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 |
|---|---|---|
| Feb 9, 1996 | Essell Credit Union | O Bee Credit Union |
| Feb 9, 1996 | Saint Francois County Financial Corp. | New Era Bancorporation, Inc. |
| Feb 9, 1996 | Midamerican Corporation | Ameribanc, Inc. |
| Feb 8, 1996 | Greater Capital District Federal Credit Union | Quorum Federal Credit Union |
| Feb 6, 1996 | Monycor Bancshares, Inc. | F & M Merger Corporation |
| Feb 6, 1996 | Employee Credit Union of H C P | East Texas Professional Credit Union |
| Feb 5, 1996 | Colonial Bank of Greenville | Alliance Bank |
| Feb 3, 1996 | Memphis Defense Federal Credit Union | First South Financial Federal Credit Union |
| Feb 3, 1996 | El Capitan National Bank | Valliwide Bank |
| Feb 2, 1996 | El Capitan Bancshares, Inc. | Vallicorp Holdings, Inc. |
| Feb 2, 1996 | Conservative Savings Bank, F.S.B. | Commercial Federal Bank, a Federal Savings Bank |
| Feb 1, 1996 | Metro Financial Corporation | Regions Financial Corporation |
| Feb 1, 1996 | Pyramidwest Development Corporation | Sable Bancshares, Inc. |
| Feb 1, 1996 | Security Bank | Compass Bank-Dallas |
| Feb 1, 1996 | Brentwood National Bank | First Union National Bank of Tennessee |
| Feb 1, 1996 | Norwest Bank Texas, Canyon, National Association | Wells Fargo Bank Texas, National Association |
| Feb 1, 1996 | Seaboard Savings Bank, FSB | Life Savings Bank, FSB |
| Feb 1, 1996 | Bank South | NationsBank, National Association (South) |
| Feb 1, 1996 | Security Savings Bank, FSB | (unnamed) |
| Feb 1, 1996 | Norwest Bank Texas, Post, National Association | Wells Fargo Bank Texas, National Association |
| Feb 1, 1996 | Farmers & Merchants Bank, Beach, North Dakota | Community First National Bank |
| Feb 1, 1996 | Norwest Bank Texas, Crane | Wells Fargo Bank Texas, National Association |
| Feb 1, 1996 | Norwest Bank Texas, Denver City | Wells Fargo Bank Texas, National Association |
| Feb 1, 1996 | Kentucky Power Company Employees Credit Union, Inc. | Members Choice Credit Union |
| Feb 1, 1996 | Farmers and Merchants Bank | Union Planters Bank of Northeast Arkansas |
| Feb 1, 1996 | Security Bank | Union Planters Bank of Northeast Arkansas |
| Feb 1, 1996 | Norwest Bank Texas, Tulia, National Association | Wells Fargo Bank Texas, National Association |
| Feb 1, 1996 | First Continental Bank of Grand Prairie National Association | Independent National Bank |
| Feb 1, 1996 | Saints Memorial Employees Federal Credit Union | Jeanne D'Arc Credit Union |
| Feb 1, 1996 | Emery Western Federal Credit Union | Emery Federal Credit Union |
| Feb 1, 1996 | Farmers National Bank | Wells Fargo Bank South Dakota, N.A. |
| Feb 1, 1996 | Itek Employees Federal Credit Union | RTN Federal Credit Union |
| Feb 1, 1996 | Norwest Bank Texas, Borger, National Association | Wells Fargo Bank Texas, National Association |
| Feb 1, 1996 | San Francisco Federal Savings and Loan Association | California Federal Bank |
| Feb 1, 1996 | Springfield Newsleader Credit Union | Telcomm Credit Union |
| Feb 1, 1996 | Western Bank | Washington Mutual Bank |
| Feb 1, 1996 | American Trust Bank | American Trust Bank, National Association |
| Feb 1, 1996 | Norwest Bank Texas, Plainview, National Association | Wells Fargo Bank Texas, National Association |
| Feb 1, 1996 | Ogemaw Community Credit Union | Northland Area Federal Credit Union |
| Jan 31, 1996 | GSW Data Processing, Inc. | Merchants Bank |
| Jan 31, 1996 | Central Data Processing, Inc. | Merchants Bank |
| Jan 31, 1996 | Fourth Financial Corporation | Bbi Kansas, Inc. |
| Jan 29, 1996 | Marion Bank Holding Company | Omega City Holding Company |
| Jan 28, 1996 | United National Bank - South | United Bank |
| Jan 27, 1996 | Laurel Federal Savings Bank | Elkridge Bank |
| Jan 27, 1996 | First National Bank | The Prairie State Bank |
| Jan 27, 1996 | Queststar Bank, National Association | Comerica Bank - Texas |
| Jan 26, 1996 | Seaboard Savings Bank, Inc., SSB | United Carolina Bank |
| Jan 26, 1996 | Columbia Box Board Federal Credit Union | Columbia Greene Credit Union |
| Jan 22, 1996 | The Bank of El Paso | First National Bank |
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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