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Calendar Year

2014 in US Banking

927 bank events are on record for 2014: 18 failures, 704 mergers or acquisitions involving a bank, credit union or bank holding company, and 205 enforcement actions.

18
Failures
$2.91B in failed assets
704
Mergers
Federal Reserve NIC, banking organizations
205
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 2014 · Bank mergers 2014

How many banks failed in 2014?

18 banks failed in 2014, with $2.91B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Dec 19, 2014 Northern Star Bank Mankato, MN $18.8M Bankvista
Nov 7, 2014 Frontier Bank, FSB Palm Desert, CA $80.7M Bank of Southern California, N.A.
Oct 24, 2014 The National Republic Bank of Chicago Chicago, IL $843.1M State Bank of Texas
Oct 17, 2014 NBRS Financial Bank Rising Sun, MD $155.4M Howard Bank
Jul 25, 2014 Greenchoice Bank, FSB Chicago, IL $70.3M Providence Bank, LLC
Jul 18, 2014 Eastside Commercial Bank Conyers, GA $173.9M Community & Southern Bank
Jun 27, 2014 The Freedom State Bank Freedom, OK $22.8M Alva State Bank & Trust Company
Jun 20, 2014 Valley Bank Moline, IL $456.4M Great Southern Bank
Jun 20, 2014 Valley Bank Fort Lauderdale, FL $81.8M Landmark Bank, N.A.
May 30, 2014 Slavie Federal Savings Bank Bel Air, MD $140.1M Bay Bank, FSB
May 23, 2014 Columbia Savings Bank Cincinnati, OH $36.5M United Fidelity Bank, FSB
May 16, 2014 Aztecamerica Bank Berwyn, IL $66.3M Republic Bank of Chicago
Apr 25, 2014 Allendale County Bank Fairfax, SC $49.5M Palmetto State Bank
Feb 28, 2014 Millennium Bank, N.A. Sterling, VA $130.3M Washingtonfirst Bank
Feb 28, 2014 Vantage Point Bank Horsham, PA $63.5M First Choice Bank
Jan 31, 2014 Syringa Bank Boise, ID $153.4M Sunwest Bank
Jan 24, 2014 The Bank of Union El Reno, OK $317.2M BancFirst
Jan 17, 2014 Dupage National Bank West Chicago, IL $53.5M Republic Bank of Chicago

Which banks merged in 2014?

704 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2014.

See the fuller list: Bank mergers 2014 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 30, 2014 Decatur State Bank AR Grand Savings Bank
Dec 30, 2014 Peterson Holding Company AR Chambers Bank
Dec 29, 2014 1st City Credit Union MO Alliance Credit Union
Dec 27, 2014 First Security Business Bank CA CalPrivate Bank
Dec 23, 2014 Peoples Security Bancorp, Inc. KY Citizens National Corporation
Dec 23, 2014 Peoples Security Bank KY Citizens Bank of Kentucky, Inc
Dec 21, 2014 Central Star Credit Union KS Golden Plains Credit Union
Dec 18, 2014 Omniamerican Bancorp, Inc. TX Southside Bancshares, Inc.
Dec 18, 2014 OmniAmerican Bank TX Southside Bank
Dec 16, 2014 United Group Banking Company of Florida, Inc. FL National Commerce Corporation
Dec 15, 2014 Saint Cecilia Parish Credit Union MO St. Louis Community Credit Union
Dec 13, 2014 The Bank of Bolivar County MS Uplift Bank
Dec 13, 2014 Mercantile Investments Inc DE Mercantile Bank
Dec 13, 2014 Bolivar Banking Corporation MS Uplift Financial Development Corporation
Dec 13, 2014 (unnamed) — OMB Bank
Dec 6, 2014 The Peninsula Bank of Ishpeming MI mBank
Dec 6, 2014 Bank of Coral Gables FL First American Bank
Dec 6, 2014 Riverside Bank NY Salisbury Bank and Trust Company
Dec 6, 2014 Peninsula Financial Corporation MI Mackinac Financial Corporation
Dec 6, 2014 Security Bancorp, Inc. IL Midwest Community Bancshares, Inc.
Dec 6, 2014 Herrin Security Bank IL First Southern Bank
Dec 6, 2014 Peoples Bank of the Ozarks MO Southern Bank
Dec 6, 2014 Great Lakes Bank, National Association IL First Midwest Bank
Dec 3, 2014 Great Lakes Financial Resources, Inc. IL First Midwest Bancorp, Inc.
Dec 1, 2014 Bailey Controls Federal Credit Union OH Best Reward Federal Credit Union
Dec 1, 2014 1st Enterprise Bank CA California United Bank
Dec 1, 2014 Harbor National Bank SC Bank of North Carolina
Dec 1, 2014 Harbor Bank Group, Inc. SC BNC Bancorp
Dec 1, 2014 Shoreline Credit Union AL Alabama Credit Union
Dec 1, 2014 Zion Federal Credit Union PA American Heritage Federal Credit Union
Dec 1, 2014 Central Washington Federal Credit Union WA Gesa Credit Union
Dec 1, 2014 Interstate Federal Credit Union CA Credit Union of Southern California, a Federal Credit Union
Dec 1, 2014 Hanover Federal Credit Union NC Piedmont Advantage Credit Union
Dec 1, 2014 Labor Department Credit Union NE Nebraska State Employees Credit Union
Dec 1, 2014 Patriots Federal Credit Union CA Southland Credit Union
Dec 1, 2014 C P T Credit Union IL Alero Financial Credit Union
Dec 1, 2014 Portland Maine Police Department Federal Credit Union ME Truchoice Federal Credit Union
Dec 1, 2014 D C Credit Union CO Community Choice Credit Union
Dec 1, 2014 Dallas I H C Federal Credit Union TX Texas Telcom Credit Union
Dec 1, 2014 Stephens Federal Bank GA Oconee Federal Savings and Loan Association
Dec 1, 2014 Big Thompson Federal Credit Union CO Foothills Credit Union
Dec 1, 2014 Ase Federal Credit Union MD Five Star of Maryland Federal Credit Union
Nov 30, 2014 Blue Spruce Federal Credit Union CO On Tap Credit Union
Nov 26, 2014 Ne Blue Cross Employees Federal Credit Union PA Ufcw Community Federal Credit Union
Nov 22, 2014 Citizens State Bank IA Availa Bank
Nov 21, 2014 Virginia Gas Credit Union VA Truenergy Federal Credit Union
Nov 15, 2014 The Ohio State Bank OH The Union Bank Company
Nov 15, 2014 Jbi Financial Corporation LA Catahoula Holding Company
Nov 15, 2014 Citizens State Bank TX First Bank & Trust
Nov 15, 2014 Memphis State Bank TX First Bank & Trust

The list holds 500 of the 704 mergers recorded for 2014.

Enforcement Actions in 2014

Action date Agency Institution Action
Dec 17, 2014 OCC SCB Bank Prohibition/Removal Orders: Collier, Randy
Dec 17, 2014 OCC First National Bank PLC Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank
Dec 17, 2014 OCC SCB Bank C&D or PC&D Requiring Restitution: Collier, Randy
Dec 8, 2014 FRB Regions Bank Section 19 Letters: Howayda Hamdan
Dec 8, 2014 OCC The First National Bank of Niagara Civil Money Penalty (CMP): Gunville, Robert
Dec 2, 2014 FRB Ally Bank Section 19 Letters: Jube J. Wilson
Dec 1, 2014 OCC Lake National Bank Civil Money Penalty (CMP): Lake National Bank
Nov 26, 2014
Released Dec 4, 2014		 FRB Tennessee State Bank Civil Money Penalty, $22,155: Tennessee State Bank, Pigeon Forge, Tennessee
Nov 20, 2014 OCC Manhattan Bancorp Formal Agreement: Bank of Manhattan, National Association
Nov 19, 2014 OCC First Scottsdale Bank, N.A. Formal Agreement: First Scottsdale Bank, National Association
Nov 18, 2014 OCC Hometown National Bank C&D or PC&D Requiring Restitution: Widmer, William J.
Nov 18, 2014 OCC Solera National Bank Formal Agreement: Solera National Bank
Nov 18, 2014 OCC Hometown National Bank Prohibition/Removal Orders: Widmer, William J.
Nov 17, 2014 OCC F&M Bank and Trust Company Civil Money Penalty (CMP): Plowman, B. Stevens
Nov 13, 2014 FRB Marshall Bank, N.A. Section 19 Letters: Aaron David Jones
Nov 12, 2014 OCC First National Bank Prohibition/Removal Orders: Fleming, Alan Robert
Nov 11, 2014 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
Nov 11, 2014 OCC Citibank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citibank, National Association
Nov 11, 2014 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
Nov 11, 2014 OCC JPMorgan Chase Bank, N.A. Civil Money Penalty (CMP): JPMorgan Chase Bank, National Association
Nov 11, 2014 OCC Citibank, N.A. Civil Money Penalty (CMP): Citibank, National Association
Nov 11, 2014 OCC Bank of America, N.A. Civil Money Penalty (CMP): Bank of America, National Association
Nov 6, 2014
Released Nov 13, 2014		 FRB Pointbank Civil Money Penalty, $8,810: PointBank, Pilot Point, Texas
Nov 6, 2014 OCC Certusbank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Certusbank, National Association
Nov 6, 2014 OCC Capital One Bank (USA), N.A. Civil Money Penalty (CMP): Capital One Bank (USA), National Association
Nov 6, 2014 OCC Capital One, N.A. Civil Money Penalty (CMP): Capital One, National Association
Oct 29, 2014 OCC American Bank Notice of Charges: Plack, James
Oct 27, 2014
Released Oct 28, 2014		 FRB Bank of Texas Civil Money Penalty, $8,000: Bank of Texas, Midland, Texas
Oct 22, 2014 FRB Bank of Clark County Section 19 Letters: Laura H. Lloyd
Oct 22, 2014
Released Oct 28, 2014		 FRB (individual) Civil Money Penalty, $6,395: Centennial Bank, Lubbock, Texas
Oct 21, 2014 OCC Polonia Bancorp, Inc Formal Agreement: Polonia Bank
Oct 16, 2014 OCC Gibraltar Private Bank & Trust Co. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gibraltar Private Bank & Trust Co.
Oct 16, 2014 OCC Inter National Bank C&D or PC&D Requiring Restitution: Myska, Ginger
Oct 16, 2014 OCC Inter National Bank Civil Money Penalty (CMP): Myska, Ginger
Oct 16, 2014 OCC Inter National Bank Prohibition/Removal Orders: Myska, Ginger
Oct 16, 2014 OCC Inter National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Myska, Ginger
Oct 15, 2014 FRB Pierce Commercial Bank Section 19 Letters: Angel Young
Oct 8, 2014 OCC Fort Lee Federal Savings Bank, FSB Notice of Charges: Kostakopoulos, Yasemin
Oct 8, 2014 OCC Fort Lee Federal Savings Bank, FSB Notice of Charges: Kostakopoulos, Haralambos S.
Oct 7, 2014 OCC Malvern Federal Savings Bank Formal Agreement: Malvern Federal Savings Bank
Oct 6, 2014 OCC PNC Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): PNC Bank, National Association
Oct 6, 2014 OCC PNC Bank, N.A. Civil Money Penalty (CMP): PNC Bank, National Association
Oct 6, 2014 OCC PNC Bank, N.A. C&D or PC&D Requiring Restitution: PNC Bank, National Association
Oct 3, 2014 OCC Colorado Federal Savings Bank Formal Agreement: Colorado Federal Savings Bank
Oct 2, 2014
Released Oct 7, 2014		 FRB Fayette County Bank Prompt Corrective Action: Fayette County Bank, St. Elmo, Illinois
Oct 2, 2014 FRB Union First Market Bank Section 19 Letters: Lauren C. Brown
Oct 1, 2014 OCC Helena National Bank Civil Money Penalty (CMP): Helena National Bank
Sep 26, 2014 OCC Trustmark National Bank Prohibition/Removal Orders: Hernandez, Jesus
Sep 24, 2014 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
Sep 24, 2014 OCC U.S. Bank N.A. Civil Money Penalty (CMP): U.S. Bank National Association

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