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US bank M&A deals that failed in 2024

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US bank M&A deals that failed in 2024

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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		 05/30/24 12/30/24 869.6 145.9
Investor Group led by
Blue Hill Advisors		 Territorial Savings
Bank		 09/12/24 09/30/24 2,165.40 110.4
Sunflower Bank HomeStreet Bank 01/16/24 11/18/24 9,455.20 255.2

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