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