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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
Apr 9, 2014 FRB (individual) Section 19 Letters: Kandi Biggins
Apr 7, 2014 OCC FIA Card Services, N.A. C&D or PC&D Requiring Restitution: Fia Card Services, National Association
Apr 7, 2014 OCC Bank of America, N.A. C&D or PC&D Requiring Restitution: Bank of America, National Association
Apr 7, 2014
Released Apr 10, 2014		 FRB NBRS Financial Bank Prompt Corrective Action: NBRS Financial Bank, Rising Sun, Maryland
Apr 7, 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
Apr 7, 2014 OCC FIA Card Services, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Fia Card Services, National Association
Apr 7, 2014 OCC Bank of America, N.A. Civil Money Penalty (CMP): Bank of America, National Association
Apr 7, 2014 OCC FIA Card Services, N.A. Civil Money Penalty (CMP): Fia Card Services, National Association
Apr 3, 2014 FRB Credit Suisse Group Ag Section 19 Letters: Kareem Serageldin
Apr 1, 2014 OCC Guaranty Bank Prompt Corrective Action (PCA) Directive: Guaranty Bank
Mar 31, 2014 OCC Eastern Savings Bank Federal Savings Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eastern Savings Bank, FSB
Mar 26, 2014 FRB First Virginia Community Bank Section 19 Letters: Kimberly D. Cook
Mar 26, 2014 FRB First Virginia Community Bank Section 19 Letters: Gregory A. Murray
Mar 26, 2014 OCC Fort Lee Federal Savings Bank, FSB Civil Money Penalty (CMP): Cestone, Douglas
Mar 26, 2014 OCC Fort Lee Federal Savings Bank, FSB Civil Money Penalty (CMP): Oesterle, Paul
Mar 24, 2014 OCC The First National Bank of Davis Prohibition/Removal Orders: Moore, W.A.
Mar 21, 2014 FRB Imb Holdco LLC Cease and Desist Order: IMB HoldCo LLC, Pasadena, California
Mar 20, 2014 OCC Eastside Commercial Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eastside Commercial Bank, National Association
Mar 17, 2014 FRB Suntrust Bank Section 19 Letters: Heather L. McLemore
Mar 11, 2014 OCC OneWest Bank, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): OneWest Bank, National Association
Mar 11, 2014 OCC OneWest Bank, National Association C&D or PC&D Requiring Restitution: OneWest Bank, National Association
Mar 3, 2014 FRB (individual) Section 19 Letters: Travis A Zielinski
Feb 27, 2014 FRB Merchants Bank Section 19 Letters: Matthew J. Walker
Feb 24, 2014 FRB Suntrust Bank Section 19 Letters: Henry Morris Hayes, Jr.
Feb 24, 2014 FRB Suntrust Bank Section 19 Letters: Sean K. Farley
Feb 24, 2014 FRB Regions Bank Section 19 Letters: Jordan C. Jaehn
Feb 19, 2014 OCC Inter National Bank Prohibition/Removal Orders: Sepulveda, Edna E.
Feb 10, 2014 OCC State Farm Bank, FSB Prohibition/Removal Orders: Neill, David
Feb 7, 2014 OCC Home National Bank Prohibition/Removal Orders: Kessler, Lisa
Feb 7, 2014 OCC Home National Bank C&D or PC&D Requiring Restitution: Brown, Roger A.
Feb 7, 2014 OCC Home National Bank C&D or PC&D Requiring Restitution: Brown, Trenton W.
Feb 7, 2014 OCC Home National Bank C&D or PC&D Requiring Restitution: Kessler, Lisa
Feb 7, 2014 OCC Home National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Brown, Roger A.
Feb 7, 2014 OCC Home National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Brown, Trenton W.
Feb 7, 2014 OCC Home National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kessler, Lisa
Feb 7, 2014 OCC Home National Bank Prohibition/Removal Orders: Brown, Roger A.
Feb 7, 2014 OCC Home National Bank Prohibition/Removal Orders: Brown, Trenton W.
Feb 6, 2014 FRB Suntrust Bank Section 19 Letters: Gabriel N. Nervig
Feb 6, 2014 OCC Community Federal Savings Bank Formal Agreement: Community Federal Savings Bank
Feb 6, 2014 OCC Communityone Bancorp Prohibition/Removal Orders: Bateman, Vincent F.
Feb 6, 2014 OCC U.S. Bank N.A. Prohibition/Removal Orders: Foss, Linda S.
Jan 14, 2014 OCC Old National Bank Civil Money Penalty (CMP): Old National Bank
Jan 10, 2014 FRB Northside Community Bank Section 19 Letters: Dragana Fousekis (aka Donna Fousekis)
Jan 10, 2014 FRB First Midwest Bank Section 19 Letters: Shamica C. Hohimer
Jan 8, 2014 OCC BOKF, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Thomas, Ryann
Jan 7, 2014 OCC JPMorgan Chase Bank, N.A. Civil Money Penalty (CMP): JPMorgan Chase Bank, National Association
Jan 7, 2014 OCC JPMorgan Bank and Trust Company, N.A. Civil Money Penalty (CMP): JPMorgan Bank and Trust Company, National Association
Jan 7, 2014 OCC Chase Bank USA, N.A. Civil Money Penalty (CMP): Chase Bank USA, National Association
Jan 7, 2014 OCC Slavie Federal Savings Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Slavie Federal Savings Bank
Jan 6, 2014
Released Jan 9, 2014		 FRB TransPecos Banks Civil Money Penalty, $2,710: TransPecos Banks, Pecos, Texas

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