Mergers by Year
Bank Mergers in 2020
180 banks were acquired or merged into another institution in 2020, and 130 credit unions merged, according to the Federal Reserve's National Information Center (NIC). NIC recorded 437 merger records in 2020 against 547 in 2019.
180
Banks acquired
10 bought by a credit union
130
Credit unions merged
NIC, credit unions as the acquired side
106
Holding companies
Bank holding companies merged
Largest bank mergers of 2020
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 15, 2020 | WinFirst Bank | — | Summit Community Bank, Inc |
| Dec 12, 2020 | CBC Bank | — | PSB Bank |
| Dec 5, 2020 | AIMBank | — | First Bank & Trust |
| Dec 1, 2020 | Citizens Bank | — | The Bank of Holly Springs |
| Dec 1, 2020 | Escambia County Bank | — | Amerifirst Bank |
| Dec 1, 2020 | Peoples Bank and Trust Company of Madison County | — | Whitaker Bank, Inc |
| Dec 1, 2020 | Heritage State Bank | — | The First National Bank of Carmi |
| Dec 1, 2020 | Community State Bank of Southwestern Indiana | — | Crane Credit Union |
| Dec 1, 2020 | Damariscotta Bank & Trust Co. | — | Bangor Savings Bank |
| Nov 16, 2020 | Plattsmouth State Bank | — | First State Bank Nebraska |
| Nov 14, 2020 | BlackRidgeBANK | — | First Western Bank and Trust |
| Nov 13, 2020 | Seacoast Commerce Bank | — | Enterprise Bank & Trust |
| Nov 6, 2020 | Canton State Bank | — | United State Bank |
| Nov 1, 2020 | 1880 Bank | — | Bayvanguard Bank |
| Oct 31, 2020 | Virginia Bank and Trust Company | — | First National Bank |
Credit union mergers in 2020
130 credit unions merged into another institution. NCUA 5300 asset figures are not loaded for 2020.
Every merger recorded in 2020
437 NIC merger records in 2020 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Mar 1, 2020 | Progressive Financial Group, Inc. | Smartfinancial, Inc. |
| Mar 1, 2020 | MB Bancorp, Inc. | BV Financial, Inc. |
| Mar 1, 2020 | State Bank Corp. | Glacier Bancorp, Inc. |
| Mar 1, 2020 | State Bank of Arizona | Glacier Bank |
| Mar 1, 2020 | Morton Salt Credit Union, Inc. | Greater Wayne Community Federal Credit Union |
| Mar 1, 2020 | Progressive Savings Bank | SmartBank |
| Mar 1, 2020 | Madison Bank of Maryland | Bayvanguard Bank |
| Mar 1, 2020 | Health Facilities Federal Credit Union | South Carolina Federal Credit Union |
| Mar 1, 2020 | AB&W Credit Union Inc. | Commonwealth One Federal Credit Union |
| Mar 1, 2020 | Southwest Kansas Community Credit Union | Credit Union of Dodge City |
| Feb 29, 2020 | Oshkosh Truck Credit Union | Community First Credit Union |
| Feb 29, 2020 | Security Star Bancshares, Inc. | American Momentum Bank |
| Feb 29, 2020 | First American Bank | Greenstate Credit Union |
| Feb 29, 2020 | Security Bank | American Momentum Bank |
| Feb 22, 2020 | Pioneer Bank | First State Bank |
| Feb 22, 2020 | Bolivar Bancshares, Inc | Bolivar Acquisition Corp. |
| Feb 20, 2020 | S.F. Bay Area Educators Credit Union | San Francisco Federal Credit Union |
| Feb 18, 2020 | The Urban Street Biscuit WKRS Federal Credit Union | Western New York Federal Credit Union |
| Feb 15, 2020 | Bank of Cushing | Blue SKY Bank |
| Feb 15, 2020 | Landmark Bank | Simmons Bank |
| Feb 15, 2020 | First Staunton Bancshares, Inc. | Associated Banc-Corp |
| Feb 15, 2020 | FNB Financial Corp. | FB Financial Corporation |
| Feb 15, 2020 | The First National Bank of Pawnee | First Bank & Trust Company |
| Feb 15, 2020 | The First National Bank in Staunton | Associated Bank, N.A. |
| Feb 15, 2020 | First Ipswich Bank | Beacon Bank & Trust |
| Feb 15, 2020 | The Farmers National Bank of Scottsville | FirstBank |
| Feb 14, 2020 | Citizens State Bank - Midwest | Kodabank |
| Feb 14, 2020 | Osborne Investments, Inc. | The Peoples Bankshares Ltd. |
| Feb 14, 2020 | The Farmers Bank of Osborne | The Peoples Bank |
| Feb 8, 2020 | Greater Galilee Baptist Credit Union | Educators Credit Union |
| Feb 6, 2020 | Best Hometown Bancorp, Inc. | First Waterloo Bancshares, Inc. |
| Feb 4, 2020 | Grand Mountain Bank, FSB | United Business Bank |
| Feb 4, 2020 | Grand Mountain Bancshares, Inc. | Baycom Corp |
| Feb 4, 2020 | North Star Financial Holdings, Inc. | Keweenaw Financial Corporation |
| Feb 3, 2020 | City of Ukiah Employees Credit Union | Redwood Credit Union |
| Feb 3, 2020 | Connecticut Federal Credit Union | America's First Network Credit Union |
| Feb 1, 2020 | Home Savings Bank | Premier Bank |
| Feb 1, 2020 | Letourneau Federal Credit Union | East Texas Professional Credit Union |
| Feb 1, 2020 | Yellowstone Federal Credit Union | Meridian Trust Federal Credit Union |
| Feb 1, 2020 | Lakes Community Credit Union | Michigan United Credit Union |
| Feb 1, 2020 | Pueblo Horizons Federal Credit Union | Meritrust Credit Union |
| Feb 1, 2020 | First National Bank and Trust | Commercial Bank |
| Feb 1, 2020 | Mississippi Farm Bureau Employees Federal Credit Union | Keesler Federal Credit Union |
| Feb 1, 2020 | Farmers Deposit Bank of Middleburg, Inc. | The Farmers National Bank of Danville |
| Feb 1, 2020 | Waltham Municipal Employees Credit Union | RTN Federal Credit Union |
| Feb 1, 2020 | Peoples State Bank | South Ottumwa Savings Bank |
| Feb 1, 2020 | Parish Members Credit Union | Cooperative Choice Network Credit Union |
| Feb 1, 2020 | United Community Financial Corporation | Premier Financial Corp. |
| Feb 1, 2020 | Woodco Federal Credit Union | Sun Federal Credit Union |
| Feb 1, 2020 | Gwinnett Community Bank | First-Citizens Bank & Trust Company |
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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