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 |
|---|---|---|
| Apr 1, 2021 | First Farmers State Bank | Bank of Pontiac |
| Apr 1, 2021 | Aspire Federal Credit Union | Pentagon Federal Credit Union |
| Apr 1, 2021 | First Reliance Federal Credit Union | Mygeorgia Credit Union |
| Apr 1, 2021 | Riverside Health System Employees Credit Union | 1st Advantage Federal Credit Union |
| Apr 1, 2021 | Dill Federal Credit Union | Vision Financial Federal Credit Union |
| Apr 1, 2021 | First Credit Union of Scranton | Penn East Federal Credit Union |
| Apr 1, 2021 | Xceed Financial Credit Union | Kinecta Federal Credit Union |
| Apr 1, 2021 | Munseetown Community Federal Credit Union | First County Federal Credit Union |
| Apr 1, 2021 | Desert Sage Federal Credit Union | Pioneer Federal Credit Union |
| Apr 1, 2021 | B.C.S. Community Credit Union | Community Choice Credit Union |
| Apr 1, 2021 | Post Office Credit Union | Pentagon Federal Credit Union |
| Apr 1, 2021 | Diversified Credit Union | Blaze Credit Union |
| Apr 1, 2021 | Consolidated Controls Corp. Federal Credit Union | Mutual Security Credit Union, Inc. |
| Apr 1, 2021 | Broadway Federal Bank, f.s.b. | City First Bank, N.A. |
| Apr 1, 2021 | The Elberfeld State Bank | Heritage Federal Credit Union |
| Mar 31, 2021 | Riegelwood Federal Credit Union | Rev Federal Credit Union |
| Mar 27, 2021 | First State Bank | Northeast Security Bank |
| Mar 25, 2021 | William Penn Bancorp, Inc | William Penn Bancorporation |
| Mar 22, 2021 | Community National Bank | SimplyBank. |
| Mar 22, 2021 | Winthrop-University Hospital Employees Federal Credit Union | New York University Federal Credit Union |
| Mar 20, 2021 | Northern Sky Bank | United Valley Bank |
| Mar 20, 2021 | SFB Bancorp, Inc. | Community First Bancorporation |
| Mar 20, 2021 | Security Federal Bank | Community First Bank, Inc. |
| Mar 15, 2021 | The Lorraine State Bank | First Kansas Bank |
| Mar 6, 2021 | Kennebec Federal Savings & Loan Association | Kennebec Savings Bank |
| Mar 1, 2021 | General Portland Peninsular Employees Federal Credit Union | Midwest Community Federal Credit Union |
| Mar 1, 2021 | Gibraltar Bank | Bogota Savings Bank |
| Mar 1, 2021 | Columbus Metro Federal Credit Union | Telhio Credit Union, Inc. |
| Mar 1, 2021 | Willamette Community Bank | People's Bank of Commerce |
| Mar 1, 2021 | Postal Employees Credit Union | North Alabama Educators Credit Union |
| Mar 1, 2021 | Greenup County Federal Credit Union | Members Choice Credit Union |
| Feb 28, 2021 | Canaan Credit Union | University of Illinois Community Credit Union |
| Feb 28, 2021 | Muhlenberg Community Hospital Credit Union | Green River Area Federal Credit Union |
| Feb 27, 2021 | Gloucester Municipal Credit Union | Metro Credit Union |
| Feb 27, 2021 | Reynolds State Bank | Peoples National Bank of Kewanee |
| Feb 27, 2021 | Canoga Postal Federal Credit Union | Gain Federal Credit Union |
| Feb 24, 2021 | Linco Bancshares, Inc. | First Mid Bancshares, Inc. |
| Feb 20, 2021 | Main Street Bank | Superior National Bank |
| Feb 20, 2021 | Muleshoe Bancshares, Inc. | Happy State Bank |
| Feb 20, 2021 | Community Holding Company | First State Bancorp, Inc. |
| Feb 20, 2021 | Inez Deposit Bank | First State Bank |
| Feb 20, 2021 | First Bank of Muleshoe | Happy State Bank |
| Feb 20, 2021 | Bank of Hamilton | Kodabank |
| Feb 20, 2021 | First National Bank Baird | First National Bank and Trust Company of Weatherford dba First Bank Texas |
| Feb 20, 2021 | Community Bank of the Midwest | Peoples Bank and Trust Company |
| Feb 6, 2021 | Islanders Bank | Banner Bank |
| Feb 6, 2021 | Farmers & Mechanics Bank | CBI Bank & Trust |
| Feb 5, 2021 | WestSide Bank | The Piedmont Bank |
| Feb 3, 2021 | Twin States Federal Credit Union | Mutual Federal Credit Union |
| Feb 2, 2021 | Akron Municipal Employees Credit Union, Inc. | Towpath 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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