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
0
Credit unions merged
NIC, credit unions as the acquired side
132
Holding companies
Bank holding companies merged
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 | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1988 | Tracy-Collins Bank and Trust Company | — | U.S. Bank of Utah |
| Dec 31, 1988 | United Federal Savings & Loan Association | — | Home Federal Bank |
| Dec 31, 1988 | Peoples Exchange Bank | — | Valley Bank, Menomonie |
| Dec 31, 1988 | Valley Bank and Trust Company | — | (unnamed) |
| Dec 31, 1988 | South FL SVG FS&LA | — | Southeast Bank for Savings, A FSB |
| Dec 31, 1988 | Premier Bank - Acadiana, National Association | — | Bank One, Louisiana, National Association |
| Dec 31, 1988 | Citizens State Bank of Green Isle | — | MidAmerica Bank Chaska |
| Dec 31, 1988 | Peoples Safe Deposit Bank, Saint Clair | — | Community Banks, National Association |
| Dec 31, 1988 | The First National Bank of Peckville | — | PNC Bank, Northeast PA |
| Dec 31, 1988 | The Pen Argyl National Bank | — | Lafayette Ambassador Bank |
| Dec 31, 1988 | First Federal Savings and Loan Association of Elgin | — | First Federal of Elgin, F.S.A. |
| Dec 31, 1988 | Peoples Bank | — | Community Banks, National Association |
| Dec 31, 1988 | Colorado Springs Security Pacific Industrial Bank | — | Security Pacific Finance System Incorporated |
| Dec 31, 1988 | The Premier Bank of South Louisiana | — | Bank One, Louisiana, National Association |
| Dec 31, 1988 | Farmers State Bank | — | First Kansas Bank |
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 | Acquirer |
|---|---|---|
| May 1, 1988 | First Harvey Banc Corporation | Pinnacle Banc Group, Inc. |
| May 1, 1988 | La Grange Park Banc Corporation | Pinnacle Banc Group, Inc. |
| May 1, 1988 | Golden Guernsey Credit Union | Appletree Credit Union |
| May 1, 1988 | Wisconsin Valley Trust Company | Marshall & Ilsley Trust Company |
| May 1, 1988 | Dayco Employees' Credit Union, Inc. | Wright-Patt Credit Union, Inc. |
| May 1, 1988 | Assabet Institution for Savings | Middlesex Savings Bank |
| May 1, 1988 | Commercial Bank of Palm Beach County | First Union National Bank of Florida |
| May 1, 1988 | Ussah Federal Credit Union | Andrews Federal Credit Union |
| May 1, 1988 | Meritor SVG F.A. | Meritor Savings Bank, F.A. |
| May 1, 1988 | Saint Alphonsus Credit Union | Ascentra Credit Union |
| May 1, 1988 | Salmon River Grange Credit Union | Frontier Credit Union |
| May 1, 1988 | Wilson Trailer Company Employees Credit Union | Sioux Valley Credit Union |
| May 1, 1988 | Grigoleit Employees Credit Union | Staley Credit Union |
| Apr 30, 1988 | The First National Bank of Brainerd | First Bank Central, National Association |
| Apr 30, 1988 | Fidelity Land Company of Slidell, Inc. | Bank of Louisiana |
| Apr 30, 1988 | FBT Bancshares, Inc. | Bol Bancshares, Inc. |
| Apr 30, 1988 | Bos Bancshares, Inc. | Bol Bancshares, Inc. |
| Apr 30, 1988 | First RepublicBank Carrollton | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | First RepublicBank North Dallas, National Association | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | First RepublicBank Pleasant Grove | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | United Bank of University Hills N.A. | Norwest Bank Cherry Creek, National Association |
| Apr 30, 1988 | Columbus Greyhound Employees Federal Credit Union | Cme Federal Credit Union |
| Apr 30, 1988 | The First National Bank of Fairmont | First Bank South, National Association |
| Apr 30, 1988 | Norwest Bank Worthington, National Association | Norwest Bank Minnesota Southwest, National Association |
| Apr 30, 1988 | First RepublicBank Greenville Avenue | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | First RepublicBank Las Colinas | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | First RepublicBank Richardson | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | The First National Bank of Owatonna | First Bank Southeast, National Association |
| Apr 30, 1988 | First RepublicBank Irving | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | First RepublicBank Dallas East, National Association | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | First RepublicBank Oak Hill, National Association | First Republicbank Austin N.A. |
| Apr 30, 1988 | First RepublicBank Countryside, National Association | First Republicbank San Antonio, N.A. |
| Apr 30, 1988 | First RepublicBank NW San Antonio, National Association | First Republicbank San Antonio, N.A. |
| Apr 30, 1988 | Bank of the South | Bank of Louisiana |
| Apr 30, 1988 | First RepublicBank DFW Freeport, National Association | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | First RepublicBank Hutchins | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | Auto Workers Flint Federal Credit Union | Motor City Co-Op Credit Union |
| Apr 30, 1988 | Shoreline Savings Bank | Washington Mutual, a Federal Savings Bank |
| Apr 30, 1988 | First RepublicBank Oak Cliff | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | First RepublicBank Park Cities | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | Health Care Providers Credit Union | Multipli Federal Credit Union |
| Apr 30, 1988 | First RepublicBank Garland, National Association | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | First Bank (N.A.) - Albert Lea | First Bank Southeast, National Association |
| Apr 30, 1988 | Cupples Products Employees Credit Union | Century Credit Union |
| Apr 30, 1988 | Fidelity Bank & Trust Company | Bank of Louisiana |
| Apr 30, 1988 | First RepublicBank Grand Prairie, National Association | First Republicbank Dallas, N.A. |
| Apr 30, 1988 | The First National Bank of Austin | First Bank Southeast, National Association |
| Apr 30, 1988 | First National Bank in Alexandria | First Bank Central, National Association |
| Apr 30, 1988 | First RepublicBank Westlake, National Association | First Republicbank Austin N.A. |
| Apr 30, 1988 | Citizens Bank of Roseville | First Commercial 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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