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.
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 |
|---|---|---|
| Jun 17, 2008 | First Federal Bank | Heartland Bank and Trust Company |
| Jun 14, 2008 | Northern New York Bancorp, Inc. | Watertown Savings Bank |
| Jun 14, 2008 | Green Lake State Bank | Baraboo State Bank |
| Jun 13, 2008 | SCB Financial Corporation | The Peoples Bank |
| Jun 13, 2008 | The Smith County State Bank and Trust Company | The Peoples Bank |
| Jun 11, 2008 | I B E W Local 531 Federal Credit Union | First Trust Credit Union |
| Jun 9, 2008 | First Central Union | Central Community Corporation |
| Jun 9, 2008 | FSBG, Inc. | Central Community Corporation |
| Jun 9, 2008 | The First State Bank | First State Bank Central Texas |
| Jun 7, 2008 | First Charter Bank | Fifth Third Bank, National Association |
| Jun 7, 2008 | Summit Federal Bankshares, Inc. | Investors Bancorp, Inc. |
| Jun 7, 2008 | Summit Federal Bankshares, MHC | Investors Bancorp, Inc. |
| Jun 7, 2008 | Dallas National Bank | The American National Bank of Texas |
| Jun 7, 2008 | Ibt Bancorp, Inc. | S&T Bancorp, Inc. |
| Jun 7, 2008 | First Charter Corporation | Fifth Third Financial Corporation |
| Jun 7, 2008 | Irwin Bank | S & T Bank |
| Jun 7, 2008 | First National Bank, Valparaiso | 1st Source Bank |
| Jun 7, 2008 | Summit Federal Savings Bank | Investors Bank |
| Jun 2, 2008 | Bank of Warrensburg | Buena Vista National Bank |
| Jun 2, 2008 | BW Bancshares, Inc. | Buena Vista Bancorp, Inc. |
| Jun 2, 2008 | Nestegg Federal Credit Union | Empower Federal Credit Union |
| Jun 2, 2008 | Chart Bank | The Farmers & Merchants Bank |
| Jun 1, 2008 | Walla Walla Valley Federal Credit Union | Gesa Credit Union |
| Jun 1, 2008 | MFBB Services LLC | U.S. Bank N.A. |
| Jun 1, 2008 | Oxford Bank Mortgage Services, L.L.C. | Oxford Bank |
| Jun 1, 2008 | Transcommunity Financial Corporation | Community Bankers Trust Corporation |
| Jun 1, 2008 | 1st Choice Bancorp, Inc. | Prosperity Bancshares, Inc. |
| Jun 1, 2008 | Boe Financial Services of Virginia, Inc. | Community Bankers Trust Corporation |
| Jun 1, 2008 | 1st Choice Bank | Prosperity Bank |
| Jun 1, 2008 | A.G. Edwards Trust Company FSB | Wachovia Bank, N.A. |
| Jun 1, 2008 | Shore Financial Corporation | Xenith Bankshares, Inc. |
| Jun 1, 2008 | California Preferred Credit Union | Redwood Credit Union |
| Jun 1, 2008 | TMC Employees Credit Union | Member One Federal Credit Union |
| Jun 1, 2008 | Kalamazoo Gazette Employees Credit Union | Kalsee Credit Union |
| Jun 1, 2008 | Yac Federal Credit Union | York Educational Federal Credit Union |
| Jun 1, 2008 | Commerce Bank/North | TD Bank, N.A. |
| Jun 1, 2008 | Kentucky Conference Credit Union, Inc. | Members Heritage Credit Union Inc |
| Jun 1, 2008 | Yavapai Federal Credit Union | Credit Union West |
| Jun 1, 2008 | Permian Basin Credit Union | MY Community Credit Union |
| Jun 1, 2008 | Mellon 1st Business Bank, National Association | U.S. Bank N.A. |
| Jun 1, 2008 | Electric City Federal Credit Union | 1st Liberty Federal Credit Union |
| Jun 1, 2008 | Commerce Bank, National Association | TD Bank, N.A. |
| Jun 1, 2008 | Monterey Columbian Federal Credit Union | Allus Credit Union |
| Jun 1, 2008 | US Alliance Credit Union | Wings Credit Union |
| Jun 1, 2008 | S. H. H. S. Federal Credit Union | Usx Federal Credit Union |
| Jun 1, 2008 | I H B Riverdale Credit Union | A C M E Continental Credit Union |
| Jun 1, 2008 | Universal Service Credit Union | Jetstream Federal Credit Union |
| Jun 1, 2008 | Danville Postal Credit Union | Blue Eagle Credit Union |
| Jun 1, 2008 | Ukrainian Washington Federal Credit Union | Self Reliance Baltimore Federal Credit Union |
| May 31, 2008 | Raleigh Post Office Employees Credit Union | U S Postal Service 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.
Explore: all mergers · 2008 bank events · browse by acquirer · bank failures · all events