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 |
|---|---|---|
| Apr 1, 2023 | Richmond City Employees Federal Credit Union | Kemba Credit Union, Inc. |
| Apr 1, 2023 | Northwest Louisiana Federal Credit Union | Red River Employees Federal Credit Union |
| Apr 1, 2023 | Printing Industries Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Apr 1, 2023 | Bank of Montgomery | Waterman Bank |
| Apr 1, 2023 | State Highway Credit Union | Washington State Employees Credit Union |
| Apr 1, 2023 | Pacific Transportation Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Mar 27, 2023 | Silicon Valley Bridge Bank, N.A. | First-Citizens Bank & Trust Company |
| Mar 27, 2023 | First National Bank and Trust Company of Weatherford | Blue SKY Bank |
| Mar 25, 2023 | First State Bank of Newcastle | First Northern Bank of Wyoming |
| Mar 25, 2023 | State Bank of Wheaton | FM Bank |
| Mar 23, 2023 | Farmers and Merchants Bank of Kendall | Ergo Bank |
| Mar 20, 2023 | Signature Bridge Bank, N.A. | Flagstar Bank, N.A. |
| Mar 18, 2023 | Calcite Credit Union | Alpena-Alcona Area Credit Union |
| Mar 17, 2023 | Homestreet Capital Corporation | HomeStreet Bank |
| Mar 16, 2023 | CBank | Republic Bank & Trust Company |
| Mar 11, 2023 | Citizens Commerce Bancshares, Inc. | City Holding Company |
| Mar 11, 2023 | Citizens Commerce Bank | City National Bank of West Virginia |
| Mar 1, 2023 | Ohio's First Class Credit Union | Pse Credit Union, Inc. |
| Mar 1, 2023 | Umpqua Holdings Corporation | Columbia Banking System, Inc. |
| Mar 1, 2023 | Columbia State Bank | Columbia Bank |
| Mar 1, 2023 | Northern Chautauqua Federal Credit Union | Inner Lakes Federal Credit Union |
| Mar 1, 2023 | Freudenberg-Nok Employees Credit Union | Service Federal Credit Union |
| Mar 1, 2023 | Superior Savings Credit Union | Golden Circle Credit Union, Inc. |
| Mar 1, 2023 | Marriott Employees Federal Credit Union | Usalliance Federal Credit Union |
| Mar 1, 2023 | Faith Tabernacle Baptist Federal Credit Union | Sound Federal Credit Union |
| Mar 1, 2023 | Saint Anthony of New Bedford Federal Credit Union | Southcoast Federal Credit Union |
| Feb 25, 2023 | Citizens Bank and Trust Company | Southern Bank |
| Feb 21, 2023 | Muni-Employees Credit Union | River Community Credit Union |
| Feb 18, 2023 | Premier Bank of Arkansas | Southern Bancorp Bank |
| Feb 13, 2023 | Quantum Capital Corp. | HomeTrust Bancshares, Inc. |
| Feb 13, 2023 | Quantum National Bank | HomeTrust Bank |
| Feb 13, 2023 | Monona Bank | Lake Ridge Bank |
| Feb 11, 2023 | Wisconsin Bank & Trust | HTLF Bank |
| Feb 11, 2023 | Hometown Bancorp, Ltd. | Bank First Corporation |
| Feb 11, 2023 | Hometown Bank | Bank First, N.A. |
| Feb 2, 2023 | Bank of the West | BMO Bank N.A. |
| Feb 1, 2023 | HTM Area Credit Union | Superior Credit Union Inc |
| Feb 1, 2023 | Abilene Federal Credit Union | Texas Tech Federal Credit Union |
| Feb 1, 2023 | Huntington County Federal Credit Union | Public Service Credit Union |
| Feb 1, 2023 | Bear Paw Credit Union | Altana Federal Credit Union |
| Feb 1, 2023 | Mid Delta Federal Credit Union | Delta Federal Credit Union |
| Feb 1, 2023 | Town And Country Bank | Heartland Bank and Trust Company |
| Feb 1, 2023 | U S Court House SDNY Federal Credit Union | The Finest Federal Credit Union |
| Feb 1, 2023 | Bancwest Holding Inc. | BMO Financial Corp. |
| Feb 1, 2023 | Professional Holding Corp. | Seacoast Banking Corporation of Florida |
| Feb 1, 2023 | Professional Bank | Seacoast National Bank |
| Feb 1, 2023 | Community Bancshares, Inc. | Bradford Bancorp, Inc. |
| Feb 1, 2023 | Northwest Bancshares Corporation | Home Federal Bancorp, Inc. of Louisiana |
| Feb 1, 2023 | Town and Country Financial Corporation | HBT Financial, Inc. |
| Feb 1, 2023 | Centric Financial Corporation | First Commonwealth Financial Corporation |
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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