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 |
|---|---|---|
| Jan 3, 2008 | Union Bankshares Company | Camden National Corporation |
| Jan 3, 2008 | Crockett Bancshares of Delaware, Inc. | Crockett County National Bancshares, Inc |
| Jan 3, 2008 | S & C Bank | AnchorBank, FSB |
| Jan 2, 2008 | Extraco Mortgage Corporation | Extraco Banks, N.A. |
| Jan 2, 2008 | Oxford Employees Credit Union | Carolina Foothills Federal Credit Union |
| Jan 2, 2008 | First Indiana Corporation | M&I LLC |
| Jan 1, 2008 | Anoka County Federal Credit Union | Anoka Hennepin Credit Union |
| Jan 1, 2008 | East Carolina University Credit Union | State Employees Credit Union |
| Jan 1, 2008 | Municipal Thrift Club Credit Union | Southern Select Community Cu |
| Jan 1, 2008 | Balance Rock Credit Union | Utah Power Credit Union |
| Jan 1, 2008 | Centennial Bank of the West | Guaranty Bank and Trust Company |
| Jan 1, 2008 | High Country Credit Union | Credit Union of the Rockies |
| Jan 1, 2008 | Dav Employees Federal Credit Union | C & O United Credit Union |
| Jan 1, 2008 | Saint Patricks Parish West Park Federal Credit Union | Unity Catholic Federal Credit Union |
| Jan 1, 2008 | Gaf Mobile Federal Credit Union | All in Federal Credit Union |
| Jan 1, 2008 | Ryder Cooperative Credit Union | Town & Country Credit Union |
| Jan 1, 2008 | Wyandotte Community Federal Credit Union | Downriver Community Federal Credit Union |
| Jan 1, 2008 | LyndonBank | Community National Bank |
| Jan 1, 2008 | Tuition Management Systems, Inc. | KeyBank N.A. |
| Jan 1, 2008 | Executive House, Inc | First Financial Northwest Bank |
| Jan 1, 2008 | Prosper Delaware Financial Corporation | Prosper Bancshares, Inc. |
| Jan 1, 2008 | CTB Holdings Delaware, Inc. | Independent Bank Group Central Texas, Inc. |
| Jan 1, 2008 | Pro Mortgage Partners, LLC | The Farmers Bank and Trust Company of Georgetown, Kentucky |
| Jan 1, 2008 | Centennial Bancshares, Inc | Home Bancshares, Inc. |
| Jan 1, 2008 | Professional Capital of Delaware, Inc. | Professional Capital, Inc. |
| Jan 1, 2008 | Central Dallas Federal Credit Union | Texans Credit Union |
| Jan 1, 2008 | Louisiana Community Bancshares, Inc. | Pedestal Bancshares, Inc. |
| Jan 1, 2008 | VB Bancshares, Inc. | Independent Bank Group, Inc. |
| Jan 1, 2008 | IB&T Mortgage Company | Isabella Bank |
| Jan 1, 2008 | FSB Mortgage Company | Isabella Bank |
| Jan 1, 2008 | Greenville Community Mortgage Company | Isabella Bank |
| Jan 1, 2008 | Santander Mortgage Corp. | Banco Santander Puerto Rico |
| Jan 1, 2008 | Fourth Street Group, Inc. | Wills Point Financial Corporation |
| Jan 1, 2008 | Anson Bancshares of Delaware, Inc. | Anson Bancshares, Inc. |
| Jan 1, 2008 | Greenville Community Financial Corporation | Isabella Bank Corporation |
| Jan 1, 2008 | Greenville Community Bank | Isabella Bank |
| Jan 1, 2008 | Lamar Delaware Bancorporation, Inc. | Lamar Bancorporation, Inc. |
| Jan 1, 2008 | The Delaware Community Group, Inc. | The Community Group, Inc. |
| Jan 1, 2008 | Xit Delaware, Inc. | Xit Bancshares, Inc. |
| Jan 1, 2008 | North Central Texas Financial Corporation | North Central Texas Bancshares, Inc. |
| Jan 1, 2008 | Sulphur Springs Delaware Financial Corporation | Sulphur Springs Bancshares, Inc. |
| Jan 1, 2008 | Herring Bancshares, Inc. | Herring Bancorp, Inc. |
| Jan 1, 2008 | Usb Capital Funding Corp. | U.S. Bank N.A. |
| Jan 1, 2008 | Jacksboro Bancshares of Delaware, Inc. | Jacksboro National Bancshares, Inc. |
| Jan 1, 2008 | Chittenden Corporation | People's United Financial, Inc. |
| Jan 1, 2008 | U.S.B. Holding Co., Inc. | Keycorp |
| Jan 1, 2008 | E.L.L. Credit Union, Inc. | Eaton Family Credit Union |
| Jan 1, 2008 | Deshon V a Employees Federal Credit Union | Armco Credit Union |
| Jan 1, 2008 | Associates Mutual Credit Union | Investex Credit Union |
| Jan 1, 2008 | The Community Federal Credit Union | Montana 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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