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 |
|---|---|---|
| Jan 30, 1978 | The Farmers Exchange Bank | 1st Security Bank |
| Jan 24, 1978 | Commercial and Farmers National Bank | (unnamed) |
| Jan 17, 1978 | Community Bank of Countryside | Community Bank of Pinellas |
| Jan 17, 1978 | Community Bank of Redington | Community Bank of Pinellas |
| Jan 17, 1978 | Community Bank of Northside | Community Bank of Pinellas |
| Jan 17, 1978 | Community Bank of St. Petersburg | Community Bank of Pinellas |
| Jan 17, 1978 | Community Bank of Largo | Community Bank of Pinellas |
| Jan 17, 1978 | Community Bank of Clearwater | Community Bank of Pinellas |
| Jan 11, 1978 | Richfield Commercial and Savings Bank | Zions Bancorporation, N.A. |
| Jan 11, 1978 | First State Bank | Zions Bancorporation, N.A. |
| Jan 7, 1978 | (unnamed) | UST Bank/Connecticut |
| Jan 3, 1978 | Bank of Stratford | The North American Bank and Trust Company |
| Jan 3, 1978 | First American Bank of Broward County | Barnett Bank of Broward County |
| Jan 3, 1978 | Barnett Bank of Lake Placid | Barnett Bank of Highlands County |
| Jan 3, 1978 | Barnett Bank of West Hollywood | Barnett Bank of Broward County |
| Jan 3, 1978 | Barnett Bank of Palm Springs | Barnett Bank of Palm Beach County |
| Jan 3, 1978 | Barnett Bank of Jacaranda | Barnett Bank of Broward County |
| Jan 3, 1978 | Barnett Bank of West Lake Worth, National Association | Barnett Bank of Palm Beach County |
| Jan 3, 1978 | Barnett Bank of Riverland | Barnett Bank of Broward County |
| Jan 3, 1978 | Barnett Bank of Fort Lauderdale | Barnett Bank of Broward County |
| Jan 3, 1978 | Barnett Bank of Port Everglades | Barnett Bank of Broward County |
| Jan 1, 1978 | Atlantic National Bank of Fort Lauderdale | Atlantic National Bank of Broward |
| Jan 1, 1978 | Overland Building Corporation | The Overland National Bank of Grand Island |
| Jan 1, 1978 | Bank of Elk Grove Building Corp | NBD Elk Grove Bank |
| Jan 1, 1978 | Davenport Flagship Bank | The First Bankers of Polk County |
| Jan 1, 1978 | The State Bank of Milan | The Fifth Third Bank of Southeastern Indiana |
| Jan 1, 1978 | Fulton Savings Bank, Kings County | CrossLand Federal Savings Bank |
| Jan 1, 1978 | Atlantic National Bank of Hollywood | Atlantic National Bank of Broward |
| Jan 1, 1978 | First Marine National Bank | Barnett Bank of Palm Beach County |
| Jan 1, 1978 | The Exchange Bank of Dunedin | The Exchange National Bank of Pinellas County |
| Jan 1, 1978 | Dekalb Exchange Bank | First Union National Bank of Georgia |
| Jan 1, 1978 | The Exchange Bank and Trust Company of Clearwater | The Exchange National Bank of Pinellas County |
| Jan 1, 1978 | First National Bank of White River Junction the | First Twin-State Bank |
| Jan 1, 1978 | First Marine Bank of Boca Raton | Barnett Bank of Palm Beach County |
| Jan 1, 1978 | Flagship Bank of Lake Alfred | The First Bankers of Polk County |
| Jan 1, 1978 | J. Henry Schroder Banking Corporation | IBJ Whitehall Bank & Trust Company |
| Jan 1, 1978 | Atlantic National Bank of Davie | Atlantic National Bank of Broward |
| Jan 1, 1978 | First Marine Bank of Palm Beach Gardens | Barnett Bank of Palm Beach County |
| Jan 1, 1978 | Indian Head National Bank of Portsmouth | (unnamed) |
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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