Skip to content
FIXnotes

Banks that inherited the largest distressed loan portfolios via recent acquisitions

Active banks that absorbed another institution in the last 24 months, ranked by the inherited nonperforming loan volume from the acquired bank's final call report. An acquirer inherits the seller's full portfolio — including loans outside the acquirer's underwriting box, which often surface as forced NPL sales within 12-24 months of close.

Q2 202650 institutions
Over the 24-month period through Q2 2026, 50 bank acquisitions closed in the U.S. The top three by inherited loan volume were CAPITAL ONE NATIONAL ASSN (VA), which acquired Discover Bank in DE; SANTANDER BANK N A (DE), which acquired Webster Bank, National Association; and HUNTINGTON NATIONAL BANK (OH), which acquired Cadence Bank.
Recent Acquirers
Sorted by Inherited NPL Volume ↓
Export CSV (Mastermind)
RankInstitutionSourceStateInherited NPL VolumeTrend
1CAPITAL ONE NATIONAL ASSN← Discover Bank · May 2025BANKVA$2.2B
2SANTANDER BANK N A← Webster Bank, National Association · Aug 2026BANKDE$442M
3HUNTINGTON NATIONAL BANK← Cadence Bank · Feb 2026BANKOH$368M
4PINNACLE BANK← Synovus Bank · Jan 2026BANKTN$261M
5FIFTH THIRD BANK NA← Comerica Bank · Feb 2026BANKOH$257M
6UMB BANK NATIONAL ASSN← HTLF Bank · Feb 2025BANKMO$117M
7ATLANTIC UNION BANK← Sandy Spring Bank · Apr 2025BANKVA$115M
8HUNTINGTON NATIONAL BANK← Veritex Community Bank · Oct 2025BANKOH$113M
9PNC BANK NATIONAL ASSN← FirstBank · Jun 2026BANKDE$112M
10OLD NATIONAL BANK← Bremer Bank, National Association · May 2025BANKIN$98M
40 more institutions match this list. Unlock metric values for every row and column sort with membership.
Unlock with membership
See 40 more →
RankInstitutionSourceStateInherited NPL VolumeTrend
11WESBANCO BANK INC← Premier Bank · Feb 2025BANKWV████████
12MECHANICS BANK← HomeStreet Bank · Sep 2025BANKCA████████
13EASTERN BANK← HarborOne Bank · Nov 2025BANKMA████████
14PROSPERITY BANK← Stellar Bank · Jul 2026BANKTX████████
15OCEANFIRST BANK NA← Flushing Bank · Jun 2026BANKNJ████████
16BUSEY BANK← CrossFirst Bank · Jun 2025BANKIL████████
17SOUTHSTATE BANK NA← Independent Bank · Jan 2025BANKFL████████
18BANKESB← Bankhometown · Aug 2026BANKMA████████
19SUNFLOWER BANK NATIONAL ASSN← First Foundation Bank · Apr 2026BANKTX████████
20NEEDHAM BANK← BankProv · Nov 2025BANKMA████████
21NICOLET NATIONAL BANK← MidWestOne Bank · Feb 2026BANKWI████████
22BEACON BANK&TRUST← Berkshire Bank · Sep 2025BANKMA████████
23RENASANT BANK← The First Bank · Apr 2025BANKMS████████
24NBT BANK NATIONAL ASSN← Evans Bank, National Association · May 2025BANKNY████████
25COLUMBIA BANK← Pacific Premier Bank, National Association · Sep 2025BANKOR████████
26ASSOCIATED BANK NA← American National Bank · Apr 2026BANKWI████████
27COLUMBIA BANK← Northfield Bank · Jul 2026BANKNJ████████
28ROCKLAND TRUST CO← Enterprise Bank and Trust Company · Jul 2025BANKMA████████
29BURKE&HERBERT BANK&TRUST CO← LINKBANK · May 2026BANKVA████████
30TOWNEBANK← Dogwood State Bank · Jan 2026BANKVA████████
31ANCHOR BANK← Community Bank and Trust - West Georgia · May 2026BANKFL████████
32CAPITAL BANK NATIONAL ASSN← West Town Bank & Trust · Oct 2024BANKMD████████
33FARMERS NB OF CANFIELD← The Middlefield Banking Company · Mar 2026BANKOH████████
34GLACIER BANK← Guaranty Bank & Trust, N.A. · Oct 2025BANKMT████████
35FIRST MERCHANTS BANK← First Savings Bank · Feb 2026BANKIN████████
36BANKESB← TruNorth Bank · Aug 2026BANKMA████████
37FORESIGHT BANK← Northwest Bank of Rockford · May 2025BANKIL████████
38FULTON BANK NATIONAL ASSN← Blue Foundry Bank · Jul 2026BANKPA████████
39BEACON BANK&TRUST← PCSB Bank · Sep 2025BANKMA████████
40FIRST FINANCIAL BANK← BankFinancial, National Association · Jan 2026BANKOH████████
41FIRST MID B&T NA← Two Rivers Bank & Trust · Jun 2026BANKIL████████
42CHOICEONE BANK← The State Bank · Mar 2025BANKMI████████
43FIRSTBANK← Southern States Bank · Jul 2025BANKTN████████
44NBH BANK← Vista Bank · Jan 2026BANKCO████████
45EVERBANK NATIONAL ASSN← Sterling Bank and Trust, FSB · Apr 2025BANKFL████████
46NORTHWEST BANK← Jersey Shore State Bank · Jul 2025BANKPA████████
47ION BANK← NVE Bank · Apr 2025BANKCT████████
48GERMAN AMERICAN BANK← Heartland Bank · Feb 2025BANKIN████████
49EQUITY BANK← NBC OKLAHOMA · Jul 2025BANKKS████████
501ST SECURITY BANK OF WA← Pacific West Bank · Aug 2026BANKWA████████

Methodology

This card ranks active banks that absorbed another institution within the last 24 months (lookback window: 24 months from the most recent FDIC closures sweep) by the inherited nonperforming loan volume — the acquired bank's last reported nonperforming loan dollar figure prior to close (FDIC Call Report, nonperforming volume = sum of 90+ days past due and nonaccrual balances). The closure data comes from FDIC BankFind /banks/institutions (ACTIVE=0 with ENDEFYMD in the window); closure types include mergers (FDIC change codes 220-229), voluntary liquidations (230-249), and failures (410-419). Acquirer linkage is resolved via NEWCERT (immediate successor) and ULTCERT (ultimate holding successor). An acquirer inherits the seller's full loan portfolio at close — including loans that fall outside the acquirer's own underwriting box. Within 12-24 months, those inherited loans often surface as forced NPL sales as the acquirer rationalizes the book. Ranking by inherited nonperforming volume surfaces the acquirers most likely to liquidate distressed inventory in the near term.

Learn more about Recent Acquirers →