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