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.
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 1, 2003 | Tetley Federal Credit Union | Horizon Federal Credit Union |
| Apr 1, 2003 | Paramount Studios Employees Federal Credit Union | First Entertainment Credit Union |
| Apr 1, 2003 | First Bank and Trust | First Citizens Bank and Trust Company, Inc. |
| Apr 1, 2003 | Providence First Credit Union | Priority One Credit Union |
| Apr 1, 2003 | Viskase Employees Credit Union | Central Credit Union of Illinois |
| Mar 31, 2003 | First Central Bancshares, Inc. | United Community Banks, Inc. |
| Mar 31, 2003 | Charter Banking Corp. | F.N.B. Corporation |
| Mar 31, 2003 | First Bank & Trust | First Bank |
| Mar 31, 2003 | Bank of Ste. Genevieve | First Bank |
| Mar 31, 2003 | Belle State Bank | The Maries County Bank |
| Mar 31, 2003 | FBR Asset Investment Corporation | Friedman, Billings, Ramsey Group, Inc. |
| Mar 28, 2003 | Stanton Federal Savings Bank | Laurel Savings Bank |
| Mar 28, 2003 | UnionBank/Central | Centrue Bank |
| Mar 27, 2003 | F T Bancshares, Inc. | Ft Bancshares, Inc. |
| Mar 24, 2003 | Dorchester Bancshares, Inc. | Advantage Community Bancshares, Inc. |
| Mar 24, 2003 | California Chohung Bank | Shinhan Bank America |
| Mar 22, 2003 | Hasbro Employees Federal Credit Union | Wave Federal Credit Union |
| Mar 21, 2003 | Hometown National Bank | First Harrison Bank |
| Mar 21, 2003 | Hometown Bancshares, Inc. | First Capital, Inc |
| Mar 19, 2003 | Bank of Latah | AmericanWest Bank |
| Mar 18, 2003 | Bourbon Credit Union | Beacon Community Credit Union |
| Mar 17, 2003 | First Northern Savings Bank | Bank Mutual |
| Mar 15, 2003 | Equitable Bank | Truist Bank |
| Mar 15, 2003 | Pacific Business Bank | East West Bank |
| Mar 15, 2003 | The Commercial State Bank | Bruning Bank |
| Mar 14, 2003 | Bancmortgage Financial Corporation | National Bank of Commerce |
| Mar 12, 2003 | Mizuho Trust & Banking Co., LTD | Mizuho Trust & Banking Co., Ltd. |
| Mar 8, 2003 | Bank of Evening Shade | Bank of Cave City |
| Mar 7, 2003 | Citizens Bank of Delphos | The Union Bank Company |
| Mar 7, 2003 | The Bank of Leipsic Company | The Union Bank Company |
| Mar 6, 2003 | The First National Bank of Elwood | Pinnacle Bank |
| Mar 3, 2003 | Harris Trust/Bank of Montreal | The Harris Bank National Association |
| Mar 3, 2003 | Eastern Kentucky University Federal Credit Union | University of Kentucky Federal Credit Union |
| Mar 2, 2003 | Central Lakes Bancorporation, Inc. | Ambanc Financial Services, Inc. |
| Mar 1, 2003 | Empire Bank | Sterling Savings Bank |
| Mar 1, 2003 | Olympia Financial Corp. | M&T Bank Corporation |
| Mar 1, 2003 | CNBC Bancorp | First Merchants Corporation |
| Mar 1, 2003 | Acadiana Bancshares, Inc. | Iberiabank Corporation |
| Mar 1, 2003 | Enterprise Federal Savings Bank | First Liberty National Bank |
| Mar 1, 2003 | Abc Credit Union | Home Federal Credit Union |
| Mar 1, 2003 | United Financial Holdings, Incorporated | Synovus Financial Corp. |
| Mar 1, 2003 | Chemical & Industrial Federal Credit Union | Gte Federal Credit Union dba Gte Financial |
| Mar 1, 2003 | Citizens Federal Savings Bank | Citizens Trust Bank |
| Mar 1, 2003 | Teamsters Local 749 Federal Credit Union | Service First Federal Credit Union |
| Mar 1, 2003 | Portsmouth Post Office Credit Union | Northern Star Credit Union, Inc. |
| Mar 1, 2003 | Delta Federal Credit Union | Delta County Federal Credit Union |
| Mar 1, 2003 | Pruden Credit Union | Members First Credit Union |
| Mar 1, 2003 | First Charter Federal Credit Union | Wings Credit Union |
| Mar 1, 2003 | River Valley Credit Union | Financial Plus Credit Union |
| Mar 1, 2003 | Armstrong Employees Local 164 Credit Union | Greater Iowa 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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