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 | Assets |
|---|---|---|
| Dec 19, 2014 | Northern Star Bank | $18.8M |
| Nov 7, 2014 | Frontier Bank, FSB | $80.7M |
| Oct 24, 2014 | The National Republic Bank of Chicago | $843.1M |
| Oct 17, 2014 | NBRS Financial Bank | $155.4M |
| Jul 25, 2014 | Greenchoice Bank, FSB | $70.3M |
| Jul 18, 2014 | Eastside Commercial Bank | $173.9M |
| Jun 27, 2014 | The Freedom State Bank | $22.8M |
| Jun 20, 2014 | Valley Bank | $456.4M |
| Jun 20, 2014 | Valley Bank | $81.8M |
| May 30, 2014 | Slavie Federal Savings Bank | $140.1M |
| May 23, 2014 | Columbia Savings Bank | $36.5M |
| May 16, 2014 | Aztecamerica Bank | $66.3M |
| Apr 25, 2014 | Allendale County Bank | $49.5M |
| Feb 28, 2014 | Millennium Bank, N.A. | $130.3M |
| Feb 28, 2014 | Vantage Point Bank | $63.5M |
| Jan 31, 2014 | Syringa Bank | $153.4M |
| Jan 24, 2014 | The Bank of Union | $317.2M |
| Jan 17, 2014 | Dupage National Bank | $53.5M |
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 | Acquirer |
|---|---|---|
| Nov 15, 2014 | Atlantic Greyhound Federal Credit Union | Star USA Federal Credit Union |
| Nov 15, 2014 | First Bank | First Bank & Trust |
| Nov 15, 2014 | Community Bank | Northstar Bank |
| Nov 15, 2014 | The Citizens Bank of Ashville, Ohio | Vinton County National Bank |
| Nov 15, 2014 | Bank of Jena | CLB the Community Bank |
| Nov 15, 2014 | Virginia Company Bank | Evb |
| Nov 15, 2014 | Santa Clara Valley Bank, National Association | Bank of the Sierra |
| Nov 15, 2014 | Ohio State Bancshares, Inc. | United Bancshares, Inc. |
| Nov 8, 2014 | Pierce Federal Credit Union | Mountain Laurel Federal Credit Union |
| Nov 8, 2014 | AmBank | First American Bank |
| Nov 8, 2014 | Community Bancshares, Inc. | First Merchants Corporation |
| Nov 8, 2014 | Community Bank | First Merchants Bank |
| Nov 7, 2014 | United Central Bancshares, Inc. | South Central Bancshares of Kentucky, Inc. |
| Nov 6, 2014 | Chisholm Bancshares, Inc. | Red River Bancorp, Inc. |
| Nov 5, 2014 | Holy Comforter-Saint Cyprian's Federal Credit Union | Agriculture Federal Credit Union |
| Nov 4, 2014 | Sum Financial Corporation | WB&T Bankshares, Inc. |
| Nov 1, 2014 | Smpe Federal Credit Union | Meritus Federal Credit Union |
| Nov 1, 2014 | Aslin Group, Inc. | First Business Financial Services, Inc. |
| Nov 1, 2014 | Northwestern Bancorp | TCF Financial Corporation |
| Nov 1, 2014 | LSB Financial Corp. | Old National Bancorp |
| Nov 1, 2014 | Fedfirst Financial Corporation | CB Financial Services, Inc. |
| Nov 1, 2014 | CPB Bancshares, Inc. | Saint Martin Bancshares, Inc. |
| Nov 1, 2014 | Virginia Heritage Bank | EagleBank |
| Nov 1, 2014 | Woori Finance Holdings Co., Ltd. | Woori Bank |
| Nov 1, 2014 | 1st United Bank | Valley National Bank |
| Nov 1, 2014 | 1st United Bancorp, Inc. | Valley National Bancorp |
| Nov 1, 2014 | Intermountain Community Bancorp | Columbia Banking System, Inc. |
| Nov 1, 2014 | Ameritas Employees Credit Union | Membersown Credit Union |
| Nov 1, 2014 | Kent Bank | Solutions Bank |
| Nov 1, 2014 | Flossmoor Credit Union | Great Lakes Credit Union |
| Nov 1, 2014 | First Federal Savings Bank | Community Bank |
| Nov 1, 2014 | Omaha Burlington Employees Credit Union | U.P. Connection Federal Credit Union |
| Nov 1, 2014 | Kennametal Employees Federal Credit Union | Clearview Federal Credit Union |
| Nov 1, 2014 | Guardian Federal Credit Union | Abnb Federal Credit Union |
| Nov 1, 2014 | Northwestern Bank | Chemical Bank |
| Nov 1, 2014 | Darigold Federal Credit Union | Sound Credit Union |
| Nov 1, 2014 | Aloha Federal Credit Union | Hawaiiusa Federal Credit Union |
| Nov 1, 2014 | Church Point Bank and Trust Company | St. Martin Bank and Trust Company |
| Nov 1, 2014 | Augusta Seaboard Community Federal Credit Union | Augusta Metro Federal Credit Union |
| Nov 1, 2014 | Agc Credit Union | Horizon Credit Union |
| Nov 1, 2014 | Affinia Federal Credit Union | Heartland Federal Credit Union |
| Nov 1, 2014 | McCracken County Teachers Federal Credit Union | Signet Federal Credit Union |
| Nov 1, 2014 | C G Federal Credit Union | Bayou Community Federal Credit Union |
| Nov 1, 2014 | Winnebago County Schools Credit Union | Illinois State Credit Union |
| Nov 1, 2014 | Panhandle State Bank | Columbia State Bank |
| Nov 1, 2014 | Sugar Land Employees Federal Credit Union | Houston Federal Credit Union |
| Nov 1, 2014 | Georgia Coastal Federal Credit Union | Five Star Credit Union |
| Nov 1, 2014 | Lafayette Savings Bank, FSB | Old National Bank |
| Nov 1, 2014 | Wittenberg University Federal Credit Union | Ih Credit Union, Inc |
| Nov 1, 2014 | Santa Cruz County Employees Credit Union | Bay Federal Credit Union |
The list holds 500 of the 704 mergers recorded for 2014.
Enforcement Actions in 2014
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Sep 24, 2014 | OCC | U.S. Bank N.A. | C&D or PC&D Requiring Restitution: U.S. Bank National Association |
| Sep 23, 2014 | FRB | Comerica Bank | Section 19 Letters: Vy Nguyen |
| Sep 23, 2014 | FRB | Comerica Bank | Section 19 Letters: Janet Kassem Sobh |
| Sep 23, 2014 | FRB | Comerica Bank | Section 19 Letters: Rosalind Yvette Harrell |
| Sep 17, 2014 | OCC | Homestead Savings Bank | Formal Agreement: Homestead Savings Bank |
| Sep 14, 2014 Released Aug 24, 2017 | FRB | Santander Holdings USA, Inc. | Written Agreement: Santander Holdings USA, Inc., Boston, Massachusetts |
| Sep 10, 2014 | OCC | Wawel Bank | Civil Money Penalty (CMP): Ranzinger, Robert H. |
| Sep 9, 2014 | OCC | Security Bank, N.A. | Prohibition/Removal Orders: Serlo, Larry |
| Sep 9, 2014 Released Sep 11, 2014 | FRB | Portage Community Bank | Civil Money Penalty, $4,640: Portage Community Bank, Ravenna, Ohio |
| Sep 9, 2014 Released Sep 11, 2014 | FRB | Settlers Bank | Civil Money Penalty, $35,310: Settlers Bank, Marietta, Ohio |
| Sep 9, 2014 | OCC | Security Bank, N.A. | Civil Money Penalty (CMP): Serlo, Larry |
| Sep 9, 2014 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Brown, Vicki |
| Sep 4, 2014 Released Sep 9, 2014 | FRB | Lafayette Ambassador Bank | Cease and Desist Order: Fulton Financial Corporation, Lancaster, Pennsylvania, and Lafayette Ambassador Bank, Bethlehem, … |
| Aug 28, 2014 | FRB | Pierce Commercial Bank | Section 19 Letters: Tonya M. Ruf |
| Aug 28, 2014 | FRB | Pierce Commercial Bank | Section 19 Letters: Adam S. Voelker |
| Aug 28, 2014 | FRB | Pierce Commercial Bank | Section 19 Letters: Alice L. Barney |
| Aug 28, 2014 | FRB | Pierce Commercial Bank | Section 19 Letters: Jason L. Rick |
| Aug 28, 2014 | FRB | Pierce Commercial Bank | Section 19 Letters: Jeanette R. Salsi |
| Aug 28, 2014 | FRB | Pierce Commercial Bank | Section 19 Letters: Jill Reding |
| Aug 28, 2014 | FRB | Pierce Commercial Bank | Section 19 Letters: Katherine J. Friske |
| Aug 28, 2014 | FRB | Pierce Commercial Bank | Section 19 Letters: Shawn L. Portmann |
| Aug 28, 2014 | FRB | Pierce Commercial Bank | Section 19 Letters: Sonja L. Lightfoot |
| Aug 27, 2014 | OCC | National Bank of California | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): National Bank of California |
| Aug 20, 2014 | OCC | First National Bank | Prohibition/Removal Orders: McMath, Heys Edward |
| Aug 18, 2014 | OCC | The Hondo National Bank | Civil Money Penalty (CMP): The Hondo National Bank |
| Aug 12, 2014 Released Aug 14, 2014 | FRB | Bank of Gueydan | Written Agreement: Bank of Gueydan, Gueydan, Louisiana |
| Aug 1, 2014 Released Aug 5, 2014 | FRB | Ackley State Bank | Civil Money Penalty, $6,000: Ackley State Bank, Ackley, Iowa |
| Jul 30, 2014 | OCC | Security Bank, N.A. | Civil Money Penalty (CMP): Betancourt, Blas |
| Jul 29, 2014 Released Jul 31, 2014 | FRB | (individual) | Prompt Corrective Action: Premier Bank, Denver, Colorado |
| Jul 28, 2014 | OCC | First Federal Savings and Loan Association of Greensburg | Formal Agreement: First FS & LA of Greensburg |
| Jul 25, 2014 | FRB | Suntrust Bank | Civil Money Penalty, $160,000,000: SunTrust Banks, Inc., Atlanta, Georgia SunTrust Bank, Atlanta, Georgia SunTrust … |
| Jul 22, 2014 | OCC | Quontic Bank | Formal Agreement: Quontic Bank |
| Jul 17, 2014 Released Jul 22, 2014 | FRB | (individual) | Civil Money Penalty, $15,785: STATE BANK, NEW HAMPTON, IOWA |
| Jul 16, 2014 | OCC | High Desert Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): High Desert Bank |
| Jul 14, 2014 | OCC | FNB Bancorp, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): FNB Bank, National Association |
| Jul 14, 2014 | OCC | Swineford National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Swineford National Bank |
| Jul 14, 2014 | OCC | Fulton Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Fulton Bank, National Association |
| Jul 9, 2014 | OCC | Ccfbank N.A. | Civil Money Penalty (CMP): Citizens Community Federal National Association |
| Jul 2, 2014 | FRB | Interbank | Section 19 Letters: Maria S. Chandler |
| Jul 2, 2014 | FRB | Valley State Bank | Section 19 Letters: Toni J. Bennett |
| Jul 2, 2014 | FRB | (individual) | Section 19 Letters: Sean D. Leas |
| Jul 2, 2014 | OCC | The National Republic Bank of Chicago | Prompt Corrective Action (PCA) Directive: The National Republic Bank of Chicago |
| Jun 30, 2014 | FRB | (individual) | Civil Money Penalty, $508,000,000: BNP Paribas, S.A., Paris, France |
| Jun 30, 2014 | FRB | (individual) | Cease and Desist Order: BNP Paribas S.A., Paris, France |
| Jun 26, 2014 | OCC | The Huntington National Bank | Prohibition/Removal Orders: Radcliff, Deborah D. |
| Jun 26, 2014 | FRB | Kearney State Bank and Trust Company | Section 19 Letters: Stephanie Nielsen |
| Jun 26, 2014 Released Jul 1, 2014 | FRB | Cole Taylor Trust Company | Civil Money Penalty, $3,510,000: Cole Taylor Bank, Chicago, Illinois |
| Jun 26, 2014 Released Jul 1, 2014 | FRB | Cole Taylor Trust Company | Cease and Desist Order: Cole Taylor Bank, Chicago, Illinois |
| Jun 26, 2014 | OCC | Merchants Bank of California, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Merchants Bank of California, National Association |
| Jun 26, 2014 | OCC | Associated Bank, N.A. | Civil Money Penalty (CMP): Associated Bank, National Association |
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