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 |
|---|---|---|
| Feb 1, 1988 | First Nebraska Bank, National Association | First Nebraska Bank |
| Feb 1, 1988 | Allied Jetero Bank | Wells Fargo Bank Texas, National Association |
| Feb 1, 1988 | Allied Spring Bank | Wells Fargo Bank Texas, National Association |
| Feb 1, 1988 | Allied Seabrook Bank | Wells Fargo Bank Texas, National Association |
| Feb 1, 1988 | Mellon Bank (FL) National Association | Suntrust Bank, South Florida, N.A. |
| Feb 1, 1988 | Allied Champions Bank | Wells Fargo Bank Texas, National Association |
| Feb 1, 1988 | Allied Mission Bend Bank | Wells Fargo Bank Texas, National Association |
| Feb 1, 1988 | First Nebraska Bank, National Association | First Nebraska Bank |
| Feb 1, 1988 | First Nebraska Bank | First Nebraska Bank |
| Feb 1, 1988 | Enterprise Bank-West, National Association | Enterprise Bank - Houston |
| Feb 1, 1988 | Allied Bank-Interstate 10 | Wells Fargo Bank Texas, National Association |
| Feb 1, 1988 | (unnamed) | Wells Fargo Bank Texas, National Association |
| Feb 1, 1988 | Allied Mercantile Bank | Wells Fargo Bank Texas, National Association |
| Feb 1, 1988 | First Nebraska Bank | First Nebraska Bank |
| Feb 1, 1988 | Allied Fairbanks Bank | Wells Fargo Bank Texas, National Association |
| Feb 1, 1988 | Valley Bank, Shorewood Hills | Valley Bank |
| Feb 1, 1988 | Allied Bank of Texas | Wells Fargo Bank Texas, National Association |
| Feb 1, 1988 | Allied Beltway Bank | Wells Fargo Bank Texas, National Association |
| Jan 31, 1988 | Baker Perkins Employees Credit Union | Team One Credit Union |
| Jan 31, 1988 | Derby Financial Corporation | Chisholm Trail Financial Corporation |
| Jan 31, 1988 | Uptown Federal Savings and Loan Association | Granite Bank, Federal Savings Bank |
| Jan 31, 1988 | Gazette Employees Federal Credit Union | United Arkansas Federal Credit Union |
| Jan 31, 1988 | United Insurance Credit Union | Sherwin Williams Employees Credit Union |
| Jan 31, 1988 | Muskegon Central Trades Credit Union | Route 31 Federal Credit Union |
| Jan 31, 1988 | Saint Annes Hospital Federal Credit Union | Alero Financial Credit Union |
| Jan 31, 1988 | Milk Marketing Incorporated Federal Credit Union | General Credit Union |
| Jan 31, 1988 | Rainier Bank Oregon, National Association | Security Pacific Bank Oregon |
| Jan 30, 1988 | Dha Fcu | Augusta Seaboard Community Federal Credit Union |
| Jan 30, 1988 | The Pershing National Bank of Decatur | First of America Bank-Decatur, National Association |
| Jan 30, 1988 | South Shores National Bank of Decatur | First of America Bank-Decatur, National Association |
| Jan 30, 1988 | West Ascension Parish Fcu | Iberville Federal Credit Union |
| Jan 29, 1988 | Sangamon Bank and Trust | First of America Bank - Springfield, National Association |
| Jan 29, 1988 | Allied Bancshares, Inc. | First Interstate Bancorp of Texas, Inc. |
| Jan 29, 1988 | United Bank Alaska Southeastern | Alliance Bank |
| Jan 29, 1988 | Craddock-Terry Credit Union | Beacon Credit Union Incorporated |
| Jan 28, 1988 | First Federal Savings and Loan Association of Freeport | Homebanc, A Federal Savings Bank |
| Jan 28, 1988 | B&B Credit Union | Piedmont Credit Union |
| Jan 28, 1988 | Allied Pasadena National Bank | Wells Fargo Bank Texas, National Association |
| Jan 27, 1988 | Eden Central Federal Credit Union | Meridia Community Federal Credit Union |
| Jan 26, 1988 | First Carolina Savings Bank | Pioneer Savings Bank, Inc. |
| Jan 26, 1988 | CTM Credit Union | Security First Federal Credit Union |
| Jan 26, 1988 | Guardian Lodge Federal Credit Union | Warden Captree Federal Credit Union |
| Jan 25, 1988 | First Wisconsin Bank of Waunakee | Firstar Bank Wisconsin |
| Jan 25, 1988 | Co-Op Credit Union | American Mutual Credit Union, Inc |
| Jan 25, 1988 | Fox Mutual Credit Union, Inc. | Trupartner Credit Union, Inc. |
| Jan 25, 1988 | (unnamed) | The First National Bank of Manchester |
| Jan 23, 1988 | First Commercial Savings and Loan Association | Great Western Bank, a Federal Savings Bank |
| Jan 23, 1988 | Evco, Inc. | Greatbanc, Inc. |
| Jan 22, 1988 | MBank Centerville, National Association | Mbank Dallas, N.A. |
| Jan 22, 1988 | MBank Grand Prairie | Mbank Dallas, N.A. |
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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