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 |
|---|---|---|
| Jul 31, 1997 | Stewart County Federal Credit Union | Doco Credit Union |
| Jul 30, 1997 | Southwestern Savings and Loan Association of Hugoton | Southwest Bank |
| Jul 30, 1997 | Hancock Savings Bank, F.S.B. | Fidelity Federal Bank, a Federal Savings Bank |
| Jul 26, 1997 | Suburban FSB | Fifth Third Bank, N.A. |
| Jul 26, 1997 | Suburban Bancorporation, Inc. | Fifth Third Bancorp |
| Jul 26, 1997 | Trans Financial Bank, FSB | Trans Financial Bank, N.A. |
| Jul 25, 1997 | Florida FirstBank | Regions Bank of Florida |
| Jul 24, 1997 | Wadsworth Building Corporation | Vectra Bank |
| Jul 21, 1997 | Glendale Co-operative Bank | MassBank |
| Jul 19, 1997 | Sun Capital Bank | United States National Bank of Oregon |
| Jul 19, 1997 | Lowcountry Savings Bank, Inc. | Carolina First Bank |
| Jul 19, 1997 | Business & Professional Bank | United States National Bank of Oregon |
| Jul 18, 1997 | Magna Bank, National Association | Magna Bank, National Association |
| Jul 18, 1997 | Homeland Trust Company | Magna Student Loan Company |
| Jul 18, 1997 | Homeland Financial Corporation | HBC Acquisition Sub, Inc |
| Jul 18, 1997 | Magna Bank, FSB | Magna Bank, National Association |
| Jul 18, 1997 | Magna Bank | Magna Bank, National Association |
| Jul 18, 1997 | Landmark Bancshares Corporation | HBC Acquisition Sub, Inc |
| Jul 18, 1997 | Magna Bank | Magna Bank, National Association |
| Jul 18, 1997 | Magna Bank | Magna Bank, National Association |
| Jul 16, 1997 | Bank of Commerce and Trust Company | Whitney Bank |
| Jul 16, 1997 | Commerce Corporation | Hancock Whitney Corporation |
| Jul 15, 1997 | Central Texas Bancorp Inc | Compass Texas Acquisition Corp. |
| Jul 15, 1997 | The Texas National Bank of Waco | Compass Bank |
| Jul 15, 1997 | First American Bank, National Association | Bremer Bank, N.A. |
| Jul 14, 1997 | Commercial National Bank in Shreveport | Deposit Guaranty National Bank |
| Jul 12, 1997 | Boatmen's Bank of Southern Missouri | Bank of America, N.A. |
| Jul 12, 1997 | Boatmen's National Bank of Oklahoma | Bank of America, N.A. |
| Jul 12, 1997 | Stockman Bank of Billings | Stockman Bank of Montana |
| Jul 12, 1997 | Elkhorn Valley Bank | Elkhorn Valley Bank & Trust |
| Jul 12, 1997 | The Oakland National Bank | The Citizens National Bank of Paris |
| Jul 12, 1997 | Greenhorn Valley Bank | Canon National Bank |
| Jul 12, 1997 | Mark Twain Kansas City Bank | Firstar Bank, National Association |
| Jul 12, 1997 | (unnamed) | U.S. Bank National Association |
| Jul 11, 1997 | The Key Bank of Florida | Regions Bank of Florida |
| Jul 11, 1997 | Glass Employees Federal Credit Union | Charter Oak Federal Credit Union |
| Jul 9, 1997 | B.N.Y. Holdings (New Jersey) Corporation | The Bank of New York Company, Inc. |
| Jul 9, 1997 | Summit Bancorp | Signal Corp |
| Jul 8, 1997 | Dauphin Deposit Corporation | Allfirst Financial Inc. |
| Jul 4, 1997 | Community Savings Bank | Three Rivers Bank and Trust Company |
| Jul 3, 1997 | Cu Bancorp | Bank of Hawaii Corporation |
| Jul 2, 1997 | Self Reliance Elizabeth N J Federal Credit Union | Nova Ua Federal Credit Union |
| Jul 2, 1997 | Roosevelt Financial Group, Inc. | Ameribanc, Inc. |
| Jul 2, 1997 | United Carolina Bancshares Corporation | Truist Financial Corporation |
| Jul 2, 1997 | (unnamed) | Roosevelt Bank |
| Jul 2, 1997 | Seaboard Savings Bank, FSB | 1st United Bank |
| Jul 1, 1997 | Bancboston Holdings, Inc. | Bankboston Corporation |
| Jul 1, 1997 | First Bancshares, Inc. | First US Bancshares, Inc. |
| Jul 1, 1997 | First State Financial Services, Inc. | Farmers State Holding Company |
| Jul 1, 1997 | First Central Corporation | First Commercial Corporation |
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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