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 |
|---|---|---|
| Oct 21, 2003 | GBC Bancorp | Cathay General Bancorp |
| Oct 19, 2003 | GLB Bancorp, Inc. | SKY Financial Group, Inc. |
| Oct 18, 2003 | Avery County Bank | First-Citizens Bank & Trust Company |
| Oct 18, 2003 | First Ridge Farm State Bank | First Financial Bank, N.A. |
| Oct 18, 2003 | Bell Federal Savings and Loan Association | Northwest Bank |
| Oct 17, 2003 | North Oakland Community Bank | Community Central Bank |
| Oct 17, 2003 | Pinnacle State Bank | Arthur State Bank |
| Oct 17, 2003 | (unnamed) | Centrue Bank |
| Oct 16, 2003 | UBS (USA) Inc. | UBS Americas Inc. |
| Oct 16, 2003 | York Citizens Federal Credit Union | Tuscaloosa Va Federal Credit Union |
| Oct 15, 2003 | Lincoln National Bancorporation | BancFirst Corporation |
| Oct 14, 2003 | Pleasanton State Bank | Town & Country Bank |
| Oct 11, 2003 | First Virginia Bank - Colonial | Branch Banking and Trust Company of Virginia |
| Oct 11, 2003 | Coast Community Bancshares, Inc. | Community Bancshares of Mississippi, Inc. |
| Oct 11, 2003 | Sequoia Bancshares, Inc. | Ubv Holding Company, LLC |
| Oct 11, 2003 | Southern Exchange Bank | First National Bank of Florida |
| Oct 11, 2003 | First Vantage Bank /Tri-Cities | Branch Banking and Trust Company of Virginia |
| Oct 11, 2003 | Farmers Bank of Maryland | Truist Bank |
| Oct 11, 2003 | First Virginia Bank - Hampton Roads | Branch Banking and Trust Company of Virginia |
| Oct 11, 2003 | Liberty State Bank | First Federal Capital Bank |
| Oct 11, 2003 | First Virginia Bank | Branch Banking and Trust Company of Virginia |
| Oct 11, 2003 | First Virginia Bank - Blue Ridge | Branch Banking and Trust Company of Virginia |
| Oct 11, 2003 | Sequoia Bank | United Bank |
| Oct 11, 2003 | First Virginia Bank-Southwest | Branch Banking and Trust Company of Virginia |
| Oct 11, 2003 | Atlantic Bank | Truist Bank |
| Oct 10, 2003 | Valley Bank of Arizona | Meridian Bank, National Association |
| Oct 9, 2003 | Aviston Financial Corporation | Centrue Financial Corporation |
| Oct 9, 2003 | Floodwood Agency, Inc. | Finlayson Bancshares, Inc. |
| Oct 4, 2003 | Suburban Community Bank | Univest Bank and Trust Co. |
| Oct 4, 2003 | The First National Bank of Grove | The First National Bank and Trust Company of Vinita |
| Oct 3, 2003 | Document Processing & Imaging Corporation | Frandsen Financial Corporation |
| Oct 3, 2003 | MountainBank | Carolina First Bank |
| Oct 3, 2003 | Mountainbank Financial Corporation | The South Financial Group, Inc. |
| Oct 3, 2003 | The Garber Employees Credit Union, Inc. | Ashland Community Federal Credit Union |
| Oct 2, 2003 | First National Bank of Bellaire | Tradition Bank - Bellaire |
| Oct 2, 2003 | Cedar Valley State Bank | Valley Bank |
| Oct 2, 2003 | Eloise Credit Union | Chief Financial Federal Credit Union |
| Oct 1, 2003 | Cambria-Somerset C O G Federal Credit Union | Healthcare First Credit Union |
| Oct 1, 2003 | Bismarck Telco Federal Credit Unin | Railway Credit Union |
| Oct 1, 2003 | Saint Ignatius Parish Credit Union, Inc. | Firefighters Community Cu |
| Oct 1, 2003 | Enfield Federal Credit Union | Enfield Community Federal Credit Union |
| Oct 1, 2003 | Johnson City Federal Employees Credit Union | Greater Experience Credit Union |
| Oct 1, 2003 | Cooperative Federal Credit Union | Consumers Federal Credit Union |
| Oct 1, 2003 | Washco Community Credit Union | First Community Credit Union |
| Oct 1, 2003 | First Bank, bc | Blackhawk Bank |
| Oct 1, 2003 | Basf Employee Federal Credit Union | S.C. State Federal Credit Union |
| Oct 1, 2003 | Blue Ridge Federal Credit Union | Kemba Roanoke Federal Credit Union |
| Oct 1, 2003 | Volunteer Federal Credit Union | New South Credit Union |
| Oct 1, 2003 | Gentelco West Federal Credit Union | Pacific Community Credit Union |
| Oct 1, 2003 | The First National Bank of Coulterville | First State Bank of Campbell Hill |
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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