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 |
|---|---|---|
| Nov 14, 1998 | The York Bank and Trust Company | Allfirst Bank |
| Nov 14, 1998 | Alliance Bank | Integra Bank N.A. |
| Nov 14, 1998 | Maryland Federal Bank | Truist Bank |
| Nov 14, 1998 | Lexington Savings Bank | USTrust |
| Nov 14, 1998 | First Federal Savings & Loan Association of Montana | Sterling Savings Bank |
| Nov 14, 1998 | Dauphin Deposit Bank and Trust Company | Allfirst Bank |
| Nov 14, 1998 | First State Bank | Wells Fargo Bank Texas, National Association |
| Nov 13, 1998 | AMCORE Bank, Argyle | Amcore Bank, National Association, South Central |
| Nov 13, 1998 | First Financial Investments, Inc. | Associated Bank Milwaukee |
| Nov 13, 1998 | First National Bancorp, Inc. | Country Bank Shares Corporation |
| Nov 13, 1998 | Amquest Bank, N.A. | BancFirst |
| Nov 13, 1998 | First Financial Bank | Associated Bank Milwaukee |
| Nov 13, 1998 | Washington Square Federal Credit Union | Blupeak Federal Credit Union |
| Nov 13, 1998 | U S C O Federal Credit Union | Tech Credit Union |
| Nov 13, 1998 | State Bank of Mount Horeb | Amcore Bank, National Association, South Central |
| Nov 13, 1998 | NationsBank of Tennessee, National Association | Bank of America, N.A. |
| Nov 12, 1998 | First Financial Corporation | First Financial Bank |
| Nov 10, 1998 | Zook & Roecker State Bank | Carrollton Bank |
| Nov 9, 1998 | Bank of Drummond | Cowboy Bank |
| Nov 9, 1998 | Mountain Bank | Wells Fargo Bank West, National Association |
| Nov 7, 1998 | MidAmerica Bank | Wells Fargo Bank Wisconsin, National Association |
| Nov 7, 1998 | Commerce Bank of Alabama | Superior Bank |
| Nov 7, 1998 | Security State Bank of Wykoff | Security State Bank of Lewiston |
| Nov 7, 1998 | Pike County Bank | Integra Bank N.A. |
| Nov 7, 1998 | City Bank | Gold BANK |
| Nov 7, 1998 | MidAmerica Bank North | Wells Fargo Bank Wisconsin, National Association |
| Nov 6, 1998 | Bankers Savings Bank | Republic Bank |
| Nov 6, 1998 | First Commercial Bank, National Association | Regions Bank |
| Nov 6, 1998 | Lochaven Federal Savings and Loan Association | Republic Bank |
| Nov 3, 1998 | Wells Fargo & Company | WFC Holdings, LLC |
| Nov 2, 1998 | Fidelity Bankshares, Inc. | Cbi-Kansas, Inc. |
| Nov 2, 1998 | Heritage Bank of Olathe | Commerce Bank |
| Nov 2, 1998 | First Community Bancorp, Inc. | National Commerce Financial Corporation |
| Nov 2, 1998 | Cbi-Kansas, Inc. | Cbi-Kansas, Inc. |
| Nov 2, 1998 | Osmond State Bank | Security Bank |
| Nov 1, 1998 | Danly Employees Credit Union | Burlington Northern Santa Fe Railway Credit Union |
| Nov 1, 1998 | Pacific One Bank | Bank of the West |
| Nov 1, 1998 | Bancwest Corporation | First Hawaiian, Inc. |
| Nov 1, 1998 | Downstate Banking Company | Integra Bank Corporation |
| Nov 1, 1998 | El Segundo Chevron Employees Credit Union | Chevron Federal Credit Union |
| Nov 1, 1998 | Plano Savings Credit Union | Illinois Community Credit Union |
| Nov 1, 1998 | Downstate National Bank | Illinois One Bank, National Association |
| Nov 1, 1998 | Marathon Ashland Division C Credit Union | Superior Choice Credit Union |
| Nov 1, 1998 | P & S F Local 389 Credit Union | Ibew Local 681 Credit Union |
| Nov 1, 1998 | Central Mutual Credit Union | American Mutual Credit Union, Inc |
| Nov 1, 1998 | Insurance Employees Federal Credit Union | General Credit Union |
| Nov 1, 1998 | Elk Grove Township Schools Credit Union | A a E C Credit Union |
| Oct 31, 1998 | Tri-County National Bank | Peoples National Bank |
| Oct 31, 1998 | Busey Business Bank | Busey Bank |
| Oct 31, 1998 | Commonwealth Commercial Corp. | Integra Bank 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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