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
Oct 31, 1998	First Citizens Bancorp, Inc.	AL	The Banc Corporation
Oct 31, 1998	Mountain Financial Holding Company	CO	Val Cor Bancorporation, Inc.
Oct 31, 1998	Highland Bank	AL	Cadence Bank
Oct 31, 1998	City National Corporation	AL	The Banc Corporation
Oct 31, 1998	Alabama Bancorp	AL	Bancorpsouth, Inc.
Oct 31, 1998	QFC Federal Credit Union	WA	Fred Meyer Employees Federal Credit Union
Oct 31, 1998	State Bank of Noel	MO	Bank of Bentonville
Oct 31, 1998	First Citizens Bank of Monroe County	AL	Superior Bank
Oct 31, 1998	The Peoples Building and Loan Company	OH	Peoples Community Bank
Oct 31, 1998	Mountain National Bank	CO	Vectra Bank Colorado, National Association
Oct 31, 1998	First of America Bank-Illinois, National Association	IL	National City Bank of the Midwest
Oct 31, 1998	The City National Bank of Sylacauga	AL	Superior Bank
Oct 31, 1998	First Community Bank of The South	AL	Cadence Bank
Oct 30, 1998	SecurityBank Texas	TX	SouthTrust Bank
Oct 30, 1998	Realty and Mortgage Investors of the Pacific, Ltd.	HI	Bank of Hawaii
Oct 30, 1998	First Financial Bancorp, Inc.	IL	Blackhawk Bancorp, Inc.
Oct 30, 1998	Lemars Bancorporation, Inc.	IA	Primebank, Inc.
Oct 30, 1998	Bank of Gallatin/First State Bank	MO	BTC Bank
Oct 30, 1998	Simmons Dallas Credit Union	TX	A New Direction Credit Union
Oct 29, 1998	First Bank of Florida	FL	Republic Security Bank
Oct 24, 1998	Litchville State Bank	ND	Wells Fargo Bank North Dakota, National Association
Oct 24, 1998	Compass Bank	TX	BBVA USA
Oct 24, 1998	The First State Bank of Casselton	ND	Wells Fargo Bank North Dakota, National Association
Oct 24, 1998	First National Bank of Valley City	ND	Wells Fargo Bank North Dakota, National Association
Oct 24, 1998	Bank of Los Angeles	CA	Santa Monica Bank
Oct 24, 1998	Missouri Southern Bank	MO	Wood & Huston Bank
Oct 24, 1998	The First National Bank of Castle Rock	CO	The First National Bank of Strasburg
Oct 24, 1998	Johnson Bank, National Association	WI	Johnson Bank
Oct 24, 1998	Heritage Bank	IL	First Midwest Bank
Oct 24, 1998	The Peoples National Bank of Rural Valley	PA	Promistar Bank
Oct 24, 1998	Security Federal Savings and Loan Association of Cleveland	OH	Firstmerit Bank, National Association
Oct 24, 1998	First Federal Savings Bank of Kent	OH	Firstmerit Bank, National Association
Oct 23, 1998	Citizens First Bank	AR	Regions Bank
Oct 23, 1998	The Citizens National Bank of Tell City	IN	Old National Bank
Oct 23, 1998	Citizens First Bank	AR	Regions Bank
Oct 23, 1998	Arkansas Bank and Trust Company	AR	Regions Bank
Oct 23, 1998	Security Bank and Trust Co.	IL	Old National Bank
Oct 23, 1998	McDonald & Company Investments, Inc.	OH	Keycorp
Oct 23, 1998	Benton State Bank	AR	Regions Bank
Oct 22, 1998	Corry Savings Bank	PA	Northwest Bank
Oct 19, 1998	Gen Office & LAB. (G.O.A.L.) Employees Federal Credit Union	NY	Sunmark Credit Union
Oct 19, 1998	Corestates Bank of Delaware, N.A.	DE	Wachovia Bank of Delaware, National Association
Oct 19, 1998	Colonial Bank of South Carolina, Inc.	SC	Carolina First Bank
Oct 17, 1998	MidAmerica Bank	MN	Wells Fargo Bank Minnesota, National Association
Oct 17, 1998	Wayne Savings Bank, F.S.B.	NJ	Valley National Bank
Oct 17, 1998	Cuyahoga Savings Association	OH	Charter One Bank, National Association
Oct 17, 1998	The Commercial Bank of Roanoke, Alabama	AL	Superior Bank
Oct 17, 1998	Wayne Bancorp, Inc.	NJ	Valley National Bancorp
Oct 17, 1998	Lincolnland Bank	IN	Integra Bank N.A.
Oct 17, 1998	Bank of Charleston, National Association	SC	The Anchor Bank

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