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 |
|---|---|---|
| May 13, 2023 | Wabash Savings Bank | The First National Bank of Allendale |
| May 12, 2023 | Texas Brand Bancshares, Inc. | Harmony Bancshares, Inc. |
| May 12, 2023 | Harmony Bank, National Association | Harmony Bank |
| May 8, 2023 | Gradfin LLC | KeyBank N.A. |
| May 6, 2023 | New Citizens State Bank - Interim Bank | Compass Bank |
| May 1, 2023 | I C S Federal Credit Union | Good Neighbors Federal Credit Union |
| May 1, 2023 | Ibp2, LLC | Peoples Bancorp Inc. |
| May 1, 2023 | Ibp1, LLC | Peoples Bancorp Inc. |
| May 1, 2023 | Pbib Corporation, Inc. | Peoples Bancorp Inc. |
| May 1, 2023 | Pbi Title Services, LLC | Peoples Bancorp Inc. |
| May 1, 2023 | First Bancshares of Texas, Inc. | Prosperity Bancshares, Inc. |
| May 1, 2023 | FirstCapital Bank of Texas, National Association | Prosperity Bank |
| May 1, 2023 | Limestone Bancorp, Inc | Peoples Bancorp Inc. |
| May 1, 2023 | Troy Area School Employees Federal Credit Union | First Heritage Federal Credit Union |
| May 1, 2023 | Davenport Police Department Credit Union | The Family Credit Union |
| May 1, 2023 | Vermillion Federal Credit Union | Voyage Federal Credit Union |
| May 1, 2023 | Girard Credit Union, Inc. | Associated School Employees Credit Union, Inc. |
| May 1, 2023 | St. Gabriels Federal Credit Union | WSSC Federal Credit Union |
| May 1, 2023 | Limestone Bank, Inc. | Peoples Bank |
| May 1, 2023 | Kemba Peoria Credit Union | Gale Credit Union |
| May 1, 2023 | Novamont Employees Federal Credit Union | First Priority Federal Credit Union |
| May 1, 2023 | Independence Federal Credit Union | United Consumers Credit Union |
| May 1, 2023 | Sequoia Federal Credit Union | Premierone Credit Union |
| Apr 30, 2023 | Dillonvale Federal Credit Union | Ohio Valley Community Federal Credit Union |
| Apr 29, 2023 | Bridgeport City Employees Federal Credit Union | Sikorsky Financial Credit Union, Inc. |
| Apr 22, 2023 | Surrey Bancorp | First Community Bankshares, Inc. |
| Apr 22, 2023 | Surrey Bank & Trust | First Community Bank |
| Apr 22, 2023 | Lusk State Bank | Banner Capital Bank |
| Apr 15, 2023 | Bank of Blue Valley | HTLF Bank |
| Apr 2, 2023 | (unnamed) | South Plains Financial, Inc. |
| Apr 1, 2023 | Montgomery Bancshares, Inc. | Waterman Acquisition Group, LLC |
| Apr 1, 2023 | Charis Holdings, Inc | Vista Bancshares, Inc. |
| Apr 1, 2023 | Beauregard Bancshares, Inc. | Homeland Bancshares, Inc. |
| Apr 1, 2023 | Maximum Bancshares, Inc. | Savanna-Thomson Investment, Inc. |
| Apr 1, 2023 | PSB Holding Corp. | Summit Financial Group, Inc. |
| Apr 1, 2023 | Woodlawn Federal Credit Union | Navigant Credit Union |
| Apr 1, 2023 | First State Bank of Bloomington | First State Bank and Trust |
| Apr 1, 2023 | Fidelity Bank | Fidelity Bank |
| Apr 1, 2023 | Armstrong Federal Credit Union | Jackson Area Federal Credit Union |
| Apr 1, 2023 | Provident State Bank, Inc. | Summit Community Bank, Inc |
| Apr 1, 2023 | Reliant Federal Credit Union | Uniwyo Federal Credit Union |
| Apr 1, 2023 | Commonwealth Utilities Federal Credit Union | Taunton Federal Credit Union |
| Apr 1, 2023 | Powerco Federal Credit Union | Southern Energy Credit Union |
| Apr 1, 2023 | Prime Care Credit Union, Incorporated | Healthcare Systems Federal Credit Union |
| Apr 1, 2023 | Stamford Postal Employees Federal Credit Union | America's First Network Credit Union |
| Apr 1, 2023 | Emerald Bank | Bank of Commerce |
| Apr 1, 2023 | Butler Point, Inc. | Fisher Bancorp, Inc. |
| Apr 1, 2023 | Muncie Post Office Credit Union | Financial Center First Credit Union |
| Apr 1, 2023 | Charis Bank | Vista Bank |
| Apr 1, 2023 | Pioneer State Bank | Numark 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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