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	Empire of America FSB	FL	Empire Federal Savings Bank of America
Jan 1, 1988	First Community Bank, Inc.	WV	(unnamed)
Jan 1, 1988	Norwest Bank Calhoun-Isles, National Association	MN	Wells Fargo Bank Minnesota, National Association
Jan 1, 1988	Norwest Bank Camden, National Association	MN	Wells Fargo Bank Minnesota, National Association
Jan 1, 1988	(unnamed)	—	The Premier Bank of South Louisiana
Jan 1, 1988	Norwest Bank MetroWest, National Association	MN	Wells Fargo Bank Minnesota, National Association
Jan 1, 1988	First Interstate Insurance of Wisconsin	WI	Norwest Investments and Trust Co., Wisconsin
Jan 1, 1988	Houston Bancshares Inc	TX	First Banks America, Inc.
Jan 1, 1988	Midlantic Acquisition Corporation	NJ	Midlantic Banks Inc.
Jan 1, 1988	Columbia Bancorp, Inc.	SC	Resource Bancshares Corporation
Jan 1, 1988	Northeast Bancorporation, Inc.	MN	Southwest Bancorporation
Jan 1, 1988	FWNB Realty Inc	IN	Fort Wayne National Bank
Jan 1, 1988	One West Main Corporation	WI	M&I Bank of Southern Wisconsin
Jan 1, 1988	FMBS, Inc.	WV	One Valley Bancorp, Inc.
Jan 1, 1988	Clark County Bancorporation, Inc.	KY	First Security Affiliates, Inc.
Jan 1, 1988	First Nebraska Bancs, Inc.	NE	First Nebraska Bancs, Inc.
Jan 1, 1988	Burns Bancorporation, Inc.	MN	Ambank Holding Company of Colorado
Jan 1, 1988	Fab Banc Corporation, Inc.	MN	Ambank Holding Company of Colorado
Jan 1, 1988	Family Protective Life Insurance Company	OK	Bancoklahoma Corp.
Jan 1, 1988	Pacesetter Building Corporation	OK	Bancoklahoma Corp.
Jan 1, 1988	County Bancorp	NJ	Midlantic Banks Inc.
Jan 1, 1988	Norstar Bancorp Inc.	NY	Fleetboston Financial Corporation
Jan 1, 1988	York Bancorp, Inc.	PA	Continental Bancorp, Inc.
Jan 1, 1988	Mid Iowa, Inc.	IA	Mid-Iowa, Inc.
Jan 1, 1988	United Penn Corporation	PA	Continental Bancorp, Inc.

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