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 |
|---|---|---|
| Aug 2, 2022 | Amerant Florida Bancorp Inc | Amerant Bancorp Inc. |
| Aug 1, 2022 | Lead Financial Group, Inc. | Luna Parent, Inc. |
| Aug 1, 2022 | Beach Bancorp, Inc. | The First Bancshares, Inc. |
| Aug 1, 2022 | BT Holdings, Inc. | Origin Bancorp, Inc. |
| Aug 1, 2022 | Patriot Community Bank | East Cambridge Savings Bank |
| Aug 1, 2022 | Beach Bank | The First Bank |
| Aug 1, 2022 | I M E C O Federal Credit Union | Policemen's Federal Credit Union |
| Aug 1, 2022 | Global Credit Union | Global Federal Credit Union |
| Aug 1, 2022 | Embark Federal Credit Union | Horizon Credit Union |
| Aug 1, 2022 | Corry Area Schools Federal Credit Union | Tri State Rail Federal Credit Union |
| Aug 1, 2022 | Coventry Teachers Federal Credit Union | Navigant Credit Union |
| Aug 1, 2022 | Josten Employees Credit Union | Home Town Federal Credit Union |
| Aug 1, 2022 | New London Municipal Employees Credit Union | Scient Federal Credit Union |
| Aug 1, 2022 | Local 41 Sheet Metal Workers Federal Credit Union | Hoosier United Credit Union |
| Aug 1, 2022 | Capital Communications Federal Credit Union | Broadview Federal Credit Union |
| Aug 1, 2022 | St. Francis Federal Credit Union | Caro Federal Credit Union |
| Aug 1, 2022 | Harbor Beach Community Federal Credit Union | Flagship Community Federal Credit Union |
| Aug 1, 2022 | Citizens State Bank | Avadian Credit Union |
| Aug 1, 2022 | Wanigas Credit Union | Financial Plus Credit Union |
| Aug 1, 2022 | Champaign County Schools Employees Credit Union | Illinois Educators Credit Union |
| Aug 1, 2022 | A New Direction Credit Union | Resource One Credit Union |
| Jul 30, 2022 | Midwest Community Bank | Greenstate Credit Union |
| Jul 23, 2022 | Maple Bank | Granite Bank |
| Jul 23, 2022 | Maple Financial Holding Company | First Bancshares, Inc., of Cold Spring |
| Jul 14, 2022 | Piscataway Township Employees Federal Credit Union | Affinity Federal Credit Union |
| Jul 8, 2022 | Chesapeake Bank of Maryland | Rosedale Bank |
| Jul 6, 2022 | Black Knight Air, Inc. | First State Bancshares, Inc. |
| Jul 2, 2022 | Rice Bancshares, Inc. | Harmony Bancshares, Inc. |
| Jul 2, 2022 | The First State Bank | Harmony Bank, National Association |
| Jul 1, 2022 | Comunibanc Corp. | Civista Bancshares, Inc |
| Jul 1, 2022 | Sandhills Holding Company, Inc. | Citizens Bancshares Corporation |
| Jul 1, 2022 | S.M.S.D. Federal Credit Union | Financial Trust Federal Credit Union |
| Jul 1, 2022 | Menlo Survey Federal Credit Union | S R I Federal Credit Union |
| Jul 1, 2022 | Memberfocus Community Credit Union | Loc Credit Union |
| Jul 1, 2022 | Lincoln 1st Bank | ION Bank |
| Jul 1, 2022 | The Henry County Bank | Civista Bank |
| Jul 1, 2022 | Rochester Polish Federal Credit Union | Ever $ Green Federal Credit Union |
| Jul 1, 2022 | Sandhills Bank | The Citizens Bank |
| Jul 1, 2022 | Sherchem Federal Credit Union | Lakeview Federal Credit Union |
| Jul 1, 2022 | Wit Federal Credit Union | Ever $ Green Federal Credit Union |
| Jul 1, 2022 | United 1st Credit Union | Georgia's Own Credit Union |
| Jul 1, 2022 | MPB BHC, Inc. | Alerus Financial Corporation |
| Jul 1, 2022 | Access Bancorp, Inc. | Texas State Bankshares, Inc. |
| Jul 1, 2022 | Lincoln Park Bancorp | ION Financial, MHC, Inc. |
| Jul 1, 2022 | Lincoln Park Bancorp, MHC | ION Financial, MHC, Inc. |
| Jul 1, 2022 | AccessBank Texas | Texas Regional Bank |
| Jul 1, 2022 | Department Stores National Bank | Citibank, N.A. |
| Jul 1, 2022 | Prudential Bancorp, Inc. | Fulton Financial Corporation |
| Jul 1, 2022 | F C I Federal Credit Union | Foothills Credit Union |
| Jul 1, 2022 | P.A.C.E Kenner Federal Credit Union | Xplore 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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