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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
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 5, 1988 Arnold State Bank NE Pinnacle Bank
Dec 5, 1988 First Bank of Columbia, National Association IL First Bank
Dec 5, 1988 Bank of the West TX Wells Fargo Bank Texas, National Association
Dec 5, 1988 The Mingo National Bank of Mingo Junction OH The Miners and Mechanics Savings and Trust Company
Dec 5, 1988 First Bank IL First Bank
Dec 5, 1988 Roodhouse National Bank IL First Bank
Dec 3, 1988 Viola Insurance Agency, Inc. WI Firsnabanco, Inc.
Dec 3, 1988 Farmers State Bank WI First National Bank in Viroqua
Dec 2, 1988 The First National Bank of Loysville PA CCNB Bank, National Association
Dec 2, 1988 First Bank MA Shawmut Arlington Trust Company
Dec 1, 1988 Key Bank of Southern Maine ME Keybank National Association
Dec 1, 1988 Village Banc Holding Co., Inc. WI M&I LLC
Dec 1, 1988 Aurora First National Bancorp IN Star Banc Corporation, Indiana
Dec 1, 1988 Greater Milwaukee Financial Corp. WI M&I LLC
Dec 1, 1988 Hartland Bancorp., Inc. WI M&I LLC
Dec 1, 1988 Commerce Bank of Lexington, National Association MO Commerce Bank
Dec 1, 1988 Commerce Bank of Harrisonville, N. A. MO Commerce Bank
Dec 1, 1988 Aurora U.S. Industrial Bank CO American Industrial Bank of Aurora
Dec 1, 1988 Dallas News Empl Cu TX Resource One Credit Union
Dec 1, 1988 Norwest Bank Owatonna, National Association MN Norwest Bank Minnesota South, N.A.
Dec 1, 1988 Cato Employees Federal Credit Union NC Alero Financial Credit Union
Dec 1, 1988 Austin Steel Cu TX Resource One Credit Union
Dec 1, 1988 JFK Federal Credit Union MA Tremont Credit Union
Dec 1, 1988 First National Bank in Galva IL Wells Fargo Bank Illinois, National Association
Dec 1, 1988 First State Bank of Edgerton WI M&I Bank South
Dec 1, 1988 Key Bank of Eastern Maine ME Keybank National Association
Dec 1, 1988 Signal Empl Cu TN Scenic Community Credit Union
Dec 1, 1988 Star Bank, National Association, Aurora IN Star Bank, National Association, Southeastern Indiana
Dec 1, 1988 Key Bank of Northern Maine ME Keybank National Association
Dec 1, 1988 Saint Marys Lorain Parish Federal Credit Union OH Lormet Community Federal Credit Union
Dec 1, 1988 The First National Bank of Maiden Rock WI Pierce County Bank and Trust Company
Dec 1, 1988 La Frey Fcu LA 705 Federal Credit Union
Dec 1, 1988 Ua Local 469 Credit Union AZ Arizona Central Credit Union
Dec 1, 1988 Leveranz Shoe Credit Union WI Sheboygan Area Credit Union
Dec 1, 1988 Town & Country Shoe Federal Credit Union MO Central Missouri Community Credit Union
Nov 30, 1988 United Bank of Belvidere IL First of America-North Central Illinois, National Association
Nov 29, 1988 American Security Company of Bedford, Incorporated IN National Processing Company
Nov 29, 1988 Riley Company, Inc. IN Merchants National Corporation
Nov 28, 1988 Pilot Point Bancshares Corporation TX Pilot Point Bancorp, Inc.
Nov 25, 1988 Bankcenter One MO Mark Twain Bank
Nov 23, 1988 Gsa No 3 Federal Credit Union DC Justice Federal Credit Union
Nov 23, 1988 Colorado Springs U.S. Industrial Bank CO American Industrial Bank, Inc
Nov 23, 1988 Pueblo U.S. Industrial Bank CO American Industrial Bank, Inc
Nov 22, 1988 Carver County Bancshares, Inc. MN Midamerica Bancshares, Inc.
Nov 21, 1988 Wyoming National Bank Cheyenne East WY Norwest Bank Wyoming Cheyenne, National Association
Nov 21, 1988 Naper Bank Bolingbrook IL Firstar Bank Illinois
Nov 21, 1988 (unnamed) — First Midwest Bank
Nov 19, 1988 Sunshine Bank of Fort Walton Beach FL Regions Bank of Florida
Nov 19, 1988 Clay County Bank TN DeKalb County Bank & Trust Company
Nov 17, 1988 Mutual Service Credit Union NC Truliant Federal Credit Union

Bank mergers by year

·

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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