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 |
|---|---|---|
| Feb 2, 2022 | Pacific Enterprise Bank | United Business Bank |
| Feb 2, 2022 | Pacific Enterprise Bancorp | Baycom Corp |
| Feb 2, 2022 | Golden Pacific Bancorp, Inc. | Social Finance, LLC |
| Feb 1, 2022 | Great Western Bank | First Interstate Bank |
| Feb 1, 2022 | Great Western Bancorp, Inc. | First Interstate Bancsystem, Inc. |
| Feb 1, 2022 | Sterling Bancorp | Webster Financial Corporation |
| Feb 1, 2022 | Commfirst Federal Credit Union | Brightview Federal Credit Union |
| Feb 1, 2022 | Boys Town Federal Credit Union | Cobalt Federal Credit Union |
| Feb 1, 2022 | Nma Federal Credit Union | Pentagon Federal Credit Union |
| Feb 1, 2022 | First State Bank | Shelby County State Bank |
| Feb 1, 2022 | Sumter City Credit Union | Safe Federal Credit Union |
| Feb 1, 2022 | Equitable Federal Credit Union | Buckeye State Credit Union, Inc. |
| Feb 1, 2022 | Waterbury Police Federal Credit Union | Police Credit Union of CT |
| Feb 1, 2022 | Gem Federal Credit Union | Great River Federal Credit Union |
| Feb 1, 2022 | Towanda School Employees Federal Credit Union | Ingersoll-Rand Federal Credit Union |
| Feb 1, 2022 | Gulf States Credit Union | McCoy Federal Credit Union |
| Feb 1, 2022 | Sterling National Bank | Webster Bank, N.A. |
| Jan 31, 2022 | Royal Financial, Inc. | Finward Bancorp |
| Jan 31, 2022 | Royal Savings Bank | Peoples Bank |
| Jan 29, 2022 | Farmers Savings Bank | Security State Bank |
| Jan 29, 2022 | Durand State Bank | Solutions Bank |
| Jan 28, 2022 | Ponce Bank Mutual Holding Company | Ponce Financial Group, Inc. |
| Jan 28, 2022 | PDL Community Bancorp | Ponce Financial Group, Inc. |
| Jan 22, 2022 | Howard Bancorp, Inc. | F.N.B. Corporation |
| Jan 22, 2022 | Arrowpointe Federal Credit Union | Founders Federal Credit Union |
| Jan 21, 2022 | Coastal New England Federal Credit Union | Taunton Federal Credit Union |
| Jan 8, 2022 | Suncrest Bank | Citizens Business Bank, N.A. |
| Jan 7, 2022 | 1st Constitution Bancorp | Lakeland Bancorp, Inc. |
| Jan 7, 2022 | 1st Constitution Bank | Lakeland Bank |
| Jan 6, 2022 | Merchants Bank of Alabama | Southpoint Bank |
| Jan 6, 2022 | Merchants Financial Services, Inc. | Southpoint Bancshares, Inc. |
| Jan 5, 2022 | State Bank of Saunemin | State Bank of Graymont |
| Jan 4, 2022 | CIT Group Inc. | First-Citizens Bank & Trust Company |
| Jan 4, 2022 | CIT Bank, National Association | First-Citizens Bank & Trust Company |
| Jan 3, 2022 | Sabal Palm Bancorp, Inc. | Seacoast Banking Corporation of Florida |
| Jan 3, 2022 | Sabal Palm Bank | Seacoast National Bank |
| Jan 3, 2022 | Business Bank of Florida, Corp. | Seacoast Banking Corporation of Florida |
| Jan 3, 2022 | Florida Business Bank | Seacoast National Bank |
| Jan 2, 2022 | Texas Bank Financial | TexasBank |
| Jan 1, 2022 | Sbi Acquisition I, Inc. | Stupp BROS., Inc. |
| Jan 1, 2022 | Sbi Acquisition Sub I, LLC | Stupp BROS., Inc. |
| Jan 1, 2022 | Teton Financial Services, Inc. | First Western Financial, Inc. |
| Jan 1, 2022 | Reliant Bancorp, Inc. | United Community Banks, Inc. |
| Jan 1, 2022 | E*trade Savings Bank | Morgan Stanley Private Bank, N.A. |
| Jan 1, 2022 | Reliant Bank | United Community Bank |
| Jan 1, 2022 | Country Club Trust Company, N.A. | Country Club Bank |
| Jan 1, 2022 | Western Equipment Finance, Inc. | Western State Bank |
| Jan 1, 2022 | The University National Bank of Lawrence | Great American Bank |
| Jan 1, 2022 | Bryn Mawr Bank Corporation | WSFS Financial Corporation |
| Jan 1, 2022 | Citizens Union Bancorp of Shelbyville, Inc. | German American 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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