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 |
|---|---|---|
| Jul 1, 2022 | Allegheny Metal Federal Credit Union | Century Heritage Federal Credit Union |
| Jul 1, 2022 | North East Texas Credit Union | East Texas Professional Credit Union |
| Jul 1, 2022 | Wilmac Employees Credit Union | Belco Community Credit Union |
| Jul 1, 2022 | Wyochem Federal Credit Union | WYHY Federal Credit Union |
| Jul 1, 2022 | Holyoke Postal Credit Union | Holyoke Credit Union |
| Jul 1, 2022 | Teachers Alliance Federal Credit Union | Telco Plus Credit Union |
| Jul 1, 2022 | Cleveland Heights Teachers Credit Union, Inc. | Buckeye State Credit Union, Inc. |
| Jul 1, 2022 | Universal Credit Union | Skyward Credit Union |
| Jul 1, 2022 | The Bank of Carbondale | First Southern Bank |
| Jul 1, 2022 | Moore West Federal Credit Union | Uncle Credit Union |
| Jul 1, 2022 | West Jefferson Federal Credit Union | New Orleans Firemens Federal Credit Union |
| Jun 30, 2022 | Msba Employees Federal Credit Union | Consumers Federal Credit Union |
| Jun 27, 2022 | Headwaters Bancorp, Inc. | Lake Shore III Corporation |
| Jun 18, 2022 | Glasford State Bank | Better Banks |
| Jun 18, 2022 | Tempo Bank | Scott Credit Union |
| Jun 18, 2022 | United Bank of El Paso del Norte | First American Bank |
| Jun 18, 2022 | Southwest United Bancshares, Inc. | First Artesia Bancshares, Inc. |
| Jun 11, 2022 | Jefferson Bank and Trust Company | First Mid Bank & Trust, N.A. |
| Jun 11, 2022 | Red Level Financial Corporation | Local Bancorp, Inc. |
| Jun 11, 2022 | VisionBank | Community National Bank |
| Jun 9, 2022 | First National Bank in Fairfield | MidWestOne Bank |
| Jun 9, 2022 | Iowa First Bancshares Corp. | Midwestone Financial Group, Inc. |
| Jun 9, 2022 | First National Bank of Muscatine | MidWestOne Bank |
| Jun 2, 2022 | Pinnacle Credit Enhancement Holdings, Inc. | Pinnacle Financial Partners, Inc. |
| Jun 1, 2022 | Bank of Doniphan | MNB Bank |
| Jun 1, 2022 | Sourceone Credit Union | Credit Union 1 |
| Jun 1, 2022 | Unified Communities Federal Credit Union | Genisys Credit Union dba Genisys Investment Services |
| Jun 1, 2022 | Wadena Federal Credit Union | Mid Minnesota Federal Credit Union |
| Jun 1, 2022 | TriState Capital Holdings, Inc | TriState Capital Holding Company, LLC |
| Jun 1, 2022 | FCB Financial Services, Inc | Southern Bancorp, Inc |
| Jun 1, 2022 | Premier Source Credit Union | Polish National Credit Union |
| Jun 1, 2022 | South San Francisco City Employees Federal Credit Union | Financial Partners Credit Union |
| Jun 1, 2022 | Wawa Employees Credit Union | Franklin Mint Federal Credit Union |
| Jun 1, 2022 | Farmers Credit Union | Heartland Credit Union |
| May 28, 2022 | Citizens State Bank of Tyler, Incorporated | First Independent Bank |
| May 21, 2022 | OmniBank | Merchants and Planters Bank |
| May 19, 2022 | Bankers Capital Corporation | Banner County Ban Corporation |
| May 16, 2022 | The American Bank | Blue SKY Bank |
| May 14, 2022 | Manson State Bank | Security Savings Bank |
| May 14, 2022 | Elmira Savings Bank | Community Bank, N.A. |
| May 2, 2022 | Rsi Bancorp, Inc. | Columbia Financial, Inc. |
| May 2, 2022 | Rsi Bancorp, MHC | Columbia Financial, Inc. |
| May 2, 2022 | Des Moines Water Works Credit Union | Des Moines Metro Credit Union |
| May 2, 2022 | Rsi Bank | Columbia Bank |
| May 2, 2022 | St. Pauls Federal Credit Union | American Heritage Federal Credit Union |
| May 1, 2022 | People's Trust Federal Credit Union | First Service Credit Union |
| May 1, 2022 | PNC Equipment Finance, LLC | PNC Bank, N.A. |
| May 1, 2022 | The Leaders Bank | Providence Bank & Trust |
| May 1, 2022 | Brazosport Teachers Federal Credit Union | Space City Credit Union |
| May 1, 2022 | Core Credit Union | Beginnings 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.
Explore: all mergers · 2022 bank events · browse by acquirer · bank failures · all events