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 1, 2002 | Webster Valve Employees Federal Credit Union | Granite State Credit Union |
| Jan 1, 2002 | United Bank Texas | State Bank |
| Jan 1, 2002 | Craigmont Credit Union | Cottonwood Community Federal Credit Union |
| Jan 1, 2002 | Peoples State Bank of Commerce | Peoples State Bank of Commerce |
| Jan 1, 2002 | Wegmans Federal Credit Union | Esl Federal Credit Union |
| Jan 1, 2002 | The First National Bank of Bovey | American Bank of the North |
| Jan 1, 2002 | Bank of the Carolinas | Bank of the Carolinas |
| Jan 1, 2002 | Pacific Retailers Omni Federal Credit Union | Pacific NW Federal Credit Union |
| Jan 1, 2002 | Commonwealth Gas Employees Credit Union | Allcom Credit Union |
| Jan 1, 2002 | Ohio Valley General Hospital Federal Credit Union | Clearview Federal Credit Union |
| Jan 1, 2002 | Community Banks, National Association | CommunityBanks |
| Jan 1, 2002 | Flink Employees Credit Union | Streator Community Credit Union |
| Jan 1, 2002 | Gilbert Credit Union | Lakeview Credit Union |
| Jan 1, 2002 | Madison-Anson Community Federal Credit Union | Franklin -Somerset Federal Credit Union |
| Jan 1, 2002 | Springfield Ohio Newspapers Inc. Federal Credit Union | Ih Credit Union, Inc |
| Jan 1, 2002 | Franklin Lamoille Bank, National Association | TD Bank, N.A. |
| Jan 1, 2002 | Louisiana Central Bank | Delta Bank |
| Jan 1, 2002 | Saint Josephs Tri-Parish Federal Credit Union | First Education Federal Credit Union |
| Jan 1, 2002 | Monocacy Federal Credit Union | Nymeo Federal Credit Union |
| Jan 1, 2002 | Airpax Federal Credit Union | United Shoreline Federal Credit Union |
| Jan 1, 2002 | Andover Bank | TD Bank, N.A. |
| Jan 1, 2002 | The Howard Bank, National Association | TD Bank, N.A. |
| Jan 1, 2002 | Texaco Credit Union of New Orleans | Cusa Federal Credit Union |
| Jan 1, 2002 | Lake Country Credit Union | Prime Financial Credit Union |
| Jan 1, 2002 | Cornerstone Savings Association | Earthstar Bank |
| Jan 1, 2002 | Bank of New Hampshire, National Association | TD Bank, N.A. |
| Jan 1, 2002 | Valley Finance Service, Inc. | Pioneer Bank |
| Jan 1, 2002 | Money Management Associates, Inc. | Money Management Advisers, Inc. |
| Jan 1, 2002 | Salem Community Bankshares, Inc. | FNB Corporation |
| Jan 1, 2002 | Oregon Business Bank | Banner Bank |
| Jan 1, 2002 | Passumpsic Bank, FSB | Passumpsic Savings Bank |
| Jan 1, 2002 | LFS-BV, Inc. | Bay View Bank, N.A. |
| Jan 1, 2002 | Ap & Sa Credit Union | New Jersey Community Federal Credit Union |
| Jan 1, 2002 | Boc Financial Corp. | Bank of the Carolinas |
| Jan 1, 2002 | Nebraska Trust Company, N.A. | The Fremont National Bank and Trust Company |
| Jan 1, 2002 | First Western Bank | MountainBank |
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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