Mergers by Year
Bank Mergers in 2023
120 banks were acquired or merged into another institution in 2023, and 157 credit unions merged, according to the Federal Reserve's National Information Center (NIC). The largest bank deal was MUFG Union Bank, National Association into U.S. Bank N.A., effective May 27, 2023; the acquired bank reported $99.96B in assets before the deal. NIC recorded 363 merger records in 2023 against 432 in 2022.
Largest bank mergers of 2023
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| May 27, 2023 | MUFG Union Bank, National Association | $99.96B | U.S. Bank N.A. |
| Feb 2, 2023 | Bank of the West | $91.58B | BMO Bank N.A. |
| Mar 1, 2023 | Columbia State Bank | $20.26B | Columbia Bank |
| Dec 1, 2023 | Banc of California, National Association | $9.24B | Banc of California |
| May 20, 2023 | First Bank & Trust | $2.95B | HTLF Bank |
| Aug 21, 2023 | New Mexico Bank & Trust | $2.59B | HTLF Bank |
| Feb 1, 2023 | Professional Bank | $2.59B | Seacoast National Bank |
| Jul 1, 2023 | Community Bank of the Chesapeake | $2.46B | Shore United Bank, N.A. |
| May 1, 2023 | FirstCapital Bank of Texas, National Association | $2.14B | Prosperity Bank |
| Oct 10, 2023 | Dubuque Bank and Trust Company | $1.88B | HTLF Bank |
| Jan 3, 2023 | Progress Bank and Trust | $1.76B | United Community Bank |
| Jan 1, 2023 | Heritage Southeast Bank | $1.58B | The First Bank |
| Aug 12, 2023 | Salisbury Bank and Trust Company | $1.56B | NBT Bank, N.A. |
| May 1, 2023 | Limestone Bank, Inc. | $1.49B | Peoples Bank |
| Dec 2, 2023 | Blackhawk Bank | $1.47B | First Mid Bank & Trust, N.A. |
Credit union mergers in 2023
157 credit unions merged into another institution. NCUA 5300 asset figures are not loaded for 2023.
Every merger recorded in 2023
363 NIC merger records in 2023 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Sep 1, 2023 | The Piqua State Bank | Bank of Commerce |
| Sep 1, 2023 | Wakefield Town Employees Federal Credit Union | Stoneham Municipal Employees Federal Credit Union |
| Sep 1, 2023 | Brewton Mill Federal Credit Union | Alabama One Credit Union |
| Sep 1, 2023 | First Century Federal Credit Union | Voyage Federal Credit Union |
| Sep 1, 2023 | Simplot Employees Credit Union | Simplot Credit Union |
| Sep 1, 2023 | Vision Financial Group | Civista Bank |
| Sep 1, 2023 | Savastate Teachers Federal Credit Union | Membersfirst Credit Union |
| Aug 31, 2023 | Yonkers Postal Employees Credit Union | Rockland Employees Federal Credit Union |
| Aug 30, 2023 | The Alden State Bank | Bank of the Plains |
| Aug 28, 2023 | Longview Bank and Trust | Longview Bank |
| Aug 21, 2023 | New Mexico Bank & Trust | HTLF Bank |
| Aug 19, 2023 | Peoples Bancshares of Pointe Coupee Parish, Inc. | Synergy Bancshares, Inc. |
| Aug 19, 2023 | Boundary Waters Bank | Highland Bank |
| Aug 19, 2023 | The Peoples Bank and Trust Company of Pointe Coupee Parish, Louisiana | Synergy Bank |
| Aug 16, 2023 | Blackhawk Bancorp, Inc. | First Mid Bancshares, Inc. |
| Aug 16, 2023 | Rockhold Bank | Buckeye State Bank |
| Aug 16, 2023 | Rockhold Bancshares, Inc. | Buckeye State Bancshares Inc |
| Aug 15, 2023 | J & M Bancshares, Inc. | WSB Financial, Inc. |
| Aug 12, 2023 | Salisbury Bancorp, Inc. | NBT Bancorp Inc. |
| Aug 12, 2023 | Nelsonville Home and Savings | The Farmers Bank and Savings Company |
| Aug 12, 2023 | Salisbury Bank and Trust Company | NBT Bank, N.A. |
| Aug 3, 2023 | Spearman Financial Corp | Spearman Bancshares, Inc. |
| Aug 3, 2023 | Lewellen National Corp. | 1905 Nekota Bankcorp, Inc. |
| Aug 1, 2023 | Federal Life Employees Credit Union | Northwest Community Credit Union |
| Aug 1, 2023 | N G P L Employees Credit Union | Midland Credit Union |
| Aug 1, 2023 | I B E W 116 Federal Credit Union | Carter Federal Credit Union |
| Aug 1, 2023 | Dividend Solar Finance LLC | Fifth Third Bank, N.A. |
| Aug 1, 2023 | Bay-Vanguard, MHC | BV Financial, Inc. |
| Aug 1, 2023 | Canyon Bancorporation, Inc. | Crossfirst Bankshares, Inc. |
| Aug 1, 2023 | Canyon Community Bank, National Association | CrossFirst Bank |
| Aug 1, 2023 | Monrovia City Employees Federal Credit Union | Foothill Federal Credit Union |
| Aug 1, 2023 | Penn Wilco Federal Credit Union | Earning Tree Federal Credit Union |
| Aug 1, 2023 | Saints Margaret & Gregory Federal Credit Union | All Saints Federal Credit Union |
| Aug 1, 2023 | Elberton Federal Savings and Loan Association | Oconee State Bank |
| Jul 31, 2023 | Midwest Community Credit Union | Siouxland Federal Credit Union |
| Jul 29, 2023 | Connections Bancshares, Inc. | Wells Bancshares, Inc. |
| Jul 22, 2023 | Colchester State Bank | Land of Lincoln Credit Union |
| Jul 21, 2023 | HSB Financial Corp. | First Financial Corporation |
| Jul 17, 2023 | The Village Bank | First National Bank of Waterloo |
| Jul 17, 2023 | Malvern Bancorp, Inc | First Bank |
| Jul 17, 2023 | Malvern Bank N.A. | First Bank |
| Jul 15, 2023 | Rocky Mountain Bank | HTLF Bank |
| Jul 15, 2023 | Craftmaster Federal Credit Union | Ingersoll-Rand Federal Credit Union |
| Jul 13, 2023 | I W U Federal Credit Union | Illinois State Credit Union |
| Jul 12, 2023 | Valley Exchange Bank | American Bank & Trust |
| Jul 8, 2023 | Gates Banking and Trust Company | Bank of Crockett |
| Jul 6, 2023 | Beulah Federal Credit Union | Consumers Federal Credit Union |
| Jul 3, 2023 | Sweeny Teachers Federal Credit Union | Gulf Coast Educators Federal Credit Union |
| Jul 1, 2023 | Saginaw County Employees Credit Union | Consumers Professional Credit Union |
| Jul 1, 2023 | First Connecticut Credit Union | Finex 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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