During the first quarter of the year, the NCUA approved 54 mergers across 30 states, which was significantly higher than the 41 mergers approved at the end of the first quarter in 2015.
However, the NCUA final tally of completed mergers last year totaled 235, which was considerably lower than the 257 completed mergers in 2014, 254 completed consolidations in 2013, and 277 in completed consolidations in 2012. In 2011, there were 238 completed mergers and in 2010, 197 consolidations were consummated.
Last year, Illinois and Michigan posted the highest number of completed mergers at 18 apiece, followed by California (16), Texas (14), Georgia (11), Pennsylvania (11), Wisconsin (11), Iowa (10) and Ohio (10).
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