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.
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 |
|---|---|---|
| Aug 30, 2008 | United Bank, National Association | The Park National Bank |
| Aug 30, 2008 | The Richland Trust Company | The Park National Bank |
| Aug 30, 2008 | EverBank Reverse Mortgage LLC | Metlife Bank, N.A. |
| Aug 30, 2008 | 1st Independence Financial Group, Inc. | Mainsource Financial Group, Inc. |
| Aug 28, 2008 | TCB Delaware, Inc. | Texas Country Bancshares, Inc. |
| Aug 23, 2008 | The Bank of Commerce, Wetumka, Oklahoma | Mabrey Bank |
| Aug 23, 2008 | Eastern Mass Employees Federal Credit Union | SJB Federal Credit Union |
| Aug 19, 2008 | Associated Press Employees Federal Credit Union | Entertainment Industries Federal Credit Union |
| Aug 19, 2008 | Grandview Delaware Financial, Inc. | Grandview Bancshares, Inc. |
| Aug 18, 2008 | Fiserv Trust Company | TD Bank USA, N.A. |
| Aug 16, 2008 | Century National Bank | The Park National Bank |
| Aug 16, 2008 | J.P. Morgan Trust Company, N.A. | JPMorgan Chase Bank, N.A. |
| Aug 16, 2008 | Iron and Glass Bancorp, Inc. | F.N.B. Corporation |
| Aug 16, 2008 | Ellis State Bank | Equity Bank |
| Aug 16, 2008 | First National Bank of Montgomery | Frandsen Bank & Trust |
| Aug 16, 2008 | El Cap Credit Union | Envista Federal Credit Union |
| Aug 16, 2008 | Second National Bank | The Park National Bank |
| Aug 16, 2008 | First State Bank Iowa | Luana Savings Bank |
| Aug 16, 2008 | Iron and Glass Bank | First National Bank of Pennsylvania |
| Aug 15, 2008 | Citrus Financial Services, Inc. | Cib Marine Bancshares, Inc. |
| Aug 15, 2008 | Citrus Bank, National Association | 1st United Bank |
| Aug 10, 2008 | First National Bank of Nassau County | CBC National Bank |
| Aug 9, 2008 | Bank of Holden | Central Bank of Warrensburg |
| Aug 9, 2008 | Holden Acquisition Corporation | Warrensburg Bancshares, Inc. |
| Aug 9, 2008 | Delaware Sterling Bank & Trust Company | PNC Bank, Delaware |
| Aug 9, 2008 | Sterling Financial Trust Company | PNC Bank, N.A. |
| Aug 9, 2008 | Golden Triangle Bancshares, Inc. | Citizens Union Bancorp of Shelbyville, Inc. |
| Aug 9, 2008 | BLC Bank N.A. | PNC Bank, N.A. |
| Aug 9, 2008 | The First State Bank | MidWestOne Bank |
| Aug 9, 2008 | Ridgedale State Bank | Highland Bank |
| Aug 9, 2008 | Citizens Bank | First Farmers Bank and Trust Company |
| Aug 9, 2008 | MidWestOne Bank | MidWestOne Bank |
| Aug 5, 2008 | Greers Ferry Lake State Bank | First Arkansas Bank and Trust |
| Aug 4, 2008 | Garden State Brith Sholom Federal Credit Union | First Harvest Federal Credit Union |
| Aug 2, 2008 | Mills County Delaware Financial Corporation | Goldthwaite Bancshares, Inc. |
| Aug 1, 2008 | Colony Bank Quitman, FSB | Colony Bank |
| Aug 1, 2008 | Provantage Funding Corporation | Wilber National Bank |
| Aug 1, 2008 | Brownsboro Delaware Holdings, Inc. | Brownsboro Bancshares, Inc. |
| Aug 1, 2008 | Transcommunity Bank, National Association | Essex Bank |
| Aug 1, 2008 | Peoples Loan Services Inc. | Peoples Bank |
| Aug 1, 2008 | K&T Financial Corporation | Eden Financial Corporation |
| Aug 1, 2008 | Traders Bankshares, Inc. | Premier Financial Bancorp, Inc. |
| Aug 1, 2008 | North Attleboro Federal Credit Union | Sharon & Crescent United Credit Union |
| Aug 1, 2008 | Colony Bank Wilcox | Colony Bank |
| Aug 1, 2008 | Metropolitan Baptist Church Federal Credit Union | Democracy Federal Credit Union |
| Aug 1, 2008 | Danville Regional Medical Federal Credit Union | Urw Community Federal Credit Union |
| Aug 1, 2008 | Colony Bank Worth | Colony Bank |
| Aug 1, 2008 | Manpoe Federal Credit Union | Nutmeg State Financial Credit Union |
| Aug 1, 2008 | Phoenix Federal Credit Union | Nutmeg State Financial Credit Union |
| Aug 1, 2008 | Colony Bank of Dodge County | Colony 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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