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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
Jul 1, 2016 First State Bank SD Bankwest, Incorporated
Jul 1, 2016 Brimfield Bank IL Farmers & Mechanics Bank
Jul 1, 2016 Bank of Floyd VA Skyline National Bank
Jul 1, 2016 Homeland Federal Credit Union LA Post Office Employees Credit Union
Jul 1, 2016 First Federal Savings Bank of Boston MA Envision Bank
Jul 1, 2016 Saint Pauls Parish Federal Credit Union OH Oc Federal Credit Union
Jul 1, 2016 First Bank of the South AL First State Bank of Dekalb County, Inc.
Jul 1, 2016 Freedom Federal Credit Union NC Coastal Federal Credit Union
Jul 1, 2016 Keystone Federal Credit Union PA Trumark Credit Union
Jul 1, 2016 Avenue Bank TN Pinnacle Bank
Jul 1, 2016 Oak Trust Credit Union IL Northstar Credit Union
Jul 1, 2016 Saint Lukes Credit Union MO Communityamerica Federal Credit Union
Jul 1, 2016 Monofrax Employees Federal Credit Union NY Affinity One Federal Credit Union
Jul 1, 2016 Mazon State Bank IL First Community Financial Bank
Jul 1, 2016 The Talbot Bank of Easton, Maryland MD Shore United Bank, N.A.
Jul 1, 2016 First State Refinery Federal Credit Union DE Dexsta Federal Credit Union
Jul 1, 2016 General Mills Employees Credit Union IL Illiana Financial Credit Union
Jul 1, 2016 Lake Federal Bank, FSB IN First Savings Bank of Hegewisch
Jul 1, 2016 First Rainsville Bancshares, Inc. AL First State Bancshares of Dekalb County, Inc.
Jul 1, 2016 Gresham Bancshares, Inc. WI West End Financial Corp.
Jul 1, 2016 Hassenstab Management Co., Inc. NE Bellwood Community Holding Company
Jul 1, 2016 Grayson Bankshares, Inc. VA Skyline Bankshares, Inc.
Jul 1, 2016 Cardinal Bankshares Corporation VA Skyline Bankshares, Inc.
Jul 1, 2016 Frontenac Bancshares, Inc. MO Royal Acquisition LLC
Jul 1, 2016 Tidelands Bank SC United Community Bank
Jul 1, 2016 1st Century Bank, National Association CA MidFirst Bank
Jul 1, 2016 Avenue Financial Holdings, Inc. TN Pinnacle Financial Partners, Inc.
Jul 1, 2016 1st Century Bancshares, Inc. CA Midland Financial Co.
Jul 1, 2016 Harmony Bank NJ Lakeland Bank
Jul 1, 2016 Fox Chase Bancorp, Inc. PA Univest Financial Corporation
Jul 1, 2016 First Eastern Bankshares Corporation MA Randolph Bancorp Inc.
Jul 1, 2016 Fox Chase Financial, Inc PA Univest Bank and Trust Co.
Jul 1, 2016 Fox Chase Service Corporation PA Univest Bank and Trust Co.
Jul 1, 2016 Davisville Associates, LLC PA Univest Bank and Trust Co.
Jun 30, 2016 Globe Industries Employees Credit Union, Inc. OH Firefighters & Company Federal Credit Union
Jun 30, 2016 The Trust Company of Sterne Agee, Inc. AL Stifel Trust Company N.A.
Jun 30, 2016 First Port Byron Bancorp, Inc. IL Blackhawk Bancorporation, Inc.
Jun 30, 2016 Port Byron State Bank IL Blackhawk Bank & Trust
Jun 30, 2016 Erie Shores Community Federal Credit Union OH Cardinal Credit Union, Inc.
Jun 30, 2016 Youngstown Ohio City Employees 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 25, 2016 Monarch Bank VA TowneBank
Jun 25, 2016 Monarch Financial Holdings, Inc VA TowneBank
Jun 20, 2016 (unnamed) — Dundee Bank
Jun 18, 2016 Pan American Bank CA Beneficial State Bank
Jun 18, 2016 Rural Bancshares of Wisconsin, Inc. WI Boscobel Bancorp, Inc.
Jun 18, 2016 Valley Bank and Trust Co. NE Western States Bank
Jun 18, 2016 Rancocas Federal Credit Union NJ Healthcare Employees Federal Credit Union
Jun 17, 2016 Southcoast Financial Corporation SC BNC Bancorp

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.

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