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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
437
All merger records
2020 in US banking ›

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 State Assets Acquirer
Dec 15, 2020 WinFirst Bank KY — Summit Community Bank, Inc
Dec 12, 2020 CBC Bank MO — PSB Bank
Dec 5, 2020 AIMBank TX — First Bank & Trust
Dec 1, 2020 Citizens Bank MS — The Bank of Holly Springs
Dec 1, 2020 Escambia County Bank AL — Amerifirst Bank
Dec 1, 2020 Peoples Bank and Trust Company of Madison County KY — Whitaker Bank, Inc
Dec 1, 2020 Heritage State Bank IL — The First National Bank of Carmi
Dec 1, 2020 Community State Bank of Southwestern Indiana IN — Crane Credit Union
Dec 1, 2020 Damariscotta Bank & Trust Co. ME — Bangor Savings Bank
Nov 16, 2020 Plattsmouth State Bank NE — First State Bank Nebraska
Nov 14, 2020 BlackRidgeBANK ND — First Western Bank and Trust
Nov 13, 2020 Seacoast Commerce Bank CA — Enterprise Bank & Trust
Nov 6, 2020 Canton State Bank MO — United State Bank
Nov 1, 2020 1880 Bank MD — Bayvanguard Bank
Oct 31, 2020 Virginia Bank and Trust Company VA — First National Bank

Biggest bank failures by assets ›

Credit union mergers in 2020

130 credit unions merged into another institution. NCUA 5300 asset figures are not loaded for 2020.

Effective Merged credit union State Surviving institution
Jul 28, 2020 Buffalo Cooperative Federal Credit Union NY Good Neighbors Federal Credit Union
Jul 15, 2020 C and N W Proviso Credit Union IL Encurage Financial Network Credit Union
Jul 1, 2020 Alabama Rural Electric Credit Union AL Alabama One Credit Union
Jul 1, 2020 West York Area School District Employees Federal Credit Union PA First Capital Federal Credit Union
Jul 1, 2020 Fluke Employees Federal Credit Union WA Sound Credit Union
Jul 1, 2020 Lakewood Fire Fighters Credit Union, Inc. OH Pse Credit Union, Inc.
Jul 1, 2020 Three Rivers Credit Union GA Georgia's Own Credit Union
Jul 1, 2020 C & H Sugar Employees Federal Credit Union CA 1st Northern California Credit Union
Jun 30, 2020 Homeport Federal Credit Union TX Gulf Coast Federal Credit Union
Jun 27, 2020 Winslow Community Federal Credit Union ME Connected Credit Union
Jun 26, 2020 Wyoming Valley West Community Federal Credit Union PA Citymark Federal Credit Union
Jun 1, 2020 Valley Gas Employees Federal Credit Union MS Mutual Federal Credit Union
Jun 1, 2020 Southwest Health Care Credit Union AZ Copper State Credit Union
Jun 1, 2020 Focus Federal Credit Union OH Security Credit Union
Jun 1, 2020 Andigo Credit Union IL Consumers Credit Union
Jun 1, 2020 McCabe Hamilton & Renny Federal Credit Union HI Aloha Pacific Federal Credit Union
May 31, 2020 Bayonne Hospital Employees Federal Credit Union NJ Liberty Savings Federal Credit Union
May 30, 2020 Northern Paper Mills Credit Union WI Fox Communities Credit Union
May 30, 2020 South Jersey Gas Employees Federal Credit Union NJ Jersey Shore Federal Credit Union
May 29, 2020 Orange County Teachers Credit Union TX Texas Dow Employees Credit Union
May 27, 2020 Hopes Employees Federal Credit Union NY Southern Chautauqua Federal Credit Union
May 16, 2020 Delta County Credit Union MI Embers Credit Union
May 1, 2020 Webster United Federal Credit Union LA Carter Federal Credit Union
May 1, 2020 Habersham Federal Credit Union GA Mygeorgia Credit Union
May 1, 2020 Local 229 Ibew Federal Credit Union PA White Rose Credit Union

Credit union directory ›

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 State Acquirer
Dec 31, 2020 Edison Credit Union, Inc. OH Bridge Credit Union Inc.
Dec 31, 2020 First Tulsa Federal Credit Union OK Communication Federal Credit Union
Dec 16, 2020 Yorktown Financial Holdings, Inc. OK Fidelity Financial Corporation
Dec 15, 2020 WinFirst Bank KY Summit Community Bank, Inc
Dec 15, 2020 Winfirst Financial Corporation KY Summit Community Bank, Inc
Dec 14, 2020 Bay Ridge Lodge No 632 Federal Credit Union NJ Consumers Federal Credit Union
Dec 12, 2020 CBC Bank MO PSB Bank
Dec 5, 2020 AIMBank TX First Bank & Trust
Dec 5, 2020 (unnamed) — Border Bank
Dec 4, 2020 Aim Bancshares, Inc. TX AIMBank
Dec 1, 2020 Sperry Associates Federal Credit Union NY Pentagon Federal Credit Union
Dec 1, 2020 Citizens Bank MS The Bank of Holly Springs
Dec 1, 2020 Community State Bank of Southwestern Indiana IN Crane Credit Union
Dec 1, 2020 American Bancshares Corp. TN Citizens Bancorp Investment, Inc.
Dec 1, 2020 Damariscotta Bankshares, Inc. ME Bangor Bancorp, MHC
Dec 1, 2020 Marshall Financial Corporation MS Holly Springs Bancshares Inc
Dec 1, 2020 Heritage State Bank IL The First National Bank of Carmi
Dec 1, 2020 Peoples Bank and Trust Company of Madison County KY Whitaker Bank, Inc
Dec 1, 2020 Whetelco Federal Credit Union WV Bayer Heritage Federal Credit Union
Dec 1, 2020 Damariscotta Bank & Trust Co. ME Bangor Savings Bank
Dec 1, 2020 Hilco Federal Credit Union TX Kerr County Federal Credit Union
Dec 1, 2020 Escambia County Bank AL Amerifirst Bank
Nov 30, 2020 Webster Federal Credit Union NY Finger Lakes Federal Credit Union
Nov 18, 2020 Wall Street Holding Company ND Koda Bancor, Inc.
Nov 16, 2020 Plattsmouth State Bank NE First State Bank Nebraska
Nov 14, 2020 BlackRidgeBANK ND First Western Bank and Trust
Nov 13, 2020 Seacoast Commerce Banc Holdings CA Enterprise Financial Services Corp
Nov 13, 2020 Seacoast Commerce Bank CA Enterprise Bank & Trust
Nov 13, 2020 WJC Federal Credit Union VA Truliant Federal Credit Union
Nov 6, 2020 Canton State Bank MO United State Bank
Nov 2, 2020 Charleston County Teachers Federal Credit Union SC South Carolina Federal Credit Union
Nov 2, 2020 Louvah Federal Credit Union KY Abound Federal Credit Union
Nov 1, 2020 Michael Baker International Federal Credit Union PA Clearview Federal Credit Union
Nov 1, 2020 Niagara Mohawk Power Corporation Troy Employees Federal Credit Union NY Capital Communications Federal Credit Union
Nov 1, 2020 Delmarva Bancshares, Inc. MD BV Financial, Inc.
Nov 1, 2020 Saint Alphonsus Medical Credit Union ID Idaho Central Credit Union
Nov 1, 2020 1880 Bank MD Bayvanguard Bank
Nov 1, 2020 Ball State Federal Credit Union IN Financial Center First Credit Union
Nov 1, 2020 River Valley Credit Union VT 802 Credit Union
Nov 1, 2020 Calvary Baptist of Pacoima Federal Credit Union CA Nuvision Federal Credit Union
Nov 1, 2020 First Choice Community Credit Union OH Credit Union of Ohio
Oct 31, 2020 Virginia Bank and Trust Company VA First National Bank
Oct 31, 2020 Empire Bancorp, Inc. NY Flushing Financial Corporation
Oct 31, 2020 Empire National Bank NY Flushing Bank
Oct 31, 2020 Virginia Bank Bankshares, Inc. VA Pinnacle Bankshares Corporation
Oct 31, 2020 Bank of Glen Ullin ND The Union Bank
Oct 31, 2020 United Methodist First Choice Federal Credit Union SD Interfaith Federal Credit Union
Oct 31, 2020 Mawc Credit Union MO Alliance Credit Union
Oct 22, 2020 Texas Hill Country Bancshares, Inc. TX Southwest Bancshares, Inc.
Oct 22, 2020 Capitol of Texas Bancshares, Inc. TX Southwest Bancshares, Inc.

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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