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 |
|---|---|---|
| Sep 30, 1988 | First Bancshares of Huntington, Inc. | Society Bancorp of Indiana, Inc. |
| Sep 30, 1988 | Comunicorp, Inc. | Community Financial System, Inc. |
| Sep 30, 1988 | State National Bancorp of Frankfort, Inc. | Whitaker Bancorp, Inc. |
| Sep 30, 1988 | First City Bank of Clear Lake | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | Sabine Bank | United Bank of Waco, N.A. |
| Sep 30, 1988 | Safety Federal Savings and Loan Association of Kansas City | Home Federal Savings of Kansas City |
| Sep 30, 1988 | First City Bank - Windsor Park | First City, Texas - San Antonio, N.A. |
| Sep 30, 1988 | (unnamed) | First City, Texas - San Antonio, N.A. |
| Sep 30, 1988 | First City Bank of Lancaster | First City, Texas - Dallas |
| Sep 30, 1988 | First City Bank - East Dallas | First City, Texas - Dallas |
| Sep 30, 1988 | First City Bank of Richardson | First City, Texas - Dallas |
| Sep 30, 1988 | First City Bank - Almeda Genoa | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First City Bank of Northline | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First National Bank | United Bank of Waco, N.A. |
| Sep 30, 1988 | First City Bank-Medical Center, National Association | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First City Bank of Humble | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First City Bank - Market Center, National Association | First City, Texas - Dallas |
| Sep 30, 1988 | First City Bank-Valley View | First City, Texas - Dallas |
| Sep 30, 1988 | First City Bank - Bear Creek | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First City National Bank in Grand Prairie | First City, Texas - Dallas |
| Sep 30, 1988 | Southwest Bank | United Bank of Waco, N.A. |
| Sep 30, 1988 | Amoco Texas Coast Fcu | Amoco Federal Credit Union |
| Sep 30, 1988 | Charter National Bank - Willowbrook | Charter National Bank-Colonial |
| Sep 30, 1988 | First City Bank-Westheimer, N.A. | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First City Bank of Garland, National Association | First City, Texas - Dallas |
| Sep 30, 1988 | First City Bank-Northwest Hills, National Association | First City, Texas - Austin, N.A. |
| Sep 30, 1988 | First City Bank - Inwood Forest, National Association | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First of America Bank-Michigan City | First of America Bank - Northwest Indiana, National Association |
| Sep 30, 1988 | OMNIBANC North Belt, National Association | OMNIBANK, National Association |
| Sep 30, 1988 | First City Bank - Fondren South | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First City Bank-Central | First City, Texas - Beaumont, N.A. |
| Sep 30, 1988 | First City Bank-Gateway, National Association | First City, Texas - Beaumont, N.A. |
| Sep 30, 1988 | First City Bank-Westwood, National Association | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First City Bank of Highland Village | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First City Bank-Westheimer Plaza, National Association | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First City Bank - Northchase, National Association | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First City Bank - North Belt, National Association | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First City Bank-Northeast, N. A. | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First City Bank - Gulfgate | First City, Texas - Houston, N.A. |
| Sep 30, 1988 | First City Bank - Bellaire, N.A. | First City, Texas - Houston, N.A. |
| Sep 29, 1988 | Alamo Express Federal Credit Union | E M O T Federal Credit Union |
| Sep 29, 1988 | Dana Detroit Employees Credit Union | Motor City Co-Op Credit Union |
| Sep 28, 1988 | Gibson Indianapolis Employees Federal Credit Union | Indiana Members Credit Union |
| Sep 26, 1988 | South Ridge Bank, Inc. | West Gate Bank |
| Sep 24, 1988 | SouthTrust Bank of Arab | SouthTrust Bank of Marshall County, National Association |
| Sep 24, 1988 | Citizens National Bank of Southington | First Union Bank of Connecticut |
| Sep 24, 1988 | The Frankton Savings and Loan Association | Union Federal Savings Bank of Frankton |
| Sep 24, 1988 | First Bank of Channahon | Merchants and Manufacturers Bank |
| Sep 24, 1988 | The Bank of Ashippun | F&M Bank of Slinger |
| Sep 24, 1988 | Merchants and Southern Bank of Clay County | Merchants & Southern Bank |
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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