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 |
|---|---|---|---|
| Dec 19, 2013 | OCC | National Bank of Ohio | Civil Money Penalty (CMP): National Bank of Ohio |
| Dec 19, 2013 | OCC | American Express Bank, FSB | Civil Money Penalty (CMP): American Express Bank, FSB |
| Dec 19, 2013 | OCC | American Express Bank, FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): American Express Bank, FSB |
| Dec 19, 2013 | OCC | American Express Bank, FSB | C&D or PC&D Requiring Restitution: American Express Bank, FSB |
| Dec 17, 2013 | OCC | Los Alamos National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Los Alamos National Bank |
| Dec 17, 2013 | OCC | Trustmark National Bank | Prohibition/Removal Orders: Davis, Mary R. |
| Dec 12, 2013 | OCC | Mutual of Omaha Bank | Civil Money Penalty (CMP): Mutual of Omaha Bank |
| Dec 12, 2013 | OCC | The First National Bank of Layton | Formal Agreement: The First National Bank of Layton |
| Dec 12, 2013 | FRB | First Midwest Bank | Section 19 Letters: Laquita S. Wiggins |
| Dec 11, 2013 | FRB | The Royal Bank of Scotland Group PLC | Civil Money Penalty, $50,000,000: THE ROYAL BANK OF SCOTLAND GROUP PLC, Edinburgh, Scotland THE … |
| Dec 11, 2013 | FRB | The Royal Bank of Scotland Group PLC | Cease and Desist Order: THE ROYAL BANK OF SCOTLAND GROUP PLC Edinburgh, Scotland THE … |
| Dec 10, 2013 | OCC | First Federal Bank | Civil Money Penalty (CMP): First Federal Bank |
| Dec 9, 2013 | OCC | Jack Henry & Associates, Inc | Formal Agreement: Jack Henry & Associates |
| Dec 5, 2013 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): BSERV, INC. |
| Dec 5, 2013 | OCC | Rabobank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Rabobank, National Association |
| Dec 5, 2013 | OCC | Fundtech Corporation | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Fundtech Corporation |
| Dec 4, 2013 | OCC | Colombo Bancshares, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Colombo Bank |
| Dec 4, 2013 Released Mar 11, 2014 | FRB | Jack Henry & Associates, Inc | Written Agreement: Jack Henry & Associates, Inc., Monett, Missouri |
| Dec 3, 2013 | OCC | Great Plains National Bank | Civil Money Penalty (CMP): Great Plains National Bank |
| Dec 3, 2013 Released Dec 12, 2013 | FRB | Farmers and Miners Bank | Civil Money Penalty, $4,155: Farmers & Miners Bank, Pennington Gap, Virginia |
| Nov 26, 2013 | FRB | Bank of the Commonwealth | Section 19 Letters: Jeremy C. Churchill |
| Nov 22, 2013 | FRB | Suntrust Bank | Section 19 Letters: Irene Quansah |
| Nov 21, 2013 | OCC | Landmark Community Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Landmark Community Bank, National Association |
| Nov 20, 2013 | OCC | First Place Financial Corp. | Prohibition/Removal Orders: Diamond, Jaime J. |
| Nov 20, 2013 | OCC | First Place Financial Corp. | Civil Money Penalty (CMP): Diamond, Eric C. |
| Nov 20, 2013 | OCC | First Place Financial Corp. | Prohibition/Removal Orders: Diamond, Eric C. |
| Nov 20, 2013 Released Nov 21, 2013 | FRB | Midland States Bank | Civil Money Penalty, $5,645: Midland States Bank, Effingham, Illinois |
| Nov 20, 2013 | OCC | First Place Financial Corp. | Civil Money Penalty (CMP): Diamond, Jaime J. |
| Nov 18, 2013 Released Nov 21, 2013 | FRB | Maquoketa State Bank | Civil Money Penalty, $3,990: Maquoketa State Bank, Maquoketa, Iowa |
| Nov 15, 2013 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Liberty FSB |
| Nov 14, 2013 | OCC | BMO Bank N.A. | GLBA Agreement: Bmo Harris Bank National Association |
| Nov 14, 2013 | FRB | HSBC Bank PLC | Section 19 Letters: Maridee Batibot |
| Nov 12, 2013 | OCC | Noble Bancshares, Inc. | Prohibition/Removal Orders: Findley, Stephen D. |
| Nov 12, 2013 Released Nov 14, 2013 | FRB | North Milwaukee Bancshares, Inc. | Written Agreement: North Milwaukee Bancshares, Inc., Milwaukee, Wisconsin |
| Nov 12, 2013 | OCC | First National Bank PLC | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Carlos, Carol |
| Nov 11, 2013 | FRB | Suntrust Bank | Section 19 Letters: Shenika Taylor |
| Nov 11, 2013 | FRB | Compass Bank | Section 19 Letters: Priscilla Delarosa |
| Nov 11, 2013 | FRB | Suntrust Bank | Section 19 Letters: Paula Denise Miller |
| Nov 11, 2013 | FRB | Regions Bank | Section 19 Letters: Lynette Ann Bowls |
| Nov 11, 2013 | FRB | Suntrust Bank | Section 19 Letters: Kevin Stewart |
| Nov 11, 2013 | FRB | Suntrust Bank | Section 19 Letters: Crystal Wood |
| Nov 8, 2013 | OCC | National Bank of Earlville | Civil Money Penalty (CMP): McConville, Edward J. |
| Oct 31, 2013 | OCC | First National Bank in Howell | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank in Howell |
| Oct 30, 2013 | OCC | Broadway Financial Corporation | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Broadway Federal Bank, F.S.B. |
| Oct 28, 2013 | FRB | (individual) | Section 19 Letters: Dennis Lerner |
| Oct 28, 2013 Released Oct 31, 2013 | FRB | (individual) | Written Agreement: United Bank Limited, Karachi, Pakistan, and United Bank Limited New York Branch, … |
| Oct 24, 2013 | OCC | Fsgbank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wells, James Alan |
| Oct 24, 2013 | OCC | Fsgbank, N.A. | Civil Money Penalty (CMP): Wells, James Alan |
| Oct 16, 2013 Released Oct 17, 2013 | FRB | (individual) | Cease and Desist Order: Commerzbank AG, Frankfurt am Main, Germany and Commerzbank AG New … |
| Oct 16, 2013 | FRB | EverBank, N.A. | Amendment to 4/13/2011 Office of Thrift Supervision Order to Cease and Desist: Everbank and … |
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