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 |
|---|---|---|
| Apr 19, 1997 | (unnamed) | Whitney National Bank of Mississippi |
| Apr 19, 1997 | The Co-operative Bank of Concord | USTrust |
| Apr 19, 1997 | (unnamed) | Commerce Bank, National Association |
| Apr 19, 1997 | Pioneer Federal Savings Bank | First Hawaiian Bank |
| Apr 19, 1997 | First Bank North | Grand National Bank |
| Apr 19, 1997 | Firstate Financial, F.A. | Republic Bank |
| Apr 19, 1997 | Mercantile Bank of Sterling-Rock Falls National Association | Mercantile Bank of Northern Illinois |
| Apr 19, 1997 | Pinnacle Bank FSB | Pinnacle Bank |
| Apr 18, 1997 | City National Bank | Tyler Bank and Trust, National Association |
| Apr 18, 1997 | Greater Brazos Valley Bancorp, Inc. | Compass Banks of Texas, Inc. |
| Apr 18, 1997 | Greater Brazos Valley Delaware | Compass Bancorporation of Texas, Inc. |
| Apr 18, 1997 | West Coast Bancorp, Inc. | Southwest Banks, Inc. |
| Apr 18, 1997 | Merchants Bancshares, Inc. | Whitney Holding Corporation |
| Apr 18, 1997 | Texas Bank | Norwest Bank Texas, South Central |
| Apr 18, 1997 | Diamond Bank | Community Bank and Trust |
| Apr 18, 1997 | Commerce National Bank | Compass Bank |
| Apr 16, 1997 | Susquehanna Bancshares East II, Inc. | Susquehanna Bancshares East, Inc. |
| Apr 15, 1997 | American Security Bancshares, Inc. | Community Bancorp of Louisiana, Inc. |
| Apr 15, 1997 | Liberty Financial Services, Incorporated | Banc One Kentucky Corporation |
| Apr 14, 1997 | Pointe Federal Savings Bank | Pointe Bank |
| Apr 12, 1997 | Gulf South Bancshares, Inc. | Regions Financial Corporation |
| Apr 12, 1997 | Vallicorp Holdings, Inc. | Westamerica Bancorporation |
| Apr 12, 1997 | Gulf South Bank and Trust Company | Regions Bank of Louisiana |
| Apr 11, 1997 | Hebron Banshares, Inc. | Dakota Community Banshares, Inc. |
| Apr 11, 1997 | Dakota Community Bank | Dakota Community Bank & Trust, N.A. |
| Apr 10, 1997 | Tara Bankshares Corporation | First Citizens Corporation |
| Apr 7, 1997 | Bank of Chicago, S.B. | TCF National Bank Illinois |
| Apr 5, 1997 | Richland Bank & Trust | Stockman Bank of Montana |
| Apr 5, 1997 | First Bank South | Grand National Bank |
| Apr 5, 1997 | FirstWest Bank | Stockman Bank of Montana |
| Apr 4, 1997 | Today's Trust Company | Mercantile Bank of Northern Illinois |
| Apr 4, 1997 | The Union Bank | Colonial Bank |
| Apr 3, 1997 | Bricklayers Credit Union, Inc. | Firefighters Community Cu |
| Apr 1, 1997 | The First National Bank of Rotan | First National Bank |
| Apr 1, 1997 | Greensburg Bancorp, Inc | Limestone Bancorp, Inc |
| Apr 1, 1997 | Orbit Savings and Credit Association Credit Union | Wright Credit Union |
| Apr 1, 1997 | Island National Bank and Trust Company | 1st United Bank |
| Apr 1, 1997 | Ireton Bancorp | Vogel Bancshares, Inc. |
| Apr 1, 1997 | Badger Northland Employees Credit Union | Unison Credit Union |
| Apr 1, 1997 | First Capital Bancorp, Inc. | Deposit Guaranty Louisiana Corp. |
| Apr 1, 1997 | McKesson Water Products Employees Federal Credit Union | McKesson Employees Federal Credit Union |
| Apr 1, 1997 | The Greensburg Savings and Loan Association, FSB | First Federal Savings and Loan Association of Greensburg |
| Apr 1, 1997 | Baptist Medical Center Credit Union | Healthcare Community Credit Union |
| Apr 1, 1997 | Pure Milk Employee Credit Union | Members Choice of Central Texas Federal Credit Union |
| Apr 1, 1997 | Bank of the Southwest | Sunflower Bank, N.A. |
| Apr 1, 1997 | American West Bank | Bank of Los Angeles |
| Apr 1, 1997 | First Valley Bank | Santa Barbara Bank & Trust, National Association |
| Apr 1, 1997 | Mattison Federal Credit Union | Rockford Bell Credit Union |
| Apr 1, 1997 | Mtemc Credit Union | Heritage South Community Credit Union |
| Apr 1, 1997 | Toa Credit Union | Capitol Credit Union |
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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