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 |
|---|---|---|
| Oct 17, 1998 | CS Financial Corporation | Charter-Michigan Bancorp, Inc. |
| Oct 17, 1998 | Bank of Columbia, National Association | The Anchor Bank |
| Oct 17, 1998 | Maple Park Bancshares, Inc. | Old Second Bancorp, Inc. |
| Oct 17, 1998 | Commercial Bancshares of Roanoke, Inc. | The Banc Corporation |
| Oct 17, 1998 | Warrior Capital Corporation | The Banc Corporation |
| Oct 17, 1998 | Fed One Bank | United Bank |
| Oct 17, 1998 | Midamerica Bank South | Norwest Bank Minnesota South, National Association |
| Oct 16, 1998 | First Citizens Bank & Trust Company | First-Citizens Bank & Trust Company |
| Oct 16, 1998 | First National Bank of Port Orchard | Pacific Northwest Bank |
| Oct 16, 1998 | Exchange National Bank and Trust Company | BancFirst |
| Oct 15, 1998 | Azle Bancorp | Independent Bankshares, Inc. |
| Oct 15, 1998 | Azle Holdings, Inc. | Independent Bankshares, Inc. |
| Oct 14, 1998 | Interwest Bancorp | The Colonial Bancgroup, Inc. |
| Oct 14, 1998 | Interwest Bank | Colonial Bank |
| Oct 14, 1998 | South Valley National Bank | First National Bank of Central California |
| Oct 13, 1998 | Gettysburg Area Federal Credit Union | Belco Community Credit Union |
| Oct 10, 1998 | Silsbee State Bank | Community Bank & Trust, S.S.B. |
| Oct 9, 1998 | Community Bank of the Islands | Bank of America, N.A. |
| Oct 9, 1998 | Omni Bank | The Bank of Edwardsville |
| Oct 9, 1998 | Seminole Bank, National Association | First National Bank of Florida |
| Oct 9, 1998 | Clinton State Bank | Regions Bank |
| Oct 9, 1998 | First National Bank of Russellville | Regions Bank |
| Oct 9, 1998 | The First National Bank of Conway | Regions Bank |
| Oct 9, 1998 | Magna Bank, National Association | Union Planters Bank, National Association |
| Oct 9, 1998 | Barnett Bank, National Association | Bank of America, N.A. |
| Oct 9, 1998 | Citizens Bank & Trust | First National Bank of Florida |
| Oct 9, 1998 | Morrilton Security Bank, National Association | Regions Bank |
| Oct 9, 1998 | Citizens Bank | Local Oklahoma Bank |
| Oct 8, 1998 | Banksouth Corp | Citizens Bank |
| Oct 7, 1998 | Prime Bank of Central Florida | Colonial Bank |
| Oct 6, 1998 | Cylinder Bancorporation | Iowa Trust & Savings Bank |
| Oct 6, 1998 | Cylinder State Bank | Iowa Trust & Savings Bank |
| Oct 4, 1998 | Home Savings of America, FSB | Washington Mutual Bank |
| Oct 3, 1998 | Concora Anderson Employees Federal Credit Union | Indiana Members Credit Union |
| Oct 3, 1998 | Lilly Industries Federal Credit Union | Indiana Members Credit Union |
| Oct 2, 1998 | First Chicago NBD Corporation | Bank One Corporation |
| Oct 2, 1998 | Community Financial Corporation | Alabama National Bancorporation |
| Oct 2, 1998 | First Macon Bank & Trust Company | Colonial Bank |
| Oct 2, 1998 | Mid Am, Inc. | SKY Financial Group, Inc. |
| Oct 1, 1998 | Atlanta Cooperative Credit Association Credit Union | Associated Credit Union |
| Oct 1, 1998 | Peoples Trust of 1987 | Winter Trust of 12/3/74 |
| Oct 1, 1998 | Morgan Stanley Trust Company | JPMorgan Chase Bank, N.A. |
| Oct 1, 1998 | Peoples, Inc. | Peoples, Inc. |
| Oct 1, 1998 | Hoosier Hills Financial Corporation | Integra Bank Corporation |
| Oct 1, 1998 | State Bank of South Orange | United Trust Bank |
| Oct 1, 1998 | Swift Credit Union | Five Star Credit Union |
| Oct 1, 1998 | Salem Eba Credit Union | Virginia Federal Credit Union |
| Oct 1, 1998 | Gadsden State Bank | SunTrust Bank, Tallahassee, National Association |
| Oct 1, 1998 | Sasf Credit Union | Trans Texas Southwest Credit Union |
| Oct 1, 1998 | The Sumitomo Bank of California | California Bank & Trust |
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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