Mergers by Year

Bank Mergers in 1988

The Federal Reserve's National Information Center (NIC) recorded 1,275 merger records involving a bank, credit union or bank holding company in 1988. 693 had a bank as the acquired institution. Many acquired parties in this period are not classified as banks, credit unions or holding companies, so the bank count understates the year; the full list is below. NIC recorded 1,196 in 1987.

693

Banks acquired

3 bought by a credit union

Credit unions merged

NIC, credit unions as the acquired side

132

Holding companies

Bank holding companies merged

1,275

All merger records

1988 in US banking ›

Largest bank mergers of 1988

Ranked by the acquired bank's total assets at its last call report before the effective date.

Effective	Acquired bank	State	Assets	Acquirer
Dec 31, 1988	Tracy-Collins Bank and Trust Company	UT	—	U.S. Bank of Utah
Dec 31, 1988	United Federal Savings & Loan Association	SD	—	Home Federal Bank
Dec 31, 1988	Peoples Exchange Bank	WI	—	Valley Bank, Menomonie
Dec 31, 1988	Valley Bank and Trust Company	WV	—	(unnamed)
Dec 31, 1988	South FL SVG FS&LA	FL	—	Southeast Bank for Savings, A FSB
Dec 31, 1988	Premier Bank - Acadiana, National Association	LA	—	Bank One, Louisiana, National Association
Dec 31, 1988	Citizens State Bank of Green Isle	MN	—	MidAmerica Bank Chaska
Dec 31, 1988	Peoples Safe Deposit Bank, Saint Clair	PA	—	Community Banks, National Association
Dec 31, 1988	The First National Bank of Peckville	PA	—	PNC Bank, Northeast PA
Dec 31, 1988	The Pen Argyl National Bank	PA	—	Lafayette Ambassador Bank
Dec 31, 1988	First Federal Savings and Loan Association of Elgin	IL	—	First Federal of Elgin, F.S.A.
Dec 31, 1988	Peoples Bank	PA	—	Community Banks, National Association
Dec 31, 1988	Colorado Springs Security Pacific Industrial Bank	CO	—	Security Pacific Finance System Incorporated
Dec 31, 1988	The Premier Bank of South Louisiana	LA	—	Bank One, Louisiana, National Association
Dec 31, 1988	Farmers State Bank	KS	—	First Kansas Bank

Biggest bank failures by assets ›

Every merger recorded in 1988

1,275 NIC merger records in 1988 involve a bank, credit union or bank holding company on at least one side, newest first.

Date	Acquired institution	State	Acquirer
Dec 31, 1988	First Federal Savings and Loan Association of Elgin	IL	First Federal of Elgin, F.S.A.
Dec 31, 1988	Vermont Holding Corporation	MA	Key Bancshares of Vermont Inc.
Dec 31, 1988	Cal America Savings and Loan Association, a Federal Savings and Loan Association	CA	Columbus Savings, a Federal Savings and Loan Association
Dec 31, 1988	XYZ Acquisition Corp.	NY	Irving Bank Corporation
Dec 31, 1988	Cosmopolitan Financial Services, Inc.	IL	Edgemark Financial Corporation
Dec 31, 1988	Edgemark Financial Corporation	IL	Edgemark Financial Corporation
Dec 31, 1988	Union National Corporation	PA	Integra Financial Corporation
Dec 31, 1988	Pennbancorp	PA	Integra Financial Corporation
Dec 31, 1988	Marine Midland Properties Corporation	NY	HSBC USA Inc.
Dec 31, 1988	Farmers State Bank	KS	First Kansas Bank
Dec 31, 1988	United Federal Savings & Loan Association	SD	Home Federal Bank
Dec 31, 1988	Premier Bank - Acadiana, National Association	LA	Bank One, Louisiana, National Association
Dec 31, 1988	(unnamed)	—	Community Bank
Dec 31, 1988	(unnamed)	—	Bank One, Louisiana, National Association
Dec 31, 1988	Fort Drum Federal Credit Union	NY	Americu Credit Union
Dec 31, 1988	Princeton Applied Research Federal Credit Union	NJ	Edifi Federal Credit Union
Dec 31, 1988	The Premier Bank of South Louisiana	LA	Bank One, Louisiana, National Association
Dec 31, 1988	Colorado Springs Security Pacific Industrial Bank	CO	Security Pacific Finance System Incorporated
Dec 31, 1988	South FL SVG FS&LA	FL	Southeast Bank for Savings, A FSB
Dec 31, 1988	(unnamed)	—	Firstar Bank, National Association
Dec 31, 1988	Braeburn Steel Employees Federal Credit Union	PA	Western Pa Federal Credit Union
Dec 31, 1988	Peoples Bank	PA	Community Banks, National Association
Dec 31, 1988	Tracy-Collins Bank and Trust Company	UT	U.S. Bank of Utah
Dec 31, 1988	Valley Bank and Trust Company	WV	(unnamed)
Dec 31, 1988	The Pen Argyl National Bank	PA	Lafayette Ambassador Bank
Dec 31, 1988	The First National Bank of Peckville	PA	PNC Bank, Northeast PA
Dec 31, 1988	Peoples Exchange Bank	WI	Valley Bank, Menomonie
Dec 31, 1988	Peoples Safe Deposit Bank, Saint Clair	PA	Community Banks, National Association
Dec 31, 1988	Citizens State Bank of Green Isle	MN	MidAmerica Bank Chaska
Dec 30, 1988	First City National Bank of Arlington	TX	First City, Texas - Dallas
Dec 30, 1988	Arrowhead Federal Savings and Loan Association	OK	Equity Bank for Savings, F.A.
Dec 30, 1988	Keystone Savings & Loan Association	TX	Pacific Southwest Bank
Dec 30, 1988	Nicholson Voting Trust Agreement	PA	Comm Bancorp, Inc.
Dec 30, 1988	Doss Financial Bancshares, Inc.	TX	Texasbanc Holding Co.
Dec 30, 1988	First Wyoming Bancorporation	WY	Key Bancshares of Wyoming, Inc.
Dec 30, 1988	Farmers and Merchants Bank	AR	First National Bank of Eastern Arkansas
Dec 30, 1988	First City National Bank of Colleyville	TX	First City, Texas - Dallas
Dec 30, 1988	City Bank-Rankin	IL	City Potomac Bank
Dec 30, 1988	First City Bank of Plano, National Association	TX	First City, Texas - Dallas
Dec 30, 1988	First City Bank of Lewisville	TX	First City, Texas - Dallas
Dec 30, 1988	First City National Bank of Fort Worth	TX	First City, Texas - Dallas
Dec 30, 1988	First City Bank-Forest Hill	TX	First City, Texas - Dallas
Dec 30, 1988	(unnamed)	—	First Interstate Bank of California
Dec 30, 1988	Columbia Savings, a, Federal Savings and Loan Association	CO	Columbia Savings, a Federal Savings and Loan Association
Dec 30, 1988	Charter National Bank - Southwest	TX	Charter National Bank - Houston
Dec 30, 1988	First City Bank-Central Arlington, National Association	TX	First City, Texas - Dallas
Dec 29, 1988	Landmark Bank of Mascoutah	IL	Magna Bank of Illinois
Dec 29, 1988	Landmark Bank of St. Clair County	IL	Magna Bank of Illinois
Dec 29, 1988	Landmark Bank of Edgemont	IL	Magna Bank of Illinois
Dec 29, 1988	First National Bank	MN	First National Bank

Bank mergers by year

← 1987 · 1989 →

Year	Merger records
2026	360
2025	433
2024	314
2023	363
2022	432
2021	437
2020	437
2019	547
2018	643
2017	608
2016	655
2015	766

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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