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 |
|---|---|---|
| Nov 3, 2008 | Forsyth County Employees Credit Union | Summit Credit Union |
| Nov 1, 2008 | McCamey Financial Delaware Corporation | Security Star Bancshares, Inc. |
| Nov 1, 2008 | Tahoka First Financial, Inc. | Tahoka First Bancorp, Inc. |
| Nov 1, 2008 | Bay Community Bank | Atlantic Union Bank |
| Nov 1, 2008 | State of Franklin Bancshares, Inc. | Jefferson Bancshares, Inc. |
| Nov 1, 2008 | Comerica West Incorporated | Comerica Bank |
| Nov 1, 2008 | Esbt, Inc. | Ennis Bancshares, Inc. |
| Nov 1, 2008 | CNB, Inc. | Centrabanc Corporation |
| Nov 1, 2008 | Citizens Bank of Jessamine County | United Bank & Trust Company |
| Nov 1, 2008 | Monahans Delaware Financial Corporation | Security Star Bancshares, Inc. |
| Nov 1, 2008 | First National Monahans Bancshares, Inc. | Security Star Bancshares, Inc. |
| Nov 1, 2008 | (unnamed) | Jefferson Federal Bank |
| Nov 1, 2008 | Community Bankshares, Inc. | First Citizens Bank and Trust Company, Inc. |
| Nov 1, 2008 | Community Resource Bank, National Association | First Citizens Bank and Trust Company, Inc. |
| Nov 1, 2008 | First National Bancshares of Nelsonville, Inc. | FNB Shares, Inc. |
| Nov 1, 2008 | Grimes Credit Union, Inc. | Wright-Patt Credit Union, Inc. |
| Nov 1, 2008 | Summit Credit Union | Summit Credit Union |
| Nov 1, 2008 | Janesville Municipal Employees Credit Union | First Community Credit Union of Beloit |
| Nov 1, 2008 | The Citadel Bank | UMB Bank Colorado, National Association |
| Nov 1, 2008 | North Star Federal Credit Union | Superior Credit Union Inc |
| Nov 1, 2008 | T and C Federal Credit Union | Genisys Credit Union dba Genisys Investment Services |
| Nov 1, 2008 | Dresser Bradford Fcu | Mountain Laurel Federal Credit Union |
| Nov 1, 2008 | Progressive Teachers Federal Credit Union | Chattanooga Area School Federal Credit Union |
| Nov 1, 2008 | Fort Defiance Community Federal Credit Union | Midwest Community Federal Credit Union |
| Nov 1, 2008 | Central Florida Heathcare Federal Credit Union | McCoy Federal Credit Union |
| Nov 1, 2008 | The Farmers Bank and Trust Company of Georgetown, Kentucky | United Bank & Trust Company |
| Nov 1, 2008 | Wilmington Trust of Pennsylvania | Wilmington Trust, National Association |
| Nov 1, 2008 | Clara Barton Federal Credit Union | Pentagon Federal Credit Union |
| Nov 1, 2008 | College Station Community Federal Credit Union | Hope Federal Credit Union |
| Nov 1, 2008 | Morton Savings Bank | Sharon Bank |
| Nov 1, 2008 | Indian Village Community Bank | The Commercial and Savings Bank of Millersburg, Ohio |
| Nov 1, 2008 | Intermountain Credit Union | America First Federal Credit Union |
| Nov 1, 2008 | Great American Community Credit Union | Bellco Credit Union |
| Nov 1, 2008 | The First National Bank of Nelsonville | The First National Bank of McConnelsville |
| Nov 1, 2008 | Auto Body Workers of Ionia Credit Union | Astera Credit Union dba Astera Investment Services |
| Nov 1, 2008 | Shawano Paper Mills Employees Credit Union | Covantage Credit Union |
| Nov 1, 2008 | Massac County Credit Union | Siu Credit Union |
| Oct 28, 2008 | FBT, Inc. | Fidelity Bancshares, Inc. |
| Oct 26, 2008 | Anchor Federal Credit Union | Wave Federal Credit Union |
| Oct 25, 2008 | Citizens & Merchants State Bank | Bank of North Georgia |
| Oct 25, 2008 | Citizens First Bank, Inc. | Traders Bank |
| Oct 25, 2008 | Citizens Bank and Trust of West Georgia | Bank of North Georgia |
| Oct 25, 2008 | Spalding City Bank | Citizens State Bank |
| Oct 25, 2008 | Valley Bank (National Association) | Liberty National Bank |
| Oct 20, 2008 | Benton Banking Company | Builtwell Bank |
| Oct 18, 2008 | Citizens Delaware Corporation | Lubco Bancshares, Inc. |
| Oct 18, 2008 | The Jackson State Bank | Wells Fargo Bank, N.A. |
| Oct 18, 2008 | Shoshone First Bank | Wells Fargo Bank, N.A. |
| Oct 18, 2008 | Sheridan State Bank | Wells Fargo Bank, N.A. |
| Oct 18, 2008 | First State Bank of Pinedale | Wells Fargo 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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