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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
Oct 22, 2020 The Bank of Austin TX Texas Partners Bank
Oct 22, 2020 Texas Hill Country Bank TX Texas Partners Bank
Oct 21, 2020 American Eagle Bank of Chicago IL American Eagle Bank
Oct 17, 2020 Hoyne Interim Bank IL Hoyne Savings Bank
Oct 17, 2020 Community Shores Bank MI ChoiceOne Bank
Oct 17, 2020 First Bank & Trust SD First Bank & Trust
Oct 17, 2020 Peoples Bank Midwest WI Frandsen Bank & Trust
Oct 10, 2020 Executive National Bank FL City National Bank of Florida
Oct 10, 2020 Beartooth Bank MT Bravera Bank
Oct 6, 2020 Go Federal Credit Union TX America's Credit Union
Oct 1, 2020 Carroll Community Bank MD Farmers and Merchants Bank
Oct 1, 2020 Fort Hood National Bank TX First National Bank Texas dba First Convenience Bank
Oct 1, 2020 Eagle State Bank NE Riverstone Bank
Oct 1, 2020 Mansfield Co-operative Bank MA Bluestone Bank
Oct 1, 2020 East Ohio Gas Youngstown Division Employees Federal Credit Union OH Dominion Energy Credit Union
Oct 1, 2020 Gpce Credit Union FL Champions First Credit Union
Oct 1, 2020 S I Employees Federal Credit Union NY Saratoga's Community Federal Credit Union
Oct 1, 2020 Eagle Bancshares, Inc. NE Tri Valley Bancshares, Inc.
Oct 1, 2020 Carroll Bancorp, Inc. MD Farmers and Merchants Bancshares, Inc.
Oct 1, 2020 CSX Chicago Terminal Credit Union IL A C M E Continental Credit Union
Oct 1, 2020 MBFT Federal Credit Union MD Nymeo Federal Credit Union
Oct 1, 2020 Health Systems Credit Union TN Consumer Credit Union
Oct 1, 2020 Formica-Evendale Federal Credit Union OH Sharefax Credit Union, Inc.
Oct 1, 2020 Heartland Community Credit Union MO CSD Credit Union
Sep 30, 2020 Bank of New Castle DE Discover Bank
Sep 30, 2020 Esquire-Goodfellowship Federal Credit Union NY Consumers Federal Credit Union
Sep 26, 2020 American Momentum Holdings, Inc. TX Adam Bank Group, Inc.
Sep 19, 2020 The Poplar Grove State Bank IL Solutions Bank
Sep 19, 2020 Peoples Bank OK American Heritage Bank
Sep 12, 2020 Stock Growers Bank ND Stock Growers Bank
Sep 5, 2020 Prime Bank OK Tinker Federal Credit Union
Sep 1, 2020 Banco Santander Puerto Rico PR FirstBank Puerto Rico
Sep 1, 2020 Standard Register Federal Credit Union OH Pathways Financial Credit Union, Inc.
Sep 1, 2020 Tazewell County Government Employees Credit Union IL Kemba Peoria Credit Union
Sep 1, 2020 Golden Eagle Federal Credit Union OK Employees Federal Credit Union
Sep 1, 2020 Connecticut Transit Federal Credit Union CT America's First Network Credit Union
Sep 1, 2020 Santander Bancorp PR First Bancorp
Sep 1, 2020 Longview Consolidated Credit Union TX Barksdale Federal Credit Union
Sep 1, 2020 CCC Van Wert Credit Union, Inc. OH Superior Credit Union Inc
Aug 31, 2020 East Ohio Gas Cleveland Operating Employees Federal Credit Union OH Dominion Energy Credit Union
Aug 31, 2020 Asbestos Workers Local 53 Federal Credit Union LA Electrical Workers Local 130 Federal Credit Union
Aug 22, 2020 Farmers Bank of Lincoln MO Community National Bank & Trust
Aug 22, 2020 Fourth Street Banking Company FL Seacoast Banking Corporation of Florida
Aug 22, 2020 First American Bank, N.A. WI Hiawatha National Bank
Aug 22, 2020 Freedom Bank FL Seacoast National Bank
Aug 22, 2020 Advantage Community Bancshares, Inc. WI Nicolet Bankshares, Inc.
Aug 22, 2020 Advantage Community Bank WI Nicolet National Bank
Aug 15, 2020 The Farmers & Merchants Bank TN Security Bank and Trust Company
Aug 15, 2020 Franklin Financial Network, Inc. TN FB Financial Corporation
Aug 15, 2020 Franklin Synergy Bank TN FirstBank

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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