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 |
|---|---|---|
| Jul 1, 2021 | Bank of Feather River | Plumas Bank |
| Jul 1, 2021 | Ohana Pacific Bank | Commonwealth Business Bank |
| Jul 1, 2021 | Bancorpsouth Municipal Development Corporation | Cadence Bank |
| Jul 1, 2021 | Landmark Community Bank | Fidelity Bank |
| Jul 1, 2021 | Boston Private Financial Holdings, Inc. | SVB Financial Group |
| Jul 1, 2021 | Boston Private Bank & Trust Company | Silicon Valley Bank |
| Jul 1, 2021 | ChoiceOne Credit Union | Simplicity Credit Union |
| Jul 1, 2021 | Melvin Savings Bank | Iowa State Bank |
| Jul 1, 2021 | C T a C and M Federal Credit Union | 77th Street Depot Federal Credit Union |
| Jul 1, 2021 | Saif Federal Credit Union | La Capitol Federal Credit Union |
| Jul 1, 2021 | Federal Employees West Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jul 1, 2021 | M E M Federal Credit Union | Century Heritage Federal Credit Union |
| Jul 1, 2021 | Saint Thomas Employee Federal Credit Union | Catholic United Financial Credit Union |
| Jul 1, 2021 | Jeff Davis Teachers Federal Credit Union | Cse Federal Credit Union |
| Jul 1, 2021 | Kentucky Bank | Stock Yards Bank & Trust Company |
| Jul 1, 2021 | Muddy River Credit Union | Frontier Community Credit Union |
| Jul 1, 2021 | Coshocton Federal Credit Union | C.E.S. Credit Union, Inc. |
| Jul 1, 2021 | Stanley Bank | Outdoor Bank |
| Jul 1, 2021 | The Bank of Fincastle | First Bank |
| Jul 1, 2021 | Ae Goetze Employees Credit Union | First Alliance Credit Union |
| Jul 1, 2021 | Burns and McDonnell Credit Union | Communityamerica Federal Credit Union |
| Jul 1, 2021 | First National Bank of Chadron | Homestead Bank |
| Jul 1, 2021 | Solano First Federal Credit Union | Valley Strong Credit Union |
| Jul 1, 2021 | Mainstreet Bank | Western National Bank |
| Jul 1, 2021 | Heartland Federal Credit Union | Myusa Credit Union, Inc. |
| Jul 1, 2021 | Georgetown Federal Credit Union | Bienestar Federal Credit Union |
| Jun 30, 2021 | Stroud National Bank | First Bank & Trust Company |
| Jun 26, 2021 | Security State Bank of Fergus Falls | FM Bank |
| Jun 26, 2021 | F & M Bank Minnesota | FM Bank |
| Jun 25, 2021 | Millington Savings Service Corporation | Kearny Bank |
| Jun 15, 2021 | Electrogas Credit Union | Altonized Community Federal Credit Union |
| Jun 12, 2021 | Sunset Bank & Savings | Peoples State Bank |
| Jun 9, 2021 | TCF National Bank | The Huntington National Bank |
| Jun 9, 2021 | TCF Financial Corporation | Huntington Bancshares Incorporated |
| Jun 5, 2021 | The First National Bank of Tahoka | Happy State Bank |
| Jun 1, 2021 | Fedstar Federal Credit Union | Infirst Federal Credit Union |
| Jun 1, 2021 | Kuakini Medical and Dental Federal Credit Union | Hawaiian Financial Federal Credit Union |
| Jun 1, 2021 | Global 1 Federal Credit Union | First Harvest Federal Credit Union |
| Jun 1, 2021 | Good Samaritan Federal Credit Union | Voyage Federal Credit Union |
| Jun 1, 2021 | Hamlet Federal Credit Union | Rev Federal Credit Union |
| Jun 1, 2021 | Leyden Credit Union | Partnership Financial Credit Union |
| Jun 1, 2021 | Morton Weeks Federal Credit Union | Maple Federal Credit Union |
| Jun 1, 2021 | Premier Federal Credit Union | Skyla Federal Credit Union |
| Jun 1, 2021 | Construction Industries Credit Union | First Nebraska Credit Union |
| Jun 1, 2021 | Lighthouse Community Credit Union | Rivermark Community Credit Union |
| Jun 1, 2021 | Amerant Trust, N.A. | Amerant Bank, N.A. |
| Jun 1, 2021 | Roper Corporation Employees Credit Union | Tennessee Valley Federal Credit Union |
| Jun 1, 2021 | Cummins-American Corp. | First Busey Corporation |
| Jun 1, 2021 | BBVA USA Bancshares, Inc. | The PNC Financial Services Group, Inc. |
| Jun 1, 2021 | Kentucky Bancshares, Inc. | Stock Yards Bancorp, Inc. |
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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