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
Dec 22, 1997	Comfort Bancshares, Inc.	MN	Independent Bancorp of Arizona, Inc.
Dec 22, 1997	Alice Bancshares, Inc.	MN	Independent Bancorp of Arizona, Inc.
Dec 22, 1997	United Texas Financial Corporation	MN	Independent Bancorp of Arizona, Inc.
Dec 22, 1997	Copper Bancshares, Inc.	MN	Lindeberg Financial Corporation
Dec 22, 1997	Ken-Caryl Investment Company	MN	Independent Bancorp of Arizona, Inc.
Dec 22, 1997	American Republic Bancshares, Inc.	MN	Independent Bancorp of Arizona, Inc.
Dec 22, 1997	Wyoming National Bancorporation	WY	Blackhawk Bancorporation
Dec 22, 1997	Goldenbanks of Colorado, Inc.	MN	Independent Bancorp of Arizona, Inc.
Dec 22, 1997	Bank of Montana System	MT	Lindeberg Financial Corporation
Dec 22, 1997	Peoples National Bank	WV	City National Bank of West Virginia
Dec 22, 1997	First State Bank and Trust, National Association	WV	City National Bank of West Virginia
Dec 22, 1997	Bank of Ripley, National Association	WV	City National Bank of West Virginia
Dec 22, 1997	The Merchants National Bank of Montgomery	WV	City National Bank of West Virginia
Dec 22, 1997	Peoples State Bank, National Association	WV	City National Bank of West Virginia
Dec 22, 1997	The First National Bank of Hinton	WV	City National Bank of West Virginia
Dec 22, 1997	The Old National Bank of Huntington	WV	City National Bank of West Virginia
Dec 19, 1997	West-Ark Bancshares, Inc.	AR	First Commercial Corporation
Dec 17, 1997	Bank Corporation of Georgia	GA	Century South Banks, Inc.
Dec 16, 1997	Charlotte Observer Employees Credit Union	NC	Skyla Federal Credit Union
Dec 16, 1997	Entenmanns Employees Credit Union	IL	Meadows Credit Union
Dec 16, 1997	National Bank of Southern California	CA	Southern California Bank
Dec 15, 1997	Central Fidelity Banks, Inc.	VA	Wachovia Corporation
Dec 13, 1997	Citizens Bank of Talladega	AL	First Citizens Bank
Dec 13, 1997	(unnamed)	—	Firstar Bank Missouri, National Association
Dec 13, 1997	West Branch State Bank	IA	First National Bank Iowa
Dec 12, 1997	Citizens Gwinnett Bankshares, Inc.	GA	Premier Bancshares, Inc.
Dec 12, 1997	Zappco, Inc.	MN	U.S. Bancorp
Dec 12, 1997	Kearny Postal Employees Credit Union	NJ	Montclair Postal Employees Credit Union
Dec 11, 1997	Ekco Employees Fcu	PA	West Branch Valley Federal Credit Union
Dec 9, 1997	Rmi, Inc.	WV	City National Bank of West Virginia
Dec 8, 1997	Heritage Bank	MO	Legends Bank
Dec 6, 1997	Bankboyton, a Federal Savings Bank	FL	Fidelity Federal Bank & Trust
Dec 6, 1997	Citizens State Bank	MO	Metropolitan National Bank
Dec 6, 1997	First National Bank of the Berkshires	MA	Legacy Banks
Dec 6, 1997	Marshalltown Savings Bank, FSB	IA	Home Federal Savings Bank
Dec 6, 1997	Liberty Bank and Trust Company of Tulsa, National Association	OK	Bank One Trust Company, N.A.
Dec 6, 1997	Bank One, Oklahoma City	OK	Bank One, Oklahoma, National Association
Dec 5, 1997	High Desert National Bank	CA	Business Bank of California
Dec 5, 1997	Metropolitan Bancshares, Inc.	MO	Metropolitan National Bank
Dec 5, 1997	Combancorp	CA	Popular North America, Inc.
Dec 5, 1997	First National Bank of Grapevine	TX	First State Bank of Texas
Dec 4, 1997	Menomonie Shares, Inc.	WI	Dairy State Bancorp, Inc.
Dec 4, 1997	Talco, Inc.	WI	Dairy State Bancorp, Inc.
Dec 4, 1997	Menomonie Financial Services, Inc.	WI	Dairy State Bancorp, Inc.
Dec 2, 1997	Amboy Bancorporation	NJ	Amboy Bancorporation
Dec 2, 1997	Cascade Bancorp, Inc.	WA	Columbia Banking System, Inc.
Dec 2, 1997	Bank of Fife	WA	Columbia State Bank
Dec 2, 1997	Cascade Community Bank	WA	Columbia State Bank
Dec 2, 1997	Golden Bancshares, Inc.	IL	Mercantile Bancorp, Inc.
Dec 2, 1997	County Financial Corporation	FL	Republic Security Financial Corporation

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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