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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
Jul 1, 2014 Arcadia City Federal Credit Union CA Foothill Federal Credit Union
Jul 1, 2014 P.M.H. Credit Union VT Vermont State Employees Credit Union
Jul 1, 2014 Fred Meyer Employees Federal Credit Union OR Northwest Community Credit Union
Jul 1, 2014 Postal Credit Union of FDL WI Fond Du Lac Credit Union
Jul 1, 2014 Norfolk Southern Employees Credit Union VA N a E Federal Credit Union
Jul 1, 2014 FirstBank MI Mercantile Bank
Jul 1, 2014 Sequoia Hospital Employees Federal Credit Union CA Upward Credit Union
Jul 1, 2014 Coastal Bankshares, Inc. GA Ameris Bancorp
Jul 1, 2014 Keystone Community Bank MI Mercantile Bank
Jul 1, 2014 First Security Trust Bank, Inc. KY Commonwealth Bank and Trust Company
Jul 1, 2014 Bay Bank AL The First Bank
Jul 1, 2014 BCB Holding Company, Inc. AL The First Bancshares, Inc.
Jul 1, 2014 TCF Equipment Finance, Inc. MN TCF National Bank
Jul 1, 2014 Douglas County Bancshares, Inc. MN Peoples Bankshares, Inc.
Jul 1, 2014 Community National Bank of the Lakeway Area TN TriSummit Bank
Jul 1, 2014 Colonial Virginia Bank VA Xenith Bank
Jul 1, 2014 MidSouth Bank TN Franklin Synergy Bank
Jul 1, 2014 Berkshire Bank Municipal Bank NY Berkshire Bank
Jul 1, 2014 First Private Bank of Texas TX Iberiabank
Jul 1, 2014 First Private Holdings, Inc. TX Iberiabank Corporation
Jul 1, 2014 ConnectOne Bancorp, Inc. NJ ConnectOne Bancorp, Inc.
Jun 30, 2014 Tri-Co Federal Credit Union NJ Visions Federal Credit Union
Jun 30, 2014 Mountain Valley Bancshares, Inc. CO Platte Valley Financial Service Companies, Inc.
Jun 30, 2014 Local 194-6 Federal Credit Union NJ Raritan Bay Federal Credit Union
Jun 30, 2014 Atlas Bank NY Kearny Bank
Jun 30, 2014 Nixon State Bank TX Heritage Bank
Jun 30, 2014 Marion Memorial Hospital Credit Union IL Siu Credit Union
Jun 29, 2014 Ashworth Credit Union IA Veridian Credit Union
Jun 28, 2014 Healthcare Family Federal Credit Union MD Patriot Federal Credit Union
Jun 28, 2014 West Texas Bancshares, Inc. TX West Texas State Bank
Jun 26, 2014 Private Bank Minnesota MN Alerus Financial, N.A.
Jun 24, 2014 Verity Bank GA Community & Southern Bank
Jun 21, 2014 Western National Bank TX Frost Bank
Jun 14, 2014 First National Security Company AR Bear State Financial, Inc.
Jun 14, 2014 PWB Bancshares, Inc. WI Stephenson National Bancorp, Inc.
Jun 7, 2014 State Bank and Trust Company, Dallas TX Meridian Bank Texas
Jun 6, 2014 Big SKY Holding Company MT Stockman Financial Corporation
Jun 2, 2014 CY-Co Federal Credit Union LA Xplore Federal Credit Union
Jun 2, 2014 First Southern Bancorp, Inc. FL Centerstate Bank Corporation
Jun 2, 2014 Pensacola Federal Employees Federal Credit Union FL MY Pensacola Federal Credit Union
Jun 2, 2014 Newington Va Federal Credit Union CT Hartford Federal Credit Union
Jun 2, 2014 First Southern Bank FL SouthState Bank, N.A.
Jun 1, 2014 Premier Services Credit Union UT Cyprus Federal Credit Union
Jun 1, 2014 Teche Holding Company LA Iberiabank Corporation
Jun 1, 2014 Flint River National Bank GA Five Star Credit Union
Jun 1, 2014 Harrington Bank, FSB NC Bank of North Carolina
Jun 1, 2014 Saint Mary's Federal Credit Union TX Empowerment Community Development Federal Credit Union
Jun 1, 2014 FirstBank Corporation MI Mercantile Bank Corporation
Jun 1, 2014 Community First Financial Group, Inc. NC BNC Bancorp
Jun 1, 2014 V a R O No. 319 Federal Credit Union SC Caro Federal Credit Union

The list holds 500 of the 704 mergers recorded for 2014.

Enforcement Actions in 2014

Action date Agency Institution Action
Jan 6, 2014
Released Jan 9, 2014		 FRB Tioga State Bank Civil Money Penalty, $4,180: Tioga State Bank, Spencer, New York
Jan 3, 2014 OCC Citizens Commerce Bancshares, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Flynn, Michael L.
Jan 3, 2014 OCC Citizens Commerce Bancshares, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Soper, John E.
Jan 3, 2014 OCC Citizens Commerce Bancshares, Inc. Civil Money Penalty (CMP): Flynn, Michael L.
Jan 3, 2014 OCC Citizens Commerce Bancshares, Inc. Civil Money Penalty (CMP): Soper, John E.

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