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 |
|---|---|---|
| Mar 1, 2002 | Parkway Financial Community Federal Credit Union | Credit Union of New Jersey |
| Mar 1, 2002 | Knox College Credit Union | Heritage Credit Union |
| Mar 1, 2002 | Landmark Bank | SouthTrust Bank |
| Mar 1, 2002 | First Western Bank, National Association | Great Western Bank |
| Mar 1, 2002 | Pillar Federal Credit Union | Mill City Credit Union |
| Feb 28, 2002 | West Central Federal Credit Union | Industrial Federal Credit Union |
| Feb 28, 2002 | Interfaith Affiliated Congregations Credit Union | Ocnac No 1 Federal Credit Union |
| Feb 28, 2002 | U.S. Bank Trust N.A. | U.S. Bank Trust N.A. |
| Feb 28, 2002 | Ocean National Corporation | Chittenden Corporation |
| Feb 28, 2002 | Signal Financial Corporation | Associated Banc-Corp |
| Feb 28, 2002 | 5th & Godfrey Federal Credit Union | Servco Federal Credit Union |
| Feb 28, 2002 | Hillcrest Elco Federal Credit Union | Valor Federal Credit Union |
| Feb 28, 2002 | Regalbuto Federal Credit Union | Bay Ridge Federal Credit Union |
| Feb 27, 2002 | New Mexico Banquest Corporation | First National Bancorp Incorporated |
| Feb 23, 2002 | Carnegie Savings Bank | Fidelity Savings Bank |
| Feb 23, 2002 | Carnegie Financial Corporation | Fidelity Bancorp, Inc. |
| Feb 23, 2002 | Riverway Holdings of Delaware, Incorporated | BBVA Compass Bancshares, Inc. |
| Feb 23, 2002 | Riverway Holdings, Incorporated | BBVA Compass Bancshares, Inc. |
| Feb 23, 2002 | Riverway Bank | Texas State Bank |
| Feb 23, 2002 | Wausau Motor Parts Company Employees Credit Union | Cloverbelt Credit Union |
| Feb 22, 2002 | Lone Star Bank | Sterling Bank |
| Feb 19, 2002 | Lincoln Community Bank | Lincoln State Bank |
| Feb 19, 2002 | Century Bank - Arkansas | Century Bank, National Association |
| Feb 19, 2002 | Northern Trust of Colorado Corporation | Nortrust Holding Corporation |
| Feb 18, 2002 | Northern Trust Bank of Colorado | Northern Trust Bank, National Association |
| Feb 16, 2002 | Promistar Bank | First National Bank of Pennsylvania |
| Feb 16, 2002 | Citizens Federal Savings Bank of Port St. Joe | Superior Bank |
| Feb 16, 2002 | Florida Bank of Commerce | Southern Exchange Bank |
| Feb 15, 2002 | A S Ellwood Federal Credit Union | First Choice Federal Credit Union |
| Feb 9, 2002 | Federal Employees Credit Union | Tech Credit Union |
| Feb 8, 2002 | Arvest Bank | Arvest Bank |
| Feb 8, 2002 | Arvest Bank | Arvest Bank |
| Feb 5, 2002 | West Coast Bancorp | Sunwest Bank |
| Feb 1, 2002 | Greenfield Manufacturing Employees Federal Credit Union | U T Federal Credit Union |
| Feb 1, 2002 | (unnamed) | LaSalle Bank National Association |
| Feb 1, 2002 | S&C Bank, Minnesota | S & C Bank |
| Feb 1, 2002 | The Bradley Corporation | Community State Bancshares, Inc. |
| Feb 1, 2002 | Golden Gem Credit Union | Insight Credit Union |
| Feb 1, 2002 | Asahi Bank of California | Imperial Capital Bank |
| Feb 1, 2002 | Narda Credit Union | Credit Union 1 |
| Feb 1, 2002 | Terrebonne Teachers Credit Union | La Capitol Federal Credit Union |
| Feb 1, 2002 | Kansas State Bank | Gnbank, N.A. dba Gnbank, N.A. |
| Feb 1, 2002 | General American Life Insurance Company Fcu | Vantage Credit Union |
| Feb 1, 2002 | Pacific Western National Bank | Banc of California |
| Feb 1, 2002 | Marshall & Ilsley Trust Company | (unnamed) |
| Feb 1, 2002 | Bank of Central Florida | First National Bank of Florida |
| Feb 1, 2002 | Mansface Federal Credit Union | Green River Basin Federal Credit Union |
| Feb 1, 2002 | State Bank of Latham | Valley Bank |
| Feb 1, 2002 | First Mobile Credit Union | Alabama Central Credit Union |
| Feb 1, 2002 | Portuguese Continental Federal Credit Union | Garden Savings 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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