Mergers by Year
Bank Mergers in 2016
263 banks were acquired or merged into another institution in 2016, and 221 credit unions merged, according to the Federal Reserve's National Information Center (NIC). NIC recorded 655 merger records in 2016 against 766 in 2015.
263
Banks acquired
3 bought by a credit union
221
Credit unions merged
NIC, credit unions as the acquired side
133
Holding companies
Bank holding companies merged
Largest bank mergers of 2016
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 20, 2016 | Little River Bank | — | First Community Bank |
| Dec 17, 2016 | Security First Bank | — | Suncrest Bank |
| Dec 17, 2016 | First State Bank of Okabena (Incorporated) | — | Currie State Bank |
| Dec 15, 2016 | American Patriot Bank | — | Apex Bank |
| Dec 4, 2016 | Bancroft State Bank | — | The Portage County Bank |
| Dec 3, 2016 | American Trust Bank of East Tennessee | — | Citizens Bank |
| Dec 3, 2016 | First Choice Bank | — | Berkshire Bank |
| Dec 3, 2016 | Livingston State Bank | — | Community First Bank |
| Dec 3, 2016 | CSB Bank | — | Lakestone Bank & Trust |
| Dec 1, 2016 | TruBank | — | Trubank |
| Dec 1, 2016 | Acadia Trust, N.A. | — | Camden National Bank |
| Dec 1, 2016 | Ocean City Home Bank | — | OceanFirst Bank, N.A. |
| Nov 19, 2016 | First Community Bank | — | St. Charles Bank & Trust Company, N.A. |
| Nov 19, 2016 | Delta Bank, National Association | — | Farmers & Merchants Bank of Central California |
| Nov 15, 2016 | Bank of Keystone | — | Sandhills State Bank |
Credit union mergers in 2016
221 credit unions merged into another institution. NCUA 5300 asset figures are not loaded for 2016.
Every merger recorded in 2016
655 NIC merger records in 2016 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Jul 1, 2016 | First State Bank | Bankwest, Incorporated |
| Jul 1, 2016 | Brimfield Bank | Farmers & Mechanics Bank |
| Jul 1, 2016 | Bank of Floyd | Skyline National Bank |
| Jul 1, 2016 | Homeland Federal Credit Union | Post Office Employees Credit Union |
| Jul 1, 2016 | First Federal Savings Bank of Boston | Envision Bank |
| Jul 1, 2016 | Saint Pauls Parish Federal Credit Union | Oc Federal Credit Union |
| Jul 1, 2016 | First Bank of the South | First State Bank of Dekalb County, Inc. |
| Jul 1, 2016 | Freedom Federal Credit Union | Coastal Federal Credit Union |
| Jul 1, 2016 | Keystone Federal Credit Union | Trumark Credit Union |
| Jul 1, 2016 | Avenue Bank | Pinnacle Bank |
| Jul 1, 2016 | Oak Trust Credit Union | Northstar Credit Union |
| Jul 1, 2016 | Saint Lukes Credit Union | Communityamerica Federal Credit Union |
| Jul 1, 2016 | Monofrax Employees Federal Credit Union | Affinity One Federal Credit Union |
| Jul 1, 2016 | Mazon State Bank | First Community Financial Bank |
| Jul 1, 2016 | The Talbot Bank of Easton, Maryland | Shore United Bank, N.A. |
| Jul 1, 2016 | First State Refinery Federal Credit Union | Dexsta Federal Credit Union |
| Jul 1, 2016 | General Mills Employees Credit Union | Illiana Financial Credit Union |
| Jul 1, 2016 | Lake Federal Bank, FSB | First Savings Bank of Hegewisch |
| Jul 1, 2016 | First Rainsville Bancshares, Inc. | First State Bancshares of Dekalb County, Inc. |
| Jul 1, 2016 | Gresham Bancshares, Inc. | West End Financial Corp. |
| Jul 1, 2016 | Hassenstab Management Co., Inc. | Bellwood Community Holding Company |
| Jul 1, 2016 | Grayson Bankshares, Inc. | Skyline Bankshares, Inc. |
| Jul 1, 2016 | Cardinal Bankshares Corporation | Skyline Bankshares, Inc. |
| Jul 1, 2016 | Frontenac Bancshares, Inc. | Royal Acquisition LLC |
| Jul 1, 2016 | Tidelands Bank | United Community Bank |
| Jul 1, 2016 | 1st Century Bank, National Association | MidFirst Bank |
| Jul 1, 2016 | Avenue Financial Holdings, Inc. | Pinnacle Financial Partners, Inc. |
| Jul 1, 2016 | 1st Century Bancshares, Inc. | Midland Financial Co. |
| Jul 1, 2016 | Harmony Bank | Lakeland Bank |
| Jul 1, 2016 | Fox Chase Bancorp, Inc. | Univest Financial Corporation |
| Jul 1, 2016 | First Eastern Bankshares Corporation | Randolph Bancorp Inc. |
| Jul 1, 2016 | Fox Chase Financial, Inc | Univest Bank and Trust Co. |
| Jul 1, 2016 | Fox Chase Service Corporation | Univest Bank and Trust Co. |
| Jul 1, 2016 | Davisville Associates, LLC | Univest Bank and Trust Co. |
| Jun 30, 2016 | Globe Industries Employees Credit Union, Inc. | Firefighters & Company Federal Credit Union |
| Jun 30, 2016 | The Trust Company of Sterne Agee, Inc. | Stifel Trust Company N.A. |
| Jun 30, 2016 | First Port Byron Bancorp, Inc. | Blackhawk Bancorporation, Inc. |
| Jun 30, 2016 | Port Byron State Bank | Blackhawk Bank & Trust |
| Jun 30, 2016 | Erie Shores Community Federal Credit Union | Cardinal Credit Union, Inc. |
| Jun 30, 2016 | Youngstown Ohio City Employees Federal Credit Union | Cardinal Credit Union, Inc. |
| Jun 28, 2016 | Clearfield Stone Workers Federal Credit Union | Priority First Federal Credit Union |
| Jun 27, 2016 | Reid Temple Ame Church Federal Credit Union | WSSC Federal Credit Union |
| Jun 25, 2016 | Monarch Bank | TowneBank |
| Jun 25, 2016 | Monarch Financial Holdings, Inc | TowneBank |
| Jun 20, 2016 | (unnamed) | Dundee Bank |
| Jun 18, 2016 | Pan American Bank | Beneficial State Bank |
| Jun 18, 2016 | Rural Bancshares of Wisconsin, Inc. | Boscobel Bancorp, Inc. |
| Jun 18, 2016 | Valley Bank and Trust Co. | Western States Bank |
| Jun 18, 2016 | Rancocas Federal Credit Union | Healthcare Employees Federal Credit Union |
| Jun 17, 2016 | Southcoast Financial Corporation | BNC Bancorp |
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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