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 3, 1998 | National Bancorp | CNB Bancshares, Inc. |
| Aug 1, 1998 | Glenwood Independent Bank | WestStar Bank |
| Aug 1, 1998 | Norwest National Bank | Wells Fargo Bank Minnesota, National Association |
| Aug 1, 1998 | Pioneer Financial Corporation | Central Bancshares, Inc. |
| Aug 1, 1998 | CBC Bancshares, Inc. | National Commerce Financial Corporation |
| Aug 1, 1998 | Carnegie Bancorp | Sovereign Bancorp, Inc. |
| Aug 1, 1998 | Independent Bankshares, Inc. | Vail Banks, Inc. |
| Aug 1, 1998 | Alvin Bancshares Delaware, Inc. | Union Planters Holding Corporation |
| Aug 1, 1998 | Keytrust Company N.A. | KeyBank N.A. |
| Aug 1, 1998 | Regent Bancshares Corp. | Jeffbanks, Inc. |
| Aug 1, 1998 | Hill Country Bank | Compass Bank |
| Aug 1, 1998 | Regent National Bank | Jefferson Bank |
| Aug 1, 1998 | International Bank of Singapore Limited | Overseas Union Bank Limited |
| Aug 1, 1998 | Carnegie Bank, National Association | Santander Bank, N.A. |
| Aug 1, 1998 | Alvin Bancshares, Inc. | Union Planters Holding Corporation |
| Aug 1, 1998 | First Commercial Corporation | Regions Financial Corporation |
| Aug 1, 1998 | Riverside County's Federal Credit Union | Altura Federal Credit Union |
| Aug 1, 1998 | Yellowstone Conference Federal Credit Union | Rocky Mountain Credit Union |
| Aug 1, 1998 | The Exchange Bank of Clyde, Clyde, Kansas | Peoples Exchange Bank |
| Aug 1, 1998 | The State Bank of Coloma | Chemical Bank Shoreline |
| Aug 1, 1998 | Victor Employees Credit Union | Pegasus Community Credit Union |
| Aug 1, 1998 | Amerus Bank | Commercial Federal Bank, a Federal Savings Bank |
| Aug 1, 1998 | C. Lee Cook Employees Credit Union | Tarcana Credit Union |
| Aug 1, 1998 | First Home Savings Bank, FSB | Santander Bank, N.A. |
| Aug 1, 1998 | LYN Telco Federal Credit Union | Member One Federal Credit Union |
| Aug 1, 1998 | First Community Bank | MainStreet Bank Central Virginia |
| Aug 1, 1998 | Heublein Employees Credit Union | Dutch Point Credit Union |
| Aug 1, 1998 | Regency Bank | MainStreet Bank Central Virginia |
| Aug 1, 1998 | Security State Bank | American State Bank |
| Aug 1, 1998 | Minnwest Bank Dawson | Minnwest Bank Central |
| Aug 1, 1998 | Pepto Makers Federal Credit Union | Greenville Federal Credit Union |
| Aug 1, 1998 | Union Planters Bank of Florida | Union Planters Bank, National Association |
| Aug 1, 1998 | R and S Employees Federal Credit Union | Landmark Credit Union |
| Aug 1, 1998 | Chino Valley Federal Credit Union | The Golden 1 Credit Union |
| Aug 1, 1998 | Boeing Company Monrovia Federal Credit Union | Wescom Central Credit Union |
| Aug 1, 1998 | First State Bank | City Bank |
| Aug 1, 1998 | Duck Hill Bank | Union Planters Bank, National Association |
| Aug 1, 1998 | Fajardo Federal Savings Bank | R-G Premier Bank of Puerto Rico |
| Jul 31, 1998 | Merchants Bancshares, Inc. | Union Planters Holding Corporation |
| Jul 31, 1998 | BHN Multibanco, S.A. | Citibank, N.A. |
| Jul 31, 1998 | Gulf Southwest Nevada Bancorp, Inc. | Union Planters Holding Corporation |
| Jul 31, 1998 | First National Bancshares of Wetumpka, I | Union Planters Holding Corporation |
| Jul 31, 1998 | Taylor Bancshares, Inc. | Frandsen Financial Corporation |
| Jul 31, 1998 | Exchange State Bancorporation, Inc. | Larch Bancorporation, Inc. |
| Jul 29, 1998 | Rock Creek Bancshares, Inc. | Western National Bank |
| Jul 29, 1998 | The Peoples National Bank and Trust Company of Burlington | Western National Bank |
| Jul 27, 1998 | FBS Merchant Banking Co. | U.S. Bancorp |
| Jul 27, 1998 | Pacific Century Capital Corporation | First Savings and Loan Association of America, a Federal Savings Association |
| Jul 24, 1998 | Palmetto Federal Savings Bank of South Carolina | Regions Bank |
| Jul 24, 1998 | Springhill Bancshares, Inc. | First Commercial Corporation |
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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