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 |
|---|---|---|
| Nov 1, 2023 | Cincinnati Federal | LCNB National Bank |
| Oct 24, 2023 | Port Washington Teachers Federal Credit Union | Port Washington Federal Credit Union |
| Oct 21, 2023 | McLaughlin Holding Company | Central Bancshares, Inc. |
| Oct 21, 2023 | SENB Bank | CBI Bank & Trust |
| Oct 16, 2023 | Northwestern Bank | The Security National Bank of Sioux City, Iowa |
| Oct 10, 2023 | Dubuque Bank and Trust Company | HTLF Bank |
| Oct 7, 2023 | United Community Bank of North Dakota | Bravera Bank |
| Oct 7, 2023 | Dakota Prairie Bank | First Fidelity Bank |
| Oct 6, 2023 | Bluestem Credit Union | Ark Valley Credit Union |
| Oct 2, 2023 | Sumner Financial Corporation | Edmonton Bancshares, Inc. |
| Oct 2, 2023 | Sumner Bank & Trust | Edmonton State Bank |
| Oct 2, 2023 | First American Bancshares, Inc. | Guaranty Capital Corporation |
| Oct 2, 2023 | Progressive Federal Credit Union | Azalea City Credit Union |
| Oct 2, 2023 | First American National Bank | Guaranty Bank and Trust Company |
| Oct 2, 2023 | McKesson Federal Credit Union | Sikorsky Financial Credit Union, Inc. |
| Oct 2, 2023 | Forbes Field Credit Union | Frontier Community Credit Union |
| Oct 1, 2023 | Kilgore Shell Employees Federal Credit Union | Telco Plus Credit Union |
| Oct 1, 2023 | St. Louis Firefighters and Community Credit Union | Alliance Credit Union |
| Oct 1, 2023 | Digital Payments Torana, Inc | The Huntington National Bank |
| Oct 1, 2023 | Provide, Inc | Fifth Third Bank, N.A. |
| Oct 1, 2023 | Northeast Missouri Bancshares, Inc. | HNB Bancorp, Inc. |
| Oct 1, 2023 | Plus International Bank | Emigrant Bank |
| Oct 1, 2023 | Greater Community Bank | Lge Community Credit Union |
| Oct 1, 2023 | Delta North Bankcorp, Inc. | Safra New York Corporation |
| Oct 1, 2023 | Waycose Federal Credit Union | Metro Community Federal Credit Union |
| Oct 1, 2023 | The Mercantile Bank of Louisiana, Missouri | HNB National Bank |
| Oct 1, 2023 | Akron Fire Police Credit Union, Inc. | National Police Federal Credit Union |
| Oct 1, 2023 | Edge Federal Credit Union | Sidney Federal Credit Union |
| Oct 1, 2023 | Partners Financial Federal Credit Union | Argent Federal Credit Union |
| Oct 1, 2023 | Postal Government Employees Federal Credit Union | Navigant Credit Union |
| Oct 1, 2023 | Morrison Employees Credit Union | Holy Ghost Parish Credit Union |
| Oct 1, 2023 | Routt Schools Federal Credit Union | Air Academy Federal Credit Union |
| Oct 1, 2023 | Link Federal Credit Union | Harvester Financial Credit Union |
| Oct 1, 2023 | McIntosh Chemical Federal Credit Union | Alabama One Credit Union |
| Oct 1, 2023 | Delta National Bank and Trust Company | Safra National Bank of New York |
| Sep 27, 2023 | The Gary State Bank | Ultima Bank Minnesota |
| Sep 23, 2023 | Englewood Bank & Trust | Crews Bank & Trust |
| Sep 23, 2023 | Crews Bank & Trust | Crews Bank & Trust |
| Sep 23, 2023 | Charlotte State Bank & Trust | Crews Bank & Trust |
| Sep 20, 2023 | Regal Bancorp, Inc. | Sr Bancorp, Inc. |
| Sep 20, 2023 | Regal Bank | Somerset Regal Bank |
| Sep 16, 2023 | Old Mission Bank | 4Front Credit Union |
| Sep 16, 2023 | Cornerstone Community Bank | Horicon Bank |
| Sep 12, 2023 | Petersburg Federal Reformatory Credit Union, Incorporated | Vantage Point Federal Credit Union |
| Sep 1, 2023 | Newspaper Employees Credit Union | Hudson River Community Credit Union |
| Sep 1, 2023 | St. Mary's & Affiliates Credit Union | Heartland Credit Union |
| Sep 1, 2023 | Farmers State Bank | One Community Bank |
| Sep 1, 2023 | Branch 6000 Nalc Credit Union | Consumers Federal Credit Union |
| Sep 1, 2023 | Farmington State Bank | Bank of Eastern Oregon |
| Sep 1, 2023 | Valley Board Federal Credit Union | Bayer Heritage 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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