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
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 |
|---|---|---|
| Feb 28, 1998 | Banc One West Virginia Corporation | Bank One Corporation |
| Feb 28, 1998 | Tri-State Finance Corporation | Val Cor Bancorporation, Inc. |
| Feb 28, 1998 | Banc One Arizona Corporation | Bank One Corporation |
| Feb 28, 1998 | Westwood Savings Bank | Lakeview Savings Bank |
| Feb 28, 1998 | New Castle State Developmental Center Credit Union | Perfect Circle Credit Union |
| Feb 28, 1998 | P S Clifton Federal Credit Union | Metrex Federal Credit Union |
| Feb 28, 1998 | First National Bank of Glenwood | Hiawatha National Bank |
| Feb 28, 1998 | The Hibernia Savings Bank | Eastern Bank |
| Feb 28, 1998 | Mid-Continent Federal Savings Bank | Commercial Federal Bank, a Federal Savings Bank |
| Feb 28, 1998 | Tri-State Bank | Vectra Bank Colorado, National Association |
| Feb 27, 1998 | South Platte Bancorp | Points West Community Bank |
| Feb 27, 1998 | Signet Trust Company | Wachovia Bank, N.A. |
| Feb 26, 1998 | First Union Corporation of New Jersey | Wachovia Corporation |
| Feb 26, 1998 | First Fidelity Incorporated | Wachovia Corporation |
| Feb 26, 1998 | First Fidelity Bank, National Association, New Jersey | Wachovia Bank, N.A. |
| Feb 24, 1998 | Norwich Financial Corp. | People's United Bank, National Association |
| Feb 24, 1998 | The Norwich Savings Society | People's United Bank, National Association |
| Feb 23, 1998 | Producers Savings Bank | Farmers Savings Bank |
| Feb 23, 1998 | McHenry State Bank | First Midwest Bank |
| Feb 21, 1998 | The North Cincinnati Savings Bank | Enterprise Federal Savings Bank |
| Feb 21, 1998 | Pana Federal Savings and Loan Association | Peoples Bank & Trust |
| Feb 20, 1998 | Brownsville National Bank | Texas State Bank |
| Feb 20, 1998 | Texas Bank and Trust of Brownsville | Texas State Bank |
| Feb 20, 1998 | BNB Bancshares, Inc. | Texas Regional Bancshares, Inc. |
| Feb 20, 1998 | Boatmen's Texas, Inc. | Nationsbank Texas Bancorporation, Inc. |
| Feb 20, 1998 | Brownsville Bancshares, Inc. | Texas Regional Bancshares, Inc. |
| Feb 20, 1998 | TB & T Bancshares, Inc. | BBVA Compass Bancshares, Inc. |
| Feb 20, 1998 | Raymondville Bancorp, Inc. | BBVA Compass Bancshares, Inc. |
| Feb 20, 1998 | Hendry County Bank | Florida Community Bank |
| Feb 20, 1998 | United American Bank of Central Florida | Colonial Bank |
| Feb 20, 1998 | Bank of Texas | Texas State Bank |
| Feb 20, 1998 | Boatmen's First National Bank of Amarillo | NationsBank of Texas, National Association |
| Feb 20, 1998 | First National Bank of Silsbee, Texas | First Bank and Trust |
| Feb 18, 1998 | Nationsbanc Mortgage Capital Corporation | NB Holdings Corporation |
| Feb 17, 1998 | Green Country Bank, FSB | Local America Bank of Tulsa, A Federal Savings Bank |
| Feb 17, 1998 | Saint Francis Hospital Employees Credit Union | Appletree Credit Union |
| Feb 14, 1998 | Liberty Bank & Trust | Commercial Federal Bank, a Federal Savings Bank |
| Feb 14, 1998 | Liberty Bank & Trust | Commercial Federal Bank, a Federal Savings Bank |
| Feb 14, 1998 | Liberty Bank and Trust | Commercial Federal Bank, a Federal Savings Bank |
| Feb 14, 1998 | Peoples First, F.S.B. | Union Planters Bank of Kentucky, National Association |
| Feb 14, 1998 | Liberty Bank & Trust | Commercial Federal Bank, a Federal Savings Bank |
| Feb 14, 1998 | Liberty Bank & Trust | Commercial Federal Bank, a Federal Savings Bank |
| Feb 14, 1998 | Liberty Bank and Trust, National Association | Commercial Federal Bank, a Federal Savings Bank |
| Feb 14, 1998 | Liberty Bank & Trust | Commercial Federal Bank, a Federal Savings Bank |
| Feb 14, 1998 | Liberty Bank and Trust | Commercial Federal Bank, a Federal Savings Bank |
| Feb 13, 1998 | Greenville Financial Corporation | Regions Financial Corporation |
| Feb 13, 1998 | South Florida Banking Corp. | The Colonial Bancgroup, Inc. |
| Feb 13, 1998 | First National Bank of Florida at Bonita Springs | Colonial Bank |
| Feb 12, 1998 | First Central Bank | Colonial Bank |
| Feb 10, 1998 | First Financial Corporation of Idabel | First National Security Company |
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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