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

Credit unions merged

NIC, credit unions as the acquired side

124

Holding companies

Bank holding companies merged

786

All merger records

2002 in US banking ›

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	State	Assets	Acquirer
Dec 31, 2002	First Savings and Loan Association of America, a Federal Savings Association	GU	—	Bank of Hawaii
Dec 31, 2002	First Pennsylvania Savings Association	PA	—	Fidelity Savings Bank
Dec 31, 2002	Liberty Bank	NJ	—	Northfield Bank
Dec 31, 2002	Banco Di Napoli S.P.A.	—	—	Sanpaolo Imi S.P.A.
Dec 24, 2002	First Community National Bank	IA	—	Union Bank of Arizona, N.A.
Dec 20, 2002	Community Bank - Excelsior Springs, A Savings Bank	MO	—	North American Savings Bank, FSB
Dec 16, 2002	Frontier National Bank	GA	—	Frontier Bank
Dec 14, 2002	Peoples Bank	KS	—	Great Western Bank
Dec 14, 2002	Banco Financiero de Puerto Rico	PR	—	Eurobank
Dec 14, 2002	Peoples Bank	NM	—	Peoples Bank
Dec 12, 2002	First National Bank of Johns Creek	GA	—	Main Street Bank
Dec 9, 2002	State Bank of Wonewoc	WI	—	Baraboo State Bank
Dec 7, 2002	Kaneland Community Bank	IL	—	American Bank and Trust Company, N.A.
Dec 7, 2002	High Street Banking Company	NC	—	Capital Bank
Dec 7, 2002	Mississippi Southern Bank	MS	—	State Bank & Trust Company

Biggest bank failures by assets ›

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	State	Acquirer
Jun 1, 2002	Security State Bank	IA	United Community Bank
Jun 1, 2002	Interstate Publishers Employees Credit Union	IL	Danville Bell Credit Union
Jun 1, 2002	Grand Bancorp, Inc.	AL	Bancorp of Lucedale, Inc.
Jun 1, 2002	K. Roberts, Inc.	MN	Northwestern Bancshares, Inc.
Jun 1, 2002	Century Bank, National Association	MN	M&I Marshall and Ilsley Bank
Jun 1, 2002	American Community Bank of Georgia	GA	First National Bank of Griffin
Jun 1, 2002	Security First Network Bank	GA	RBC Bank (USA)
Jun 1, 2002	Capitol Valley Bank	CA	Humboldt Bank
May 31, 2002	Alice City Employees Federal Credit Union	TX	Gulf Coast Federal Credit Union
May 31, 2002	SBC Financial Corporation	NY	The Oneida Savings Bank
May 31, 2002	First Superior Credit Union	WI	Unitedone Credit Union
May 29, 2002	Alcoa Federal Credit Union	IN	Health Care Professionals Federal Credit Union
May 28, 2002	Charter National Bancorp, Inc.	MI	Charter-Michigan Bancorp, Inc.
May 28, 2002	True Blue Federal Credit Union	WV	West Virginia Federal Credit Union
May 25, 2002	Palomar Community Bank	CA	1st Centennial Bank
May 23, 2002	Thomson Investment Company, Inc.	IL	Savanna-Thomson Investment, Inc.
May 23, 2002	Savanna State Bank	IL	Fidelity Bank
May 21, 2002	Erie Concrete Steel Employees Federal Credit Union	PA	Erie Times Employees Federal Credit Union
May 21, 2002	Omega City Holding Company	ND	First Financial Corporation
May 18, 2002	Citizens Bank and Trust Company	MS	The Citizens Bank of Philadelphia
May 17, 2002	Arvest Bank	OK	Arvest Bank
May 17, 2002	Charter One Commercial	NY	Charter One Bank, National Association
May 17, 2002	Arvest Bank	OK	Arvest Bank
May 17, 2002	Independence Bank, National Association	TX	Regions Bank
May 17, 2002	Arvest Bank	OK	Arvest Bank
May 16, 2002	Prices Employees Federal Credit Union	TX	Mountain Star Federal Credit Union
May 16, 2002	I S E a Credit Union	IA	Greater Iowa Credit Union
May 15, 2002	The Bank of Parrish	AL	First National Bank
May 15, 2002	CPR	—	Credit Agricole Corporate and Investment Bank
May 15, 2002	Harbor Japanese Credit Union	CA	Jacom Credit Union
May 14, 2002	First Western Bank	CA	MUFG Union Bank, National Association
May 11, 2002	Community First Bank	GA	Truist Bank
May 10, 2002	The Bank of St. Charles County	MO	Allegiant Bank
May 9, 2002	Starpoint Central School Federal Credit Union	NY	Niagara Regional Federal Credit Union
May 9, 2002	The Yonkers Savings and Loan Association, F.A.	NY	Atlantic Bank of New York
May 9, 2002	Texas Guaranty Bank, National Association	TX	Prosperity Bank
May 6, 2002	FNB-Southwest, National Association	VA	FNB Salem Bank and Trust, National Association
May 6, 2002	FNB Mortgage Company	CO	First Main Street Bank, National Association
May 2, 2002	Williamstown Mutual Holding Company	MA	Mountainone Financial, MHC
May 1, 2002	Bank of Avoca	NY	Bath National Bank
May 1, 2002	Coastal Commerce Bankshares, Inc.	LA	Kaplan State Bank
May 1, 2002	Cushman Federal Credit Union	NE	Lincone Federal Credit Union
May 1, 2002	Freedom Area Schools Federal Credit Union	PA	Freedom United Federal Credit Union
May 1, 2002	Ampco Credit Union	WI	Guardian Credit Union
May 1, 2002	Michigan Railroaders Credit Union	MI	South Central Credit Union
May 1, 2002	Christ Hospital Federal Credit Union	NJ	Healthcare Employees Federal Credit Union
May 1, 2002	LTV Steel Employees Federal Credit Union	IN	Tech Credit Union
May 1, 2002	Allied Van Lines Employees Credit Union	IL	Credit Union 1
May 1, 2002	Metro East Credit Union	IL	Scott Credit Union
May 1, 2002	Apa Federal Credit Union	DC	Signal Financial Federal Credit Union

Bank mergers by year

← 2001 · 2003 →

Year	Merger records
2026	360
2025	433
2024	314
2023	363
2022	432
2021	437
2020	437
2019	547
2018	643
2017	608
2016	655
2015	766

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.

Explore: all mergers · 2002 bank events · browse by acquirer · bank failures · all events