Mergers by Year
Bank Mergers in 2019
236 banks were acquired or merged into another institution in 2019, and 141 credit unions merged, according to the Federal Reserve's National Information Center (NIC). NIC recorded 547 merger records in 2019 against 643 in 2018.
236
Banks acquired
11 bought by a credit union
141
Credit unions merged
NIC, credit unions as the acquired side
143
Holding companies
Bank holding companies merged
Largest bank mergers of 2019
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 2019 | Bank of Commerce | — | Carson Community Bank |
| Dec 31, 2019 | Scotiabank de Puerto Rico | — | Oriental Bank |
| Dec 31, 2019 | Transcapital Bank | — | Power Financial Credit Union |
| Dec 18, 2019 | Farmers State Bank of Danforth | — | First Trust Bank of Illinois |
| Dec 15, 2019 | Virginia Community Bank | — | Blue Ridge Bank, N.A. |
| Dec 10, 2019 | First Covenant Bank | — | First Century Bank, N.A. |
| Dec 9, 2019 | Commercial State Bank | — | Georgia Community Bank |
| Dec 7, 2019 | Suntrust Bank | — | Truist Bank |
| Dec 7, 2019 | First Trust & Savings Bank of Albany, Illinois | — | Morton Community Bank |
| Dec 7, 2019 | BankLiberty | — | Central Bank of the Midwest |
| Dec 5, 2019 | Security Home Bank | — | Cornerstone Bank |
| Dec 2, 2019 | First State Bank of Colfax | — | Bank Iowa |
| Dec 2, 2019 | First State Bank of Ashby | — | Viking Bank, N.A. |
| Dec 1, 2019 | Oritani Bank | — | Valley National Bank |
| Dec 1, 2019 | Rockford Bank and Trust Company | — | Illinois Bank & Trust |
Credit union mergers in 2019
141 credit unions merged into another institution. NCUA 5300 asset figures are not loaded for 2019.
Every merger recorded in 2019
547 NIC merger records in 2019 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Oct 1, 2019 | South Florida Federal Credit Union | Guardians Credit Union |
| Oct 1, 2019 | Judds Federal Credit Union | MVP Postal and Printing Federal Credit Union |
| Oct 1, 2019 | Healthcare 1st Federal Credit Union | Potomac Federal Credit Union |
| Oct 1, 2019 | Ohio Operating Engineers Federal Credit Union | Best Reward Federal Credit Union |
| Oct 1, 2019 | Northampton Vaf Federal Credit Union | Umassfive College Federal Credit Union |
| Oct 1, 2019 | The Cornerstone Credit Union | Vibrant Credit Union |
| Oct 1, 2019 | Deer Valley Credit Union | Copper State Credit Union |
| Oct 1, 2019 | The State National Bank in West | Citizens State Bank |
| Oct 1, 2019 | Homestead Federal Credit Union | Altana Federal Credit Union |
| Oct 1, 2019 | First Bank of Lilly | Somerset Trust Company |
| Oct 1, 2019 | Monarch Federal Credit Union | Firefighters & Company Federal Credit Union |
| Oct 1, 2019 | Bank of Mount Hope, Inc. | Pendleton Community Bank, Inc. |
| Oct 1, 2019 | Peoples First Federal Credit Union | Americas First Federal Credit Union |
| Oct 1, 2019 | Hawaii Pacific Federal Credit Union | Aloha Pacific Federal Credit Union |
| Oct 1, 2019 | SB Community Federal Credit Union | Service 1 Federal Credit Union |
| Oct 1, 2019 | Express-News Federal Credit Union | Randolph-Brooks Federal Credit Union |
| Oct 1, 2019 | Carco Federal Credit Union | Educational Systems Federal Credit Union |
| Oct 1, 2019 | The Partnership Federal Credit Union | Nasa Federal Credit Union |
| Oct 1, 2019 | First State Bank | Bom Bank |
| Oct 1, 2019 | National Bancshares Waupun, Inc. | Neb Corporation |
| Oct 1, 2019 | Cairo/moberly Bancshares, Inc. | RMB Bancshares, Inc. |
| Oct 1, 2019 | Beverly Bank | TruNorth Bank |
| Sep 30, 2019 | Erie Metro Federal Credit Union | Financial Trust Federal Credit Union |
| Sep 30, 2019 | Electchester Federal Credit Union | Consumers Federal Credit Union |
| Sep 28, 2019 | First State Bank, Inc. | Farmers Bank & Trust Company |
| Sep 28, 2019 | Community Bancorp of Kentucky, Inc. | Farmers Bancorp, Inc. of Marion, Kentucky |
| Sep 28, 2019 | Whitehall Credit Union | Pathways Financial Credit Union, Inc. |
| Sep 23, 2019 | Panora State Bank | Iowa Trust & Savings Bank |
| Sep 22, 2019 | Good Counsel Federal Credit Union | Brooklyn Cooperative Federal Credit Union |
| Sep 21, 2019 | De Witt Bank and Trust Company | Stone Bank |
| Sep 21, 2019 | Midsouth Bank, N.A. | Hancock Whitney Bank |
| Sep 21, 2019 | Midsouth Bancorp, Inc. | Hancock Whitney Corporation |
| Sep 14, 2019 | Lafayette Ambassador Bank | Fulton Bank, N.A. |
| Sep 14, 2019 | Small Town Bank | Southern States Bank |
| Sep 14, 2019 | East Alabama Financial Group, Inc. | Southern States Bancshares, Inc. |
| Sep 14, 2019 | The Columbia Bank | Fulton Bank, N.A. |
| Sep 14, 2019 | GSB Bancshares, Inc. | Circle I Bank Group, Inc. |
| Sep 14, 2019 | Gruver State Bank | Western Bank |
| Sep 13, 2019 | Postal Employees of Troy, N.Y. Federal Credit Union | Capital Communications Federal Credit Union |
| Sep 6, 2019 | Lakeside Bancshares, Inc. | PFBS Holdings, Inc. |
| Sep 3, 2019 | Brickell Bank | Banesco USA |
| Sep 2, 2019 | Premier National Investment Company, Inc. | Manufacturers and Traders Trust Company |
| Sep 2, 2019 | M&T Real Estate Trust | Manufacturers and Traders Trust Company |
| Sep 1, 2019 | Fidelity Bank of Florida, N.A. | Addition Financial Credit Union |
| Sep 1, 2019 | Pistachio Newco Inc. | Mechanics Bank |
| Sep 1, 2019 | Summit Financial Enterprises, Inc. | Cadence Bank |
| Sep 1, 2019 | Summit Bank, National Association | Cadence Bank |
| Sep 1, 2019 | Providence Bank | Heritage Southeast Bank |
| Sep 1, 2019 | MBT Financial Corp. | First Merchants Corporation |
| Sep 1, 2019 | Martin Luther King Credit Union | Priority Trust 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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