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 |
|---|---|---|
| Mar 1, 1997 | Ctus, Inc. | HSBC USA Inc. |
| Mar 1, 1997 | Farrington Bank | United Trust Bank |
| Mar 1, 1997 | First Northwestern Bank, National Association | Prime Bank |
| Mar 1, 1997 | Iuka Guaranty Bank | Cadence Bank |
| Mar 1, 1997 | Land O'Lakes Federal Credit Union | Heartland Credit Union |
| Mar 1, 1997 | Loan and Building, SSB | First Federal Savings Bank of North Texas |
| Mar 1, 1997 | The Midland Bank and Trust Company | Valley National Bank |
| Mar 1, 1997 | Citizens Trust Company | Citizens Bank of Rhode Island |
| Mar 1, 1997 | Teamsters #58 Credit Union | Cowlitz Credit Union |
| Mar 1, 1997 | Citizens National Bank of Leesburg | The Huntington National Bank of Florida |
| Mar 1, 1997 | First National Bank and Trust Company in Gibson City | Heartland Bank and Trust Company |
| Mar 1, 1997 | United American Bank of Memphis | First Commercial Bank, National Association of Memphis |
| Mar 1, 1997 | Klickitat Valley Bank | Columbia River Bank |
| Mar 1, 1997 | First Federal Savings and Loan Association of Rochester | HSBC Bank USA, N.A. |
| Mar 1, 1997 | (unnamed) | Union Planters Bank of Missouri |
| Mar 1, 1997 | AmBank Illinois | Ambank Illinois, National Association |
| Mar 1, 1997 | Gateway Employees Federal Credit Union | Leyden Credit Union |
| Mar 1, 1997 | Hamilton Tool Credit Union, Inc. | Chaco Credit Union, Inc. |
| Mar 1, 1997 | National Bank of Commerce of Corinth | Trustmark Bank |
| Mar 1, 1997 | Chicago Osteopathic Center Federal Credit Union | Northstar Credit Union |
| Mar 1, 1997 | (unnamed) | Modern Bank, N.A. |
| Feb 28, 1997 | Equity Bank | SouthTrust Bank of Florida, National Association |
| Feb 28, 1997 | First National Bankshares, Inc. | Whitney Holding Corporation |
| Feb 26, 1997 | First Bancorporation, Inc. | First Bancorporation, Inc. |
| Feb 23, 1997 | Union Federal Savings Bank | Bay State Federal Savings Bank |
| Feb 22, 1997 | Bridgeville Savings Bank, F.S.B. | Northwest Bank |
| Feb 21, 1997 | Centra Financial, Inc. | Associated Banc-Corp |
| Feb 19, 1997 | First Dewitt Bank | Santander Bank, N.A. |
| Feb 18, 1997 | Collective Bank of New Jersey | Collective Bank |
| Feb 15, 1997 | Bank One, Champaign-Urbana | Bank One, Illinois, National Association |
| Feb 15, 1997 | Bank One, Peoria | Bank One, Illinois, National Association |
| Feb 15, 1997 | BMC Bancshares, Inc. | Hbi Acquisition Company |
| Feb 15, 1997 | Corning Creencastle Fcu | Corning Federal Credit Union |
| Feb 15, 1997 | Bank One, Chicago, National Association | Bank One, Illinois, National Association |
| Feb 15, 1997 | Bank One, Bloomington-Normal | Bank One, Illinois, National Association |
| Feb 15, 1997 | (unnamed) | Citizens Bank of Illinois, National Association |
| Feb 15, 1997 | Bank One, Rockford, National Association | Bank One, Illinois, National Association |
| Feb 14, 1997 | Clinton State Bank | The Merchants National Bank of Terre Haute |
| Feb 14, 1997 | The Rockville National Bank | The Merchants National Bank of Terre Haute |
| Feb 14, 1997 | West Central Illinois Bancorp, Inc. | Midwest Bank |
| Feb 14, 1997 | W.B.T. Holding Company | First Commercial Corporation |
| Feb 14, 1997 | First Northern Savings Bank, a Savings and Loan Association | FirsTier Bank |
| Feb 14, 1997 | Community First State Bank | Community First State Bank |
| Feb 13, 1997 | Leffler Bank Holding Company | Security First Bank |
| Feb 12, 1997 | 26th District Real Estate Credit Union | E-Central Credit Union |
| Feb 11, 1997 | Liberty Federal Savings Bank | Liberty Federal Bank |
| Feb 8, 1997 | Central Jersey Savings Bank, SLA | Summit Bank |
| Feb 7, 1997 | Prairie Security Bank | Venture Bank |
| Feb 7, 1997 | Quam-Nichols Credit Union | Vicinity Credit Union |
| Feb 7, 1997 | Minnesota Valley Bank | Minnwest 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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