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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
May 1, 2020 National Oilwell Varco Employees Credit Union TX Membersource Credit Union
May 1, 2020 Local #673 Credit Union, Inc. OH L C E Federal Credit Union
May 1, 2020 Chesterfield Federal Credit Union VA Virginia Federal Credit Union
May 1, 2020 Saint James Hospital Employees Federal Credit Union IL Illiana Financial Credit Union
Apr 29, 2020 Financial 1st Federal Credit Union PA Horizon Federal Credit Union
Apr 1, 2020 Mercy Health Partners Federal Credit Union OH Sun Federal Credit Union
Apr 1, 2020 St. Augustine Presbyterian Federal Credit Union NY Neighborhood Trust Federal Credit Union
Apr 1, 2020 A.P.C. Employees Federal Credit Union AZ Hughes Federal Credit Union
Apr 1, 2020 Bethany Baptist Christian Federal Credit Union PA Trumark Credit Union
Apr 1, 2020 First Castle Federal Credit Union LA Pelican Credit Union
Apr 1, 2020 West Orange Municipal Federal Credit Union NJ Advanced Financial Federal Credit Union
Apr 1, 2020 Adams County Credit Union IN First Bank of Berne
Apr 1, 2020 Kent County Memorial Hospital Employees Federal Credit Union RI Navigant Credit Union
Apr 1, 2020 Riverview Community Federal Credit Union MI Advia Credit Union
Apr 1, 2020 Motor City Co-Op Credit Union MI Christian Financial Credit Union
Apr 1, 2020 TRMC Employees Credit Union SC S.C. State Federal Credit Union
Mar 15, 2020 Epiphany Federal Credit Union NY Transfiguration Parish Federal Credit Union
Mar 10, 2020 American Hammered Federal Credit Union MD Five Star of Maryland Federal Credit Union
Mar 2, 2020 Victor Valley Federal Credit Union CA Bourns Employees Federal Credit Union
Mar 1, 2020 Southwest Kansas Community Credit Union KS Credit Union of Dodge City
Mar 1, 2020 Morton Salt Credit Union, Inc. OH Greater Wayne Community Federal Credit Union
Mar 1, 2020 Health Facilities Federal Credit Union SC South Carolina Federal Credit Union
Mar 1, 2020 AB&W Credit Union Inc. VA Commonwealth One Federal Credit Union
Feb 29, 2020 Oshkosh Truck Credit Union WI Community First Credit Union
Feb 20, 2020 S.F. Bay Area Educators Credit Union CA San Francisco Federal 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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