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 |
|---|---|---|
| May 1, 2024 | Diversified Financial Services, LLC | First National Bank of Omaha |
| May 1, 2024 | Florence Bancorporation, Inc. | Multi-Bank Services, Ltd. |
| May 1, 2024 | Onesouth Bank | Five Star Credit Union |
| May 1, 2024 | Piney Hills Federal Credit Union | Carter Federal Credit Union |
| May 1, 2024 | United Credit Union | Midland Credit Union |
| May 1, 2024 | Reno City Employees Federal Credit Union | Great Basin Federal Credit Union |
| May 1, 2024 | Shaw University Federal Credit Union | Self-Help Federal Credit Union |
| May 1, 2024 | Lowland Credit Union | Ornl Federal Credit Union |
| May 1, 2024 | Wilcox County State Bank | Five Star Credit Union |
| May 1, 2024 | Health Care Idaho Credit Union | Idaho Central Credit Union |
| Apr 25, 2024 | K G C Federal Credit Union | Priority First Federal Credit Union |
| Apr 20, 2024 | Flagship Bank Minnesota | Security Bank & Trust Company |
| Apr 18, 2024 | Eden Financial Corporation | Patrons Holdings, Inc. |
| Apr 13, 2024 | Eagle Financial Bancorp Inc | LCNB Corp. |
| Apr 13, 2024 | Mohawk Progressive Federal Credit Union | First New York Federal Credit Union |
| Apr 13, 2024 | EAGLE.bank | LCNB National Bank |
| Apr 11, 2024 | Mississippi River Bank | Townbridge Bank |
| Apr 10, 2024 | Coastal Bank & Trust | Providence Bank |
| Apr 2, 2024 | Harmony Federal Credit Union | Grand Junction Federal Credit Union |
| Apr 1, 2024 | Lone Star State Bancshares, Inc. | Prosperity Bancshares, Inc. |
| Apr 1, 2024 | Lone Star State Bank of West Texas | Prosperity Bank |
| Apr 1, 2024 | Life Design Holding Company | Mutual Bancorp |
| Apr 1, 2024 | Fidelity Mutual Holding Company | Mutual Bancorp |
| Apr 1, 2024 | Community West Bancshares | Community West Bancshares |
| Apr 1, 2024 | Merchants and Manufacturers Bank Corporation | First Busey Corporation |
| Apr 1, 2024 | Community West Bank, National Association | Community West Bank |
| Apr 1, 2024 | Stigler Bancorporation, Inc. | Firstar Financial Corp. |
| Apr 1, 2024 | American National Bankshares Inc. | Atlantic Union Bankshares Corporation |
| Apr 1, 2024 | Gold Credit Union | United Federal Credit Union |
| Apr 1, 2024 | American National Bank and Trust Company | Atlantic Union Bank |
| Apr 1, 2024 | City & Police Federal Credit Union | Alive Credit Union |
| Apr 1, 2024 | St. Elizabeth Credit Union | First Commonwealth Federal Credit Union |
| Apr 1, 2024 | Northeastern Connecticut Health Care Credit Union, Inc. | America's First Network Credit Union |
| Apr 1, 2024 | Allied Plastics Federal Credit Union | GP Louisiana Federal Credit Union |
| Apr 1, 2024 | Wufface Federal Credit Union | Kemba Credit Union, Inc. |
| Apr 1, 2024 | Flasher Community Credit Union | Capital Credit Union |
| Apr 1, 2024 | Ssmok Employees Federal Credit Union | The Focus Federal Credit Union |
| Apr 1, 2024 | The First National Bank of Stigler | Firstar Bank |
| Apr 1, 2024 | Central Coast Federal Credit Union | Wescom Central Credit Union |
| Apr 1, 2024 | Fci Federal Credit Union | Red River Employees Federal Credit Union |
| Apr 1, 2024 | Capstar Financial Holdings, Inc. | Old National Bancorp |
| Apr 1, 2024 | CapStar Bank | Old National Bank |
| Mar 30, 2024 | Fox Street, Inc. | MidWestOne Bank |
| Mar 26, 2024 | I C Federal Credit Union | Priority First Federal Credit Union |
| Mar 19, 2024 | Cboa Financial, Inc. | Bancorp 34, Inc. |
| Mar 19, 2024 | Commerce Bank of Arizona | Southwest Heritage Bank |
| Mar 12, 2024 | Western Heritage Bank | Nusenda Federal Credit Union |
| Mar 7, 2024 | Spiro Bancshares, Inc. | Prairie Bell Holdings, Inc. |
| Mar 4, 2024 | Star Choice Credit Union | Sharepoint Credit Union |
| Mar 1, 2024 | Our Sunday Visitor Employees Federal Credit Union | Community Link 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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