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 |
|---|---|---|
| Oct 1, 2003 | BBC Federal Credit Union | Allegacy Federal Credit Union |
| Oct 1, 2003 | Chicago First Credit Union | Credit Union 1 |
| Oct 1, 2003 | Warwick Postal Employees Federal Credit Union | Postal Government Employees Federal Credit Union |
| Oct 1, 2003 | Mid-County Family Credit Union | County Credit Union |
| Oct 1, 2003 | Midamerican Bancshares, Inc. | Midamerican Bancshares, Inc. |
| Oct 1, 2003 | Quick Bancorp, Inc. | American National Corporation |
| Oct 1, 2003 | Dunc Corp. | Blackhawk Bancorp, Inc. |
| Oct 1, 2003 | CFC Data Corp | TCF Financial Corporation |
| Oct 1, 2003 | Rea Federal Credit Union | Fire Police City County Federal Credit Union |
| Oct 1, 2003 | The Minute Maid Company Federal Credit Union | Coca-Cola Federal Credit Union |
| Oct 1, 2003 | Virginia Hospital Employees Federal Credit Union | Connects Federal Credit Union |
| Oct 1, 2003 | W.F.B. Employees Credit Union | Summit Credit Union |
| Oct 1, 2003 | County of Erie Pennsylvania Federal Credit Union | Erie Federal Credit Union |
| Oct 1, 2003 | G T C Lafayette Federal Credit Union | Purdue Federal Credit Union |
| Oct 1, 2003 | Englewood Credit Union | U.S. Employees Credit Union |
| Sep 30, 2003 | Village Savings Bank, F.S.B. | Main Street Bank Corp. |
| Sep 30, 2003 | CSB Preferred Capital Corp | Legacy Banks |
| Sep 30, 2003 | Eau Claire Financial Services, Inc. | Alliance Financial Services, Inc. |
| Sep 30, 2003 | Citizens Utilities Federal Credit Union | Sunwest Federal Credit Union |
| Sep 30, 2003 | Commercial News Credit Union | Tee-Pak Credit Union |
| Sep 30, 2003 | Copley Los Angeles Federal Credit Union | Calcom Federal Credit Union |
| Sep 30, 2003 | Utah Oil Workers Credit Union | Utah First Federal Credit Union |
| Sep 29, 2003 | FCB Acquisition, LLC | First Charter Bank |
| Sep 29, 2003 | FSB Agency, Inc. | FSB Bank |
| Sep 27, 2003 | (unnamed) | Mercantile County Bank |
| Sep 27, 2003 | Madison Bank and Trust | Anstaff Bank |
| Sep 26, 2003 | MidSouth Bank | Liberty Bank of Arkansas |
| Sep 26, 2003 | Carolina State Bank | Arthur State Bank |
| Sep 26, 2003 | Cumberland National Bank | The Heritage Bank |
| Sep 26, 2003 | First Virginia Insurance Services, Inc. | Truist Bank |
| Sep 26, 2003 | Northwest Teachers Vea Credit Union | 802 Credit Union |
| Sep 24, 2003 | FSGBank, National Association | Fsgbank, N.A. |
| Sep 24, 2003 | FSGBANK, National Association | Fsgbank, N.A. |
| Sep 22, 2003 | Newton South Co-operative Bank | The Village Bank |
| Sep 20, 2003 | Kaweah National Bank | Citizens Business Bank, N.A. |
| Sep 18, 2003 | Tuffy Credit Union | United Consumers Credit Union |
| Sep 15, 2003 | Mellon Bank Delaware, National Association | BNY Mellon, N.A. |
| Sep 12, 2003 | Panasia Bank, National Association | Woori America Bank |
| Sep 12, 2003 | Associated Card Services Bank, N.A. | Associated Bank, N.A. |
| Sep 11, 2003 | Captree Federal Credit Union | Warden Captree Federal Credit Union |
| Sep 10, 2003 | Chesnee State Bancshares, Inc. | Arthur Financial Corporation |
| Sep 10, 2003 | Woodruff State Bancshares, Inc. | Arthur Financial Corporation |
| Sep 10, 2003 | Arthur State Bancshares, Inc. | Arthur Financial Corporation |
| Sep 8, 2003 | Stratton Agency, Inc. | MNB Financial Group, Inc. |
| Sep 8, 2003 | Commercial Bank | MNB Bank |
| Sep 6, 2003 | Peoples Bankcorp, Inc. | Community Financial System, Inc. |
| Sep 6, 2003 | Ogdensburg Federal Savings and Loan Association | Community Bank, N.A. |
| Sep 4, 2003 | Texas Bancshares Subsidiary Corporation | Ibid, Inc. |
| Sep 4, 2003 | Fidelity Bancorporation, Inc. | Ibid, Inc. |
| Sep 3, 2003 | Fayetteville Bancshares, Inc. | Industry Bancshares, 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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