List of bank mergers in United States
From Wikipedia, the free encyclopedia
This is a list of some of the major banking company mergers since 1930 in the U.S.
[edit] References
- ^ SunTrust to buy National Commerce Financial. Atlanta Business Chronicle (9 May 2004).
- ^ Wachovia (12 September 2005). WACHOVIA CORPORATION TO ACQUIRE WESTCORP AND WFS FINANCIAL INC IN $3.91 BILLION TRANSACTION. Press release.
- Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980-1994," Washington: Board of Governors of the Federal Reserve System, January 1996. (Staff study 169)
- 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)
- Institute of Mergers, Acquisitions and Alliances (MANDA) M&A An academic research institute on mergers & acquisitions, including bank mergers
| Date | Acquirer | Acquired bank | Name of merged entity | Price tag |
|---|---|---|---|---|
| 1930 | Chase National Bank | Equitable Trust | Chase National Bank | |
| 1954 | Chemical Bank & Trust Co. | Corn Exchange Bank & Trust Co. | Chemical Corn exchange 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 1998) | |
| 1984 | Chase Manhattan Corp. | Lincoln First Bank | Chase Manhattan Corp. (most of former Lincoln First Bank operated as 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 Banking Corporation (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. | Hartford National Corp. | Shawmut National Corp. | |
| 1988 | Shawmut Corp. | Arlington Trust Co. | Shawmut National 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. | |
| 1988 | Credit Suisse | The First Boston Corporation | CS First Boston (later Credit Suisse First Boston) | |
| 1989 | Security Pacific Corp. | Nevada National Bancorporation | 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. | C&S/Sovran 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 | Society Corp. | Keycorp | 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 | Bank of Boston Corp. | BayBanks, Inc. | BankBoston Corp. | |
| 1996 | First Union Corp. | First Fidelity Bancorporation | First Union Corp. | |
| 1996 | First Union Corp. | Center Financial Corporation(CenterBank) | 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 | Banc One Corp. | First Chicago NBD Corp. | Bank One Corp. | |
| 1998 | Travelers Group | Citicorp | Citigroup | |
| 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 Bank USA | |
| 1999 | Firstar Corp. | Mercantile Bancorporation, Inc. | Firstar Corp. | |
| 1999 | AmSouth Bancorporation | First American National Bank | AmSouth Bancorporation | $6.3 Billion |
| 2000 | Chase Manhattan Corp. | J.P. Morgan & Co. Inc. | J.P. Morgan Chase & Co. | |
| 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 | Dime Bancorp, Inc. | Washington Mutual | |
| 2003 | BB&T Corp. | First Virginia Banks, Inc. | BB&T Corp. | |
| 2003 | M&T Bank | Allfirst Bank | M&T Bank | |
| 2004 | New Haven Savings Bank | Savings Bank of Manchester, Tolland Bank | NewAlliance Bank | |
| 2004 | Bank of America Corp. | FleetBoston Financial Corp. | Bank of America Corp. | $47 billion |
| 2004 | J.P. Morgan Chase & Co. | Bank One | JPMorgan Chase & Co. | |
| 2004 | Banco Popular | Quaker City Bank | Banco Popular | |
| 2004 | Regions Financial Corporation | Union Planters Corporation | Regions Financial Corporation | $5.9 Billion |
| 2004 | SunTrust | National Commerce Financial | SunTrust | $6.98 Billion[1] |
| 2004 | Wachovia | SouthTrust | Wachovia | $14.3 Billion |
| 2005 | Capital One Financial Corporation | Hibernia National Bank | Capital One Financial Corporation | |
| 2005 | Bank of America | MBNA Corporation | Bank of America Card Services | $35 Billion |
| 2006 | Wachovia | Westcorp Inc. | Wachovia | $3.91 Billion[2] |
| 2006 | NewAlliance Bank | Cornerstone Bank | NewAlliance Bank | |
| 2006 | Capital One Financial Corporation | North Fork Bank | Capital One Financial Corporation | |
| 2006 | Wachovia | Golden West Financial | Wachovia | $25 Billion |
| 2006 | Regions Financial Corporation | AmSouth Bancorporation | Regions Financial Corporation | $10 Billion |
| 2007 | Citizens Banking Corporation | Republic Bancorp | Citizens Republic Bancorp | $1.048 Billion |
| 2007 | Banco Bilbao Vizcaya Argentaria | Compass Bancshares | Banco Bilbao Vizcaya Argentaria |
