Skip to main content

Calendar Year

2015 in US Banking

974 bank events are on record for 2015: 8 failures, 766 mergers or acquisitions involving a bank, credit union or bank holding company, and 200 enforcement actions.

8
Failures
$6.71B in failed assets
766
Mergers
Federal Reserve NIC, banking organizations
200
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 2015 · Bank mergers 2015

How many banks failed in 2015?

8 banks failed in 2015, with $6.71B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Oct 2, 2015 The Bank of Georgia Peachtree City, GA $286.1M Fidelity Bank
Oct 2, 2015 Hometown National Bank Longview, WA $3.8M Twin City Bank
Jul 10, 2015 Premier Bank Denver, CO $26.8M United Fidelity Bank, FSB
May 8, 2015 Edgebrook Bank Chicago, IL $90.0M Republic Bank of Chicago
Feb 27, 2015 Doral Bank San Juan, PR $5.90B Banco Popular de Puerto Rico
Feb 13, 2015 Capitol City Bank & Trust Company Atlanta, GA $272.3M First-Citizens Bank & Trust Company
Jan 23, 2015 Highland Community Bank Chicago, IL $54.7M United Fidelity Bank, FSB
Jan 16, 2015 First National Bank of Crestview Crestview, FL $73.8M First NBC Bank

Which banks merged in 2015?

766 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2015.

See the fuller list: Bank mergers 2015 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 1, 2015 CNLBank FL Valley National Bank
Dec 1, 2015 Bankshares of Fayetteville, Inc AR Farmers and Merchants Bankshares, Inc.
Dec 1, 2015 Paris Federal Credit Union AR Subiaco Federal Credit Union
Dec 1, 2015 Independent Employers Group Federal Credit Union HI Hawaiiusa Federal Credit Union
Dec 1, 2015 State-Investors Bank LA First NBC Bank
Dec 1, 2015 Queen Employees Credit Union MN Accentra Credit Union
Dec 1, 2015 United Service Credit Union IA Marine Credit Union
Dec 1, 2015 Fairview Employees Federal Credit Union CA Credit Union of Southern California, a Federal Credit Union
Dec 1, 2015 Aafes Federal Credit Union TX Pentagon Federal Credit Union
Dec 1, 2015 Redford Municipal Employees Credit Union MI Public Service Credit Union
Dec 1, 2015 Compton Municipal Employees Federal Credit Union CA Financial Partners Credit Union
Dec 1, 2015 The Greenville Banking Company GA First Peoples Bank
Dec 1, 2015 K B R Credit Union WA American Lake Credit Union
Dec 1, 2015 College Savings Bank NJ NexBank
Dec 1, 2015 S M H Federal Credit Union IL Financial Plus Credit Union
Dec 1, 2015 Security State Bank TX Post Oak Bank, N.A.
Dec 1, 2015 The Bank of Fayetteville AR The Farmers & Merchants Bank
Dec 1, 2015 Navfac Federal Credit Union HI Pentagon Federal Credit Union
Dec 1, 2015 McAlester Credit Union OK First Family Federal Credit Union
Dec 1, 2015 Phone-Co Credit Union IL Great Lakes Credit Union
Nov 30, 2015 The Trust Company of Louisiana LA Argent Trust Company
Nov 21, 2015 United International Bank NY Preferred Bank
Nov 14, 2015 The Bank of Holland MI Chemical Bank
Nov 14, 2015 First Mutual Sales Finance, Inc. WA WaFd Bank
Nov 14, 2015 The Bank of Northern Michigan MI Chemical Bank
Nov 13, 2015 Bank of Commerce OK BancFirst
Nov 10, 2015 Bedison Bancshares, Inc. MO Wells Bancshares, Inc.
Nov 7, 2015 Community Bank NE First State Bank
Nov 5, 2015 Kosciuszko Federal Savings Bank MD Kopernik Bank
Nov 3, 2015 Newspaper & Printers Credit Union TN St. Thomas Credit Union
Nov 2, 2015 Libbey Federal Credit Union OH Glass City Federal Credit Union
Nov 2, 2015 City National Corporation CA RBC USA Holdco Corporation
Nov 1, 2015 Grand Bank TX Independent Bank
Nov 1, 2015 Fsgbank, N.A. TN Atlantic Capital Bank, N.A.
Nov 1, 2015 First Security Group, Inc. TN Atlantic Capital Bancshares, Inc.
Nov 1, 2015 Hudson City Bancorp, Inc. NJ Wilmington Trust Corporation
Nov 1, 2015 Port of Seattle Federal Credit Union WA Sound Credit Union
Nov 1, 2015 Merrimac Savings Bank MA TruNorth Bank
Nov 1, 2015 W G Federal Credit Union MA RTN Federal Credit Union
Nov 1, 2015 Columbus Junction State Bank IA Washington State Bank
Nov 1, 2015 Corps of Engineers Federal Credit Union TX Pentagon Federal Credit Union
Nov 1, 2015 Farmers State Bank GA Five Star Credit Union
Nov 1, 2015 United Health Services Credit Union WA Horizon Credit Union
Nov 1, 2015 Kent Credit Union, Inc. OH Seven Seventeen Credit Union Inc
Nov 1, 2015 Hudson City Savings Bank NJ Manufacturers and Traders Trust Company
Nov 1, 2015 Saint Joseph's Credit Union TX Firstmark Credit Union
Nov 1, 2015 Northwestern States Cement Employee Credit Union IA Cent Credit Union
Nov 1, 2015 General Drivers Credit Union IA Aim Credit Union
Nov 1, 2015 Consolidated Public Safety Credit Union GA Midsouth Community Federal Credit Union
Nov 1, 2015 Parkridge Credit Union TN Healthcare Services Credit Union

The list holds 500 of the 766 mergers recorded for 2015.

Enforcement Actions in 2015

Action date Agency Institution Action
Dec 28, 2015
Released Aug 23, 2018		 FRB Covenant Bancgroup, Inc. Written Agreement: Covenant Bancgroup, Inc., Leeds, Alabama
Dec 23, 2015 FRB (individual) Cease and Desist Order: Higher One, Incorporated, New Haven, Connecticut
Dec 23, 2015 FRB (individual) Civil Money Penalty, $2,231,250: Higher One, Incorporated, New Haven, Connecticut
Dec 18, 2015 OCC First Place Financial Corp. Prohibition/Removal Orders: Blank, Albert P.
Dec 18, 2015 OCC Commonwealth National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Commonwealth National Bank
Dec 18, 2015 OCC First Place Financial Corp. Civil Money Penalty (CMP): Blank, Albert P.
Dec 17, 2015 OCC American Bank Civil Money Penalty (CMP): Plack, James E.
Dec 17, 2015
Released Dec 22, 2015		 FRB Calumet County Bank Written Agreement: Calumet County Bank, Brillion, Wisconsin
Dec 17, 2015 OCC American Bank Prohibition/Removal Orders: Plack, James E.
Dec 17, 2015 OCC Community Bank, N.A. Prohibition/Removal Orders: Bush, Elsa L.
Dec 16, 2015 OCC Dieterich Bank Formal Agreement: Dieterich Bank, National Association
Dec 16, 2015 OCC Bank of China Formal Agreement: Bank of China
Dec 11, 2015
Released Dec 17, 2015		 FRB Habib Bank Limited Cease and Desist Order: Habib Bank Limited, Karachi, Pakistan and Habib Bank Limited New …
Dec 9, 2015 OCC First Place Financial Corp. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Reay, Craig E.
Dec 9, 2015 OCC First Place Financial Corp. Civil Money Penalty (CMP): Reay, Craig E.
Dec 8, 2015 OCC One National Bancshares, Inc. Prohibition/Removal Orders: Sweet, Matthew D.
Dec 1, 2015 OCC Gibraltar Private Bank & Trust Co. Civil Money Penalty (CMP): Harris, John W.
Dec 1, 2015 OCC Gibraltar Private Bank & Trust Co. Prohibition/Removal Orders: Harris, John W.
Dec 1, 2015 OCC Fidelity Bank of Florida, N.A. Notice of Charges: Guldi, James
Nov 27, 2015 FRB Asian Bank Section 19 Letters: Horng Dai
Nov 25, 2015 OCC Ben Franklin Bank of Illinois Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ben Franklin Bank of Illinois
Nov 24, 2015 OCC First Federal Community Bank, N.A. Civil Money Penalty (CMP): First Federal Community Bank, National Association
Nov 23, 2015
Released Nov 24, 2015		 FRB The Bank of Monroe Civil Money Penalty, $28,640: The Bank of Monroe, Union, West Virginia
Nov 23, 2015 FRB Susquehanna Corporation Section 19 Letters: Donna McGuire
Nov 23, 2015 FRB Univest Bank and Trust Co. Section 19 Letters: William R. Erickson
Nov 23, 2015 OCC Grand Bancorp, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Grand Bank, National Association
Nov 19, 2015 OCC Wells Fargo Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wells Fargo Bank, National Association
Nov 18, 2015
Released Nov 24, 2015		 FRB Tri-County Bank Civil Money Penalty, $5000: Tri-County Bank, Brown City, Michigan
Nov 10, 2015 OCC Citizens Bank, N.A. C&D or PC&D Requiring Restitution: Citizens Bank, National Association
Nov 10, 2015 OCC Polonia Bancorp, Inc Formal Agreement: Polonia Bank
Nov 10, 2015 OCC Citizens Bank, N.A. Civil Money Penalty (CMP): Citizens Bank, National Association
Nov 10, 2015 OCC Citizens Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citizens Bank, National Association
Nov 9, 2015
Released Nov 12, 2015		 FRB East West Bank Written Agreement: East West Bank, Pasadena, California
Nov 5, 2015
Released Nov 10, 2015		 FRB The Bank of Nova Scotia Trust Company of New York Written Agreement: The Bank of Nova Scotia, Toronto, Canada, and Bank of Nova Scotia …
Nov 5, 2015 FRB (individual) Prohibition from Banking: Rohit Bansal
Nov 4, 2015 FRB (individual) Cease and Desist Order: Deutsche Bank AG, Frankfurt am Main, Germany
Nov 4, 2015 FRB (individual) Civil Money Penalty, $58,000,000: Deutsche Bank AG, Frankfurt am Main, Germany
Oct 29, 2015 OCC Valley National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Vigil, Nick
Oct 28, 2015 FRB Bank of McKenney Section 19 Letters: James Bryant Neville, Jr.
Oct 23, 2015 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
Oct 19, 2015
Released Oct 20, 2015		 FRB Investment Trust Company Cease and Desist Order: Crédit Agricole S.A., Paris, France, and Crédit Agricole Corporate and …
Oct 19, 2015
Released Oct 20, 2015		 FRB Credit Agricole S.A. Civil Money Penalty, $90,300,000: Credit Agricole S.A. Paris, France
Oct 16, 2015
Released Oct 19, 2015		 FRB Regions Bank Civil Money Penalty, $100,000: Thomas A. Neely, Jr.
Oct 16, 2015
Released Oct 19, 2015		 FRB Regions Bank Prohibition from Banking: Thomas A. Neely, Jr.
Oct 6, 2015 OCC Lydian Private Bank Civil Money Penalty (CMP): Brown, Rory
Oct 2, 2015 OCC First Financial Bank Civil Money Penalty (CMP): First Financial Bank, National Association
Oct 1, 2015 OCC First National Bank Prohibition/Removal Orders: Dailey, Robert Wilson
Sep 18, 2015
Released Sep 22, 2015		 FRB First State Bank of Colorado Civil Money Penalty, $9,285: First State Bank of Colorado, Hotchkiss, Colorado
Sep 18, 2015 FRB First Iowa State Bank Section 19 Letters: Ann Marie Sperfslage
Sep 15, 2015 OCC Wells Fargo Bank, N.A. GLBA Agreement: Wells Fargo Bank, National Association

Browse adjacent years: 2014 · 2016

Or jump to a category: Failures · Mergers · Enforcement · Assistance