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 28, 1988	Family Financial Savings Association	WI	Bank Mutual
Dec 27, 1988	The Citizens Building and Loan Company	OH	Unity Savings Bank
Dec 27, 1988	Pacific Bancorporation Data Systems, Inc.	CA	Pacific Bancorporation
Dec 27, 1988	(unnamed)	—	American National Bank of Melrose Park
Dec 23, 1988	Old National Credit Corporation	WA	U.S. Bancorp
Dec 23, 1988	Glen Ellyn Savings and Loan Association, a Federal Savings and Loan Association	IL	Citibank, Federal Savings Bank
Dec 20, 1988	Ufcw Local 7 Credit Union	CO	Electrical Federal Credit Union
Dec 19, 1988	Compass Bank N.A.	TX	Compass Bank
Dec 19, 1988	First National Bank of Crosby	TX	Compass Bank
Dec 19, 1988	Sierra Security Bank	CA	Plumas Bank
Dec 17, 1988	Tri-City Bancorp, Inc.	TN	First Virginia Banks, Inc.
Dec 17, 1988	Fairlawn Plaza Investments, Inc.	KS	IV Topeka Acquisition, Inc.
Dec 17, 1988	Fairlawn Plazabank	KS	Bank IV Topeka, National Association
Dec 16, 1988	Lamorinda Financial Corporation	CA	Mission Valley Bancorp
Dec 16, 1988	Somerset Bancorp, Inc.	NJ	The Summit Bancorporation
Dec 16, 1988	Community First Federal Savings	WA	Pacific First Bank, a Federal Savings Bank
Dec 15, 1988	First City National Bank of Richmond	TX	First City, Texas - Houston, N.A.
Dec 15, 1988	Great Northern Savings	IL	Lasalle Bank, F.S.B.
Dec 15, 1988	Landrum Mills Federal Credit Union	SC	Southern Select Community Cu
Dec 15, 1988	Tri-County State Bank	IA	Security State Bank
Dec 15, 1988	Applewood U.S. Industrial Bank	CO	American Industrial Bank of Lakewood
Dec 13, 1988	Purple Shield Fcu	LA	Southern Teachers & Parents Federal Credit Union
Dec 12, 1988	First Interstate Bank of Cedar Hill, National Association	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank North Central, National Association	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank Brookhollow	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank of Dallas	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank of Dallas, National Association	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank of Plano, National Association	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank of Oak Cliff	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank of North Richland Hills, National Association	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank of Longview	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank of Keller, National Association	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank of Irving	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank of Marshall	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank of Mesquite, National Association	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank of Bedford	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank of Waxahachie, National Association	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	Cal Co Maryland Federal Credit Union	MD	Educational Systems Federal Credit Union
Dec 12, 1988	First Interstate Bank of Fort Worth	TX	Wells Fargo Bank Texas, National Association
Dec 12, 1988	First Interstate Bank of Arlington	TX	Wells Fargo Bank Texas, National Association
Dec 10, 1988	The Peoples National Bank of Shelbyville	TN	First Union National Bank of Tennessee
Dec 10, 1988	Community State Bank	WA	Bellingham Bank
Dec 9, 1988	McDonald County Mercantile Bank	MO	Mercantile Bank of Monett
Dec 9, 1988	Grand Bank, National Association	TX	Comerica Bank - Texas
Dec 9, 1988	Grand Bank Northeast	TX	Comerica Bank - Texas
Dec 9, 1988	Centerre Bancorporation	MO	Boatmen's Bancshares, Inc.
Dec 9, 1988	Mutual State Bank	NE	Mid City Bank, Inc.
Dec 6, 1988	Kolob Investment Company	UT	Central Bancorporation
Dec 6, 1988	Edwardsville State Bank	KS	The Edwardsville Bank
Dec 5, 1988	Citizens State Bank of Pleasant Hill	IL	First 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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