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 |
|---|---|---|
| Nov 8, 2002 | Bank One, Illinois, National Association | Bank One, National Association |
| Nov 6, 2002 | Buckeye International Employees Credit Union, Inc. | First Service Federal Credit Union |
| Nov 6, 2002 | U.S. National Bank | Local Oklahoma Bank |
| Nov 1, 2002 | USABANCSHARES.COM, Inc | Nova Financial Holdings, Inc |
| Nov 1, 2002 | Cba Bancshares, Inc. | Marquette Financial Companies |
| Nov 1, 2002 | Gold Trust Company | Gold Trust Company |
| Nov 1, 2002 | First National Bank of Bay City | Prosperity Bank |
| Nov 1, 2002 | Rock Hill Bank & Trust | Carolina First Bank |
| Nov 1, 2002 | Valencia Bank & Trust | MUFG Union Bank, National Association |
| Nov 1, 2002 | Birch Run Area Credit Union | Great Lakes Federal Credit Union |
| Nov 1, 2002 | Pascagoula City Employees Federal Credit Union | Singing River Federal Credit Union |
| Nov 1, 2002 | Saint Pius Tenth Federal Credit Union | Space Age Credit Union |
| Nov 1, 2002 | Regional Health Care Federal Credit Union | United Southeast Federal Credit Union |
| Nov 1, 2002 | New Horizons Federal Credit Union | Northwest Arkansas Federal Credit Union |
| Nov 1, 2002 | Newnan Canco Employees Federal Credit Union | Coweta Cities & County Employees Federal Credit Union |
| Nov 1, 2002 | Texas Gas Employees Credit Union | Transcend Credit Union |
| Nov 1, 2002 | Mid-Continent Federal Credit Union | Heritage USA Federal Credit Union |
| Nov 1, 2002 | Razorback Federal Credit Union | Northwest Arkansas Federal Credit Union |
| Nov 1, 2002 | Fontaine Employees Federal Credit Union | Southern Energy Credit Union |
| Nov 1, 2002 | Indiana County Pennsylvania School Employees Federal Credit Union | Pennsylvania State Employees Cu |
| Nov 1, 2002 | The Citizens National Bank & Trust Co. | Kanza Bank |
| Nov 1, 2002 | Hotchkiss Community Federal Credit Union | Delta County Federal Credit Union |
| Nov 1, 2002 | Southern Oklahoma Federal Credit Union | Communication Federal Credit Union |
| Nov 1, 2002 | Steelcase of California Employee Federal Credit Union | Wescom Central Credit Union |
| Nov 1, 2002 | Westop Credit Union | Sound Credit Union |
| Oct 31, 2002 | Heritage Bancshares, Inc. | Piper Holdings, Inc. |
| Oct 31, 2002 | Biggsville Financial Corporation | Herky Hawk Financial Corp. |
| Oct 29, 2002 | Bank of Canton of California | United Commercial Bank |
| Oct 28, 2002 | Security State Bank | Central Bank |
| Oct 28, 2002 | First Security Banshares, Inc. | Central Bank |
| Oct 26, 2002 | Fidelity Federal Bank, a Federal Savings Bank | California National Bank |
| Oct 26, 2002 | Three Rivers Bank and Trust Company | SKY Bank |
| Oct 25, 2002 | First State Bank of Fort Benton | First Security Bank |
| Oct 25, 2002 | State Bank of Jefferson County | Allegiant Bank |
| Oct 19, 2002 | Heritage Bank, National Association | Heritage Bank |
| Oct 19, 2002 | Pulaski Savings Bank | Kearny Bank |
| Oct 18, 2002 | Cerro Gordo Building and Loan, S.B. | State Bank of Cerro Gordo |
| Oct 18, 2002 | Palm Beach National Bank & Trust Company | Colonial Bank |
| Oct 17, 2002 | Southern Credit Services, Inc. | Southern Community Bank and Trust |
| Oct 16, 2002 | Medford Bancorp, Inc. | Citizens Financial Group, Inc. |
| Oct 16, 2002 | Medford Savings Bank | Citizens Bank of Massachusetts |
| Oct 15, 2002 | Southwest Bank | First Commonwealth Bank |
| Oct 12, 2002 | American Bank | The Home State Bank |
| Oct 12, 2002 | 541 Investment Co. | The Home State Bank |
| Oct 10, 2002 | (unnamed) | Gateway Business Bank |
| Oct 10, 2002 | Greenfield Printers Credit Union, Inc. | Homeland Credit Union, Inc. |
| Oct 9, 2002 | Lockheed Martin Fairchild Systems Federal Credit Union | Fourleaf Federal Credit Union |
| Oct 9, 2002 | Fordham Federal Credit Union | Academic Federal Credit Union |
| Oct 7, 2002 | Crest Bancorp, Inc. | Piper Bankshares, Inc. |
| Oct 7, 2002 | Roberts State Bank | Vermilion Valley Bank |
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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