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 |
|---|---|---|
| Oct 11, 1997 | Laurel Bank | Promistar Bank |
| Oct 11, 1997 | Norwest Bank Texas, North Central | Wells Fargo Bank Texas, National Association |
| Oct 11, 1997 | The First National Bank of Manlius | UnionBank/Central |
| Oct 6, 1997 | First State Bank | Stride Bank, N.A. |
| Oct 4, 1997 | Mercantile Bank of Dubuque, National Association | Mercantile Bank of Eastern Iowa |
| Oct 4, 1997 | RCSB Financial, Inc. | Charter-Michigan Bancorp, Inc. |
| Oct 4, 1997 | Mercantile Bank | Mercantile Bank of Eastern Iowa |
| Oct 4, 1997 | The Rochester Community Savings Bank | Charter One Bank, National Association |
| Oct 4, 1997 | Wilbur Savings Bank | Ambassador Bank of the Commonwealth |
| Oct 2, 1997 | Unity Savings Bank | Oak Hill Banks |
| Oct 2, 1997 | Sparbank, Incorporated | First Midwest Bancorp, Inc. |
| Oct 2, 1997 | Linden Power Federal Credit Union | P S Burlington Employees Federal Credit Union |
| Oct 2, 1997 | United Bank | Prairie Bank of Kansas |
| Oct 2, 1997 | Prime Bank | Prime Bank |
| Oct 2, 1997 | R R B Federal Credit Union | Great Lakes Credit Union |
| Oct 2, 1997 | First Independence Bank of Florida | Colonial Bank |
| Oct 1, 1997 | Robbins Tire and Rubber Credit Union | Valley Credit Union |
| Oct 1, 1997 | Security Capital Corporation | M&I LLC |
| Oct 1, 1997 | Farmers Bancshares of Oberlin, Inc. | Gold Banc Acquisition Corp, Inc. II |
| Oct 1, 1997 | Southwest Financial Group of Iowa, Inc. | Houghton State Bank |
| Oct 1, 1997 | SBT Bancshares, Inc. | Union Planters Community Bancorp, Inc. |
| Oct 1, 1997 | Citizens of Hardeman County Financial Services | Union Planters Community Bancorp, Inc. |
| Oct 1, 1997 | Pacesetter Bank of Montpelier | Pacesetter Bank |
| Oct 1, 1997 | Beckley Federal Savings Bank | Bank of Raleigh |
| Oct 1, 1997 | First Bank & Trust of Clarendon | Herring Bank |
| Oct 1, 1997 | Delta Federal Savings, F.S.B. | First Federal Bank of Colorado |
| Oct 1, 1997 | 0Ighway Clippers Federal Credit Union | West Financial Credit Union |
| Oct 1, 1997 | Emerson State Bank | Houghton State Bank |
| Oct 1, 1997 | Stocktel Federal Credit Union | Central State Credit Union |
| Oct 1, 1997 | Parky Maryland Federal Credit Union | Freedom of Maryland Federal Credit Union |
| Oct 1, 1997 | Tri-City Federal Credit Union | Hapo Community Credit Union |
| Oct 1, 1997 | Texas Heritage Federal Credit Union | Alliance Credit Union |
| Oct 1, 1997 | Citizens State Bank of Santa Paula | Santa Barbara Bank & Trust, National Association |
| Oct 1, 1997 | Security Bank, S.S.B. | M&I Marshall and Ilsley Bank |
| Oct 1, 1997 | Hawaiian Trust Company, Limited | Bank of Hawaii |
| Oct 1, 1997 | The Whiteville Bank | Union Planters Bank of Southwest Tennessee |
| Oct 1, 1997 | Ringling State Bank | First National Bank and Trust Company of Ardmore |
| Oct 1, 1997 | Wolfe Baron State Credit Union | Delco Postal Cu |
| Oct 1, 1997 | NBD Bank, National Association | Bank One, National Association |
| Oct 1, 1997 | Guam Federal Credit Union | Delaware First Federal Credit Union |
| Oct 1, 1997 | Atlantic Bank, N.A. | TD Bank, N.A. |
| Oct 1, 1997 | Puget Sound Energy Federal Credit Union | Puget Sound Cooperative Credit Union |
| Oct 1, 1997 | Thrift Drug Federal Credit Union | Ecu Credit Union |
| Oct 1, 1997 | Stockmens Bank, National Association | Stockmens National Bank |
| Oct 1, 1997 | City Savings Bank | Pacesetter Bank |
| Oct 1, 1997 | The Greater New York Savings Bank | Astoria Bank |
| Oct 1, 1997 | Great Western Bank, a Federal Savings Bank | Washington Mutual Bank |
| Oct 1, 1997 | South Weymouth Savings Bank | South Shore Bank |
| Oct 1, 1997 | Western Division P.S.P.& L. Employees Credit Union | Puget Sound Cooperative Credit Union |
| Sep 30, 1997 | FMB-Trust | The Huntington National Bank |
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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