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.
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 |
|---|---|---|
| Jan 1, 2020 | Winthrop Resources Corporation | TCF National Bank |
| Jan 1, 2020 | Entegra Financial Corp. | First-Citizens Bank & Trust Company |
| Jan 1, 2020 | Highlands Bankshares, Inc. | First Community Bankshares, Inc. |
| Jan 1, 2020 | Peoples Bankshares, Incorporated | C&F Financial Corporation |
| Jan 1, 2020 | Peoples Bancorp of MT. Pleasant, Inc. | Consumers Bancorp, Inc. |
| Jan 1, 2020 | Community First Data Services, Inc. | ANB Bank |
| Jan 1, 2020 | Midland Financial Corporation | Docking Bancshares, Inc. |
| Jan 1, 2020 | Country Bank | OceanFirst Bank, N.A. |
| Jan 1, 2020 | Alliance Blackstone Valley Federal Credit Union | Rhode Island Credit Union |
| Jan 1, 2020 | Western Holding Company of Wolf Point | Eagle Bancorp Montana, Inc. |
| Jan 1, 2020 | Texas First Bancshares, Inc. | Cadence Bank |
| Jan 1, 2020 | Cornerstone Bank, Inc. | Summit Community Bank, Inc |
| Jan 1, 2020 | Family Federal Savings, F.A. | Fidelity Co-Operative Bank |
| Jan 1, 2020 | Highlands Union Bank | First Community Bank |
| Jan 1, 2020 | Peoples Community Bank | Citizens and Farmers Bank |
| Jan 1, 2020 | Bi-County PTC Federal Credit Union | Ignite Credit Union |
| Jan 1, 2020 | Chetopa State Bank & Trust Co. | Bank of Commerce |
| Jan 1, 2020 | Doco Credit Union | Georgia's Own Credit Union |
| Jan 1, 2020 | Riverside Beaver County Federal Credit Union | Multi-Schools Federal Credit Union |
| Jan 1, 2020 | Mutual of Omaha Bank | CIT Bank, National Association |
| Jan 1, 2020 | Texas First State Bank | Cadence Bank |
| Jan 1, 2020 | Points West Community Bank | Points West Community Bank |
| Jan 1, 2020 | The Midland National Bank of Newton | Union State Bank |
| Jan 1, 2020 | Heritage Bank | Third Coast Bank |
| Jan 1, 2020 | Mechanics' Savings Bank | Maine Community Bank |
| Jan 1, 2020 | Heights Community Federal Credit Union | People First Federal Credit Union |
| Jan 1, 2020 | Ocean Spray Employees Federal Credit Union | Brightbridge Credit Union |
| Jan 1, 2020 | The Peoples National Bank of Mount Pleasant | Consumers National Bank |
| Jan 1, 2020 | United America West Federal Credit Union | Gain Federal Credit Union |
| Jan 1, 2020 | Western Bank of Wolf Point | Opportunity Bank of Montana |
| Jan 1, 2020 | Southwest Colorado Federal Credit Union | Credit Union of Colorado, a Federal Credit Union |
| Jan 1, 2020 | 1st Bank & Trust | FirstBank |
| Jan 1, 2020 | Commercial State Bank | Community State Bank |
| Jan 1, 2020 | Community Bank of Snyder | Oakwood Bank |
| Jan 1, 2020 | Entegra Bank | First-Citizens Bank & Trust Company |
| Jan 1, 2020 | Ncse Credit Union | Beacon Credit Union Incorporated |
| Jan 1, 2020 | Schools Financial Credit Union | Schoolsfirst Federal 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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