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.
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 |
|---|---|---|
| Mar 17, 1997 | Northern State Bank | Washington Trust Bank |
| Mar 15, 1997 | West Carroll National Bank of Oak Grove | Regions Bank of Louisiana |
| Mar 15, 1997 | First National Bank, Cedar Rapids, Iowa | First National Bank Iowa |
| Mar 14, 1997 | West Carroll Bancshares, Inc. | Regions Financial Corporation |
| Mar 14, 1997 | Lamorinda National Bank | U.S. Bank of California |
| Mar 14, 1997 | Commercial Bank of Fremont | U.S. Bank of California |
| Mar 14, 1997 | Concord Commercial Bank | U.S. Bank of California |
| Mar 14, 1997 | Community First National Bank | U.S. Bank of California |
| Mar 14, 1997 | Citizens Bank of Washington, National Association | Crestar Bank |
| Mar 14, 1997 | Citizens Bank of Maryland | Crestar Bank |
| Mar 14, 1997 | The Bank of San Ramon Valley | U.S. Bank of California |
| Mar 14, 1997 | Modesto Banking Company | U.S. Bank of California |
| Mar 14, 1997 | Westside Bank | U.S. Bank of California |
| Mar 14, 1997 | Alameda First National Bank | U.S. Bank of California |
| Mar 14, 1997 | The Bank of Milpitas, National Association | U.S. Bank of California |
| Mar 13, 1997 | Horizon Bank & Trust, SSB | Compass Bank |
| Mar 10, 1997 | Alta Mesa National Bank | Summit Community Bank, National Association |
| Mar 10, 1997 | Platte Valley Banc, Inc. | Platte Valley Financial Service Companies, Inc. |
| Mar 10, 1997 | Mercantile Pennsylvania Corporation | Mercantile-Safe Deposit and Trust Company |
| Mar 10, 1997 | O.L.B.H. Federal Credit Union | Members Choice Credit Union |
| Mar 8, 1997 | Community Bank of Utica | Lasalle State Bank |
| Mar 8, 1997 | First Security Bank of Cary-Grove | Grand National Bank |
| Mar 8, 1997 | First Virginia Bank-Central Maryland | Farmers Bank of Maryland |
| Mar 7, 1997 | (unnamed) | Mercantile Bank of Western Missouri |
| Mar 7, 1997 | CSBCC, Inc. | The New Galveston Company |
| Mar 7, 1997 | Corpus Christi Bancshares, Inc. | The New Galveston Company |
| Mar 7, 1997 | Citizens State Bank of Corpus Christi | Frost Bank |
| Mar 7, 1997 | Elkridge Bank | FCNB Bank |
| Mar 6, 1997 | Jefferson Bank of Florida | Colonial Bank |
| Mar 6, 1997 | Dalton/Whitfield Bank & Trust | Colonial Bank |
| Mar 6, 1997 | Duco Bancshares, Inc. | Inland Financial Acquisitions, Inc. |
| Mar 6, 1997 | Shamrock Holding, Inc. | The Colonial Bancgroup, Inc. |
| Mar 5, 1997 | Grove Bank | Citizens Bank of Massachusetts |
| Mar 5, 1997 | Peoples Bancorp of Washington | German American Holdings Corporation |
| Mar 5, 1997 | Regional Bancshares, Inc. | Ameribanc, Inc. |
| Mar 5, 1997 | The Union Bank | Peoples Bank |
| Mar 3, 1997 | The First Mineola Corporation | First Mineola, Inc. |
| Mar 3, 1997 | M S G R Champion K of C Credit Union | River Rouge Municipal Credit Union |
| Mar 2, 1997 | Mobil Lindsay Federal Credit Union | Pegasus Community Credit Union |
| Mar 1, 1997 | Midpar Investment, Inc. | Valley National Bank |
| Mar 1, 1997 | Homeland Bankshares Corporation | HBC Acquisition Sub, Inc |
| Mar 1, 1997 | First Corinth Corporation | Trustmark Corporation |
| Mar 1, 1997 | Midland Bancorporation, Inc. | Valley National Bancorp |
| Mar 1, 1997 | B.M.J. Financial Corp. | Summit Bancorp. |
| Mar 1, 1997 | Citi-Bancshares, Inc. | Huntington Bancshares Florida, Inc. |
| Mar 1, 1997 | Midland Realty Company, Inc. | Valley National Bank |
| Mar 1, 1997 | Kilbourn State Bank | Bank Wisconsin |
| Mar 1, 1997 | Security Bank, FSB | Western Security Bank |
| Mar 1, 1997 | Woodford County Bank | Heartland Bank and Trust Company |
| Mar 1, 1997 | Wayne Junction Savings Association | Tioga-Franklin Savings 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.
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