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 |
|---|---|---|
| Oct 18, 2008 | Elk County Savings and Loan Association | The Farmers National Bank of Emlenton |
| Oct 17, 2008 | LaSalle Bank National Association | Bank of America, N.A. |
| Oct 17, 2008 | South Plains Delaware Financial Corporation | South Plains Financial, Inc. |
| Oct 17, 2008 | First Community Bank San Antonio, National Association | First Community Bank, N.A. |
| Oct 17, 2008 | LaSalle Bank Midwest National Association | Bank of America, N.A. |
| Oct 16, 2008 | Lasalle Business Credit, LLC | LaSalle Bank National Association |
| Oct 15, 2008 | River City Bank | Village Bank |
| Oct 11, 2008 | Susquehanna Bank DV | Susquehanna Bank |
| Oct 11, 2008 | Partners Financial Holdings Inc | First Clover Leaf Financial Corp |
| Oct 11, 2008 | Partners Bank | First Clover Leaf Bank, National Association |
| Oct 11, 2008 | First Security Bank of Conway | First Security Bank |
| Oct 11, 2008 | Susquehanna Bank | Susquehanna Bank |
| Oct 11, 2008 | MassBank | Eastern Bank |
| Oct 11, 2008 | State Bank | Fidelity Bank & Trust |
| Oct 9, 2008 | (unnamed) | Lone Star State Bank of West Texas |
| Oct 9, 2008 | First of Brownfield Corporation | Lone Star State Bank of West Texas |
| Oct 7, 2008 | Providence Baptist Federal Credit Union | Servco Federal Credit Union |
| Oct 4, 2008 | Citadel Delaware Financial Corporation | Citadel Bancorp, Inc. |
| Oct 3, 2008 | La Plata Delaware Bancshares, Inc. | La Plata Bancshares, Inc. |
| Oct 1, 2008 | News-Record Credit Union | Summit Credit Union |
| Oct 1, 2008 | National City Mortgage Co. | National City Bank |
| Oct 1, 2008 | Citizens First Trust Company, LLC | Sabal Trust Company |
| Oct 1, 2008 | Sbsi, Inc. | Susquehanna Bank |
| Oct 1, 2008 | First Savers Bank | Plantation Federal Bank |
| Oct 1, 2008 | Commerce Bancshares, Inc. | Commerce Bancshares, Inc. |
| Oct 1, 2008 | Citizens Bank of Norborne | Goppert Financial Bank |
| Oct 1, 2008 | Maremont Employees Federal Credit Union | Ornl Federal Credit Union |
| Oct 1, 2008 | Security Federal Credit Union | Security Credit Union |
| Oct 1, 2008 | VP&P Employees Federal Credit Union | New Orleans Firemens Federal Credit Union |
| Oct 1, 2008 | Saint Albert the Great Federal Credit Union | Tri Boro Federal Credit Union |
| Oct 1, 2008 | Kirkwood Municipal Credit Union | West Community Credit Union |
| Oct 1, 2008 | Louisville District U.S. Engineers Employees Credit Union | Transcend Credit Union |
| Oct 1, 2008 | Modine Employees Credit Union | Southern Lakes Credit Union |
| Oct 1, 2008 | Commerce Bank, N.A. | Commerce Bank |
| Oct 1, 2008 | Leblond Federal Credit Union | Kemba Credit Union, Inc. |
| Oct 1, 2008 | Ceramic Federal Credit Union | Stark Federal Credit Union |
| Oct 1, 2008 | Commerce Bank, National Association | Commerce Bank |
| Oct 1, 2008 | First Hospitality Federal Credit Union | Family Security Credit Union |
| Oct 1, 2008 | Mon Postal Federal Credit Union | Tri Boro Federal Credit Union |
| Oct 1, 2008 | Headwaters Federal Credit Union | Trustar Federal Credit Union |
| Oct 1, 2008 | First Industrial Federal Credit Union | La Terre Federal Credit Union |
| Oct 1, 2008 | Lahaina Federal Credit Union | Valley Isle Community Federal Credit Union |
| Oct 1, 2008 | BBM Federal Credit Union | Avadian Credit Union |
| Oct 1, 2008 | Dayton Postal Employees Credit Union, Inc. | Postal Family Credit Union |
| Oct 1, 2008 | Davenport Fire Department Credit Union | The Family Credit Union |
| Oct 1, 2008 | York Sylvania Employees Federal Credit Union | First Capital Federal Credit Union |
| Sep 30, 2008 | Alliance of Poles Federal Credit Union | Steel Valley Federal Credit Union |
| Sep 30, 2008 | Eb Corp | Susquehanna Bank DV |
| Sep 30, 2008 | Dunlap Corporation | Greene Investment Co. |
| Sep 29, 2008 | Fort Worth National Bank | Southside 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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