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 1, 2014 | Houston City Bancshares, Inc. | Independent Bank Group, Inc. |
| Oct 1, 2014 | First Citizens Bancorporation, Inc. | First Citizens Bancshares, Inc. |
| Oct 1, 2014 | NexTier Incorporated | NexTier Incorporated |
| Oct 1, 2014 | Bremer Bank, National Association | Bremer Bank, National Association |
| Oct 1, 2014 | Bremer Bank, National Association | Bremer Bank, National Association |
| Oct 1, 2014 | Butte Federal Credit Union | Self-Help Federal Credit Union |
| Oct 1, 2014 | Vamco Credit Union | Partnership Financial Credit Union |
| Oct 1, 2014 | Capital West Bank | ANB Bank |
| Oct 1, 2014 | Employees Savings Credit Union | Alabama State Employees Credit Union |
| Oct 1, 2014 | State Bank of Niantic | Scott State Bank |
| Oct 1, 2014 | Boulder Municipal Employees Federal Credit Union | Community Financial Credit Union |
| Oct 1, 2014 | Midwest Associates Federal Credit Union | Kemba Credit Union, Inc. |
| Oct 1, 2014 | Credit Union One | Glacier Hills Credit Union |
| Oct 1, 2014 | Saint Joseph Cold Spring Federal Credit Union | Cove Federal Credit Union |
| Oct 1, 2014 | D'Hanis State Bank | Vantage Bank Texas |
| Oct 1, 2014 | New Jersey Bureau of Parole Employee Credit Union | First Point Federal Credit Union |
| Oct 1, 2014 | Bank of Atlanta | State Bank and Trust Company |
| Oct 1, 2014 | Bremer Bank, National Association | Bremer Bank, National Association |
| Oct 1, 2014 | Westside Employees Federal Credit Union | Southland Credit Union |
| Oct 1, 2014 | Houston Community Bank, National Association | Independent Bank |
| Oct 1, 2014 | Norsco Federal Credit Union | Trumark Credit Union |
| Oct 1, 2014 | Keytrust Company N.A. | KeyBank N.A. |
| Oct 1, 2014 | Ibw Employees Federal Credit Union | Ne Pa Community Federal Credit Union |
| Oct 1, 2014 | Southwest Michigan Federal Credit Union | Advia Credit Union |
| Oct 1, 2014 | NexTier Bank, National Association | NexTier Bank, N.A. |
| Oct 1, 2014 | Bremer Bank, National Association | Bremer Bank, National Association |
| Oct 1, 2014 | Bremer Bank, N.A. | Bremer Bank, National Association |
| Oct 1, 2014 | Saint Joseph Mercy Hospital Pontiac Federal Credit Union | Credit Union One |
| Oct 1, 2014 | Stone Tyler Employees Federal Credit Union | Kelly Community Federal Credit Union |
| Oct 1, 2014 | The First National Bank and Trust Company of Junction City, Kansas | Exchange Bank |
| Oct 1, 2014 | Bremer Bank, National Association | Bremer Bank, National Association |
| Oct 1, 2014 | Fidelity Federal Credit Union | Membersfirst Credit Union |
| Oct 1, 2014 | San Antonio Water System Federal Credit Union | Generations Community Federal Credit Union |
| Oct 1, 2014 | D.T&I Employees Credit Union | Nupath Community Credit Union |
| Oct 1, 2014 | South Western Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Oct 1, 2014 | Endura Financial Federal Credit Union | Connexus Credit Union |
| Oct 1, 2014 | Tarcana Credit Union | Advanz Federal Credit Union |
| Sep 30, 2014 | River City Community Credit Union | Marine Credit Union |
| Sep 30, 2014 | Sangamo Chapter Credit Union | Land of Lincoln Credit Union |
| Sep 30, 2014 | Compaction America Federal Credit Union | I. H. Mississippi Valley Credit Union |
| Sep 30, 2014 | City of Trenton Employees Credit Union | Credit Union of New Jersey |
| Sep 30, 2014 | Great American Bank | Great American Bank |
| Sep 30, 2014 | Elizabeth City Coast Guard Employees Credit Union | Navy Federal Credit Union |
| Sep 23, 2014 | Western Valley Federal Credit Union | California Community Credit Union |
| Sep 20, 2014 | Marshall County State Bank | Hickory Point Bank and Trust |
| Sep 20, 2014 | Oba Financial Services, Inc. | F.N.B. Corporation |
| Sep 20, 2014 | Alliance National Bank | Community & Southern Bank |
| Sep 20, 2014 | Medina Bankshares, Inc. | Vantage Bancorp, Inc. |
| Sep 20, 2014 | OBA Bank | First National Bank of Pennsylvania |
| Sep 20, 2014 | Chickasha Bank & Trust Company | Liberty 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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