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 |
|---|---|---|
| Feb 9, 1998 | First Commercial Bank | First Bank of California |
| Feb 7, 1998 | The Caroline County Bank | Farmers Bank of Maryland |
| Feb 7, 1998 | Great Financial Bank, FSB | U.S. Bank N.A. |
| Feb 7, 1998 | Great Financial Corporation | Star Banc Corporation |
| Feb 7, 1998 | Fidelity Resources Company of Delaware, Inc. | Compass Bancorporation of Texas, Inc. |
| Feb 7, 1998 | Mount Sinai Baptist Church Federal Credit Union | Concord Federal Credit Union |
| Feb 7, 1998 | Fidelity Resources Company | Compass Banks of Texas, Inc. |
| Feb 7, 1998 | Fidelity Bank, National Association | Compass Bank |
| Feb 6, 1998 | Security National Bank & Trust Company of New Jersey | Hudson United Bank |
| Feb 6, 1998 | Asb Bancshares, Inc. | The Colonial Bancgroup, Inc. |
| Feb 6, 1998 | Bank of Morgan County | Regions Bank |
| Feb 6, 1998 | Fiduciary Investment Company of New Jersey | Hudson United Bancorp |
| Feb 6, 1998 | Ashville Savings Bank | Colonial Bank |
| Feb 6, 1998 | The Bank of Millen | Regions Bank |
| Feb 3, 1998 | United American Holding Corporation | The Colonial Bancgroup, Inc. |
| Feb 2, 1998 | First Commercial Bancorp, Inc. | First Banks America, Inc. |
| Feb 2, 1998 | V a C Credit Union | Members Credit Union |
| Feb 2, 1998 | Jarrett/aim Communications, Inc. | City National Bank of West Virginia |
| Feb 2, 1998 | Pacific Bay Bank | First Bank of California |
| Feb 2, 1998 | Regions Bank | Regions Bank |
| Feb 2, 1998 | Rio Grande Bancshares, Inc. | First Security Corporation |
| Feb 2, 1998 | Horizon Bancorp, Inc. | Ameribanc, Inc. |
| Feb 2, 1998 | LaSalle Bank NI | LaSalle Bank National Association |
| Feb 2, 1998 | United Bankshares, Inc. | Mellon Financial Corporation |
| Feb 2, 1998 | (unnamed) | State Bank Financial |
| Feb 1, 1998 | Pea River Capital Corporation | Henderson Bancshares, Inc. |
| Feb 1, 1998 | First Citizens Bancshares Company | National Commerce Community Bancorp, Inc. I |
| Feb 1, 1998 | Opelousas General Hospital Credit Union | Pelican Credit Union |
| Feb 1, 1998 | City Link Federal Credit Union | Firefighters Community Cu |
| Feb 1, 1998 | National City Bank of Dayton | National City Bank |
| Feb 1, 1998 | Glacier Bank Federal Savings Bank | Glacier Bank |
| Feb 1, 1998 | Youngstown Federal Employees Credit Union, Inc. | Buckeye State Credit Union, Inc. |
| Feb 1, 1998 | ArgentBank | Capital One, N.A. |
| Feb 1, 1998 | Rockford C I E and G Company Employees Federal Credit Union | First Northern Credit Union |
| Feb 1, 1998 | National City Bank of Columbus | National City Bank |
| Jan 31, 1998 | First Southern Bancshares, Inc. | Citizens Bancshares Corporation |
| Jan 31, 1998 | The Bank of East Texas, S.S.B. | Commercial Bank of Texas, N.A. |
| Jan 31, 1998 | First United National Bank and Trust Company | Commercial Federal Bank, a Federal Savings Bank |
| Jan 31, 1998 | Northeast Montana Bank Shares, Inc. | Montana Security, Inc. |
| Jan 31, 1998 | Community Bank | Community Bank |
| Jan 31, 1998 | First Southern Bank | Citizens Trust Bank |
| Jan 30, 1998 | West University Bank, N.A. | Compass Bank |
| Jan 30, 1998 | Kansas State Bank | Prospect Bank |
| Jan 30, 1998 | Valley Savings Bank, FSB | First Federal Savings Bank of Iowa |
| Jan 30, 1998 | Veis Bankshares, Incorporated | Northeast Montana Bank Shares, Inc. |
| Jan 30, 1998 | First University Corporation | Compass Texas Acquisition Corp. |
| Jan 30, 1998 | First of America Bank - Florida, FSB | SouthTrust Bank |
| Jan 29, 1998 | Coal City National Bank | Centrue Bank |
| Jan 28, 1998 | Wilmington Teachers Federal Credit Union | Edu Federal Credit Union |
| Jan 28, 1998 | Sentry Bancorp, Inc. | F & M Merger Corporation |
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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