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 |
|---|---|---|---|
| Dec 17, 2014 | OCC | SCB Bank | Prohibition/Removal Orders: Collier, Randy |
| Dec 17, 2014 | OCC | First National Bank PLC | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank |
| Dec 17, 2014 | OCC | SCB Bank | C&D or PC&D Requiring Restitution: Collier, Randy |
| Dec 8, 2014 | FRB | Regions Bank | Section 19 Letters: Howayda Hamdan |
| Dec 8, 2014 | OCC | The First National Bank of Niagara | Civil Money Penalty (CMP): Gunville, Robert |
| Dec 2, 2014 | FRB | Ally Bank | Section 19 Letters: Jube J. Wilson |
| Dec 1, 2014 | OCC | Lake National Bank | Civil Money Penalty (CMP): Lake National Bank |
| Nov 26, 2014 Released Dec 4, 2014 | FRB | Tennessee State Bank | Civil Money Penalty, $22,155: Tennessee State Bank, Pigeon Forge, Tennessee |
| Nov 20, 2014 | OCC | Manhattan Bancorp | Formal Agreement: Bank of Manhattan, National Association |
| Nov 19, 2014 | OCC | First Scottsdale Bank, N.A. | Formal Agreement: First Scottsdale Bank, National Association |
| Nov 18, 2014 | OCC | Hometown National Bank | C&D or PC&D Requiring Restitution: Widmer, William J. |
| Nov 18, 2014 | OCC | Solera National Bank | Formal Agreement: Solera National Bank |
| Nov 18, 2014 | OCC | Hometown National Bank | Prohibition/Removal Orders: Widmer, William J. |
| Nov 17, 2014 | OCC | F&M Bank and Trust Company | Civil Money Penalty (CMP): Plowman, B. Stevens |
| Nov 13, 2014 | FRB | Marshall Bank, N.A. | Section 19 Letters: Aaron David Jones |
| Nov 12, 2014 | OCC | First National Bank | Prohibition/Removal Orders: Fleming, Alan Robert |
| Nov 11, 2014 | OCC | JPMorgan Chase Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): JPMorgan Chase Bank, National Association |
| Nov 11, 2014 | OCC | Citibank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citibank, National Association |
| Nov 11, 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 |
| Nov 11, 2014 | OCC | JPMorgan Chase Bank, N.A. | Civil Money Penalty (CMP): JPMorgan Chase Bank, National Association |
| Nov 11, 2014 | OCC | Citibank, N.A. | Civil Money Penalty (CMP): Citibank, National Association |
| Nov 11, 2014 | OCC | Bank of America, N.A. | Civil Money Penalty (CMP): Bank of America, National Association |
| Nov 6, 2014 Released Nov 13, 2014 | FRB | Pointbank | Civil Money Penalty, $8,810: PointBank, Pilot Point, Texas |
| Nov 6, 2014 | OCC | Certusbank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Certusbank, National Association |
| Nov 6, 2014 | OCC | Capital One Bank (USA), N.A. | Civil Money Penalty (CMP): Capital One Bank (USA), National Association |
| Nov 6, 2014 | OCC | Capital One, N.A. | Civil Money Penalty (CMP): Capital One, National Association |
| Oct 29, 2014 | OCC | American Bank | Notice of Charges: Plack, James |
| Oct 27, 2014 Released Oct 28, 2014 | FRB | Bank of Texas | Civil Money Penalty, $8,000: Bank of Texas, Midland, Texas |
| Oct 22, 2014 | FRB | Bank of Clark County | Section 19 Letters: Laura H. Lloyd |
| Oct 22, 2014 Released Oct 28, 2014 | FRB | (individual) | Civil Money Penalty, $6,395: Centennial Bank, Lubbock, Texas |
| Oct 21, 2014 | OCC | Polonia Bancorp, Inc | Formal Agreement: Polonia Bank |
| Oct 16, 2014 | OCC | Gibraltar Private Bank & Trust Co. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gibraltar Private Bank & Trust Co. |
| Oct 16, 2014 | OCC | Inter National Bank | C&D or PC&D Requiring Restitution: Myska, Ginger |
| Oct 16, 2014 | OCC | Inter National Bank | Civil Money Penalty (CMP): Myska, Ginger |
| Oct 16, 2014 | OCC | Inter National Bank | Prohibition/Removal Orders: Myska, Ginger |
| Oct 16, 2014 | OCC | Inter National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Myska, Ginger |
| Oct 15, 2014 | FRB | Pierce Commercial Bank | Section 19 Letters: Angel Young |
| Oct 8, 2014 | OCC | Fort Lee Federal Savings Bank, FSB | Notice of Charges: Kostakopoulos, Yasemin |
| Oct 8, 2014 | OCC | Fort Lee Federal Savings Bank, FSB | Notice of Charges: Kostakopoulos, Haralambos S. |
| Oct 7, 2014 | OCC | Malvern Federal Savings Bank | Formal Agreement: Malvern Federal Savings Bank |
| Oct 6, 2014 | OCC | PNC Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): PNC Bank, National Association |
| Oct 6, 2014 | OCC | PNC Bank, N.A. | Civil Money Penalty (CMP): PNC Bank, National Association |
| Oct 6, 2014 | OCC | PNC Bank, N.A. | C&D or PC&D Requiring Restitution: PNC Bank, National Association |
| Oct 3, 2014 | OCC | Colorado Federal Savings Bank | Formal Agreement: Colorado Federal Savings Bank |
| Oct 2, 2014 Released Oct 7, 2014 | FRB | Fayette County Bank | Prompt Corrective Action: Fayette County Bank, St. Elmo, Illinois |
| Oct 2, 2014 | FRB | Union First Market Bank | Section 19 Letters: Lauren C. Brown |
| Oct 1, 2014 | OCC | Helena National Bank | Civil Money Penalty (CMP): Helena National Bank |
| Sep 26, 2014 | OCC | Trustmark National Bank | Prohibition/Removal Orders: Hernandez, Jesus |
| Sep 24, 2014 | OCC | U.S. Bank N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): U.S. Bank National Association |
| Sep 24, 2014 | OCC | U.S. Bank N.A. | Civil Money Penalty (CMP): U.S. Bank National Association |
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