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 |
|---|---|---|
| Sep 30, 1997 | Computer Systems International, Ltd. | Hawaii National Bank |
| Sep 30, 1997 | FMB Title Services, Inc. | The Huntington National Bank |
| Sep 30, 1997 | Reliable Financial Corporation | First Commonwealth Financial Corporation |
| Sep 30, 1997 | First Michigan Bank Corporation | Huntington Bancshares Incorporated |
| Sep 30, 1997 | Pemi Bancorp, Inc. | Northway Financial, Inc. |
| Sep 30, 1997 | First City Bancorp, Inc. | Barnett Banks, Inc. |
| Sep 30, 1997 | FMB-Oceana Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Old State Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Maynard Allen Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Commercial Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Reed City Bank | The Huntington National Bank |
| Sep 30, 1997 | Greer Homelite Employees Federal Credit Union | Empeople Credit Union |
| Sep 30, 1997 | FMB-State Savings Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Community Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-First Michigan Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Sault Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Northwestern Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Security Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-First Michigan Bank | The Huntington National Bank |
| Sep 30, 1997 | FMB-Lumberman's Bank | The Huntington National Bank |
| Sep 30, 1997 | Walnut Mutual Benefit Association Credit Union | American Mutual Credit Union, Inc |
| Sep 30, 1997 | FMB-Arcadia Bank | The Huntington National Bank |
| Sep 29, 1997 | First McKinney Bancshares, Inc. | Plano Bancshares of Delaware, Inc. |
| Sep 27, 1997 | Great Lakes National Bank Ohio | TCF National Bank |
| Sep 27, 1997 | First National Bank and Trust Co. | Financial Trust Company |
| Sep 27, 1997 | First Savings Bank of Rockingham County, SSB | First-Citizens Bank & Trust Company |
| Sep 27, 1997 | (unnamed) | Financial Trust Company |
| Sep 27, 1997 | Reliable Savings Bank | First Commonwealth Bank |
| Sep 27, 1997 | First Savings Financial Corp. | First Citizens Bancshares, Inc. |
| Sep 26, 1997 | Regions Bank of Florida | Regions Bank |
| Sep 26, 1997 | Lincoln Financial Bancorp, Inc. | Middleburg Bancorp, Inc. |
| Sep 26, 1997 | Farmers Investment Corporation | (unnamed) |
| Sep 26, 1997 | Lincoln Federal Savings Bank | Farmers Deposit Bank of Middleburg, Inc. |
| Sep 25, 1997 | (unnamed) | Community Financial Services, Inc. |
| Sep 22, 1997 | United Carolina Bank of South Carolina | Branch Banking and Trust Company of South Carolina |
| Sep 22, 1997 | Premier Bank-South, National Association | First Virginia Bank-Southwest |
| Sep 22, 1997 | Vermont Federal Bank, FSB | Vermont National Bank |
| Sep 22, 1997 | United Carolina Bank | Truist Bank |
| Sep 20, 1997 | Citizens State Bank | State Bank |
| Sep 20, 1997 | Boatmen's Trust Company of Texas | NationsBank of Texas, National Association |
| Sep 20, 1997 | Haverfield Corporation | Charter One Financial, Inc. |
| Sep 20, 1997 | The Peoples National Bank | Gold BANK |
| Sep 20, 1997 | Perry County Bank | Trustmark Bank |
| Sep 20, 1997 | Bank Wisconsin | St. Francis Bank, F.S.B. |
| Sep 20, 1997 | Matewan National Bank/Kentucky | The Matewan National Bank |
| Sep 20, 1997 | Boatmen's Trust Company of Kansas | Bank of America, N.A. |
| Sep 20, 1997 | Home Bank, F.S.B. | Charter One Bank, National Association |
| Sep 20, 1997 | First Federal Savings and Loan Association of Osceola County | Republic Bank |
| Sep 19, 1997 | First Federal Savings Bank of New Smyrna | Regions Bank of Florida |
| Sep 19, 1997 | Barnett Bank of Southwest Georgia | SouthTrust 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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