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 |
|---|---|---|
| Apr 11, 1996 | Equitable Bankshares, Inc. | BBVA USA Bancshares, Inc. |
| Apr 10, 1996 | Meridian Bancorp, Inc. | Corestates Financial Corp |
| Apr 10, 1996 | Swiss Valley Farms Credit Union | Metco Credit Union |
| Apr 10, 1996 | B-M-Y Employees Cu | First Capital Federal Credit Union |
| Apr 6, 1996 | Greater Columbia Bancshares, Inc. | Associated Banc-Shares, Inc. |
| Apr 5, 1996 | CTC Bancorp, Inc. | Harris Taubman Financial Corporation |
| Apr 3, 1996 | First Coastal Banks, Inc. | Bank of New Hampshire Corporation |
| Apr 2, 1996 | Morton Financial Corporation | South Plains Delaware Financial Corporation |
| Apr 2, 1996 | FMC Philadelphia Employees Credit Union | Trumark Credit Union |
| Apr 2, 1996 | South Plains Financial Corporation | South Plains Delaware Financial Corporation |
| Apr 2, 1996 | Burlingame Bank & Trust Co. | The Pacific Bank, National Association |
| Apr 1, 1996 | Wyeth-Mason Credit Union | Adventure Credit Union |
| Apr 1, 1996 | The Peoples State Bank and Trust Company | Sunflower Bank, N.A. |
| Apr 1, 1996 | Arlington County Employees Credit Union | Commonwealth One Federal Credit Union |
| Apr 1, 1996 | Icc Macon Federal Credit Union | Midsouth Community Federal Credit Union |
| Apr 1, 1996 | Fleet Bank, National Association | Fleet National Bank |
| Apr 1, 1996 | The Florence State Bank | Cottonwood Valley Bank |
| Apr 1, 1996 | Commercial National Bank of Dallas | United Bank & Trust, National Association |
| Apr 1, 1996 | Celotex Employees Federal Credit Union | Onpath Federal Credit Union |
| Apr 1, 1996 | First Interstate Bank of California | Wells Fargo Bank, N.A. |
| Apr 1, 1996 | Culbertson State Bank of Culbertson, Montana | First Community Bank |
| Apr 1, 1996 | Mitsubishi Bank Trust Company of New York | Bank of Tokyo-Mitsubishi Ufj Trust Company |
| Apr 1, 1996 | The Bank of California, National Association | MUFG Union Bank, National Association |
| Apr 1, 1996 | E.P. Employees Federal Credit Union | Sterling United Federal Credit Union |
| Apr 1, 1996 | Concrete Federal Credit Union | Piedmont Advantage Credit Union |
| Apr 1, 1996 | Burnham & Morrill Employees Credit Union | Ancorum Credit Union |
| Apr 1, 1996 | Hana Community Federal Credit Union | Kula Community Federal Credit Union |
| Apr 1, 1996 | Lima Westinghouse Federal Credit Union | Topmark Federal Credit Union |
| Apr 1, 1996 | Vanguard Federal Savings and Loan Association | Bayvanguard Bank |
| Apr 1, 1996 | Lykes Employees Federal Credit Union | Louisiana Central Credit Union |
| Apr 1, 1996 | Scripture Press Employees Credit Union | Dupage Credit Union |
| Apr 1, 1996 | Firefund Federal Credit Union | Redwood Credit Union |
| Apr 1, 1996 | Salem Postal Credit Union | Valley Credit Union |
| Apr 1, 1996 | Kemba Toledo Credit Union, Inc. | Kemba Financial Credit Union, Inc. |
| Apr 1, 1996 | Colorado Community First National Bank | Colorado Community First State Bank |
| Apr 1, 1996 | News Media Credit Union | People's Trust Federal Credit Union |
| Apr 1, 1996 | Albert Lea Federal Employees Credit Union | City and County Employees Federal Credit Union |
| Apr 1, 1996 | Employees of Spreckels Factory #2 Federal Credit Union | Golden Valley Federal Credit Union |
| Apr 1, 1996 | Plaquemines Public Schools Credit Union | La Capitol Federal Credit Union |
| Apr 1, 1996 | Jostens Employees Federal Credit Union | Life Federal Credit Union |
| Apr 1, 1996 | Fleet Bank of Massachusetts, National Association | Fleet National Bank |
| Apr 1, 1996 | MHMHC Employees Credit Union | Valleystar Credit Union |
| Apr 1, 1996 | Independent Group Credit Union | Radifi Federal Credit Union |
| Apr 1, 1996 | FirstMerit Bank, FSB | FirstMerit Bank, National Association |
| Apr 1, 1996 | Fleet Banking Group, Inc. | Fleetboston Financial Corporation |
| Apr 1, 1996 | The First National Bank of Henry County | Wachovia Bank of Georgia, National Association |
| Apr 1, 1996 | Great Southwest Bank, FSB | Allied Houston Bank |
| Apr 1, 1996 | The Bank of Tokyo, Ltd. | Mufg Bank, Ltd. |
| Apr 1, 1996 | RB Bancorp | First Pacific National Bank |
| Apr 1, 1996 | F & M Bancorp | First Financial Bancorp |
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.
Explore: all mergers · 1996 bank events · browse by acquirer · bank failures · all events