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 |
|---|---|---|
| Oct 1, 2022 | CommunityBank of Texas, N.A. | Stellar Bank |
| Oct 1, 2022 | Goodyear Employees Credit Union, Inc. | Towpath Credit Union |
| Oct 1, 2022 | Uaw Mo-Kan Federal Credit Union | MainStreet Federal Credit Union |
| Oct 1, 2022 | Pakco Employees Federal Credit Union | Lesco Employees Federal Credit Union |
| Oct 1, 2022 | Hulman Field Technicians Federal Credit Union | Crane Credit Union |
| Oct 1, 2022 | Barstow Railway Employees Credit Union | Frontwave Credit Union |
| Oct 1, 2022 | Peabody Municipal Federal Credit Union | Energy Credit Union |
| Oct 1, 2022 | Western Illinois Credit Union | Credit Union 1 |
| Oct 1, 2022 | Lake Community Federal Credit Union | Buckeye State Credit Union, Inc. |
| Oct 1, 2022 | Citizens First State Bank of Walnut | Community State Bank |
| Oct 1, 2022 | Quad Cities Postal Credit Union | Gas and Electric Credit Union |
| Oct 1, 2022 | Pine Tree Community Credit Union | Cottonwood Community Federal Credit Union |
| Oct 1, 2022 | California Bear Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Oct 1, 2022 | Financial One Credit Union | Magnifi Financial Credit Union |
| Oct 1, 2022 | East Allen Federal Credit Union | Profed Federal Credit Union |
| Oct 1, 2022 | Allus Credit Union | Pentagon Federal Credit Union |
| Oct 1, 2022 | City Trust Federal Credit Union | Fire Police City County Federal Credit Union |
| Oct 1, 2022 | Peoples Federal Savings and Loan Association | The Farmers & Merchants State Bank |
| Oct 1, 2022 | Bayer Credit Union | Communityamerica Federal Credit Union |
| Oct 1, 2022 | The Corder Bank | Community Bank of Marshall |
| Oct 1, 2022 | (unnamed) | Cornerstone Capital Bank, SSB |
| Sep 24, 2022 | Community Banks of Shelby County | United Fidelity Bank, FSB |
| Sep 24, 2022 | Quarry City Savings and Loan Association | Community National Bank & Trust |
| Sep 17, 2022 | Minnesota Bank & Trust | HTLF Bank |
| Sep 17, 2022 | Citizens Bank of Cape Vincent | Gouverneur Savings and Loan Association |
| Sep 17, 2022 | Metro Phoenix Bank | Alerus Financial, N.A. |
| Sep 17, 2022 | Pine Island Bank | Frandsen Bank & Trust |
| Sep 16, 2022 | Community State Bank Corporation | DLP Bancshares, Inc. |
| Sep 10, 2022 | Peoples Savings Bank | White State Bank |
| Sep 10, 2022 | Ramsey National Bank | First United Bank |
| Sep 6, 2022 | Standard Bank | Dollar Bank, Federal Savings Bank |
| Sep 1, 2022 | P N G Northern Federal Credit Union | Omega Federal Credit Union |
| Sep 1, 2022 | Community Bancorporation | National Bank Holdings Corporation |
| Sep 1, 2022 | Rock Canyon Bank | NBH Bank |
| Sep 1, 2022 | Iupat D.C. 21 Federal Credit Union | Philadelphia Federal Credit Union |
| Sep 1, 2022 | Countryside Federal Credit Union | Northern Credit Union |
| Sep 1, 2022 | San Tan Credit Union | First Credit Union |
| Sep 1, 2022 | Community Regional Credit Union | Choice One Community Federal Credit Union |
| Sep 1, 2022 | Lynn Municipal Employees Credit Union | St. Jean's Credit Union |
| Sep 1, 2022 | Prairieland Federal Credit Union | University of Illinois Community Credit Union |
| Aug 31, 2022 | Security Plus Federal Credit Union | Service One Credit Union, Inc. |
| Aug 31, 2022 | Norwesco Credit Union | Golden Plains Credit Union |
| Aug 27, 2022 | Charter Bank | Nicolet National Bank |
| Aug 27, 2022 | Charter Bankshares, Inc. | Nicolet Bankshares, Inc. |
| Aug 20, 2022 | First Bank | Builtwell Bank |
| Aug 13, 2022 | Denmark State Bank | Bank First, N.A. |
| Aug 13, 2022 | Premier Valley Bank | HTLF Bank |
| Aug 13, 2022 | Liberty Bancorp | DMG Bancshares, Inc. |
| Aug 13, 2022 | Denmark Bancshares, Inc. | Bank First Corporation |
| Aug 13, 2022 | Liberty Bank | Liberty Bank N.A. |
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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