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.
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 | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1998 | Citizen's Trust Company of Indiana, N.A. | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | Industrial Bank | — | Washington Mutual Bank |
| Dec 31, 1998 | The Trust Company | — | Gold Trust Company |
| Dec 31, 1998 | Bank of Vancouver | — | West Coast Bank |
| Dec 31, 1998 | Citizens Bank of Western Indiana | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | The Brown Bank | — | FLAG Bank |
| Dec 31, 1998 | Citizens Bank of Kentucky | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | The Commercial Bank | — | West Coast Bank |
| Dec 31, 1998 | Citizens Bank of Illinois, National Association | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | North American Trust Company | — | City National Bank |
| Dec 31, 1998 | Citizens Bank of Southern Indiana | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | Citizens Bank of Central Indiana | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | Centennial Bank | — | West Coast Bank |
| Dec 31, 1998 | The Citizens National Bank of Evansville | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | Community Bank of Naples, N.A. | — | First Gulf Bank, N.A. |
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 | Acquirer |
|---|---|---|
| Sep 4, 1998 | First Federal Savings Bank | Blackhawk Bank |
| Sep 2, 1998 | Bennett Pump Employees Federal Credit Union | First General Credit Union |
| Sep 1, 1998 | Kittitas Valley Bancorp | Pacific Northwest Bancorp |
| Sep 1, 1998 | Peoples Savings Financial Corporation | Emclaire Financial Corp |
| Sep 1, 1998 | Citizens Holding Corporation | Southwest Banks, Inc. |
| Sep 1, 1998 | Jefferson County Bancorp, Inc. | First American Bankshares, Inc. |
| Sep 1, 1998 | Village Bankshares, Inc. | Regions Financial Corporation |
| Sep 1, 1998 | Participants Trust Company | The Depository Trust Company |
| Sep 1, 1998 | Comsouth Bankshares, Inc. | Anchor Financial Corporation |
| Sep 1, 1998 | Bayerische Hypotheken- Und Wechsel-Bank Aktiengesellschaft | Unicredit Bank GmbH |
| Sep 1, 1998 | Saint Lawrence Parish Credit Union | Morris Community Credit Union |
| Sep 1, 1998 | Dakota Company, Inc. | Marquette Financial Companies |
| Sep 1, 1998 | M & M Financial Corporation | Anchor Financial Corporation |
| Sep 1, 1998 | Eagle Bank | Vectra Bank Colorado, National Association |
| Sep 1, 1998 | N.C.H. Community Credit Union, Inc. | Greater Cincinnati Credit Union, Inc. |
| Sep 1, 1998 | Stephenson Area Federal Credit Union | Integra First Federal Credit Union |
| Sep 1, 1998 | Pacific Commerce Bank | Scripps Bank |
| Sep 1, 1998 | Peoples Savings Bank | The Farmers National Bank of Emlenton |
| Sep 1, 1998 | Doehler Employees Federal Credit Union | Jeep Country Federal Credit Union |
| Sep 1, 1998 | First American Bank | First Bank & Trust |
| Sep 1, 1998 | Deposit Guaranty National Bank | First American National Bank |
| Sep 1, 1998 | Cheyenne Western Bank | First Community Bank |
| Sep 1, 1998 | Transflorida Bank | Union Planters Bank, National Association |
| Sep 1, 1998 | Eagle Holding Company | Val Cor Bancorporation, Inc. |
| Sep 1, 1998 | Community Bank Capital Corporation | Synovus Financial Corp. |
| Aug 31, 1998 | Marietta Memorial Hospital Employees Credit Union, Inc. | Southeastern Ohio Credit Union, Inc. |
| Aug 31, 1998 | Tappan Zee Financial, Inc. | U.S.B. Holding Co., Inc. |
| Aug 31, 1998 | Hub Financial Corporation | Glacier Bancorp, Inc. |
| Aug 31, 1998 | Trigg Bancorp, Inc. | Integra Bank Corporation |
| Aug 31, 1998 | Ambanc Corp. | Union Planters Holding Corporation |
| Aug 31, 1998 | Community First Financial, Inc. | Integra Bank Corporation |
| Aug 31, 1998 | Washington County Credit Union, Inc. | Southeastern Ohio Credit Union, Inc. |
| Aug 31, 1998 | Pioneer Federal Savings Bank | Central Bank & Trust Company |
| Aug 29, 1998 | Independent Bank | Vectra Bank Colorado, National Association |
| Aug 29, 1998 | Bainbridge National Bank | First Community Bank of Southwest Georgia |
| Aug 29, 1998 | First National Bank | Union Bank and Trust Company |
| Aug 29, 1998 | American National Bank of Sarpy County | American National Bank |
| Aug 29, 1998 | Kersey Bancorp, Inc. | Val Cor Bancorporation, Inc. |
| Aug 29, 1998 | Gibson Employees Federal Credit Union | Kemba Credit Union, Inc. |
| Aug 28, 1998 | State First National Bank | Regions Bank |
| Aug 28, 1998 | State First National Bank | Regions Bank |
| Aug 26, 1998 | First Petersburg Bancshares, Inc. | Vista Bancshares, Inc. |
| Aug 24, 1998 | First National Sylacauga Corporation | Frontier National Corporation |
| Aug 22, 1998 | Mercantile Bank of Eastern Iowa | Mercantile Bank MidWest |
| Aug 22, 1998 | South East Missouri Bank | Wood & Huston Bank |
| Aug 22, 1998 | The Fairbury State Bank | American National Bank |
| Aug 22, 1998 | The Dime Savings Bank of Wallingford | Lafayette American Bank |
| Aug 22, 1998 | (unnamed) | Bank of Illinois, National Association |
| Aug 22, 1998 | Trans Travel Inc. | U.S. Bank N.A. |
| Aug 22, 1998 | Trans Financial Mortgage Company Inc. | U.S. Bank N.A. |
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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