Mergers by Year
Bank Mergers in 2008
The Federal Reserve's National Information Center (NIC) recorded 804 merger records involving a bank, credit union or bank holding company in 2008. 299 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 810 in 2007.
299
Banks acquired
NIC, banks as the acquired side
0
Credit unions merged
NIC, credit unions as the acquired side
186
Holding companies
Bank holding companies merged
Largest bank mergers of 2008
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 2008 | Liberty Bank | — | USAmeriBank |
| Dec 31, 2008 | First Bank and Trust of Mississippi | — | First Bank and Trust |
| Dec 31, 2008 | Paramount Bank | — | Paramount Bank |
| Dec 31, 2008 | Peoples Bank of Louisiana | — | First Bank and Trust |
| Dec 30, 2008 | Farmers and Merchants Bank | — | First Southern State Bank |
| Dec 30, 2008 | New England Trust Company, N.A. | — | National City Bank |
| Dec 20, 2008 | HSBC National Bank USA | — | HSBC Bank USA, N.A. |
| Dec 19, 2008 | Community Bank & Trust Company Retained Charter | — | Central Bank of Oklahoma |
| Dec 17, 2008 | Banco Popular, N.A. | — | Popular North America, Inc. |
| Dec 15, 2008 | First Mountain Bank | — | The First National Bank of Hugo |
| Dec 13, 2008 | Charleston Federal Savings and Loan Association | — | First Federal Savings and Loan Association of Central Illinois, S.B. |
| Dec 13, 2008 | Vanguard Bank & Trust Company | — | Coastal Bank and Trust of Florida |
| Dec 13, 2008 | State Bank of Colusa | — | Fortress Bank |
| Dec 6, 2008 | State Bank of Withee | — | Forward Bank |
| Dec 6, 2008 | The Citizens Bank | — | Bank Independent |
Every merger recorded in 2008
804 NIC merger records in 2008 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Dec 31, 2008 | Huntsville Delaware Holdings, Inc. | First National Bancshares of Huntsville, Inc. |
| Dec 31, 2008 | Hillsboro Holdings, Inc. | Hillsboro Bancshares, Inc. |
| Dec 31, 2008 | Woodtrust Mortgage Professionals, Inc. | Woodtrust Bank |
| Dec 31, 2008 | Liberty Bank | USAmeriBank |
| Dec 31, 2008 | Genpass Technologies, LLC | U.S. Bank N.A. |
| Dec 31, 2008 | U.S. Bancorp Card Services, Inc. | U.S. Bank N.A. |
| Dec 31, 2008 | First Deposit Bancshares, Inc. | South Central Bancshares of Kentucky, Inc. |
| Dec 31, 2008 | Wachovia Corporation | Wells Fargo & Company |
| Dec 31, 2008 | National City Corporation | The PNC Financial Services Group, Inc. |
| Dec 31, 2008 | NKC Bancshares, Inc. | CCB Financial Corporation |
| Dec 31, 2008 | Steuben Federal Credit Union | Esb Employees Federal Credit Union |
| Dec 31, 2008 | C W Credit Union | Schneider Community Credit Union |
| Dec 31, 2008 | Saint John Tremont Catholic Federal Credit Union | Unity Catholic Federal Credit Union |
| Dec 31, 2008 | First Bank and Trust of Mississippi | First Bank and Trust |
| Dec 31, 2008 | Wisconsin Lutheran High School Conference Credit Union | Appletree Credit Union |
| Dec 31, 2008 | Inter-Island Federal Credit Union | Aloha Pacific Federal Credit Union |
| Dec 31, 2008 | Peoples Bank of Louisiana | First Bank and Trust |
| Dec 31, 2008 | St John Latvian Federal Credit Union | Servco Federal Credit Union |
| Dec 31, 2008 | Gateway Financial Holdings, Inc. | Xenith Bankshares, Inc. |
| Dec 31, 2008 | Cameron Financial Corporation of Delaware, Inc. | Cameron Financial Corporation |
| Dec 31, 2008 | Signature Delaware Financial Corporation | Signature Bancshares, Inc. |
| Dec 31, 2008 | FFP, Inc. | Frontier Bank |
| Dec 31, 2008 | First Security Usb GP, Inc. | U.S. Bank N.A. |
| Dec 31, 2008 | Priority Community Credit Union | Zeal Credit Union |
| Dec 31, 2008 | Paramount Bank | Paramount Bank |
| Dec 31, 2008 | Bedias Holding, Inc. | Bedias Financial Corp. |
| Dec 30, 2008 | F&M Bancorporation | First Bancshares of Stevenson, Inc. |
| Dec 30, 2008 | Iuisthe Federal Credit Union | County Excellence Federal Credit Union |
| Dec 30, 2008 | Farmers and Merchants Bank | First Southern State Bank |
| Dec 30, 2008 | New England Trust Company, N.A. | National City Bank |
| Dec 30, 2008 | Gilmer National Bancshares Delaware, Inc. | Gilmer National Bancshares, Inc. |
| Dec 29, 2008 | Palmer Bancshares of Delaware, Inc. | Palmer Bancshares, Inc. |
| Dec 22, 2008 | FSB Bancshares of Delaware, Inc. | FSB Bancshares, Inc. |
| Dec 22, 2008 | First Crockett Bancshares, Inc. | F C Holdings, Inc. |
| Dec 20, 2008 | Reading Tube Employees Federal Credit Union | Discovery Federal Credit Union |
| Dec 20, 2008 | Sovdelaware, Inc. | Sovereign Bancshares, Inc. |
| Dec 20, 2008 | HSBC National Bank USA | HSBC Bank USA, N.A. |
| Dec 19, 2008 | Community Bank & Trust Company Retained Charter | Central Bank of Oklahoma |
| Dec 19, 2008 | Crockett Delaware Bancshares, Inc. | First Crockett Bancshares, Inc. |
| Dec 17, 2008 | Banco Popular, N.A. | Popular North America, Inc. |
| Dec 17, 2008 | Hickory Hill Delaware Financial Corporation | Hickory Hill Bancshares, Inc. |
| Dec 17, 2008 | East Texas Delaware Financial Corporation | East Texas Bancorp, Inc. |
| Dec 17, 2008 | Lone Star Delaware Financial Corporation | Lone Star Bancshares, Inc. |
| Dec 17, 2008 | Alfred/allegany Educational Employee Federal Credit Union | Servu Federal Credit Union |
| Dec 16, 2008 | (unnamed) | Haverhill Bank |
| Dec 16, 2008 | Crosby Bancshares of Delaware, Inc. | Newton Delaware Financial Corporation |
| Dec 16, 2008 | Crosby Bancshares, Inc. | Stellar Bancorp Inc. |
| Dec 16, 2008 | Portland Maine Transit Federal Credit Union | Truchoice Federal Credit Union |
| Dec 16, 2008 | Financial Services Credit Union | Puget Sound Federal Credit Union |
| Dec 16, 2008 | Westside Credit Union | Puget Sound Federal Credit Union |
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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