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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
Jun 1, 2014 Teche Federal Bank LA Iberiabank
Jun 1, 2014 H D York Federal Credit Union PA White Rose Credit Union
Jun 1, 2014 Crane Gulf Federal Credit Union TX 1st Community Federal Credit Union
Jun 1, 2014 Sir Federal Credit Union MI Honor Credit Union dba Honor Investment Services
Jun 1, 2014 Logan City Employees Credit Union UT New Heights Federal Credit Union
Jun 1, 2014 Hospitality Federal Credit Union TN Intouch Credit Union
Jun 1, 2014 Boise U S Employees Federal Credit Union ID Icon Credit Union
Jun 1, 2014 FMC Technologies Federal Credit Union TX Texas Dow Employees Credit Union
Jun 1, 2014 FamilyFirst Bank MA North Brookfield Savings Bank
Jun 1, 2014 Bloom Township High School Credit Union IL Heights Auto Workers Credit Union
May 31, 2014 The First National Bank of Wellston OH Peoples Bank
May 31, 2014 Jefferson Bancshares, Inc. TN HomeTrust Bancshares, Inc.
May 31, 2014 Midwest Bancshares, Inc. OH Peoples Bancorp Inc.
May 31, 2014 Team Capital Bank PA Provident Bank
May 31, 2014 C Bar M, Inc. TX Pioneer Bancshares, Inc.
May 31, 2014 WNB Bancshares, Inc. TX Cullen/Frost Bankers, Inc.
May 31, 2014 Union State Bank TX Pioneer Bank, SSB
May 31, 2014 Reliance Trust Company GA Tmi Trust Company
May 31, 2014 Jefferson Federal Bank TN HomeTrust Bank
May 31, 2014 Tri-State Federal Credit Union PA Clearview Federal Credit Union
May 31, 2014 Security Bank Waconia MN Security Bank & Trust Company
May 31, 2014 Pittsburg Employees Federal Credit Union CA 1st Northern California Credit Union
May 31, 2014 Saint Pascal Parish Credit Union MN Saint Paul Federal Credit Union
May 31, 2014 Essex Division Telephone Federal Credit Union NJ Garden Savings Federal Credit Union
May 31, 2014 Laclede Community Credit Union IL 1st Midamerica Credit Union
May 29, 2014 Wells Fargo Financing Corporation CA WFC Holdings, LLC
May 24, 2014 Minnwest Bank Metro MN Minnwest Bank
May 24, 2014 Minnwest Bank Sioux Falls SD Minnwest Bank
May 24, 2014 Minnwest Capital Corporation MN Minnwest Bank
May 24, 2014 Minndata, Incorporated MN Minnwest Bank
May 24, 2014 Monroe Bancshares, Ltd. IA Leighton Investment Company
May 24, 2014 Aumanchester, Inc. MN Minnwest Corporation
May 24, 2014 Minnwest Bank Luverne MN Minnwest Bank
May 24, 2014 Monroe State Bank IA Leighton State Bank
May 24, 2014 Minnwest Bank South MN Minnwest Bank
May 24, 2014 Minnwest Bank Central MN Minnwest Bank
May 17, 2014 Bay View Federal Savings and Loan Association WI First Federal Bank of Wisconsin
May 17, 2014 Home Federal Bancorp, Inc. ID Cascade Bancorp
May 17, 2014 Summit Bancorp, Inc. AR Bank of the Ozarks Inc
May 17, 2014 Simmons First Bank of Hot Springs AR Simmons Bank
May 17, 2014 Summit Bank AR Bank OZK
May 17, 2014 Home Federal Bank ID Bank of the Cascades
May 17, 2014 Simmons First Bank of Searcy AR Simmons Bank
May 17, 2014 American State Bank of Pierre SD American Bank & Trust
May 17, 2014 Simmons First Bank of Northeast Arkansas AR Simmons Bank
May 16, 2014 American Security Bank CA Citizens Business Bank, N.A.
May 15, 2014 Bloomer Bancshares, Inc. WI Security Financial Services Corporation
May 10, 2014 Republic Bank FL Republic Bank & Trust Company
May 10, 2014 StellarOne Bank VA Atlantic Union Bank
May 8, 2014 Investors Bancorp, Inc. NJ Investors Bancorp, Inc.

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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