Mergers by Year
Bank Mergers in 2024
103 banks were acquired or merged into another institution in 2024, and 149 credit unions merged, according to the Federal Reserve's National Information Center (NIC). The largest bank deal was Lakeland Bank into Provident Bank, effective May 16, 2024; the acquired bank reported $10.96B in assets before the deal. NIC recorded 314 merger records in 2024 against 363 in 2023.
Largest bank mergers of 2024
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| May 16, 2024 | Lakeland Bank | $10.96B | Provident Bank |
| Mar 1, 2024 | Luther Burbank Savings | $8.23B | WaFd Bank |
| Jul 13, 2024 | Cambridge Trust Company | $5.33B | Eastern Bank |
| May 3, 2024 | Summit Community Bank, Inc | $4.63B | Burke and Herbert Bank and Trust Company |
| Apr 1, 2024 | American National Bank and Trust Company | $3.07B | Atlantic Union Bank |
| Apr 1, 2024 | CapStar Bank | $3.04B | Old National Bank |
| Jun 1, 2024 | USAA Savings Bank | $2.62B | USAA Federal Savings Bank |
| Jul 1, 2024 | PeoplesBank, a Codorus Valley Company | $2.22B | Orrstown Bank |
| Aug 1, 2024 | California Bank of Commerce | $1.91B | California Bank of Commerce, N.A. |
| Jul 1, 2024 | FNCB Bank | $1.81B | Peoples Security Bank and Trust Company |
| Apr 1, 2024 | Lone Star State Bank of West Texas | $1.38B | Prosperity Bank |
| Sep 21, 2024 | Abington Bank | $1.35B | TruNorth Bank |
| Oct 10, 2024 | Home Federal Savings Bank | $1.10B | Alerus Financial, N.A. |
| Apr 1, 2024 | Community West Bank, National Association | $1.06B | Community West Bank |
| Nov 1, 2024 | Community Bank of the Bay | $1.01B | Commercial Bank of California |
Credit union mergers in 2024
149 credit unions merged into another institution. NCUA 5300 asset figures are not loaded for 2024.
Every merger recorded in 2024
314 NIC merger records in 2024 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Dec 16, 2024 | Kennametal Orwell Employees Federal Credit Union | Lakeview Federal Credit Union |
| Dec 14, 2024 | First Minnetonka City Bank | Bridgewater Bank |
| Dec 14, 2024 | RiverWood Bank, National Association | National Bank of Commerce |
| Dec 14, 2024 | Great River Holding Company | Natcom BANCSHARES,INC. |
| Dec 13, 2024 | Texas Telcom Credit Union | America's Credit Union |
| Dec 10, 2024 | Bancshares of Ripley, Inc. | Security Bancshares, Inc. |
| Dec 10, 2024 | Bank of Ripley | Security Bank and Trust Company |
| Dec 7, 2024 | Harwood State Bank | Banknorth |
| Dec 7, 2024 | First Community Bank of the Ozarks | Table Rock Community Bank |
| Dec 5, 2024 | Bank of Orchard | Cornerstone Bank |
| Dec 2, 2024 | High Sierra Credit Union | Desert Valleys Federal Credit Union |
| Dec 1, 2024 | Kane County Teachers Credit Union | Consumers Credit Union |
| Dec 1, 2024 | Town and Country Credit Union | Community 1st Credit Union |
| Dec 1, 2024 | Enterprise Credit Union | Credit Union 1 |
| Dec 1, 2024 | MB Financial Center Land Owner LLC | Fifth Third Bank, N.A. |
| Dec 1, 2024 | MB Financial Center LLC | Fifth Third Bank, N.A. |
| Dec 1, 2024 | Washington Business Bank | Sound Credit Union |
| Dec 1, 2024 | Ashland Management Agency, LLC | Fifth Third Bank, N.A. |
| Dec 1, 2024 | Howard University Employees Federal Credit Union | Educational Systems Federal Credit Union |
| Dec 1, 2024 | Tri-Valley Services Federal Credit Union | Allegent Community Federal Credit Union |
| Dec 1, 2024 | Saint Paul Ame Zion Church Credit Union, Inc. | Greater Cleveland Community Credit Union, Inc |
| Dec 1, 2024 | La Crosse-Burlington Credit Union | Co-Op Credit Union |
| Dec 1, 2024 | B E T Federal Credit Union | Educational and Governmental Employees Federal Credit Union |
| Dec 1, 2024 | Latvian Heritage Federal Credit Union | Ignite Credit Union |
| Nov 30, 2024 | Guardian Savings Bank | Community Partners Savings Bank |
| Nov 16, 2024 | Freeland State Bank | Thumb Bank & Trust |
| Nov 16, 2024 | Mountain View Bank of Commerce | Academy Bank, N.A. |
| Nov 16, 2024 | Alliance Bank | The Bennington State Bank |
| Nov 16, 2024 | First Texas Bank | First Texas Bank |
| Nov 8, 2024 | Baltimore Washington Federal Credit Union | Five Star of Maryland Federal Credit Union |
| Nov 6, 2024 | Community First Bank | Henderson State Bank |
| Nov 2, 2024 | Chase Mortgage Holdings, Inc. | JPMorgan Chase Bank, N.A. |
| Nov 1, 2024 | Community Bank of the Bay | Commercial Bank of California |
| Nov 1, 2024 | First Caprock Bancshares, Inc. | Triple J Financial, Inc. |
| Nov 1, 2024 | Universal Coop Federal Credit Union | Caribe Federal Credit Union |
| Nov 1, 2024 | Tazewell County School Employees Credit Union | Cooperative Choice Network Credit Union |
| Nov 1, 2024 | Jay Bee Employees Federal Credit Union | First Commonwealth Federal Credit Union |
| Nov 1, 2024 | School District 218 Employees Federal Credit Union | Credit Union 1 |
| Nov 1, 2024 | Teamsters Credit Union | Michigan First Credit Union |
| Nov 1, 2024 | Scfe Credit Union, Inc. | Atomic Credit Union, Inc. |
| Nov 1, 2024 | South Louisiana Highway Federal Credit Union | Onpath Federal Credit Union |
| Nov 1, 2024 | Valley Hills Federal Credit Union | Arrowhead Federal Credit Union |
| Nov 1, 2024 | The Pataskala Banking Company | Peoples State Bank |
| Nov 1, 2024 | TSB Bank | Empeople Credit Union |
| Nov 1, 2024 | Prospectors Federal Credit Union | Certified Federal Credit Union |
| Nov 1, 2024 | Smart Federal Credit Union | Pathways Financial Credit Union, Inc. |
| Nov 1, 2024 | Purity Dairies Employees Federal Credit Union | Outreach Federal Credit Union |
| Nov 1, 2024 | Bay Community Bancorp | CBC Bancorp |
| Oct 26, 2024 | Commodore Financial Network, Inc. | North Valley Bancshares, Inc. |
| Oct 26, 2024 | Commodore Bank | North Valley 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.
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