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 |
|---|---|---|---|
| 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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