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 |
|---|---|---|
| Jul 1, 2008 | Greater Community Bank | Valley National Bank |
| Jul 1, 2008 | Intermatic Credit Union | Great Lakes Credit Union |
| Jul 1, 2008 | Bce Federal Credit Union | Ingersoll-Rand Federal Credit Union |
| Jul 1, 2008 | Langford State Bank | First State Bank of Claremont |
| Jul 1, 2008 | Skyline Federal Credit Union | Usalliance Federal Credit Union |
| Jul 1, 2008 | Southern Delaware Postal Employees Federal Credit Union | Tidemark Federal Credit Union |
| Jul 1, 2008 | Fedcon Employees Federal Credit Union | Waypoint Federal Credit Union |
| Jul 1, 2008 | State Bank & Trust Company | Whitaker Bank, Inc |
| Jul 1, 2008 | Jack Armstrong Federal Credit Union | Welcome Federal Credit Union |
| Jul 1, 2008 | Florida Publishing Company Employees Federal Credit Union | Radifi Federal Credit Union |
| Jul 1, 2008 | Peoples and Employees Federal Credit Union | Pinnacle Credit Union |
| Jul 1, 2008 | Mayes County Federal Credit Union | Red Crown Federal Credit Union |
| Jul 1, 2008 | Tek Ni Kal Credit Union | Freestar Financial Credit Union |
| Jul 1, 2008 | Cushing Federal Credit Union | Tinker Federal Credit Union |
| Jul 1, 2008 | G P C-K F I-A S I Credit Union | Bent River Community Credit Union |
| Jul 1, 2008 | Greater Community Bancorp | Valley National Bancorp |
| Jul 1, 2008 | Mellon Trust of California | BNY Mellon, N.A. |
| Jul 1, 2008 | Mellon Trust of New York, LLC | BNY Mellon, N.A. |
| Jul 1, 2008 | Mellon Trust of Washington | BNY Mellon, N.A. |
| Jul 1, 2008 | Dreyfus Trust Company | The Bank of New York Mellon |
| Jul 1, 2008 | The Peoples Bank of Coffee County | Troy Bank & Trust Company |
| Jul 1, 2008 | State Financial Services, Inc. | Whitaker Bank Corporation of Kentucky |
| Jul 1, 2008 | Mellon Trust Company of Illinois | BNY Mellon Trust Company of Illinois |
| Jul 1, 2008 | Doral International, Inc. | Doral Bank |
| Jul 1, 2008 | Milam Financial Corporation | Central Texas Financial Corp. |
| Jul 1, 2008 | Andrews Holding Company - Nevada | Andrews Holding Company |
| Jul 1, 2008 | Founders Mortgage Company, LLC | Founders Bank & Trust |
| Jul 1, 2008 | United Bank of Idaho | Wells Fargo Bank, N.A. |
| Jul 1, 2008 | Raymond James Trust Company West | Raymond James Trust, N.A. |
| Jun 30, 2008 | Church/co-Op Credit Union | The Golden 1 Credit Union |
| Jun 30, 2008 | Bank of America Georgia, N.A. | Bank of America, N.A. |
| Jun 30, 2008 | First National Bank of Arizona | First National Bank of Nevada |
| Jun 30, 2008 | BankTrust | BankTrust |
| Jun 30, 2008 | Illinois Education Association Credit Union | Illinois Educators Credit Union |
| Jun 30, 2008 | Electricians 82 Federal Credit Union | Heartland Federal Credit Union |
| Jun 30, 2008 | Garland Federal Credit Union | America's Credit Union |
| Jun 30, 2008 | Saint Bernards Hospital Employees Federal Credit Union | Healthcare Associates Credit Union |
| Jun 28, 2008 | Citizens Bank | First National Bank and Trust Company of Ardmore |
| Jun 27, 2008 | First Future Credit Union | California Coast Credit Union |
| Jun 26, 2008 | The Farmers State Bank | First Federal Savings Bank of Elizabethtown |
| Jun 26, 2008 | FSB Bancshares, Inc. | First Financial Service Corporation |
| Jun 24, 2008 | Hillcrest Lodge Federal Credit Union | People's Alliance Federal Credit Union |
| Jun 21, 2008 | Alabama Exchange Bank | RBC Bank (USA) |
| Jun 21, 2008 | OMNI BANK of Baton Rouge | Omni Bank |
| Jun 21, 2008 | East Texas-Dover, Inc. | East Texas National, Inc. |
| Jun 21, 2008 | Gardner Bancorp., Inc. | First National Bancor, Inc. |
| Jun 21, 2008 | First Kansas Bank and Trust Company | Central Bank of the Midwest |
| Jun 21, 2008 | First American Bank | RBC Bank (USA) |
| Jun 21, 2008 | Iosco Community Credit Union | Alpena-Alcona Area Credit Union |
| Jun 20, 2008 | Saint John Vianney Federal Credit Union | Credit Human Federal 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.
Explore: all mergers · 2008 bank events · browse by acquirer · bank failures · all events