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 |
|---|---|---|
| Apr 1, 2008 | Holy Cross Hospital Employees Credit Union | South Division Credit Union |
| Apr 1, 2008 | Dea Federal Credit Union | Chattanooga Area School Federal Credit Union |
| Apr 1, 2008 | First Aviation Federal Credit Union | Pegasus Community Credit Union |
| Apr 1, 2008 | UBS Trust Company, N.A. | UBS Trust Company, N.A. |
| Apr 1, 2008 | Missouri Farmers Union Credit Union | Multipli Federal Credit Union |
| Apr 1, 2008 | Texas Gulf Investments Inc | Texas Gulf Bancshares, Inc. |
| Apr 1, 2008 | Choice Bank | Silver State Bank |
| Apr 1, 2008 | Community First Financial Bancorp, Inc. | Milton Bancorp, Inc. |
| Apr 1, 2008 | F & a Financial Corporation | NexTier Incorporated |
| Apr 1, 2008 | Sheffield Financial LLC | BB&T Financial, FSB |
| Mar 31, 2008 | Hoeganaes Employees Federal Credit Union | Edifi Federal Credit Union |
| Mar 31, 2008 | Unicredit Banca Mobiliare S.P.A | Unicredit S.P.A. |
| Mar 31, 2008 | Cardinal State Bank | Yadkin Bank |
| Mar 31, 2008 | American Savings, Inc. | Roundbank |
| Mar 31, 2008 | Saint Clare's Hospital Employees Federal Credit Union | Sunmark Credit Union |
| Mar 31, 2008 | Perry County Bancshares, Inc. | Farmers and Merchants Bankshares, Inc. |
| Mar 31, 2008 | University Lutheran Church of Hope Credit Union | Blaze Credit Union |
| Mar 31, 2008 | Denison City Employees Federal Credit Union | Texoma Educators Federal Credit Union |
| Mar 31, 2008 | Ohio Casualty Employees Credit Union, Inc. | Connexus Credit Union |
| Mar 31, 2008 | Newport Columbian Federal Credit Union | Peoples Credit Union |
| Mar 31, 2008 | Calkins Media Federal Credit Union | Inspire Federal Credit Union |
| Mar 30, 2008 | DNB Bancshares, Inc. | The ANB Corporation |
| Mar 29, 2008 | New Century Bank South | Select Bank & Trust Company |
| Mar 29, 2008 | Metabank West Central | Rolling Hills Bank & Trust |
| Mar 29, 2008 | Mutual Community Savings Bank, SSB | Mechanics & Farmers Bank |
| Mar 29, 2008 | Acco York Fcu | White Rose Credit Union |
| Mar 27, 2008 | Farmers and Merchants Bank of Hale | Carroll County Trust Company of Carrollton, Missouri |
| Mar 25, 2008 | Home Credit Capital Corporation | Home Credit Corporation |
| Mar 25, 2008 | Home Credit Mortgage Corporation | Home Credit Corporation |
| Mar 22, 2008 | First National Bank in Bronte | The First National Bank of Sterling City |
| Mar 22, 2008 | MidSouth Bank-Texas, National Association | Midsouth Bank, N.A. |
| Mar 22, 2008 | Lake Country State Bank | Minnesota National Bank |
| Mar 21, 2008 | The First National Bank of Mt. Pulaski | INB, N.A. |
| Mar 21, 2008 | Carthage Nevada Financial Group, Inc. | Carthage State Bancshares, Inc. |
| Mar 21, 2008 | Roe Properties LLC | The Mission Bank |
| Mar 20, 2008 | Saint Marys County Federal Credit Union | Educational Systems Federal Credit Union |
| Mar 18, 2008 | Quitman Bancorporation, Inc. | BT Holdings, Inc. |
| Mar 18, 2008 | CNB Financial Corporation of Delaware, Inc. | CNB Financial Corporation, Inc. |
| Mar 17, 2008 | TCSB Mortgage Company | Traverse City State Bank |
| Mar 15, 2008 | FirstBank of Breckenridge | FirstBank of Summit County |
| Mar 15, 2008 | Pavilion Bancorp, Inc. | Premier Financial Corp. |
| Mar 15, 2008 | Resource Bank | Fulton Bank, N.A. |
| Mar 15, 2008 | Greater Bay Bank, National Association | Wells Fargo Bank, N.A. |
| Mar 15, 2008 | Eagle Banks, Inc. | Coloeast Bankshares, Inc. |
| Mar 15, 2008 | Minnwest Bank Ortonville | Minnwest Bank Central |
| Mar 15, 2008 | Prosperity Bank and Trust Company | Atlantic Union Bank |
| Mar 15, 2008 | Bank of Lenawee | Premier Bank |
| Mar 15, 2008 | The First National Bank of Stratton | Colorado East Bank & Trust |
| Mar 15, 2008 | Times Staffers Federal Credit Union | Suncoast Credit Union |
| Mar 14, 2008 | Aims Logistics, LLC | U.S. Bank N.A. |
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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