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 |
|---|---|---|
| Aug 15, 2020 | Dyer F & M Bancshares, Inc. | Security Bancshares, Inc. |
| Aug 15, 2020 | Geico Federal Credit Union | Baxter Credit Union |
| Aug 15, 2020 | Bank of Laverne | Security State Bank |
| Aug 8, 2020 | Union Bank of Blair | Waumandee State Bank |
| Aug 8, 2020 | Bolivar Acquisition Corp. | Reliable Community Bancshares, Inc. |
| Aug 8, 2020 | Bank of Bolivar | The Bank of Missouri |
| Aug 1, 2020 | District 05 Dotd Federal Credit Union | Centric Federal Credit Union |
| Aug 1, 2020 | Freedom National Bank | Bristol County Savings Bank |
| Aug 1, 2020 | SB One Bancorp | Provident Financial Services, Inc. |
| Aug 1, 2020 | Cadmus Credit Union, Inc. | Chartway Federal Credit Union |
| Aug 1, 2020 | I R S E Credit Union | Cooperative Choice Network Credit Union |
| Aug 1, 2020 | Spartanburg City Employees Credit Union | South Carolina Federal Credit Union |
| Aug 1, 2020 | SB One Bank | Provident Bank |
| Aug 1, 2020 | Al Gar Federal Credit Union | Chessie Federal Credit Union |
| Aug 1, 2020 | Icon Credit Union | Horizon Credit Union |
| Aug 1, 2020 | Saint Columbkille Federal Credit Union | All Saints Federal Credit Union |
| Aug 1, 2020 | Glenview Credit Union | Partnership Financial Credit Union |
| Aug 1, 2020 | Union Memorial Credit Union | St. Louis Community Credit Union |
| Aug 1, 2020 | River Cities Community | Frontier Community Credit Union |
| Aug 1, 2020 | Shamrock Foods Federal Credit Union | Sunwest Federal Credit Union |
| Jul 31, 2020 | Mid East Tennessee Community Credit Union | Ornl Federal Credit Union |
| Jul 28, 2020 | Buffalo Cooperative Federal Credit Union | Good Neighbors Federal Credit Union |
| Jul 27, 2020 | Victor State Bank | Chelsea Savings Bank |
| Jul 18, 2020 | Bank of Akron | CNB Bank |
| Jul 18, 2020 | Southerntrust Bancshares, Inc | South Porte Financial Inc. |
| Jul 18, 2020 | South Porte Bank | Southerntrust Bank |
| Jul 15, 2020 | C and N W Proviso Credit Union | Encurage Financial Network |
| Jul 13, 2020 | SBB Bancshares, Inc. | Piper Holdings, Inc. |
| Jul 13, 2020 | State Bank of Burnettsville | The Fountain Trust Company |
| Jul 11, 2020 | MSB Financial Corp | Kearny Financial Corp. |
| Jul 11, 2020 | Millington Bank | Kearny Bank |
| Jul 7, 2020 | USNY Bank | Wayne Bank |
| Jul 7, 2020 | Upstate New York Bancorp, Inc. | Norwood Financial Corp. |
| Jul 4, 2020 | First State Bank of Claremont | Dacotah Bank |
| Jul 2, 2020 | Centennial Bank | Happy State Bank |
| Jul 2, 2020 | VSB Bancorp, Inc. | Northfield Bancorp, Inc. |
| Jul 2, 2020 | Victory State Bank | Northfield Bank |
| Jul 2, 2020 | Iberiabank Corporation | First Horizon Corporation |
| Jul 2, 2020 | Iberiabank | First Horizon Bank |
| Jul 1, 2020 | First Brundidge Bancshares, Inc. | Henderson Bancshares, Inc. |
| Jul 1, 2020 | Covenant Financial Inc. | Citizens & Northern Corporation |
| Jul 1, 2020 | Three Shores Bancorporation, Inc. | United Community Banks, Inc. |
| Jul 1, 2020 | Covenant Bank | Citizens & Northern Bank |
| Jul 1, 2020 | Seaside National Bank & Trust | United Community Bank |
| Jul 1, 2020 | Traders & Farmers Bancshares, Inc. | BankFirst Capital Corporation |
| Jul 1, 2020 | Community Shores Bank Corporation | ChoiceOne Financial Services, Inc. |
| Jul 1, 2020 | Commerce Bancshares, Inc. | Centennial Bank |
| Jul 1, 2020 | FCB Corporation | Capstar Financial Holdings, Inc. |
| Jul 1, 2020 | West York Area School District Employees Federal Credit Union | First Capital Federal Credit Union |
| Jul 1, 2020 | Fluke Employees Federal Credit Union | Sound Credit Union |
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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