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.
352
Banks acquired
NIC, banks as the acquired side
0
Credit unions merged
NIC, credit unions as the acquired side
124
Holding companies
Bank holding companies merged
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 |
|---|---|---|
| Apr 1, 2002 | The Bank of Berry | First National Bank |
| Apr 1, 2002 | Wilshire West Federal Credit Union | Justice Federal Credit Union |
| Apr 1, 2002 | Mountain Iron First State Bank | American Bank of the North |
| Apr 1, 2002 | Aladdin Employees Credit Union | Southeast Financial Credit Union |
| Apr 1, 2002 | Greenville Corning Employees Federal Credit Union | Members Choice Credit Union, Inc. |
| Apr 1, 2002 | Middlesex Catholic Fami Lies Federal Credit Union | Ellafi Federal Credit Union |
| Apr 1, 2002 | LTV Steel Salaried Federal Credit Union | Community United Credit Union |
| Apr 1, 2002 | The Citizens National Bank of Norwalk | Civista Bank |
| Apr 1, 2002 | Sanderson Employees Federal Credit Union | CM Members Federal Credit Union |
| Apr 1, 2002 | Jockey International Credit Union, Inc. | Greater Kentucky Credit Union, Inc. |
| Apr 1, 2002 | United California Bank | Bank of the West |
| Apr 1, 2002 | Danner Press Employees' Credit Union, Inc. | Golden Circle Credit Union, Inc. |
| Apr 1, 2002 | Emprise Bank | Emprise Bank |
| Apr 1, 2002 | American Bank of the North | American Bank of the North |
| Apr 1, 2002 | Wachovia Bank, National Association | Wachovia Bank, N.A. |
| Apr 1, 2002 | The Sparks State Bank | Mercantile-Safe Deposit and Trust Company |
| Apr 1, 2002 | Potters Bank | Home Savings Bank |
| Apr 1, 2002 | Buckley Federal Credit Union | Wings Credit Union |
| Apr 1, 2002 | Funk Seeds Credit Union | I a a Credit Union |
| Apr 1, 2002 | Big Horn Federal Credit Union | Sunlight Federal Credit Union |
| Apr 1, 2002 | McNally Pittsburg Credit Union | Kansas Teachers Community Credit Union |
| Apr 1, 2002 | Darex Federal Credit Union | RTN Federal Credit Union |
| Mar 31, 2002 | IBJ Whitehall Bank & Trust Company | The Industrial Bank of Japan Trust Company |
| Mar 31, 2002 | SKY Technology Resources, Inc. | SKY Bank |
| Mar 31, 2002 | Sovereign Trust Company | Santander Bank, N.A. |
| Mar 31, 2002 | Schottenstein/value City Associates Federal Credit Union | Bmi Federal Credit Union |
| Mar 31, 2002 | Tresler Employees Federal Credit Union | B & O Federal Credit Union |
| Mar 30, 2002 | First National Bank of Central California | Santa Barbara Bank & Trust, National Association |
| Mar 30, 2002 | The First National Bank of Shamrock | Citizens Bank |
| Mar 29, 2002 | Members Edge Credit Union | Great River Community Credit Union |
| Mar 29, 2002 | Maine Acceptance Corporation | Merrill Merchants Bank |
| Mar 29, 2002 | Mercantile Bancorp, Inc. | The Colonial Bancgroup, Inc. |
| Mar 29, 2002 | First Mercantile Bank, National Association | Colonial Bank |
| Mar 29, 2002 | The Farmers State Bank | The Peoples Bank |
| Mar 29, 2002 | Clark-Schwebel Federal Credit Union | Anderson Federal Credit Union |
| Mar 25, 2002 | Second Street Community Urban Redevelopment Corporation | KeyBank N.A. |
| Mar 23, 2002 | Community Savings, F.A. | Bankatlantic |
| Mar 23, 2002 | The Bank of Cherry Creek, National Association | ANB Bank |
| Mar 23, 2002 | Shamrock Bank, National Association | Shamrock Bank, N.A. |
| Mar 22, 2002 | The Security State Bank | FNB Bank |
| Mar 22, 2002 | Grand Financial Associates, Inc. | Grand Bank Financial Corporation |
| Mar 21, 2002 | Area Bancshares Corporation | Truist Financial Corporation |
| Mar 19, 2002 | Bankers Mortgage Corporation | Wilson & Muir Bank & Trust Company |
| Mar 18, 2002 | Johnson Bank Hayward | Johnson Bank |
| Mar 16, 2002 | F & M Bank - Northern Virginia | Branch Banking and Trust Company of Virginia |
| Mar 16, 2002 | F&M Services, Inc. | Branch Banking and Trust Company of Virginia |
| Mar 16, 2002 | F&M Trust Company | Branch Banking and Trust Company of Virginia |
| Mar 16, 2002 | Home National Bank | Home National Bank |
| Mar 16, 2002 | F&M Bank- Atlantic | Branch Banking and Trust Company of Virginia |
| Mar 16, 2002 | F&M Mortgage Services, Inc. | Branch Banking and Trust Company of Virginia |
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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