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 |
|---|---|---|
| Feb 1, 2002 | Ite Credit Union | Sun East Federal Credit Union |
| Feb 1, 2002 | California Cosmetology Federal Credit Union | Big Valley Federal Credit Union |
| Feb 1, 2002 | First Community Bank of the Desert | Banc of California |
| Feb 1, 2002 | Marshall & Ilsley Trust Company of Florida | (unnamed) |
| Feb 1, 2002 | M&I Marshall & Ilsley Trust Company of Arizona | (unnamed) |
| Feb 1, 2002 | Edlund Company Employees Credit Union | Green Mountain Credit Union |
| Feb 1, 2002 | J & L Tin Plate Department Employees Federal Credit Union | Friendly Federal Credit Union |
| Jan 31, 2002 | Castle Bancgroup, Inc. | First National of Illinois, Inc. |
| Jan 31, 2002 | Perm Tex Federal Credit Union | Pinnacle Federal Credit Union |
| Jan 31, 2002 | The Second National Bank of Masontown | Parkvale Savings Bank |
| Jan 29, 2002 | Fairbank Bancshares, Inc. | Independence Bancshares, Inc. |
| Jan 28, 2002 | Gulf Coast National Bank | Orion Bank |
| Jan 23, 2002 | The State Bank of Hammond | First State Bank and Trust |
| Jan 22, 2002 | First Bancshares, Incorporated | Arvest Holdings, Inc. |
| Jan 22, 2002 | American Bank of Connecticut | American Savings Bank |
| Jan 19, 2002 | South Branch Valley National Bank of Moorefield | Summit Community Bank |
| Jan 19, 2002 | Promistar Trust Company | First National Trust Company |
| Jan 19, 2002 | Virginia Commonwealth Financial Corporation | Stellarone Corporation |
| Jan 19, 2002 | Promistar Financial Corporation | F.N.B. Corporation |
| Jan 19, 2002 | Perry County Savings Bank, FSB | Eagle Bank and Trust Company of Missouri |
| Jan 18, 2002 | First Community Financial Corporation | Capital Bank Corporation |
| Jan 18, 2002 | Harrington Bank, FSB | First National Bank & Trust |
| Jan 16, 2002 | Fttrust Company | Fiduciary Trust International of the South |
| Jan 16, 2002 | Utica Cutlery Employees Federal Credit Union | Oneida County Federal Credit Union |
| Jan 15, 2002 | PlainsBank of Illinois, National Association | First Bank |
| Jan 15, 2002 | Plains Financial Corporation | Union Financial Group LTD |
| Jan 14, 2002 | First Bancorp in Davidson, Inc. | Chickasaw Banc Holding Company |
| Jan 13, 2002 | Satellite Federal Credit Union | Apple Federal Credit Union |
| Jan 12, 2002 | Eagle Bank and Trust | The Park Avenue Bank |
| Jan 12, 2002 | Amco Credit Union, Inc. | Golden Circle Credit Union, Inc. |
| Jan 12, 2002 | U.S. Bank National Association MT | U.S. Bank N.A. |
| Jan 11, 2002 | (unnamed) | U.S. Bank N.A. |
| Jan 11, 2002 | (unnamed) | U.S. Bank N.A. |
| Jan 11, 2002 | U.S. Bank Trust N.A. Mt | U.S. Bank National Association MT |
| Jan 11, 2002 | (unnamed) | U.S. Bank N.A. |
| Jan 11, 2002 | (unnamed) | U.S. Bank N.A. |
| Jan 11, 2002 | (unnamed) | U.S. Bank N.A. |
| Jan 11, 2002 | (unnamed) | U.S. Bank N.A. |
| Jan 9, 2002 | Coca-Cola of Hartford Credit Union | Community Healthcare Credit Union, Inc. |
| Jan 8, 2002 | Bank Iowa | Bank Iowa |
| Jan 7, 2002 | Universal Bank, N.A. | Citibank (South Dakota), N.A. |
| Jan 7, 2002 | The Dime Savings Bank of New York, FSB | Washington Mutual Bank |
| Jan 7, 2002 | Associates National Bank (Delaware) | Citibank (South Dakota), N.A. |
| Jan 7, 2002 | Bismarck Bancshares, Inc. | Bravera Holdings Corp. |
| Jan 5, 2002 | Delta Bank & Trust | Southern Bancorp Bank |
| Jan 3, 2002 | Universal Card Services Corp. | Citibank, N.A. |
| Jan 2, 2002 | Exchange Corporation of Iowa | Mid America Banks, Inc. |
| Jan 2, 2002 | G a M C Federal Credit Union | California Adventist Federal Credit Union |
| Jan 2, 2002 | Community Credit Union | Multipli Federal Credit Union |
| Jan 2, 2002 | Brach Credit Union | Credit Union 1 |
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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