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.
714
Banks acquired
NIC, banks as the acquired side
0
Credit unions merged
NIC, credit unions as the acquired side
274
Holding companies
Bank holding companies merged
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 |
|---|---|---|
| Jun 1, 1997 | Austin County Bankshares, Inc. | Texas Financial Bancorporation, Inc. |
| Jun 1, 1997 | Liberty Bancorp, Inc. | Banc One Oklahoma Corporation |
| Jun 1, 1997 | Colorado National Bank Aspen | U.S. Bank National Association |
| Jun 1, 1997 | Bank Midwest, Minnesota Iowa, National Association | Bank Midwest |
| Jun 1, 1997 | Colorado National Bank | U.S. Bank National Association |
| Jun 1, 1997 | Relco Credit Union | I E C Federal Credit Union |
| Jun 1, 1997 | Wells Fargo Bank (Colorado), National Association | Wells Fargo Bank, N.A. |
| Jun 1, 1997 | RC Hospital Credit Union | Civic Federal Credit Union |
| Jun 1, 1997 | M&I Bank Southwest | M&I Bank of Southern Wisconsin |
| Jun 1, 1997 | First Bank of South Dakota (National Association) | First Bank of South Dakota (N.A.) |
| Jun 1, 1997 | First Bank of South Dakota (National Association) | U.S. Bank National Association |
| Jun 1, 1997 | First Bank (National Association) | U.S. Bank National Association |
| Jun 1, 1997 | Peru Catholic Credit Union | Illinois Valley Credit Union |
| Jun 1, 1997 | First Bank National Association | U.S. Bank National Association |
| Jun 1, 1997 | Yakima County Federal Employees Credit Union | Solarity Credit Union |
| Jun 1, 1997 | Ciba Corning Employees Federal Credit Union | Sharon & Crescent United Credit Union |
| Jun 1, 1997 | Riverbend Federal Credit Union | Spokane Teachers Credit Union |
| Jun 1, 1997 | Ward Cove Federal Credit Union | Credit Union 1 |
| May 31, 1997 | Metropolitan Companies Federal Credit Union | Red Crown Federal Credit Union |
| May 31, 1997 | Morgan Stanley Group, Inc. | Morgan Stanley |
| May 31, 1997 | Border Bancshares, Inc. | Border Bancshares, Inc. |
| May 31, 1997 | Port St. Lucie National Bank Holding Corp. | Seacoast Banking Corporation of Florida |
| May 31, 1997 | Port St. Lucie National Bank | Seacoast National Bank |
| May 31, 1997 | Financial Trust Corp | Keystone Financial, Inc. |
| May 31, 1997 | Star-Journal and Chieftain Credit Union | Minnequa Works Credit Union |
| May 31, 1997 | The New Iberia Bancorp, Inc. | Regions Financial Corporation |
| May 31, 1997 | Vallejo City Federal Credit Union | The Golden 1 Credit Union |
| May 31, 1997 | First Financial Bank of Southeast Missouri | Union Planters Bank of Southeast Missouri |
| May 31, 1997 | Citizens First Financial Bank | Union Planters Bank of Southeast Missouri |
| May 31, 1997 | First Bank, Federal Savings Bank | U.S. Bank National Association |
| May 31, 1997 | The First National Bank of Union Springs | Amerifirst Bank |
| May 31, 1997 | Samsonite Employees Federal Credit Union | Ascend Federal Credit Union |
| May 31, 1997 | First Financial Bank of Ste. Genevieve County | Union Planters Bank of Southeast Missouri |
| May 31, 1997 | US Community Savings Bank, F.S.B. | Los Padres Bank |
| May 30, 1997 | Key Bancshares of Vermont Inc. | Keycorp |
| May 30, 1997 | Key Bank of the Rocky Mountains, Inc. | Keycorp |
| May 30, 1997 | Wisconsin Ban Corp. | F & M Merger Corporation |
| May 30, 1997 | First Alamogordo Bancorp, Inc. | First Alamogordo Bancorp of Nevada, Inc. |
| May 30, 1997 | Key Bancshares of Washington, Inc. | Keycorp |
| May 30, 1997 | Key Bancshares of Alaska, Inc. | Keycorp |
| May 30, 1997 | Key Bancshares of Maine Inc. | Keycorp |
| May 30, 1997 | Dakota Bancshares, Inc. | West Point Bancorp, Inc. |
| May 30, 1997 | First Federal Savings Bank of Western Maryland | American Trust Bank, National Association |
| May 29, 1997 | TRH Oklahoma, Inc. | Arvest Central Oklahoma, Inc. |
| May 29, 1997 | First Bank of Eureka | Heartland Bank and Trust Company |
| May 29, 1997 | First Bank of Washington | Heartland Bank and Trust Company |
| May 28, 1997 | Broadway Capital Corp. | Bostonfed Bancorp, Inc. |
| May 27, 1997 | Premier Bankshares Corporation | First Virginia Banks, Inc. |
| May 24, 1997 | Dacotah Bank | Dacotah Bank |
| May 24, 1997 | Dacotah Bank | Dacotah 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.
Explore: all mergers · 1997 bank events · browse by acquirer · bank failures · all events