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
Jan 1, 1988	Commerce Bank of Lee's Summit, National Association	MO	Commerce Bank
Jan 1, 1988	Adams E&T Co-Op Credit Union	IL	I E C Federal Credit Union
Jan 1, 1988	Southeast Bank of Madison County, National Association	FL	Southeast Bank, N.A.
Jan 1, 1988	Peoples State Bank	NE	St. Paul National Bank
Jan 1, 1988	The Washington Bank	WA	Security Pacific Bank Washington, N.A.
Jan 1, 1988	Greater Buffalo Federal Credit Union	NY	Morton Lane Federal Credit Union
Jan 1, 1988	Liberty Savings and Loan Association	WI	Security Bank, S.S.B.
Jan 1, 1988	Comerica Bank-Metro West, National Association	MI	Comerica Bank
Jan 1, 1988	Alexandria Banking Company	IN	Citizens Banking Company
Jan 1, 1988	Norton Employees Credit Union	MA	Webster First Federal Credit Union
Jan 1, 1988	Comerica Bank-Livonia	MI	Comerica Bank
Jan 1, 1988	Sun Savings & Loan Federal Association	ME	Home Owners Savings Bank FSB
Jan 1, 1988	Silver King State Bank	UT	Bank One, Utah, National Association
Jan 1, 1988	(unnamed)	—	MultiBank West
Jan 1, 1988	First Bank of Amarillo	TX	Boatmen's First National Bank of Amarillo
Jan 1, 1988	Dalton State Bank	NE	Points West Community Bank
Jan 1, 1988	Oneonta Federal Savings and Loan Association	NY	Astoria Bank
Jan 1, 1988	Comerica Bank-Troy	MI	Comerica Bank
Jan 1, 1988	First Financial Bank Federal Savings Bank	LA	Regions Bank of Louisiana
Jan 1, 1988	Key Bank of Northern New York National Association	NY	Key Bank of Central New York, National Association
Jan 1, 1988	Gibson Federal Savings and Loan Association	IL	Champion Federal Savings and Loan Association
Jan 1, 1988	Utah Furniture Association Credit Union	UT	Granite Federal Credit Union
Jan 1, 1988	Southeast Bank of Chipley	FL	Southeast Bank, N.A.
Jan 1, 1988	Central State University Federal Credit Union	OH	Firstday Financial Federal Credit Union
Jan 1, 1988	Muncie Fire and Police Federal Credit Union	IN	Primetrust Financial Federal Credit Union
Jan 1, 1988	The First National Bank of Thomasboro	IL	Busey Bank
Jan 1, 1988	Hawkeye Bank & Trust of Mason City	IA	Liberty Bank & Trust
Jan 1, 1988	Pampa Cu	TX	Acfcu Federal Credit Union
Jan 1, 1988	Norstar Bank of Maine	ME	Fleet Bank of Maine
Jan 1, 1988	First Trust and Savings Bank of Bradley	IL	First of America Bank-Metro Southwest, National Association
Jan 1, 1988	First Midwest Bank/Hancock County, National Association	IL	First Bankers Trust Company, N.A.
Jan 1, 1988	Bay County Employees Federal Credit Union	MI	Financialedge Credit Union
Jan 1, 1988	Norwest Bank Bloomington, National Association	MN	Wells Fargo Bank Minnesota, National Association
Jan 1, 1988	Sigma Federal Credit Union	MA	Hingham Federal Credit Union
Jan 1, 1988	Comerica Bank-Warren, National Association	MI	Comerica Bank
Jan 1, 1988	Carlisle Building & Loan Association	PA	Waypoint Bank
Jan 1, 1988	Norwest Bank of East St. Paul, National Association	MN	Wells Fargo Bank Minnesota, National Association
Jan 1, 1988	University of Illinois at Chicago Credit Union	IL	Credit Union 1
Jan 1, 1988	The First National Bank of Dalton	GA	Wachovia Bank of Georgia, National Association
Jan 1, 1988	Norwest Bank Stillwater, National Association	MN	Wells Fargo Bank Minnesota, National Association
Jan 1, 1988	Southeast Bank of Perry, National Association	FL	Southeast Bank, N.A.
Jan 1, 1988	Unitex Cu	TX	Primeway Federal Credit Union
Jan 1, 1988	Spac East Cu	TX	4U Federal Credit Union
Jan 1, 1988	Comerica Bank-Metro East, National Association	MI	Comerica Bank
Jan 1, 1988	Sunrise Savings and Loan Association	WI	North Shore Bank
Jan 1, 1988	Brocks Federal Credit Union	CA	Safe 1 Credit Union
Jan 1, 1988	Waukesha Bearings Employees Credit Union	WI	Appletree Credit Union
Jan 1, 1988	Norwest Bank Midland, National Association	MN	Wells Fargo Bank Minnesota, National Association
Jan 1, 1988	D C a S R Chicago Credit Union	IL	Credit Union 1
Jan 1, 1988	Rock City Bank	IL	Mercantile Bank of Northern Illinois

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