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