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
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.
| Effective | Merged credit union | Surviving institution |
|---|---|---|
| Jan 1, 2020 | Ncse Credit Union | Beacon Credit Union Incorporated |
| Jan 1, 2020 | Union Pacific California Employees Federal Credit Union | Pacific Transportation Federal Credit Union |
| Jan 1, 2020 | First Legacy Community Credit Union | Self-Help Credit Union |
| Jan 1, 2020 | Schools Financial Credit Union | Schoolsfirst Federal Credit Union |
| Jan 1, 2020 | Crescent Credit Union | Sharon & Crescent United 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 | Acquirer |
|---|---|---|
| Apr 4, 2020 | Gold Coast Bancorp, Inc. | Investors Bancorp, Inc. |
| Apr 4, 2020 | Gold Coast Bank | Investors Bank |
| Apr 4, 2020 | Owenton Bancorp, Inc. | Citizens Union Bancorp of Shelbyville, Inc. |
| Apr 4, 2020 | Platte Valley Bank of Missouri | Central Bank of the Midwest |
| Apr 4, 2020 | Peoples Bank & Trust Company | Citizens Union Bank of Shelbyville |
| Apr 3, 2020 | Southwest Georgia Financial Corporation | The First Bancshares, Inc. |
| Apr 3, 2020 | Southwest Georgia Bank | The First Bank |
| Apr 1, 2020 | BMO Harris Equipment Finance Company | BMO Bank N.A. |
| Apr 1, 2020 | RSB Bancorp, Inc. | Columbia Financial, Inc. |
| Apr 1, 2020 | RSB Bancorp, MHC | Columbia Financial, Inc. |
| Apr 1, 2020 | Morgan Stanley Delta Holdings LLC | Morgan Stanley Domestic Holdings, LLC |
| Apr 1, 2020 | First Advantage Bancorp | Reliant Bancorp, Inc. |
| Apr 1, 2020 | Revere Bank | Sandy Spring Bank |
| Apr 1, 2020 | SBT Bancorp, Inc. | Vallant Financial, Inc. |
| Apr 1, 2020 | Southern Bank & Trust | Vallant Bank |
| Apr 1, 2020 | Primewest Mortgage Corporation | First Bank & Trust |
| Apr 1, 2020 | St. Augustine Presbyterian Federal Credit Union | Neighborhood Trust Federal Credit Union |
| Apr 1, 2020 | Evergreen Bancshares, Inc. | Capital Bancorp, Inc. |
| Apr 1, 2020 | State Capital Corporation | Bancplus Corporation |
| Apr 1, 2020 | A.P.C. Employees Federal Credit Union | Hughes Federal Credit Union |
| Apr 1, 2020 | Bethany Baptist Christian Federal Credit Union | Trumark Credit Union |
| Apr 1, 2020 | First Castle Federal Credit Union | Pelican Credit Union |
| Apr 1, 2020 | The Citizens Bank | First Commerce Credit Union |
| Apr 1, 2020 | West Orange Municipal Federal Credit Union | Advanced Financial Federal Credit Union |
| Apr 1, 2020 | State Bank & Trust Company | BankPlus |
| Apr 1, 2020 | Adams County Credit Union | First Bank of Berne |
| Apr 1, 2020 | Kent County Memorial Hospital Employees Federal Credit Union | Navigant Credit Union |
| Apr 1, 2020 | Riverview Community Federal Credit Union | Advia Credit Union |
| Apr 1, 2020 | First State Bank | Commercial Capital Bank |
| Apr 1, 2020 | Motor City Co-Op Credit Union | Christian Financial Credit Union |
| Apr 1, 2020 | Roselle Bank | Columbia Bank |
| Apr 1, 2020 | TRMC Employees Credit Union | S.C. State Federal Credit Union |
| Apr 1, 2020 | Mercy Health Partners Federal Credit Union | Sun Federal Credit Union |
| Apr 1, 2020 | First Advantage Bank | Reliant Bank |
| Mar 31, 2020 | (unnamed) | Bank of America, N.A. |
| Mar 27, 2020 | Marquis Bancorp, Inc. | Professional Holding Corp. |
| Mar 27, 2020 | Marquis Bank | Professional Bank |
| Mar 21, 2020 | H.F. Gehant Bancorp, Inc. | Tri-County Financial Group, Inc. |
| Mar 21, 2020 | Republic Bank & Trust | Armstrong Bank |
| Mar 21, 2020 | H. F. Gehant Banking Co. | First State Bank |
| Mar 15, 2020 | Epiphany Federal Credit Union | Transfiguration Parish Federal Credit Union |
| Mar 14, 2020 | First Bank of the Palm Beaches | Seacoast National Bank |
| Mar 14, 2020 | Northern Bankshares, Inc. | Bosshard Financial Group, Inc. |
| Mar 10, 2020 | Bankmanagers Corp. | First Midwest Bancorp, Inc. |
| Mar 10, 2020 | American Hammered Federal Credit Union | Five Star of Maryland Federal Credit Union |
| Mar 7, 2020 | Farmers & Merchants Bank, of Orfordville | The Bank of Brodhead |
| Mar 6, 2020 | The Citizens State Bank | BancFirst |
| Mar 2, 2020 | Esb Mortgage Company | Trinity Capital Bank of Texas |
| Mar 2, 2020 | Victor Valley Federal Credit Union | Bourns Employees Federal Credit Union |
| Mar 1, 2020 | Dsa Financial Corporation | FCN Banc Corp. |
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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