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

Credit unions merged

NIC, credit unions as the acquired side

274

Holding companies

Bank holding companies merged

1,240

All merger records

1997 in US banking ›

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	State	Assets	Acquirer
Dec 31, 1997	Flagship Bank FSB	CA	—	International City Bank Federal Savings Bank
Dec 31, 1997	PNC Bank, Ohio, National Association	OH	—	PNC Bank, N.A.
Dec 31, 1997	The Crockett State Bank	TX	—	First National Bank of Huntsville
Dec 31, 1997	First Bank of Beverly Hills, State Savings Bank	CA	—	First Bank of Beverly Hills
Dec 31, 1997	PNC Bank, Kentucky, Inc.	KY	—	PNC Bank, N.A.
Dec 31, 1997	P N C Bank, Indiana, Inc.	IN	—	PNC Bank, N.A.
Dec 31, 1997	The Farmers and Savings Bank, Loudonville, Ohio	OH	—	First-Knox National Bank
Dec 31, 1997	Culver National Bank	CA	—	Bank of Los Angeles
Dec 30, 1997	First National Bank of Dayton	TX	—	Paradigm Bank Texas
Dec 29, 1997	Colorado Business Bank, National Association	CO	—	CoBiz Bank
Dec 23, 1997	Carolina State Bank	NC	—	First Charter Bank
Dec 23, 1997	First Interstate Bank, FSB	MT	—	First Interstate Bank
Dec 22, 1997	The Home National Bank of Sutton	WV	—	City National Bank of West Virginia
Dec 22, 1997	The Old National Bank of Huntington	WV	—	City National Bank of West Virginia
Dec 22, 1997	First State Bank and Trust, National Association	WV	—	City National Bank of West Virginia

Biggest bank failures by assets ›

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	State	Acquirer
May 24, 1997	Dacotah Bank	SD	Dacotah Bank
May 24, 1997	Dacotah Bank	SD	Dacotah Bank
May 24, 1997	BayBank NH, National Association	MA	Fleet National Bank
May 24, 1997	BayBank, National Association	MA	Fleet National Bank
May 24, 1997	The East New York Savings Bank	NY	Manufacturers and Traders Trust Company
May 24, 1997	Fort Brooke Bank	FL	Colonial Bank
May 24, 1997	First Security Bank of Oregon	OR	Wells Fargo Trust Company, N.A.
May 24, 1997	Dacotah Bank	SD	Dacotah Bank
May 23, 1997	Banc One Texas Service Corporation	OH	Banc One Texas Corporation
May 23, 1997	405 Corporation	CO	Colorado East Bank & Trust
May 23, 1997	Ark Valley Independent Bank	CO	Colorado East Bank & Trust
May 22, 1997	First Federal Savings Bank	LA	Minden Bank & Trust Company
May 22, 1997	F.C.S.B.	WI	Firstar Corporation of Wisconsin
May 22, 1997	North Bank Corporation	MI	Independent Bank Corporation
May 20, 1997	NBD Indiana, Inc.	IN	First Chicago NBD Corporation
May 19, 1997	Topps Employees Federal Credit Union	PA	Community Regional Credit Union
May 19, 1997	The First State Bank	NE	Adams Bank & Trust
May 17, 1997	Citizens Bank & Trust	AR	First United Bank
May 17, 1997	Aspen Bancshares, Inc.	CO	Zions Bancorporation
May 17, 1997	Bank One, Mansfield	OH	Bank One, National Association
May 17, 1997	Bank One, Dover, National Association	OH	Bank One, National Association
May 17, 1997	Bank One, Coshocton, National Association	OH	Bank One, National Association
May 17, 1997	Trans-World Bank	CA	Glendale Federal Bank, Federal Savings Bank
May 17, 1997	Bank One, Cambridge, National Association	OH	Bank One, National Association
May 17, 1997	West Suburban Bank of Aurora, F.S.B.	IL	West Suburban Bank
May 17, 1997	Bank One, Dayton, National Association	OH	Bank One, National Association
May 17, 1997	West Suburban Bank of Darien	IL	West Suburban Bank
May 17, 1997	The Braintree Savings Bank	MA	USTrust
May 17, 1997	Bank One, Lima, National Association	OH	Bank One, National Association
May 17, 1997	West Suburban Bank of Carol Stream/Stratford Square	IL	West Suburban Bank
May 17, 1997	West Suburban Bank of Downers Grove/Lombard	IL	West Suburban Bank
May 17, 1997	Bank One, Fremont, National Association	OH	Bank One, National Association
May 17, 1997	Bank One, Sidney, National Association	OH	Bank One, National Association
May 17, 1997	Bank One, Cincinnati, National Association	OH	Bank One, National Association
May 17, 1997	Bank One, Cleveland, National Association	OH	Bank One, National Association
May 17, 1997	Bank One, Marion	OH	Bank One, National Association
May 17, 1997	Bank One, Marietta, National Association	OH	Bank One, National Association
May 17, 1997	First Bank of Arkansas	AR	First United Bank
May 17, 1997	Bank One, Athens, National Association	OH	Bank One, National Association
May 17, 1997	Hazen First State Bank	AR	First United Bank
May 17, 1997	Bank One, Akron, National Association	OH	Bank One, National Association
May 17, 1997	Bank One, Portsmouth, National Association	OH	Bank One, National Association
May 17, 1997	Bank One, Youngstown, National Association	OH	Bank One, National Association
May 16, 1997	(unnamed)	—	Firstar Bank, National Association
May 16, 1997	The First Bank of Chattanooga	OK	First Southwest Bank
May 15, 1997	Southwest Bancshares, Inc.	AR	First Commercial Corporation
May 13, 1997	First Shelby Financial Group, Inc.	IL	First Decatur Bancshares, Inc.
May 12, 1997	East Des Moines National Bank	IA	Community State Bank
May 10, 1997	The Commercial and Savings Bank of St. Clair County	MI	Fifth Third Bank
May 10, 1997	Chase Manhattan National Holding Corporation	DE	Chase Holding Delaware Inc.

Bank mergers by year

← 1996 · 1998 →

Year	Merger records
2026	360
2025	433
2024	314
2023	363
2022	432
2021	437
2020	437
2019	547
2018	643
2017	608
2016	655
2015	766

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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