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 |
|---|---|---|
| Jan 1, 2022 | Equishare Credit Union | Quantum Credit Union |
| Jan 1, 2022 | Bank of Commerce | Welch State Bank of Welch, OKLA. |
| Jan 1, 2022 | Bank of Turtle Lake | Trucommunity Bank |
| Jan 1, 2022 | Florida Department of Transportation Credit Union | Champions First Credit Union |
| Jan 1, 2022 | Belle River Community Credit Union | Freestar Financial Credit Union |
| Jan 1, 2022 | North Arundel Savings Bank | Bayvanguard Bank |
| Jan 1, 2022 | Farmers & Traders Savings Bank | Fidelity Bank & Trust |
| Jan 1, 2022 | The Bryn Mawr Trust Company | Wilmington Savings Fund Society, FSB |
| Jan 1, 2022 | Pomona Postal Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jan 1, 2022 | Vist Bank | Tompkins Bank & Trust |
| Jan 1, 2022 | Oxford Bank & Trust | Greenstate Credit Union |
| Jan 1, 2022 | Springfield State Bank | Horizon Bank |
| Jan 1, 2022 | Legacy Federal Credit Union | Consolidated Federal Credit Union |
| Jan 1, 2022 | Texas Federal Credit Union | Texas Trust Credit Union |
| Jan 1, 2022 | Patterson Pump Federal Credit Union | North Georgia Credit Union |
| Jan 1, 2022 | Mahopac Bank | Tompkins Bank & Trust |
| Jan 1, 2022 | Elm River Credit Union | First Community Credit Union |
| Jan 1, 2022 | Citizens Union Bank of Shelbyville | German American Bank |
| Jan 1, 2022 | The Citizens Bank of Fayette | BankFirst Financial Services |
| Jan 1, 2022 | Western Rockies Federal Credit Union | Canvas Credit Union |
| Jan 1, 2022 | Esa Credit Union | Idaho Central Credit Union |
| Jan 1, 2022 | E*trade Bank | Morgan Stanley Private Bank, N.A. |
| Jan 1, 2022 | MY Credit Union | San Francisco Federal Credit Union |
| Jan 1, 2022 | Town of Palm Beach Federal Credit Union | Guardians Credit Union |
| Jan 1, 2022 | Farmers Security Bank | Trucommunity Bank |
| Jan 1, 2022 | The Bank of Castile | Tompkins Bank & Trust |
| Jan 1, 2022 | Erie Times Employees Federal Credit Union | Erie Federal Credit Union |
| Jan 1, 2022 | Financial Advantage Federal Credit Union | United Community Federal Credit Union |
| Jan 1, 2022 | Rocky Mountain Bank | First Western Trust Bank |
| Jan 1, 2022 | Northland Teachers Community Credit Union | CSD Credit Union |
| Jan 1, 2022 | Western Heritage Federal Credit Union | Meridian Trust Federal Credit Union |
| Jan 1, 2022 | Bank of Newman Grove | Citizens State Bank |
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.
Explore: all mergers · 2022 bank events · browse by acquirer · bank failures · all events