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 |
|---|---|---|
| Oct 5, 2002 | Lincoln Savings and Loan Association | First Federal Savings Bank of Ironton |
| Oct 5, 2002 | Grafton State Bank | Heartland Bank |
| Oct 5, 2002 | Union Bank and Trust Company of Indiana | MainSource Bank |
| Oct 2, 2002 | Southwest Bank Holding Company | Prosperity Bancshares, Inc. |
| Oct 2, 2002 | Gateway American Bancshares, Inc. | P.C.B. Bancorp, Inc. |
| Oct 2, 2002 | First Community Industrial Bank | First Community Bank |
| Oct 1, 2002 | Portage Credit Union | Summit Credit Union |
| Oct 1, 2002 | Fort Hamilton Credit Union, Inc. | Cinco Family Financial Center Credit Union |
| Oct 1, 2002 | Cergro Employees Credit Union | Numark Credit Union |
| Oct 1, 2002 | Madison Police Credit Union | Madison Credit Union |
| Oct 1, 2002 | (unnamed) | Arkansas County Bank |
| Oct 1, 2002 | First State Bank of Nebraska | Heartland Community Bank |
| Oct 1, 2002 | Three Rivers Bancorp, Inc | SKY Financial Group, Inc. |
| Oct 1, 2002 | Harbor Bank, National Association | Venture Bank |
| Oct 1, 2002 | Lenders Federal Credit Union | Garden State Federal Credit Union |
| Oct 1, 2002 | Capital Bancshares, Inc. | Johnson Financial Group, Inc. |
| Oct 1, 2002 | Capital Bank | Johnson Bank |
| Oct 1, 2002 | Banc One Services Corporation | Bank One, National Association |
| Oct 1, 2002 | Anderson Post Office Credit Union | Madison County Federal Credit Union |
| Oct 1, 2002 | C B Financial Corp. | First Citizens Bancorporation, Inc. |
| Oct 1, 2002 | Mississippi Valley Bancshares, Inc. | M&I LLC |
| Oct 1, 2002 | Nicom Credit Union | Alero Financial Credit Union |
| Oct 1, 2002 | Fox Employees Credit Union | S D C Employees Credit Union |
| Oct 1, 2002 | Bowling Green Federal Employees Federal Credit Union | Service One Credit Union, Inc. |
| Oct 1, 2002 | Mile High Turkey Federal Credit Union | Premier Members Federal Credit Union |
| Oct 1, 2002 | Transit Credit Union, Inc. | C & O United Credit Union |
| Oct 1, 2002 | U P & L Ogden Credit Union | Utah Power Credit Union |
| Oct 1, 2002 | Wreco Federal Credit Union | Midwest Members Credit Union |
| Oct 1, 2002 | R W C Employees Credit Union | Sunrise Family Credit Union |
| Oct 1, 2002 | Ottumwa Railroad Employees Credit Union | River Community Credit Union |
| Oct 1, 2002 | Western Kraft Employees Federal Credit Union | Red Canoe Credit Union |
| Oct 1, 2002 | Ocean City Employees Federal Credit Union | First Harvest Federal Credit Union |
| Sep 30, 2002 | Harbor Credit Union, Inc. | Buckeye State Credit Union, Inc. |
| Sep 30, 2002 | Community Advantage Federal Credit Union | Dupont Community Credit Union |
| Sep 30, 2002 | The First National Bank of Otis | Colorado Community Bank |
| Sep 30, 2002 | Akron E O G Federal Credit Union | Dominion Energy Credit Union |
| Sep 30, 2002 | Verdugo Hills Postal Federal Credit Union | North Hollywood Federal Credit Union |
| Sep 28, 2002 | The Wymore State Bank | Pinnacle Bank |
| Sep 28, 2002 | Marquette Trust Company of South Dakota, N.A. | Wells Fargo Bank South Dakota, N.A. |
| Sep 27, 2002 | Calvin B. Taylor Bank of Delaware | Calvin B. Taylor Banking Company of Berlin, Maryland |
| Sep 25, 2002 | Northern Plains Investment, Inc. | North Star Holding Company, Inc. |
| Sep 23, 2002 | South Plains Financial Services, Inc. | South Plains Delaware Financial Corporation |
| Sep 21, 2002 | Hamel State Bank | The First National Bank in Staunton |
| Sep 21, 2002 | The Pavilion State Bank | National Bank of Geneva |
| Sep 19, 2002 | The Findlay Savings Bank | Foundation Bank |
| Sep 16, 2002 | Illinois Police Federation Federal Credit Union | Metro Federal Credit Union |
| Sep 14, 2002 | The Midway National Bank of St. Paul | American Bank of St. Paul |
| Sep 14, 2002 | Massachusetts Co-operative Bank | Abington Savings Bank |
| Sep 14, 2002 | Bank of Louisville | Truist Bank |
| Sep 13, 2002 | Prestige Bank, A Federal Savings Bank | Northwest 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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