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 |
|---|---|---|
| Aug 8, 2003 | Bank One, West Virginia, National Association | Bank One, National Association |
| Aug 8, 2003 | Farmers Savings Bank | Kerndt Brothers Savings Bank |
| Aug 8, 2003 | Bank One, Wheeling-Steubenville, National Association | Bank One, National Association |
| Aug 6, 2003 | Transims Federal Credit Union | Sunmark Credit Union |
| Aug 2, 2003 | Federation Credit Union | Eagle One Federal Credit Union |
| Aug 1, 2003 | Sun Country Credit Union | First Financial Credit Union |
| Aug 1, 2003 | Premier Bancorp, Inc | Fulton Financial Corporation |
| Aug 1, 2003 | Valley Bancorp, Inc. | Marquette Financial Companies |
| Aug 1, 2003 | Ut Student Federal Credit Union | University of Toledo Federal Credit Union |
| Aug 1, 2003 | Marion County Credit Union | Gte Federal Credit Union dba Gte Financial |
| Aug 1, 2003 | Greater Grace Temple Federal Credit Union | Michigan First Credit Union |
| Aug 1, 2003 | Utah Copper Employees Credit Union | Mountain America Federal Credit Union |
| Aug 1, 2003 | Meadow Brook Employees Federal Credit Union | Erie Times Employees Federal Credit Union |
| Aug 1, 2003 | U.S. Trust Company of North Carolina | U.S. Trust Company, National Association |
| Aug 1, 2003 | LC Federal Credit Union | Scranton Downtown Federal Credit Union |
| Aug 1, 2003 | CambridgePort Bank | Citizens Bank of Massachusetts |
| Aug 1, 2003 | Pacesetter Credit Union | United Consumers Credit Union |
| Aug 1, 2003 | Aiea Federal Credit Union | Hawaiian Financial Federal Credit Union |
| Jul 31, 2003 | Martin County Fidelity Bancshares Company | Profinium Financial Holdings, Inc. |
| Jul 31, 2003 | Latvian Credit Union | Tremont Credit Union |
| Jul 31, 2003 | Ukrainian Credit Union | Educators Credit Union |
| Jul 31, 2003 | Plan Credit Union | Tremont Credit Union |
| Jul 30, 2003 | First Security Corporation | Servus Financial Corporation |
| Jul 25, 2003 | Kenwood Savings Bank | Peoples Community Bank |
| Jul 25, 2003 | First Commerce Bank | Bank of Granite |
| Jul 25, 2003 | First American Bank | Liberty Bank and Trust Company |
| Jul 22, 2003 | Fidelity Federal Savings Bank | Midamerica Bank, FSB |
| Jul 19, 2003 | Hawkeye State Bank | West Bank |
| Jul 19, 2003 | Today's Bank | Riverview Bank |
| Jul 18, 2003 | First Choice Community Federal Credit Union | Bellco Credit Union |
| Jul 16, 2003 | First Commerce Corporation | Bank of Granite Corporation |
| Jul 16, 2003 | Pend Oreille Bancorp | Glacier Bancorp, Inc. |
| Jul 16, 2003 | Fall River Herald News Employees Federal Credit Union | Fall River Municipal Credit Union |
| Jul 16, 2003 | Pend Oreille Bank | Mountain West Bank |
| Jul 15, 2003 | Central National Investment, Inc. | Central National Bank |
| Jul 14, 2003 | First State Bank of Emmons | Security Bank Minnesota |
| Jul 12, 2003 | First Continental Bank | United Commercial Bank |
| Jul 12, 2003 | Central Sierra Bank | Central California Bank |
| Jul 12, 2003 | South Carolina Bank and Trust of the Pee Dee, National Association | South State Bank |
| Jul 12, 2003 | Farmers State Bank of Silver Creek | Bank of Clarks |
| Jul 11, 2003 | Advance Bank | Charter One Bank, National Association |
| Jul 11, 2003 | White Plains Teachers Federal Credit Union | Educational and Governmental Employees Federal Credit Union |
| Jul 11, 2003 | State Bank of Kingsville | Bank of South Texas |
| Jul 9, 2003 | MSB Shares, Inc. | Liberty Bancshares, Inc |
| Jul 4, 2003 | Southland Business Bank | Vineyard Bank, N.A. |
| Jul 4, 2003 | Allfirst Financial Center National Association | Manufacturers and Traders Trust Company |
| Jul 2, 2003 | First Virginia Banks, Inc. | Truist Financial Corporation |
| Jul 2, 2003 | Va New England Federal Credit Union | Hanscom Federal Credit Union |
| Jul 1, 2003 | Daily Times Employees Fcu | Sun East Federal Credit Union |
| Jul 1, 2003 | Barnard & Burk Federal Credit Union | Breco Federal 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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