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 1, 1994 | Liberty Bancshares, Inc. | CBI Security Corporation |
| Sep 1, 1994 | Continental Bank Corporation | Bankamerica Corporation |
| Sep 1, 1994 | First State Bank and Trust Company | International Bank of Commerce |
| Sep 1, 1994 | Coca-Cola Employees Credit Union | Beacon Community Credit Union |
| Sep 1, 1994 | Valley Bank Western, FSB | M&I Mid-State Bank |
| Sep 1, 1994 | Co-Op Employees Credit Union | N.W. Iowa Credit Union |
| Sep 1, 1994 | Commercial Bank of Liberty, N. A. | Commerce Bank |
| Sep 1, 1994 | First Citizens Bank | Union Planters Bank of Middle Tennessee, National Association |
| Sep 1, 1994 | Pioneer Federal Savings Bank | Signet Bank |
| Sep 1, 1994 | Associated Bank Marshfield, National Association | Associated Bank North |
| Sep 1, 1994 | The Bank of Iredell | United Carolina Bank |
| Sep 1, 1994 | Steiner Bank | Highland Bank |
| Sep 1, 1994 | Bank of Powell | Horizon Bank |
| Sep 1, 1994 | M&I Fox Heights Bank | M&I Bank Northeast |
| Sep 1, 1994 | Home Federal Bank, Savings Bank | Wells Fargo Bank Nevada, National Association |
| Sep 1, 1994 | M&I New Holstein Bank | M&I Bank Fox Valley |
| Sep 1, 1994 | Valley Bank, South Central (National Association) | M&I Bank South Central |
| Sep 1, 1994 | M&I Bank of Dodgeville | M&I Bank Southwest |
| Sep 1, 1994 | F & M Bank-Pulaski | F & M Bank-Wisconsin |
| Sep 1, 1994 | Grant Federal Savings Bank | Citizens First Bank |
| Sep 1, 1994 | Wilmington 451 Federal Credit Union | Delaware First Federal Credit Union |
| Sep 1, 1994 | M&I Bank of Onalaska | M&I Bank of La Crosse |
| Aug 31, 1994 | 720 Federal Credit Union | K&E Employees Federal Credit Union |
| Aug 31, 1994 | Oakland City Bancshares Corp. | Citizens Bancshares, Inc. |
| Aug 31, 1994 | First Bank and Trust Company of Oakland City | The Citizens National Bank of Evansville |
| Aug 29, 1994 | 1st Oak Brook Bank | Oak Brook Bank |
| Aug 27, 1994 | Continental Bank | (unnamed) |
| Aug 27, 1994 | The Cumberland Federal Bancorporation, Inc. | Fifth Third Bancorp |
| Aug 27, 1994 | Detroit Savings Bank, Federal Savings Bank | Standard Federal Bank |
| Aug 26, 1994 | Central State Bank | First Bank |
| Aug 26, 1994 | Red River Valley Bank | Bank One, Louisiana, National Association |
| Aug 26, 1994 | Norwest Bank Wisconsin Waupun, National Association | Wells Fargo Bank Wisconsin, National Association |
| Aug 25, 1994 | Bostwick Banking Company | First State Bank of Blakely |
| Aug 23, 1994 | Star Valley State Bank | First Security Bank of Wyoming |
| Aug 22, 1994 | Thornridge State Bank | Manufacturers Bank |
| Aug 22, 1994 | American Chartered Bank of Bartlett | American Chartered Bank |
| Aug 22, 1994 | American Chartered Bank of Lake Zurich | American Chartered Bank |
| Aug 22, 1994 | Tinley Park Bank | Manufacturers Bank |
| Aug 22, 1994 | Farmers State Bank of Delavan | The First National Bank of Elmore |
| Aug 22, 1994 | Citizens Savings Bank, SSB, Inc. | Truist Bank |
| Aug 20, 1994 | Bank of Fordsville | Commonwealth Community Bank, Inc. |
| Aug 20, 1994 | First Inter-Bancorp, Inc. | First Fidelity Bancorporation |
| Aug 20, 1994 | Huntington Bank Charleston N.A. | Huntington National Bank West Virginia |
| Aug 20, 1994 | Mid-Hudson Savings Bank FSB | First Fidelity Bank, National Association |
| Aug 20, 1994 | Pioneer Financial, A Cooperative Bank | Fleet National Bank |
| Aug 19, 1994 | Bank of Loudoun | Jefferson National Bank |
| Aug 19, 1994 | Midlantic Banks Inc. | Midlantic Corporation |
| Aug 19, 1994 | T U F Federal Credit Union | North Side Community Federal Credit Union |
| Aug 18, 1994 | First Cook Community Bank, F.S.B. | Republic Bank of Chicago |
| Aug 17, 1994 | United Postal Savings Association | Firstar Bank Missouri, National Association |
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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