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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
Apr 1, 2016 Reach Federal Credit Union CA Xceed Financial Credit Union
Apr 1, 2016 Wyoming County School Employees Federal Credit Union PA Penn East Federal Credit Union
Apr 1, 2016 Metro Shores Credit Union MI Public Service Credit Union
Apr 1, 2016 Health First Federal Credit Union ME KV Federal Credit Union
Apr 1, 2016 Grantsville Federal Credit Union UT American United Federal Credit Union
Apr 1, 2016 White House Federal Credit Union DC Department of Commerce Federal Credit Union
Apr 1, 2016 Mea Federal Credit Union GA Kinetic Credit Union
Apr 1, 2016 Metropolitan Service Federal Credit Union PA American Heritage Federal Credit Union
Apr 1, 2016 Greater Piedmont Credit Union NC Self-Help Credit Union
Apr 1, 2016 Babbitt Steelworkers Credit Union MN Ely Area Credit Union
Apr 1, 2016 Southern Select Community CU NC Nova Credit Union
Apr 1, 2016 Holy Family Hospital Employees Federal Credit Union MA Align Credit Union
Apr 1, 2016 Howland-Enfield Federal Credit Union ME Penobscot County Credit Union
Apr 1, 2016 Wesley Medical Credit Union KS Mid American Credit Union
Apr 1, 2016 Ascentia Federal Credit Union ND North Star Community Credit Union
Mar 31, 2016 Montauk Credit Union NY Fourleaf Federal Credit Union
Mar 31, 2016 Stratford Municipal Employees Federal Credit Union CT Sikorsky Financial Credit Union, Inc.
Mar 25, 2016 Clarkston Brandon Community Credit Union MI Michigan State University Federal Credit Union
Mar 1, 2016 T.P.C. Employees Federal Credit Union MS Federal Aviation Administration Federal Credit Union
Mar 1, 2016 Saint Josephs Broadmoor Federal Credit Union LA Louisiana Catholic Federal Credit Union
Mar 1, 2016 Tri-County Federal Credit Union OK Bison Federal Credit Union
Mar 1, 2016 First Financial Credit Union MO Multipli Federal Credit Union
Mar 1, 2016 FM Financial Credit Union MI Team One Credit Union
Feb 29, 2016 Cerrobrass Credit Union IL Processors - Industrial Community Credit Union
Feb 29, 2016 Menard Credit Union IL Siu 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