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
Jan 28, 1998	Kansas Banc Corporation	IL	Kansas State Bank
Jan 27, 1998	Santa Monica Bank	CA	Santa Monica Bank
Jan 24, 1998	Valley National Bank of Cortez	CO	Vectra Bank Colorado, National Association
Jan 24, 1998	SKY Valley Bank Corp.	CO	Val Cor Bancorporation, Inc.
Jan 24, 1998	Firstar Corporation of Iowa	WI	Firstar Holdings Corporation
Jan 24, 1998	Firstar Corporation of Wisconsin	WI	Firstar Holdings Corporation
Jan 24, 1998	Firstar Corporation of Minnesota	WI	Firstar Holdings Corporation
Jan 24, 1998	The Citizens State Bank	IA	Community State Bank
Jan 24, 1998	Consumer Savings Bank	FL	BankUnited, FSB
Jan 23, 1998	Boatmen's Trust Company of Illinois	IL	Bank of America, N.A.
Jan 23, 1998	Los Angeles C.S.O. Credit Union	CA	Rize Federal Credit Union
Jan 21, 1998	Greenwood's Investment Corporpation	WI	Bank CMG
Jan 20, 1998	INSOUTH Bank of Covington	TN	Insouth Bank
Jan 20, 1998	INSOUTH Bank of Shelby County	TN	Insouth Bank
Jan 20, 1998	Midsouth Bancshares, Inc.	TN	Independent Southern Bancshares, Inc.
Jan 17, 1998	Citizens National Bank and Trust Company	FL	Mercantile Bank
Jan 16, 1998	Pinnacle Bancshares, Incorporated	IL	Pioneer State Bank
Jan 16, 1998	Covenant Bank	NJ	First Fidelity Bank, National Association, New Jersey
Jan 16, 1998	Puget Sound Bancorp, Inc.	WA	Pacific Northwest Bancorp
Jan 16, 1998	Covenant Bancorp, Inc.	NJ	Wachovia Corporation
Jan 16, 1998	G.S.B. Investments, Inc.	FL	BBVA USA Bancshares, Inc.
Jan 16, 1998	Lesernal Corporation	WI	Citizens Savings Bank
Jan 16, 1998	Sun World, National Association	NM	Bank of America, N.A.
Jan 16, 1998	Gainesville State Bank	FL	BBVA USA
Jan 16, 1998	First Merchants Bank	GA	Farmers & Merchants Bank
Jan 16, 1998	P.N.B. Financial Corporation	OK	Countrybanc Holding Company
Jan 10, 1998	Harbor Bank	CA	City National Bank
Jan 10, 1998	Harbor Bancorp	CA	City National Corporation
Jan 9, 1998	The Bank of Southington	CT	Lafayette American Bank
Jan 9, 1998	Security National Bank of Superior	NE	Farmers and Merchants Bank
Jan 9, 1998	United Security Bancorporation	NE	Country Bank Shares, Inc.
Jan 9, 1998	Barnett Banks, Inc.	FL	NB Holdings Corporation
Jan 8, 1998	Germantown Federal Savings Bank	OH	First FSB of Washington Court House
Jan 7, 1998	Vectra Banking Corporation	CO	Zions Bancorporation
Jan 6, 1998	B.C.E.E. Federal Credit Union	KY	Members Choice Credit Union
Jan 5, 1998	Investors Banking Corporation	CA	VRB Bancorp
Jan 5, 1998	Wadsworth Federal Credit Union	OH	Genfed Financial Credit Union, Inc.
Jan 5, 1998	Colonial Banking Company	OR	Valley of the Rogue Bank
Jan 3, 1998	Harrisburg Bancshares (Nevada), Inc.	NV	The New Galveston Company
Jan 3, 1998	Harrisburg Bank, Houston, Texas	TX	Frost Bank
Jan 3, 1998	Harrisburg Bancshares, Inc.	TX	Cullen/frost Bankers, Inc.
Jan 2, 1998	Fifth Third Bank of Northeastern Ohio	OH	Fifth Third Bank, Northwestern Ohio, National Association
Jan 2, 1998	Whitney National Bank of Florida	FL	Whitney National Bank
Jan 2, 1998	Omni Financial Corporation	IL	The Banc Ed Corp.
Jan 2, 1998	Eurekabank, a Federal Savings Bank	CA	Bay View Bank, N.A.
Jan 1, 1998	The Bank of Goodlettsville	TN	Union Planters Bank, National Association
Jan 1, 1998	Pacific One Bank, N.A.	WA	Pacific One Bank
Jan 1, 1998	Union Planters Bank of Southeast Missouri	MO	Union Planters Bank, National Association
Jan 1, 1998	Union Planters Bank of Lexington	TN	Union Planters Bank, National Association
Jan 1, 1998	Union Planters Bank of Northeast Arkansas	AR	Union Planters Bank, National Association

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