Mergers by Year
Bank Mergers in 2006
The Federal Reserve's National Information Center (NIC) recorded 862 merger records involving a bank, credit union or bank holding company in 2006. 347 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 811 in 2005.
347
Banks acquired
NIC, banks as the acquired side
0
Credit unions merged
NIC, credit unions as the acquired side
162
Holding companies
Bank holding companies merged
Largest bank mergers of 2006
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 2006 | First National Bank of Goliad | — | American Bank, National Association |
| Dec 30, 2006 | Patriot Bank, National Association | — | Carter Bank & Trust |
| Dec 30, 2006 | The First National Bank of Chelsea | — | Lakeside State Bank |
| Dec 30, 2006 | Peoples National Bank | — | Carter Bank & Trust |
| Dec 30, 2006 | Patrick Henry National Bank | — | Carter Bank & Trust |
| Dec 30, 2006 | The Summit National Bank | — | United Commercial Bank |
| Dec 30, 2006 | Central National Bank | — | Carter Bank & Trust |
| Dec 30, 2006 | First Arkansas Valley Bank | — | Liberty Bank of Arkansas |
| Dec 30, 2006 | Community National Bank | — | Carter Bank & Trust |
| Dec 30, 2006 | Unity Bank, National Association | — | Unity Bank |
| Dec 30, 2006 | First National Bank | — | Carter Bank & Trust |
| Dec 30, 2006 | Unity Bank Central | — | Unity Bank |
| Dec 30, 2006 | Mountain National Bank | — | Carter Bank & Trust |
| Dec 30, 2006 | Blue Ridge Bank, National Association | — | Carter Bank & Trust |
| Dec 30, 2006 | Shenandoah National Bank | — | Carter Bank & Trust |
Every merger recorded in 2006
862 NIC merger records in 2006 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Jul 21, 2006 | SterlingSouth Bank & Trust Company | Bank of North Carolina |
| Jul 21, 2006 | (unnamed) | Commerce Bank |
| Jul 19, 2006 | First of Homestead, Inc. | Hometown of Homestead Banking Company |
| Jul 18, 2006 | James Monroe Bank | Mercantile-Safe Deposit and Trust Company |
| Jul 18, 2006 | James Monroe Bancorp, Inc. | Mercantile Bankshares Corporation |
| Jul 15, 2006 | Golden State Bank | Brown County State Bank |
| Jul 15, 2006 | Sound Federal Savings | Hudson City Savings Bank |
| Jul 14, 2006 | Progressive State Bank | New Century Bank South |
| Jul 11, 2006 | Clover Leaf Bank | First Clover Leaf Bank, National Association |
| Jul 10, 2006 | West Carrollton Parchment Employees Credit Union, Inc. | River Valley Credit Union, Inc. |
| Jul 8, 2006 | Metrobank, National Association | Triumph Community Bank, National Association |
| Jul 8, 2006 | Peoples Bank | Kentucky Bank |
| Jul 8, 2006 | Peoples Bancorp of Sandy Hook, Inc. | Kentucky Bancshares, Inc. |
| Jul 7, 2006 | Metrocorp Capital Trust I | Metrobank, National Association |
| Jul 7, 2006 | Metrocorp, Inc. | Metrobank, National Association |
| Jul 5, 2006 | Lynnwood Financial Group, Inc. | Sterling Financial Corporation |
| Jul 5, 2006 | Northstar Bancshares, Inc. | Enterprise Financial Services Corp |
| Jul 4, 2006 | The Bancshares, Inc. | Cbin Subsidiary, Inc. |
| Jul 3, 2006 | Valley Employees Credit Union | Tva Community Credit Union |
| Jul 2, 2006 | Hudmo Valley Federal Credit Union | Capital Communications Federal Credit Union |
| Jul 1, 2006 | Kenesco Credit Union, Inc. | Members Choice Credit Union |
| Jul 1, 2006 | The State Bank | The State Bank |
| Jul 1, 2006 | Sdi Federal Credit Union | Members Credit Union |
| Jul 1, 2006 | Milestone Federal Credit Union | Hanscom Federal Credit Union |
| Jul 1, 2006 | Nebraska Citadel Federal Credit Union | Centris Federal Credit Union |
| Jul 1, 2006 | Moore Federal Credit Union | Alliant Credit Union |
| Jul 1, 2006 | Compass Credit Union | Bellwether Community Credit Union |
| Jul 1, 2006 | Atlantic Liberty Savings, F.A. | Flushing Bank |
| Jul 1, 2006 | Missouri Student Federal Credit Union | West Community Credit Union |
| Jul 1, 2006 | Des Moines Mercy Credit Union | Community Choice Credit Union |
| Jul 1, 2006 | Madison County Georgia Federal Credit Union | Georgia United Credit Union |
| Jul 1, 2006 | Member 1 Credit Union, Incorporated | Superior Credit Union Inc |
| Jul 1, 2006 | Liberty Federal Credit Union | Spero Financial Federal Credit Union |
| Jul 1, 2006 | Genesee First Federal Credit Union | Sagelink Credit Union |
| Jul 1, 2006 | Regional Community Federal Credit Union | Midflorida Credit Union |
| Jul 1, 2006 | The State Bank | Union State Bank |
| Jul 1, 2006 | Well-Tel Federal Credit Union | Emery Federal Credit Union |
| Jul 1, 2006 | Burry Employees Federal Credit Union | Elizabeth, NJ Firemen's Federal Credit Union |
| Jul 1, 2006 | Core One Credit Union | Kemba Financial Credit Union, Inc. |
| Jul 1, 2006 | Midwest Federal Credit Union | McHenry County Federal Credit Union |
| Jul 1, 2006 | Missouri State Bank and Trust Company | Southwest Bank, An M&I Bank |
| Jul 1, 2006 | Hapeville Auto Employees Credit Union | Georgia's Own Credit Union |
| Jul 1, 2006 | West One Federal Credit Union | Keypoint Credit Union |
| Jul 1, 2006 | Scesc Federal Credit Union | Palmetto Citizens Federal Credit Union |
| Jul 1, 2006 | Advantage Credit Union | Marine Credit Union |
| Jul 1, 2006 | Nepco Federal Credit Union | Minnequa Works Credit Union |
| Jul 1, 2006 | Assumption Parish Cleveland Credit Union | Unity Catholic Federal Credit Union |
| Jul 1, 2006 | Cape Fear Credit Union | Self-Help Credit Union |
| Jul 1, 2006 | West Toledo Federal Credit Union | Glass City Federal Credit Union |
| Jul 1, 2006 | Flinchbaugh Credit Union | White Rose 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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