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 |
|---|---|---|---|
| Feb 28, 2013 | OCC | PNC Bank, N.A. | C&D or PC&D Requiring Restitution: PNC Bank, National Association |
| Feb 28, 2013 | OCC | Metlife Bank, N.A. | C&D or PC&D Requiring Restitution: Metlife Bank, National Association |
| Feb 28, 2013 | OCC | JPMorgan Chase Bank, N.A. | C&D or PC&D Requiring Restitution: JPMorgan Chase Bank, National Association |
| Feb 28, 2013 | OCC | Citibank, N.A. | C&D or PC&D Requiring Restitution: Citibank, National Association |
| Feb 28, 2013 | OCC | Bank of America, N.A. | C&D or PC&D Requiring Restitution: Bank of America, National Association |
| Feb 28, 2013 | FRB | Emc Mortgage LLC | Amendment to 4/13/2011 Order to Cease and Desist: JPMORGAN CHASE & CO.New York, New … |
| Feb 28, 2013 | FRB | Suntrust Mortgage, Inc. | Amendment to 4/13/2011 Order to Cease and Desist: SUNTRUST BANKS, INC. Atlanta, Georgia SUNTRUST … |
| Feb 28, 2013 | FRB | The PNC Financial Services Group, Inc. | Amendment to 4/13/2011 Order to Cease and Desist: THE PNC FINANCIAL SERVICES GROUP, INC.Pittsburgh, … |
| Feb 28, 2013 | FRB | Wells Fargo & Company | Amendment to 4/13/2011 Order to Cease and Desist: Wells Fargo & Company, San Francisco, … |
| Feb 28, 2013 | FRB | Morgan Stanley | Amendment to 4/2/2012 Order to Cease and Desist: MORGAN STANLEY, New York, New York |
| Feb 28, 2013 | FRB | The Goldman Sachs Group, Inc. | Amendment to 9/1/2011 Order to Cease and Desist: THE GOLDMAN SACHS GROUP, INC.New York, … |
| Feb 28, 2013 | FRB | Bank of America Corporation | Amendment to 4/13/2011 Order to Cease and Desist: BANK OF AMERICA CORPORATION, Charlotte, North … |
| Feb 28, 2013 | FRB | Citigroup Inc. | Amendment to 4/13/2011 Order to Cease and Desist: Citigroup, Inc., New York, New York … |
| Feb 28, 2013 | FRB | HSBC North America Holdings Inc. | Amendment to 4/13/2011 Order to Cease and Desist: HSBC NORTH AMERICA HOLDINGS, INC., New … |
| Feb 27, 2013 | OCC | Bank of the Lakes, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank of The Lakes, National Association |
| Feb 25, 2013 | FRB | Comerica Bank | Section 19 Letters: Tracey Mclnchak |
| Feb 25, 2013 | FRB | Comerica Bank | Section 19 Letters: Tanaya Green |
| Feb 25, 2013 | OCC | Perpetual Federal Savings Bank | Civil Money Penalty (CMP): Perpetual FSB |
| Feb 21, 2013 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Liberty Savings Bank, FSB |
| Feb 21, 2013 | OCC | Advance Bank | Formal Agreement: Advance Bank |
| Feb 11, 2013 | FRB | (individual) | Section 19 Letters: Laura Musco |
| Feb 11, 2013 | OCC | Seacoast National Bank | Civil Money Penalty (CMP): Seacoast National Bank |
| Feb 5, 2013 Released Feb 12, 2013 | FRB | Commonwealth Savingshares Corporation | Written Agreement: Commonwealth Savingshares Corporation, Huntsville, Alabama |
| Feb 4, 2013 | FRB | Regions Bank | Section 19 Letters: Cecelia L. W. Boyd |
| Feb 1, 2013 | OCC | North American Savings Bank, FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): North American SB, FSB |
| Jan 29, 2013 | FRB | Regions Bank | Section 19 Letters: Ashley L. Henderson |
| Jan 29, 2013 Released Feb 7, 2013 | FRB | Countricorp | Written Agreement: Countricorp, White Sulphur Springs, Montana |
| Jan 25, 2013 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Morrill, Robert A. |
| Jan 25, 2013 | OCC | TCF National Bank | Civil Money Penalty (CMP): TCF National Bank |
| Jan 22, 2013 | OCC | Smartbiz Bank, N.A. | C&D or PC&D Requiring Restitution: Ybarra, Ruben |
| Jan 22, 2013 | OCC | Smartbiz Bank, N.A. | Prohibition/Removal Orders: Ybarra, Ruben |
| Jan 22, 2013 | OCC | Community Savings | Formal Agreement: Community Savings |
| Jan 17, 2013 | FRB | One World Bank | Section 19 Letters: Yuhanna Sherriff |
| Jan 14, 2013 | FRB | JPMorgan Chase & Co. | Cease and Desist Order: JPMorgan Chase & Co., New York, New York |
| Jan 14, 2013 | OCC | Chase Bank USA, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Chase Bank USA, National Association |
| Jan 14, 2013 | OCC | JPMorgan Bank and Trust Company, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): JPMorgan Bank and Trust Company, National … |
| Jan 14, 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 |
| Jan 14, 2013 | OCC | Mission Oaks Bancorp | Civil Money Penalty (CMP): Votapka, Gary W. |
| Jan 11, 2013 Released Jan 17, 2013 | FRB | The Commercial and Savings Bank of Millersburg, Ohio | Civil Money Penalty, $3,410: THE COMMERCIAL & SAVINGS BANK, Millersburg, Ohio |
| Jan 9, 2013 | FRB | BMO Bank N.A. | Section 19 Letters: Elizabeth T. Warfford |
| Jan 9, 2013 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Bonnie Erdmann Williams |
| Jan 9, 2013 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Jerome Mack |
| Jan 9, 2013 | OCC | The Baraboo National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Baraboo National Bank |
| Jan 8, 2013 | OCC | Commonwealth Bancshares, Inc. | Formal Agreement: Commonwealth Bank, FSB |
| Jan 4, 2013 | OCC | Security Bank, N.A. | Civil Money Penalty (CMP): Aronson, Mitchell |
| Jan 3, 2013 | FRB | Regions Bank | Section 19 Letters: Crystal C. Thomas. |
| Jan 3, 2013 | FRB | Regions Bank | Section 19 Letters: Amber Webb |
| Jan 3, 2013 | OCC | Security Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Diez, Robert |
| Jan 3, 2013 | FRB | Regions Bank | Section 19 Letters: Omeshia K. Pettaway |
| Jan 2, 2013 | OCC | Security Bank, N.A. | Civil Money Penalty (CMP): Harper, Floyd |
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