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 |
|---|---|---|
| Jul 24, 1998 | Suburban Federal Savings, a Federal Savings Bank | Citizens Financial Bank |
| Jul 24, 1998 | First State Bank | VeraBank, N.A. |
| Jul 23, 1998 | Nyack Hospital Employees Credit Union | Municipal Credit Union |
| Jul 21, 1998 | Somerset Savings Bank | USTrust |
| Jul 18, 1998 | Homebanc, A Federal Savings Bank | Mercantile Bank of Illinois |
| Jul 18, 1998 | Progressive Bank, Inc. | Premier National Bancorp, Inc. |
| Jul 18, 1998 | Pawling Savings Bank | Premier National Bank |
| Jul 18, 1998 | Mercantile Bank of Northern Illinois | Mercantile Bank of Illinois |
| Jul 18, 1998 | Black River Valley Employees Federal Credit Union | Northern Credit Union |
| Jul 17, 1998 | First National Bank of Chester | Sky Bank |
| Jul 17, 1998 | Ballston Bancorp, Inc. | MainStreet Financial Corporation |
| Jul 17, 1998 | Wesbanco Bank Barnesville | WesBanco Bank, Inc. |
| Jul 16, 1998 | Chisholm Bancshares, Inc. | M.I.F. Limited |
| Jul 13, 1998 | State Bank of Hanska | Alliance Bank |
| Jul 13, 1998 | Farmers State Bank of Huntley, Incorporated | Alliance Bank |
| Jul 11, 1998 | Miners Bank of Lykens | Mid Penn Bank |
| Jul 11, 1998 | Ici Employees Credit Union | Spruance Cellophane Credit Union |
| Jul 11, 1998 | Anchor Savings Bank, F.S.B. | Premier Community Bank of Florida |
| Jul 11, 1998 | Redlands Federal Bank, a Federal Savings Bank | Glendale Federal Bank, Federal Savings Bank |
| Jul 11, 1998 | Bank of Santa Maria | Mid-State Bank & Trust |
| Jul 10, 1998 | Bank of Inola | RCB Bank |
| Jul 10, 1998 | SUNWEST Bank of El Paso, National Association | Bank of America, N.A. |
| Jul 10, 1998 | Sunwest Texas, Inc | NB Holdings Corporation |
| Jul 10, 1998 | Worthen Financial Corporation | NB Holdings Corporation |
| Jul 10, 1998 | Firstserv, Inc. | FB Corporation |
| Jul 10, 1998 | Boatmen's National Bank of Austin | Bank of America, N.A. |
| Jul 9, 1998 | Canton Bancshares, Inc. | FMB Bankshares, Inc. |
| Jul 9, 1998 | Capital Savings Bancorp, Inc. | Union Planters Holding Corporation |
| Jul 9, 1998 | Capital Savings Bank, F.S.B. | Union Planters Bank, National Association |
| Jul 8, 1998 | Southern Ohio Community Bancorp. | United Bancorp, Inc. |
| Jul 8, 1998 | (unnamed) | Cibm Bank |
| Jul 7, 1998 | CB&T, Inc. | Union Planters Holding Corporation |
| Jul 7, 1998 | City Bank & Trust Company | Union Planters Bank, National Association |
| Jul 7, 1998 | Farmers & Merchants Bank | Union Planters Bank, National Association |
| Jul 7, 1998 | Merchants and Farmers Bank | Union Planters Bank, National Association |
| Jul 6, 1998 | West One Trust Company | U.S. Bank National Association |
| Jul 3, 1998 | Sterling Bank | The Pacific Bank, National Association |
| Jul 3, 1998 | Unifirst Federal Savings Bank | Republic Security Bank |
| Jul 3, 1998 | First Franklin Bancshares, Inc. | BankFirst Corporation |
| Jul 2, 1998 | Beverly Bancorporation, Inc. | St. Paul Bancorp, Inc. |
| Jul 2, 1998 | Chevron El Paso Federal Credit Union | Chevron Federal Credit Union |
| Jul 2, 1998 | Beverly National Bank | St Paul Federal Bank for Savings |
| Jul 2, 1998 | 1st United Bank | Wachovia Bank, National Association |
| Jul 2, 1998 | Heritage Financial Services, Inc. | First Midwest Bancorp, Inc. |
| Jul 2, 1998 | Franklin Bancorporation, Inc. | Truist Financial Corporation |
| Jul 2, 1998 | The Bank Holding Company | Premier Bancshares, Inc. |
| Jul 1, 1998 | Our Lady of Sorrows Parish Credit Union | St. Louis Community Credit Union |
| Jul 1, 1998 | HBC Acquisition Sub, Inc | Union Planters Holding Corporation |
| Jul 1, 1998 | Keybank National Association | KeyBank N.A. |
| Jul 1, 1998 | Southtrust Asset Management Company of the Carolinas, Inc. | SouthTrust 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.
Explore: all mergers · 1998 bank events · browse by acquirer · bank failures · all events