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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.

120
Banks acquired
10 bought by a credit union
157
Credit unions merged
NIC, credit unions as the acquired side
65
Holding companies
Bank holding companies merged
363
All merger records
2023 in US banking ›

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 State Assets Acquirer
May 27, 2023 MUFG Union Bank, National Association CA $99.96B U.S. Bank N.A.
Feb 2, 2023 Bank of the West CA $91.58B BMO Bank N.A.
Mar 1, 2023 Columbia State Bank WA $20.26B Columbia Bank
Dec 1, 2023 Banc of California, National Association CA $9.24B Banc of California
May 20, 2023 First Bank & Trust TX $2.95B HTLF Bank
Aug 21, 2023 New Mexico Bank & Trust NM $2.59B HTLF Bank
Feb 1, 2023 Professional Bank FL $2.59B Seacoast National Bank
Jul 1, 2023 Community Bank of the Chesapeake MD $2.46B Shore United Bank, N.A.
May 1, 2023 FirstCapital Bank of Texas, National Association TX $2.14B Prosperity Bank
Oct 10, 2023 Dubuque Bank and Trust Company IA $1.88B HTLF Bank
Jan 3, 2023 Progress Bank and Trust AL $1.76B United Community Bank
Jan 1, 2023 Heritage Southeast Bank GA $1.58B The First Bank
Aug 12, 2023 Salisbury Bank and Trust Company CT $1.56B NBT Bank, N.A.
May 1, 2023 Limestone Bank, Inc. KY $1.49B Peoples Bank
Dec 2, 2023 Blackhawk Bank WI $1.47B First Mid Bank & Trust, N.A.

Biggest bank failures by assets ›

Credit union mergers in 2023

157 credit unions merged into another institution. NCUA 5300 asset figures are not loaded for 2023.

Effective Merged credit union State Surviving institution
Jul 1, 2023 First United Credit Union MI North Central Area Credit Union
Jul 1, 2023 Health Center Credit Union GA Georgia's Own Credit Union
Jul 1, 2023 Winchester Federal Credit Union MA Members Plus Credit Union
Jun 30, 2023 Local 461 Federal Credit Union GA Brosnan Yard Federal Credit Union
Jun 12, 2023 Northwest Community Credit Union OR Peak Credit Union
Jun 1, 2023 RTN Federal Credit Union MA Brightbridge Credit Union
Jun 1, 2023 Freedom First Credit Union OH Bridge Credit Union Inc.
Jun 1, 2023 J D M H Federal Credit Union PA Elliott Community Federal Credit Union
Jun 1, 2023 Greater Salem Employees Federal Credit Union MA St. Jean's Credit Union
Jun 1, 2023 Self Reliance Baltimore Federal Credit Union MD Ukrainian Selfreliance Federal Credit Union
Jun 1, 2023 Community United Credit Union OH Pse Credit Union, Inc.
May 1, 2023 Novamont Employees Federal Credit Union WV First Priority Federal Credit Union
May 1, 2023 Independence Federal Credit Union MO United Consumers Credit Union
May 1, 2023 I C S Federal Credit Union NY Good Neighbors Federal Credit Union
May 1, 2023 Sequoia Federal Credit Union CA Premierone Credit Union
May 1, 2023 Troy Area School Employees Federal Credit Union PA First Heritage Federal Credit Union
May 1, 2023 Davenport Police Department Credit Union IA The Family Credit Union
May 1, 2023 Vermillion Federal Credit Union SD Voyage Federal Credit Union
May 1, 2023 Girard Credit Union, Inc. OH Associated School Employees Credit Union, Inc.
May 1, 2023 St. Gabriels Federal Credit Union DC WSSC Federal Credit Union
May 1, 2023 Kemba Peoria Credit Union IL Gale Credit Union
Apr 30, 2023 Dillonvale Federal Credit Union OH Ohio Valley Community Federal Credit Union
Apr 29, 2023 Bridgeport City Employees Federal Credit Union CT Sikorsky Financial Credit Union, Inc.
Apr 1, 2023 Stamford Postal Employees Federal Credit Union CT America's First Network Credit Union
Apr 1, 2023 Muncie Post Office Credit Union IN Financial Center First Credit Union

Credit union directory ›

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 State Acquirer
Feb 1, 2023 Marathon Republic Federal Credit Union TX Gulf Shore Federal Credit Union
Feb 1, 2023 Klamath Public Employees Federal Credit Union OR Sage Federal Credit Union
Feb 1, 2023 Alps Federal Credit Union AK Tongass Federal Credit Union
Feb 1, 2023 Community Trust Bank IL The Bradford National Bank of Greenville
Feb 1, 2023 Centric Bank PA First Commonwealth Bank
Feb 1, 2023 First National Bank of Benton LA Home Federal Bank
Feb 1, 2023 United Credit Union KS Heartland Credit Union
Feb 1, 2023 Borger Federal Credit Union TX Santa Fe Federal Credit Union
Jan 30, 2023 T & FS Employee Credit Union TX Openland Credit Union
Jan 26, 2023 Colorado County Investment Holdings, Inc. DE Central Texas Bankshare Holdings, Inc.
Jan 26, 2023 Hill Bancshares of Delaware, Inc. DE Central Texas Bankshare Holdings, Inc.
Jan 26, 2023 Hill Bancshare Holdings, Inc. TX Central Texas Bankshare Holdings, Inc.
Jan 21, 2023 Citizens Bancshares Co. MO Southern Missouri Bancorp, Inc.
Jan 21, 2023 First Savanna Savings Bank IL Citizens State Bank
Jan 18, 2023 Redwood Aviation Company OH Keycorp
Jan 14, 2023 Farmers Bankshares, Inc. VA TowneBank
Jan 14, 2023 Binsy Federal Credit Union TN Southern Security Federal Credit Union
Jan 14, 2023 Farmers Bank VA TowneBank
Jan 10, 2023 The Bank of Burlington CO Farmers & Merchants Bank of Colby
Jan 7, 2023 First Coast Federal Credit Union FL Vystar Credit Union
Jan 3, 2023 H&H Federal Credit Union TX Education Credit Union
Jan 3, 2023 La Monte Community Bank MO Bank of Odessa
Jan 3, 2023 Progress Financial Corporation AL United Community Banks, Inc.
Jan 3, 2023 Progress Bank and Trust AL United Community Bank
Jan 3, 2023 First Class Federal Credit Union PA Allentown Federal Credit Union
Jan 3, 2023 Commercial Bank of Oak Grove, Mo. MO Bank of Odessa
Jan 3, 2023 Rheem Arkansas Federal Credit Union AR Arkansas Federal Credit Union
Jan 2, 2023 Clarke Community Federal Credit Union AL Azalea City Credit Union
Jan 1, 2023 Exchange State Bank Corp. MI Thumb Bancorp, Inc.
Jan 1, 2023 Community Bancshares of Wisconsin, Inc. WI Sword Financial Corporation
Jan 1, 2023 Emclaire Financial Corp PA Farmers National Banc Corp.
Jan 1, 2023 Dow Jones Employees Federal Credit Union NJ Central Jersey Federal Credit Union
Jan 1, 2023 Warren Credit Union IA Veridian Credit Union
Jan 1, 2023 Parsons Federal Credit Union CA Skyla Federal Credit Union
Jan 1, 2023 Parkway Federal Credit Union MI Michigan Columbus Federal Credit Union
Jan 1, 2023 Hayward Community Credit Union WI Superior Choice Credit Union
Jan 1, 2023 First Iowa State Bank IA First Iowa State Bank
Jan 1, 2023 Missouri Valley Federal Credit Union MO West Community Credit Union
Jan 1, 2023 Mechanics Bank MS BankFirst Financial Services
Jan 1, 2023 US Weather Bureau NY Federal Credit Union NY Department of Commerce Federal Credit Union
Jan 1, 2023 River Bend Federal Credit Union IN Communitywide Federal Credit Union
Jan 1, 2023 Rivertown Community Federal Credit Union MI Ignite Credit Union
Jan 1, 2023 Heritage Southeast Bank GA The First Bank
Jan 1, 2023 Exchange State Bank MI Thumb Bank & Trust
Jan 1, 2023 Ibew Community Federal Credit Union TX Wellspring Federal Credit Union
Jan 1, 2023 The Hub-Co Co Credit Union IA Aim Credit Union
Jan 1, 2023 N.W. Iowa Credit Union IA Cent Credit Union
Jan 1, 2023 K a H Credit Union IA Aim Credit Union
Jan 1, 2023 Vermont State Employees Credit Union VT Eastrise Federal Credit Union
Jan 1, 2023 Mount Lebanon Federal Credit Union MD Securityplus Federal Credit Union

Bank mergers by year

·

Year Merger records
2026 360
2025 433
2024 314
2023 363
2022 432
2021 437
2020 437
2019 547
2018 643
2017 608
2016 655
2015 766

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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