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 |
|---|---|---|
| Apr 25, 2008 | Henderson Citizens Delaware Bancshares, Inc. | VeraBank, Inc. |
| Apr 24, 2008 | Independent (NY) Federal Credit Union | Bay Ridge Federal Credit Union |
| Apr 19, 2008 | Journal Employees Federal Credit Union | Navigant Credit Union |
| Apr 19, 2008 | WSB Asset Acquisition, Inc. | WSB Bancshares, Inc. |
| Apr 19, 2008 | Wellington Delaware Financial Corporation | WSB Bancshares, Inc. |
| Apr 19, 2008 | Farmers State Bank of Northern Missouri | Mercantile Bank |
| Apr 19, 2008 | Morris Building and Loan, S.B. | Harvard Savings Bank |
| Apr 18, 2008 | Longleaf Community Bank | Four Oaks Bank & Trust Company |
| Apr 17, 2008 | Sun Belt Bancshares Corporation | Woodforest Financial Group, Inc. |
| Apr 14, 2008 | Gilman Corporation | Dairyland Bancorp, Inc. |
| Apr 14, 2008 | State Bank of Gilman | Dairyland State Bank |
| Apr 12, 2008 | Georgia State Bank | RBC Bank (USA) |
| Apr 12, 2008 | Cypress Coquina Bank | RBC Bank (USA) |
| Apr 12, 2008 | Florida Choice Bank | RBC Bank (USA) |
| Apr 12, 2008 | Millennium Bank | RBC Bank (USA) |
| Apr 12, 2008 | Community Bank of Naples, National Association | RBC Bank (USA) |
| Apr 12, 2008 | The Peachtree Bank | RBC Bank (USA) |
| Apr 12, 2008 | Indian River National Bank | RBC Bank (USA) |
| Apr 11, 2008 | The Waurika National Bank | First Bank & Trust Company |
| Apr 11, 2008 | Midland Delaware Financial Corporation | Midland Bancshares, Inc. |
| Apr 7, 2008 | Hansen Bancorporation | Bank Iowa Corporation |
| Apr 5, 2008 | Miners Bancshares, Inc. | Labette County Bankshares, Inc. |
| Apr 5, 2008 | Sterling Financial Corporation | The PNC Financial Services Group, Inc. |
| Apr 5, 2008 | The Miners State Bank of Frontenac, Kansas | Labette Bank |
| Apr 4, 2008 | Clinton County U. S. Employees Federal Credit Union | Dannemora Federal Credit Union |
| Apr 2, 2008 | Barnsdall State Bank | Osage Federal Bank |
| Apr 1, 2008 | First Combined Community Federal Credit Union | Prince George's Community Federal Credit Union |
| Apr 1, 2008 | Health Employees Chatham County Credit Union | Memorial Health Credit Union |
| Apr 1, 2008 | Knife River Credit Union | Capital Credit Union |
| Apr 1, 2008 | Central Penn Investment Co. | F.N.B. Corporation |
| Apr 1, 2008 | Omega Financial Corporation | F.N.B. Corporation |
| Apr 1, 2008 | The Farmers National Bank of Kittanning | NexTier Bank, N.A. |
| Apr 1, 2008 | T H D 25 Federal Credit Union | The People's Federal Credit Union |
| Apr 1, 2008 | Merchants Bank, National Association | Merchants Bank, National Association |
| Apr 1, 2008 | Wisconsin Aluminum Foundry Employees Credit Union | Shipbuilders Credit Union |
| Apr 1, 2008 | Duke Federal Credit Union | Riverset Credit Union |
| Apr 1, 2008 | PFP Federal Credit Union | Hidden River Credit Union |
| Apr 1, 2008 | Omega Bank | First National Bank of Pennsylvania |
| Apr 1, 2008 | First District Dot Employees Credit Union | Connect Credit Union |
| Apr 1, 2008 | Community First Bank | Hancock Bank & Trust Company |
| Apr 1, 2008 | Shaker Community Credit Union, Inc. | Buckeye State Credit Union, Inc. |
| Apr 1, 2008 | Baptist Missionary Association Credit Union | Neighborhood Credit Union |
| Apr 1, 2008 | D M C Credit Union | The Local Federal Credit Union |
| Apr 1, 2008 | Fairbank State Bank | Northeast Security Bank |
| Apr 1, 2008 | Spinc Federal Credit Union | Mycom Federal Credit Union |
| Apr 1, 2008 | Marketplace Federal Credit Union | Alive Credit Union |
| Apr 1, 2008 | Boca Raton Employees Federal Credit Union | South Atlantic Federal Credit Union |
| Apr 1, 2008 | Bank of Astoria | Columbia State Bank |
| Apr 1, 2008 | The First National Bank of New Holland | The Milton Banking Company |
| Apr 1, 2008 | Nordstrom Sulphur Springs Federal Credit Union | Service 1st 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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