Mergers by Year
Bank Mergers in 2021
173 banks were acquired or merged into another institution in 2021, and 158 credit unions merged, according to the Federal Reserve's National Information Center (NIC). The largest bank deal was BBVA USA into PNC Bank, N.A., effective October 9, 2021; the acquired bank reported $87.22B in assets before the deal. NIC recorded 437 merger records in 2021 against 437 in 2020.
Largest bank mergers of 2021
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Oct 9, 2021 | BBVA USA | $87.22B | PNC Bank, N.A. |
| Oct 29, 2021 | Cadence Bank, N.A. | $19.74B | Cadence Bank |
| Nov 13, 2021 | Century Bank and Trust Company | $7.11B | Eastern Bank |
| Nov 13, 2021 | East Boston Savings Bank | $6.13B | Rockland Trust Company |
| Oct 1, 2021 | Central Bank of the Midwest | $4.09B | The Central Trust Bank |
| Oct 1, 2021 | Altabank | $3.65B | Glacier Bank |
| Oct 1, 2021 | EnerBank USA | $3.13B | Regions Bank |
| Dec 1, 2021 | West Suburban Bank | $2.90B | Old Second National Bank |
| Oct 1, 2021 | Central Bank of Boone County | $2.80B | The Central Trust Bank |
| Oct 1, 2021 | Central Bank of St. Louis | $2.45B | The Central Trust Bank |
| Dec 18, 2021 | First Florida Integrity Bank | $2.39B | First Foundation Bank |
| Oct 1, 2021 | Merchants Bank of Commerce | $1.95B | Columbia State Bank |
| Oct 1, 2021 | Central Bank of The Ozarks | $1.92B | The Central Trust Bank |
| Oct 16, 2021 | Select Bank & Trust Company | $1.82B | First Bank |
| Dec 4, 2021 | Essex Bank | $1.77B | United Bank |
Credit union mergers in 2021
158 credit unions merged into another institution. NCUA 5300 asset figures are not loaded for 2021.
Every merger recorded in 2021
437 NIC merger records in 2021 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Jun 1, 2021 | Firestone Lake Charles Federal Credit Union | Pelican Credit Union |
| Jun 1, 2021 | Tesoro Northwest Federal Credit Union | North Coast Credit Union |
| Jun 1, 2021 | Western States Regional Federal Credit Union | Rancho Federal Credit Union |
| May 29, 2021 | Standard Avb Financial Corp. | Dollar Mutual Bancorp |
| May 28, 2021 | First Bank of Linden | Alabama One Credit Union |
| May 27, 2021 | Savoy Bank | Hanover Community Bank |
| May 22, 2021 | Security State Bank, Wishek, North Dakota | Unison Bank |
| May 22, 2021 | American Bank of the North | Park State Bank |
| May 22, 2021 | The Lake Bank | Park State Bank |
| May 21, 2021 | The First National Bank and Trust Company of Vinita | BancFirst |
| May 15, 2021 | Arkansas County Bank | Southern Bancorp Bank |
| May 15, 2021 | Providence Bank | First Mid Bank & Trust, N.A. |
| May 15, 2021 | Dewitt First Bankshares Corporation | Southern Bancorp, Inc |
| May 3, 2021 | Members Choice Federal Credit Union | Indiana Members Credit Union |
| May 1, 2021 | FNB Bank | Cadence Bank |
| May 1, 2021 | Business Bank of Texas, N.A. | Lone Star Capital Bank, National Association |
| May 1, 2021 | Eagle Community Bank | Falcon National Bank |
| May 1, 2021 | National United Bancshares, Inc. | Cadence Bank |
| May 1, 2021 | Ossian Financial Services, Inc. | Farmers & Merchants Bancorp, Inc. |
| May 1, 2021 | FNS Bancshares, Inc. | Cadence Bank |
| May 1, 2021 | Baylor Bancshares, Inc. | Peoples Bancorp, Inc. |
| May 1, 2021 | First General Credit Union | Community Choice Credit Union |
| May 1, 2021 | Chicago Central and Commerce Credit Union | Cedar Falls Community Credit Union |
| May 1, 2021 | Ossian State Bank | The Farmers & Merchants State Bank |
| May 1, 2021 | U a P Employees Federal Credit Union | Quest Federal Credit Union |
| May 1, 2021 | Coastal Teachers Federal Credit Union | Cal-Com Federal Credit Union |
| May 1, 2021 | First Class American Credit Union | United Texas Credit Union |
| May 1, 2021 | Edgewater Bank | United Federal Credit Union |
| May 1, 2021 | Wenona State Bank | Eureka Savings Bank |
| May 1, 2021 | First Bank & Trust | Peoples Bank |
| May 1, 2021 | Bank of Gravette | Legacy Bank |
| May 1, 2021 | Bacharach Employees Federal Credit Union | Pheple Federal Credit Union |
| May 1, 2021 | Infinity Federal Credit Union | Empeople Credit Union |
| May 1, 2021 | National United | Cadence Bank |
| May 1, 2021 | Kelco Federal Credit Union | Chessie Federal Credit Union |
| Apr 30, 2021 | Glamour Federal Credit Union | Puerto Rico Federal Credit Union |
| Apr 17, 2021 | Waukesha Bankshares, Inc. | PSB Holdings, Inc. |
| Apr 16, 2021 | SouthFirst Bank | First Bank of Alabama |
| Apr 12, 2021 | United Neighbors Federal Credit Union | Sea Comm Federal Credit Union |
| Apr 10, 2021 | Rockwood Bancshares, Inc. | First Illinois Bancorp, Inc. |
| Apr 10, 2021 | Rockwood Bank | Lindell Bank & Trust Company |
| Apr 9, 2021 | Wonder Bancorp, Inc. | First Secure Bank Group, Inc. |
| Apr 1, 2021 | Fauquier Bankshares, Inc. | Virginia National Bankshares Corporation |
| Apr 1, 2021 | Cheaha Bank | Investar Bank, N.A. |
| Apr 1, 2021 | Cheaha Financial Group, Inc. | Investar Holding Corporation |
| Apr 1, 2021 | Cfbanc Corporation | Broadway Financial Corporation |
| Apr 1, 2021 | Medina Community Bancshares, Inc. | TXN Bancshares, Inc. |
| Apr 1, 2021 | First Bancshares, Inc. | OakStar Bancshares, Inc. |
| Apr 1, 2021 | Lancaster Pa Firemen Federal Credit Union | Penlanco Federal Credit Union |
| Apr 1, 2021 | The Fauquier Bank | Virginia National Bank |
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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