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 |
|---|---|---|
| Jul 1, 2003 | Columbus Southside Federal Credit Union | Bmi Federal Credit Union |
| Jul 1, 2003 | Are Fcu | Superior Credit Union |
| Jul 1, 2003 | United Florists Federal Credit Union | Metrum Community Credit Union |
| Jul 1, 2003 | T & C Credit Union, Inc. | Canton School Employees Federal Credit Union |
| Jul 1, 2003 | All-Steel Empl Fcu | Choice One Community Federal Credit Union |
| Jul 1, 2003 | Blue Flame Credit Union | Blue Flame Credit Union |
| Jul 1, 2003 | Greensburg Federal Credit Union | U.A.L.U. 354 Federal Credit Union |
| Jul 1, 2003 | TWH Credit Union | Metro Credit Union |
| Jul 1, 2003 | Reynolds Federal Credit Union | Citadel Federal Credit Union |
| Jul 1, 2003 | Mata Federal Credit Union | Orion Federal Credit Union |
| Jul 1, 2003 | US Customs Service Federal Credit Union | Treasury Department Federal Credit Union |
| Jul 1, 2003 | Farmland Industries Credit Union | Communityamerica Federal Credit Union |
| Jul 1, 2003 | Local 453 Maryland Federal Credit Union | Act 1st Federal Credit Union |
| Jul 1, 2003 | Maxim Bank | Amegy Bank National Association |
| Jul 1, 2003 | The Savings Bank and Trust Company | Savings Bank & Trust |
| Jul 1, 2003 | Lancaster First Federal Credit Union | Lan-Fair Federal Credit Union |
| Jul 1, 2003 | Monterey Bay Bank | MUFG Union Bank, National Association |
| Jul 1, 2003 | Marion County Teachers Federal Credit Union | Centuryfirst Federal Credit Union |
| Jul 1, 2003 | West Tex NM Federal Credit Union | Heritage USA Federal Credit Union |
| Jul 1, 2003 | Texas Steel Employee Credit Union | MY Credit Union |
| Jul 1, 2003 | West Essex Bank, FSB | Kearny Bank |
| Jul 1, 2003 | C P Lutheran Cu | Belco Community Credit Union |
| Jul 1, 2003 | Kern's London Federal Credit Union | L&N Federal Credit Union |
| Jul 1, 2003 | The Bank of Yellville | Arvest Bank |
| Jul 1, 2003 | Gateway Credit Union | Frankenmuth Credit Union |
| Jul 1, 2003 | Crown Central Credit Union | Oregonians Credit Union |
| Jul 1, 2003 | Safhoneca Federal Credit Union | GNC Community Federal Credit Union |
| Jul 1, 2003 | Mountain Bancshares, Inc. | Arvest Holdings, Inc. |
| Jul 1, 2003 | Johnson Trust Company | Johnson Bank |
| Jul 1, 2003 | Freedom Trust Company | First Financial Trust N.A. |
| Jul 1, 2003 | First Bank & Trust | GNB Financial, National Association |
| Jul 1, 2003 | Mellon Growth Advisors LLC | Mellon Trust of New England, National Association |
| Jun 30, 2003 | Omal Plant Employees Credit Union, Inc. | Ohio Valley Community Federal Credit Union |
| Jun 30, 2003 | Comerica Bank - Texas | Comerica Bank |
| Jun 30, 2003 | Comerica Bank-California | Comerica Bank |
| Jun 30, 2003 | Riverview Community Employees Credit Union | Shore to Shore Community Federal Credit Union |
| Jun 30, 2003 | Millbrook Federal Credit Union | Telcoe Federal Credit Union |
| Jun 28, 2003 | The Farmers and Merchants State Bank | American State Bank & Trust Company |
| Jun 28, 2003 | American State Bancshares, Inc. | American State Bancshares, Inc. |
| Jun 28, 2003 | Progressive Bank, N.A. - Buckhannon | Progressive Bank, N.A. |
| Jun 28, 2003 | The United Banking Company | Farmers & Merchants Bank |
| Jun 25, 2003 | Mill Creek Bank | Synchrony Bank |
| Jun 23, 2003 | Industrial Credit Union | Generations Community Credit Union |
| Jun 23, 2003 | First Colony Bank | Main Street Bank |
| Jun 20, 2003 | First Federal Savings Bank of Ironton | Classic Bank |
| Jun 20, 2003 | Security Federal Bank & Trust | Standard Bank and Trust Company |
| Jun 20, 2003 | Uptown National Bank of Chicago | Bridgeview Bank Group |
| Jun 19, 2003 | Laguna Bancshares, Inc. | K&T Financial Corporation |
| Jun 19, 2003 | Laguna Bancshares of Delaware, Inc. | K&T Financial Corporation |
| Jun 16, 2003 | Citizens Bank and Trust Company | MidWestOne 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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