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
Jun 1, 1988	CBC Bancorp, Inc.	TN	CBC Bancorp, Inc.
Jun 1, 1988	TN Assn of Util Cu	TN	Ten Credit Union
Jun 1, 1988	Akron Theatrical Credit Union, Inc.	OH	Towpath Credit Union
Jun 1, 1988	Liberty National Bank of Orlando	FL	Old Florida Bank
Jun 1, 1988	First RepublicBank Gateway, National Association	TX	First Republicbank Fort Worth, N.A.
Jun 1, 1988	Saint Marys Credit Union, Inc.	OH	Three Rivers Federal Credit Union
Jun 1, 1988	First RepublicBank University Drive	TX	First Republicbank Fort Worth, N.A.
Jun 1, 1988	First RepublicBank Arlington, National Association	TX	First Republicbank Fort Worth, N.A.
Jun 1, 1988	American Bank & Trust Company	IL	Illini Bank
Jun 1, 1988	Sherman Community Bank & Trust Company	IL	Illini Bank
Jun 1, 1988	Barclays Bank of California	CA	Wells Fargo Bank, N.A.
Jun 1, 1988	Old Kent Bank of Allegan	MI	Old Kent Bank-Southwest
Jun 1, 1988	First RepublicBank SW Arlington, National Association	TX	First Republicbank Fort Worth, N.A.
Jun 1, 1988	Goverment Employees of Crawford County Federal Credit Union	PA	One Federal Credit Union
Jun 1, 1988	Saint Joseph Telephone Employees Credit Union	MO	Postal & Community Credit Union
Jun 1, 1988	Peoples State Bank	IN	First Bank and Trust
Jun 1, 1988	C S Johnson Company Employees Credit Union	IL	Champaign Municipal Employees Credit Union
Jun 1, 1988	Old Kent Bank of Battle Creek	MI	Old Kent Bank-Southwest
Jun 1, 1988	Maola Credit Union	NC	First Carolina People's Credit Union
Jun 1, 1988	Security Bank of Midwest City	OK	Community Bank & Trust Co.
Jun 1, 1988	First RepublicBank Richland, National Association	TX	First Republicbank Fort Worth, N.A.
Jun 1, 1988	Mechanicsburg Citizens Bank & Trust Company	IL	Illini Bank
Jun 1, 1988	Hecks Employees Federal Credit Union	WV	Metro Community Federal Credit Union
Jun 1, 1988	The Okeefe Elevator Company Credit Union	NE	Centris Federal Credit Union
Jun 1, 1988	Community Bank of Divernon	IL	Illini Bank
Jun 1, 1988	Celanese Summit Employees Federal Credit Union	NJ	Sharonview Federal Credit Union
Jun 1, 1988	Auburn Peoples Bank	IL	Illini Bank
Jun 1, 1988	First American National Bank	TN	First American National Bank
Jun 1, 1988	First RepublicBank River Oaks	TX	First Republicbank Fort Worth, N.A.
Jun 1, 1988	Bank of Palm Beach and Trust Company	FL	First Union National Bank of Florida
Jun 1, 1988	First RepublicBank Fort Worth East, National Association	TX	First Republicbank Fort Worth, N.A.
Jun 1, 1988	First RepublicBank South Fort Worth	TX	First Republicbank Fort Worth, N.A.
Jun 1, 1988	First RepublicBank Ridglea	TX	First Republicbank Fort Worth, N.A.
Jun 1, 1988	Unico Credit Union	OH	Wright-Patt Credit Union, Inc.
Jun 1, 1988	Old Kent Bank of South Haven	MI	Old Kent Bank-Southwest
May 31, 1988	First Federal Savings and Loan Association of Tipton County	IN	First American Bank
May 31, 1988	Lafayette Bancorp, Inc.	CT	Lafayette American Bancorp, Inc.
May 31, 1988	First Security Bank & Trust Co.	NE	First National Bank of Omaha
May 31, 1988	Seattle Texaco Federal Credit Union	WA	Puget Sound Refinery Federal Credit Union
May 31, 1988	Independent Bank-Wylie, National Association	TX	Independent Bank East N.A.
May 31, 1988	American Bancorp, Inc.	CT	Lafayette American Bancorp, Inc.
May 31, 1988	Eagle Bancorporation, Inc.	IL	Landmark Bancshares of Illinois, Inc.
May 28, 1988	Robertshaw Milford Federal Credit Union	CT	McKesson Federal Credit Union
May 27, 1988	Florida Production Engineering Empl Fcu	FL	Insight Credit Union
May 26, 1988	Martha Jefferson Hospital Credit Union	VA	University of Virginia Community Credit Union, Inc.
May 25, 1988	First Federal Savings and Loan Association of Hammonton	NJ	Hansen Federal Savings Association
May 25, 1988	Logan County Community Credit Union	IL	Citizens Equity First Credit Union
May 24, 1988	Newton State Bank	WI	Valley Bank East
May 24, 1988	Capital Bank and Trust Company N.A.	LA	Union Planters Bank of Louisiana
May 24, 1988	C D C W Employees Federal Credit Union	IL	Vicinity Credit Union

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.

Explore: all mergers · 1988 bank events · browse by acquirer · bank failures · all events