Mergers by Year
Bank Mergers in 1996
The Federal Reserve's National Information Center (NIC) recorded 1,203 merger records involving a bank, credit union or bank holding company in 1996. 652 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 1,247 in 1995.
652
Banks acquired
1 bought by a credit union
0
Credit unions merged
NIC, credit unions as the acquired side
240
Holding companies
Bank holding companies merged
Largest bank mergers of 1996
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1996 | Texas Heritage Savings Association/banc | — | First Federal Savings Bank of North Texas |
| Dec 31, 1996 | Mercantile Bank of Monett | — | Mercantile Bank of South Central Missouri |
| Dec 31, 1996 | Mercantile Bank of Lebanon | — | Mercantile Bank of South Central Missouri |
| Dec 31, 1996 | First State Bank, National Association | — | State National Bank of West Texas |
| Dec 31, 1996 | Mercantile Bank of Wright County | — | Mercantile Bank of South Central Missouri |
| Dec 31, 1996 | Pelham Bank and Trust Company | — | First Essex Bank |
| Dec 31, 1996 | The National Bank of West Virginia | — | Wesbanco Bank Fairmont, Inc. |
| Dec 31, 1996 | Pinnacle Bank | — | Fifth Third Bank, Indiana |
| Dec 28, 1996 | Keystone Savings & Loan Association | — | St. Edmond's Federal Savings Bank |
| Dec 21, 1996 | First State Bank | — | First American Bank SSB |
| Dec 16, 1996 | Big Stone Gap Bank and Trust Company | — | Premier Bank-Central, National Association |
| Dec 16, 1996 | First Sun Bank of America | — | Sun Security Bank of America |
| Dec 14, 1996 | The Westport Bank and Trust Company | — | Lafayette American Bank |
| Dec 14, 1996 | First Heritage Bank, National Association | — | First Service Bank |
| Dec 14, 1996 | Secure Savings Bank, F.S.B. | — | Redlands Federal Bank, a Federal Savings Bank |
Every merger recorded in 1996
1,203 NIC merger records in 1996 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Jul 13, 1996 | Jacob Schmidt Company | Firstar Corporation of Minnesota |
| Jul 13, 1996 | American Bancorporation, Inc. | Firstar Corporation of Minnesota |
| Jul 13, 1996 | Summit Bank | Summit Bank |
| Jul 13, 1996 | American Bank National Association | Firstar Bank of Minnesota, National Association |
| Jul 12, 1996 | Manchester State Bank | New England Bank and Trust Company |
| Jul 12, 1996 | Union National Bank of Texas | Norwest Bank Texas, South, National Association |
| Jul 9, 1996 | Commercial National Financial Corporation | Commercial National Corporation |
| Jul 9, 1996 | Dothan Federal Savings Bank | Colonial Bank |
| Jul 8, 1996 | NY State Psychiatric Institute Credit Union | Municipal Credit Union |
| Jul 6, 1996 | First Federal Savings Bank | Great Financial Bank, FSB |
| Jul 5, 1996 | (unnamed) | Suburban Bank & Trust Company |
| Jul 4, 1996 | Commercial Bancorp of Georgia, Inc. | The Colonial Bancgroup, Inc. |
| Jul 4, 1996 | Southern Banking Corporation | The Colonial Bancgroup, Inc. |
| Jul 4, 1996 | First National Bank | Community Bank & Trust, S.S.B. |
| Jul 3, 1996 | Charter Bancorporation | Mountain Parks Financial Corporation |
| Jul 3, 1996 | Gamble Brothers Employees Credit Union | L&N Federal Credit Union |
| Jul 3, 1996 | Charter Bank and Trust | Mountain Parks Bank-East |
| Jul 2, 1996 | Colorado Savings Bank, F.S.B. | Liberty Savings Bank, F.S.B. |
| Jul 2, 1996 | Community Bank Corporation | Valley Ridge Financial Corporation |
| Jul 2, 1996 | Community State Bank | The Citizens State Bank |
| Jul 1, 1996 | (unnamed) | Century South Bank of Central Georgia, National Association |
| Jul 1, 1996 | Erie Bancorp, Inc. | Forrest Bancshares, Inc. |
| Jul 1, 1996 | Four Seasons of WIS., Inc. | Kewaunee County Banc-Shares, Inc. |
| Jul 1, 1996 | Atlantic Residential Mortgage Corporation | First Fidelity Bank, National Association, New Jersey |
| Jul 1, 1996 | Hasten Bancorp | Hasten Bancshares |
| Jul 1, 1996 | City Banc Corporation | First National Sylacauga Corporation |
| Jul 1, 1996 | Monahans Bancshares, Inc. | West Texas Bancshares, Inc. |
| Jul 1, 1996 | The Safety Fund Corporation | CFX Corporation |
| Jul 1, 1996 | Canadian Bancshares, Inc. | Boatmen's Texas, Inc. |
| Jul 1, 1996 | Peoples Exchange Bancorp, Inc. | Genbeach Co., Inc. |
| Jul 1, 1996 | Canco Employees Credit Union | SMW Financial Credit Union |
| Jul 1, 1996 | Bank of America Oregon | (unnamed) |
| Jul 1, 1996 | Dairymens Credit Union | Valley Communities Credit Union |
| Jul 1, 1996 | Daviess County Federal Credit Union | Crane Credit Union |
| Jul 1, 1996 | Matsushita Employees Federal Credit Union | Alero Financial Credit Union |
| Jul 1, 1996 | First State Bank | Lincoln Savings Bank |
| Jul 1, 1996 | McCourt Label Federal Credit Union | Bradford Area Federal Credit Union |
| Jul 1, 1996 | St. Paul National Bank | Homestead Bank |
| Jul 1, 1996 | First State Bank of Canadian | Boatmen's First National Bank of Amarillo |
| Jul 1, 1996 | Arkansas National Guard Employees Federal Credit Union | Arkansas Federal Credit Union |
| Jul 1, 1996 | Crown Can Employees of Philadelphia Federal Credit Union | Police and Fire Federal Credit Union |
| Jul 1, 1996 | The Bank | Baylake Bank |
| Jul 1, 1996 | Ingraham State Bank | First National Bank in Olney |
| Jul 1, 1996 | Horizon Credit Union | Summit Credit Union |
| Jul 1, 1996 | Denver Stake Federal Credit Union | Horizons North Credit Union |
| Jul 1, 1996 | Brunswick Federal Savings Association | Northeast Bank |
| Jul 1, 1996 | Brooks County Federal Credit Union | Southeastern Credit Union |
| Jul 1, 1996 | National Gypsum Employees Federal Credit Union | Truliant Federal Credit Union |
| Jul 1, 1996 | Ladco Federal Credit Union | Pinnacle Federal Credit Union |
| Jul 1, 1996 | Saint Josephs Port Arthur Federal Credit Union | Golden Triangle Federal Credit Union |
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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