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 |
|---|---|---|
| Aug 22, 1998 | Dime Financial Corporation | Hudson United Bancorp |
| Aug 22, 1998 | Trans Financial Bank Tennessee, N.A. | U.S. Bank N.A. |
| Aug 22, 1998 | Trans Financial, Inc. | Star Banc Corporation |
| Aug 22, 1998 | The First National Bancorp of Greenville, Inc. | Whitney Holding Corporation |
| Aug 22, 1998 | Trans Financial Bank, N.A. | U.S. Bank N.A. |
| Aug 22, 1998 | NationsBank of Kentucky, National Association | First City Bank and Trust Company |
| Aug 22, 1998 | Humble National Bank | Sterling Bank |
| Aug 21, 1998 | The Security Bank & Trust Company | BancFirst |
| Aug 21, 1998 | Enfin, Inc. | Second Bancorp, Incorporated |
| Aug 21, 1998 | Enterprise Bank | The Second National Bank of Warren |
| Aug 21, 1998 | Elmore County Bancshares, Inc. | The Peoples Banctrust Company, Inc. |
| Aug 21, 1998 | The Bank of Tallassee | The Peoples Bank & Trust Company |
| Aug 21, 1998 | (unnamed) | Communityamerica Federal Credit Union |
| Aug 19, 1998 | Palos Verdes Schools Federal Credit Union | South Bay Credit Union |
| Aug 17, 1998 | First Allegiance Mortgage, Inc. | First American Bank |
| Aug 15, 1998 | Life Savings Bank, FSB | Branch Banking and Trust Company of Virginia |
| Aug 15, 1998 | Ibs Financial Corp. | Hudson United Bancorp |
| Aug 15, 1998 | Community Financial Holding Corporation | Hudson United Bancorp |
| Aug 15, 1998 | Bank of South Windsor | New England Bank and Trust Company |
| Aug 15, 1998 | The Community National Bank of New Jersey | Hudson United Bank |
| Aug 15, 1998 | Inter-Boro Savings and Loan Association | Hudson United Bank |
| Aug 15, 1998 | Citizens Federal Bank, F.S.B., a Federal Savings Bank | (unnamed) |
| Aug 15, 1998 | Joint Services Federal Credit Union | Navy Federal Credit Union |
| Aug 15, 1998 | California United Bank | Pacific Century Bank, N.A. |
| Aug 15, 1998 | First Federal Bank of Colorado | Commercial Federal Bank, a Federal Savings Bank |
| Aug 14, 1998 | Am Data, Inc. | American National Bank |
| Aug 14, 1998 | First Commercial Bank, National Association of Memphis | Regions Bank |
| Aug 14, 1998 | Woburn National Bank | Citizens Bank of Massachusetts |
| Aug 14, 1998 | Citizens First Bank | Regions Bank |
| Aug 13, 1998 | Commercial National Bank | Colonial Bank |
| Aug 13, 1998 | CNB Holding Company | The Colonial Bancgroup, Inc. |
| Aug 13, 1998 | Mentor Trust Company (Virginia) | Wachovia Bank, N.A. |
| Aug 13, 1998 | (unnamed) | First Republic Bank |
| Aug 13, 1998 | Mentor Trust Company (Pennsylvania) | Wachovia Bank, N.A. |
| Aug 11, 1998 | Premium Bank | E*trade Bank |
| Aug 10, 1998 | The Bank of the Southwest National Association | Wells Fargo Bank West, National Association |
| Aug 8, 1998 | The Peoples National Bank of Grayville | Integra Bank N.A. |
| Aug 8, 1998 | Hollandale Capital Corporation | Guaranty Capital Corporation |
| Aug 8, 1998 | Bank of Hollandale | Guaranty Bank and Trust Company |
| Aug 7, 1998 | Marine Bank | SouthTrust Bank |
| Aug 7, 1998 | Summit Bankshares, Inc. | One Valley Bancorp, Inc. |
| Aug 7, 1998 | Crossroads Bancshares, Inc. | Security Bank Corporation |
| Aug 7, 1998 | Guardian Bancorp | Community First Bankshares, Inc. |
| Aug 7, 1998 | NationsBank, National Association (Glenn County) | Bank of America, N.A. |
| Aug 7, 1998 | (unnamed) | First Bank |
| Aug 6, 1998 | Bank of Middleton | Union Planters Bank, National Association |
| Aug 6, 1998 | First Community Bancshares, Inc. | Union Planters Corporation |
| Aug 6, 1998 | Selmer Bank & Trust Company | Union Planters Bank, National Association |
| Aug 3, 1998 | Financial Services Corporation of the Midwest | Ameribanc, Inc. |
| Aug 3, 1998 | (unnamed) | Wells Fargo Bank West, National Association |
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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