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
Dec 21, 1998	Bank of Sumner	WA	Frontier Bank
Dec 21, 1998	Valley Bancorporation	WA	Frontier Financial Corporation
Dec 21, 1998	Valley Community Bancorp	OR	Columbia Bancorp
Dec 21, 1998	(unnamed)	—	First Security Bank of California, N.A.
Dec 19, 1998	Pulse Savings Bank	NJ	First Savings Bank
Dec 19, 1998	Associated Banc-Shares, Inc.	WI	Associated Bank South Central
Dec 19, 1998	First Tennessee Bank National Association Mississippi	MS	First Horizon Bank
Dec 19, 1998	Citizens Bankshares, Inc.	WI	Associated Banc-Corp
Dec 19, 1998	Bank of Colorado-Front Range	CO	Bank of Colorado
Dec 18, 1998	First Southern National Bank of Wayne County	KY	First Southern National Bank
Dec 18, 1998	First Southern National Bank of the Bluegrass	KY	First Southern National Bank
Dec 18, 1998	First Southern National Bank of Madison County	KY	First Southern National Bank
Dec 18, 1998	First Federal Lincoln Bank-Iowa	IA	Tierone Bank
Dec 18, 1998	The Marine Bank	VA	Farmers & Merchants Bank - Eastern Shore
Dec 18, 1998	New England Joint Board Federal Credit Union	MA	Metro Credit Union
Dec 18, 1998	First Southern National Bank	KY	First Southern National Bank
Dec 18, 1998	Lakewood State Bank	CO	Union Bank & Trust
Dec 17, 1998	Remshave Federal Credit Union	CT	Sikorsky Financial Credit Union, Inc.
Dec 16, 1998	Bryan Bancorp of Georgia, Inc.	GA	The Savannah Bancorp, Inc.
Dec 16, 1998	Telluride Bancorp, Ltd.	CO	Vail Banks, Inc.
Dec 16, 1998	Susquehanna Bancshares West,inc	PA	Susquehanna Bancshares West,inc
Dec 16, 1998	Home Bancorp of Elgin, Inc.	IL	State Financial Services Corporation
Dec 15, 1998	Northwest Bancshares, Inc.	WA	U.S. Bancorp
Dec 14, 1998	Hinckley State Bank	IL	The Merchants National Bank of Aurora
Dec 14, 1998	Fox Valley Bank	IL	The Merchants National Bank of Aurora
Dec 14, 1998	Valley Banc Services Corp.	IL	Merchants Bancorp, Inc.
Dec 14, 1998	VBH Corp.	IL	Merchants Bancorp, Inc.
Dec 14, 1998	Peoples State Bancshares, Inc.	AL	Peoples State Group, Inc.
Dec 12, 1998	Mercantile Bank of Missouri Valley	MO	Firstar Bank Missouri, National Association
Dec 12, 1998	Comerica Bank & Trust, Federal Savings Bank	FL	Comerica Bank
Dec 12, 1998	First National Bank of Evergreen Park	IL	Fifth Third Bank
Dec 12, 1998	Mercantile Bank of Southeast Missouri	MO	Firstar Bank Missouri, National Association
Dec 12, 1998	Mercantile Bank of Western Missouri	MO	Firstar Bank Missouri, National Association
Dec 12, 1998	(unnamed)	—	Firstar Bank Missouri, National Association
Dec 12, 1998	Mercantile Bank of Northern Missouri	MO	Firstar Bank Missouri, National Association
Dec 12, 1998	Jefferson National Bank	TX	VeraBank, N.A.
Dec 12, 1998	Newberry Bank	FL	Republic Security Bank
Dec 12, 1998	Mercantile Bank of South Central Missouri	MO	Firstar Bank Missouri, National Association
Dec 12, 1998	Mercantile Bank of Central Missouri	MO	Firstar Bank Missouri, National Association
Dec 11, 1998	First American Bank of Indian River County	FL	SouthTrust Bank
Dec 11, 1998	Empire Bank Corp.	GA	Flag Financial Corporation
Dec 11, 1998	Farmers Bank, National Association	KY	Old National Bank
Dec 11, 1998	Bank of Crittenden	KY	Community First Bank of Kentucky
Dec 10, 1998	Security Financial Corp of Fredericksburg	TX	Security Holding Company
Dec 10, 1998	Citizens Bancorporation, Inc.	OK	Gold Banc Corporation, Inc.
Dec 10, 1998	SC Bancorp, Inc.	AZ	Founders Group, Inc.
Dec 10, 1998	Eagle Bancorp, Inc.	GA	Pab Bankshares, Inc.
Dec 10, 1998	Quinter Insurance Service, Inc.	KS	First National Bancshares, Inc.
Dec 10, 1998	The First National Bank of Quinter	KS	FNB Bank
Dec 8, 1998	American Bancshares of Arkansas, Inc.	AR	Simmons First National Corporation

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