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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.

103
Banks acquired
11 bought by a credit union
149
Credit unions merged
NIC, credit unions as the acquired side
53
Holding companies
Bank holding companies merged
314
All merger records

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 State Assets Acquirer
May 16, 2024 Lakeland Bank NJ $10.96B Provident Bank
Mar 1, 2024 Luther Burbank Savings CA $8.23B WaFd Bank
Jul 13, 2024 Cambridge Trust Company MA $5.33B Eastern Bank
May 3, 2024 Summit Community Bank, Inc WV $4.63B Burke and Herbert Bank and Trust Company
Apr 1, 2024 American National Bank and Trust Company VA $3.07B Atlantic Union Bank
Apr 1, 2024 CapStar Bank TN $3.04B Old National Bank
Jun 1, 2024 USAA Savings Bank NV $2.62B USAA Federal Savings Bank
Jul 1, 2024 PeoplesBank, a Codorus Valley Company PA $2.22B Orrstown Bank
Aug 1, 2024 California Bank of Commerce CA $1.91B California Bank of Commerce, N.A.
Jul 1, 2024 FNCB Bank PA $1.81B Peoples Security Bank and Trust Company
Apr 1, 2024 Lone Star State Bank of West Texas TX $1.38B Prosperity Bank
Sep 21, 2024 Abington Bank MA $1.35B TruNorth Bank
Oct 10, 2024 Home Federal Savings Bank MN $1.10B Alerus Financial, N.A.
Apr 1, 2024 Community West Bank, National Association CA $1.06B Community West Bank
Nov 1, 2024 Community Bank of the Bay CA $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.

Effective Merged credit union State Surviving institution
Oct 2, 2024 Umico Federal Credit Union NY Special Metals Federal Credit Union
Oct 1, 2024 Civic Federal Credit Union NC Civic Federal Credit Union
Oct 1, 2024 Joy Employees Federal Credit Union VA National Employees Federal Credit Union
Oct 1, 2024 Shipbuilders Credit Union WI Kohler Credit Union
Oct 1, 2024 Wakarusa Valley Credit Union KS Envista Federal Credit Union
Oct 1, 2024 Mason County School Employees Credit Union MI Safe Harbor Credit Union
Oct 1, 2024 Latrobe Area Hospital Federal Credit Union PA Pheple Federal Credit Union
Oct 1, 2024 Mississippi Federal Credit Union MS Mutual Federal Credit Union
Oct 1, 2024 Wyo Central Federal Credit Union WY Stagepoint Federal Credit Union
Oct 1, 2024 Rockford Bell Credit Union IL Consumers Credit Union
Oct 1, 2024 Advantis Credit Union OR Rivermark Community Credit Union
Oct 1, 2024 Arnold Bakers Employees Federal Credit Union CT America's First Network Credit Union
Oct 1, 2024 Procter & Gamble Employees Credit Union MO Alliance Credit Union
Oct 1, 2024 Bourns Employees Federal Credit Union CA Arrowhead Federal Credit Union
Oct 1, 2024 Oahu Federal Credit Union HI Aloha Pacific Federal Credit Union
Sep 1, 2024 Spco Credit Union TX First Service Credit Union
Sep 1, 2024 Relyon Credit Union TX Neighborhood Credit Union
Sep 1, 2024 Pinnacle Credit Union GA Peach State Federal Credit Union
Sep 1, 2024 Eastpointe Community Credit Union MI Freestar Financial Credit Union
Sep 1, 2024 Springfield Postal Employees Federal Credit Union OH Pathways Financial Credit Union, Inc.
Sep 1, 2024 CRMC Employees Credit Union GA Interstate Credit Union
Sep 1, 2024 Swindell-Dressler Credit Union PA Armco Credit Union
Aug 31, 2024 Tanner Employees Credit Union UT Utah First Federal Credit Union
Aug 21, 2024 Rediform Niagara Falls NY Federal Credit Union NY Encompass Niagara Federal Credit Union
Aug 17, 2024 Local 520 U a Federal Credit Union PA Hershey Federal Credit Union

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 State Acquirer
Mar 1, 2024 Mountain Empire Federal Credit Union VA United Southeast Federal Credit Union
Mar 1, 2024 Luther Burbank Savings CA WaFd Bank
Mar 1, 2024 Pasadena Service Federal Credit Union CA Pasadena Federal Credit Union
Mar 1, 2024 Maumee Educators Federal Credit Union OH Educational Community Alliance Credit Union
Mar 1, 2024 Avoyelles Parish School Board Employees Federal Credit Union LA Heart of Louisiana Federal Credit Union
Mar 1, 2024 Luther Burbank Corporation CA WaFd, Inc.
Mar 1, 2024 Lafayette Bancorp, Inc. MS Guaranty Capital Corporation
Mar 1, 2024 121 Financial Credit Union FL Vystar Credit Union
Mar 1, 2024 McKeesport Bell Federal Credit Union PA Allegent Community Federal Credit Union
Mar 1, 2024 Aventa Credit Union CO Blue Federal Credit Union
Feb 29, 2024 Galveston School Employees Federal Credit Union TX Coastal Community Federal Credit Union
Feb 24, 2024 Bergen Division Federal Credit Union NJ N.J.T. Employees Federal Credit Union
Feb 22, 2024 Interstate Federal Savings and Loan Association of McGregor IA Peoples State Bank
Feb 17, 2024 Mars Bank PA NexTier Bank, N.A.
Feb 17, 2024 Mars Bancorp, Inc. PA NexTier Incorporated
Feb 17, 2024 The First National Bank at Paris AR Union Bank
Feb 10, 2024 Cambridge State Bank MN Security Bank & Trust Company
Feb 10, 2024 Rockhold Bancorp MO Equity Bancshares, Inc.
Feb 10, 2024 Bank of Kirksville MO Equity Bank
Feb 10, 2024 Financial Security Bank MN Bravera Bank
Feb 5, 2024 State Bank of Odell NE Heartland Bank
Feb 1, 2024 Mutual Savings Bank SC Oconee Federal Savings and Loan Association
Feb 1, 2024 Community Financial Group, Inc. WA Glacier Bancorp, Inc.
Feb 1, 2024 Denver Bankshares, Inc. CO Midwestone Financial Group, Inc.
Feb 1, 2024 YS Federal Credit Union OH Bridge Credit Union Inc.
Feb 1, 2024 The Bank of Denver CO MidWestOne Bank
Feb 1, 2024 Lubbock Telco Federal Credit Union TX Texas Tech Federal Credit Union
Feb 1, 2024 Otero County Teachers Federal Credit Union CO Fellowship Credit Union
Feb 1, 2024 Wheatland Bank WA Glacier Bank
Jan 27, 2024 Farmers-Merchants Bank of Illinois IL Merchants Bank of Indiana
Jan 27, 2024 State Bank of Brooks IA Union State Bank
Jan 23, 2024 Priority Postal Credit Union TX Essential Credit Union
Jan 17, 2024 Sunsouth Bank AL All in Federal Credit Union
Jan 3, 2024 Wake Forest Federal Savings and Loan Association NC Piedmont Federal Savings Bank
Jan 1, 2024 Tuscaloosa County Credit Union AL Alabama Credit Union
Jan 1, 2024 Parkside Credit Union MI True Community Credit Union
Jan 1, 2024 Midwest Carpenters & Millwrights Federal Credit Union IN Credit Union 1
Jan 1, 2024 Acushnet Federal Credit Union MA Taunton Federal Credit Union
Jan 1, 2024 New Pilgrim Federal Credit Union AL Hope Federal Credit Union
Jan 1, 2024 Northpark Community Credit Union IN Centra Credit Union
Jan 1, 2024 Gpa Credit Union GA Georgia Heritage Federal Credit Union
Jan 1, 2024 United Methodist of Mississippi Federal Credit Union MS Brightview Federal Credit Union
Jan 1, 2024 Kankakee Terminal Belt Credit Union IL Credit Union 1
Jan 1, 2024 Muskegon Patternmakers Federal Credit Union MI Service 1 Federal Credit Union
Jan 1, 2024 Hampton V a Federal Credit Union VA Healthcare Systems Federal Credit Union
Jan 1, 2024 Electric Utilities Credit Union TX Alliance Credit Union
Jan 1, 2024 Enterprise Credit Union KS Kansas State University Federal Credit Union
Jan 1, 2024 Greenbelt Federal Credit Union MD Prince George's Community Federal Credit Union
Jan 1, 2024 Freedom Community Credit Union ND United Savings Credit Union
Jan 1, 2024 Federal Employees of Chippewa County Credit Union MI U.P. State Credit Union

Bank mergers by year

·

Year Merger records
2026 360
2025 433
2024 314
2023 363
2022 432
2021 437
2020 437
2019 547
2018 643
2017 608
2016 655
2015 766

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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