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 |
|---|---|---|
| Jul 1, 2023 | Ctecu | Chevron Federal Credit Union |
| Jul 1, 2023 | The First National Bank of South Miami | United Community Bank |
| Jul 1, 2023 | Selh Federal Credit Union | St. Tammany Federal Credit Union |
| Jul 1, 2023 | Community Bank of the Chesapeake | Shore United Bank, N.A. |
| Jul 1, 2023 | Western Connecticut Federal Credit Union | Albright Credit Union |
| Jul 1, 2023 | Miles City Federal Credit Union | Valley Financial Credit Union |
| Jul 1, 2023 | First Federal Savings and Loan Association | Bankokolona |
| Jul 1, 2023 | TC Teachers Federal Credit Union | Gulf Shore Federal Credit Union |
| Jul 1, 2023 | First United Credit Union | North Central Area Credit Union |
| Jul 1, 2023 | Pentucket Bancorp, Inc. | River Run Bancorp, Inc. |
| Jul 1, 2023 | Pentucket Bank Holdings, MHC | River Run Bancorp, MHC |
| Jul 1, 2023 | Settlers Bank | Wings Financial Credit Union |
| Jul 1, 2023 | Inland Bancorp, Inc. | Byline Bancorp, Inc. |
| Jul 1, 2023 | The Community Financial Corporation | Shore Bancshares, Inc. |
| Jul 1, 2023 | First Miami Bancorp, Inc. | United Community Banks, Inc. |
| Jul 1, 2023 | North Main Credit Union | Georgia United Credit Union |
| Jul 1, 2023 | Eme Credit Union | People First Federal Credit Union |
| Jul 1, 2023 | Vermont Va Federal Credit Union | 802 Credit Union |
| Jul 1, 2023 | Dowell Federal Credit Union | Diamond Federal Credit Union |
| Jul 1, 2023 | Nebraska Rural Electric Association Credit Union | Nebraska Energy Federal Credit Union |
| Jul 1, 2023 | Inland Bank and Trust | Byline Bank |
| Jul 1, 2023 | Health Center Credit Union | Georgia's Own Credit Union |
| Jul 1, 2023 | MY Healthcare Federal Credit Union | Ficare Federal Credit Union |
| Jul 1, 2023 | Winchester Federal Credit Union | Members Plus Credit Union |
| Jul 1, 2023 | Harrison District No 2 Federal Credit Union | Air Academy Federal Credit Union |
| Jun 30, 2023 | Local 461 Federal Credit Union | Brosnan Yard Federal Credit Union |
| Jun 24, 2023 | Catlin Bank | The Fisher National Bank |
| Jun 17, 2023 | Huntingdon Valley Bank | First Citizens Community Bank |
| Jun 17, 2023 | HV Bancorp, Inc | Citizens Financial Services, Inc. |
| Jun 13, 2023 | Credit Suisse Group Ag | UBS Group Ag |
| Jun 12, 2023 | Northwest Community Credit Union | Peak Credit Union |
| Jun 10, 2023 | Marine Bancorp, Inc. | Hometown Community Bancorp, Inc. |
| Jun 10, 2023 | Marine Bank | Morton Community Bank |
| Jun 10, 2023 | The Gorham State Bank | The Bank |
| Jun 3, 2023 | Granite Mountain Bank Inc dba Granite Mountain Bank | Citizens Alliance Bank |
| Jun 3, 2023 | Security State Bank | Citizens State Bank |
| Jun 1, 2023 | Self Reliance Baltimore Federal Credit Union | Ukrainian Selfreliance Federal Credit Union |
| Jun 1, 2023 | Western Bank of Clovis | Western Commerce Bank |
| Jun 1, 2023 | J D M H Federal Credit Union | Elliott Community Federal Credit Union |
| Jun 1, 2023 | RTN Federal Credit Union | Brightbridge Credit Union |
| Jun 1, 2023 | Freedom First Credit Union | Bridge Credit Union Inc. |
| Jun 1, 2023 | Bank of Chestnut | Longview Community Bank |
| Jun 1, 2023 | Community United Credit Union | Pse Credit Union, Inc. |
| Jun 1, 2023 | Greater Salem Employees Federal Credit Union | St. Jean's Credit Union |
| Jun 1, 2023 | Western Bancshares of Clovis, Inc. | Western Commerce Bancshares of Carlsbad, Inc. |
| May 27, 2023 | MUFG Union Bank, National Association | U.S. Bank N.A. |
| May 20, 2023 | First Bank & Trust | HTLF Bank |
| May 20, 2023 | Noah Bank | The Bank of Princeton |
| May 20, 2023 | Brunswick Bancorp | Mid Penn Bancorp, Inc. |
| May 20, 2023 | Brunswick Bank and Trust Company | Mid Penn Bank |
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 · 2023 bank events · browse by acquirer · bank failures · all events