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 1, 1997 | Chessie-Newport News Credit Union | Bayport Federal Credit Union |
| Nov 1, 1997 | Van Wert National Bank | Community First Bank & Trust |
| Nov 1, 1997 | Bank of South Dakota | Marquette Bank South Dakota, National Association |
| Nov 1, 1997 | F & M Bank-Potosi | F & M Bank-Fennimore |
| Nov 1, 1997 | Greater York Municipal Employees Federal Credit Union | White Rose Credit Union |
| Nov 1, 1997 | National City Bank, Northeast | National City Bank |
| Nov 1, 1997 | National City Bank of Ashland | National City Bank |
| Nov 1, 1997 | First State Bank of Uniontown | First National Bank of West Point |
| Nov 1, 1997 | Capitol Bank of Westmont | Banco Popular, Illinois |
| Nov 1, 1997 | Scott County Educational Federal Credit Union | Jackson Area Federal Credit Union |
| Nov 1, 1997 | Farmers and Merchants Bank | Marquette Bank South Dakota, National Association |
| Oct 31, 1997 | The Bank of Winter Park | The Huntington National Bank |
| Oct 31, 1997 | Egyptian Bancshares, Inc. | Community Financial Corp. |
| Oct 31, 1997 | Mi-Val B.U.C. Credit Union, Inc. | Day Air Credit Union, Inc. |
| Oct 31, 1997 | U. S. Bancorp, Inc. | Manufacturers Bank |
| Oct 31, 1997 | First Federal Savings & Loan Association of Chilton County | SouthFirst Bank |
| Oct 31, 1997 | Hath Federal Credit Union | Valley Federal Credit Union |
| Oct 31, 1997 | Triangle Bank Leasing Corp. | Triangle Bancorp, Inc. |
| Oct 30, 1997 | Atlanta Canco Federal Credit Union | Center Parc Credit Union |
| Oct 29, 1997 | St. Marys Madison Federal Credit Union | Revity Credit Union |
| Oct 29, 1997 | Alhambra Federal Credit Union | F & a Federal Credit Union |
| Oct 28, 1997 | Houston National Bank | Sterling Bank |
| Oct 25, 1997 | Jcpenney National Bank | The First National Bank of Wyoming |
| Oct 25, 1997 | Cushnoc Bank and Trust Company | Northeast Bank |
| Oct 25, 1997 | Union Bank/Sandwich | Centrue Bank |
| Oct 25, 1997 | Prime Bank of Puerto Rico | Eurobank |
| Oct 21, 1997 | Community Bancorporation | Americanwest Bancorporation |
| Oct 20, 1997 | Premier Bank-Central, National Association | First Vantage Bank /Tri-Cities |
| Oct 20, 1997 | Enterprise National Bank of Sarasota | Provident Bank of Florida |
| Oct 20, 1997 | Premier Bank, National Association | First Virginia Bank - Clinch Valley |
| Oct 18, 1997 | Boatmen's Bank of Tennessee | NationsBank of Tennessee, National Association |
| Oct 18, 1997 | Farmers & Merchants Bank of Trenton | Capital City Bank |
| Oct 18, 1997 | Levy County State Bank | Capital City Bank |
| Oct 18, 1997 | AMCORE Bank, Belleville | Amcore Bank, National Association, South Central |
| Oct 18, 1997 | Branford State Bank | Capital City Bank |
| Oct 18, 1997 | Continental Bank | Reliance Federal Savings Bank |
| Oct 18, 1997 | Southwest Financial Bank and Trust Company | Suburban Bank & Trust Company |
| Oct 18, 1997 | (unnamed) | Mercantile Bank of Central Missouri |
| Oct 17, 1997 | People's Bank and Trust Company | Old National Bank |
| Oct 17, 1997 | Sun State Capital Corporation | Zions Bancorporation |
| Oct 17, 1997 | First Winnebago Corporation | Centre 1 Bancorp, Inc. |
| Oct 17, 1997 | Bank of Boston Connecticut | Fleet National Bank |
| Oct 17, 1997 | Sun State Bank | Nevada State Bank |
| Oct 15, 1997 | (unnamed) | Cornerstone Community Bank |
| Oct 14, 1997 | EST National Bank | Firstmerit Bank, National Association |
| Oct 14, 1997 | The Old Phoenix National Bank of Medina | Firstmerit Bank, National Association |
| Oct 11, 1997 | Fayette Bank | Promistar Bank |
| Oct 11, 1997 | SC Bancorp | Western Bancorp |
| Oct 11, 1997 | Norwest Bank Texas, South, National Association | Wells Fargo Bank Texas, National Association |
| Oct 11, 1997 | Tampico National Bank | UnionBank/Central |
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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