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 |
|---|---|---|
| Jan 7, 1997 | Boatmen's Bancshares, Inc. | NB Holdings Corporation |
| Jan 7, 1997 | Pierson Bancorporation, Inc. | American Bancshares, Inc. |
| Jan 6, 1997 | Wichita Federal Savings and Loan Association | Emprise Bank |
| Jan 4, 1997 | Jefferson Guaranty Bancorp | Deposit Guaranty Louisiana Corp. |
| Jan 4, 1997 | The Jefferson Guaranty Bank | Deposit Guaranty National Bank of Louisiana |
| Jan 4, 1997 | The Fifth Third Savings Bank of Western Kentucky, F.S.B. | Fifth Third Bank, Kentucky, Inc. |
| Jan 4, 1997 | Fifth Third Savings Bank of Northern Kentucky, F.S.B. | The Fifth Third Bank of Northern Kentucky, Inc. |
| Jan 4, 1997 | Fifth Third Savings Bank of Northern Ohio | Fifth Third Bank of Northeastern Ohio |
| Jan 4, 1997 | California Federal Bank, a Federal Savings Bank | California Federal Bank |
| Jan 4, 1997 | Tomoka State Bank | Colonial Bank |
| Jan 4, 1997 | Tomoka Bancorp, Inc. | The Colonial Bancgroup, Inc. |
| Jan 3, 1997 | First National Bancshares, Inc. | Jorgenson Holding Company |
| Jan 3, 1997 | Jefferson Bancorp, Inc. | The Colonial Bancgroup, Inc. |
| Jan 2, 1997 | Deerwood Bancorporation, Inc. | Deerwood Bancshares, Inc. |
| Jan 2, 1997 | Grant Bancshares Inc. | Community First Financial, Inc. |
| Jan 2, 1997 | (unnamed) | First Bank and Trust |
| Jan 2, 1997 | Southern Colorado Bank Holding Company | Southern Colorado Corp. |
| Jan 2, 1997 | Litchfield Community Savings, S.B. | Jacksonville Savings Bank |
| Jan 2, 1997 | Syntex Employees Federal Credit Union | Stanford Federal Credit Union |
| Jan 2, 1997 | Greater Boston Bank A Co-operative Bank | Grove Bank |
| Jan 2, 1997 | Rosb Bancorp, Inc. | Maincorp Intermediate Holding Company, Inc. |
| Jan 1, 1997 | (unnamed) | North American Trust Company |
| Jan 1, 1997 | United Mizrahi Bank and Trust Company | Safra National Bank of New York |
| Jan 1, 1997 | Saint Peters Canton Parish Federal Credit Union | Saint Josephs Canton Parish Federal Credit Union |
| Jan 1, 1997 | Blackmer Pump Credit Union | Bloom Credit Union |
| Jan 1, 1997 | First Southwest Bancorp, Inc. | First State Bancshares of Blakely, Inc. |
| Jan 1, 1997 | Mathematical Investment Management, Inc. | Provident Financial Group, Inc. |
| Jan 1, 1997 | Sun Capital Bancorp | U.S. Bancorp |
| Jan 1, 1997 | TNB Holding Company | Hibernia Corporation |
| Jan 1, 1997 | Bank of America New Mexico, National Association | (unnamed) |
| Jan 1, 1997 | Nebraska State Bank | Security First Bank |
| Jan 1, 1997 | Bank of America Arizona | (unnamed) |
| Jan 1, 1997 | Lasalle National Trust, N.A. | LaSalle Bank National Association |
| Jan 1, 1997 | Montour Bank | Omega Bank |
| Jan 1, 1997 | FirstMerit Bank, National Association | SouthTrust Bank of Florida, National Association |
| Jan 1, 1997 | First Sterling Bancorp, Inc. | Prime Bancorp, Inc. |
| Jan 1, 1997 | Hastings Financial Corporation | First Financial Bancorp |
| Jan 1, 1997 | Franklin Federal Bancorp, A Federal Savings Bank | Norwest Bank Texas, South Central |
| Jan 1, 1997 | Seaway Financial Corporation | Old Kent Financial Corporation |
| Jan 1, 1997 | Gustine-Deleon Bancshares, Inc. | Dublin Bancshares, Inc. |
| Jan 1, 1997 | Hillcrest Bancshares, Inc. | Hillcrest Bancshares, Inc. |
| Jan 1, 1997 | Texarkana National Bancshares, Inc. | Hibernia Corporation |
| Jan 1, 1997 | Hartsville Bancshares, Inc. | First American Corporation |
| Jan 1, 1997 | Citizens Bancorp | Crestar Financial Corporation |
| Jan 1, 1997 | United Bank | United Bank |
| Jan 1, 1997 | Chemlake Federal Credit Union | Chemcel Federal Credit Union |
| Jan 1, 1997 | Community First National Bank | Community First National Bank |
| Jan 1, 1997 | North Side Savings Bank | North Fork Bank |
| Jan 1, 1997 | United Southwest Bank | United Southwest Bank |
| Jan 1, 1997 | Onbank | OnBank & Trust Co. |
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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