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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
Dec 16, 2024 Kennametal Orwell Employees Federal Credit Union OH Lakeview Federal Credit Union
Dec 13, 2024 Texas Telcom Credit Union TX America's Credit Union
Dec 2, 2024 High Sierra Credit Union CA Desert Valleys Federal Credit Union
Dec 1, 2024 Saint Paul Ame Zion Church Credit Union, Inc. OH Greater Cleveland Community Credit Union, Inc
Dec 1, 2024 La Crosse-Burlington Credit Union WI Co-Op Credit Union
Dec 1, 2024 B E T Federal Credit Union NY Educational and Governmental Employees Federal Credit Union
Dec 1, 2024 Latvian Heritage Federal Credit Union MI Ignite Credit Union
Dec 1, 2024 Kane County Teachers Credit Union IL Consumers Credit Union
Dec 1, 2024 Town and Country Credit Union IA Community 1st Credit Union
Dec 1, 2024 Enterprise Credit Union WI Credit Union 1
Dec 1, 2024 Howard University Employees Federal Credit Union DC Educational Systems Federal Credit Union
Dec 1, 2024 Tri-Valley Services Federal Credit Union PA Allegent Community Federal Credit Union
Nov 8, 2024 Baltimore Washington Federal Credit Union MD Five Star of Maryland Federal Credit Union
Nov 1, 2024 Purity Dairies Employees Federal Credit Union TN Outreach Federal Credit Union
Nov 1, 2024 Universal Coop Federal Credit Union PR Caribe Federal Credit Union
Nov 1, 2024 Tazewell County School Employees Credit Union IL Cooperative Choice Network Credit Union
Nov 1, 2024 Jay Bee Employees Federal Credit Union PA First Commonwealth Federal Credit Union
Nov 1, 2024 School District 218 Employees Federal Credit Union IL Credit Union 1
Nov 1, 2024 Teamsters Credit Union MI Michigan First Credit Union
Nov 1, 2024 Scfe Credit Union, Inc. OH Atomic Credit Union, Inc.
Nov 1, 2024 South Louisiana Highway Federal Credit Union LA Onpath Federal Credit Union
Nov 1, 2024 Valley Hills Federal Credit Union CA Arrowhead Federal Credit Union
Nov 1, 2024 Prospectors Federal Credit Union CA Certified Federal Credit Union
Nov 1, 2024 Smart Federal Credit Union OH Pathways Financial Credit Union, Inc.
Oct 17, 2024 Albion School Employees Federal Credit Union NY Cobblestone Country 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
Sep 1, 2024 Spco Credit Union TX First Service Credit Union
Sep 1, 2024 Relyon Credit Union TX Neighborhood Credit Union
Sep 1, 2024 Algonquin State Bank IL Michigan State University Federal Credit Union
Sep 1, 2024 Pinnacle Credit Union GA Peach State Federal Credit Union
Sep 1, 2024 McHenry Savings Bank IL Michigan State University Federal Credit Union
Aug 31, 2024 Security Bank AR Bank of Salem
Aug 31, 2024 Tanner Employees Credit Union UT Utah First Federal Credit Union
Aug 24, 2024 Cornerstone Bank NJ The Bank of Princeton
Aug 24, 2024 Cornerstone Financial Corporation NJ Princeton Bancorp, Inc.
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
Aug 15, 2024 Christ the King Parish Federal Credit Union KS Midwest Regional Credit Union
Aug 1, 2024 CBB Bancorp GA Southern States Bancshares, Inc.
Aug 1, 2024 Century Bank of Georgia GA Southern States Bank
Aug 1, 2024 Macatawa Bank Corporation MI Wintrust Financial Corporation
Aug 1, 2024 Community First Bancorporation SC Dogwood State Bank
Aug 1, 2024 Community First Bank, Inc. SC Dogwood State Bank
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
Aug 1, 2024 California Bancorp CA California Bancorp
Aug 1, 2024 California Bank of Commerce CA California Bank of Commerce, N.A.
Jul 31, 2024 Arizona Copper Federal Credit Union AZ American Southwest Credit Union
Jul 13, 2024 Cambridge Trust Company MA Eastern Bank
Jul 13, 2024 Wayland State Bank IA Pilot Grove Savings Bank
Jul 13, 2024 Cambridge Bancorp MA Eastern Bankshares Inc
Jul 8, 2024 Multipli Credit Union MO Multipli Federal Credit Union
Jul 3, 2024 Community State Bank KS Solutions North Bank
Jul 3, 2024 Coffeyville Bancorp, Inc. KS Stockton Bancshares, Inc.
Jul 2, 2024 Kansasland Bancshares, Inc. KS Equity Bancshares, Inc.
Jul 2, 2024 KansasLand Bank KS Equity Bank
Jul 1, 2024 Peoples Energy Credit Union IL Earthmover Credit Union
Jul 1, 2024 Laneco Federal Credit Union OR Central Willamette Credit Union
Jul 1, 2024 Edison Credit Union MO Communityamerica Federal Credit Union
Jul 1, 2024 MM Employees Federal Credit Union MT Montana Educators' Credit Union
Jul 1, 2024 FNCB Bank PA Peoples Security Bank and Trust Company
Jul 1, 2024 Neosho School Employees Credit Union MO Legacy Credit Union
Jul 1, 2024 State Bank of Danvers MN Lake Central Bank
Jul 1, 2024 Cemc Employees Credit Union TN Gateway Credit Union
Jul 1, 2024 PeoplesBank, a Codorus Valley Company PA Orrstown Bank
Jul 1, 2024 Changing Seasons Federal Credit Union ME University Credit Union
Jul 1, 2024 Law Enforcement & Technology Federal Credit Union FL Justice Federal Credit Union
Jul 1, 2024 SimplyBank. TN First Financial Bank, N.A.
Jul 1, 2024 Parkview Community Federal Credit Union PA Clearview Federal Credit Union
Jul 1, 2024 Rochester Area State Employees Federal Credit Union NY Rochester & Monroe County Employees Federal Credit Union
Jul 1, 2024 Reading Mass Town Employees Federal Credit Union MA Stoneham Municipal Employees Federal Credit Union
Jul 1, 2024 Ignite Credit Union MI Ignite Credit Union
Jul 1, 2024 Wellness Federal Credit Union CT American Eagle Financial Credit Union, Inc.
Jul 1, 2024 Florida Rural Electric Credit Union FL Calhoun Liberty Credit Union
Jul 1, 2024 Springdale P P G Federal Credit Union PA PPG & Associates Federal 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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