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

Credit unions merged

NIC, credit unions as the acquired side

274

Holding companies

Bank holding companies merged

1,240

All merger records

1997 in US banking ›

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	State	Assets	Acquirer
Dec 31, 1997	Flagship Bank FSB	CA	—	International City Bank Federal Savings Bank
Dec 31, 1997	PNC Bank, Ohio, National Association	OH	—	PNC Bank, N.A.
Dec 31, 1997	The Crockett State Bank	TX	—	First National Bank of Huntsville
Dec 31, 1997	First Bank of Beverly Hills, State Savings Bank	CA	—	First Bank of Beverly Hills
Dec 31, 1997	PNC Bank, Kentucky, Inc.	KY	—	PNC Bank, N.A.
Dec 31, 1997	P N C Bank, Indiana, Inc.	IN	—	PNC Bank, N.A.
Dec 31, 1997	The Farmers and Savings Bank, Loudonville, Ohio	OH	—	First-Knox National Bank
Dec 31, 1997	Culver National Bank	CA	—	Bank of Los Angeles
Dec 30, 1997	First National Bank of Dayton	TX	—	Paradigm Bank Texas
Dec 29, 1997	Colorado Business Bank, National Association	CO	—	CoBiz Bank
Dec 23, 1997	Carolina State Bank	NC	—	First Charter Bank
Dec 23, 1997	First Interstate Bank, FSB	MT	—	First Interstate Bank
Dec 22, 1997	The Home National Bank of Sutton	WV	—	City National Bank of West Virginia
Dec 22, 1997	The Old National Bank of Huntington	WV	—	City National Bank of West Virginia
Dec 22, 1997	First State Bank and Trust, National Association	WV	—	City National Bank of West Virginia

Biggest bank failures by assets ›

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	State	Acquirer
Jan 1, 1997	Saint John Marie Vianney Credit Union	LA	Southwest Louisiana Credit Union
Jan 1, 1997	Methodist Ministers Credit Union	CO	Interfaith Federal Credit Union
Jan 1, 1997	Community First National Bank	ND	Community First National Bank
Jan 1, 1997	United Bank of Griffin	GA	United Bank
Jan 1, 1997	Epi Federal Credit Union	NM	Benchsmart Federal Credit Union
Jan 1, 1997	The First National Bank	IA	Midstates Bank, N.A.
Jan 1, 1997	Mary's Federal Credit Union	WA	Amicus Federal Credit Union
Jan 1, 1997	Hillcrest Bank	KS	Hillcrest Bank
Jan 1, 1997	Commercial Bank	KY	Community Trust Bank, Inc.
Jan 1, 1997	United Community Bank	ND	United Community Bank of North Dakota
Jan 1, 1997	Medical Center Federal Credit Union	AR	Uark Federal Credit Union
Jan 1, 1997	Farmers-Deposit Bank	KY	Community Trust Bank, Inc.
Jan 1, 1997	Lake County Postal Credit Union, Inc.	OH	Buckeye State Credit Union, Inc.
Jan 1, 1997	Bank of America, National Association	NV	(unnamed)
Jan 1, 1997	The Olathe Bank	KS	Hillcrest Bank
Jan 1, 1997	(unnamed)	—	Commerce Bank, National Association
Jan 1, 1997	First Montgomery Bank	AL	Aliant Bank
Jan 1, 1997	CommunityFIRST Bank	TN	First American National Bank
Jan 1, 1997	First Security Bank & Trust Co.	KY	Community Trust Bank, Inc.
Jan 1, 1997	Joe Wheeler Credit Union	AL	Family Security Credit Union
Jan 1, 1997	The First State Bank of Gowrie	IA	Heartland Bank
Jan 1, 1997	Gilman Employees Savings Association Credit Union	TN	Chattanooga First Federal Credit Union
Jan 1, 1997	Osborne County Co-Op Federal Credit Union	KS	Farmway Credit Union
Jan 1, 1997	Bank of America-Alaska, National Association	AK	(unnamed)
Jan 1, 1997	B C Consumers Federal Credit Union	MI	Consumers Professional Credit Union
Jan 1, 1997	Farmers National Bank	KY	Community Trust Bank, Inc.
Jan 1, 1997	Elmore County Bank	AL	Aliant Bank
Jan 1, 1997	The Woodford Bank and Trust Company	KY	Community Trust Bank, Inc.
Jan 1, 1997	The First State Bank	TX	First National Bank of Dublin
Jan 1, 1997	Beatrice Credit Union	IL	Gale Credit Union
Jan 1, 1997	Bank of America NW, National Association	WA	(unnamed)
Jan 1, 1997	Fort Trumbull Federal Credit Union	CT	Navy Federal Credit Union
Jan 1, 1997	Colonial Bank	GA	Colonial Bank
Jan 1, 1997	Community First National Bank	MN	Community First National Bank
Jan 1, 1997	Employees of General Electric Federal Credit Union	PA	Widget Federal Credit Union
Jan 1, 1997	First American Bank	KY	Community Trust Bank, Inc.
Jan 1, 1997	Citizens National Bank	IA	Midstates Bank, N.A.
Jan 1, 1997	The Exchange Bank of Kentucky	KY	Community Trust Bank, Inc.
Jan 1, 1997	Newport Employees Federal Credit Union	FL	Gulf Winds Credit Union
Jan 1, 1997	Appleton Telco Credit Union	WI	Fox Communities Credit Union

Bank mergers by year

← 1996 · 1998 →

Year	Merger records
2026	360
2025	433
2024	314
2023	363
2022	432
2021	437
2020	437
2019	547
2018	643
2017	608
2016	655
2015	766

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