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 |
|---|---|---|
| Oct 1, 1996 | Bancalabama, Inc. | BNF Bancorp, Inc. |
| Oct 1, 1996 | Perfex Credit Union | First Credit Union |
| Oct 1, 1996 | Effingham Bank & Trust | Century South Bank of the Coastal Region, National Association |
| Oct 1, 1996 | Burlington County Bank | Trenton Savings Bank FSB |
| Oct 1, 1996 | Allegiance Banc Corporation | F & M National Corporation |
| Oct 1, 1996 | First Wilmington Corp. | Beverly Bancorporation, Inc. |
| Oct 1, 1996 | Firstbanc Holding Company, Inc. | Alabama National Bancorporation |
| Oct 1, 1996 | Financial Bancorp, Inc. | Community First Bankshares, Inc. |
| Oct 1, 1996 | Royall Financial Corporation | Compass Texas Acquisition Corp. |
| Oct 1, 1996 | First Paintsville Bancshares, Inc. | Classic Bancshares, Inc. |
| Oct 1, 1996 | One Security, Inc. | Valley View Bancshares, Inc. |
| Oct 1, 1996 | Mission Bancshares, Inc. | Valley View Bancshares, Inc. |
| Oct 1, 1996 | International Bancshares, Inc. | Valley View Bancshares, Inc. |
| Oct 1, 1996 | Industrial Bancshares, Inc. | Valley View Bancshares, Inc. |
| Oct 1, 1996 | Saint Louis Cathedral Federal Credit Union | Louisiana Central Credit Union |
| Oct 1, 1996 | American Mirrex Federal Credit Union | Del-One Federal Credit Union |
| Oct 1, 1996 | Daily News Employees Federal Credit Union | Premier America Credit Union |
| Oct 1, 1996 | Dynamic Credit Union | Numark Credit Union |
| Oct 1, 1996 | Cleghorn State Bank | The First Trust & Savings Bank |
| Oct 1, 1996 | The Royall National Bank of Palestine | Compass Bank |
| Oct 1, 1996 | Jantzen Federal Credit Union | Consolidated Federal Credit Union |
| Oct 1, 1996 | New York Blower Employees Federal Credit Union | Laporte Community Federal Credit Union |
| Oct 1, 1996 | Unocal Bakersfield Federal Credit Union | Safe 1 Credit Union |
| Oct 1, 1996 | S&K Employees Federal Credit Union | Police and Fire Federal Credit Union |
| Oct 1, 1996 | The First National Bank of Enfield | The First National Bank of Carmi |
| Oct 1, 1996 | Wasiota Credit Union | Old Hickory Credit Union |
| Oct 1, 1996 | Leader Federal Bank for Savings | Union Planters Bank, National Association |
| Oct 1, 1996 | Southwest Savings Community Credit Union | Bell West Community Credit Union |
| Oct 1, 1996 | Alice Employees Credit Association Federal Credit Union | Anderson Federal Credit Union |
| Oct 1, 1996 | Parmer County Teachers Federal Credit Union | Friona Texas Federal Credit Union |
| Oct 1, 1996 | Tryon Federal Savings and Loan Association | HomeTrust Bank |
| Oct 1, 1996 | Conejo Valley Sda Federal Credit Union | California Adventist Federal Credit Union |
| Oct 1, 1996 | St. Bernard Bank & Trust Co. | Capital One, N.A. |
| Oct 1, 1996 | Bank of Southern California | First National Bank |
| Oct 1, 1996 | Lea County Federal Credit Union | Estacado Federal Credit Union |
| Oct 1, 1996 | Saint John's Healthcare Federal Credit Union | Madison County Federal Credit Union |
| Oct 1, 1996 | Big SKY Community Credit Union | Lincoln County Credit Union |
| Oct 1, 1996 | Shawmut Trust Company | Fleet Bank |
| Oct 1, 1996 | Fleet Trust Company | Fleet Bank |
| Oct 1, 1996 | Camas Prairie Railroad Federal Credit Union | Lewis Clark Credit Union |
| Oct 1, 1996 | Compass Bank-Central Texas | Compass Bank |
| Oct 1, 1996 | Milk Drivers & Dairy Employees Credit Union | Safeamerica Credit Union |
| Sep 30, 1996 | Heritage Bancshares, Inc. | Southtrust of Florida, Incorporated |
| Sep 30, 1996 | Heritage National Bank | SouthTrust Bank of Florida, National Association |
| Sep 30, 1996 | Central West Bancorporation | Pathward Financial, Inc. |
| Sep 30, 1996 | Faribo Credit Union | Home Town Federal Credit Union |
| Sep 30, 1996 | N.J. State Employees Federal Credit Union | Edifi Federal Credit Union |
| Sep 30, 1996 | New Horizons Savings and Loan Association | Luther Burbank Savings |
| Sep 30, 1996 | Knights Family Federal Credit Union | Indiana Members Credit Union |
| Sep 28, 1996 | Barnett Bank of Southwest Florida | 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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