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.
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 17, 1997 | Compass Bank | BBVA USA |
| Sep 16, 1997 | Dadeland Bank | Colonial Bank |
| Sep 16, 1997 | Dadeland Bancshares, Inc. | The Colonial Bancgroup, Inc. |
| Sep 15, 1997 | Jefferson Bank | Iberiabank |
| Sep 13, 1997 | (unnamed) | MidFirst Bank |
| Sep 13, 1997 | First Clayton Bancshares, Inc | United Community Banks, Inc. |
| Sep 13, 1997 | The First National Bank of Eden | Great Plains Bank |
| Sep 12, 1997 | Florida Gulfcoast Bancorp, Inc. | Fgbi Acquisition Corp. |
| Sep 10, 1997 | New York FSB | Flushing Bank |
| Sep 9, 1997 | Penncore Financial Services Corporation | ML Bancorp |
| Sep 9, 1997 | Commonwealth State Bank | Main Line Bank |
| Sep 9, 1997 | First Western Bank, F.S.B. | First Western Bank, National Association |
| Sep 8, 1997 | Firstar National Bank | Firstar Bank Iowa, National Association |
| Sep 5, 1997 | Manufacturers Bank | Manufacturers Bank |
| Sep 5, 1997 | Citizens State Bank in Galena | Community Bank and Trust |
| Sep 5, 1997 | Standard Federal Bank for Savings | TCF National Bank Illinois |
| Sep 5, 1997 | SunTrust Bank, Northeast Tennessee, National Association | SunTrust Bank, East Tennessee, National Association |
| Sep 4, 1997 | Halo Bancorporation, Inc. | Bremer Financial Corporation |
| Sep 3, 1997 | Fredonia Bancshares of Delaware, Inc. | First United of Texas, Inc |
| Sep 3, 1997 | Fredonia Bancshares, Inc. | First United of Texas, Inc |
| Sep 2, 1997 | Holy Name Parish Credit Union, Inc. | Firefighters Community Cu |
| Sep 2, 1997 | Highway Credit Union | Indiana Members Credit Union |
| Sep 2, 1997 | Lasalle Bank Illinois | LaSalle Bank National Association |
| Sep 2, 1997 | LaSalle Bank | LaSalle Bank National Association |
| Sep 2, 1997 | Saint Joseph Medical Center Federal Credit Union | New Century Federal Credit Union |
| Sep 1, 1997 | Nacogdoches Public Employee Credit Union | Doches Credit Union |
| Sep 1, 1997 | Michigan Bank, Federal Savings Bank | LaSalle Bank Midwest National Association |
| Sep 1, 1997 | CNB Bancorp, Inc. | Cbi-Kansas, Inc. |
| Sep 1, 1997 | Minnesota State University Student Association Federal Credit Union | Affinity Plus Federal Credit Union |
| Sep 1, 1997 | Midstate Bancorp | Midstate Bancorp, Inc. |
| Sep 1, 1997 | Houston TWC Federal Credit Union | Houston Highway Credit Union |
| Sep 1, 1997 | Goodland State Bank | MainSource Bank of Illinois |
| Sep 1, 1997 | Providence Saint Vincent Federal Credit Union | Providence Federal Credit Union |
| Sep 1, 1997 | Corn Belt Credit Union | Veridian Credit Union |
| Sep 1, 1997 | Washington Trades Credit Union | Qualstar Credit Union |
| Aug 31, 1997 | Collin County National Bank | Hibernia National Bank of Texas |
| Aug 31, 1997 | Boatmen's Service Company, Inc. | NB Holdings Corporation |
| Aug 31, 1997 | Executive Bancshares, Inc. | Hibernia Corporation |
| Aug 31, 1997 | First National Bank of Paris | Hibernia National Bank of Texas |
| Aug 31, 1997 | Savers Federal Credit Union | Ocean Communities Federal Credit Union |
| Aug 30, 1997 | Reliance Financial, Inc. | Allegiant Bancorp, Incorporated |
| Aug 30, 1997 | Bankers Corp. | Sovereign Bancorp, Inc. |
| Aug 30, 1997 | Appleton City Bancshares, Inc. | Community First Bancshares, Inc. |
| Aug 30, 1997 | Centerpoint Bank | CFX Bank |
| Aug 30, 1997 | China Trust Bank of New York | CTBC Bank Corp. (USA) |
| Aug 30, 1997 | Portsmouth Bank Shares, Inc. | CFX Corporation |
| Aug 30, 1997 | Community Bankshares, Inc. | CFX Corporation |
| Aug 30, 1997 | Saint Pauls Lafayette Federal Credit Union | Saint Jules Credit Union |
| Aug 30, 1997 | Brecksville Vah Federal Credit Union | Century Federal Credit Union |
| Aug 30, 1997 | Portsmouth Savings Bank | CFX 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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