Mergers by Year

Bank Mergers in 1998

The Federal Reserve's National Information Center (NIC) recorded 1,286 merger records involving a bank, credit union or bank holding company in 1998. 680 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 1,240 in 1997.

680

Banks acquired

1 bought by a credit union

Credit unions merged

NIC, credit unions as the acquired side

323

Holding companies

Bank holding companies merged

1,286

All merger records

1998 in US banking ›

Largest bank mergers of 1998

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, 1998	Citizen's Trust Company of Indiana, N.A.	IN	—	Fifth Third Bank, Indiana
Dec 31, 1998	Industrial Bank	CA	—	Washington Mutual Bank
Dec 31, 1998	The Trust Company	MO	—	Gold Trust Company
Dec 31, 1998	Bank of Vancouver	WA	—	West Coast Bank
Dec 31, 1998	Citizens Bank of Western Indiana	IN	—	Fifth Third Bank, Indiana
Dec 31, 1998	The Brown Bank	GA	—	FLAG Bank
Dec 31, 1998	Citizens Bank of Kentucky	KY	—	Fifth Third Bank, Indiana
Dec 31, 1998	The Commercial Bank	OR	—	West Coast Bank
Dec 31, 1998	Citizens Bank of Illinois, National Association	IL	—	Fifth Third Bank, Indiana
Dec 31, 1998	North American Trust Company	CA	—	City National Bank
Dec 31, 1998	Citizens Bank of Southern Indiana	IN	—	Fifth Third Bank, Indiana
Dec 31, 1998	Citizens Bank of Central Indiana	IN	—	Fifth Third Bank, Indiana
Dec 31, 1998	Centennial Bank	WA	—	West Coast Bank
Dec 31, 1998	The Citizens National Bank of Evansville	IN	—	Fifth Third Bank, Indiana
Dec 31, 1998	Community Bank of Naples, N.A.	FL	—	First Gulf Bank, N.A.

Biggest bank failures by assets ›

Every merger recorded in 1998

1,286 NIC merger records in 1998 involve a bank, credit union or bank holding company on at least one side, newest first.

Date	Acquired institution	State	Acquirer
Dec 31, 1998	The Citizens National Bank of Evansville	IN	Fifth Third Bank, Indiana
Dec 31, 1998	Community Trust Bank of West Virginia, National Association	WV	Community Trust Bank, Inc.
Dec 31, 1998	Cornerstone Northwest Mortgage, Inc.	WA	Pacific Northwest Bank
Dec 31, 1998	Community Bank of Naples, N.A.	FL	First Gulf Bank, N.A.
Dec 31, 1998	Citizen's Trust Company of Indiana, N.A.	IN	Fifth Third Bank, Indiana
Dec 31, 1998	Allegiant Mortgage Company	MO	Allegiant Bank
Dec 31, 1998	Sedalia Computer Services, Inc.	MO	The Union Savings Bank
Dec 31, 1998	Bank of Vancouver	WA	West Coast Bank
Dec 31, 1998	North American Trust Company	CA	City National Bank
Dec 31, 1998	Langdon Bank Holding Company	ND	Walhalla Bank Holding Company
Dec 31, 1998	The Trust Company	MO	Gold Trust Company
Dec 31, 1998	Conrad Bancorporation	IA	Central Iowa Bancorporation, Inc.
Dec 31, 1998	FSB, Inc.	TN	Union Planters Holding Corporation
Dec 31, 1998	Saint James Bancorporation, Inc.	LA	Regions Financial Corporation
Dec 31, 1998	Laplace Bancshares, Inc.	LA	Union Planters Holding Corporation
Dec 31, 1998	Horizon Bancorp, Inc.	WV	City Holding Company
Dec 31, 1998	Southeast Bancorp, Inc.	KY	Union Planters Holding Corporation
Dec 31, 1998	Southwest National Corporation	PA	First Commonwealth Financial Corporation
Dec 31, 1998	Paola - Citizens Bancshares, Inc.	KS	Citizens State Bank
Dec 31, 1998	Exchange Bancshares, Inc.	OK	Skiatook Bancshares, Inc.
Dec 31, 1998	Evergreen Bancorp, Inc.	NY	Banknorth Group, Inc.
Dec 31, 1998	Pacific Capital Bancorp	CA	Pacific Capital Bancorp
Dec 31, 1998	PNB Financial Group	CA	Western Bancorp
Dec 31, 1998	Providence Federal Credit Union	OH	Faith Community United Credit Union Inc.
Dec 31, 1998	The Commercial Bank	OR	West Coast Bank
Dec 31, 1998	Lanco Credit Union	AL	Azalea City Credit Union
Dec 31, 1998	Industrial Bank	CA	Washington Mutual Bank
Dec 31, 1998	Citizens Bank of Western Indiana	IN	Fifth Third Bank, Indiana
Dec 31, 1998	The Brown Bank	GA	FLAG Bank
Dec 31, 1998	Centennial Bank	WA	West Coast Bank
Dec 31, 1998	Citizens Bank of Central Indiana	IN	Fifth Third Bank, Indiana
Dec 31, 1998	Citizens Bank of Kentucky	KY	Fifth Third Bank, Indiana
Dec 31, 1998	Citizens Bank of Illinois, National Association	IL	Fifth Third Bank, Indiana
Dec 31, 1998	Citizens Bank of Southern Indiana	IN	Fifth Third Bank, Indiana
Dec 30, 1998	Greene Bancorporation	IA	Lincoln Bancorp
Dec 30, 1998	Garwin Bancorporation	IA	Lincoln Bancorp
Dec 30, 1998	Plainview National Bank	NE	Midwest Bank
Dec 30, 1998	The Farmers National Bank in Pilger	NE	Midwest Bank
Dec 30, 1998	The American National Bank of Creighton	NE	Midwest Bank
Dec 30, 1998	First Community Bank-FCB	MO	First Community Bank
Dec 30, 1998	The Nebraska Security Bank	NE	Midwest Bank
Dec 29, 1998	Banc One Indiana Corporation	IN	Bank One Corporation
Dec 29, 1998	First Security Bank of Belgrade	MT	First Security Bank
Dec 29, 1998	Northern Illinois Bancorp, Inc.	IL	First American Bank Corporation
Dec 29, 1998	Employees of Imperial Federal Credit Union	NY	GP Community Federal Credit Union
Dec 28, 1998	The Century National Bank and Trust Company	PA	Sky Bank
Dec 24, 1998	Belmont Associates, Inc.	MA	Provident Bank
Dec 24, 1998	Monarch Bank, FSB	NJ	Provident Bank
Dec 22, 1998	Paola-Citizens Investment Company, Inc.	KS	Citizens State Bank
Dec 22, 1998	American Coil Spring Employees Federal Credit Union	MI	Service 1 Federal Credit Union

Bank mergers by year

← 1997 · 1999 →

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 · 1998 bank events · browse by acquirer · bank failures · all events