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 |
|---|---|---|
| Oct 1, 2021 | Central Bank of the Midwest | The Central Trust Bank |
| Oct 1, 2021 | Lakeside State Bank | RCB Bank |
| Oct 1, 2021 | Central Bank of Sedalia | The Central Trust Bank |
| Oct 1, 2021 | Orange School Employees Credit Union, Inc. | Pse Credit Union, Inc. |
| Oct 1, 2021 | Friends Federal Credit Union | Oklahoma Educators Credit Union |
| Oct 1, 2021 | Central Bank of Branson | The Central Trust Bank |
| Oct 1, 2021 | Financial Center Credit Union | Valley Strong Credit Union |
| Oct 1, 2021 | Central Bank of St. Louis | The Central Trust Bank |
| Oct 1, 2021 | Pata Federal Credit Union | Allegheny Kiski Postal Federal Credit Union |
| Oct 1, 2021 | Tri Ag West Virginia Federal Credit Union | Pioneer Appalachia Federal Credit Union |
| Oct 1, 2021 | Nishna Valley Credit Union | Community 1st Credit Union |
| Oct 1, 2021 | Central Bank of Warrensburg | The Central Trust Bank |
| Oct 1, 2021 | State Bank of Arcadia | First National Bank and Trust Company |
| Oct 1, 2021 | Romeoville Community Credit Union | Canals & Trails Credit Union |
| Oct 1, 2021 | South Bend Post Office Credit Union | Partners 1st Federal Credit Union |
| Oct 1, 2021 | Central Bank of Boone County | The Central Trust Bank |
| Oct 1, 2021 | Central Trust Company | The Central Trust Bank |
| Oct 1, 2021 | Central Bank of The Ozarks | The Central Trust Bank |
| Oct 1, 2021 | Flowers Employees Credit League Credit Union | Envision Credit Union |
| Oct 1, 2021 | Horizons Federal Credit Union | Empower Federal Credit Union |
| Oct 1, 2021 | Oklahoma State Bank | RCB Bank |
| Oct 1, 2021 | Coulee Dam Federal Credit Union | Spokane Teachers Credit Union |
| Oct 1, 2021 | Peoples Independent Church Federal Credit Union | Arrowhead Federal Credit Union |
| Oct 1, 2021 | Fort McPherson Credit Union | Georgia's Own Credit Union |
| Oct 1, 2021 | Chabot Federal Credit Union | University Credit Union |
| Oct 1, 2021 | Credit Union of the Berkshires | Greylock Federal Credit Union |
| Sep 30, 2021 | All Souls Federal Credit Union | Rockland Employees Federal Credit Union |
| Sep 18, 2021 | LINKBANK | LINKBANK |
| Sep 18, 2021 | Premier Bank, Inc. | Peoples Bank |
| Sep 18, 2021 | Citizens State Bank of Hayfield | Manufacturers Bank & Trust Company |
| Sep 18, 2021 | Premier Financial Bancorp, Inc. | Peoples Bancorp Inc. |
| Sep 18, 2021 | GNB Financial Services, Inc. | Linkbancorp, Inc. |
| Sep 18, 2021 | 1st Bank | The Yellowstone Bank |
| Sep 18, 2021 | Farmers and Merchants State Bank of Blooming Prairie | Manufacturers Bank & Trust Company |
| Sep 18, 2021 | Citizens Deposit Bank & Trust | Peoples Bank |
| Sep 16, 2021 | Collins Bankcorp, Inc. | Community Capital Bancorp, Inc. |
| Sep 4, 2021 | mBank | Nicolet National Bank |
| Sep 4, 2021 | Mackinac Financial Corporation | Nicolet Bankshares, Inc. |
| Sep 1, 2021 | Otter Tail Credit Union | Greater Community Credit Union |
| Sep 1, 2021 | Cumberland Bancshares, Inc. | First Paragould Bankshares, Inc. |
| Sep 1, 2021 | Security Bancshares, Inc. | Grahamjb6 Co. |
| Sep 1, 2021 | Sevier County Bank | SmartBank |
| Sep 1, 2021 | Trumbull County Postal Employees Credit Union, Inc. | Credit Union of Ohio |
| Sep 1, 2021 | First State Bank | Unity Bank of Mississippi |
| Sep 1, 2021 | First Bank and Trust of Childress | First United Bank |
| Sep 1, 2021 | Fairmont Village Credit Union | Revity Credit Union |
| Sep 1, 2021 | Tin Mill Employees Federal Credit Union | First Choice America Community Federal Credit Union |
| Sep 1, 2021 | Our Community Bank | Crane Credit Union |
| Sep 1, 2021 | Citizens Bank | First National Bank |
| Sep 1, 2021 | South Division Credit Union | Scott 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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