Mergers by Year
Bank Mergers in 2002
The Federal Reserve's National Information Center (NIC) recorded 786 merger records involving a bank, credit union or bank holding company in 2002. 352 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 940 in 2001.
Largest bank mergers of 2002
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 2002 | First Savings and Loan Association of America, a Federal Savings Association | — | Bank of Hawaii |
| Dec 31, 2002 | First Pennsylvania Savings Association | — | Fidelity Savings Bank |
| Dec 31, 2002 | Liberty Bank | — | Northfield Bank |
| Dec 31, 2002 | Banco Di Napoli S.P.A. | — | Sanpaolo Imi S.P.A. |
| Dec 24, 2002 | First Community National Bank | — | Union Bank of Arizona, N.A. |
| Dec 20, 2002 | Community Bank - Excelsior Springs, A Savings Bank | — | North American Savings Bank, FSB |
| Dec 16, 2002 | Frontier National Bank | — | Frontier Bank |
| Dec 14, 2002 | Peoples Bank | — | Great Western Bank |
| Dec 14, 2002 | Banco Financiero de Puerto Rico | — | Eurobank |
| Dec 14, 2002 | Peoples Bank | — | Peoples Bank |
| Dec 12, 2002 | First National Bank of Johns Creek | — | Main Street Bank |
| Dec 9, 2002 | State Bank of Wonewoc | — | Baraboo State Bank |
| Dec 7, 2002 | Kaneland Community Bank | — | American Bank and Trust Company, N.A. |
| Dec 7, 2002 | High Street Banking Company | — | Capital Bank |
| Dec 7, 2002 | Mississippi Southern Bank | — | State Bank & Trust Company |
Every merger recorded in 2002
786 NIC merger records in 2002 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| May 1, 2002 | The Saints Credit Union | Carepoint Federal Credit Union |
| May 1, 2002 | I.B.E.W. Credit Union | West Community Credit Union |
| May 1, 2002 | Pratt Teachers Credit Union | Central Kansas Credit Union |
| May 1, 2002 | Mormon Trail Credit Union | Community 1st Credit Union |
| May 1, 2002 | Ceco of Milan Employees Credit Union | Leaders Credit Union |
| May 1, 2002 | First Community Bank of Southwest Georgia | The Park Avenue Bank |
| Apr 30, 2002 | Lufkin Credit Union | Members Credit Union |
| Apr 30, 2002 | Brookhollow Bancshares, Inc. | Regions Financial Corporation |
| Apr 30, 2002 | First Western Bancorp, Inc. | SKY Financial Group, Inc. |
| Apr 30, 2002 | Employees United Credit Union | Select Employees Credit Union |
| Apr 27, 2002 | Mesquite State Bank | Bank of Nevada |
| Apr 27, 2002 | Mesquite Financial Corporation | Bank of Nevada |
| Apr 27, 2002 | Wetex Credit Union | America's Credit Union |
| Apr 25, 2002 | Southern Investment Services, Inc. | Southern Community Bank and Trust |
| Apr 24, 2002 | The National Bank of Florida | Sterling National Bank |
| Apr 19, 2002 | WestStar Bank | Arvest Bank |
| Apr 19, 2002 | Arvest State Bank | Arvest Bank |
| Apr 17, 2002 | Bank of Mansfield | Allied Bank |
| Apr 17, 2002 | First Capital Group, Inc. | Union Financial Group LTD |
| Apr 17, 2002 | Gulf Coast Community Bancshares, Inc. | Banctrust Financial Group, Inc. |
| Apr 17, 2002 | First Financial Corp. | Washington Trust Bancorp, Inc. |
| Apr 17, 2002 | First Bank and Trust Company | The Washington Trust Company, of Westerly |
| Apr 13, 2002 | First Bank of Cleveland | American Heritage Bank |
| Apr 12, 2002 | Employees Plan Federal Credit Union | Statewide Federal Credit Union |
| Apr 12, 2002 | Bank of Belfast | First National Bank of Pulaski |
| Apr 8, 2002 | (unnamed) | BNC National Bank |
| Apr 6, 2002 | First Lincolnwood Corp. | MB Financial, Inc. |
| Apr 6, 2002 | The First National Bank of Lincolnwood | MB Financial Bank, National Association |
| Apr 5, 2002 | First Bank of Texas | Regions Bank |
| Apr 5, 2002 | Bank of Palmyra | Town And Country Bank |
| Apr 4, 2002 | Community National Corporation | Frandsen Financial Corporation |
| Apr 4, 2002 | Citizens State Bank | Cornerstone Bank |
| Apr 3, 2002 | Samaritan Hospital Employees Federal Credit Union | Broadview Federal Credit Union |
| Apr 3, 2002 | Fbi Corporation | WesBanco, Inc. |
| Apr 3, 2002 | Peoples Federal Savings and Loan Association | First National Bank |
| Apr 3, 2002 | Bank of Carbon Hill | First National Bank |
| Apr 3, 2002 | Noala Methodist Federal Credit Union | Alatrust Credit Union |
| Apr 1, 2002 | Acme Visible Records Federal Credit Union | University of Virginia Community Credit Union, Inc. |
| Apr 1, 2002 | Signal Trust Company N.A. | Associated Trust Company, N.A. |
| Apr 1, 2002 | Triangle Bancorporation | Marion County Bancshares, Inc. |
| Apr 1, 2002 | Commonwealth Bank and Trust Company | Commonwealth Bank and Trust Company |
| Apr 1, 2002 | Grand Bank Financial Corporation | Macatawa Bank Corporation |
| Apr 1, 2002 | The Industrial Bank of Japan, Limited | Mizuho Bank, Ltd. |
| Apr 1, 2002 | Union Labor Life Insurance Company Federal Credit Union | Afl-Cio Employees Federal Credit Union |
| Apr 1, 2002 | Independent Community Banc Corp | Civista Bancshares, Inc |
| Apr 1, 2002 | Lafayette Bancorporation | First Merchants Corporation |
| Apr 1, 2002 | Albert Lea Interstate Employees Credit Union | City and County Employees Federal Credit Union |
| Apr 1, 2002 | Dynamatic Employees Credit Union | Educators Credit Union |
| Apr 1, 2002 | Nela Credit Union, Inc. | Cardinal Credit Union, Inc. |
| Apr 1, 2002 | West Point Federal Credit Union | Pentagon Federal Credit Union |
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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