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 |
|---|---|---|
| Feb 1, 2020 | Community Financial Holding Company, Inc. | First-Citizens Bank & Trust Company |
| Feb 1, 2020 | First National London Bankshares Corporation | Commercial Bancgroup, Inc. |
| Feb 1, 2020 | Northern Eagle Federal Credit Union | Embarrass Vermillion Federal Credit Union |
| Jan 31, 2020 | Beartooth Financial Corporation | Bravera Holdings Corp. |
| Jan 29, 2020 | River Trace Federal Credit Union | Call Federal Credit Union |
| Jan 25, 2020 | NBW Bank | National Exchange Bank and Trust |
| Jan 25, 2020 | Ohio Valley Bancorp, Inc. | Field & Main Bancorp, Inc. |
| Jan 25, 2020 | First State Bank of Mobeetie | Happy State Bank |
| Jan 24, 2020 | Wilmington Trust Corporation | M&T Bank Corporation |
| Jan 23, 2020 | WT Investments, Inc. | Wilmington Trust Corporation |
| Jan 22, 2020 | The Commerce Bank | Indiana Members Credit Union |
| Jan 18, 2020 | Citizens Bank | The Cecilian Bank |
| Jan 18, 2020 | Hartland Financial, Inc. | First Cecilian Bancorp, Inc. |
| Jan 18, 2020 | Arkansas Democrat-Gazette Federal Credit Union | Arkansas Federal Credit Union |
| Jan 15, 2020 | Citizens State Bank of Glenville | Produce State Bank |
| Jan 11, 2020 | Frederick County Bank | ACNB Bank |
| Jan 11, 2020 | Pacific Global Bank | Royal Business Bank |
| Jan 11, 2020 | South Central Bank, N.A. | Verve a Credit Union |
| Jan 11, 2020 | PGB Holdings, Inc. | RBB Bancorp |
| Jan 11, 2020 | Affinity Bank | Affinity Bank, National Association |
| Jan 11, 2020 | Abb Financial Group, Inc. | Community First Bancshares, Inc. |
| Jan 11, 2020 | Frederick County Bancorp, Inc. | ACNB Corporation |
| Jan 10, 2020 | Perry Investment Company | Greene Investment Co. |
| Jan 7, 2020 | Maple Leaf Financial, Inc. | Farmers National Banc Corp. |
| Jan 7, 2020 | Geauga Savings Bank | The Farmers National Bank of Canfield |
| Jan 4, 2020 | Prairie Star Bancshares, Inc. | CCB Financial Corporation |
| Jan 3, 2020 | Ann Arbor Bancorp, Inc. | Level One Bancorp, Inc. |
| Jan 3, 2020 | Ann Arbor State Bank | Level One Bank |
| Jan 2, 2020 | Erie T.P.E. Federal Credit Union | Americo Federal Credit Union |
| Jan 2, 2020 | The Bank & Trust of Bryan/College Station | First Financial Bank |
| Jan 2, 2020 | Bank of New Jersey | ConnectOne Bank |
| Jan 2, 2020 | Bancorp of New Jersey, Inc. | ConnectOne Bancorp, Inc. |
| Jan 2, 2020 | TB&T Bancshares, Inc. | First Financial Bankshares, Inc. |
| Jan 1, 2020 | Crescent Credit Union | Sharon & Crescent United Credit Union |
| Jan 1, 2020 | First Legacy Community Credit Union | Self-Help Credit Union |
| Jan 1, 2020 | First Neodesha Bank | Bank of Commerce |
| Jan 1, 2020 | Union Pacific California Employees Federal Credit Union | Pacific Transportation Federal Credit Union |
| Jan 1, 2020 | Union Bank of Sparta | River Bank |
| Jan 1, 2020 | Pressers Union Local 12 Ilgw Credit Union | Somerville Municipal Federal Credit Union |
| Jan 1, 2020 | Carolina Trust Bancshares, Inc. | Carolina Financial Corporation |
| Jan 1, 2020 | Heritage Bancorp, Inc. | Third Coast Bancshares, Inc. |
| Jan 1, 2020 | Two River Bancorp | OceanFirst Financial Corp. |
| Jan 1, 2020 | Cornerstone Financial Services, Inc. | Summit Community Bank, Inc |
| Jan 1, 2020 | Tennessee Community Bank Holdings, Inc. | Reliant Bancorp, Inc. |
| Jan 1, 2020 | Country Bank Holding Company, Inc. | OceanFirst Financial Corp. |
| Jan 1, 2020 | Carolina Trust Bank | CresCom Bank |
| Jan 1, 2020 | Two River Community Bank | OceanFirst Bank, N.A. |
| Jan 1, 2020 | Community Bank & Trust | Reliant Bank |
| Jan 1, 2020 | Clarkston State Bank | Waterford Bank, N.A. |
| Jan 1, 2020 | Clarkston Financial Corporation | Waterford Bancorp, 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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