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
0
Credit unions merged
NIC, credit unions as the acquired side
323
Holding companies
Bank holding companies merged
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 1, 1998 | Southtrust Asset Management Company of Georgia, N.A. | SouthTrust Bank |
| Jul 1, 1998 | Button Gwinnett Financial Corporation | Premier Bancshares, Inc. |
| Jul 1, 1998 | Medical Professions Federal Credit Union | Jefferson Community Federal Credit Union |
| Jul 1, 1998 | Southtrust Asset Management Company of Florida, N.A. | SouthTrust Bank |
| Jul 1, 1998 | Waverly Florida Credit Union | Midflorida Credit Union |
| Jul 1, 1998 | FirstBank of Illinois Co. | Ameribanc, Inc. |
| Jul 1, 1998 | Rappahannock Bankshares, Inc. | Atlantic Union Bankshares Corporation |
| Jul 1, 1998 | Upper Valley Bancorp, Inc. | First Liberty Bank Corp. |
| Jul 1, 1998 | Peoples Holding Corporation | Hibernia Corporation |
| Jul 1, 1998 | Western Bancshares of Las Cruces, Inc. | Community First Bankshares, Inc. |
| Jul 1, 1998 | Peoples First Corporation | Union Planters Holding Corporation |
| Jul 1, 1998 | CBT Corporation | Ameribanc, Inc. |
| Jul 1, 1998 | Magna Group, Inc. | Union Planters Holding Corporation |
| Jul 1, 1998 | Peoples Bancorp of Belleville, Inc. | Intra Financial Corp. |
| Jul 1, 1998 | Mop San Antonio Federal Credit Union | Select Federal Credit Union |
| Jul 1, 1998 | Boone County Federal Credit Union | First Northern Credit Union |
| Jul 1, 1998 | Rocky Mountain Credit Union | Wasatch Peaks Federal Credit Union |
| Jul 1, 1998 | Florida Ibew Federal Credit Union | Powernet Credit Union |
| Jul 1, 1998 | Poudre Valley Bank | Community First National Bank |
| Jul 1, 1998 | Graco Employees Credit Union | Anoka Hennepin Credit Union |
| Jul 1, 1998 | Cincinnati Coca Cola Federal Credit Union | Wright-Patt Credit Union, Inc. |
| Jul 1, 1998 | Beneficial Savings Bank, F.S.B. | Household Bank, F.S.B. |
| Jul 1, 1998 | Peoples Bank & Trust Company | Capital One, N.A. |
| Jul 1, 1998 | Community First National Bank | Community First National Bank |
| Jul 1, 1998 | Royal Bank | Royal Bank |
| Jul 1, 1998 | Health Care Federal Credit Union | Peoples Choice Federal Credit Union |
| Jul 1, 1998 | McArdle Employees Federal Credit Union | National Landing Federal Credit Union |
| Jul 1, 1998 | Inland Dairy Credit Union | Numerica Credit Union |
| Jul 1, 1998 | Minonk State Bank | Alpha Community Bank |
| Jul 1, 1998 | Maple Leaf Credit Union | Shuford Federal Credit Union |
| Jul 1, 1998 | Concora Credit Union | Members Credit Union |
| Jul 1, 1998 | Royal Bank | Royal Bank |
| Jul 1, 1998 | Wsaz Federal Credit Union | Metro Community Federal Credit Union |
| Jul 1, 1998 | Chicago Auto Employees Credit Union | Heights Auto Workers Credit Union |
| Jul 1, 1998 | El Toro Mcas Federal Credit Union | Wescom Central Credit Union |
| Jul 1, 1998 | Potter Employees Credit Union | Members Exchange Federal Credit Union |
| Jul 1, 1998 | Crossroads Credit Union | Land of Lincoln Credit Union |
| Jul 1, 1998 | Redemptorist Federal Credit Union | Credit Human Federal Credit Union |
| Jul 1, 1998 | PonceBank | Banco Bilbao Vizcaya Argentaria Puerto Rico |
| Jul 1, 1998 | First National Bank of Chaves County | First Security Bank of Southern New Mexico, National Association |
| Jul 1, 1998 | Vamc Employees Credit Union, Inc. | Greater Kentucky Credit Union, Inc. |
| Jul 1, 1998 | Lewistown Trust Company | The Juniata Valley Bank |
| Jul 1, 1998 | Community First National Bank | Community First National Bank |
| Jul 1, 1998 | Euclid Municipal Credit Union | Eaton Family Credit Union |
| Jul 1, 1998 | Morgan County Teachers Credit Union | Knoxville Tva Employees Credit Union |
| Jul 1, 1998 | Southwest Federal Savings and Loan Association of Chicago | Liberty Federal Bank |
| Jul 1, 1998 | Wichita Telco Fcu | Postel Family Credit Union |
| Jul 1, 1998 | The Citizens National Bank of Toluca | Alpha Community Bank |
| Jul 1, 1998 | Northwest Industries Credit Union | Rivermark Community Credit Union |
| Jul 1, 1998 | Beneficial National Bank | Household Bank, F.S.B. |
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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