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 1, 1997 | First Commerce Banks of Florida, Inc. | The Colonial Bancgroup, Inc. |
| Jul 1, 1997 | Valley Falls Insurance, Inc. | Northeast Kansas Bancshares, Inc. |
| Jul 1, 1997 | The Garrard Bank & Trust Company | Whitaker Bank, Inc |
| Jul 1, 1997 | American Federal Savings and Loan Association | Sullivan Bank |
| Jul 1, 1997 | City Bank | Citizens Bank |
| Jul 1, 1997 | Assumption Bank and Trust Company | ArgentBank |
| Jul 1, 1997 | Bank of Commerce | Deposit Guaranty National Bank |
| Jul 1, 1997 | Kemps Marigold Credit Union | Topline Financial Credit Union |
| Jul 1, 1997 | Henry Pratt Employees Federal Credit Union | Earthmover Credit Union |
| Jul 1, 1997 | Portland Maine Teachers Federal Credit Union | Cumberland County Federal Credit Union |
| Jul 1, 1997 | The First National Bank of Carlisle | Whitaker Bank, Inc |
| Jul 1, 1997 | CB North | Citizens Bank |
| Jul 1, 1997 | Bell Tech Credit Union | Bell West Community Credit Union |
| Jul 1, 1997 | Ahdawagam Credit Union | Members' Advantage Credit Union |
| Jul 1, 1997 | Community First Bank | Community First Bank, National Association |
| Jul 1, 1997 | Richmond Continental Federal Credit Union | Cadmus Credit Union, Inc. |
| Jul 1, 1997 | Olympic Packaging Employee Federal Credit Union | Great Lakes Credit Union |
| Jul 1, 1997 | First American National Bank of Kentucky | First American National Bank |
| Jul 1, 1997 | M&I Bank of Delavan | M&I Bank South |
| Jul 1, 1997 | M&I Bank of Beloit | M&I Bank South |
| Jul 1, 1997 | Plant 18 Federal Credit Union | Texas Bay Credit Union |
| Jul 1, 1997 | Council Bluffs Postal Credit Union | First Class Community Credit Union |
| Jul 1, 1997 | Brainard Rivet Company Credit Union, Inc. | Seven Seventeen Credit Union Inc |
| Jul 1, 1997 | Roig Commercial Bank | Banco Popular de Puerto Rico |
| Jul 1, 1997 | I C D Federal Credit Union | Painesville Credit Union |
| Jul 1, 1997 | The Union National Bank of Macomb | Midamerica National Bank |
| Jul 1, 1997 | United Federal Savings Bank of Vincennes | Alliance Bank |
| Jul 1, 1997 | First State Bank | Rivers Edge Bank |
| Jul 1, 1997 | Ashland State Bank | ABC Bank |
| Jul 1, 1997 | Michael Reese Hospital Employees Federal Credit Union | Northstar Credit Union |
| Jul 1, 1997 | Bank of America Trust Company of Florida, National Association | (unnamed) |
| Jul 1, 1997 | Reliance Ashtabula Credit Union, Inc. | Cardinal Credit Union, Inc. |
| Jul 1, 1997 | Bank of America Illinois | (unnamed) |
| Jul 1, 1997 | City Bank and Trust Company | Citizens Bank |
| Jul 1, 1997 | Taylor Manufacturing Employees Credit Union | Abound Federal Credit Union |
| Jul 1, 1997 | Peoples Bank of Columbus Junction | Community Bank & Trust Company |
| Jul 1, 1997 | Federal Employees of New Castle County Federal Credit Union | Dover Federal Credit Union |
| Jul 1, 1997 | First Bank and Trust | First US Bank |
| Jul 1, 1997 | Old Kent Bank | Fifth Third Bank |
| Jul 1, 1997 | Miami Florida Baptist Hospital Federal Credit Union | Baptist Health South Florida Federal Credit Union |
| Jul 1, 1997 | Home Bank | Peninsula Bank |
| Jul 1, 1997 | Farmers Bank | Peninsula Bank |
| Jul 1, 1997 | First Commerce Bank of Polk County | Colonial Bank |
| Jul 1, 1997 | Lakeland Catholic Credit Union | Vibe Credit Union |
| Jul 1, 1997 | Marine Systems West Federal Credit Union | Kinecta Federal Credit Union |
| Jul 1, 1997 | Bank of Ellendale | Keen Bank, N.A. |
| Jul 1, 1997 | Bucktail Bank and Trust Company | Sun Bank |
| Jul 1, 1997 | Secured Trust Corporation | Secured Trust Bank |
| Jul 1, 1997 | Great Southern Bancorp | The Colonial Bancgroup, Inc. |
| Jul 1, 1997 | Advanta National Bank | Advanta 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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