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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
Aug 15, 2024 Christ the King Parish Federal Credit Union KS Midwest Regional Credit Union
Aug 1, 2024 Member One Federal Credit Union VA Virginia Federal Credit Union
Aug 1, 2024 Anoka Hennepin Credit Union MN Topline Financial Credit Union
Aug 1, 2024 Creighton Federal Credit Union NE Cobalt Federal Credit Union
Jul 31, 2024 Arizona Copper Federal Credit Union AZ American Southwest Credit Union
Jul 8, 2024 Multipli Credit Union MO Multipli Federal Credit Union
Jul 1, 2024 Peoples Energy Credit Union IL Earthmover Credit Union
Jul 1, 2024 Edison Credit Union MO CommunityAmerica Federal Credit Union
Jul 1, 2024 Southwest Counties School Employees Credit Union MO Legacy Credit Union
Jul 1, 2024 Frsa Credit Union FL Orlando Credit Union
Jul 1, 2024 Springdale P P G Federal Credit Union PA PPG & Associates Federal Credit Union
Jul 1, 2024 Laneco Federal Credit Union OR Central Willamette Credit Union
Jul 1, 2024 Florida Rural Electric Credit Union FL Calhoun Liberty Credit Union
Jul 1, 2024 Wellness Federal Credit Union CT American Eagle Financial Credit Union, Inc.
Jul 1, 2024 Ignite Credit Union MI Ignite Credit Union
Jul 1, 2024 Reading Mass Town Employees Federal Credit Union MA Stoneham Municipal Employees Federal Credit Union
Jul 1, 2024 Rochester Area State Employees Federal Credit Union NY Rochester & Monroe County Employees Federal Credit Union
Jul 1, 2024 Parkview Community Federal Credit Union PA Clearview Federal Credit Union
Jul 1, 2024 Law Enforcement & Technology Federal Credit Union FL Justice Federal Credit Union
Jul 1, 2024 Changing Seasons Federal Credit Union ME University Credit Union
Jul 1, 2024 Cemc Employees Credit Union TN Gateway Credit Union
Jul 1, 2024 Neosho School Employees Credit Union MO Legacy Credit Union
Jul 1, 2024 MM Employees Federal Credit Union MT Montana Educators' Credit Union
Jun 30, 2024 South Towns Community Federal Credit Union NY One Credit Union of NY
Jun 30, 2024 Ukrainian Selfreliance New England Federal Credit Union CT Selfreliance 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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