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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
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
May 30, 1998 De Anza National Bank CA BYL Bank Group
May 30, 1998 State Bank and Trust of Colorado Springs CO Vectra Bank Colorado, National Association
May 30, 1998 First National Bank of Colorado CO Vectra Bank Colorado, National Association
May 30, 1998 Overton Bank and Trust, National Association TX Frost Bank
May 30, 1998 Perpetual Savings Bank, FSB IA Commercial Federal Bank, a Federal Savings Bank
May 30, 1998 MSB Bank NY Bank of the Hudson
May 30, 1998 Stock Yards Bank & Trust Company IN Stock Yards Bank & Trust Company
May 29, 1998 Vectra Bank CO Vectra Bank Colorado, National Association
May 28, 1998 Financial Management Service of Jefferson, Inc. WI F & M Merger Corporation
May 23, 1998 FP Bancorp, Inc. CA Zions Bancorporation
May 23, 1998 PremierBank & Trust OH Firstmerit Bank, National Association
May 23, 1998 Sunbelt National Bank TX Prime Bank
May 23, 1998 Cobancorp Inc. OH Firstmerit Corporation
May 23, 1998 Jefferson Savings Bank OH Firstmerit Bank, National Association
May 22, 1998 Rhode Island Hospital Trust National Bank RI Fleet National Bank
May 19, 1998 Arandell-Schmidt Employees Credit Union WI Focus Credit Union
May 18, 1998 The First National Bank of La Feria TX The Harlingen National Bank
May 17, 1998 Louisiana National Security Bank LA Whitney National Bank
May 16, 1998 Rancho Vista National Bank CA Bank of Commerce
May 16, 1998 Esb Bancorp, Inc. NC Southern Bank and Trust Company
May 16, 1998 Mercantile Bank of St. Joseph MO Firstar Bank, National Association
May 16, 1998 County Savings Bank OH The First National Bank of Zanesville
May 16, 1998 Norwest Bank New Mexico Northeast, National Association NM Wells Fargo Bank New Mexico, National Association
May 16, 1998 Mercantile Bank of North West Missouri MO Firstar Bank, National Association
May 16, 1998 Corestates Bank, National Association PA Wachovia Bank, N.A.
May 16, 1998 Enfield Savings Bank, Inc., SSB NC Southern Bank and Trust Company
May 16, 1998 The Madison National Bank MI Peoples State Bank
May 16, 1998 The Bellbrook Community Bank OH The First National Bank of Zanesville
May 15, 1998 Peterman State Bank AL The Monroe County Bank
May 15, 1998 Corestates Capital Corp. PA Wachovia Corporation
May 15, 1998 Mt. Erie State Bank IL First National Bank in Olney
May 13, 1998 Podi 3882 Federal Credit Union PA Keystone First Federal Credit Union
May 13, 1998 Century Financial Corporation PA SKY Financial Group, Inc.
May 13, 1998 Cityside Savings and Financial Services Company MN Wells Fargo Financial Acceptance, LLC
May 12, 1998 Compagnie Bancaire — Paribas
May 12, 1998 Compagnie De Navigation Mixte — Paribas
May 12, 1998 Compagnie Financiere De Paribas — Paribas
May 11, 1998 Regions Bank, National Association SC Regions Bank
May 11, 1998 Regions Bank, National Association SC Regions Bank
May 9, 1998 Goodyear Niagara Federal Credit Union NY Niagara's Choice Federal Credit Union
May 9, 1998 Pacific Rim Bancorporation CA Greater Bay Bancorp
May 9, 1998 Three Rivers Bancshares, Inc. GA Flag Financial Corporation
May 9, 1998 Cenfed Bank, a Federal Savings Bank CA Glendale Federal Bank, Federal Savings Bank
May 8, 1998 (unnamed) — F&M Bank-Darlington
May 8, 1998 Northeast Postal Federal Credit Union MA Metro Credit Union
May 7, 1998 Nationsbank Texas Bancorporation, Inc. NC NB Holdings Corporation
May 7, 1998 FNB, Inc. CO Community First Bankshares, Inc.
May 7, 1998 NationsBank of Texas, National Association TX Bank of America, N.A.
May 6, 1998 NCF Financial Corporation KY Your Community Bankshares, Inc.
May 4, 1998 San Angelo Trust Company, N.A. TX First Financial Bank, National Association

Bank mergers by year

·

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.

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