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 |
|---|---|---|
| Jul 13, 2002 | Marquette Bank Morrison | Wells Fargo Bank Illinois, National Association |
| Jul 13, 2002 | Marquette Bank Monmouth | Wells Fargo Bank Illinois, National Association |
| Jul 13, 2002 | Marquette Bank, National Association | Wells Fargo Bank Minnesota, National Association |
| Jul 12, 2002 | Brookhollow National Bank | Regions Bank |
| Jul 12, 2002 | The First State Bank | Prosperity Bank |
| Jul 11, 2002 | The Bank of Perry | First State Bank and Trust |
| Jul 11, 2002 | Rowan-Iredell Area Credit Union | First Legacy Community Credit Union |
| Jul 10, 2002 | Ventura Texaco Employees Federal Credit Union | Ventura County Credit Union |
| Jul 10, 2002 | Shawnee Bancshares, Inc. | First Southern Bancshares, Inc |
| Jul 10, 2002 | Advance Stamping Company Federal Credit Union | Parkway Federal Credit Union |
| Jul 8, 2002 | The Beatrice National Bank and Trust Company | Pinnacle Bank |
| Jul 5, 2002 | Norton Federal Credit Union | Valley Federal Credit Union |
| Jul 1, 2002 | Cerritos Valley Bancorp | Cerritos Valley Bank |
| Jul 1, 2002 | Credit Carimonte S.P.A. | Unicredit S.P.A. |
| Jul 1, 2002 | F & M Community Bank, N.A. | F & M Community Bank, N.A. |
| Jul 1, 2002 | Advance Acceptance Corporation | First Western Bank and Trust |
| Jul 1, 2002 | Ridgeway Bancshares, Inc. | Community Bankshares, Inc. |
| Jul 1, 2002 | Data Fac Computer Company, Inc. | Bank of Commerce |
| Jul 1, 2002 | Middlesex Bank & Trust Company | Connecticut Community Bank, N.A. |
| Jul 1, 2002 | Household Bank (Nevada), N.A. | HSBC Bank Nevada, N.A. |
| Jul 1, 2002 | Rolo Banca 1473 S.P.A. | Unicredit S.P.A. |
| Jul 1, 2002 | Beneficial National Bank USA | HSBC Bank Nevada, N.A. |
| Jul 1, 2002 | East Point Municipal Employees Credit Union | Fort McPherson Credit Union |
| Jul 1, 2002 | Garfield Credit Union | Transwest Credit Union |
| Jul 1, 2002 | First Community Credit Union of Marinette | Forward Financial Credit Union |
| Jul 1, 2002 | Southeast Florida Credit Union | Ithink Financial Credit Union |
| Jul 1, 2002 | Columbia Hospital for Women Federal Credit Union | Democracy Federal Credit Union |
| Jul 1, 2002 | Motion Control Industries Federal Credit Union | Penntech Employees Federal Credit Union |
| Jul 1, 2002 | Progressive Credit Union | Credit Union 1 |
| Jul 1, 2002 | Arrowhead Cooperative Credit Union | Members Cooperative Credit Union |
| Jul 1, 2002 | Roosevelt County School Employee Credit Union | First Financial Credit Union |
| Jul 1, 2002 | Northwest Indiana Medical Federal Credit Union | Northern Indiana Federal Credit Union |
| Jul 1, 2002 | Ryco Federal Credit Union | Rimrock Credit Union |
| Jul 1, 2002 | First Commercial Bank of Southeast Missouri | First Commercial Bank |
| Jul 1, 2002 | Blessed Sacrament Federal Credit Union | SJB Federal Credit Union |
| Jul 1, 2002 | P. W. T. Federal Credit Union | First Community Credit Union |
| Jul 1, 2002 | Heco Federal Credit Union | Tacoma Narrows Federal Credit Union |
| Jul 1, 2002 | Warren State Hospital Employees Federal Credit Union | N F G #2 Federal Credit Union |
| Jul 1, 2002 | Kenosha Catholic Community Credit Union | Educators Credit Union |
| Jun 30, 2002 | Local 648 Hamilton Federal Credit Union | Chaco Credit Union, Inc. |
| Jun 30, 2002 | Landmark Bancshares of Oklahoma, Inc | Landrum Company |
| Jun 30, 2002 | Landmark Bancshares of Texas, Inc. | Landrum Company |
| Jun 30, 2002 | Jack's Fork Bancorporation, Inc. | Landrum Company |
| Jun 30, 2002 | Durham Municipal Credit Union | Members Credit Union |
| Jun 30, 2002 | PRR Conemaugh Federal Credit Union | Merho Federal Credit Union |
| Jun 29, 2002 | Western Security Finance Corporation | Citizens Business Bank, N.A. |
| Jun 29, 2002 | Western Security Acceptance Corporation | Citizens Business Bank, N.A. |
| Jun 29, 2002 | Western Security Bank, National Association | Citizens Business Bank, N.A. |
| Jun 28, 2002 | Winterset State Bank | Central Bank of Kansas City |
| Jun 28, 2002 | Citizens State Bank of Gaylord | Progrowth 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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