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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
655
All merger records
2016 in US banking ›

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 State Assets Acquirer
Dec 20, 2016 Little River Bank AR — First Community Bank
Dec 17, 2016 Security First Bank CA — Suncrest Bank
Dec 17, 2016 First State Bank of Okabena (Incorporated) MN — Currie State Bank
Dec 15, 2016 American Patriot Bank TN — Apex Bank
Dec 4, 2016 Bancroft State Bank WI — The Portage County Bank
Dec 3, 2016 American Trust Bank of East Tennessee TN — Citizens Bank
Dec 3, 2016 First Choice Bank NJ — Berkshire Bank
Dec 3, 2016 Livingston State Bank WI — Community First Bank
Dec 3, 2016 CSB Bank MI — Lakestone Bank & Trust
Dec 1, 2016 TruBank IA — Trubank
Dec 1, 2016 Acadia Trust, N.A. ME — Camden National Bank
Dec 1, 2016 Ocean City Home Bank NJ — OceanFirst Bank, N.A.
Nov 19, 2016 First Community Bank IL — St. Charles Bank & Trust Company, N.A.
Nov 19, 2016 Delta Bank, National Association CA — Farmers & Merchants Bank of Central California
Nov 15, 2016 Bank of Keystone NE — Sandhills State Bank

Biggest bank failures by assets ›

Credit union mergers in 2016

221 credit unions merged into another institution. NCUA 5300 asset figures are not loaded for 2016.

Effective Merged credit union State Surviving institution
Jun 30, 2016 Youngstown Ohio City Employees Federal Credit Union OH Cardinal Credit Union, Inc.
Jun 30, 2016 Globe Industries Employees Credit Union, Inc. OH Firefighters & Company Federal Credit Union
Jun 30, 2016 Erie Shores Community Federal Credit Union OH Cardinal Credit Union, Inc.
Jun 28, 2016 Clearfield Stone Workers Federal Credit Union PA Priority First Federal Credit Union
Jun 27, 2016 Reid Temple Ame Church Federal Credit Union MD WSSC Federal Credit Union
Jun 18, 2016 Rancocas Federal Credit Union NJ Healthcare Employees Federal Credit Union
Jun 7, 2016 Faith Based Federal Credit Union CA Frontwave Credit Union
Jun 1, 2016 Division 694 Motor Coach Employees Federal Credit Union TX Select Federal Credit Union
Jun 1, 2016 Edison Financial Credit Union, Incorporated OH Cardinal Credit Union, Inc.
Jun 1, 2016 San Francisco Municipal Railway Employees Federal Credit Union CA Unify Financial Federal Credit Union
Jun 1, 2016 Puget Sound Federal Credit Union WA Qualstar Credit Union
Jun 1, 2016 Pine Creek Federal Credit Union OR Hapo Community Credit Union
Jun 1, 2016 Akron Police Department Credit Union, Inc. OH Akron Fire Police Credit Union, Inc.
Jun 1, 2016 Frontier Community Credit Union IA Peoples Credit Union
Jun 1, 2016 Clinton Federal Credit Union SC Founders Federal Credit Union
Jun 1, 2016 Cornerstone Credit Union ID Pioneer Federal Credit Union
Jun 1, 2016 St. Gertrude's Credit Union NM Guadalupe Credit Union
Jun 1, 2016 Union Oil Santa Fe Springs Employees Federal Credit Union CA Credit Union of Southern California, a Federal Credit Union
Jun 1, 2016 Florida Baptist Credit Union FL First Florida Credit Union
Jun 1, 2016 Stark Metropolitan Housing Authority Federal Credit Union OH Eaton Family Credit Union
May 22, 2016 Employees Credit Union TN Ascend Federal Credit Union
May 21, 2016 Associated Federal Credit Union IN Inova Federal Credit Union
May 18, 2016 Forrest-Petal Educational Federal Credit Union MS Centuryfirst Federal Credit Union
May 2, 2016 Pennypack Federal Credit Union PA Reliance Federal Credit Union
May 2, 2016 Schuylkill Federal Credit Union PA Hidden River Credit Union

Credit union directory ›

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 State Acquirer
Jan 1, 2016 Two Rivers Community Credit Union WI Verve a Credit Union
Jan 1, 2016 Ellwood City School Employees Federal Credit Union PA GNC Community Federal Credit Union
Jan 1, 2016 Edge Moor Dupont Employees Federal Credit Union DE Dexsta Federal Credit Union
Jan 1, 2016 Financial Assurance Federal Credit Union NJ Financial Resources Federal Credit Union
Jan 1, 2016 National Western Life Federal Credit Union TX Austin Telco Federal Credit Union

Bank mergers by year

·

Year Merger records
2026 360
2025 433
2024 314
2023 363
2022 432
2021 437
2020 437
2019 547
2018 643
2017 608
2016 655
2015 766

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