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 |
|---|---|---|
| Sep 1, 2024 | Spco Credit Union | First Service Credit Union |
| Sep 1, 2024 | Relyon Credit Union | Neighborhood Credit Union |
| Sep 1, 2024 | Algonquin State Bank | Michigan State University Federal Credit Union |
| Sep 1, 2024 | Pinnacle Credit Union | Peach State Federal Credit Union |
| Sep 1, 2024 | McHenry Savings Bank | Michigan State University Federal Credit Union |
| Aug 31, 2024 | Security Bank | Bank of Salem |
| Aug 31, 2024 | Tanner Employees Credit Union | Utah First Federal Credit Union |
| Aug 24, 2024 | Cornerstone Bank | The Bank of Princeton |
| Aug 24, 2024 | Cornerstone Financial Corporation | Princeton Bancorp, Inc. |
| Aug 21, 2024 | Rediform Niagara Falls NY Federal Credit Union | Encompass Niagara Federal Credit Union |
| Aug 17, 2024 | Local 520 U a Federal Credit Union | Hershey Federal Credit Union |
| Aug 15, 2024 | Christ the King Parish Federal Credit Union | Midwest Regional Credit Union |
| Aug 1, 2024 | CBB Bancorp | Southern States Bancshares, Inc. |
| Aug 1, 2024 | Century Bank of Georgia | Southern States Bank |
| Aug 1, 2024 | Macatawa Bank Corporation | Wintrust Financial Corporation |
| Aug 1, 2024 | Community First Bancorporation | Dogwood State Bank |
| Aug 1, 2024 | Community First Bank, Inc. | Dogwood State Bank |
| Aug 1, 2024 | Member One Federal Credit Union | Virginia Federal Credit Union |
| Aug 1, 2024 | Anoka Hennepin Credit Union | Topline Financial Credit Union |
| Aug 1, 2024 | Creighton Federal Credit Union | Cobalt Federal Credit Union |
| Aug 1, 2024 | California Bancorp | California Bancorp |
| Aug 1, 2024 | California Bank of Commerce | California Bank of Commerce, N.A. |
| Jul 31, 2024 | Arizona Copper Federal Credit Union | American Southwest Credit Union |
| Jul 13, 2024 | Cambridge Trust Company | Eastern Bank |
| Jul 13, 2024 | Wayland State Bank | Pilot Grove Savings Bank |
| Jul 13, 2024 | Cambridge Bancorp | Eastern Bankshares Inc |
| Jul 8, 2024 | Multipli Credit Union | Multipli Federal Credit Union |
| Jul 3, 2024 | Community State Bank | Solutions North Bank |
| Jul 3, 2024 | Coffeyville Bancorp, Inc. | Stockton Bancshares, Inc. |
| Jul 2, 2024 | Kansasland Bancshares, Inc. | Equity Bancshares, Inc. |
| Jul 2, 2024 | KansasLand Bank | Equity Bank |
| Jul 1, 2024 | Peoples Energy Credit Union | Earthmover Credit Union |
| Jul 1, 2024 | Laneco Federal Credit Union | Central Willamette Credit Union |
| Jul 1, 2024 | Edison Credit Union | Communityamerica Federal Credit Union |
| Jul 1, 2024 | MM Employees Federal Credit Union | Montana Educators' Credit Union |
| Jul 1, 2024 | FNCB Bank | Peoples Security Bank and Trust Company |
| Jul 1, 2024 | Neosho School Employees Credit Union | Legacy Credit Union |
| Jul 1, 2024 | State Bank of Danvers | Lake Central Bank |
| Jul 1, 2024 | Cemc Employees Credit Union | Gateway Credit Union |
| Jul 1, 2024 | PeoplesBank, a Codorus Valley Company | Orrstown Bank |
| Jul 1, 2024 | Changing Seasons Federal Credit Union | University Credit Union |
| Jul 1, 2024 | Law Enforcement & Technology Federal Credit Union | Justice Federal Credit Union |
| Jul 1, 2024 | SimplyBank. | First Financial Bank, N.A. |
| Jul 1, 2024 | Parkview Community Federal Credit Union | Clearview Federal Credit Union |
| Jul 1, 2024 | Rochester Area State Employees Federal Credit Union | Rochester & Monroe County Employees Federal Credit Union |
| Jul 1, 2024 | Reading Mass Town Employees Federal Credit Union | Stoneham Municipal Employees Federal Credit Union |
| Jul 1, 2024 | Ignite Credit Union | Ignite Credit Union |
| Jul 1, 2024 | Wellness Federal Credit Union | American Eagle Financial Credit Union, Inc. |
| Jul 1, 2024 | Florida Rural Electric Credit Union | Calhoun Liberty Credit Union |
| Jul 1, 2024 | Springdale P P G Federal Credit Union | PPG & Associates 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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