List of bank mergers

   

This is a list of some of the major banking company mergers since 1950 in the U.S.


Date Acquirer Acquired bank Name of merged entity
1954 Chemical Bank & Trust Co. Corn Exchange Bank & Trust Co. Chemical Bank & Trust Co.
1955 National City Bank of New York First National Bank of New York First National City Bank
1955 Bank of the Manhattan Co. Chase National Bank Chase Manhattan Bank
1955 Bankers Trust Co. Public National Bank & Trust Co. Bankers Trust Co.
1961 Manufacturers Trust Co. Hanover Bank Manufacturers Hanover Bank
1983 BankAmerica Corp. Seafirst Corp. (Seattle-First National Bank) BankAmerica Corp. (Seafirst banks operated as Seafirst until after 1995)
1984 Chase Manhattan Corp. Lincoln First Bank Chase Manhattan Corp. (former Lincoln First Bank operated at Chase Lincoln First)
1985 Bank of Boston Corp. Colonial Bank Bank of Boston Corp.
1985 Bank of Boston Corp. Rhode Island Hospital Trust National Bank Bank of Boston Corp.
1985 Bank of New England Corp. The Connecticut Bank and Trust Co. Bank of New England Corp.
1986 Sovran Financial Corp. Suburban Bank Sovran Financial Corp.
1986 Security Pacific Corp. The Arizona Bank Security Pacific Corp.
1986 Wells Fargo Corp. Crocker National Bank Wells Fargo Corp. (combined California bank uses Crocker's charter)
1987 Chemical New York Corp. Texas Commerce Bank Chemical New York Corp. (TX banks continued to operate as Texas Commerce)
1987 RepublicBank Corp. Interfirst Corp. First Republic Bank Corp.
1987 Security Pacific Corp. Rainier National Bank Security Pacific Corp. (banks in Pacific NW continued to operate as Rainier)
1987 Sovran Financial Corp. Commerce Union Bank Sovran Financial Corp.
1987 U.S. Bancorp Peoples National Bank of Washington U.S. Bancorp
1987 Fleet Financial Group, Inc. Norstar Bank Fleet/Norstar Financial Group, Inc.
1987 First Union Corp. Atlantic National Bank of Florida First Union
1988 Bank of New York Irving Bank Corp. Bank of New York
1988 Shawmut Corp. Connecticut National Bank Shawmut Corp.
1988 Shawmut Corp. Arlington Trust Co. Shawmut Corp.
1988 First Bank System, Inc. Central Bank of Denver First Bank System, Inc. (Colo. banks never became First Bank due to name conflict)
1988 Wells Fargo Corp. Barclay's Bank of California Wells Fargo Corp.
1988 Security Pacific Corp. The Hibernia Bank Security Pacific Corp.
1990 CoreStates Financial Corp. First Pennsylvania Bank CoreStates Financial Corp.
1990 First Union Corp. Florida National Bank First Union Corp.
1990 Citizens & Southern Sovran Corp. Avantar Financial Corp.
1991 Fleet/Norstar Financial Group, Inc. Bank of New England Fleet/Norstar Financial Group, Inc.
1991 Chemical Banking Corp. Manufacturers Hanover Bank Chemical Banking Corp.
1991 NCNB Corp. C&S/Sovran Corp. NationsBank Corp.
1991 Norwest Corp. United Bank of Denver Norwest Corp.
1991 Wachovia Corp. The South Carolina National Bank Wachovia Corp.
1991 Society Corp. Ameritrust Corp. Society Corp.
1992 BankAmerica Corp. Security Pacific BankAmerica Corp.
1992 Keycorp Puget Sound National Bank Keycorp
1992 Barnett Banks, Inc. First Florida Bank Barnett Banks, Inc.
1992 Comerica, Inc. Manufacturers Bank Comerica
1993 First Bank System, Inc. Colorado National Bank First Bank System, Inc. (CNB remained unchanged until after merger with U.S. Bancorp)
1993 Banc One Corp. The Valley National Bank of Arizona Banc One Corp.
1993 Bank of Boston Corp. South Shore Bank Bank of Boston Corp.
1993 First Union Corp. Dominion Bank First Union Corp.
1993 First Union Corp. First American Bankcorp First Union Corp.
1993 NationsBank Corp. Maryland National Bank NationsBank Corp.
1993 NationsBank Corp. American Security Bank NationsBank Corp.
1994 Keycorp Society Corp. Keycorp
1994 BankAmerica Corp. Continental Illinois National Bank BankAmerica Corp.
1995 Chemical Banking Corp. Chase Manhattan Corp. Chase Manhattan Corp.
1995 First Chicago Corp. NBD Bancorp, Inc. First Chicago NBD Corp.
1995 Southern National Corp. BB&T Financial Corp. BB&T Corp.
1995 Fleet Financial Group, Inc. Shawmut National Corporation Fleet Financial Group, Inc.
1996 Wells Fargo Corp. First Interstate Bancorp Wells Fargo Corp.
1996 CoreStates Financial Corp. Meridian Bancorp, Inc. CoreStates Financial Corp.
1996 BankBoston Corp. BayBanks, Inc. BankBoston Corp.
1996 First Union Corp. First Fidelity Bancorporation First Union Corp.
1996 Fleet Financial Group, Inc. National Westminster Bancorp Fleet Financial Group, Inc.
1997 First Bank System, Inc. U.S. Bancorp U.S. Bancorp
1997 NationsBank Corp. Boatmen's Bancshares, Inc. NationsBank Corp.
1997 Washington Mutual, Inc. Great Western Financial Corporation Washington Mutual, Inc.
1997 First Union Corp. Signet Banking Corp. First Union Corp.
1998 NationsBank Corp. Barnett Banks, Inc. NationsBank Corp.
1998 First Union Corp. CoreStates Financial Corp. First Union Corp.
1998 NationsBank Corp. BankAmerica Corp. Bank of America Corp.
1998 Golden State Bancorp, Inc. First Nationwide Holdings, Inc. Golden State Bancorp, Inc.
1998 Norwest Corp. Wells Fargo & Co. Wells Fargo & Co.
1998 Star Banc Corp. Firstar Holdings Corp. Firstar Corp.
1998 Bank One Corp. First Chicago NBD Corp. Bank One Corp.
1998 SunTrust Banks, Inc. Crestar Financial Corp. SunTrust Banks, Inc.
1998 Washington Mutual, Inc. H.F. Ahmanson & Co. Washington Mutual, Inc.
1999 Fleet Financial Corp. BankBoston Corp. FleetBoston Financial Corp.
1999 Deutsche Bank AG Bankers Trust Corp. Deutsche Bank AG
1999 HSBC Holdings, plc Republic New York Corporation HSBC Holdings, plc
1999 Firstar Corp. Mercantile Bancorporation, Inc. Firstar Corp.
2000 Chase Manhattan Corp. J.P. Morgan & Co. Inc. J.P. Morgan Chase Inc.
2000 Wells Fargo & Co. First Security Corp. Wells Fargo & Co.
2001 Firstar Corp. U.S. Bancorp U.S. Bancorp
2001 First Union Corp. Wachovia Corp. Wachovia Corp.
2001 Fifth Third Bancorp Old Kent Financial Corp. Fifth Third Bancorp
2001 FleetBoston Financial Corp. Summit Bancorp FleetBoston Financial Corp.
2002 Citigroup Inc. Golden State Bancorp, Inc. Citigroup Inc.
2002 Washington Mutual, Inc. Dime Bancorp, Inc. Washington Mutual, Inc.
2003 BB&T Corp. First Virginia Banks, Inc. BB&T Corp.
2003 Den norske Bank ASA Gjensidige NOR Sparebank ASA DnB NOR Bank ASA
2004 Bank of America Corp. FleetBoston Financial Corp. Bank of America Corp.
2004 J.P. Morgan Chase & Co. Bank One JPMorgan Chase & Co.


References

  • Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980-1994," Washington: Board of Governors of the Federal Reserve System, January 1996. (Staff study 169 (http://www.federalreserve.gov/pubs/staffstudies/1990-99/ss169.pdf))
  • Steven J. Pilloff, "Bank Merger Activity in the United States, 1994-2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176 (http://www.federalreserve.gov/pubs/staffstudies/2000-present/ss176.pdf))


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