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 |
|---|---|---|
| Feb 20, 2016 | Simmons First Trust Company, N.A. | Simmons Bank |
| Feb 13, 2016 | Metro Bancorp, Inc. | F.N.B. Corporation |
| Feb 13, 2016 | Metro Bank | First National Bank of Pennsylvania |
| Feb 6, 2016 | Centennial Bank | HTLF Bank |
| Feb 6, 2016 | Cic Bancshares, Inc. | Heartland Financial USA, Inc. |
| Feb 6, 2016 | First Community Bank, Missouri | Sterling Bank |
| Feb 2, 2016 | The Queen's Federal Credit Union | Hawaii Central Federal Credit Union |
| Feb 2, 2016 | Walworth State Bank | The First National Bank and Trust Company |
| Feb 1, 2016 | Security California Bancorp | Pacific Premier Bancorp, Inc. |
| Feb 1, 2016 | Security Bank of California | Pacific Premier Bank, National Association |
| Feb 1, 2016 | Covenant Financial Corporation | Planters Holding Company |
| Feb 1, 2016 | Orange County Business Bank | HomeStreet Bank |
| Feb 1, 2016 | Covenant Bank | Planters Bank & Trust Company |
| Feb 1, 2016 | Heritage Bankshares, Inc. | Southern Bancshares (N.C.), Inc. |
| Feb 1, 2016 | Heritage Bank | Southern Bank and Trust Company |
| Feb 1, 2016 | Bridgeway Federal Credit Union | Mid-Hudson Valley Federal Credit Union |
| Feb 1, 2016 | Chestnut Run Federal Credit Union | Louviers Federal Credit Union |
| Feb 1, 2016 | 1st Select Federal Credit Union | Veritas Federal Credit Union |
| Feb 1, 2016 | Ilwu-FSC Federal Credit Union | I.L.W.U. Federal Credit Union |
| Feb 1, 2016 | First Baptist Church Credit Union | The Atlantic Federal Credit Union |
| Feb 1, 2016 | Robbins & Myers Employees Federal Credit Union | Ih Credit Union, Inc |
| Feb 1, 2016 | Allen Ame Federal Credit Union | Forge Federal Credit Union |
| Feb 1, 2016 | McMillen Master Credit Union | Credit Union 1 |
| Feb 1, 2016 | Wickliffe Paper Mill Federal Credit Union | Signet Federal Credit Union |
| Feb 1, 2016 | Port Ivory Federal Credit Union | New Brunswick Postal Federal Credit Union |
| Feb 1, 2016 | Northern Piedmont Federal Credit Union | University of Virginia Community Credit Union, Inc. |
| Feb 1, 2016 | Focus Credit Union | Envision Credit Union |
| Feb 1, 2016 | Pegasus Community Credit Union | Neighborhood Credit Union |
| Feb 1, 2016 | Fort Gordon and Community Credit Union | Pentagon Federal Credit Union |
| Jan 31, 2016 | Alloy Scottdale Federal Credit Union | Usx Federal Credit Union |
| Jan 31, 2016 | Countywide Federal Credit Union | Day Air Credit Union, Inc. |
| Jan 31, 2016 | Millwrights/pile Drivers of Pittsburgh Federal Credit Union | Usx Federal Credit Union |
| Jan 31, 2016 | Montgomery County Credit Union, Inc. | Bridge Credit Union Inc. |
| Jan 30, 2016 | Flowers National Bank | Farmers Bank of Northern Missouri |
| Jan 29, 2016 | First Mountain Bank | Premier Business Bank |
| Jan 25, 2016 | Defense Contracts South Federal Credit Union | America's Credit Union |
| Jan 22, 2016 | Sheridan State Bank | The Granville National Bank |
| Jan 16, 2016 | Tacet Mortgage, Inc. | American Bank of the North |
| Jan 16, 2016 | First National Bankshares Corporation | Premier Financial Bancorp, Inc. |
| Jan 16, 2016 | Beacon Bank | Alerus Financial, N.A. |
| Jan 16, 2016 | Naugatuck Valley Savings and Loan | Liberty Bank |
| Jan 13, 2016 | Farmers and Merchants State Bank | Perennial Bank |
| Jan 13, 2016 | Winthrop State Bank | Perennial Bank |
| Jan 9, 2016 | Eureka Financial Corporation | NexTier Incorporated |
| Jan 9, 2016 | Alliance Banking Company | Citizens Bank of Kentucky, Inc |
| Jan 9, 2016 | Hopewell Valley Community Bank | Northfield Bank |
| Jan 9, 2016 | Eureka Bank | NexTier Bank, N.A. |
| Jan 8, 2016 | Pascack Bancorp, Inc. | Lakeland Bancorp, Inc. |
| Jan 8, 2016 | Pascack Community Bank | Lakeland Bank |
| Jan 8, 2016 | Pittston Area School Employees Federal Credit Union | Ufcw Community 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.
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