | Unibanc Corp. |
| Jan 2, 1994 | Treleco, Inc. | Unibanc Corp. |
| Jan 1, 1994 | (unnamed) | Wells Fargo Bank West, National Association |
| Jan 1, 1994 | The Bank of Wadestown | One Valley Bank of Marion County, National Association |
| Jan 1, 1994 | Danielson Federal Savings and Loan Association | New London Trust, FSB |
| Jan 1, 1994 | First American Bank | BancFirst |
| Jan 1, 1994 | Norwest Bank Littleton, National Association | Wells Fargo Bank West, National Association |
| Jan 1, 1994 | Safety-Kleen Federal Credit Union | Alero Financial Credit Union |
| Jan 1, 1994 | Valley Bank and Trust Company | 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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