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 |
|---|---|---|
| Nov 16, 1988 | Alliance Bank, N.A. | First National Bank |
| Nov 16, 1988 | Bishop College Cu | Good Street Baptist Church Federal Credit Union |
| Nov 16, 1988 | Bur-Ken Federal Credit Union | Allegheny Valley Federal Credit Union |
| Nov 15, 1988 | Savers Holdings, Incorporated | The Bank of Baltimore |
| Nov 15, 1988 | Ila Corpus Federal Credit Union | Homeport Federal Credit Union |
| Nov 15, 1988 | State Bank of Darfur | Westbrook-Darfur State Bank |
| Nov 14, 1988 | Boatmen's Bank of Independence | Nationsbank, National Association (Mid-West) |
| Nov 14, 1988 | Boatmen's Bank of Excelsior Springs | Nationsbank, National Association (Mid-West) |
| Nov 14, 1988 | Boatmen's Bank of Lee's Summit | Nationsbank, National Association (Mid-West) |
| Nov 14, 1988 | Boatmen's North Hills Bank | Nationsbank, National Association (Mid-West) |
| Nov 14, 1988 | First Interstate Bank of Marble Falls | Wells Fargo Bank Texas, National Association |
| Nov 14, 1988 | Boatmen's Bank of Belton | Nationsbank, National Association (Mid-West) |
| Nov 14, 1988 | First Interstate Bank of Angleton, National Association | Wells Fargo Bank Texas, National Association |
| Nov 14, 1988 | First Interstate Bank of North Austin | Wells Fargo Bank Texas, National Association |
| Nov 14, 1988 | North East Federal Savings & Loan Association | Prime Bank |
| Nov 14, 1988 | First Interstate Bank of Austin | Wells Fargo Bank Texas, National Association |
| Nov 14, 1988 | First Interstate Bank of Rockport | Wells Fargo Bank Texas, National Association |
| Nov 14, 1988 | First Interstate Bank of Fort Bend | Wells Fargo Bank Texas, National Association |
| Nov 14, 1988 | First Interstate Bank of Beaumont, National Association | Wells Fargo Bank Texas, National Association |
| Nov 14, 1988 | Wyoming National Bank Casper West | Wells Fargo Bank Wyoming, National Association |
| Nov 14, 1988 | First Interstate Bank of North San Antonio | Wells Fargo Bank Texas, National Association |
| Nov 14, 1988 | First Interstate Bank of South Austin | Wells Fargo Bank Texas, National Association |
| Nov 14, 1988 | Boatmen's Raytown Bank | Nationsbank, National Association (Mid-West) |
| Nov 14, 1988 | Wyoming National Bank Casper East | Wells Fargo Bank Wyoming, National Association |
| Nov 14, 1988 | Richland Banking Co. | Farmers State Bank |
| Nov 14, 1988 | First Interstate Bank of Northwest San Antonio, National Association | Wells Fargo Bank Texas, National Association |
| Nov 14, 1988 | First Interstate Bank of Port Arthur | Wells Fargo Bank Texas, National Association |
| Nov 14, 1988 | First Interstate Bank of Conroe | Wells Fargo Bank Texas, National Association |
| Nov 12, 1988 | Utah State Credit Union | Mountain America Federal Credit Union |
| Nov 10, 1988 | Life Plan Credit Union | Financial Plus Credit Union |
| Nov 10, 1988 | Security Pacific Asian Banking Corporation, N.A. | Security Pacific Asian Bank, N.A. |
| Nov 9, 1988 | Offshore Fcu | Onpath Federal Credit Union |
| Nov 7, 1988 | M R Employees Federal Credit Union | Federal Mogul Employees Federal Credit Union |
| Nov 5, 1988 | Consumers Savings Bank | Bank of New England-Worcester |
| Nov 5, 1988 | Lincoln Federal Savings and Loan Association | Granite Bank, Federal Savings Bank |
| Nov 3, 1988 | Reliance Savings and Loan Association | CrossLand Savings, FSB |
| Nov 2, 1988 | LBC&W Employees Federal Credit Union | Carolina Foothills Federal Credit Union |
| Nov 1, 1988 | Standard Chartered Holdings, Inc. | MUFG Union Bank, National Association |
| Nov 1, 1988 | Security Capitol Building Corp | Valley Bank |
| Nov 1, 1988 | Union Bancorp | MUFG Union Bank, National Association |
| Nov 1, 1988 | A B E Credit Union | American Broadcast Employees Federal Credit Union |
| Nov 1, 1988 | (unnamed) | MUFG Union Bank, National Association |
| Nov 1, 1988 | Natco Empl Fcu | Onpath Federal Credit Union |
| Nov 1, 1988 | Hardin County State Bank | Area Bank |
| Nov 1, 1988 | Champlain Valley Credit Union | North Country Federal Credit Union |
| Nov 1, 1988 | GCC Employees Credit Union | South Carolina Federal Credit Union |
| Nov 1, 1988 | C F S Continental Employees Federal Credit Union | Alero Financial Credit Union |
| Nov 1, 1988 | First of America Bank-Belvidere | First of America Bank-Rockford, National Association |
| Nov 1, 1988 | Carnes Employees Credit Union | Heartland Credit Union |
| Nov 1, 1988 | The First National Bank of Grafton | (unnamed) |
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.
Explore: all mergers · 1988 bank events · browse by acquirer · bank failures · all events