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 |
|---|---|---|
| May 31, 1978 | The 1635 Tremont Corporation | Bank One, Colorado, National Association |
| May 31, 1978 | Atlas Leasing Co., Inc. | Standard Financial Corporation |
| May 20, 1978 | The Hamilton Bank, National Association | The Bank of Mid-Jersey |
| May 16, 1978 | SFC Financial Corporation (Texas) | Standard Financial Corporation |
| May 15, 1978 | American Bank | Floyd County Bank |
| May 6, 1978 | The First National Bank of Orange County | Wells Fargo Bank, N.A. |
| May 5, 1978 | Trotwood Bank | The Central Trust Company of Montgomery County, National Association |
| May 1, 1978 | Landmark Bank of Melbourne, N.A. | Citizens and Southern Bank of Brevard |
| May 1, 1978 | Flagship State Bank of North Jacksonville | Flagship Bank of Jacksonville |
| May 1, 1978 | Flagship State Bank of South Jacksonville | Flagship Bank of Jacksonville |
| May 1, 1978 | Flagship State Bank of Arlington | Flagship Bank of Jacksonville |
| May 1, 1978 | Barnett Bank of East Polk County, N.A. | Barnett Bank of East Polk County |
| May 1, 1978 | Atlantic Westside Bank of Palm Beach County | Atlantic National Bank of Palm Beach County |
| May 1, 1978 | The Middle Point Banking Company | United National Bank |
| May 1, 1978 | Barnett Bank of Collier County | Barnett Bank of Naples |
| Apr 30, 1978 | (unnamed) | United Bank |
| Apr 30, 1978 | Flagship First National Bank of Coral Gables | Suntrust Bank, Miami, National Association |
| Apr 30, 1978 | Flagship National Bank of Miami | Suntrust Bank, Miami, National Association |
| Apr 29, 1978 | The Bank of Arlington | Central Fidelity Bank, Northern Virginia |
| Apr 17, 1978 | The First National Bank in Bedford | Promistar Bank |
| Apr 1, 1978 | Roanoke State Bank | First National Bank of Huntington |
| Apr 1, 1978 | Alexandria National Bank of Northern Virginia | First American Bank of Virginia |
| Apr 1, 1978 | Barnett Bank of St. Augustine, N.A. | Barnett Bank of Saint Johns County |
| Apr 1, 1978 | The First National Bank of Snow Hill | Allfirst Bank |
| Apr 1, 1978 | Clarendon Bank & Trust | First American Bank of Virginia |
| Apr 1, 1978 | The Moline State Bank | First of America Bank - Grand Rapids, National Association |
| Apr 1, 1978 | Barnett Bank of Delray Beach, N.A. | Barnett Bank of Palm Beach County |
| Mar 31, 1978 | The First National Bank of Lawton | The American National Bank and Trust Company of Michigan |
| Mar 21, 1978 | Merchants and Farmers Realty Company | Dominion Bank of Greater Hampton Roads, National Association |
| Mar 15, 1978 | Danville City Employees Credit Union | First Illinois Credit Union |
| Mar 13, 1978 | Fidelity Deposit Bank of Derry | Southwest Bank |
| Mar 13, 1978 | The First National Bank of Youngwood | Southwest Bank |
| Mar 9, 1978 | The American Bank of Commerce | First Interstate Bank of Utah, National Association |
| Mar 1, 1978 | The Gulf National Bank | The Lewis State Bank |
| Feb 28, 1978 | Commercial Security Bank of Salt Lake | KeyBank National Association |
| Feb 25, 1978 | Bank of Oglethorpe | The Bank of Macon County |
| Feb 22, 1978 | The First National Bank of West Jefferson | First National Bank of Catawba County |
| Feb 20, 1978 | Florida National Bank at Lake Shore | Florida National Bank |
| Feb 20, 1978 | Florida Northside Bank of Jacksonville | Florida National Bank |
| Feb 20, 1978 | Florida National Bank at Arlington | Florida National Bank |
| Feb 20, 1978 | Florida Dealers and Growers Bank | Florida National Bank |
| Feb 16, 1978 | Southeast Bank of Deerfield Beach | Southeast Bank |
| Feb 16, 1978 | Southeast Bank of Galt Ocean Mile | Southeast Bank |
| Feb 16, 1978 | Southeast Bank of Hollywood Hills | Southeast Bank |
| Feb 16, 1978 | Southeast Bank of Miramar | Southeast Bank |
| Feb 16, 1978 | Southeast Bank of Broward | Southeast Bank |
| Feb 7, 1978 | Southeast First National Bank of Maitland | Southeast National Bank of Orlando |
| Feb 7, 1978 | Southeast Bank of East Orange | Southeast National Bank of Orlando |
| Feb 1, 1978 | Mid-Jersey National Bank | Princeton Bank |
| Jan 31, 1978 | (unnamed) | United California 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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