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The six bank M&A deals that were terminated or rejected in 2024 had a combined target asset volume of more than $13 billion. The largest was Sunflower Bank’s intended purchase of HomeStreet Bank, which had an asset volume of more than $9 billion at announcement.
Scroll through to find out more about the deals that failed in 2024.
Source: S&P
Bank M&A deals that failed in 2024
Buyer
Target
Announcement date
Termination date
Target total assets ($M)
Deal value ($M)
M C Bank
Heritage NOLA Bank
07/06/23
06/14/24
183.6
26.6
LevelField Financial
Burling Bank
02/01/23
02/12/24
191.4
NA
First Southern Bank
Farmers Bank
07/21/23
07/17/24
379.4
NA
Atlanta Postal Credit Union
Substantially all assets and all liabilities of Affinity Bank
