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 |
|---|---|---|
| Apr 1, 1988 | Amana Empl Cu | RTN Federal Credit Union |
| Apr 1, 1988 | Golden Gate Federal Credit Union | Provident Credit Union |
| Apr 1, 1988 | Central Bank-Glen Carbon | Central Bank |
| Apr 1, 1988 | Denver Teamsters Credit Union | White Crown Federal Credit Union |
| Apr 1, 1988 | Reliable Employees Federal Credit Union | Alero Financial Credit Union |
| Apr 1, 1988 | Madison County Bank | Community Bank |
| Apr 1, 1988 | Childrens Hospital Medical Center Federal Credit Union | Tremont Credit Union |
| Apr 1, 1988 | Aratex/work Wear Employees Credit Union | Logix Federal Credit Union |
| Apr 1, 1988 | Gate City Steel Employees Credit Union | Greater Omaha Federal Credit Union |
| Apr 1, 1988 | (unnamed) | FNB Of Central Alabama |
| Apr 1, 1988 | McCreary Tire Federal Credit Union | Kennametal Employees Federal Credit Union |
| Apr 1, 1988 | A. R. G. D. Federal Credit Union | Tri Boro Federal Credit Union |
| Apr 1, 1988 | FD&L Empl Cu | Associated Credit Union |
| Apr 1, 1988 | Aero Corp Empl Fcu | Atlantic Coast Bank |
| Apr 1, 1988 | Greenwood Cooperatives | Simplicity Credit Union |
| Apr 1, 1988 | Hi-Acres Empl Cu | Addition Financial Credit Union |
| Apr 1, 1988 | First of America Computer Services Inc | First of America Bank Corporation |
| Apr 1, 1988 | Western Investment Corporation | Wachovia Bank, N.A. |
| Apr 1, 1988 | Anchor Banshares, Inc. | Abbott Bank Group, Inc. |
| Apr 1, 1988 | Thedford Banshares, Inc. | Abbott Bank Group, Inc. |
| Apr 1, 1988 | Chadron Banshares, Inc. | Abbott Bank Group, Inc. |
| Apr 1, 1988 | Mullen Banshares, Inc. | Abbott Bank Group, Inc. |
| Apr 1, 1988 | Valentine State Banshares, Inc. | Abbott Bank Group, Inc. |
| Apr 1, 1988 | Gordon State Banshares, Inc. | Abbott Bank Group, Inc. |
| Apr 1, 1988 | Dean Holbein & Associates, Inc. | Leffler Bank Holding Company |
| Apr 1, 1988 | Imperial Creditcorp, Inc. | Imperial Bank |
| Apr 1, 1988 | (unnamed) | Harris Bank Palatine, National Association |
| Apr 1, 1988 | Central Labor Council of Fresno & Madera Credit Union | United Local Credit Union |
| Apr 1, 1988 | Richland Center Federal Savings and Loan Association | AnchorBank, FSB |
| Apr 1, 1988 | Pontiac State Bank | Bank One, Michigan |
| Apr 1, 1988 | Industrial Business Credit Union | Great Lakes Federal Credit Union |
| Apr 1, 1988 | Barnes Engineering Employees Federal Credit Union | McKesson Federal Credit Union |
| Apr 1, 1988 | First of America BANK-OAKLAND/MACOMB,N.A. | First of America Bank-Southeast Michigan, National Association |
| Apr 1, 1988 | Tri-Cities Empl Cu | City Credit Union |
| Apr 1, 1988 | First Bank of North Dakota (N.A.) - Minot | First Bank of North Dakota, N.A. |
| Apr 1, 1988 | First Bank of North Dakota (N.A.) - Jamestown | First Bank of North Dakota, N.A. |
| Apr 1, 1988 | First Bank of North Dakota (N.A.) - Grand Forks | First Bank of North Dakota, N.A. |
| Apr 1, 1988 | Central Bank-Granite City | Central Bank |
| Apr 1, 1988 | East Orange Post Office Credit Union | First Jersey Credit Union |
| Apr 1, 1988 | First Federal Savings and Loan Association | Coreast Federal Savings Bank |
| Apr 1, 1988 | First of America Bank-Wayne Oakland | First of America Bank-Southeast Michigan, National Association |
| Apr 1, 1988 | The First National Bank and Trust Company of Bismarck | First Bank of North Dakota, N.A. |
| Apr 1, 1988 | Independent Bank, National Association | Independent Bank N.A. |
| Apr 1, 1988 | American Heritage Bank of Granite City | Central Bank |
| Apr 1, 1988 | Midlantic National Bank/Sussex & Merchants | (unnamed) |
| Apr 1, 1988 | Sterling Federal Credit Union | Sunmark Credit Union |
| Apr 1, 1988 | Sherdek Federal Credit Union | Sheridan Community Federal Credit Union |
| Apr 1, 1988 | Hercules Hopewell Employees Federal Credit Union | Hopewell Chemical Federal Credit Union |
| Apr 1, 1988 | First of America Bank-Rochester, N.A. | First of America Bank-Southeast Michigan, National Association |
| Apr 1, 1988 | National Savings and Loan Association | First Financial 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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