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 |
|---|---|---|
| Sep 13, 2002 | Eagle National Bank | Sterling Bank |
| Sep 11, 2002 | First National Bank | First National Bank |
| Sep 9, 2002 | Bank of Clinton County, Inc. | Monticello Banking Company |
| Sep 9, 2002 | Bank of Monte Vista | Sunflower Bank, N.A. |
| Sep 7, 2002 | First Bank of Apache | Shamrock Bank, N.A. |
| Sep 7, 2002 | Area Bancshares Support Services | Truist Bank |
| Sep 7, 2002 | Peoples Financial Corp., Inc. | S&T Bancorp, Inc. |
| Sep 7, 2002 | Clayton State Bank | Shamrock Bank, N.A. |
| Sep 7, 2002 | PFC Bank | S & T Bank |
| Sep 7, 2002 | The American National Bank of Kimball | Points West Community Bank |
| Sep 4, 2002 | Palm Beach National Holding Company | The Colonial Bancgroup, Inc. |
| Sep 3, 2002 | S.M.W. Local 110 Federal Credit Union | Beacon Community Credit Union |
| Sep 1, 2002 | Gulf West Banks, Inc. | The South Financial Group, Inc. |
| Sep 1, 2002 | United Trades Federal Credit Union | Act 1st Federal Credit Union |
| Sep 1, 2002 | Texaco Houston Credit Union | Chevron Federal Credit Union |
| Sep 1, 2002 | B M a Credit Union | Central Communications Credit Union |
| Sep 1, 2002 | Northside of San Antonio Federal Credit Union | Generations Community Federal Credit Union |
| Sep 1, 2002 | American Automobile Association Employees Federal Credit Union | Gte Federal Credit Union dba Gte Financial |
| Sep 1, 2002 | Journal Star Employees Credit Union | Peoples Choice Federal Credit Union |
| Sep 1, 2002 | Alliance Credit Union | The Family Credit Union |
| Sep 1, 2002 | Columbia Federal Credit Union | State Employees Credit Union of Maryland Inc. |
| Sep 1, 2002 | Copes Vulcan Federal Credit Union | Tri State Rail Federal Credit Union |
| Sep 1, 2002 | Southington Savings Bank | TD Bank, N.A. |
| Sep 1, 2002 | Paradigm Bank Texas | Prosperity Bank |
| Sep 1, 2002 | Rockwell Pittsburgh Federal Credit Union | Frick Financial Federal Credit Union |
| Sep 1, 2002 | Mercantile Bank | Mercantile Bank |
| Sep 1, 2002 | Orco Federal Credit Union | Health Care Family Credit Union |
| Sep 1, 2002 | KCS Employee of Shreveport Credit Union | Barksdale Federal Credit Union |
| Aug 31, 2002 | Peoples Federal Savings and Loan Association | First Federal Bank |
| Aug 31, 2002 | C&D Conyers Federal Credit Union | On the Grid Financial Federal Credit Union |
| Aug 27, 2002 | EFS Federal Savings Bank | Concord Efs National Bank |
| Aug 26, 2002 | Orangeville Community Bank | Community Bank |
| Aug 24, 2002 | The First National Bank of Amarillo | Wells Fargo Bank Texas, National Association |
| Aug 24, 2002 | Southeast Security Bank | Two Rivers Bank & Trust |
| Aug 24, 2002 | Marathon Bancorp | PacWest Bancorp |
| Aug 24, 2002 | Marathon National Bank | Banc of California |
| Aug 24, 2002 | First Fidelity Investment & Loan | Hawthorne Savings, F.S.B. |
| Aug 24, 2002 | Hamilton Savings Bank | Oritani Bank |
| Aug 24, 2002 | Vista Bank, National Association | United Trust Bank |
| Aug 23, 2002 | Merchants State Bank of Lewisville | Farmers State Bank of Madelia, Incorporated |
| Aug 23, 2002 | Upland Bank | Banc of California |
| Aug 22, 2002 | Bank One, Colorado, National Association | Bank One, National Association |
| Aug 22, 2002 | Bank One, Wisconsin | Bank One, National Association |
| Aug 22, 2002 | Goosepond Industrial Credit Union | Winsouth Credit Union |
| Aug 22, 2002 | Bank One, Indiana, National Association | Bank One, National Association |
| Aug 21, 2002 | Charter-Michigan Bancorp, Inc. | Charter One Financial, Inc. |
| Aug 21, 2002 | Vista Bancorp, Inc. | United National Bancorp |
| Aug 19, 2002 | Midwest Bank of Mc Henry County | Midwest Bank and Trust Company |
| Aug 19, 2002 | midwest Bank of Hinsdale | Midwest Bank and Trust Company |
| Aug 17, 2002 | Texas Star Federal Credit Union | J S C Federal 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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