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.
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 |
|---|---|---|
| Oct 22, 2020 | The Bank of Austin | Texas Partners Bank |
| Oct 22, 2020 | Texas Hill Country Bank | Texas Partners Bank |
| Oct 21, 2020 | American Eagle Bank of Chicago | American Eagle Bank |
| Oct 17, 2020 | Hoyne Interim Bank | Hoyne Savings Bank |
| Oct 17, 2020 | Community Shores Bank | ChoiceOne Bank |
| Oct 17, 2020 | First Bank & Trust | First Bank & Trust |
| Oct 17, 2020 | Peoples Bank Midwest | Frandsen Bank & Trust |
| Oct 10, 2020 | Executive National Bank | City National Bank of Florida |
| Oct 10, 2020 | Beartooth Bank | Bravera Bank |
| Oct 6, 2020 | Go Federal Credit Union | America's Credit Union |
| Oct 1, 2020 | Carroll Community Bank | Farmers and Merchants Bank |
| Oct 1, 2020 | Fort Hood National Bank | First National Bank Texas dba First Convenience Bank |
| Oct 1, 2020 | Eagle State Bank | Riverstone Bank |
| Oct 1, 2020 | Mansfield Co-operative Bank | Bluestone Bank |
| Oct 1, 2020 | East Ohio Gas Youngstown Division Employees Federal Credit Union | Dominion Energy Credit Union |
| Oct 1, 2020 | Gpce Credit Union | Champions First Credit Union |
| Oct 1, 2020 | S I Employees Federal Credit Union | Saratoga's Community Federal Credit Union |
| Oct 1, 2020 | Eagle Bancshares, Inc. | Tri Valley Bancshares, Inc. |
| Oct 1, 2020 | Carroll Bancorp, Inc. | Farmers and Merchants Bancshares, Inc. |
| Oct 1, 2020 | CSX Chicago Terminal Credit Union | A C M E Continental Credit Union |
| Oct 1, 2020 | MBFT Federal Credit Union | Nymeo Federal Credit Union |
| Oct 1, 2020 | Health Systems Credit Union | Consumer Credit Union |
| Oct 1, 2020 | Formica-Evendale Federal Credit Union | Sharefax Credit Union, Inc. |
| Oct 1, 2020 | Heartland Community Credit Union | CSD Credit Union |
| Sep 30, 2020 | Bank of New Castle | Discover Bank |
| Sep 30, 2020 | Esquire-Goodfellowship Federal Credit Union | Consumers Federal Credit Union |
| Sep 26, 2020 | American Momentum Holdings, Inc. | Adam Bank Group, Inc. |
| Sep 19, 2020 | The Poplar Grove State Bank | Solutions Bank |
| Sep 19, 2020 | Peoples Bank | American Heritage Bank |
| Sep 12, 2020 | Stock Growers Bank | Stock Growers Bank |
| Sep 5, 2020 | Prime Bank | Tinker Federal Credit Union |
| Sep 1, 2020 | Banco Santander Puerto Rico | FirstBank Puerto Rico |
| Sep 1, 2020 | Standard Register Federal Credit Union | Pathways Financial Credit Union, Inc. |
| Sep 1, 2020 | Tazewell County Government Employees Credit Union | Kemba Peoria Credit Union |
| Sep 1, 2020 | Golden Eagle Federal Credit Union | Employees Federal Credit Union |
| Sep 1, 2020 | Connecticut Transit Federal Credit Union | America's First Network Credit Union |
| Sep 1, 2020 | Santander Bancorp | First Bancorp |
| Sep 1, 2020 | Longview Consolidated Credit Union | Barksdale Federal Credit Union |
| Sep 1, 2020 | CCC Van Wert Credit Union, Inc. | Superior Credit Union Inc |
| Aug 31, 2020 | East Ohio Gas Cleveland Operating Employees Federal Credit Union | Dominion Energy Credit Union |
| Aug 31, 2020 | Asbestos Workers Local 53 Federal Credit Union | Electrical Workers Local 130 Federal Credit Union |
| Aug 22, 2020 | Farmers Bank of Lincoln | Community National Bank & Trust |
| Aug 22, 2020 | Fourth Street Banking Company | Seacoast Banking Corporation of Florida |
| Aug 22, 2020 | First American Bank, N.A. | Hiawatha National Bank |
| Aug 22, 2020 | Freedom Bank | Seacoast National Bank |
| Aug 22, 2020 | Advantage Community Bancshares, Inc. | Nicolet Bankshares, Inc. |
| Aug 22, 2020 | Advantage Community Bank | Nicolet National Bank |
| Aug 15, 2020 | The Farmers & Merchants Bank | Security Bank and Trust Company |
| Aug 15, 2020 | Franklin Financial Network, Inc. | FB Financial Corporation |
| Aug 15, 2020 | Franklin Synergy Bank | FirstBank |
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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