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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

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

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

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

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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