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
Apr 11, 1998	Citynet Corporation	WV	City National Bank of West Virginia
Apr 11, 1998	CFX Corporation	NH	TD Bank US Holding Company
Apr 11, 1998	Safety Fund National Bank	MA	Family Bank, National Association
Apr 11, 1998	CFX Bank	NH	Bank of New Hampshire, National Association
Apr 11, 1998	Orange Savings Bank	MA	Family Bank, National Association
Apr 6, 1998	First Banking Center-Albany	WI	First Banking Center
Apr 4, 1998	The Home Bank	NE	Security First Bank
Apr 3, 1998	Community Bancorp., Inc.	CO	Community First Bankshares, Inc.
Apr 3, 1998	F & M Bank-Keyser, Inc.	WV	F & M Bank-West Virginia, Inc.
Apr 3, 1998	F & M Bank - Martinsburg	WV	F & M Bank-West Virginia, Inc.
Apr 1, 1998	Peoples Bank of Virginia	VA	F & M Bank-Richmond
Apr 1, 1998	The Bank of Paden City	WV	WesBanco Bank, Inc.
Apr 1, 1998	CBG Holding Company, Inc.	WV	CBI Holding Company
Apr 1, 1998	Towne Bancorp, Inc.	WA	Banner Corporation
Apr 1, 1998	First USA Federal Savings Bank	DE	Bank One, National Association
Apr 1, 1998	Onbancorp, Inc.	NY	Olympia Financial Corp.
Apr 1, 1998	Wheeler County Bancshares, Inc.	TX	NBC Bancshares, Inc.
Apr 1, 1998	First of America Bank Corporation	MI	National City Corporation
Apr 1, 1998	Security Bancshares, Inc.	AR	Union Planters Holding Corporation
Apr 1, 1998	Deposit Guaranty Louisiana Corp.	LA	Deposit Guaranty Corp.
Apr 1, 1998	Bancshares of West Memphis, Inc.	AR	National Commerce Community Bancorp, Inc. II
Apr 1, 1998	Union Corporation	IL	Unionfinancial Services & Trust Company
Apr 1, 1998	Ameribank Bancshares, Inc.	FL	Wachovia Corporation
Apr 1, 1998	First State Corporation	GA	Regions Financial Corporation
Apr 1, 1998	Chippewa Valley Bancshares Inc.	OH	Wayne Bancorp, Inc.
Apr 1, 1998	Commercial Bancshares, Incorporated	WV	CBI Holding Company
Apr 1, 1998	Wes Mar Telco Federal Credit Union	MD	First Peoples Community Federal Credit Union
Apr 1, 1998	The Community Bank of Pennsboro, Inc.	WV	Wesbanco Bank Parkersburg
Apr 1, 1998	Farmers and Merchants Bank of Ritchie County	WV	Wesbanco Bank Parkersburg
Apr 1, 1998	Boulder Community Hospital Federal Credit Union	CO	Meritrust Credit Union
Apr 1, 1998	American Bank of Hollywood	FL	1st United Bank
Apr 1, 1998	OnBank & Trust Co.	NY	Manufacturers and Traders Trust Company
Apr 1, 1998	Texstar National Bank	TX	West Side Bank and Trust
Apr 1, 1998	Jackson County Bank, Inc.	WV	Wesbanco Bank Parkersburg
Apr 1, 1998	Latvian Church Credit Union, Inc.	OH	Latvian Cleveland Credit Union, Inc.
Apr 1, 1998	California State Employees Credit Union of San Jose	CA	Blupeak Federal Credit Union
Apr 1, 1998	Charlton Memorial Hospital Federal Credit Union	MA	Southcoast Federal Credit Union
Apr 1, 1998	Franklin First Savings Bank	PA	Manufacturers and Traders Trust Company
Apr 1, 1998	The Bank of McMechen	WV	WesBanco Bank, Inc.
Apr 1, 1998	Streator-Saint Marys Federal Credit Union	IL	Streator Onized Credit Union
Apr 1, 1998	Grinnell Federal Savings Bank	IA	Vantus Bank
Apr 1, 1998	First Bank & Trust	TX	National Bank of Commerce
Apr 1, 1998	Victory Bank of Nowata	OK	WestStar Bank
Apr 1, 1998	Cornerstone Credit Union	WI	Guardian Credit Union
Apr 1, 1998	Energy Family Credit Union	WI	Empower Credit Union
Apr 1, 1998	Central Valley Media Federal Credit Union	CA	Merced School Employees Federal Credit Union
Apr 1, 1998	Cuyahoga Heights School Employees Credit Union, Inc.	OH	Emerald Credit Union, Inc.
Apr 1, 1998	First State Bank	KS	Centera Bank
Apr 1, 1998	The Union State Bank	OH	Community First Bank & Trust
Apr 1, 1998	Anderson Community Hospital Federal Credit Union	IN	Indiana Members Credit Union

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