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 |
|---|---|---|
| Oct 31, 2014 | Peoples Community Credit Union | American Nickeloid Community Credit Union |
| Oct 31, 2014 | Murray Employees Credit Union | Land of Lincoln Credit Union |
| Oct 31, 2014 | LV East Federal Credit Union | Irco Community Federal Credit Union |
| Oct 25, 2014 | TF Financial Corporation | National Penn Bancshares, Inc. |
| Oct 25, 2014 | Delta Trust & Bank | Simmons Bank |
| Oct 25, 2014 | North Akron Savings Bank | Peoples Bank |
| Oct 25, 2014 | Prior Lake State Bank | KleinBank |
| Oct 25, 2014 | 3rd Fed Bank | National Penn Bank |
| Oct 25, 2014 | Bank North | The Stephenson National Bank and Trust |
| Oct 25, 2014 | Highlands Independent Bank | Harbor Community Bank |
| Oct 25, 2014 | Centrix Bank & Trust | Eastern Bank |
| Oct 25, 2014 | Highlands Independent Bancshares, Inc. | HCBF Holding Company, Inc. |
| Oct 24, 2014 | Broward Bank of Commerce | Centennial Bank |
| Oct 24, 2014 | Broward Financial Holdings, Inc. | Home Bancshares, Inc. |
| Oct 24, 2014 | First National Bancshares of Hempstead County | Magnolia Banking Corporation |
| Oct 21, 2014 | G.N.B. Mortgage Company Inc. | Gnbank, N.A. dba Gnbank, N.A. |
| Oct 20, 2014 | Midtown Bank & Trust Company | First Landmark Bank |
| Oct 18, 2014 | SharePlus Bank | Green Bank, National Association |
| Oct 18, 2014 | InvestorsBank | American Bank |
| Oct 18, 2014 | Mountain West Bank, National Association | First Interstate Bank |
| Oct 18, 2014 | MBT Bancorp | Mainsource Financial Group, Inc. |
| Oct 18, 2014 | Rio Grande Operating Credit Union | Community Choice Credit Union |
| Oct 18, 2014 | Grant County Bancorp, Inc. | Forcht Bancorp, Inc. |
| Oct 18, 2014 | Grant County Deposit Bank | Forcht Bank, N.A. |
| Oct 18, 2014 | Wacopse Federal Credit Union | Mountain Laurel Federal Credit Union |
| Oct 18, 2014 | The Merchants Bank and Trust Company | MainSource Bank |
| Oct 17, 2014 | Great Western Bancorporation, Inc. | Great Western Bancorp, Inc. |
| Oct 14, 2014 | Texas Savings Bank | First Bank & Trust |
| Oct 11, 2014 | Members First Credit Union | Bowater Employees Credit Union |
| Oct 9, 2014 | National Americas Investment, Inc. | National Americas Holdings LLC |
| Oct 4, 2014 | North Valley Bank | Tri Counties Bank |
| Oct 4, 2014 | Area Bank | Banterra Bank |
| Oct 4, 2014 | Hardin County Bancorp, Inc | HCB Acquisition Co |
| Oct 4, 2014 | North Valley Bancorp | Trico Bancshares |
| Oct 4, 2014 | Downs Bank | State Bank of Downs |
| Oct 4, 2014 | Pleasantville State Bank | Peoples Savings Bank |
| Oct 1, 2014 | Bremer Bank, National Association | Bremer Bank, National Association |
| Oct 1, 2014 | JCK, Inc. | Exchange Company |
| Oct 1, 2014 | Quinnipiac Bank & Trust Company | Bankwell Bank |
| Oct 1, 2014 | Atlanta Bancorporation, Inc. | State Bank Financial Corporation |
| Oct 1, 2014 | Alarion Financial Services, Inc. | Heritage Financial Group, Inc. |
| Oct 1, 2014 | Alarion Bank | Heritage Bank of the South |
| Oct 1, 2014 | Southern Heritage Bancshares, Inc. | First Citizens Bancshares, Inc. |
| Oct 1, 2014 | The Bankshares, Inc. | Seacoast Banking Corporation of Florida |
| Oct 1, 2014 | Permaculture Credit Union | Sandia Area Federal Credit Union |
| Oct 1, 2014 | Essex Credit Corporation | Bank of the West |
| Oct 1, 2014 | Bremer Bank, N.A. | Bremer Bank, National Association |
| Oct 1, 2014 | First Capital West Bankshares, Inc. | Sturm Financial Group, Inc. |
| Oct 1, 2014 | FIA Card Services, N.A. | Bank of America, N.A. |
| Oct 1, 2014 | BankFIRST | Seacoast National Bank |
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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