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 |
|---|---|---|
| Nov 15, 1997 | Farmers State Bank | The Farmers State Bank of Union City |
| Nov 15, 1997 | Star Financial Bank, Columbia City, Indiana | Star Financial Bank |
| Nov 15, 1997 | Star Financial Bank, New Castle, Indiana | Star Financial Bank |
| Nov 15, 1997 | Heartland Savings Bank | First Mid Bank & Trust, N.A. |
| Nov 14, 1997 | First Commercial Bank, SSB | Citizens Bank |
| Nov 14, 1997 | Glenwood Bancshares, Inc. | Hiawatha Bancshares, Inc. |
| Nov 14, 1997 | American National Savings Bank, Federal Savings Bank | Crestar Bank |
| Nov 14, 1997 | Roosevelt Bank | Firstar Bank Missouri, National Association |
| Nov 14, 1997 | Fleet Bank | Fleet National Bank |
| Nov 13, 1997 | Texas Bank | Bayshore National Bank of La Porte |
| Nov 13, 1997 | S&S Machinery Credit Union | Beacon Credit Union Incorporated |
| Nov 11, 1997 | Homestead Bank, S.S.B. | Planters & Merchants State Bank |
| Nov 11, 1997 | 1st United Bancorp | Wachovia Corporation |
| Nov 10, 1997 | Southern Security Bank Corporation | Sun American Bancorp |
| Nov 8, 1997 | OrangeBank | Hibernia National Bank of Texas |
| Nov 8, 1997 | Unicorp Bancshares-Texas, Inc. | Hibernia Corporation |
| Nov 8, 1997 | Investors Savings Bank of South Carolina, Incorporated | Peoples Federal Savings and Loan Association |
| Nov 8, 1997 | Farmers State Bank of Ferris | Union Bank/West |
| Nov 7, 1997 | Regions Bank, National Association | Regions Bank |
| Nov 7, 1997 | Investors Bancorporation, Inc. | Citizens Bancshares of Woodville, Inc. |
| Nov 7, 1997 | Planters Bank and Trust Company of Claiborne Parish | Peoples Bank & Trust Company |
| Nov 7, 1997 | First State Bank and Trust Company | Peoples Bank & Trust Company |
| Nov 6, 1997 | University Bank | International Bank of Commerce |
| Nov 6, 1997 | University Bancshares, Inc. | International Bancshares Corporation |
| Nov 6, 1997 | San Gabriel Valley Bank | Pacific Business Bank |
| Nov 1, 1997 | Associated Credit Union | Associated Credit Union |
| Nov 1, 1997 | Magna Bancorp, Inc. | Union Planters Corporation |
| Nov 1, 1997 | CNB Bancshares of Victoria, Inc. | Delaware Financial, Inc. |
| Nov 1, 1997 | Citizens Bancorp of Delaware, Inc. | Delaware Financial, Inc. |
| Nov 1, 1997 | CNB Financial Corporation | Big Lake Financial Corporation |
| Nov 1, 1997 | Pioneer Bancorp, Inc. | Popular North America, Inc. |
| Nov 1, 1997 | Bancunion Corp. | F & M Merger Corporation |
| Nov 1, 1997 | CBC Bancorp, Ltd. | Popular North America, Inc. |
| Nov 1, 1997 | River Associates Bancorp., Inc. | Popular North America, Inc. |
| Nov 1, 1997 | First Charter Bancshares, Inc. | First Commercial Corporation |
| Nov 1, 1997 | Jefferson Bankshares, Inc. | Wachovia Corporation |
| Nov 1, 1997 | One Valley Bank, FSB | One Valley Bank, National Association |
| Nov 1, 1997 | (unnamed) | Banco Popular, Illinois |
| Nov 1, 1997 | Magnolia Federal Bank for Savings | Union Planters Bank of Southern Mississippi |
| Nov 1, 1997 | Pacific National Bank of Nantucket | Fleet National Bank |
| Nov 1, 1997 | F & M Bank-Lancaster | F & M Bank-Fennimore |
| Nov 1, 1997 | Tri-County State Bank | Marquette Bank South Dakota, National Association |
| Nov 1, 1997 | First New London Savings and Loan Association Incorporated | Liberty Bank |
| Nov 1, 1997 | Morehouse School Employees Federal Credit Union | Shreveport Federal Credit Union |
| Nov 1, 1997 | National City Bank, Northwest | National City Bank |
| Nov 1, 1997 | First Bank, A Federal Savings Bank | First Bank |
| Nov 1, 1997 | Primary Bank | Granite Bank |
| Nov 1, 1997 | First Bank | First Bank |
| Nov 1, 1997 | Capitol Bank and Trust | Banco Popular, Illinois |
| Nov 1, 1997 | Dakota State Bank | Marquette Bank South Dakota, 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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