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 1, 2008 | The Bank of Bradford | Carroll Bank and Trust |
| Dec 1, 2008 | Haverhill Municipal Employees Credit Union | HTM Credit Union |
| Dec 1, 2008 | National Bank of Montpelier | The State Bank and Trust Company |
| Dec 1, 2008 | Sheffer Collet/itw Employees Federal Credit Union | 4Front Credit Union |
| Dec 1, 2008 | Texas Transportation Federal Credit Union | Greater Texas Federal Credit Union |
| Dec 1, 2008 | Yard Wide Federal Credit Union | Ithink Financial Credit Union |
| Dec 1, 2008 | M a T C Credit Union | University of Wisconsin Credit Union |
| Dec 1, 2008 | Southeast Nebraska Federal Credit Union | Membersown Credit Union |
| Dec 1, 2008 | BTW Federal Credit Union | Avadian Credit Union |
| Dec 1, 2008 | Douglas Credit Union | Credit Union 1 |
| Nov 30, 2008 | Capital Trust Federal Credit Union | Saint Paul Federal Credit Union |
| Nov 30, 2008 | American State Financial Corporation of Delaware | American State Financial Corporation |
| Nov 30, 2008 | Arkansas Bankers' Bancorporation, Inc. | First National Bankers Bankshares, Inc. |
| Nov 30, 2008 | Victory Federal Credit Union | Northwood Federal Credit Union |
| Nov 30, 2008 | Lawrence Firefighters Federal Credit Union | Nesc Federal Credit Union |
| Nov 29, 2008 | First Independent Bank of Wood Lake | First Independent Bank |
| Nov 29, 2008 | (unnamed) | Farmers and Merchants Trust Company of Chambersburg |
| Nov 29, 2008 | (unnamed) | Pacific Community Credit Union |
| Nov 28, 2008 | Goldman Sachs Bank USA | Goldman Sachs Bank USA |
| Nov 28, 2008 | (unnamed) | Goldman Sachs Bank USA |
| Nov 22, 2008 | Chambers Bank of North Arkansas | Chambers Bank |
| Nov 22, 2008 | Community Investment, Inc. | Chambers Bancshares, Inc. |
| Nov 21, 2008 | Delaware International Bancshares, Inc. | First International Bancshares, Inc. |
| Nov 20, 2008 | Lockhart Bankshares - Delaware, Inc. | Lockhart Bankshares, Inc. |
| Nov 20, 2008 | First Charter Leasing & Investing, Inc. | Fifth Third Bank, National Association |
| Nov 19, 2008 | Sikeston Community Credit Union | West Community Credit Union |
| Nov 18, 2008 | Snook Bancshares, Inc. | Spirit of Texas Bancshares, Inc. |
| Nov 17, 2008 | Windham County Vea Credit Union | River Valley Credit Union |
| Nov 16, 2008 | Church Street Management Corporation | RBC Bank (USA) |
| Nov 16, 2008 | Church Street Management, Inc. | RBC Bank (USA) |
| Nov 15, 2008 | Community Bank | National Bank of Commerce |
| Nov 15, 2008 | Coddle Creek Financial Corp. | First Community Bankshares, Inc. |
| Nov 15, 2008 | First State Bancorp, Inc. | Red River Bancorp, Inc. |
| Nov 15, 2008 | The First State Company | Red River Bancorp, Inc. |
| Nov 15, 2008 | Mooresville Savings Bank, SSB | First Community Bank |
| Nov 15, 2008 | Anchor Bank Farmington, N.A. | Anchor Bank, National Association |
| Nov 15, 2008 | 1st Independence Bank | MainSource Bank |
| Nov 14, 2008 | Century Delaware Financial Corporation | Century Bancshares, Inc. |
| Nov 14, 2008 | Medina Financial, Inc. | Medina Bankshares, Inc. |
| Nov 13, 2008 | Service 1st Bank | Community West Bank |
| Nov 13, 2008 | Service 1st Bancorp | Community West Bancshares |
| Nov 10, 2008 | Marlborough Co-operative Bank | Butler Bank, a Co-Operative Bank |
| Nov 8, 2008 | Farley State Bank | BankLiberty |
| Nov 8, 2008 | Parish National Corporation | Whitney Holding Corporation |
| Nov 8, 2008 | The Scottish Bank, National Association | South State Bank |
| Nov 8, 2008 | Hamlin Financial Corporation of Delaware | The Hamlin Financial Corporation |
| Nov 7, 2008 | Van Alstyne Nevada Financial Corporation | Van Alstyne Financial Corporation |
| Nov 6, 2008 | Unicredit Banca Di Roma S.P.A. | Unicredit S.P.A. |
| Nov 6, 2008 | Security Federal Bancorp, Inc. | Capstone Bancshares, Inc. |
| Nov 6, 2008 | Security Bank | Capstone Bank |
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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