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 |
|---|---|---|
| May 23, 2020 | Central Federal Savings and Loan Association of Rolla | Southern Bank |
| May 18, 2020 | Dearborn Savings Bank | FCN Bank, N.A. |
| May 16, 2020 | The First National Bank of Northfield | Merchants Bank, N.A. |
| May 16, 2020 | Delta County Credit Union | Embers Credit Union |
| May 16, 2020 | Tomah Bancshares, Inc. | Bank First Corporation |
| May 16, 2020 | Timberwood Bank | Bank First, N.A. |
| May 16, 2020 | First Citizens Bank of Polson, National Association | Unity Bank |
| May 16, 2020 | Lakestone Bank & Trust | ChoiceOne Bank |
| May 5, 2020 | 1st Equity Bank Northwest | 1st Equity Bank |
| May 5, 2020 | Northwest Equity Corp. | First Equity Corp. |
| May 2, 2020 | CresCom Bank | United Bank |
| May 2, 2020 | Carolina Financial Corporation | United Bankshares, Inc. |
| May 1, 2020 | Local 229 Ibew Federal Credit Union | White Rose Credit Union |
| May 1, 2020 | Habersham Federal Credit Union | Mygeorgia Credit Union |
| May 1, 2020 | Putnam Bank | Centreville Bank |
| May 1, 2020 | Washington Savings Bank | William Penn Bank |
| May 1, 2020 | Webster United Federal Credit Union | Carter Federal Credit Union |
| May 1, 2020 | Saint James Hospital Employees Federal Credit Union | Illiana Financial Credit Union |
| May 1, 2020 | Ben Franklin Bank of Illinois | Alero Financial Credit Union |
| May 1, 2020 | Chesterfield Federal Credit Union | Virginia Federal Credit Union |
| May 1, 2020 | McFarland State Bank | One Community Bank |
| May 1, 2020 | Fidelity Savings & Loan Association of Bucks County | William Penn Bank |
| May 1, 2020 | Fairport Savings Bank | Evans Bank, National Association |
| May 1, 2020 | Merchants Bank of Bangor | Fidelity Bank |
| May 1, 2020 | Local #673 Credit Union, Inc. | L C E Federal Credit Union |
| May 1, 2020 | National Oilwell Varco Employees Credit Union | Membersource Credit Union |
| May 1, 2020 | First Temple Corporation | First State Bank in Temple |
| May 1, 2020 | MNB Corporation | Fidelity D&D Bancorp, Inc. |
| May 1, 2020 | Pedestal Bank | b1BANK |
| May 1, 2020 | Pedestal Bancshares, Inc. | Business First Bancshares, Inc. |
| May 1, 2020 | FSB Bancorp, Inc. | Evans Bancorp, Inc. |
| May 1, 2020 | Saints Avenue Bancshares, Inc. | Saints Avenue Bancshares, Inc. |
| Apr 29, 2020 | Financial 1st Federal Credit Union | Horizon Federal Credit Union |
| Apr 25, 2020 | Mutualfirst Financial, Inc. | Northwest Bancshares Inc |
| Apr 25, 2020 | Bank of the Prairie | Country Club Bank |
| Apr 25, 2020 | MutualBank | Northwest Bank |
| Apr 23, 2020 | Louisville Development Bancorp, Inc. | Liberty Financial Services, Inc. |
| Apr 23, 2020 | Metro Bank | Liberty Bank and Trust Company |
| Apr 18, 2020 | State Bank of Belle Plaine | First National Bank Minnesota |
| Apr 18, 2020 | Midcoast Community Bancorp, Inc | Citizens Financial Services, Inc. |
| Apr 18, 2020 | MidCoast Community Bank | First Citizens Community Bank |
| Apr 18, 2020 | CNB Corp | Northwest Financial Corp. |
| Apr 18, 2020 | Farmers State Bank of Watkins | Citizens Bank Minnesota |
| Apr 18, 2020 | Century Bank | The First National Bank in Creston |
| Apr 16, 2020 | Wells Fargo Limited | Everen Capital Corporation |
| Apr 11, 2020 | First State Bank | First National Bank |
| Apr 11, 2020 | Chico Bancorp, Inc. | Wichita Falls Bancshares, Inc. |
| Apr 8, 2020 | Victory Community Bank | Heartland Bank |
| Apr 4, 2020 | The Missouri Bank II | The Missouri Bank |
| Apr 4, 2020 | Platte Acquisition Corporation | First National Bancor, Inc. |
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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