Mergers by Year
Bank Mergers in 1997
The Federal Reserve's National Information Center (NIC) recorded 1,240 merger records involving a bank, credit union or bank holding company in 1997. 714 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 1,203 in 1996.
Largest bank mergers of 1997
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1997 | Flagship Bank FSB | — | International City Bank Federal Savings Bank |
| Dec 31, 1997 | PNC Bank, Ohio, National Association | — | PNC Bank, N.A. |
| Dec 31, 1997 | The Crockett State Bank | — | First National Bank of Huntsville |
| Dec 31, 1997 | First Bank of Beverly Hills, State Savings Bank | — | First Bank of Beverly Hills |
| Dec 31, 1997 | PNC Bank, Kentucky, Inc. | — | PNC Bank, N.A. |
| Dec 31, 1997 | P N C Bank, Indiana, Inc. | — | PNC Bank, N.A. |
| Dec 31, 1997 | The Farmers and Savings Bank, Loudonville, Ohio | — | First-Knox National Bank |
| Dec 31, 1997 | Culver National Bank | — | Bank of Los Angeles |
| Dec 30, 1997 | First National Bank of Dayton | — | Paradigm Bank Texas |
| Dec 29, 1997 | Colorado Business Bank, National Association | — | CoBiz Bank |
| Dec 23, 1997 | Carolina State Bank | — | First Charter Bank |
| Dec 23, 1997 | First Interstate Bank, FSB | — | First Interstate Bank |
| Dec 22, 1997 | The Home National Bank of Sutton | — | City National Bank of West Virginia |
| Dec 22, 1997 | The Old National Bank of Huntington | — | City National Bank of West Virginia |
| Dec 22, 1997 | First State Bank and Trust, National Association | — | City National Bank of West Virginia |
Every merger recorded in 1997
1,240 NIC merger records in 1997 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Aug 16, 1997 | SUNWEST Bank of Raton, National Association | Bank of America, N.A. |
| Aug 16, 1997 | Boatmen's National Bank of Pine Bluff | Bank of America, N.A. |
| Aug 14, 1997 | Citizens National Bancorp, Inc. | F & M Merger Corporation |
| Aug 14, 1997 | American National Creighton Company | Midwest Banc Holding Co. |
| Aug 12, 1997 | Boswell State Bank | First Texoma National Bank |
| Aug 12, 1997 | Old North State Bank | NewBridge Bank |
| Aug 12, 1997 | Clear Lake Bancorp, Inc. | F & M Merger Corporation |
| Aug 11, 1997 | Seven Hills Savings Association | Cornerstone Bank |
| Aug 11, 1997 | Mayflower Federal Savings Bank | Cornerstone Bank |
| Aug 11, 1997 | The Merchants National Bank of Fort Smith | Deposit Guaranty National Bank |
| Aug 9, 1997 | East Chicago Teachers Credit Union | Tech Credit Union |
| Aug 9, 1997 | Community Bank | Community Bank |
| Aug 9, 1997 | Regions Bank of Georgia | Regions Bank |
| Aug 9, 1997 | Lakeview Financial Corporation | FirstBank Corporation |
| Aug 8, 1997 | Norwest Colorado, Inc. | Wells Fargo & Company |
| Aug 8, 1997 | First Bank of West Hartford | New England Bank and Trust Company |
| Aug 7, 1997 | Sturm Investment, Inc. | Midamerica National Bancshares, Inc. |
| Aug 5, 1997 | Jefferson State Bank | Parkway Bank and Trust Company |
| Aug 2, 1997 | Patriot National Bank | United Bank |
| Aug 2, 1997 | The Professional Bank | Vectra Bank |
| Aug 2, 1997 | Indiana Federal Bank for Savings | Fifth Third Bank, Indiana |
| Aug 2, 1997 | Community Bank, A FSB | Fifth Third Bank, Indiana |
| Aug 2, 1997 | CB Bancorp, Inc. | Pinnacle Financial Services, Inc. |
| Aug 2, 1997 | Indiana Federal Corporation | Pinnacle Financial Services, Inc. |
| Aug 2, 1997 | First Patriot Bankshares Corporation | Ub Holding Company, Inc. |
| Aug 1, 1997 | Midwest Bancshares, Inc. | Midwest Bancorporation, Inc. |
| Aug 1, 1997 | Collective Bancorp, Inc. | Summit Bancorp. |
| Aug 1, 1997 | Bridgeport Bancorp, Inc. | Integra Bank Corporation |
| Aug 1, 1997 | Katy Credit Union | A New Direction Credit Union |
| Aug 1, 1997 | American National Financial Corporation | First Northwest Florida Holding Company |
| Aug 1, 1997 | First Union Corporation of South Carolina | Wachovia Corporation |
| Aug 1, 1997 | First Union Corporation of Virginia | Wachovia Corporation |
| Aug 1, 1997 | Northeast Bancorp, Inc. | First Fidelity Incorporated |
| Aug 1, 1997 | U.S. Bancorp | U.S. Bancorp |
| Aug 1, 1997 | First Union National Bank of Washington, D.C. | Wachovia Bank, N.A. |
| Aug 1, 1997 | First Union National Bank of Tennessee | Wachovia Bank, N.A. |
| Aug 1, 1997 | First Union National Bank of Maryland | Wachovia Bank, N.A. |
| Aug 1, 1997 | Citizens Savings Association Federal Association | Deposit Guaranty National Bank |
| Aug 1, 1997 | Bank One Wisconsin Trust Company, N.A. | Bank One Trust Company, N.A. |
| Aug 1, 1997 | Pinemont Bank | Amegy Bank National Association |
| Aug 1, 1997 | First American Bank, National Association | Bremer Bank, N.A. |
| Aug 1, 1997 | First Union National Bank of South Carolina | Wachovia Bank, N.A. |
| Aug 1, 1997 | Peoples Savings Bank & Trust | Webster Bank, N.A. |
| Aug 1, 1997 | American First National Bank | Cascade Bank |
| Aug 1, 1997 | 3355 Federal Credit Union | Hamilton Horizons Federal Credit Union |
| Aug 1, 1997 | United States National Bank of Oregon | U.S. Bank National Association |
| Aug 1, 1997 | First Union Bank of Connecticut | Wachovia Bank, N.A. |
| Aug 1, 1997 | First Union National Bank of Virginia | Wachovia Bank, N.A. |
| Aug 1, 1997 | Bank of Marlinton | First Citizens Bank & Trust Company |
| Jul 31, 1997 | Oskaloosa Bancshares, Inc. | The State Bank of Oskaloosa |
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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