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 |
|---|---|---|
| Sep 30, 1994 | Cohasset Savings Bank | Fleet National Bank of Massachusetts |
| Sep 30, 1994 | Midwest Bank of Oquawka | Midwest Bank |
| Sep 30, 1994 | The First National Bank of Rhinebeck | Premier National Bank |
| Sep 30, 1994 | West Newton Savings Bank | Fleet National Bank of Massachusetts |
| Sep 30, 1994 | The Employees N.W. Federal Credit Union | Qualstar Credit Union |
| Sep 28, 1994 | Community Bank of Charlotte | SouthTrust Bank of Southwest Florida National Association |
| Sep 28, 1994 | Island Bank of Collier County | SouthTrust Bank of Southwest Florida National Association |
| Sep 27, 1994 | United National Bancorporation | First Commonwealth Financial Corporation |
| Sep 26, 1994 | The Marian State Bank | Knoblauch State Bank |
| Sep 26, 1994 | First American Bancshares, Inc. | Dickinson Financial Corporation |
| Sep 26, 1994 | The Edwardsville Bank | (unnamed) |
| Sep 26, 1994 | The Home State Bank of Kansas City, Kansas | (unnamed) |
| Sep 26, 1994 | The Home State Bank | First United National Bank and Trust Company |
| Sep 26, 1994 | The Wyandotte Bank | (unnamed) |
| Sep 26, 1994 | The Columbia Bank | Washington Trust Bank |
| Sep 24, 1994 | First Federal Savings and Loan Association of Charlotte | Security Capital Bank |
| Sep 24, 1994 | WestStar Bank | Arvest State Bank |
| Sep 23, 1994 | Citrus National Bank | SouthTrust Bank of Central Florida |
| Sep 23, 1994 | The Peoples Bank | F&M Bank |
| Sep 20, 1994 | Mellon PSFS Acquisition Corporation | Mellon PSFS Bancorporation |
| Sep 19, 1994 | (unnamed) | The American National Bank of Texas |
| Sep 17, 1994 | Tri Cities Credit Union | Kane County Teachers Credit Union |
| Sep 17, 1994 | Eastern Trust Company | Trustco Bank, National Association |
| Sep 17, 1994 | State Home Savings Bank, F.S.B. | KeyBank N.A. |
| Sep 16, 1994 | Bank of Anaheim, National Association | First Security Bank of California, N.A. |
| Sep 15, 1994 | First Jefferson Corporation | Southtrust of Mississippi, Inc. |
| Sep 15, 1994 | Landis Savings Bank, Sla | Covenant Bank |
| Sep 14, 1994 | Crestmont Federal Savings and Loan Association | Summit Bank |
| Sep 14, 1994 | Crestmont Financial Corp. | The Summit Bancorporation |
| Sep 13, 1994 | Lamb's Bancorporation Ltd. | First Holding Company of Park River, Inc |
| Sep 12, 1994 | Citizens Savings Bank, SSB | Truist Bank |
| Sep 12, 1994 | Century Bank | Mark Twain Bank |
| Sep 12, 1994 | Mutual Savings Bank of Rockingham County, SSB | Truist Bank |
| Sep 10, 1994 | First Buffalo Holding Company | Charter Bancorporation, Inc. |
| Sep 10, 1994 | American Slovak Building and Loan Association of McKees Rocks, Pennsylvania | SSB Bank |
| Sep 10, 1994 | First National Bank | First National Bank |
| Sep 9, 1994 | United Bank of Bismarck | First Bank of North Dakota, N.A. |
| Sep 9, 1994 | First Dakota Financial Corporation | U.S. Bancorp |
| Sep 3, 1994 | First South Bank of Ben Hill County, N.A. | Bankers First Savings Bank, FSB |
| Sep 3, 1994 | Valley Commercial Bank | West One Bank, Washington |
| Sep 1, 1994 | Kenosha News Credit Union | Southern Lakes Credit Union |
| Sep 1, 1994 | Community Independent Bancorp, Inc. | Community First Financial, Inc. |
| Sep 1, 1994 | Pennsylvania Food Merchants Credit Union | Members 1st Federal Credit Union |
| Sep 1, 1994 | Community Financial Bancorp, Inc. | Community First Financial, Inc. |
| Sep 1, 1994 | Blair Cu | Co-Op Credit Union |
| Sep 1, 1994 | Pioneer Financial Corporation | Signet Banking Corporation |
| Sep 1, 1994 | FGC Holding Company | Trans Financial, Inc. |
| Sep 1, 1994 | BNR Bancshares, Inc. | Regions Financial Corporation |
| Sep 1, 1994 | (unnamed) | Union Planters Bank of Missouri |
| Sep 1, 1994 | Anadarko Bancshares, Inc. | Falcon Bancorp, Inc. |
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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