Mergers by Year
Bank Mergers in 2003
The Federal Reserve's National Information Center (NIC) recorded 751 merger records involving a bank, credit union or bank holding company in 2003. 288 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 786 in 2002.
288
Banks acquired
NIC, banks as the acquired side
0
Credit unions merged
NIC, credit unions as the acquired side
130
Holding companies
Bank holding companies merged
Largest bank mergers of 2003
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 2003 | Fifth Third Bank, Kentucky, Inc. | — | Fifth Third Bank |
| Dec 31, 2003 | The Broadway National Bank of Chelsea | — | Boston Federal Savings Bank |
| Dec 31, 2003 | First National Trust Company | — | First National Bank of Pennsylvania |
| Dec 31, 2003 | Fifth Third Bank, Florida | — | Fifth Third Bank |
| Dec 31, 2003 | Jacksonville Savings Bank, SSB | — | Franklin Bank, S.S.B. |
| Dec 31, 2003 | Providian Bank | — | Providian National Bank |
| Dec 31, 2003 | The Fifth Third Bank of Northern Kentucky, Inc. | — | Fifth Third Bank |
| Dec 31, 2003 | Fifth Third Bank, Indiana | — | Fifth Third Bank |
| Dec 24, 2003 | The Lenox Savings Bank | — | Foundation Bank |
| Dec 20, 2003 | The First National Bank of O'Donnell | — | The State National Bank of Big Spring |
| Dec 15, 2003 | HomeTowne Heritage Bank | — | National Penn Bank |
| Dec 13, 2003 | Windsor Locks Community Bank, FSL | — | Enfield Federal Savings and Loan Association |
| Dec 13, 2003 | Great Lakes Bank | — | SKY Bank |
| Dec 12, 2003 | Security Bank National Association | — | Citibank Texas, National Association |
| Dec 10, 2003 | First State Bank of North Texas | — | Prosperity Bank |
Every merger recorded in 2003
751 NIC merger records in 2003 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Apr 25, 2003 | Mechanics Savings Bank | Sun Bank |
| Apr 22, 2003 | Middlesex Community Federal Credit Union | Baylands Family Credit Union, Inc. |
| Apr 18, 2003 | Amphenol RF Operation Employees Credit Union Inc. | Danbury Cyanamid Employees Credit Union |
| Apr 17, 2003 | New Castle City Employees Federal Credit Union | First Choice Federal Credit Union |
| Apr 16, 2003 | Washington Federal Savings Bank | Federation Bank |
| Apr 15, 2003 | May National Bank of Arizona | May National Bank of Ohio |
| Apr 15, 2003 | FBR Capital Management, Inc. | Friedman, Billings, Ramsey Group, Inc. |
| Apr 15, 2003 | Ba Mortgage, LLC | Bank of America, N.A. |
| Apr 15, 2003 | BankChicago | Standard Bank and Trust Company |
| Apr 14, 2003 | PRC Employees Credit Association Credit Union | Holley Credit Union |
| Apr 14, 2003 | The Express Bank | CTBC Bank Corp. (USA) |
| Apr 14, 2003 | Orkney Holdings, Inc. | Friedman, Billings, Ramsey Group, Inc. |
| Apr 12, 2003 | Southwest Bank | Western State Bank |
| Apr 11, 2003 | First National Bank | State Bank Financial |
| Apr 11, 2003 | First American Bancorp, Inc. | First American Bank |
| Apr 10, 2003 | Phila Orchestra Federal Credit Union | Sun Federal Credit Union |
| Apr 8, 2003 | Alexandria Postal Credit Union | Commonwealth One Federal Credit Union |
| Apr 8, 2003 | Eastalco Federal Credit Union | Chessie Federal Credit Union |
| Apr 7, 2003 | Northern Plains Bancshares, Inc. | Border Bancshares, Inc. |
| Apr 5, 2003 | Heritage Bank & Trust Company | The Fountain Trust Company |
| Apr 5, 2003 | North State National Bank | Tri Counties Bank |
| Apr 5, 2003 | C M S Federal Credit Union | Air Academy Federal Credit Union |
| Apr 4, 2003 | Founders Bancshares, Inc. | Wachovia of Alabama, Inc. |
| Apr 4, 2003 | Skillman Bancshares, Inc. | Wachovia of Alabama, Inc. |
| Apr 4, 2003 | Founders National Bank-Skillman | SouthTrust Bank |
| Apr 1, 2003 | The Bank of Toccoa | First Citizens Bank and Trust Company, Inc. |
| Apr 1, 2003 | The Chase Manhattan Trust Company of Illinois | J.P. Morgan Trust Company, N.A. |
| Apr 1, 2003 | Premier National Bank of Dalton | FSGBank, National Association |
| Apr 1, 2003 | Security Bancorp of Dupage, Inc. | First Mutual Bancorp of Illinois, Inc. |
| Apr 1, 2003 | Maritime Credit Union | Riverwood-Maritime Credit Union |
| Apr 1, 2003 | First Banks, Inc. | First Citizens Bank and Trust Company, Inc. |
| Apr 1, 2003 | Allfirst Financial Inc. | M&T Bank Corporation |
| Apr 1, 2003 | Blue Hill Agency, Inc. | Campbell State Company |
| Apr 1, 2003 | Samson Perfection Employees Federal Credit Union | Lakeview Federal Credit Union |
| Apr 1, 2003 | Pillsbury Denison Federal Credit Union | Texoma Educators Federal Credit Union |
| Apr 1, 2003 | San Gabriel Valley Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Apr 1, 2003 | Pascagoula School Employees Federal Credit Union | Singing River Federal Credit Union |
| Apr 1, 2003 | Harris Employees Federal Credit Union | Guardian First Federal Credit Union |
| Apr 1, 2003 | Iowa National Guard Credit Union | Greater Iowa Credit Union |
| Apr 1, 2003 | The Commercial Bank | South Central State Bank |
| Apr 1, 2003 | I K Employees Federal Credit Union | Muncie Federal Credit Union |
| Apr 1, 2003 | Liberty Savings and Loan Association | Security Savings Bank, SSB |
| Apr 1, 2003 | Exchange Credit Union | Federal Family Federal Credit Union |
| Apr 1, 2003 | O.C.I.B.E.W. Federal Credit Union | Tinker Federal Credit Union |
| Apr 1, 2003 | U S a Local #188 Credit Union, Inc. | Cleveland Police Credit Union, Inc. |
| Apr 1, 2003 | Allfirst Bank | Manufacturers and Traders Trust Company |
| Apr 1, 2003 | Oahu Plumbing Federal Credit Union | Hawaiian Financial Federal Credit Union |
| Apr 1, 2003 | Ferro Employees Credit Union, Inc. | Community United Credit Union |
| Apr 1, 2003 | B K Pittsburgh Employees Federal Credit Union | Clearview Federal Credit Union |
| Apr 1, 2003 | Cincinnati Musicians Federal Credit Union | Communicating Arts Credit Union, Inc. |
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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