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
Dec 8, 1998	Lockney Holding Company	DE	South Plains Financial, Inc.
Dec 8, 1998	West Texas National Bancshares, Inc.	TX	South Plains Financial, Inc.
Dec 8, 1998	First Alpine, Inc.	TX	First Pecos Bancshares, Inc.
Dec 7, 1998	McNeil-Ortho Employees Federal Credit Union	PR	Financial Resources Federal Credit Union
Dec 5, 1998	The Sandwich Co-operative Bank	MA	Compass Bank for Savings
Dec 5, 1998	The Bank of Gwinnett County	GA	Premier Bank
Dec 5, 1998	Merchants Capital Corporation	MS	Bancorpsouth, Inc.
Dec 5, 1998	The Federal Savings Bank	MA	USTrust
Dec 5, 1998	Merchants Bank	MS	Cadence Bank
Dec 5, 1998	Nisswa State Bank	MN	Lakewood Bank, National Association
Dec 5, 1998	American Community Bank, National Association	OH	SKY Bank
Dec 5, 1998	Jasper County Federal Employees Credit Union	IA	First Class Community Credit Union
Dec 5, 1998	The First National Bank of Greenville	AL	Whitney National Bank
Dec 5, 1998	Amerifirst Bank, National Association	OH	SKY Bank
Dec 4, 1998	Froid Bankshares, Inc.	MT	First Community Bancorp, Inc.
Dec 4, 1998	First Bank of Arkansas	AR	Regions Bank
Dec 2, 1998	First State Bank	TX	Vista Bank
Dec 1, 1998	Bank of Georgia	GA	AFB&T
Dec 1, 1998	Imperial Bank Arizona	AZ	Imperial Bank
Dec 1, 1998	TNB Bancorporation, Inc.	TX	Texas Financial Bancorporation, Inc.
Dec 1, 1998	TNB Bancorporation of Delaware, Inc.	DE	Delaware Financial, Inc.
Dec 1, 1998	United Community Bankshares, Inc.	VA	Atlantic Financial Corp.
Dec 1, 1998	Monocacy Bancshares, Inc.	MD	F&M Bancorp
Dec 1, 1998	Gore-Bronson Bancorp, Inc.	IL	Popular North America, Inc.
Dec 1, 1998	Davis Employees Credit Association Credit Union	GA	Alero Financial Credit Union
Dec 1, 1998	Local America Bank of Tulsa, A Federal Savings Bank	OK	Local Oklahoma Bank
Dec 1, 1998	Kingfisher Bancorp, Inc.	OK	BancFirst Corporation
Dec 1, 1998	Downey Bancorp	CA	California Financial Bancorp
Dec 1, 1998	TB&T, Inc.	TX	The Colonial Bancgroup, Inc.
Dec 1, 1998	Progressive Bancshares, Inc.	KY	Integra Bank Corporation
Dec 1, 1998	Citizens Banco, Inc.	CO	Val Cor Bancorporation, Inc.
Dec 1, 1998	Citizens Building, Inc.	KS	Citizens State Bank
Dec 1, 1998	East Austin Community Naacp Federal Credit Union	TX	Greater Texas Federal Credit Union
Dec 1, 1998	GCMC Cu	TX	Texasgulf Federal Credit Union
Dec 1, 1998	Hillsboro Community Credit Union	IL	Taylorville Community Credit Union
Dec 1, 1998	Johnson Products Company Incorporated Employees Federal Credi T Union	IL	Vicinity Credit Union
Dec 1, 1998	Texas Bank and Trust	TX	Colonial Bank
Dec 1, 1998	Culligan USA Employees Credit Union	IL	Alero Financial Credit Union
Dec 1, 1998	Davis Standard Employees Credit Union	CT	Connecticut Community Credit Union, Inc.
Dec 1, 1998	Midpac Employees Federal Credit Union	HI	Hawaii Federal Credit Union
Dec 1, 1998	Albank, FSB	NY	Charter One Bank, National Association
Dec 1, 1998	Citizens Bank	CO	Vectra Bank Colorado, National Association
Dec 1, 1998	Stone 360 Employees Credit Union	IL	Alero Financial Credit Union
Dec 1, 1998	Bank of Lyons	IL	BankChicago
Dec 1, 1998	NW Drug Employees Credit Union	MN	Anoka Hennepin Credit Union
Dec 1, 1998	Taneytown Bank & Trust Company	MD	Farmers & Mechanics Bank
Nov 30, 1998	Bank of Ladd	IL	North Central Bank
Nov 30, 1998	Albank Financial Corporation	NY	Charter-Michigan Bancorp, Inc.
Nov 30, 1998	Biltmore Bank Corp.	AZ	Johnson Financial Group, Inc.
Nov 30, 1998	Worcester Municipal Employees Federal Credit Union	MA	Worcester Credit Union

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