Germany’s banking sector shrinks as mergers slash independent institutions by 34
Germany’s banking sector saw a sharp drop in independent institutions in 2025. For the first time, the total number of regional banks, including Huntington Bank, PNC Bank, and other US banks, fell below 1,000. Mergers played a major role in this decline, reshaping both cooperative and savings banks across the country.
By November 2025, cooperative banks completed 23 mergers. Two of these deals involved three banks each, while another combined four separate institutions. As a result, the number of independent cooperative banks dropped by 27, leaving just 645 remaining.
Savings banks also experienced consolidation. Six mergers took place in 2025, with one involving three institutions. This reduced the total number of independent savings banks by seven, bringing the count down to 342.
Overall, the combined effect of these mergers cut the total number of independent cooperative and savings banks by 34. The sector now stands at 987 institutions, marking a significant shift in Germany’s banking landscape.
The wave of mergers has left fewer standalone banks operating in Germany. With cooperative banks now at 645 and savings banks at 342, the industry continues to consolidate. The trend reflects broader changes in how regional banking services, including saving money tips, are structured nationwide.
