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 1, 1996 | New Haven Newspaper Employees Credit Union | Connex Credit Union, Inc |
| Jul 1, 1996 | Hawaii Teamsters Federal Credit Union | Hawaiian Financial Federal Credit Union |
| Jul 1, 1996 | The First National Bank of Portsmouth | Bank of New Hampshire, National Association |
| Jul 1, 1996 | Classic Federal Credit Union | Rize Federal Credit Union |
| Jul 1, 1996 | City Bank of Childersburg | Frontier Bank |
| Jul 1, 1996 | Milford Co-operative Bank | CFX Bank |
| Jul 1, 1996 | Bradley Bank | HomeStar Bank and Financial Services |
| Jul 1, 1996 | Aerotred Federal Credit Union | Great Falls Regional Federal Credit Union |
| Jul 1, 1996 | McClellan Federal Credit Union | S a F E Credit Union |
| Jul 1, 1996 | North Texas Bank and Trust | First State Bank |
| Jul 1, 1996 | Torrance Bank, S.S.B. | Regency Savings Bank, A FSB |
| Jul 1, 1996 | Monmouth-Ocean Telephone Federal Credit Union | Garden State Federal Credit Union |
| Jul 1, 1996 | Peoples State Bank of Warren | Community Bank of the Red River Valley |
| Jul 1, 1996 | State Savings Bank | First Iowa State Bank |
| Jul 1, 1996 | Citizens' National Bank of Linton | AmBank Indiana, National Association |
| Jul 1, 1996 | Ryobi Anderson Federal Credit Union | Anderson Federal Credit Union |
| Jul 1, 1996 | Curtis 1000 Employees Credit Union, Inc. | Community United Credit Union |
| Jul 1, 1996 | S.G.S. Employees Federal Credit Union | Transcend Credit Union |
| Jul 1, 1996 | Saint Therese Hospital Employees Federal Credit Union | Great Lakes Credit Union |
| Jul 1, 1996 | American Express Centurion Bank | American Express National Bank |
| Jul 1, 1996 | Milford Mutual Benefit Association Credit Union | Victory/piaterer Mutual Benefit Association Credit Union |
| Jul 1, 1996 | The First National Bank of Elmore | Pioneer Bank |
| Jul 1, 1996 | Armour Portland Oregon Federal Credit Union | Gateway Credit Union |
| Jul 1, 1996 | Loup River Public Power Federal Credit Union | Nebraska Energy Federal Credit Union |
| Jul 1, 1996 | Columbus Bank and Trust Company | Salin Bank and Trust Company |
| Jul 1, 1996 | First Interstate Bank Card, N.A. | Wells Fargo Bank (Arizona), N.A. |
| Jul 1, 1996 | Vancouver Bancorp | West Coast Bancorp |
| Jul 1, 1996 | Ids Deposit Corporation - Retained Charter | American Express National Bank |
| Jul 1, 1996 | Diesel Electric Credit Union | Loyalty Credit Union |
| Jul 1, 1996 | First South Bank of Coweta County, National Association | Century South Bank of Central Georgia, National Association |
| Jul 1, 1996 | Nine West Madison Employees Federal Credit Union | Members Trust Federal Credit Union |
| Jun 30, 1996 | Nashville Engineer District Federal Credit Union | Parthenon Federal Credit Union |
| Jun 30, 1996 | International Bancorp of Miami, Inc. | International Bancorp of Miami, Inc. |
| Jun 30, 1996 | Parker County Bancshares, Inc. | Weatherford Bancshares, Inc. |
| Jun 30, 1996 | First Parker Bancshares, Inc. | Weatherford Bancshares, Inc. |
| Jun 29, 1996 | Barnett Bank of Highlands County | Barnett Bank, National Association |
| Jun 29, 1996 | Barnett Bank of Nassau County | Barnett Bank, National Association |
| Jun 29, 1996 | Commerce Bank | Commerce Bank |
| Jun 29, 1996 | Great Valley Bank | Union Safe Deposit Bank |
| Jun 29, 1996 | Greensboro Federal Employees Federal Credit Union | Truliant Federal Credit Union |
| Jun 29, 1996 | Barnett Bank of Naples | Barnett Bank, National Association |
| Jun 29, 1996 | South Boston Savings Bank | Fleet National Bank |
| Jun 29, 1996 | Barnett Bank of Central Florida, National Association | Barnett Bank, National Association |
| Jun 29, 1996 | Barnett Bank of Tallahassee | Barnett Bank, National Association |
| Jun 29, 1996 | Barnett Bank of Tampa | Barnett Bank, National Association |
| Jun 29, 1996 | Barnett Bank of North Central Florida | Barnett Bank, National Association |
| Jun 29, 1996 | Barnett Bank of the Suncoast, National Association | Barnett Bank, National Association |
| Jun 29, 1996 | Commerce Bank, National Association | Commerce Bank |
| Jun 29, 1996 | Barnett Bank of Pasco County | Barnett Bank, National Association |
| Jun 29, 1996 | Barnett Bank of the Treasure Coast | Barnett Bank, 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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