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 |
|---|---|---|
| Feb 6, 1997 | Pequot Area Bancorporation, Inc. | Walker Ban Co. |
| Feb 6, 1997 | Belleville Bancshares Corporation | Country Bank Shares Corporation |
| Feb 5, 1997 | The First National Bank in Ontonagon | North Country Bank |
| Feb 4, 1997 | Denali Federal Credit Union | Denali Federal Credit Union |
| Feb 4, 1997 | United Valley Bank | The Stockmen's Bank |
| Feb 1, 1997 | National Guardian Employees Federal Credit Union | South Division Credit Union |
| Feb 1, 1997 | Centerbank Mortgage Company | First Union Bank of Connecticut |
| Feb 1, 1997 | The Derby Savings Bank | Webster Bank, N.A. |
| Feb 1, 1997 | Jacksonville City Employees Credit Union | Jax Metro Credit Union |
| Feb 1, 1997 | Salem Trust Bank | Central Carolina Bank and Trust Company |
| Feb 1, 1997 | Onecentral Bank | Glendale Federal Bank, Federal Savings Bank |
| Feb 1, 1997 | Security Federal Savings and Loan Association of Chicago | Pinnacle Bank |
| Feb 1, 1997 | First National Bank | First State Bank Central Texas |
| Feb 1, 1997 | U.S. Savings Bank of Washington | U.S. Bank of Washington, National Association |
| Feb 1, 1997 | Pullman Bank of Commerce & Industry | Park National Bank |
| Feb 1, 1997 | Eli Whitt Employees Credit Union | Transport Credit Union |
| Feb 1, 1997 | Allied Bankshares, Inc. | Regions Financial Corporation |
| Jan 31, 1997 | D/W Bankshares, Inc. | The Colonial Bancgroup, Inc. |
| Jan 31, 1997 | Savannah J-Mers Credit Union | Atlantic Coast Bank |
| Jan 28, 1997 | Western National Bank | State National Bank of West Texas |
| Jan 25, 1997 | Riverside National Bank | City National Bank |
| Jan 24, 1997 | First Oklahoma National Corp | Stigler Bancorporation, Inc. |
| Jan 24, 1997 | Norwest Bank Texas, Wichita Falls, National Association | Wells Fargo Bank Texas, National Association |
| Jan 24, 1997 | Norwest Bank, Texas, Big Spring, National Association | Wells Fargo Bank Texas, National Association |
| Jan 24, 1997 | Cumberland Bancorp, Inc. | First & Farmers Bancshares, Inc. |
| Jan 24, 1997 | Norwest Bank Texas, Midland, National Association | Wells Fargo Bank Texas, National Association |
| Jan 22, 1997 | United Valley Bank | Jefferson Bank |
| Jan 22, 1997 | United Valley Bancorp, Inc. | Jeffbanks, Inc. |
| Jan 22, 1997 | Landmark Bank | Lake Sunapee Bank, FSB |
| Jan 21, 1997 | Summit Bank | (unnamed) |
| Jan 21, 1997 | Independence Bancorp, Inc. | Commerce Bancorp, LLC |
| Jan 21, 1997 | State Bank of Keyesport | Constitution Bank, N.A. |
| Jan 18, 1997 | First Springfield Bank & Trust | Prairie State Bank & Trust |
| Jan 18, 1997 | Frontier Bank, National Association | City National Bank |
| Jan 18, 1997 | American Bank Moorhead | Norwest Bank Minnesota West, National Association |
| Jan 18, 1997 | Bank of Stapleton | Allied Bank of Georgia |
| Jan 18, 1997 | Ventura County National Bancorp | City National Corporation |
| Jan 18, 1997 | Ventura County National Bank | City National Bank |
| Jan 17, 1997 | Southeast National Bank | Whitney Bank |
| Jan 16, 1997 | Home Federal Savings Bank | Charter Bank, S.B. |
| Jan 15, 1997 | Enterprise National Bank of Jacksonville | Compass Bank |
| Jan 15, 1997 | The Talco State Bank | Guaranty Bank & Trust, N.A. |
| Jan 14, 1997 | NDB Realty, Inc. | Fleet Bank-NH |
| Jan 14, 1997 | Northwestern Bank, National Association | Kitsap Bank |
| Jan 11, 1997 | El Camino National Bank | Bank of Santa Maria |
| Jan 11, 1997 | Atlantic Lodge 98 Knights of Pythias Federal Credit Union | Atlantic City Firemens Federal Credit Union |
| Jan 10, 1997 | Colorado Springs Savings and Loan Association | Peoples National Bank |
| Jan 10, 1997 | East Troy Bancshares, Inc. | F & M Merger Corporation |
| Jan 9, 1997 | Minnesota Bankshares Corporation | Valley Bancshares, Inc. |
| Jan 7, 1997 | Farmers Savings Bank | Western Bank & Trust National Association |
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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