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 |
|---|---|---|
| Apr 23, 2016 | The First Bank of Fairland | The First National Bank and Trust Company of Miami |
| Apr 23, 2016 | First Bank of Lincoln | Citizens Alliance Bank |
| Apr 19, 2016 | Rector Federal Credit Union | American Heritage Federal Credit Union |
| Apr 18, 2016 | National Bank of Tennessee | Commercial Bank |
| Apr 16, 2016 | Community Bank of the South | CharterBank |
| Apr 16, 2016 | CBS Financial Corporation | Charter Financial Corporation |
| Apr 15, 2016 | Conestoga Bank | Beneficial Bank |
| Apr 15, 2016 | First Express of Nebraska, Inc. | Western States Bancorporation |
| Apr 11, 2016 | Star Bank of Texas | Community National Bank & Trust of Texas |
| Apr 10, 2016 | Dexter Credit Union | Navigant Credit Union |
| Apr 9, 2016 | First Avenue National Bank | CBC National Bank |
| Apr 9, 2016 | Community Bank, National Association | Security Bank of the Ozarks |
| Apr 9, 2016 | Summersville Bancorporation, Inc. | Eminence Bankshares, Inc. |
| Apr 2, 2016 | Altoona Regional Health System Federal Credit Union | Healthcare First Credit Union |
| Apr 2, 2016 | National Penn Bank | Truist Bank |
| Apr 2, 2016 | National Penn Management Services, LLC | Truist Bank |
| Apr 2, 2016 | Central Bank | MidWestOne Bank |
| Apr 2, 2016 | National Penn Bancshares, Inc. | Truist Financial Corporation |
| Apr 2, 2016 | Electrical Workers Credit Union | Revity Credit Union |
| Apr 1, 2016 | Babbitt Steelworkers Credit Union | Ely Area Credit Union |
| Apr 1, 2016 | Hometown Community Bancorp Inc | Hometown Financial Group, Inc |
| Apr 1, 2016 | Hometown Community Bancorp MHC | Hometown Financial Group MHC |
| Apr 1, 2016 | Community First Bank | Regal Bank |
| Apr 1, 2016 | KeyWorth Bank | Renasant Bank |
| Apr 1, 2016 | OldTown Bank | Entegra Bank |
| Apr 1, 2016 | Century Bank Corp. | First Farmers Financial Corporation |
| Apr 1, 2016 | Macon Water Works Credit Union | Center Parc Credit Union |
| Apr 1, 2016 | Montclair Postal Employees Credit Union | Proponent Federal Credit Union |
| Apr 1, 2016 | Ruth Bank Corporation | Eastern Michigan Financial Corporation |
| Apr 1, 2016 | Town & Country Financial, Inc. | First United Bancorp, Inc. |
| Apr 1, 2016 | Great River Community Credit Union | United Community Credit Union |
| Apr 1, 2016 | Community Financial Credit Union | Blue Federal Credit Union |
| Apr 1, 2016 | Reach Federal Credit Union | Xceed Financial Credit Union |
| Apr 1, 2016 | Bank of Ohio County, Inc. | First United Bank and Trust Company, Inc. |
| Apr 1, 2016 | Wyoming County School Employees Federal Credit Union | Penn East Federal Credit Union |
| Apr 1, 2016 | Metro Shores Credit Union | Public Service Credit Union |
| Apr 1, 2016 | Ruth State Bank | Eastern Michigan Bank |
| Apr 1, 2016 | Health First Federal Credit Union | KV Federal Credit Union |
| Apr 1, 2016 | Grantsville Federal Credit Union | American United Federal Credit Union |
| Apr 1, 2016 | White House Federal Credit Union | Department of Commerce Federal Credit Union |
| Apr 1, 2016 | The Citizens Exchange Bank | First Farmers Bank & Trust Co. |
| Apr 1, 2016 | Mea Federal Credit Union | Kinetic Credit Union |
| Apr 1, 2016 | Metropolitan Service Federal Credit Union | American Heritage Federal Credit Union |
| Apr 1, 2016 | Greater Piedmont Credit Union | Self-Help Credit Union |
| Apr 1, 2016 | Southern Select Community Cu | Nova Credit Union |
| Apr 1, 2016 | Holy Family Hospital Employees Federal Credit Union | Align Credit Union |
| Apr 1, 2016 | Barre Savings Bank | Fidelity Co-Operative Bank |
| Apr 1, 2016 | Howland-Enfield Federal Credit Union | Penobscot County |
| Apr 1, 2016 | Wesley Medical Credit Union | Mid American Credit Union |
| Apr 1, 2016 | Ascentia Federal Credit Union | North Star Community 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 · 2016 bank events · browse by acquirer · bank failures · all events