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 |
|---|---|---|
| Jan 2, 2002 | Exchange State Bank | Exchange State Bank |
| Jan 2, 2002 | Montgomery Savings, A Federal Savings Association | MainSource Bank - Crawfordsville |
| Jan 2, 2002 | Skinner Employees Federal Credit Union | Nutmeg State Financial Credit Union |
| Jan 2, 2002 | FNB West Texas | Vista Bank |
| Jan 2, 2002 | Overseas Union Bank Limited | United Overseas Bank Limited |
| Jan 2, 2002 | Citibank USA | Citibank (South Dakota), N.A. |
| Jan 1, 2002 | FNC Trust Group, N.A. | First National Bank of Colorado |
| Jan 1, 2002 | LB Community Bank and Trust, FSB | Thrivent Trust Co. |
| Jan 1, 2002 | First Massachusetts Bank, National Association | TD Bank, N.A. |
| Jan 1, 2002 | Banknorth Investment Management Group, N.A. | TD Bank, N.A. |
| Jan 1, 2002 | NBT of Delaware, Inc. | International Bancshares Corporation |
| Jan 1, 2002 | MCB Financial Corporation | Business Bancorp |
| Jan 1, 2002 | FNC Bancorp, Inc. | FNC Bancorp, Inc. |
| Jan 1, 2002 | Metro Commerce Bank | Business Bank of California |
| Jan 1, 2002 | Cable Area Credit Union | Hayward Community Credit Union |
| Jan 1, 2002 | Westmont Corporation | Kerndt Bank Services, Inc. |
| Jan 1, 2002 | The First National Company | FNC., Inc. |
| Jan 1, 2002 | Bovey Financial Corporation | Mesaba Bancshares, Inc. |
| Jan 1, 2002 | Farmers Bancshares, Inc. | Plainville Bancshares, Inc. |
| Jan 1, 2002 | College of Dupage Federal Credit Union | Dupage Credit Union |
| Jan 1, 2002 | First Vermont Bank , National Association | TD Bank, N.A. |
| Jan 1, 2002 | Kerotest Employees Federal Credit Union | Tri Boro Federal Credit Union |
| Jan 1, 2002 | Trane Southern Federal Credit Union | Altra Federal Credit Union |
| Jan 1, 2002 | Justin Industry Federal Credit Union | Unity One Credit Union |
| Jan 1, 2002 | Metlife Trust Company, N.A. | Metlife Bank, N.A. |
| Jan 1, 2002 | Bennett State Bank | Liberty Trust & Savings Bank |
| Jan 1, 2002 | Hambuco Federal Credit Union | Aurgroup Financial Credit Union |
| Jan 1, 2002 | A F East Federal Credit Union | Alabama Credit Union |
| Jan 1, 2002 | Lenox Savings Bank | Legacy Banks |
| Jan 1, 2002 | Central Valley Credit Union | Mocse Federal Credit Union |
| Jan 1, 2002 | YHLQ Federal Credit Union | First Capital Federal Credit Union |
| Jan 1, 2002 | Beardstown Community Credit Union | Credit Union 1 |
| Jan 1, 2002 | Evergreen Bank, National Association | TD Bank, N.A. |
| Jan 1, 2002 | PP&L Co Harrisburg Division Federal Credit Union | Pennsylvania Central Federal Credit Union |
| Jan 1, 2002 | Detroit Ryerson Employees Federal Credit Union | Credit Union One |
| Jan 1, 2002 | Saint Augustine Credit Union, Inc. | C & O United Credit Union |
| Jan 1, 2002 | Citizens Bank, Inc. | Citizens South Bank |
| Jan 1, 2002 | Heritage Credit Union | Veridian Credit Union |
| Jan 1, 2002 | Gloucester Bank & Trust Company | TD Bank, N.A. |
| Jan 1, 2002 | Daly City Employees Federal Credit Union | Monterra Credit Union |
| Jan 1, 2002 | Educom Credit Union | Truity Federal Credit Union |
| Jan 1, 2002 | Fairview Bank | First Security Bank - West |
| Jan 1, 2002 | Wasatch Mountain Federal Credit Union | Premier Services Credit Union |
| Jan 1, 2002 | NBC Bank, National Association | International Bank of Commerce |
| Jan 1, 2002 | Briggs-Weaver Employees Credit Union | Neighborhood Credit Union |
| Jan 1, 2002 | Capitol Thrift and Loan Association | Capitol Valley Bank |
| Jan 1, 2002 | Instron Employees Federal Credit Union | Arise Federal Credit Union |
| Jan 1, 2002 | Central Carolina Bank and Trust Company | National Bank of Commerce |
| Jan 1, 2002 | West C.O.E. Federal Credit Union | Kearney Eaton Employees Federal Credit Union |
| Jan 1, 2002 | Vip Metro Federal Credit Union | City & County 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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