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 |
|---|---|---|
| May 1, 2022 | Consumer 1st Federal Credit Union | Century Heritage Federal Credit Union |
| May 1, 2022 | Bashas' Associates Federal Credit Union | First Credit Union |
| May 1, 2022 | Plain Dealer Federal Credit Union, Inc. | Credit Union of Ohio |
| May 1, 2022 | Struthers Federal Credit Union | Bridge Credit Union Inc. |
| May 1, 2022 | Valley Catholic Federal Credit Union | Hartford Federal Credit Union |
| May 1, 2022 | New Horizon Credit Union | University of Illinois Community Credit Union |
| May 1, 2022 | Home Savings Bank | Dupaco Community Credit Union |
| May 1, 2022 | Texaco Credit Union of Houma | Pelican Credit Union |
| Apr 30, 2022 | Schneider Community Credit Union | Fox Communities Credit Union |
| Apr 30, 2022 | Bar Harbor Trust Services | Bar Harbor Wealth Management |
| Apr 30, 2022 | First Community Bancorp, Inc. | Eagle Bancorp Montana, Inc. |
| Apr 30, 2022 | First Community Bank | Opportunity Bank of Montana |
| Apr 30, 2022 | Legacy Bank | Inbank |
| Apr 30, 2022 | Hopkins County Teachers Federal Credit Union{ | Owensboro Federal Credit Union |
| Apr 30, 2022 | G.H.S. Federal Credit Union | South Carolina Federal Credit Union |
| Apr 23, 2022 | Dixon Bank | United Community Bank of West Kentucky, Inc. |
| Apr 18, 2022 | Hillsboro State Bank | Vintage Bank Kansas |
| Apr 14, 2022 | Citizens Bank of Florida | Fairwinds Credit Union |
| Apr 9, 2022 | Spirit of Texas Bancshares, Inc. | Simmons First National Corporation |
| Apr 9, 2022 | Spirit of Texas Bank, SSB | Simmons Bank |
| Apr 8, 2022 | Albany Bancshares Nevada Financial Corporation | Albany Bancshares, Inc. |
| Apr 7, 2022 | Investors Bancorp, Inc. | Citizens Financial Group, Inc. |
| Apr 7, 2022 | Investors Bank | Citizens Bank, N.A. |
| Apr 4, 2022 | McNairy Employees Credit Union | Employee Resources Credit Union |
| Apr 2, 2022 | Guaranty Bank | Guaranty Bank |
| Apr 2, 2022 | State Bank of Cerro Gordo | State Bank of Bement |
| Apr 2, 2022 | People's United Financial, Inc. | M&T Bank Corporation |
| Apr 2, 2022 | People's United Bank, National Association | Manufacturers and Traders Trust Company |
| Apr 2, 2022 | Baker Federal Credit Union | First Commonwealth Federal Credit Union |
| Apr 1, 2022 | Level One Bank | First Merchants Bank |
| Apr 1, 2022 | Pioneer Bancshares, Inc. | Firstsun Capital Bancorp |
| Apr 1, 2022 | Level One Bancorp, Inc. | First Merchants Corporation |
| Apr 1, 2022 | Hbi Employees Credit Union | Blaze Credit Union |
| Apr 1, 2022 | Adm Credit Union | United Equity Credit Union |
| Apr 1, 2022 | Northern United Federal Credit Union | U.P. State Credit Union |
| Apr 1, 2022 | Certain-Teed Waco Federal Credit Union | Members Choice of Central Texas Federal Credit Union |
| Apr 1, 2022 | Northern Energy Federal Credit Union | Minnesota Valley Federal Credit Union |
| Apr 1, 2022 | Delco Postal Cu | Forge Federal Credit Union |
| Apr 1, 2022 | Flag Credit Union | Hello Credit Union |
| Apr 1, 2022 | Happy State Bank | Centennial Bank |
| Apr 1, 2022 | White Earth Reservation Federal Credit Union | Affinity Plus Federal Credit Union |
| Apr 1, 2022 | McNeese Federal Credit Union | Calcasieu Teachers & Employees Credit Union |
| Apr 1, 2022 | Life Federal Credit Union | Fortera Federal Credit Union |
| Apr 1, 2022 | Members United Credit Union | The Bridgeway Federal Credit Union |
| Apr 1, 2022 | Bank Leumi USA | Valley National Bank |
| Apr 1, 2022 | Bank of the South | The Warrington Bank |
| Apr 1, 2022 | Revere Municipal Employees Federal Credit Union | St. Jean's Credit Union |
| Apr 1, 2022 | Pioneer Bank, SSB | Sunflower Bank, N.A. |
| Apr 1, 2022 | Webster Capital Finance, Inc | Webster Bank, N.A. |
| Apr 1, 2022 | Webster Business Credit Corporation | Webster 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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