The NCUA approved mergers in the third quarter totaled 53, slightly higher than the 46 consolidations in the second quarter but just one merger less than the first quarter of 2016 when 54 mergers were given the nod by the federal agency.
The total number of 153 approved mergers in the nine months of 2016 is down from the 178 consolidations approved at the end of three quarters last year and 192 approved mergers from January to September in 2014.
During the third quarter of this year, the mergers occurred in 27 states. Pennsylvania posted the most approved mergers at 11, followed by California and New York with four each. Ohio had three mergers while Connecticut, Indiana and Illinois each had two mergers.
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