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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
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 1, 1998 The American State Bank KS Labette Bank
Jan 1, 1998 1st Savings Bank, f.s.b. MO Union Planters Bank, National Association
Jan 1, 1998 Trenton Trust Company MO Citizens Bank and Trust Company
Jan 1, 1998 Union Planters Bank of the Tennessee Valley TN Union Planters Bank, National Association
Jan 1, 1998 Farmers Bank KY The Progressive Bank, National Association
Jan 1, 1998 Pinnacle Bank GA Vallant Bank
Jan 1, 1998 The First State Bank TX The Bank and Trust, SSB
Jan 1, 1998 Gae Federal Credit Union NC Champion Credit Union
Jan 1, 1998 United Community Bank IA United Community Bank
Jan 1, 1998 Union Planters Bank of Alabama AL Union Planters Bank, National Association
Jan 1, 1998 Union Planters Bank of Mid-Missouri MO Union Planters Bank, National Association
Jan 1, 1998 Bank of Coffey MO Guaranty Bank & Trust
Jan 1, 1998 Union Planters Bank of Missouri MO Union Planters Bank, National Association
Jan 1, 1998 Detroit New Calvary Baptist Church Credit Union MI Motor City Co-Op Credit Union
Jan 1, 1998 Dearborn Postal Employees Credit Union MI Great Lakes Members Credit Union
Jan 1, 1998 Independence Bank KY Independence Bank of Kentucky
Jan 1, 1998 Six Flags Federal Credit Union CA First Entertainment Credit Union
Jan 1, 1998 Youngstown State University Federal Credit Union OH Associated School Employees Credit Union, Inc.
Jan 1, 1998 Union Planters Bank of Mississippi MS Union Planters Bank, National Association
Jan 1, 1998 Inner-Tite Employees Federal Credit Union MA All One Credit Union
Jan 1, 1998 Union Planters Bank of Northwest Mississippi MS Union Planters Bank, National Association
Jan 1, 1998 Eaton Corporation Gallatin Credit Union TN Ten Credit Union
Jan 1, 1998 Union Planters Bank of West Tennessee TN Union Planters Bank, National Association
Jan 1, 1998 Flinthills Education Credit Union KS White Eagle Credit Union
Jan 1, 1998 Union Planters Bank of Middle Tennessee, National Association TN Union Planters Bank, National Association
Jan 1, 1998 Union Planters Bank of Southwest Missouri MO Union Planters Bank, National Association
Jan 1, 1998 Union Planters Bank of the Tennessee Delta TN Union Planters Bank, National Association
Jan 1, 1998 BFNB Trust Company, N.A. TX Herring Bank
Jan 1, 1998 Sho-Me Financial Corporation MO Union Planters Corporation
Jan 1, 1998 Whitney National Bank of Mississippi MS Whitney National Bank
Jan 1, 1998 Capital Bancorporation, Inc. TN Union Planters Corporation
Jan 1, 1998 Mountain West Bank of Great Falls, National Association MT Mountain West Bank, National Association
Jan 1, 1998 First National Bank of Montana MT First Montana Bank, Inc.
Jan 1, 1998 BNF Bancorp, Inc. AL Union Planters Corporation
Jan 1, 1998 Union Planters Bank of East Tennessee, National Association TN Union Planters Bank, National Association
Jan 1, 1998 Providian National Bank NH Providian National Bank
Jan 1, 1998 Union Planters Bank of Chattanooga, National Association TN Union Planters Bank, National Association
Jan 1, 1998 Union Planters Bank of Central Mississippi MS Union Planters Bank, National Association
Jan 1, 1998 Whitney Bank of Alabama AL Whitney National Bank
Jan 1, 1998 Trenton Trust Bancshares, Inc. MO Citizens Bancshares Co.
Jan 1, 1998 Union Planters Community Bancorp, Inc. TN Union Planters Corporation
Jan 1, 1998 Covenant Healthcare Credit Union WI Appletree Credit Union
Jan 1, 1998 Illini Student Federal Credit Union IL University of Illinois Community Credit Union
Jan 1, 1998 Union Planters Bank of Louisiana LA Union Planters Bank, National Association
Jan 1, 1998 Maryland Avenue Bancorporation, Inc. MO Union Planters Corporation
Jan 1, 1998 Tradewater Bancshares, Inc. KY Independence Bancshares, Inc.
Jan 1, 1998 Northwest Bancshares of Louisiana, Inc. LA Hibernia Corporation
Jan 1, 1998 Fourth First Bancorp IN Integra Bank Corporation
Jan 1, 1998 Peoples Investment Corporation MO Peoples Bancorporation, Inc.
Jan 1, 1998 Capital Bancorp FL Union Planters Holding Corporation

Bank mergers by year

·

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