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 |
|---|---|---|
| Jan 1, 1998 | Durant Bancorp, Inc. | Spend Life Wisely Company, Inc. |
| Jan 1, 1998 | American, Inc. | Labette County Bankshares, Inc. |
| Jan 1, 1998 | Mid-Continent Corporation | Peoples, Inc. |
| Jan 1, 1998 | Lowry Facilities, Inc. | Oklahoma Bancorporation, Inc. |
| Jan 1, 1998 | South Plains Bancshares, Inc. | Vista Bancshares, Inc. |
| Jan 1, 1998 | Webster Credit Union, Inc. | Millstream Area Credit Union, Inc. |
| Jan 1, 1998 | Northern States Faribault Employees Credit Union | Northern Energy Federal Credit Union |
| Jan 1, 1998 | First National Bank in Mansfield | Capital One, N.A. |
| Jan 1, 1998 | First National Bank of Shelbyville | Union Planters Bank, National Association |
| Jan 1, 1998 | CoreStates Delaware, National Association | Corestates Bank of Delaware, N.A. |
| Jan 1, 1998 | First United Bank and Trust Company | First United Bank and Trust Company |
| Jan 1, 1998 | First Texas Bank | Bank of Texas, National Association |
| Jan 1, 1998 | Massachusetts State Grange Federal Credit Union | All One Credit Union |
| Jan 1, 1998 | Pana Area Credit Union | Land of Lincoln Credit Union |
| Jan 1, 1998 | Leicester Savings Bank | Country Bank for Savings |
| Jan 1, 1998 | Union Planters Bank of North Central Tennessee | Union Planters Bank, National Association |
| Jan 1, 1998 | Union Planters Bank of the Cumberlands | Union Planters Bank, National Association |
| Jan 1, 1998 | J&J Employees Credit Union | Numark Credit Union |
| Jan 1, 1998 | Regions Bank of Louisiana | Regions Bank |
| Jan 1, 1998 | Hampton University Federal Credit Union | Virginia Educators' Credit Union |
| Jan 1, 1998 | Iowa State Bank | Iowa State Bank |
| Jan 1, 1998 | Commerce Bank, National Association | Commerce Bank |
| Jan 1, 1998 | Union Planters Bank of Central Arkansas, National Association | Union Planters Bank, National Association |
| Jan 1, 1998 | The First National Bank of Crossville | Union Planters Bank, National Association |
| Jan 1, 1998 | Precision Scientific Credit Union | Northstar Credit Union |
| Jan 1, 1998 | Union Planters Bank of Northeast Mississippi, National Association | Union Planters Bank, National Association |
| Jan 1, 1998 | Citizens State Bank | Landmark National Bank |
| Jan 1, 1998 | Union Planters Bank of Southern Mississippi | Union Planters Bank, National Association |
| Jan 1, 1998 | Tyco Federal Credit Union | Oregonians Credit Union |
| Jan 1, 1998 | Orco State Employees Federal Credit Union | Schoolsfirst Federal Credit Union |
| Jan 1, 1998 | Union Planters Bank of Jackson, National Association | Union Planters Bank, National Association |
| Jan 1, 1998 | Union Planters Bank of Southwest Tennessee | Union Planters Bank, National Association |
| Jan 1, 1998 | Bank of Commerce | Union Planters Bank, National Association |
| Jan 1, 1998 | Union Planters Bank of South Central Tennessee | Union Planters Bank, National Association |
| Jan 1, 1998 | The First National Bank of Wills Point | The American National Bank of Texas |
| Jan 1, 1998 | Simpson County Bank | Union Planters Bank, National Association |
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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