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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
May 8, 2014 Clay County Farm Bureau Cooperative Credit Union IN Western Indiana Credit Union
May 3, 2014 Quitman Bancorporation of Delaware, Inc. DE BT Holdings, Inc.
May 3, 2014 Mission Oaks Bancorp CA Altapacific Bancorp
May 3, 2014 Mission Oaks National Bank CA AltaPacific Bank
May 3, 2014 The First National Bank of Ogden IL Longview Bank
May 1, 2014 Martinsville Postal Credit Union VA Valleystar Credit Union
May 1, 2014 United Financial Bancorp, Inc. MA United Financial Bancorp, Inc.
May 1, 2014 Orange Bank of Florida FL Floridian Bank
May 1, 2014 Provident Community Bancshares, Inc. SC Park Sterling Corporation
May 1, 2014 Washington Banking Company WA Heritage Financial Corporation
May 1, 2014 Best Advantage Credit Union WI Verve a Credit Union
May 1, 2014 Provident Community Bank, National Association SC Park Sterling Bank
May 1, 2014 Cowlitz Credit Union WA Red Canoe Credit Union
May 1, 2014 Tombstone Federal Credit Union AZ Vantage West Credit Union
May 1, 2014 Resources Federal Credit Union VA Peoples Advantage Federal Credit Union
May 1, 2014 B a E Credit Union IL Partnership Financial Credit Union
May 1, 2014 Lakeview Credit Union WI Verve a Credit Union
May 1, 2014 North Hollywood Federal Credit Union CA Postcity Financial Credit Union
May 1, 2014 United Bank MA United Bank
May 1, 2014 Whidbey Island Bank WA Heritage Bank
Apr 30, 2014 Keystone First Federal Credit Union PA Gold Credit Union
Apr 26, 2014 Bank on It, Inc. CA United Business Bank
Apr 26, 2014 Community Bank of San Joaquin CA United Business Bank
Apr 26, 2014 Tower Financial Corporation IN Old National Bancorp
Apr 26, 2014 Tower Bank & Trust Company IN Old National Bank
Apr 26, 2014 Great Plains National Bank ND Choice Financial Group
Apr 26, 2014 Midwest City Credit Union OK Oklahoma Federal Credit Union
Apr 26, 2014 The First National Bank of Byers TX Fidelity Bank
Apr 26, 2014 First Valley Bank MT Citizens Alliance Bank
Apr 19, 2014 Sterling Savings Bank WA Columbia Bank
Apr 19, 2014 Sterling Financial Corporation WA Umpqua Holdings Corporation
Apr 17, 2014 Verity Capital Group, Inc. GA Community & Southern Holdings, Inc.
Apr 16, 2014 Boh Holdings, Inc. TX Independent Bank Group, Inc.
Apr 16, 2014 Bank of Houston TX Independent Bank
Apr 12, 2014 First National Bank and Trust WI Central Bank
Apr 12, 2014 First Financial Holdings, Inc. MN Central Bancshares, Inc.
Apr 12, 2014 First Trust and Savings Bank, Oneida, Tennessee TN United Cumberland Bank
Apr 8, 2014 Capitalsource Bank CA Banc of California
Apr 5, 2014 Bank of Gassaway WV Premier Bank, Inc.
Apr 5, 2014 Gassaway Bancshares, Inc. WV Premier Bank, Inc.
Apr 5, 2014 The First National Bank of Starbuck MN AmericanWest Bank
Apr 5, 2014 Franklin Security Bancorp, Inc. PA Essa Bancorp, Inc.
Apr 5, 2014 Forest Commercial Bank NC Carolina Alliance Bank
Apr 5, 2014 Odem Financial Corporation NV Odem Bancshares, Inc.
Apr 5, 2014 Union Holding Delaware, Inc. DE C Bar M, Inc.
Apr 5, 2014 Franklin Security Bank PA ESSA Bank & Trust
Apr 3, 2014 SCB Bancorp, Inc. MI Horizon Bancorp, Inc.
Apr 3, 2014 Summit Community Bank MI Horizon Bank
Apr 1, 2014 Bank of Marquette NE Cornerstone Bank
Apr 1, 2014 Alaska Pacific Bancshares, Inc. AK Northrim Bancorp, Inc.

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

Enforcement Actions in 2014

Action date Agency Institution Action
Jun 25, 2014
Released May 17, 2018		 FRB Regions Bank Civil Money Penalty, $46,000,000: Regions Bank, Birmingham, Alabama
Jun 25, 2014 FRB Regions Bank Prohibition from Banking: Michael J. Willoughby
Jun 25, 2014
Released Apr 5, 2018		 FRB T.C. Ziraat Bankasi A.S. Written Agreement: Turkiye Cumhuriyeti Ziraat Bankasi A.S., Ankara, Turkey and Turkiye Cumhuriyeti Ziraat Bankasi …
Jun 25, 2014 FRB Regions Bank Prohibition from Banking: Jeffrey C. Kuehr
Jun 25, 2014 FRB Regions Bank Notice of Intent: Thomas A. Neely, Jr.
Jun 17, 2014 OCC The First National Bank of Manchester C&D or PC&D Requiring Restitution: Greer, Lanny
Jun 17, 2014 FRB Texas Star Bank Section 19 Letters: Judy Hollomon
Jun 17, 2014 OCC The First National Bank of Manchester Civil Money Penalty (CMP): Greer, Lanny
Jun 17, 2014 OCC The First National Bank of Manchester Civil Money Penalty (CMP): Greer, Jerry
Jun 17, 2014 OCC The First National Bank of Manchester Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Greer, Lanny
Jun 17, 2014 OCC The First National Bank of Manchester Prohibition/Removal Orders: Greer, Lanny
Jun 17, 2014 OCC The First National Bank of Manchester Civil Money Penalty (CMP): Smith, Kenneth
Jun 17, 2014 OCC The First National Bank of Manchester Civil Money Penalty (CMP): Greer, Rex
Jun 17, 2014 OCC The First National Bank of Manchester Civil Money Penalty (CMP): Greer, Randell
Jun 12, 2014 OCC First National Bank Prohibition/Removal Orders: Mulling, Isaac Jefferson
Jun 12, 2014 OCC First National Bank Prohibition/Removal Orders: Little, Stephen Michael
Jun 12, 2014
Released Jun 17, 2014		 FRB (individual) Civil Money Penalty, $4,000: First Southern Bank, Boca Raton, Florida
Jun 9, 2014 OCC First State Bancorp of the Rockies Civil Money Penalty (CMP): Sawyer, Ronald R.
Jun 6, 2014
Released Jun 10, 2014		 FRB Allied First Bancorp, Inc. Written Agreement: Allied First Bancorp, Inc., Oswego, Illinois
May 30, 2014 FRB Fulton Financial Corporation Section 19 Letters: Joni Weiss Moser
May 29, 2014 OCC The Somerville National Bank Civil Money Penalty (CMP): The Somerville National Bank
May 28, 2014
Released Jun 3, 2014		 FRB Cboa Financial, Inc. Written Agreement: CBOA Financial, Inc., Tucson, Arizona
May 28, 2014 OCC The First National Bank of Layton Civil Money Penalty (CMP): Ellison, Peter K.
May 27, 2014 OCC The First National Bank of Layton Civil Money Penalty (CMP): Day, D. William
May 27, 2014 OCC The First National Bank of Layton Civil Money Penalty (CMP): Firth, Ralph W.
May 27, 2014 OCC The First National Bank of Layton Civil Money Penalty (CMP): Flint, Vernon W.
May 27, 2014 OCC The First National Bank of Layton Civil Money Penalty (CMP): Garn, Kevin S.
May 27, 2014 OCC The First National Bank of Layton Civil Money Penalty (CMP): Jones, K. John
May 27, 2014 OCC The First National Bank of Layton Civil Money Penalty (CMP): Morgan, Thomas W.
May 27, 2014 OCC The First National Bank of Layton Civil Money Penalty (CMP): Simmons, David E.
May 27, 2014 OCC The First National Bank of Layton Civil Money Penalty (CMP): Smith, Catherine W.
May 27, 2014 OCC The First National Bank of Layton Civil Money Penalty (CMP): Stevenson, Sharman R.
May 27, 2014 OCC The First National Bank of Layton Civil Money Penalty (CMP): Bennett, Noall J.
May 27, 2014 OCC The First National Bank of Layton Civil Money Penalty (CMP): Barlow, Haven J.
May 27, 2014 OCC The First National Bank of Layton Civil Money Penalty (CMP): Adams, E. Harris
May 27, 2014 OCC Equitable Bank Civil Money Penalty (CMP): Equitable Bank
May 22, 2014
Released May 29, 2014		 FRB Columbus Junction State Bank Written Agreement: Columbus Junction State Bank, Columbus Junction, Iowa
May 19, 2014 FRB Credit Suisse Group Ag Cease and Desist Order: Credit Suisse Group AG, Zurich, Switzerland
May 19, 2014 FRB Credit Suisse Ag Civil Money Penalty, $100,000,000: Credit Suisse AG, Zurich, Switzerland
May 16, 2014
Released May 20, 2014		 FRB (individual) Civil Money Penalty, $5,410: Western Bank, Lordsburg, New Mexico
May 15, 2014 OCC Pickens Savings and Loan Association, Federal Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sparks, John
May 9, 2014
Released May 13, 2014		 FRB Bank of Gueydan Civil Money Penalty, $10,545: Bank of Gueydan, Gueydan, Louisiana
Apr 30, 2014 FRB Susquehanna Corporation Section 19 Letters: Diane Patricia Wall
Apr 28, 2014 OCC Abacus Federal Savings Bank Formal Agreement: Abacus Federal Savings Bank
Apr 25, 2014 OCC Capital One, N.A. GLBA Agreement: Capital One, National Association
Apr 24, 2014 OCC Citizens Bank, N.A. GLBA Agreement: Citizens Bank, National Association
Apr 22, 2014 OCC F&M Bank and Trust Company Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): F&M Bank and Trust Company
Apr 17, 2014 OCC Hopkins Bancorp, Inc. Formal Agreement: Hopkins Federal Savings Bank
Apr 15, 2014
Released Apr 17, 2014		 FRB Calvert Financial Corporation Prohibition from Banking: Darryl Woods
Apr 10, 2014
Released Apr 15, 2014		 FRB Uinta Bank Civil Money Penalty, $9,985: UINTA BANK, MOUNTAIN VIEW, WYOMING

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