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

Credit unions merged

NIC, credit unions as the acquired side

323

Holding companies

Bank holding companies merged

1,286

All merger records

1998 in US banking ›

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	State	Assets	Acquirer
Dec 31, 1998	Citizen's Trust Company of Indiana, N.A.	IN	—	Fifth Third Bank, Indiana
Dec 31, 1998	Industrial Bank	CA	—	Washington Mutual Bank
Dec 31, 1998	The Trust Company	MO	—	Gold Trust Company
Dec 31, 1998	Bank of Vancouver	WA	—	West Coast Bank
Dec 31, 1998	Citizens Bank of Western Indiana	IN	—	Fifth Third Bank, Indiana
Dec 31, 1998	The Brown Bank	GA	—	FLAG Bank
Dec 31, 1998	Citizens Bank of Kentucky	KY	—	Fifth Third Bank, Indiana
Dec 31, 1998	The Commercial Bank	OR	—	West Coast Bank
Dec 31, 1998	Citizens Bank of Illinois, National Association	IL	—	Fifth Third Bank, Indiana
Dec 31, 1998	North American Trust Company	CA	—	City National Bank
Dec 31, 1998	Citizens Bank of Southern Indiana	IN	—	Fifth Third Bank, Indiana
Dec 31, 1998	Citizens Bank of Central Indiana	IN	—	Fifth Third Bank, Indiana
Dec 31, 1998	Centennial Bank	WA	—	West Coast Bank
Dec 31, 1998	The Citizens National Bank of Evansville	IN	—	Fifth Third Bank, Indiana
Dec 31, 1998	Community Bank of Naples, N.A.	FL	—	First Gulf Bank, N.A.

Biggest bank failures by assets ›

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	State	Acquirer
Jun 15, 1998	Nickerson State Bank	KS	Peoples Bank and Trust Company
Jun 13, 1998	Horizon Bank	AR	Mercantile Bank of Arkansas National Association
Jun 13, 1998	North Pacific Bancorporation	WA	Heritage Financial Corporation
Jun 13, 1998	Bemtex Credit Union	IL	Redbrand Credit Union
Jun 12, 1998	Troy Hill Federal Savings Bank	PA	ESB Bank
Jun 12, 1998	Silsbee Delaware Corporation	DE	Texas Community Bancshares of Delaware, Inc.
Jun 12, 1998	Joachim Federal Savings and Loan Association	MO	First State Community Bank
Jun 12, 1998	Haymarket Co-operative Bank	MA	Century Bank and Trust Company
Jun 9, 1998	Silsbee Financial Corporation	TX	Southeast Texas Bancshares, Inc.
Jun 9, 1998	Lanier Bank & Trust Company	GA	Premier Bank
Jun 8, 1998	First Federal Savings Bank of Lynchburg	VA	One Valley Bank-Central Virginia, National Association
Jun 5, 1998	One Valley Thrift, Inc.	WV	One Valley Bancorp, Inc.
Jun 4, 1998	Osmose Employees Federal Credit Union	NY	Western Division Federal Credit Union
Jun 3, 1998	Westside Banco, Inc.	IA	Halbur Bancshares, Inc.
Jun 3, 1998	Morbark Employees Credit Union	MI	Isabella Community Credit Union
Jun 3, 1998	Cenit Bank	VA	CENIT Bank
Jun 1, 1998	CSB Bancorp	IN	German American Holdings Corporation
Jun 1, 1998	Community Trust Bank	IN	Citizens State Bank
Jun 1, 1998	Independence County Credit Union	AR	Telcoe Federal Credit Union
Jun 1, 1998	Gentelcoe Federal Credit Union	IA	Greenstate Credit Union
Jun 1, 1998	The Bank of Alexandria	VA	F & M Bank - Northern Virginia
Jun 1, 1998	Tri-County Bank	IL	Founders Bank
Jun 1, 1998	Smart & Final Federal Credit Union	CA	Wescom Central Credit Union
Jun 1, 1998	Mount Greenwood Bank	IL	Founders Bank
Jun 1, 1998	B & O Pittsburgh Division Federal Credit Union	PA	Chessie Federal Credit Union
Jun 1, 1998	Harman International Credit Union	TN	Leaders Credit Union
Jun 1, 1998	The Security Trust and Savings Bank	IA	Bank Iowa
Jun 1, 1998	Fitchburg Postal Employees Credit Union	MA	Workers Federal Credit Union
Jun 1, 1998	Belknap County Federal Employees Credit Union	NH	Members First Credit Union
Jun 1, 1998	FSB Bank	IN	Citizens State Bank
Jun 1, 1998	Security Credit Union	WI	Fort Community Credit Union
Jun 1, 1998	Local 500 I B E W Federal Credit Union	TX	City Public Service/ibew Federal Credit Union
Jun 1, 1998	New London Postal Employees Federal Credit Union	CT	New Haven Postal Employees Federal Credit Union
Jun 1, 1998	Middle Branch Credit Union	VT	White River Credit Union
Jun 1, 1998	FSB Financial Corporation	IN	German American Holdings Corporation
Jun 1, 1998	Camden Community Credit Union	NJ	First Harvest Federal Credit Union
Jun 1, 1998	Atlantic First Capital Fund, Inc.	WV	One Valley Bank, National Association
Jun 1, 1998	Atlantic Second Capital Fund, Inc.	WV	One Valley Bank, National Association
Jun 1, 1998	Victory Bank and Trust Company	TN	First American National Bank
Jun 1, 1998	The Jersey Bank for Savings	NJ	Interchange Bank
Jun 1, 1998	Security Bancshares, Inc.	IA	Bank Iowa Corporation
May 31, 1998	Orco Penn Federal Credit Union	PA	One Federal Credit Union
May 31, 1998	Illinois One Bancorp, Inc.	IL	Integra Bank Corporation
May 30, 1998	The Bank of Fort Atkinson	WI	Johnson Bank
May 30, 1998	SBT Bankshares, Inc.	CO	Val Cor Bancorporation, Inc.
May 30, 1998	MSB Bancorp, Inc.	NY	Hudson United Bancorp
May 30, 1998	Routt County National Bank Corporation	CO	Val Cor Bancorporation, Inc.
May 30, 1998	DNB Financial	CA	BYL Bancorp
May 30, 1998	Public Bank Corporation	FL	Alabama National Bancorporation
May 30, 1998	Wesbanco Bank Parkersburg	WV	Wesbanco Bank Parkersburg

Bank mergers by year

← 1997 · 1999 →

Year	Merger records
2026	360
2025	433
2024	314
2023	363
2022	432
2021	437
2020	437
2019	547
2018	643
2017	608
2016	655
2015	766

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