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 |
|---|---|---|
| Jul 29, 2014 | Ibew 466 Federal Credit Union | Union Trades Federal Credit Union |
| Jul 28, 2014 | First National Bank South Dakota | First National Bank of Omaha |
| Jul 26, 2014 | Select Bank & Trust Company | Select Bank & Trust Company |
| Jul 26, 2014 | State Bank of Gibbon | Minnwest Bank |
| Jul 26, 2014 | Select Bancorp, Inc. | Select Bancorp Inc. |
| Jul 24, 2014 | Moorhead Teachers Credit Union | Magnifi Financial Credit Union |
| Jul 19, 2014 | First National Bank of Holcomb | American State Bank & Trust Company |
| Jul 19, 2014 | Wheeling-Pittsburgh Steel Office Federal Credit Union | Teamsters Local 697 Federal Credit Union |
| Jul 18, 2014 | Florida Traditions Bank | Centennial Bank |
| Jul 14, 2014 | GSB Bancshares of Nevada, Inc. | GSB Bancshares, Inc. |
| Jul 12, 2014 | Basin State Bank | Stockman Bank of Montana |
| Jul 12, 2014 | Patriot Bank | First State Bank |
| Jul 12, 2014 | Farmers Savings Bank | Libertyville Savings Bank |
| Jul 12, 2014 | JGB Bank, N.A. | Sabadell United Bank, National Association |
| Jul 4, 2014 | Vantagesouth Bank | Yadkin Bank |
| Jul 4, 2014 | Vantagesouth Bancshares Inc. | Yadkin Financial Corporation |
| Jul 4, 2014 | Piedmont Community Bank Holdings, Inc. | Yadkin Financial Corporation |
| Jul 1, 2014 | SJB Federal Credit Union | Alltrust Credit Union |
| Jul 1, 2014 | Union Center National Bank | ConnectOne Bank |
| Jul 1, 2014 | Pinnacle Credit Union | Public Service Credit Union |
| Jul 1, 2014 | Lawrence Postal Employees Credit Union | Brightbridge Credit Union |
| Jul 1, 2014 | I T T Employees Fort Wayne Division Federal Credit Union | Fort Financial Federal Credit Union |
| Jul 1, 2014 | Grove Community Federal Credit Union | Corning Federal Credit Union |
| Jul 1, 2014 | The Coastal Bank | Ameris Bank |
| Jul 1, 2014 | Gateway Community Federal Credit Union | Park Side Financial Credit Union |
| Jul 1, 2014 | C G H Federal Credit Union | Allegheny Kiski Postal Federal Credit Union |
| Jul 1, 2014 | Eastern Pittsburgh Bell Federal Credit Union | Allegent Community Federal Credit Union |
| Jul 1, 2014 | Island Tradition Federal Credit Union | Hawaiian Financial Federal Credit Union |
| Jul 1, 2014 | Kokomo Post Office Credit Union | Solidarity Community Federal Credit Union |
| Jul 1, 2014 | Lorain School Employees Credit Union, Inc. | Achieve Credit Union, Inc. |
| Jul 1, 2014 | River City United Credit Union | Alabama Credit Union |
| Jul 1, 2014 | Federal Employees Credit Union | Collins Community Credit Union |
| Jul 1, 2014 | IBM Pittsburgh Federal Credit Union | Usx Federal Credit Union |
| Jul 1, 2014 | I and M Tanners Creek Employees Federal Credit Union | Dearborn County Federal Credit Union |
| Jul 1, 2014 | Jeffso Credit Union | Jefferson Parish Employees Federal Credit Union |
| Jul 1, 2014 | Lacamas Community Credit Union | Iq Credit Union |
| Jul 1, 2014 | Utility Employees La Salle Service Area Credit Union | Financial Plus Credit Union |
| Jul 1, 2014 | Members Alliance Federal Credit Union | Center Parc Credit Union |
| Jul 1, 2014 | P S Burlington Employees Federal Credit Union | Edifi Federal Credit Union |
| Jul 1, 2014 | New Trier Federal Credit Union | Partnership Financial Credit Union |
| Jul 1, 2014 | Houston Chronicle Employees Federal Credit Union | People's Trust Federal Credit Union |
| Jul 1, 2014 | Cohoes City Employees Credit Union | Hudson River Community Credit Union |
| Jul 1, 2014 | Nafco Nebraska Federal Credit Union | Cobalt Federal Credit Union |
| Jul 1, 2014 | Greater Minnesota Credit Union | Blaze Credit Union |
| Jul 1, 2014 | Pioneer Credit Union | Capital Credit Union |
| Jul 1, 2014 | U.S. Engineers L.A. Federal Credit Union | Los Angeles Federal Credit Union |
| Jul 1, 2014 | Bi-Mart Federal Credit Union | Oregon Community Credit Union |
| Jul 1, 2014 | Kanabec State Bank | First Citizens Bank |
| Jul 1, 2014 | La Farge State Bank | Farmers State Bank |
| Jul 1, 2014 | Community Driven Credit Union | People Driven 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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