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

Credit unions merged

NIC, credit unions as the acquired side

207

Holding companies

Bank holding companies merged

1,234

All merger records

1994 in US banking ›

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	State	Assets	Acquirer
Dec 31, 1994	First of America Bank-Ann Arbor	MI	—	National City Bank of the Midwest
Dec 31, 1994	Compass Bank	FL	—	Compass Bank
Dec 31, 1994	First of America Bank-Metro Southwest, National Association	IL	—	First of America Bank-Illinois, National Association
Dec 31, 1994	First of America Bank - Springfield, National Association	IL	—	First of America Bank-Illinois, National Association
Dec 31, 1994	Boca Bank	FL	—	Intercontinental Bank, National Association
Dec 31, 1994	First of America Bank-Central	MI	—	National City Bank of the Midwest
Dec 31, 1994	Grayson County State Bank	TX	—	American Bank of Texas
Dec 31, 1994	First of America Bank - Mid Michigan, National Association	MI	—	National City Bank of the Midwest
Dec 31, 1994	The Bank of Greeley	CO	—	Keybank National Association
Dec 31, 1994	American National Bank of Pottsboro	TX	—	American Bank of Texas
Dec 31, 1994	First of America Bank-Southeast Michigan, National Association	MI	—	National City Bank of the Midwest
Dec 31, 1994	First of America Bank-Upper Peninsula, National Association	MI	—	National City Bank of the Midwest
Dec 31, 1994	First of America Bank-Champion, National Association	IL	—	First of America Bank-Illinois, National Association
Dec 31, 1994	First of America Bank-Champaign, National Association	IL	—	First of America Bank-Illinois, National Association
Dec 31, 1994	First State Bank and Trust Company	LA	—	Capital One, N.A.

Biggest bank failures by assets ›

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	State	Acquirer
Dec 1, 1994	Rock Financial Corporation	NJ	Valley National Bancorp
Dec 1, 1994	First Moore Bancshares, Inc.	OK	INTRUST Financial Corporation
Dec 1, 1994	U.S. Bancorp Escrow Co.	WA	U.S. Bancorp
Dec 1, 1994	Saint Marys R C Sharpsburg Federal Credit Union	PA	Pittsburgh Central Federal Credit Union
Dec 1, 1994	Coca-Cola Bottling Co Employees Credit Union	TX	Southwest Airlines Federal Credit Union
Dec 1, 1994	The Shelby County State Bank	IA	Shelby County State Bank
Dec 1, 1994	Kennebec County Federal Credit Union	ME	Capital Area Federal Credit Union
Dec 1, 1994	H-K Associates Credit Union	CT	First Connecticut Credit Union
Dec 1, 1994	Kittson Federal Credit Union	MN	Agassiz Federal Credit Union
Dec 1, 1994	Shadow Hills National Bank	TX	First United Bank
Dec 1, 1994	Santander National Bank	PR	Banco Santander Puerto Rico
Dec 1, 1994	Duluth Telephone Employees Credit Union	MN	Minnesota Power Employees Credit Union
Dec 1, 1994	Habion Spencerville Employees Federal Credit Union	OH	Superior Credit Union Inc
Dec 1, 1994	Caribe Hilton Federal Credit Union	PR	Vapr Federal Credit Union
Dec 1, 1994	NBD Trust Company of Florida, National Association	FL	Bank One, Florida
Dec 1, 1994	Arrow Group Employees Federal Credit Union	IL	Kaskaskia Valley Credit Union
Dec 1, 1994	Citizens Savings Bank FSB	NY	Manufacturers and Traders Trust Company
Dec 1, 1994	Governors Bank	FL	Republic Security Bank
Dec 1, 1994	Moore Business Forms Charleston Federal Credit Union	IL	Blaw Knox Credit Union
Dec 1, 1994	The American State Bank	CO	Colorado East Bank & Trust
Dec 1, 1994	Poole Deposit Bank	KY	First Kentucky Bank
Dec 1, 1994	Wellco Credit Union	NC	Champion Credit Union
Dec 1, 1994	Bayside Federal Savings Bank	NY	North Fork Bank
Dec 1, 1994	RockBank	NJ	Valley National Bank
Dec 1, 1994	Bemis Memphis Employees Federal Credit Union	TN	America's Credit Union
Dec 1, 1994	Pylon Federal Credit Union	IL	Kane County Teachers Credit Union
Dec 1, 1994	Anderson County Bank	TN	Union Planters Bank of East Tennessee, National Association
Dec 1, 1994	Rock Hill National Bank	SC	NationsBank of South Carolina, National Association
Nov 30, 1994	Fidelity Federal Credit Union	NY	Union Settlement Federal Credit Union
Nov 30, 1994	Washington Mutual Bank	WA	Washington Mutual Bank
Nov 29, 1994	The Bank of Baltimore	MD	First Fidelity Bank, National Association, New Jersey
Nov 29, 1994	Firstar Corporation of Illinois	WI	Firstar Corporation of Wisconsin
Nov 28, 1994	The Bank of Oceana	WV	First Century Bank, Inc.
Nov 28, 1994	Firstar Illinois Regional Operations Center	IL	Firstar Bank Illinois
Nov 28, 1994	Trenton Bancshares, Inc.	TN	Commerce Bancshares, Inc.
Nov 28, 1994	Saginaw Drive Federal Credit Union	NY	Irondequoit Federal Credit Union
Nov 25, 1994	American Financial Services of Hawaii, Incorporated	HI	Hawaiian Trust Company, Limited
Nov 23, 1994	Signet Properties Company	VA	Capital One Bank (USA), N.A.
Nov 22, 1994	Goreville Bancorporation, Inc.	IL	Magna Group, Inc.
Nov 21, 1994	Security State Bank, Harlem, Montana	MT	Rocky Mountain Bank
Nov 21, 1994	Powder River Bank	MT	Rocky Mountain Bank
Nov 21, 1994	Rocky Mountain Bank of Plains	MT	Rocky Mountain Bank
Nov 21, 1994	First State Bank of Stevensville, Montana	MT	Rocky Mountain Bank
Nov 21, 1994	The Whitehall State Bank	MT	Rocky Mountain Bank
Nov 20, 1994	Nickerson Bankshares, Inc.	KS	Nickerson State Bank
Nov 19, 1994	Bucks County Bank and Trust Company	PA	Corestates Bank, National Association
Nov 19, 1994	Lehigh Valley Bank	PA	Corestates Bank, National Association
Nov 19, 1994	Valley Savings Bank	NJ	Summit Bank
Nov 19, 1994	American National Bank of Libertyville	IL	American National Bank and Trust Company of Chicago
Nov 19, 1994	Third National Bank and Trust Company of Scranton	PA	Corestates Bank, National Association

Bank mergers by year

← 1993 · 1995 →

Year	Merger records
2026	360
2025	433
2024	314
2023	363
2022	432
2021	437
2020	437
2019	547
2018	643
2017	608
2016	655
2015	766

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.

Explore: all mergers · 1994 bank events · browse by acquirer · bank failures · all events