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 |
|---|---|---|
| Aug 1, 2008 | Clinton County Postal Credit Union | 1st Gateway Credit Union |
| Aug 1, 2008 | NBanC | NBC Oklahoma |
| Aug 1, 2008 | Colony Bank Ashburn | Colony Bank |
| Aug 1, 2008 | Colony Bank Southeast | Colony Bank |
| Jul 26, 2008 | The Continental National Bank of Harlowton | Citizens Bank & Trust Company |
| Jul 26, 2008 | Zion United Credit Union | Denver Community Credit Union dba Zing Credit Union |
| Jul 25, 2008 | First National Bank of Gwinnett | Suntrust Bank |
| Jul 25, 2008 | Home Town Bank of Villa Rica | Suntrust Bank |
| Jul 25, 2008 | United Bank & Trust Company | Suntrust Bank |
| Jul 25, 2008 | First National Bank of the South | Suntrust Bank |
| Jul 25, 2008 | Gainesville Bank & Trust | Suntrust Bank |
| Jul 25, 2008 | Community Trust Bank | Suntrust Bank |
| Jul 25, 2008 | Mountain State Bank | Suntrust Bank |
| Jul 21, 2008 | Countryside Bancshares, Inc. | Countryside Acquisition Corporation |
| Jul 21, 2008 | Countryside Bank | The Bank of Missouri |
| Jul 19, 2008 | MFB Financial (The "Savings Bank") | MutualBank |
| Jul 19, 2008 | Guaranty Bancshares, Inc. | Central Bancompany, Inc |
| Jul 19, 2008 | The Greene County Bank | Central Bank of The Ozarks |
| Jul 18, 2008 | Columbia County Farmers National Bank | Journey Bank |
| Jul 18, 2008 | Columbia Financial Corporation | Muncy Columbia Financial Corporation |
| Jul 18, 2008 | Goodman State Bank | First Community Bank |
| Jul 16, 2008 | J M P Employees Federal Credit Union | Jamestown Area Community Federal Credit Union |
| Jul 15, 2008 | Dallas Western Union Employees Credit Union | Corner Stone Credit Union |
| Jul 14, 2008 | First Security Bank - Renville | First Security Bank - Sleepy Eye |
| Jul 12, 2008 | The Belvidere National Bank and Trust Company | Alpine Bank & Trust Co. |
| Jul 12, 2008 | (unnamed) | Cohutta Banking Company |
| Jul 12, 2008 | The Lancaster National Bank | Passumpsic Savings Bank |
| Jul 11, 2008 | (unnamed) | First Place Bank |
| Jul 8, 2008 | Murray County Federal Credit Union | Comtrust Federal Credit Union |
| Jul 7, 2008 | Skidmore Students Federal Credit Union | Broadview Federal Credit Union |
| Jul 4, 2008 | Spectrum Bank | Professional Business Bank |
| Jul 3, 2008 | Alician Fcu | Servco Federal Credit Union |
| Jul 3, 2008 | Holden Bankshares, Inc. | Holden Acquisition Corporation |
| Jul 1, 2008 | City of Alexandria Employees Credit Union | Commonwealth One Federal Credit Union |
| Jul 1, 2008 | MRS. Tuckers Jacksonville Federal Credit Union | Sangamo Chapter Credit Union |
| Jul 1, 2008 | Mellon Trust of New England, National Association | The Bank of New York Mellon |
| Jul 1, 2008 | Mellon Trust of New England, National Association | BNY Mellon, N.A. |
| Jul 1, 2008 | Clarion University Federal Credit Union | Pennsylvania State Employees Cu |
| Jul 1, 2008 | Putnam County Teachers Credit Union | First Coast Community Credit Union |
| Jul 1, 2008 | Missouri Family Federal Credit Union | R-G Federal Credit Union |
| Jul 1, 2008 | Cannon Financial Federal Credit Union | Financial Partners Credit Union |
| Jul 1, 2008 | 1st United Labor Federal Credit Union | Beacon Community Credit Union |
| Jul 1, 2008 | Media 1st Federal Credit Union | Call Federal Credit Union |
| Jul 1, 2008 | Key Federal Credit Union | Smart Financial Credit Union |
| Jul 1, 2008 | D O D Federal Credit Union | Southwest Michigan Federal Credit Union |
| Jul 1, 2008 | Northwest Navigation Federal Credit Union | Waterfront Federal Credit Union |
| Jul 1, 2008 | Electrical Workers 601 Credit Union | University of Illinois Community Credit Union |
| Jul 1, 2008 | Mission Arts Employees Federal Credit Union | Northwestern Energy Employees Federal Credit Union |
| Jul 1, 2008 | Mellon Securities Trust Company | The Bank of New York Mellon |
| Jul 1, 2008 | Rochester Federal Credit Union | Xceed Financial 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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