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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.

173
Banks acquired
6 bought by a credit union
158
Credit unions merged
NIC, credit unions as the acquired side
89
Holding companies
Bank holding companies merged
437
All merger records
2021 in US banking ›

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 State Assets Acquirer
Oct 9, 2021 BBVA USA AL $87.22B PNC Bank, N.A.
Oct 29, 2021 Cadence Bank, N.A. GA $19.74B Cadence Bank
Nov 13, 2021 Century Bank and Trust Company MA $7.11B Eastern Bank
Nov 13, 2021 East Boston Savings Bank MA $6.13B Rockland Trust Company
Oct 1, 2021 Central Bank of the Midwest MO $4.09B The Central Trust Bank
Oct 1, 2021 Altabank UT $3.65B Glacier Bank
Oct 1, 2021 EnerBank USA UT $3.13B Regions Bank
Dec 1, 2021 West Suburban Bank IL $2.90B Old Second National Bank
Oct 1, 2021 Central Bank of Boone County MO $2.80B The Central Trust Bank
Oct 1, 2021 Central Bank of St. Louis MO $2.45B The Central Trust Bank
Dec 18, 2021 First Florida Integrity Bank FL $2.39B First Foundation Bank
Oct 1, 2021 Merchants Bank of Commerce CA $1.95B Columbia State Bank
Oct 1, 2021 Central Bank of The Ozarks MO $1.92B The Central Trust Bank
Oct 16, 2021 Select Bank & Trust Company NC $1.82B First Bank
Dec 4, 2021 Essex Bank VA $1.77B United Bank

Biggest bank failures by assets ›

Credit union mergers in 2021

158 credit unions merged into another institution. NCUA 5300 asset figures are not loaded for 2021.

Effective Merged credit union State Surviving institution
Mar 1, 2021 General Portland Peninsular Employees Federal Credit Union OH Midwest Community Federal Credit Union
Mar 1, 2021 Postal Employees Credit Union AL North Alabama Educators Credit Union
Mar 1, 2021 Greenup County Federal Credit Union KY Members Choice Credit Union
Mar 1, 2021 Columbus Metro Federal Credit Union OH Telhio Credit Union, Inc.
Feb 28, 2021 Canaan Credit Union IL University of Illinois Community Credit Union
Feb 28, 2021 Muhlenberg Community Hospital Credit Union KY Green River Area Federal Credit Union
Feb 27, 2021 Canoga Postal Federal Credit Union CA Gain Federal Credit Union
Feb 27, 2021 Gloucester Municipal Credit Union MA Metro Credit Union
Feb 3, 2021 Twin States Federal Credit Union MS Mutual Federal Credit Union
Feb 2, 2021 Akron Municipal Employees Credit Union, Inc. OH Towpath Credit Union
Feb 1, 2021 Groton Municipal Employees Federal Credit Union CT America's First Network Credit Union
Feb 1, 2021 Riverset Credit Union PA Allegent Community Federal Credit Union
Feb 1, 2021 Anderson Federal Credit Union SC Spero Financial Federal Credit Union
Jan 31, 2021 C & O United Credit Union KY Northern Kentucky Federal Credit Union
Jan 27, 2021 Notre Dame 2901 Federal Credit Union MD Five Star of Maryland Federal Credit Union
Jan 2, 2021 Penobscot County Credit Union — County Federal Credit Union the
Jan 1, 2021 Greater Wyoming Federal Credit Union WY Nuvision Federal Credit Union
Jan 1, 2021 Loup Employees Credit Union LA Louisiana Federal Credit Union
Jan 1, 2021 Pike Teachers Credit Union AL Guardian Credit Union
Jan 1, 2021 Columbia Greene Credit Union NY Sunmark Credit Union
Jan 1, 2021 State College Federal Credit Union PA Horizon Federal Credit Union
Jan 1, 2021 Cascade Central Credit Union OR Consolidated Federal Credit Union
Jan 1, 2021 RSC Yo/cl Offices Federal Credit Union OH Associated School Employees Credit Union, Inc.
Jan 1, 2021 Bardes Employees Federal Credit Union OH Cinfed Federal Credit Union
Jan 1, 2021 Florida State Employee Federal Credit Union FL Members First Credit Union of Florida

Credit union directory ›

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

Bank mergers by year

·

Year Merger records
2026 360
2025 433
2024 314
2023 363
2022 432
2021 437
2020 437
2019 547
2018 643
2017 608
2016 655
2015 766

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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