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 1, 1997 | Champaign Meadow Gold Credit Union | Community Plus Federal Credit Union |
| Apr 1, 1997 | Daisy Employees Federal Credit Union | Uark Federal Credit Union |
| Apr 1, 1997 | Farmers Savings Bank | First State Bank |
| Apr 1, 1997 | Bancoklahoma Trust Company | BOKF, N.A. |
| Apr 1, 1997 | Northland Credit Union | Northland Teachers Community Credit Union |
| Apr 1, 1997 | Kent Savings and Loan Association, F.A. | Shore United Bank, N.A. |
| Apr 1, 1997 | (unnamed) | Community First National Bank |
| Apr 1, 1997 | St. Jude Employees Credit Union | First South Financial Federal Credit Union |
| Apr 1, 1997 | Colorado Community First State Bank | Community First National Bank |
| Apr 1, 1997 | First American Credit Union | Century Credit Union |
| Apr 1, 1997 | First Federal Bank of Eau Claire, FSB | Bank Mutual |
| Apr 1, 1997 | Suntrust Bank, Treasure Coast, National Association | Suntrust Bank, South Florida, N.A. |
| Apr 1, 1997 | Valley Commercial Bank | West Coast Bank |
| Apr 1, 1997 | American Interstate Bank, National Association | American Interstate Bank |
| Apr 1, 1997 | Colorado Community First National Bank | Community First National Bank |
| Apr 1, 1997 | Capital Bank | Deposit Guaranty National Bank of Louisiana |
| Apr 1, 1997 | American Interstate Bank, National Association | American Interstate Bank |
| Apr 1, 1997 | Spelman Credit Union | Saint Lukes Credit Union |
| Mar 31, 1997 | Burlington Railroad Employees Credit Union | B.C.S. Community Credit Union |
| Mar 31, 1997 | Elan Credit Reporting Agency, Inc. | Firstar Bank Milwaukee, National Association |
| Mar 31, 1997 | Boatmen's Illinois, Inc. | NB Holdings Corporation |
| Mar 31, 1997 | CRC Corporation | Firstar Holdings Corporation |
| Mar 31, 1997 | Sovereign Community Bank | Santander Bank, N.A. |
| Mar 31, 1997 | Cbi-Central Kansas, Inc. | Commerce Bancshares, Inc. |
| Mar 31, 1997 | FMC Princeton Federal Credit Union | Trumark Credit Union |
| Mar 31, 1997 | Sinval Ridgway Federal Credit Union | Penntech Employees Federal Credit Union |
| Mar 31, 1997 | (unnamed) | First State Bank |
| Mar 28, 1997 | Charter Bank | SouthTrust Bank of Florida, National Association |
| Mar 27, 1997 | Peoples Bancshares, Inc. | Peoples Bank and Loan Co. |
| Mar 26, 1997 | Florida First Bancorp, Inc. | Regions Financial Corporation |
| Mar 26, 1997 | Southern Crescent Bank | Tucker Federal Bank |
| Mar 25, 1997 | First Agency of Barnesville, Inc. | Firstar Corporation of Minnesota |
| Mar 25, 1997 | Savanna Bancorp, Inc | Thomson Investment Company, Inc. |
| Mar 24, 1997 | Allied Bank, F.S.B. | National Bank of the Redwoods |
| Mar 24, 1997 | Continental Security Bancshares, Inc. | CSB Acquisition Corporation |
| Mar 24, 1997 | Affilated of Florida Incorporated Credit Union | Floridacentral Credit Union |
| Mar 22, 1997 | Bank One, Rensselaer, National Association | Bank One, Indiana, National Association |
| Mar 22, 1997 | The First National Bank of Gatlinburg | BankFirst |
| Mar 22, 1997 | Bank One, Bloomington, National Association | Bank One, Indiana, National Association |
| Mar 22, 1997 | Bank One, Merrillville, National Association | Bank One, Indiana, National Association |
| Mar 22, 1997 | Bent Tree National Bank | Northern Trust Bank of Texas National Association |
| Mar 22, 1997 | Bank One, Lafayette, National Association | Bank One, Indiana, National Association |
| Mar 22, 1997 | Bank One, Marion, Indiana, National Association | Bank One, Indiana, National Association |
| Mar 22, 1997 | Bank One Crawfordsville, National Association | Bank One, Indiana, National Association |
| Mar 22, 1997 | Bank One, Richmond, National Association | Bank One, Indiana, National Association |
| Mar 22, 1997 | First National Bank of Northbrook | Grand National Bank |
| Mar 21, 1997 | Norwest Bank Texas, San Antonio, National Association | Norwest Bank Texas, South, National Association |
| Mar 21, 1997 | Norwest Bank Texas, Kelly Field, National Association | Norwest Bank Texas, South, National Association |
| Mar 21, 1997 | The Bank of Alton | Mercantile Bank of Illinois |
| Mar 17, 1997 | Stockton Record Credit Union | Central State 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.
Explore: all mergers · 1997 bank events · browse by acquirer · bank failures · all events