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
May 4, 1998	Community First National Bank	CO	Community First National Bank
May 2, 1998	United Savings Bank, F.A.	MT	Heritage Bank, a Federal Savings Bank
May 1, 1998	Lawton Security Bancshares, Incorporated	OK	BancFirst Corporation
May 1, 1998	Magic Valley Memorial Hospital Credit Union	ID	Pioneer Federal Credit Union
May 1, 1998	Hca Federal Credit Union	NJ	Healthcare Employees Federal Credit Union
May 1, 1998	Pyramid Employees Credit Union	IL	Vamco Credit Union
May 1, 1998	Ebco Employees Credit Union, Inc.	OH	Kemba Financial Credit Union, Inc.
May 1, 1998	E.S.H. Employees Federal Credit Union	OK	Oklahoma's Federal Credit Union
May 1, 1998	Dolton-Riverdale Municipal Credit Union	IL	A C M E Continental Credit Union
May 1, 1998	Springfield Bell Credit Union	IL	Heartland Credit Union
May 1, 1998	Clewiston National Bank	FL	Big Lake National Bank
May 1, 1998	Great Western Thrift and Loan	UT	First Community Industrial Bank
May 1, 1998	Indiana Community Bank, SB	IN	Union Federal Bank of Indianapolis
May 1, 1998	First Community Bank	MO	First Community Bank
May 1, 1998	Kerns Bristol Employees Federal Credit Union	VA	Mountain Empire Federal Credit Union
May 1, 1998	Charter Financial, Inc.	IL	Magna Group, Inc.
May 1, 1998	BCB Financial Services Corporation	PA	Main Street Bancorp, Inc
May 1, 1998	P.T.C. Bancorp	IN	Mainsource Financial Group, Inc.
May 1, 1998	Heritage Bancorp, Inc.	PA	Main Street Bancorp, Inc
May 1, 1998	First Pennsylvania International Capital Corporation	PA	Wachovia Corporation
May 1, 1998	Deposit Guaranty Corp.	MS	First American Corporation
Apr 30, 1998	Banks of Iowa Capital Corporation	IA	Firstar Bank Iowa, National Association
Apr 29, 1998	First State Bank and Trust Company in Cordele	GA	Regions Bank
Apr 28, 1998	Corestates Financial Corp	PA	Wachovia Corporation
Apr 27, 1998	American Bank (Whitefish)	MT	American Bank
Apr 25, 1998	Meritrust Federal Savings Bank	LA	Whitney National Bank
Apr 25, 1998	Poughkeepsie Financial Corporation	NY	Hudson United Bancorp
Apr 25, 1998	Central and Southern Bank of North Georgia	GA	Premier Bank
Apr 24, 1998	Shady Oaks National Bank	TX	First State Bank of Texas
Apr 24, 1998	First State Bank & Trust Company	GA	Regions Bank
Apr 23, 1998	Ciba-Geigy Federal Credit Union	NJ	Ridgedale Federal Credit Union
Apr 22, 1998	First Federal Bank, FSB	IL	Norstates Bank
Apr 21, 1998	Cumberland Teachers Credit Union	TN	Meded Credit Union
Apr 18, 1998	United Bank	VA	United Bank
Apr 18, 1998	Florida International Bank	FL	TotalBank
Apr 18, 1998	Virginia First Savings, FSB	VA	Branch Banking and Trust Company of Virginia
Apr 18, 1998	Fidelity Federal Savings Bank	VA	Branch Banking and Trust Company of Virginia
Apr 18, 1998	Austin National Bank	TX	Citibank Texas, National Association
Apr 17, 1998	Guaranty State Bancorp	NC	Triangle Bancorp, Inc.
Apr 17, 1998	Pinnacle Financial Services, Inc.	MI	CNB Bancshares, Inc.
Apr 17, 1998	First Trust Company of North Dakota N.A.	ND	U.S. Bank National Association
Apr 17, 1998	Guaranty State Bank	NC	Triangle Bank
Apr 17, 1998	The National Bank of Carmi	IL	Old National Bank
Apr 16, 1998	Marcom Corporation	WV	City National Bank of West Virginia
Apr 16, 1998	California Community Bancshares Corporation	CA	Sierrawest Bancorp
Apr 16, 1998	Eagle Bank	CT	Webster Bank, N.A.
Apr 16, 1998	Continental Pacific Bank	CA	SierraWest Bank
Apr 13, 1998	Sterling Acquisition Company	OH	National City Corporation
Apr 13, 1998	Regions Bank, FSB	GA	Regions Bank
Apr 13, 1998	Merchants & Planters Bank	AL	The Peoples Bank & Trust Company

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