Mergers by Year
Bank Mergers in 1978
165 banks were acquired or merged into another institution in 1978, according to the Federal Reserve's National Information Center (NIC). NIC recorded 189 merger records in 1978 against 168 in 1977.
165
Banks acquired
NIC, banks as the acquired side
0
Credit unions merged
NIC, credit unions as the acquired side
2
Holding companies
Bank holding companies merged
Largest bank mergers of 1978
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1978 | Bank of West Jersey | — | Burlington County Trust Company |
| Dec 31, 1978 | First American Bank of Lake Worth, National Association | — | First American Bank and Trust |
| Dec 31, 1978 | Farmers' Bank of Kutztown | — | CoreStates Hamilton Bank |
| Dec 31, 1978 | The National Bank of Arendtsville | — | ACNB Bank |
| Dec 30, 1978 | The National Union Bank of Monticello | — | Key Bank of Southeastern New York National Association |
| Dec 30, 1978 | Colonial Bank of Hartford | — | Bank of Boston Connecticut |
| Dec 30, 1978 | First National Bank in Sidney | — | NBT Bank, N.A. |
| Dec 30, 1978 | Colonial Bank of Plainville | — | Bank of Boston Connecticut |
| Dec 30, 1978 | Fidelity American Bank Na, Halifax | — | Central Fidelity Bank, National Association, Lynchburg |
| Dec 30, 1978 | Colonial Bank of New Haven | — | Bank of Boston Connecticut |
| Dec 30, 1978 | Fidelity American Bank Na, Roanoke Valley | — | Central Fidelity Bank, National Association, Lynchburg |
| Dec 30, 1978 | First Virginia Bank-Manassas National | — | First Virginia Bank |
| Dec 29, 1978 | Bank of Virginia - Potomac | — | Signet Bank |
| Dec 29, 1978 | Bank of Virginia-Shenandoah | — | Signet Bank |
| Dec 29, 1978 | Bank of Virginia-Loudoun | — | Signet Bank |
Every merger recorded in 1978
189 NIC merger records in 1978 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Oct 9, 1978 | Southeast Bank of Melbourne | Southeast Bank of Brevard |
| Oct 9, 1978 | Southeast Bank of Pinellas Park | Southeast Bank of Pinellas |
| Oct 2, 1978 | Combank/Longwood | Combank/seminole County |
| Oct 1, 1978 | Financial Service & Supply Co | Wachovia Bank, N.A. |
| Oct 1, 1978 | Fidelity American Bank, Hampton Roads | Central Fidelity National Bank |
| Oct 1, 1978 | Fidelity American Bank Na, Tidewater | Central Fidelity National Bank |
| Oct 1, 1978 | Chemical Bank - Eastern, National Association | JPMorgan Chase Bank, N.A. |
| Oct 1, 1978 | Fidelity American Bank, Williamsburg | Central Fidelity National Bank |
| Oct 1, 1978 | Chemical Bank of Syracuse | JPMorgan Chase Bank, N.A. |
| Oct 1, 1978 | Chemical Bank of Rochester | JPMorgan Chase Bank, N.A. |
| Oct 1, 1978 | Free State Bank and Trust Company | NationsBank, National Association |
| Oct 1, 1978 | Chemical Bank of Binghamton | JPMorgan Chase Bank, N.A. |
| Oct 1, 1978 | Chemical Bank-Buffalo | JPMorgan Chase Bank, N.A. |
| Sep 30, 1978 | First & Merchants National Bank of the Peninsula | First & Merchants National Bank |
| Sep 30, 1978 | Atlantic Bank of West Jacksonville | Atlantic Bank of Jacksonville |
| Sep 30, 1978 | Atlantic Bank of South Jacksonville | Atlantic Bank of Jacksonville |
| Sep 30, 1978 | Atlantic Bank of Normandy | Atlantic Bank of Jacksonville |
| Sep 30, 1978 | Atlantic Bank of Lake Forest | Atlantic Bank of Jacksonville |
| Sep 30, 1978 | First & Merchants National Bank of Tidewater | First & Merchants National Bank |
| Sep 30, 1978 | First & Merchants National Bank of Prince William | First & Merchants National Bank |
| Sep 30, 1978 | Atlantic University Bank | Atlantic Bank of Jacksonville |
| Sep 30, 1978 | The First National Bank of Hawley | Merchants Bank (North) |
| Sep 30, 1978 | The Cross Plains State Bank | People's Trust Company |
| Sep 29, 1978 | Brockway Citizens Bank | UniBank |
| Sep 29, 1978 | Kamas State Bank | The Citizens Bank |
| Sep 25, 1978 | The Connecticut Bank and Trust Company, N. A. | The Connecticut Bank and Trust Company, N.A. |
| Sep 13, 1978 | Urbana P&E Credit Union | Urbana Municipal Employees Credit Union |
| Sep 5, 1978 | Abbottstown State Bank | Farmers Bank and Trust Company of Hanover |
| Sep 1, 1978 | Virginia National Bank/Richmond | NationsBank, National Association |
| Sep 1, 1978 | First American National Bank of Hernando County | Suntrust Bank, Nature Coast |
| Sep 1, 1978 | The First National Bank of New Paris | Eaton National Bank & Trust Co. |
| Sep 1, 1978 | (unnamed) | NationsBank, National Association |
| Sep 1, 1978 | Virginia National Bank/Lynchburg | NationsBank, National Association |
| Jul 31, 1978 | Commercial Security Bank of Logan | KeyBank National Association |
| Jul 29, 1978 | Swedesboro Trust Company | Guarantee Bank |
| Jul 15, 1978 | The Rices Landing National Bank | Integra Bank/South |
| Jul 3, 1978 | The Harpster Bank | The Commercial Savings Bank |
| Jul 1, 1978 | Flagship U. S. Bank of Seminole | Flagship Bank of Seminole |
| Jul 1, 1978 | Century National Bank of Coral Ridge | Century National Bank of Broward |
| Jun 30, 1978 | Flagship Bank of West Melbourne, National Association | Flagship Bank of Melbourne, National Association |
| Jun 30, 1978 | The Bank of Chesterfield | Southern Bank |
| Jun 30, 1978 | The Pittsfield National Bank | Citizens Bank New Hampshire |
| Jun 30, 1978 | The Helper State Bank | KeyBank National Association |
| Jun 16, 1978 | Yamhill County Bank | Lincoln Bank |
| Jun 15, 1978 | First Grand Island Company | Norwest Bank Grand Island, National Association |
| Jun 1, 1978 | Citizens Bank of Hattiesburg | Trustmark Bank |
| Jun 1, 1978 | First Insurance Agency | First National Bank of DeSoto County |
| Jun 1, 1978 | York Haven State Bank | The Drovers & Mechanics Bank |
| Jun 1, 1978 | Danville Quaker Oats Employees Credit Union | First Illinois Credit Union |
| Jun 1, 1978 | American Guaranty Bank | Metropolitan Bank and Trust Company |
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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