Mergers by Year
Bank Mergers in 2022
150 banks were acquired or merged into another institution in 2022, and 179 credit unions merged, according to the Federal Reserve's National Information Center (NIC). The largest bank deal was Capital One Bank (USA), N.A. into Capital One, N.A., effective October 1, 2022; the acquired bank reported $127.60B in assets before the deal. NIC recorded 432 merger records in 2022 against 437 in 2021.
Largest bank mergers of 2022
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Oct 1, 2022 | Capital One Bank (USA), N.A. | $127.60B | Capital One, N.A. |
| Jan 1, 2022 | E*trade Bank | $79.13B | Morgan Stanley Private Bank, N.A. |
| Apr 2, 2022 | People's United Bank, National Association | $62.77B | Manufacturers and Traders Trust Company |
| Jan 4, 2022 | CIT Bank, National Association | $47.56B | First-Citizens Bank & Trust Company |
| Feb 1, 2022 | Sterling National Bank | $29.56B | Webster Bank, N.A. |
| Apr 7, 2022 | Investors Bank | $27.95B | Citizens Bank, N.A. |
| Feb 16, 2022 | First Midwest Bank | $21.63B | Old National Bank |
| Feb 1, 2022 | Great Western Bank | $13.34B | First Interstate Bank |
| Jan 1, 2022 | E*trade Savings Bank | $9.77B | Morgan Stanley Private Bank, N.A. |
| Apr 1, 2022 | Bank Leumi USA | $8.20B | Valley National Bank |
| Apr 1, 2022 | Happy State Bank | $6.75B | Centennial Bank |
| Jan 1, 2022 | The Bryn Mawr Trust Company | $5.04B | Wilmington Savings Fund Society, FSB |
| Oct 1, 2022 | CommunityBank of Texas, N.A. | $4.27B | Stellar Bank |
| Mar 1, 2022 | Atlantic Capital Bank, N.A. | $3.82B | SouthState Bank, N.A. |
| Apr 9, 2022 | Spirit of Texas Bank, SSB | $3.22B | Simmons Bank |
Credit union mergers in 2022
179 credit unions merged into another institution. NCUA 5300 asset figures are not loaded for 2022.
Every merger recorded in 2022
432 NIC merger records in 2022 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Nov 1, 2022 | Bedford Va Federal Credit Union | Common Trust Federal Credit Union |
| Nov 1, 2022 | Memorial Health Credit Union | Core Credit Union |
| Nov 1, 2022 | Persons Banking Company | Robins Financial Credit Union |
| Nov 1, 2022 | Tacoma Narrows Federal Credit Union | Cascade Federal Credit Union |
| Nov 1, 2022 | Western Region Federal Credit Union | Best Reward Federal Credit Union |
| Nov 1, 2022 | Dearborn County Federal Credit Union | Hoosier Hills Credit Union |
| Oct 31, 2022 | Arvest Central Mortgage Company | Arvest Bank |
| Oct 31, 2022 | Spelc Federal Credit Union | Southwest Louisiana Credit Union |
| Oct 25, 2022 | Ashton State Bank | Cornerstone Bank |
| Oct 22, 2022 | Arizona Bank & Trust | HTLF Bank |
| Oct 21, 2022 | St. Johns Buffalo Federal Credit Union | Radius Federal Credit Union |
| Oct 17, 2022 | Meramec Valley Bank | Montgomery Bank |
| Oct 15, 2022 | Homebank of Arkansas | Barksdale Federal Credit Union |
| Oct 15, 2022 | First City Bank | Buckeye State Bank |
| Oct 15, 2022 | Bank of Zumbrota | Frandsen Bank & Trust |
| Oct 12, 2022 | Fort Davis Bancshares, Inc. | Maverick Bancshares, Inc. |
| Oct 8, 2022 | Envision Bank | Abington Bank |
| Oct 8, 2022 | Apollo Bancshares, Inc. | Seacoast Banking Corporation of Florida |
| Oct 8, 2022 | Randolph Bancorp Inc. | Hometown Financial Group MHC |
| Oct 8, 2022 | Apollo Bank | Seacoast National Bank |
| Oct 8, 2022 | Drummond Banking Company | Seacoast Banking Corporation of Florida |
| Oct 8, 2022 | Premier Bank Rochester | Premier Bank Minnesota |
| Oct 8, 2022 | Drummond Community Bank | Seacoast National Bank |
| Oct 8, 2022 | The Merchants and Farmers Bank of Salisbury | BTC Bank |
| Oct 8, 2022 | Bank of St. Elizabeth | Mid America Bank |
| Oct 8, 2022 | BTH Bank, National Association | Origin Bank |
| Oct 5, 2022 | Allied First Bancorp, Inc. | Servbanc Holdco, Inc. |
| Oct 4, 2022 | Monona Bankshares, Inc. | Lake Ridge Bancorp, Inc. |
| Oct 3, 2022 | Ward County Credit Union | Westex Community Credit Union |
| Oct 3, 2022 | First Miami University Student Federal Credit Union | Miami University Community Federal Credit Union |
| Oct 1, 2022 | White Crown Federal Credit Union | Colorado Credit Union |
| Oct 1, 2022 | Unicredit Services Societa' Consortile Per Azioni | Unicredit S.P.A. |
| Oct 1, 2022 | Bluetarp Financial, Inc. | Capital One, N.A. |
| Oct 1, 2022 | Peoples-Sidney Financial Corporation | Farmers & Merchants Bancorp, Inc. |
| Oct 1, 2022 | Allegiance Bancshares, Inc. | Stellar Bancorp Inc. |
| Oct 1, 2022 | Freedom Bank | Landmark National Bank |
| Oct 1, 2022 | Commerce State Bank | Summit Credit Union |
| Oct 1, 2022 | Capital One Loan Management, Inc. | Capital One, N.A. |
| Oct 1, 2022 | TexStar National Bank | American Bank, National Association |
| Oct 1, 2022 | Horizon Community Bank | Arizona Financial Credit Union |
| Oct 1, 2022 | Capital One Bank (USA), N.A. | Capital One, N.A. |
| Oct 1, 2022 | Bancshares of Jackson Hole, Incorporated | National Bank Holdings Corporation |
| Oct 1, 2022 | Northmark Bank | Cambridge Trust Company |
| Oct 1, 2022 | Citizens Bancshares, Inc. | CSB Financial Holdings, Inc. |
| Oct 1, 2022 | Tate Financial Corporation | BankFirst Capital Corporation |
| Oct 1, 2022 | Terminal Credit Union | Riverland Federal Credit Union |
| Oct 1, 2022 | Lincoln Usda Federal Credit Union | First Nebraska Credit Union |
| Oct 1, 2022 | Sycamore Bank | BankFirst Financial Services |
| Oct 1, 2022 | Jacksonville Postal and Professional Credit Union | First Florida Credit Union |
| Oct 1, 2022 | O'Neal Credit Union | Alatrust 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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