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 |
|---|---|---|
| Jul 1, 2024 | Codorus Valley Bancorp, Inc. | Orrstown Financial Services, Inc. |
| Jul 1, 2024 | Frsa Credit Union | Orlando Credit Union |
| Jul 1, 2024 | Southwest Counties School Employees Credit Union | Legacy Credit Union |
| Jul 1, 2024 | FNCB Bancorp, Inc. | Peoples Financial Services Corp. |
| Jul 1, 2024 | Alliance Bank & Trust Company | Commercial Bank |
| Jul 1, 2024 | AB&T Financial Corporation | Commercial Bancgroup, Inc. |
| Jul 1, 2024 | Fourth Capital Bank | Lawrence Bank |
| Jul 1, 2024 | Fourth Capital Holdings, Inc. | Lawrence Bancshares, Inc. |
| Jun 30, 2024 | Ukrainian Selfreliance New England Federal Credit Union | Selfreliance Federal Credit Union |
| Jun 30, 2024 | South Towns Community Federal Credit Union | One Credit Union of NY |
| Jun 25, 2024 | Forrest County Teachers Federal Credit Union | Centuryfirst Federal Credit Union |
| Jun 24, 2024 | Lexington Avenue Federal Credit Union | Alternatives Federal Credit Union |
| Jun 24, 2024 | Bradley Bancshares, Inc. | Drew Bancshares, Inc. |
| Jun 24, 2024 | First State Bank of Warren | Commercial Bank & Trust Company |
| Jun 22, 2024 | Merchants and Manufacturers Bank | Busey Bank |
| Jun 21, 2024 | Little Rock Federal Credit Union | Truservice Community Federal Credit Union |
| Jun 12, 2024 | 1st Valley Credit Union | America First Federal Credit Union |
| Jun 1, 2024 | Lincoln Sudbury Town Employees Federal Credit Union | Saint Mary's Credit Union |
| Jun 1, 2024 | Cabway Telco Federal Credit Union | Star USA Federal Credit Union |
| Jun 1, 2024 | Cooperative Center Federal Credit Union | Nuvision Federal Credit Union |
| Jun 1, 2024 | First Colorado National Bank | OakStar Bank |
| Jun 1, 2024 | The Valley State Bank | Security State Bank |
| Jun 1, 2024 | Community First Bank | OakStar Bank |
| Jun 1, 2024 | First National Bank at Darlington | The Bank of New Glarus |
| Jun 1, 2024 | Encurage Financial Network | Great Lakes Credit Union |
| Jun 1, 2024 | Frontier Community Bank | The National Bank of Blacksburg |
| Jun 1, 2024 | Wayne Savings Bancshares, Inc. | Main Street Financial Services Corp |
| Jun 1, 2024 | Main Street Bank Corp. | Main Street Bank Corp. |
| Jun 1, 2024 | USAA Savings Bank | USAA Federal Savings Bank |
| Jun 1, 2024 | Credit Suisse Ag | UBS Ag |
| Jun 1, 2024 | First Bristol Federal Credit Union | Nutmeg State Financial Credit Union |
| Jun 1, 2024 | Bellco Federal Credit Union | First Commonwealth Federal Credit Union |
| Jun 1, 2024 | Louisiana Federal Credit Union | Onpath Federal Credit Union |
| May 31, 2024 | Cambridge Teachers Federal Credit Union | Webster First Federal Credit Union |
| May 31, 2024 | Financial Access Federal Credit Union | Credit Union 1 |
| May 25, 2024 | Security Bancshares, Inc. | LBT Bancshares, Inc. |
| May 25, 2024 | Security National Bank | Bank & Trust Company |
| May 24, 2024 | Plainfield Credit Union | New Brunswick Postal Federal Credit Union |
| May 18, 2024 | Arcola First Bank | Peoples Bank & Trust |
| May 16, 2024 | Lakeland Bank | Provident Bank |
| May 16, 2024 | Lakeland Bancorp, Inc. | Provident Financial Services, Inc. |
| May 16, 2024 | First Sound Bank | Harborstone Credit Union |
| May 11, 2024 | The First National Bank in Creston | Northwest Bank |
| May 4, 2024 | Lake City Federal Bank | Forward Bank |
| May 3, 2024 | Summit Community Bank, Inc | Burke and Herbert Bank and Trust Company |
| May 3, 2024 | Summit Financial Group, Inc. | Burke & Herbert Financial Services Corp. |
| May 1, 2024 | First National Bank | Panhandle First Bank |
| May 1, 2024 | Paradise Valley Federal Credit Union | Nuvision Federal Credit Union |
| May 1, 2024 | Allied Healthcare Federal Credit Union | Southland Credit Union |
| May 1, 2024 | The Municipal Federal Credit Union | Premier 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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