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.
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 | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1998 | Citizen's Trust Company of Indiana, N.A. | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | Industrial Bank | — | Washington Mutual Bank |
| Dec 31, 1998 | The Trust Company | — | Gold Trust Company |
| Dec 31, 1998 | Bank of Vancouver | — | West Coast Bank |
| Dec 31, 1998 | Citizens Bank of Western Indiana | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | The Brown Bank | — | FLAG Bank |
| Dec 31, 1998 | Citizens Bank of Kentucky | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | The Commercial Bank | — | West Coast Bank |
| Dec 31, 1998 | Citizens Bank of Illinois, National Association | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | North American Trust Company | — | City National Bank |
| Dec 31, 1998 | Citizens Bank of Southern Indiana | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | Citizens Bank of Central Indiana | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | Centennial Bank | — | West Coast Bank |
| Dec 31, 1998 | The Citizens National Bank of Evansville | — | Fifth Third Bank, Indiana |
| Dec 31, 1998 | Community Bank of Naples, N.A. | — | First Gulf Bank, N.A. |
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 | Acquirer |
|---|---|---|
| Apr 1, 1998 | Alt-Wood Credit Union | 1st Midamerica Credit Union |
| Apr 1, 1998 | The Dime Bank | Wesbanco Bank Parkersburg |
| Mar 31, 1998 | Blackhawk State Bank, S.B. | Blackhawk Bank |
| Mar 31, 1998 | Fort Wayne National Corporation | National City Corporation |
| Mar 31, 1998 | Middle Georgia Bancshares, Inc. | Flag Financial Corporation |
| Mar 31, 1998 | TWC Federal Credit Union | Telco Plus Credit Union |
| Mar 31, 1998 | Medical Center East Credit Union | Legacy Community Federal Credit Union |
| Mar 31, 1998 | Casc Corporation | SMBC Manubank |
| Mar 30, 1998 | South Dakota Bancorp, Inc. | Dakota Company, Inc. |
| Mar 30, 1998 | Ffva Financial Corporation | One Valley Bancorp, Inc. |
| Mar 30, 1998 | First Delaware Bancorp, Inc. | Delaware Financial, Inc. |
| Mar 30, 1998 | South Dakota Financial Bancorporation, Inc. | Dakota Company, Inc. |
| Mar 30, 1998 | Monmouth Financial Services, Inc. | Texas Financial Bancorporation, Inc. |
| Mar 30, 1998 | First Bancorp, Inc. | Texas Financial Bancorporation, Inc. |
| Mar 30, 1998 | First Republic Bancshares, Inc. | First United Bancshares, Inc. |
| Mar 30, 1998 | Citizens National Bancshares of Hope, Inc. | First United Bancshares, Inc. |
| Mar 28, 1998 | (unnamed) | First Commercial Bank, National Association of Memphis |
| Mar 28, 1998 | New York Bancorp, Inc. | North Fork Bancorporation, Inc. |
| Mar 28, 1998 | KW Bancshares, Inc | First Commercial Corporation |
| Mar 28, 1998 | Boatmen's Trust Company of Arkansas | Bank of America, N.A. |
| Mar 28, 1998 | Pee Dee Bankshares, Inc. | RBC Bancorporation (USA) |
| Mar 28, 1998 | Pee Dee State Bank | RBC Bank (USA) |
| Mar 28, 1998 | Lebanon Valley National Bank | Lebanon Valley Farmers Bank |
| Mar 28, 1998 | Home Federal Savings Bank | North Fork Bank |
| Mar 28, 1998 | Citizens Bank of Gwinnett | Premier Bank |
| Mar 27, 1998 | Keystone Heritage Group, Inc. | Fulton Financial Corporation |
| Mar 27, 1998 | First Savings and Loan Association of South Dakota, Inc. | Great Western Bank |
| Mar 26, 1998 | Gaylord Employees Credit Union | America's Credit Union |
| Mar 25, 1998 | St. Cloud Bancshares, Inc. | Hometown Bancorp, Ltd. |
| Mar 24, 1998 | Victory Bancshares, Inc. | Deposit Guaranty Corp. |
| Mar 24, 1998 | Murdock Florida Bank | Gold Bank |
| Mar 23, 1998 | First Bank of South Dakota (N.A.) | U.S. Bank N.A. ND |
| Mar 23, 1998 | Allied Bank of Georgia | Regions Bank |
| Mar 21, 1998 | Bank One, Quad Cities, National Association | Bank One Trust Company, N.A. |
| Mar 21, 1998 | The Provident Bank of Kentucky | The Provident Bank |
| Mar 21, 1998 | The Foxboro National Bank of Foxborough | Benjamin Franklin Bank |
| Mar 21, 1998 | Peoples Bank, National Association | Firstmerit Bank, National Association |
| Mar 21, 1998 | Peoples National Bank | Firstmerit Bank, National Association |
| Mar 21, 1998 | Packers Bank | Wells Fargo Bank Nebraska, National Association |
| Mar 21, 1998 | Citizens National Bank | Firstmerit Bank, National Association |
| Mar 20, 1998 | Jefferson National Bank | Wachovia Bank, National Association |
| Mar 20, 1998 | Key Florida Bancorp, Inc. | Regions Financial Corporation |
| Mar 20, 1998 | Saint Mary Holding Corporation | Regions Financial Corporation |
| Mar 20, 1998 | Associated Bank Portage, National Association | Associated Bank South Central |
| Mar 20, 1998 | Central Fidelity National Bank | Wachovia Bank, National Association |
| Mar 20, 1998 | Associated Bank Madison | Associated Bank South Central |
| Mar 20, 1998 | Associated Bank West Allis | Associated Bank Milwaukee |
| Mar 20, 1998 | Associated Bank Reedsburg | Associated Bank South Central |
| Mar 20, 1998 | (unnamed) | Associated Bank Chicago |
| Mar 17, 1998 | First Bank and Trust | First National Bank & Trust |
Bank mergers by year
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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