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 |
|---|---|---|
| Feb 28, 2003 | Pine Island Bancshares, Inc. | Zumbrota Agency, Inc. |
| Feb 28, 2003 | Granite State Bankshares, Inc. | Chittenden Corporation |
| Feb 28, 2003 | First Iowa Community Credit Union | First Class Community Credit Union |
| Feb 27, 2003 | Belden Credit Union | Natco Credit Union |
| Feb 27, 2003 | Wyman Park Federal Savings and Loan Association | Bradford Bank |
| Feb 27, 2003 | FNB Newton Bankshares, Inc. | Synovus Financial Corp. |
| Feb 26, 2003 | FirstService Bank | National Penn Bank |
| Feb 26, 2003 | Chilpaco Employees Credit Union, Inc. | Homeland Credit Union, Inc. |
| Feb 24, 2003 | Community First Financial Corporation | Ozarks Heritage Financial Group, Inc |
| Feb 22, 2003 | Eagle Bank of Alabama | CharterBank |
| Feb 22, 2003 | (unnamed) | Great Western Bank |
| Feb 22, 2003 | Citizens Bank of Princeton | Great Western Bank |
| Feb 21, 2003 | Sharp Federal Credit Union | Cabrillo Credit Union |
| Feb 16, 2003 | Erie Hamot Federal Credit Union | Widget Federal Credit Union |
| Feb 16, 2003 | Woodstown National Bank | Fulton Bank of New Jersey |
| Feb 15, 2003 | The First State Bank | Texas State Bank |
| Feb 15, 2003 | CCB-Nevada, Inc. | BBVA Compass Bancshares, Inc. |
| Feb 15, 2003 | Corpus Christi Bancshares, Inc. | BBVA Compass Bancshares, Inc. |
| Feb 15, 2003 | American Savings Bank | TD Bank, N.A. |
| Feb 14, 2003 | Salt City Hospital Federal Savings and Loan | Beacon Federal |
| Feb 14, 2003 | American Financial Holdings, Inc. | TD Bank, N.A. |
| Feb 14, 2003 | State National Bank | State National Bank |
| Feb 11, 2003 | Syroco Federal Credit Union | Syracuse Fire Department Emloyee Federal Credit Union |
| Feb 10, 2003 | Buffalo Nickel Plate Federal Credit Union | Buffalo Conrail Federal Credit Union |
| Feb 10, 2003 | South Holland Bancorp, Inc. | MB Financial, Inc. |
| Feb 4, 2003 | Carbon/graphic Group Federal Credit Union | Niagara's Choice Federal Credit Union |
| Feb 1, 2003 | Inluco Federal Credit Union | New Orleans Firemens Federal Credit Union |
| Feb 1, 2003 | Southwest Bank of Phoenix | M&I Marshall and Ilsley Bank |
| Feb 1, 2003 | First National of Henryetta, Inc. | First Okmulgee Corporation |
| Feb 1, 2003 | New London Telephone Employees Federal Credit Union | Waypoint Federal Credit Union |
| Feb 1, 2003 | Exco Federal Credit Union | Efcu Financial Federal Credit Union |
| Feb 1, 2003 | Bi-Lo Employees Credit Association Federal Credit Union | Market USA Federal Credit Union |
| Feb 1, 2003 | Terrell Community Credit Union | Lone Star Credit Union |
| Feb 1, 2003 | Ashburton Federal Savings and Loan Association | Senator Bank |
| Feb 1, 2003 | Iuoe Local 542 District 4 Federal Credit Union | Pennsylvania Central Federal Credit Union |
| Feb 1, 2003 | Minnesota United Methodist Federal Credit Union | United Methodist First Choice Federal Credit Union |
| Feb 1, 2003 | Texas First United Federal Credit Union | Unity One Credit Union |
| Jan 31, 2003 | First Chicago NBD Auto Lease Corporation | Bank One, National Association |
| Jan 31, 2003 | Commerce Property and Casualty Agency, Inc. | Commerce Bancshares, Inc. |
| Jan 31, 2003 | PMC Federal Credit Union | Credit Union of Ohio |
| Jan 29, 2003 | AMCORE Mortgage, Inc. | AMCORE Bank, N.A. |
| Jan 27, 2003 | The United States National Bank of Red Lodge | First Interstate Bank |
| Jan 27, 2003 | Silver Run Bancorporation, Inc. | First Interstate Bancsystem, Inc. |
| Jan 25, 2003 | First State Bank | First State Bank |
| Jan 25, 2003 | City State Bank | First State Bank |
| Jan 25, 2003 | The Bank of Sharon | First State Bank |
| Jan 24, 2003 | Super U Credit Union | California Community Credit Union |
| Jan 23, 2003 | First Iowa Bank | Ohnward Bank & Trust |
| Jan 22, 2003 | Eastern Iowa Bancshares, Ltd. | First Iowa Bank |
| Jan 22, 2003 | The Heritage Bank of St. Joseph | The Nodaway Valley 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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