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 |
|---|---|---|
| Sep 26, 1998 | One Valley Bank of Oak Hill, Inc. | One Valley Bank - South, Inc. |
| Sep 26, 1998 | One Valley Bank of Ronceverte, National Association | One Valley Bank - South, Inc. |
| Sep 25, 1998 | Arkansas State Bank | Regions Bank |
| Sep 25, 1998 | The Security Bank | Regions Bank |
| Sep 25, 1998 | Baltimore Navistar Credit Union | State Employees Credit Union of Maryland Inc. |
| Sep 25, 1998 | First Commercial Bank, Rogers | Regions Bank |
| Sep 25, 1998 | Home State Bank | Gold BANK |
| Sep 21, 1998 | Charlestown Co-operative Bank | The Cooperative Bank |
| Sep 19, 1998 | The First National Bank of Central Illinois | Mercantile Bank of Illinois |
| Sep 19, 1998 | Central National Bank of Mattoon | Mercantile Bank of Illinois |
| Sep 19, 1998 | The Citizens Bank | National Bank of Commerce |
| Sep 19, 1998 | First Commercial Trust Company, N.A. | Regions Bank |
| Sep 19, 1998 | Elliott State Bank | Mercantile Bank of Illinois |
| Sep 19, 1998 | Central Bank | Firstar Bank Missouri, National Association |
| Sep 19, 1998 | Farmers and Merchants Bank of Carlinville | Mercantile Bank of Illinois |
| Sep 19, 1998 | First Trust and Savings Bank of Taylorville | Mercantile Bank of Illinois |
| Sep 18, 1998 | The Eastville Bank | Farmers & Merchants Bank - Eastern Shore |
| Sep 18, 1998 | FirstBank | Colonial Bank |
| Sep 18, 1998 | United Federal Savings Bank | Triangle Bank |
| Sep 18, 1998 | Allegiant Bank, FSB | Allegiant Bank |
| Sep 15, 1998 | Republic Bank | First Bank & Trust |
| Sep 15, 1998 | Bank of Bellevue | Great Western Bank |
| Sep 14, 1998 | Bankillinois Trust Company | Main Street Bank & Trust |
| Sep 12, 1998 | Banterra Bank of Christopher | Banterra Bank |
| Sep 12, 1998 | Norwest Bank North Country, National Association | Norwest Bank Minnesota South, National Association |
| Sep 12, 1998 | Ambassador Bank of the Commonwealth | Lafayette Ambassador Bank |
| Sep 12, 1998 | American National Bank | American National Bank |
| Sep 12, 1998 | The Bank of Livingston | The First National Bank of Livingston |
| Sep 12, 1998 | Norwest Bank International Falls, National Association | Norwest Bank Minnesota North, National Association |
| Sep 12, 1998 | Colonial Bank | Central Bank of St. Louis |
| Sep 12, 1998 | TCB Bank | Citizens Bank of Southern Indiana |
| Sep 12, 1998 | Pitkin County Bank and Trust Company | Vectra Bank Colorado, National Association |
| Sep 12, 1998 | Glendale Federal Bank, Federal Savings Bank | California Federal Bank |
| Sep 12, 1998 | Banterra Bank Group | Banterra Bank |
| Sep 12, 1998 | Banterra Bank of West Frankfort | Banterra Bank |
| Sep 12, 1998 | Banterra Bank, National Association | Banterra Bank |
| Sep 12, 1998 | Norwest Bank Cloquet, National Association | Norwest Bank Minnesota North, National Association |
| Sep 11, 1998 | Longview National Bank | Regions Bank |
| Sep 11, 1998 | FNB Company of Delaware | FNB Company |
| Sep 11, 1998 | Lufkin National Bank | Regions Bank |
| Sep 11, 1998 | Tyler Bank and Trust, National Association | Regions Bank |
| Sep 11, 1998 | First Western Trust Services Company | First Western Bank, National Association |
| Sep 11, 1998 | First Community Banking Services, Inc. | Regions Financial Corporation |
| Sep 11, 1998 | Duchesne Bank | Lindell Bank & Trust Company |
| Sep 11, 1998 | The First National Bank of Palestine | Regions Bank |
| Sep 11, 1998 | Bank of Union | First Charter Bank |
| Sep 11, 1998 | The Stone Fort National Bank of Nacogdoches | Regions Bank |
| Sep 11, 1998 | Kilgore First National Bank | Regions Bank |
| Sep 11, 1998 | Local 181 I a T S E Federal Credit Union | Oldham Family Alliance Federal Credit Union |
| Sep 9, 1998 | The Commerce Bancorporation | Zions Bancorporation |
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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