Calendar Year
2013 in US Banking
928 bank events are on record for 2013: 24 failures, 646 mergers or acquisitions involving a bank, credit union or bank holding company, and 258 enforcement actions.
24
Failures
$6.04B in failed assets
646
Mergers
Federal Reserve NIC, banking organizations
258
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 2013 · Bank mergers 2013
How many banks failed in 2013?
24 banks failed in 2013, with $6.04B in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Dec 13, 2013 | Texas Community Bank, N.A. | $159.3M |
| Oct 30, 2013 | Bank of Jackson County | $24.7M |
| Sep 13, 2013 | First National Bank | $3.09B |
| Sep 13, 2013 | The Community's Bank | $26.4M |
| Aug 23, 2013 | Community South Bank | $386.9M |
| Aug 23, 2013 | Sunrise Bank of Arizona | $202.2M |
| Aug 9, 2013 | Bank of Wausau | $43.6M |
| Aug 2, 2013 | First Community Bank of Southwest Florida | $247.3M |
| Jun 7, 2013 | Mountain National Bank | $437.3M |
| Jun 6, 2013 | 1st Commerce Bank | $20.2M |
| May 31, 2013 | Banks of Wisconsin | $134.0M |
| May 14, 2013 | Central Arizona Bank | $31.6M |
| May 10, 2013 | Sunrise Bank | $60.8M |
| May 10, 2013 | Pisgah Community Bank | $21.9M |
| Apr 26, 2013 | Douglas County Bank | $317.3M |
| Apr 26, 2013 | Parkway Bank | $109.6M |
| Apr 19, 2013 | Heritage Bank of North Florida | $104.0M |
| Apr 19, 2013 | First Federal Bank | $93.0M |
| Apr 19, 2013 | Chipola Community Bank | $37.5M |
| Apr 5, 2013 | Gold Canyon Bank | $42.1M |
| Mar 8, 2013 | Frontier Bank | $258.8M |
| Feb 15, 2013 | Covenant Bank | $58.4M |
| Jan 18, 2013 | 1st Regents Bank | $49.6M |
| Jan 11, 2013 | Westside Community Bank | $91.9M |
Which banks merged in 2013?
646 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2013.
See the fuller list: Bank mergers 2013 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Oct 1, 2013 | Merrill Lynch & Co., Inc. | Bank of America Corporation |
| Oct 1, 2013 | Macneill Employees Credit Union | Priority One Credit Union of Florida |
| Oct 1, 2013 | Commercial Bank of Minnesota | Security Bank Midwest |
| Oct 1, 2013 | Harper & Row Keystone Employees Federal Credit Union | Penn East Federal Credit Union |
| Oct 1, 2013 | Dakota Territory Federal Credit Union | Northern Hills Federal Credit Union |
| Oct 1, 2013 | United Workers Federal Credit Union | Operating Engineers Local Union #3 Federal Credit Union |
| Oct 1, 2013 | Citifinancial, INC.<OH> | Citifinancial Servicing LLC |
| Oct 1, 2013 | Security Savings Bank, SSB | NewBridge Bank |
| Oct 1, 2013 | W a G E Federal Credit Union | 4U Federal Credit Union |
| Oct 1, 2013 | Farrel Federal Credit Union | America's First Network Credit Union |
| Oct 1, 2013 | The Citizens State Bank of Cortez | Four Corners Community Bank |
| Oct 1, 2013 | River Bend Credit Union | 5 Star Community Credit Union |
| Oct 1, 2013 | Chicagoland Electrical Industry Credit Union | Great Lakes Credit Union |
| Oct 1, 2013 | NWS Federal Credit Union | 1st Advantage Federal Credit Union |
| Oct 1, 2013 | Genie-Watt Credit Union | Railway Credit Union |
| Oct 1, 2013 | Lima Ohio Postal Employees Federal Credit Union | Topmark Federal Credit Union |
| Oct 1, 2013 | Neo Federal Credit Union | Ttcu Federal Credit Union |
| Oct 1, 2013 | Fort Bragg Community Federal Credit Union | Community First Credit Union |
| Oct 1, 2013 | Usu Charter Federal Credit Union | Goldenwest Federal Credit Union |
| Oct 1, 2013 | Seaford Federal Credit Union | Del-One Federal Credit Union |
| Oct 1, 2013 | Payette River Community Credit Union | Clarity Credit Union |
| Oct 1, 2013 | Am Federal Credit Union | Skyone Federal Credit Union |
| Oct 1, 2013 | San Francisco B P R Federal Credit Union | San Francisco Federal Credit Union |
| Oct 1, 2013 | United Services Credit Union | Self-Help Credit Union |
| Oct 1, 2013 | The Colorado State Bank of Walsh | Frontier Bank |
| Oct 1, 2013 | Rome Credit Union | Community Choice Credit Union |
| Oct 1, 2013 | Northeast Oregon Federal Credit Union | Icon Credit Union |
| Oct 1, 2013 | Newspaper Employees Credit Union | American United Federal Credit Union |
| Oct 1, 2013 | Alameda Credit Union | Provident Credit Union |
| Oct 1, 2013 | Assurance Federal Credit Union | Argent Federal Credit Union |
| Oct 1, 2013 | Delta Wye Federal Credit Union | River Works Credit Union |
| Oct 1, 2013 | Middlesex Healthcare Federal Credit Union | Ellafi Federal Credit Union |
| Oct 1, 2013 | Covenant Federal Credit Union | Western Sun Federal Credit Union |
| Oct 1, 2013 | Azusa City Employees Federal Credit Union | Foothill Federal Credit Union |
| Oct 1, 2013 | Security One Federal Credit Union | Texas Trust Credit Union |
| Oct 1, 2013 | Asheville Postal Credit Union | Center Parc Credit Union |
| Oct 1, 2013 | Randolph Bank & Trust Company | Bank of North Carolina |
| Sep 30, 2013 | Portsmouth Police Credit Union | Northern Star Credit Union, Inc. |
| Sep 30, 2013 | Arc Credit Union | Christian Financial Credit Union |
| Sep 28, 2013 | The East Texas National Bank of Palestine | VeraBank, N.A. |
| Sep 27, 2013 | First Wewoka Bancorporation, Inc. | First Okmulgee Corporation |
| Sep 27, 2013 | Gilmore Bank | Grandpoint Bank |
| Sep 25, 2013 | Chickasha Bancshares, Inc. | B.O.E. Bancshares, Inc. |
| Sep 21, 2013 | The Business Bank | Bell Bank |
| Sep 21, 2013 | Regents Bank, N.A. | Grandpoint Bank |
| Sep 21, 2013 | Pacesetter Bank | Citizens State Bank of New Castle |
| Sep 14, 2013 | The First National Bank of Hico | McBank |
| Sep 14, 2013 | United American Agency, LLC | Dacotah Bank |
| Sep 14, 2013 | Farmers and Merchants Bank of Hill City | The Stockton National Bank |
| Sep 14, 2013 | Donnelly Bancshares, Inc. | Dacotah Banks, Inc. |
The list holds 500 of the 646 mergers recorded for 2013.
Enforcement Actions in 2013
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Apr 22, 2013 Released Apr 25, 2013 | FRB | Freedom Bancorporation, Inc. | Written Agreement: Freedom Bancorporation, Inc., Lindstrom, Minnesota |
| Apr 22, 2013 | OCC | Midwest Federal Savings and Loan Association of St Joseph | Formal Agreement: Midwest FS & LA of St Joseph |
| Apr 22, 2013 | OCC | First Insurance Group of the Midwest, Inc. | Civil Money Penalty (CMP): First Federal Bank of The Midwest |
| Apr 17, 2013 | FRB | Banco Industrial De Venezuela, C.A. | Section 19 Letters: Anthony Gomez |
| Apr 17, 2013 | OCC | Mid-Southern Savings Bank, F.S.B. | Formal Agreement: Mid-Southern Savings Bank, FSB |
| Apr 17, 2013 | FRB | Morgan Stanley | Section 19 Letters: Garth Peterson |
| Apr 16, 2013 Released May 15, 2018 | FRB | Oklahoma Capital Bank | Written Agreement: Oklahoma Capital Bank (formerly known as Freedom Bank of Oklahoma) |
| Apr 15, 2013 | OCC | Millennium Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Millennium Bank, National Association |
| Apr 15, 2013 | OCC | The First National Bank of Hartford | GLBA Agreement: The First National Bank of Hartford |
| Apr 12, 2013 Released Apr 18, 2013 | FRB | (individual) | Cease and Desist Order: Metropolitan Bank Group, Inc., Chicago, Illinois |
| Apr 11, 2013 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Pinard, Dean Z. |
| Apr 8, 2013 | OCC | The First National Bank of Niagara | Civil Money Penalty (CMP): Gunville, Robert |
| Apr 8, 2013 | OCC | The First National Bank of Niagara | Prohibition/Removal Orders: Gunville, Robert |
| Apr 8, 2013 | OCC | The First National Bank of Niagara | C&D or PC&D Requiring Restitution: Gunville, Robert |
| Apr 8, 2013 | OCC | The First National Bank of Niagara | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gunville, Robert |
| Apr 3, 2013 | FRB | (individual) | Section 19 Letters: Niaheem Crandall |
| Apr 2, 2013 | FRB | The Bank of Nova Scotia | Section 19 Letters: Wendie Brown |
| Mar 25, 2013 Released Apr 4, 2013 | FRB | HSH Nordbank Ag | Written Agreement: HSH Nordbank AG, Hamburg, Germany and HSH Nordbank AG, New York Branch, … |
| Mar 21, 2013 Released Mar 26, 2013 | FRB | Citigroup Inc. | Cease and Desist Order: Citigroup, Inc., New York, New York |
| Mar 20, 2013 | OCC | Lincoln Federal Savings Bank of Nebraska | Civil Money Penalty (CMP): Lincoln FSB of Nebraska |
| Mar 18, 2013 | OCC | Community First Bank | C&D or PC&D Requiring Restitution: Community First Bank |
| Mar 18, 2013 | OCC | The First National Bank of Waverly | Civil Money Penalty (CMP): The First National Bank of Waverly |
| Mar 18, 2013 | OCC | Community First Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Community First Bank |
| Mar 15, 2013 | OCC | Amarillo National Bank | Civil Money Penalty (CMP): Amarillo National Bank |
| Mar 13, 2013 | OCC | Western Springs National Bank and Trust | Civil Money Penalty (CMP): Miceli, Jerry F. |
| Mar 13, 2013 | OCC | Western Springs National Bank and Trust | C&D or PC&D Requiring Restitution: Regas, James A. |
| Mar 13, 2013 Released Mar 19, 2013 | FRB | Devon Bancorp, Inc. | Written Agreement: Devon Bancorp, Inc., Chicago, Illinois |
| Mar 13, 2013 | OCC | Western Springs National Bank and Trust | Civil Money Penalty (CMP): Regas, James A. |
| Mar 13, 2013 | OCC | Western Springs National Bank and Trust | Prohibition/Removal Orders: Regas, James A. |
| Mar 13, 2013 | OCC | Western Springs National Bank and Trust | Prohibition/Removal Orders: Miceli, Jerry F. |
| Mar 7, 2013 | OCC | Hometown Bank of the Hudson Valley | Formal Agreement: Hometown Bank of The Hudson Valley |
| Mar 1, 2013 | FRB | RBC Bank (USA) | Section 19 Letters: Matthew Skinner |
| Feb 28, 2013 | OCC | Aurora Bank FSB | C&D or PC&D Requiring Restitution: Aurora Bank FSB |
| Feb 28, 2013 | FRB | First National Bank of East Grand Forks | Amendment to 4/13/2011 Order to Cease and Desist: U.S. BANCORPMinneapolis, Minnesota |
| Feb 28, 2013 | OCC | GN Bank | Formal Agreement: Illinois-Service FS & LA |
| Feb 28, 2013 | OCC | Wells Fargo Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wells Fargo Bank, National Association |
| Feb 28, 2013 | OCC | U.S. Bank N.A. ND | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): U.S. Bank National Association ND |
| Feb 28, 2013 | OCC | U.S. Bank N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): U.S. Bank National Association |
| Feb 28, 2013 | OCC | Santander Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sovereign Bank, National Association |
| Feb 28, 2013 | OCC | PNC Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): PNC Bank, National Association |
| Feb 28, 2013 | OCC | Metlife Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Metlife Bank, National Association |
| Feb 28, 2013 | OCC | JPMorgan Chase Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): JPMorgan Chase Bank, National Association |
| Feb 28, 2013 | OCC | HSBC Bank USA, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): HSBC Bank USA, National Association |
| Feb 28, 2013 | OCC | Citibank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citibank, National Association |
| Feb 28, 2013 | OCC | Bank of America, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank of America, National Association |
| Feb 28, 2013 | OCC | Aurora Bank FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Aurora Bank FSB |
| Feb 28, 2013 | OCC | Wells Fargo Bank, N.A. | C&D or PC&D Requiring Restitution: Wells Fargo Bank, National Association |
| Feb 28, 2013 | OCC | U.S. Bank N.A. ND | C&D or PC&D Requiring Restitution: U.S. Bank National Association ND |
| Feb 28, 2013 | OCC | U.S. Bank N.A. | C&D or PC&D Requiring Restitution: U.S. Bank National Association |
| Feb 28, 2013 | OCC | Santander Bank, N.A. | C&D or PC&D Requiring Restitution: Sovereign Bank, National Association |
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