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 |
|---|---|---|
| Dec 31, 2022 | Sweetwater Federal Credit Union | WYHY Federal Credit Union |
| Dec 31, 2022 | Heritage USA Title, LLC | First Financial Corporation |
| Dec 31, 2022 | Bakers Federal Credit Union | Heartland Area Federal Credit Union |
| Dec 31, 2022 | Emory Alliance Credit Union | Credit Union 1 |
| Dec 31, 2022 | State Bank of Wapello | Mediapolis Savings Bank |
| Dec 31, 2022 | Shiloh Baptist Federal Credit Union | Gideon Federal Credit Union |
| Dec 20, 2022 | Norwich Telops Federal Credit Union | GHS Federal Credit Union |
| Dec 19, 2022 | Xup Payments, Inc. | KeyBank N.A. |
| Dec 17, 2022 | Providence Bancshares Corporation | Great Plains Bancshares, Inc. |
| Dec 17, 2022 | Providence Bank of Texas, SSB | Great Plains National Bank |
| Dec 14, 2022 | First National Bancshares of Weatherford, Inc. | N.B.C. Bancshares in Pawhuska, Inc. |
| Dec 11, 2022 | Maine Harvest Federal Credit Union | Ancorum Credit Union |
| Dec 10, 2022 | Walker State Bank | Hiawatha Bank & Trust Company |
| Dec 10, 2022 | Ub Bancorp | F.N.B. Corporation |
| Dec 10, 2022 | Union Bank | First National Bank of Pennsylvania |
| Dec 5, 2022 | Dixie Craft Employees Credit Union | Heritage South Credit Union |
| Dec 3, 2022 | Illinois Bank & Trust | HTLF Bank |
| Dec 3, 2022 | Foxboro Federal Savings | Onelocal Bank |
| Dec 1, 2022 | Merritt Federal Credit Union | Sound Federal Credit Union |
| Dec 1, 2022 | Flagstar Bancorp, Inc. | Flagstar Financial, Inc. |
| Dec 1, 2022 | Village Bancshares, Inc | First Waterloo Bancshares, Inc. |
| Dec 1, 2022 | Liberty Bancshares, Inc. | Middlefield Banc Corp |
| Dec 1, 2022 | Crockett National Bank | Pinnacle Bank |
| Dec 1, 2022 | Farmers and Merchants Bank | First State Bank |
| Dec 1, 2022 | Tallahassee-Leon Federal Credit Union | Loyalty Credit Union |
| Dec 1, 2022 | Engineers Federal Credit Union | Telcoe Federal Credit Union |
| Dec 1, 2022 | Abbeville Community Federal Credit Union | Peach State Federal Credit Union |
| Dec 1, 2022 | 1st Resource Credit Union | Legacy Community Federal Credit Union |
| Dec 1, 2022 | (unnamed) | Flagstar Bank, N.A. |
| Dec 1, 2022 | Liberty National Bank | The Middlefield Banking Company |
| Dec 1, 2022 | Pickens Federal Credit Union | Peach State Federal Credit Union |
| Dec 1, 2022 | Las Vegas U.P. Employees Federal Credit Union | WestStar Credit Union |
| Dec 1, 2022 | Atlantic County New Jersey Employees Federal Credit Union | Jersey Shore Federal Credit Union |
| Nov 30, 2022 | Letcher County Teachers Credit Union, Inc. | Members Choice Credit Union |
| Nov 30, 2022 | FFC Management, Inc | Fulton Financial Corporation |
| Nov 28, 2022 | TBC Federal Credit Union | Peoples Advantage Federal Credit Union |
| Nov 23, 2022 | Farmers & Stockmens Bank | CrossFirst Bank |
| Nov 10, 2022 | Lake Area Bank | First Resource Bank |
| Nov 5, 2022 | The Central National Bank of Poteau | The First National Bank of Fort Smith |
| Nov 5, 2022 | Prudential Bank | Fulton Bank, N.A. |
| Nov 5, 2022 | Utah Prison Employees Credit Union | P & S Credit Union |
| Nov 2, 2022 | Saint Dominics Federal Credit Union | Somerset Federal Credit Union |
| Nov 1, 2022 | Vinings Bank | Georgia's Own Credit Union |
| Nov 1, 2022 | Central Oklahoma Federal Credit Union | True SKY Federal Credit Union |
| Nov 1, 2022 | Carnegie Mellon University Federal Credit Union | Greater Pittsburgh Federal Credit Union |
| Nov 1, 2022 | Tri-Town Teachers Federal Credit Union | Sound Federal Credit Union |
| Nov 1, 2022 | Pa Healthcare Credit Union | Clearview Federal Credit Union |
| Nov 1, 2022 | Legacy Bank | Visionbank of Iowa |
| Nov 1, 2022 | Odjfs Federal Credit Union | Pathways Financial Credit Union, Inc. |
| Nov 1, 2022 | Lake Erie Community Federal Credit Union | Widget Federal 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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