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.
| Effective | Merged credit union | Surviving institution |
|---|---|---|
| Jan 1, 2021 | Malheur Federal Credit Union | Rogue Credit Union |
| Jan 1, 2021 | Hudson River Financial Credit Union | Sunmark Credit Union |
| Jan 1, 2021 | Landmark Credit Union | Winsouth Credit Union |
| Jan 1, 2021 | Washtenaw Federal Credit Union | True Community Credit Union |
| Jan 1, 2021 | Lower Valley Credit Union | Self-Help Federal Credit Union |
| Jan 1, 2021 | Saint Matthews Federal Credit Union | Chartway Federal Credit Union |
| Jan 1, 2021 | Northstar Credit Union | Numark Credit Union |
| Jan 1, 2021 | Firefly Federal Credit Union | Trustone Financial Credit Union |
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 |
|---|---|---|
| Feb 1, 2021 | Groton Municipal Employees Federal Credit Union | America's First Network Credit Union |
| Feb 1, 2021 | Radius Bancorp, Inc. | Happen, Inc. |
| Feb 1, 2021 | Bay Banks of Virginia, Inc. | Blue Ridge Bankshares, Inc. |
| Feb 1, 2021 | Dime Community Bancshares, Inc. | Dime Commercial Bancshares, Inc. |
| Feb 1, 2021 | Dime Community Bank | Dime Commercial Bank |
| Feb 1, 2021 | Riverset Credit Union | Allegent Community Federal Credit Union |
| Feb 1, 2021 | Anderson Federal Credit Union | Spero Financial Federal Credit Union |
| Feb 1, 2021 | Virginia Commonwealth Bank | Blue Ridge Bank, N.A. |
| Jan 31, 2021 | C & O United Credit Union | Northern Kentucky Federal Credit Union |
| Jan 30, 2021 | The Morris County National Bank of Naples | The City National Bank of Sulphur Springs |
| Jan 27, 2021 | Notre Dame 2901 Federal Credit Union | Five Star of Maryland Federal Credit Union |
| Jan 23, 2021 | Ormsby State Bank | Citizens Bank Minnesota |
| Jan 12, 2021 | Poplar Bluff Banc Company | Midwest Bancorporation, Inc. |
| Jan 7, 2021 | Tilden Bancshares, Inc. | First York Ban Corp. |
| Jan 7, 2021 | The Tilden Bank | Cornerstone Bank |
| Jan 5, 2021 | Litchfield Bancorp | Northwest Community Bank |
| Jan 5, 2021 | Collinsville Bank | Northwest Community Bank |
| Jan 2, 2021 | Penobscot County | County Federal Credit Union the |
| Jan 1, 2021 | Landmark Credit Union | Winsouth Credit Union |
| Jan 1, 2021 | Washtenaw Federal Credit Union | True Community Credit Union |
| Jan 1, 2021 | Saint Matthews Federal Credit Union | Chartway Federal Credit Union |
| Jan 1, 2021 | Northstar Credit Union | Numark Credit Union |
| Jan 1, 2021 | State Bank of Lincoln | Heartland Bank and Trust Company |
| Jan 1, 2021 | Lower Valley Credit Union | Self-Help Federal Credit Union |
| Jan 1, 2021 | Greater Wyoming Federal Credit Union | Nuvision Federal Credit Union |
| Jan 1, 2021 | Firefly Federal Credit Union | Trustone Financial Credit Union |
| Jan 1, 2021 | RSC Yo/cl Offices Federal Credit Union | Associated School Employees Credit Union, Inc. |
| Jan 1, 2021 | Bardes Employees Federal Credit Union | Cinfed Federal Credit Union |
| Jan 1, 2021 | Cascade Central Credit Union | Consolidated Federal Credit Union |
| Jan 1, 2021 | Columbia Greene Credit Union | Sunmark Credit Union |
| Jan 1, 2021 | State College Federal Credit Union | Horizon Federal Credit Union |
| Jan 1, 2021 | Loup Employees Credit Union | Louisiana Federal Credit Union |
| Jan 1, 2021 | Pike Teachers Credit Union | Guardian Credit Union |
| Jan 1, 2021 | Florida State Employee Federal Credit Union | Members First Credit Union of Florida |
| Jan 1, 2021 | Malheur Federal Credit Union | Rogue Credit Union |
| Jan 1, 2021 | Hudson River Financial Credit Union | Sunmark Credit Union |
| Jan 1, 2021 | Mitchell Bank | First Federal Bank of Wisconsin |
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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