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
0
Credit unions merged
NIC, credit unions as the acquired side
323
Holding companies
Bank holding companies merged
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 1, 1998 | Trailer Builders Credit Union | River Bend Credit Union |
| Oct 1, 1998 | First National Bank of Sheridan | The Malvern National Bank |
| Oct 1, 1998 | The First State Bank of Vienna | Illinois One Bank, National Association |
| Oct 1, 1998 | Santa Fe Federal Employees Federal Credit Union | Del Norte Credit Union |
| Oct 1, 1998 | Oregon Community Credit Union | Membersalliance Credit Union |
| Oct 1, 1998 | Natick QM Federal Credit Union | Hanscom Federal Credit Union |
| Oct 1, 1998 | Toole County Federal Credit Union | Bear Paw Credit Union |
| Oct 1, 1998 | The Hight State Bank | Scott State Bank |
| Oct 1, 1998 | DHCD Federal Credit Union | DC Federal Credit Union |
| Oct 1, 1998 | First Evergreen Corporation | Old Kent Financial Corporation |
| Oct 1, 1998 | CSB Financial Corporation | First American Corporation |
| Oct 1, 1998 | 1st Bancorp Vienna | Integra Bank Corporation |
| Oct 1, 1998 | Citizens Bancorporation, Inc. | Suntrust Bank Holding Company |
| Oct 1, 1998 | Prairie Bankshares, Inc. | Citizens Bank of Kansas |
| Oct 1, 1998 | Amquest Financial Corp. | BancFirst Corporation |
| Oct 1, 1998 | Toshiba/houston Credit Union | First Community Credit Union |
| Oct 1, 1998 | Farmers National Bank | Susquehanna Bank DV |
| Oct 1, 1998 | The Long Island Savings Bank, FSB | Astoria Bank |
| Oct 1, 1998 | Inland Steel Credit Union | First Northern Credit Union |
| Oct 1, 1998 | Nypoe Federal Credit Union | Picatinny Federal Credit Union |
| Oct 1, 1998 | The Middle Tennessee Bank | First American National Bank |
| Oct 1, 1998 | Wallula Federal Credit Union | Hapo Community Credit Union |
| Oct 1, 1998 | Castle Medical Center Federal Credit Union | Ko'Olau Federal Credit Union |
| Oct 1, 1998 | Citizens Bank of Marianna | SunTrust Bank, Tallahassee, National Association |
| Oct 1, 1998 | Santa Fe West Credit Union | E-Central Credit Union |
| Oct 1, 1998 | Kansas City Community Credit Union | Midwest Regional Credit Union |
| Oct 1, 1998 | Security First Network Bank, FSB | Security First Network Bank |
| Oct 1, 1998 | Faultless Rubber Federal Credit Union | Ashland Community Federal Credit Union |
| Oct 1, 1998 | First Global Bank Federal Savings Bank | Hanmi Bank |
| Oct 1, 1998 | Union State Bank | Prosperity Bank |
| Oct 1, 1998 | NPC Federal Credit Union | Ridgedale Federal Credit Union |
| Oct 1, 1998 | Mrs Smith's Pie Co. Federal Credit Union | Diamond Federal Credit Union |
| Oct 1, 1998 | HP Colorado Federal Credit Union | First Technology Federal Credit Union |
| Oct 1, 1998 | Brooklyn Postal Employees Credit Union | Municipal Credit Union |
| Oct 1, 1998 | Cheatham State Bank | First American National Bank |
| Oct 1, 1998 | Eagle Valley Bank | Eagle Valley Bank, National Association |
| Oct 1, 1998 | The State Bank-Pretty Prairie | Citizens Bank of Kansas |
| Sep 30, 1998 | First National Bank of Pickens County | Carolina First Bank |
| Sep 30, 1998 | First Federal Savings and Loan Association of America | Bank of Hawaii |
| Sep 30, 1998 | Production Experts Employees Credit Union, Inc. | Community United Credit Union |
| Sep 30, 1998 | Minutemen Credit Union | American Lake Credit Union |
| Sep 30, 1998 | Bancorp Pacific, Inc. | Bank of Hawaii |
| Sep 30, 1998 | Bankamerica Corporation | Bank of America Corporation |
| Sep 30, 1998 | Firstar Trust Company | Firstar Bank Milwaukee, National Association |
| Sep 30, 1998 | American Credit Corporation | Firstar Holdings Corporation |
| Sep 30, 1998 | DPC of Milwaukee, Inc. | Firstar Bank Milwaukee, National Association |
| Sep 30, 1998 | CSFM Corporation | Firstar Bank Milwaukee, National Association |
| Sep 28, 1998 | (unnamed) | Wells Fargo Bank Texas, National Association |
| Sep 28, 1998 | (unnamed) | Wells Fargo Bank Texas, National Association |
| Sep 28, 1998 | First Financial Bancorporation | Ameribanc, Inc. |
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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