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 | Assets |
|---|---|---|
| Oct 2, 2015 | The Bank of Georgia | $286.1M |
| Oct 2, 2015 | Hometown National Bank | $3.8M |
| Jul 10, 2015 | Premier Bank | $26.8M |
| May 8, 2015 | Edgebrook Bank | $90.0M |
| Feb 27, 2015 | Doral Bank | $5.90B |
| Feb 13, 2015 | Capitol City Bank & Trust Company | $272.3M |
| Jan 23, 2015 | Highland Community Bank | $54.7M |
| Jan 16, 2015 | First National Bank of Crestview | $73.8M |
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 | Acquirer |
|---|---|---|
| Aug 22, 2015 | Community Bancorporation of New Mexico, Inc. | Heartland Financial USA, Inc. |
| Aug 22, 2015 | Talmer West Bank | Talmer Bank and Trust |
| Aug 22, 2015 | Bank of Stapleton | Community First Bank |
| Aug 21, 2015 | Focus Business Bank | Heritage Bank of Commerce |
| Aug 15, 2015 | Sidell State Bank | Prospect Bank |
| Aug 15, 2015 | LNB Bancorp Inc. | Northwest Bancshares Inc |
| Aug 15, 2015 | Kasson State Bank | Home Federal Savings Bank |
| Aug 15, 2015 | The First National Bank of Chillicothe | American National Bank & Trust |
| Aug 15, 2015 | First Bank & Trust, National Association | First Bank & Trust |
| Aug 15, 2015 | First Bank & Trust of Milbank | First Bank & Trust |
| Aug 15, 2015 | The Lorain National Bank | Northwest Bank |
| Aug 8, 2015 | Franklin Bank | Community State Bank |
| Aug 8, 2015 | Franklin Bancshares, Inc | CSB Financial Holdings, Inc. |
| Aug 7, 2015 | Lancaster Press Employees Federal Credit Union | Lancaster Red Rose Credit Union |
| Aug 6, 2015 | Bank of the Carolinas Corporation | Bank of the Ozarks Inc |
| Aug 6, 2015 | Bank of the Carolinas | Bank OZK |
| Aug 3, 2015 | CIT Bank | CIT Bank, National Association |
| Aug 3, 2015 | Carbon Merger Sub LLC | CIT Group Inc. |
| Aug 3, 2015 | Imb Holdco LLC | CIT Group Inc. |
| Aug 2, 2015 | Empire State Credit Union | Rockland Employees Federal Credit Union |
| Aug 1, 2015 | First Bank, National Association | First Financial Bank |
| Aug 1, 2015 | Equitable Bancorp, Inc. | Equitable Bancorp, Inc. |
| Aug 1, 2015 | Equitable Bancorp MHC | Equitable Bancorp, MHC |
| Aug 1, 2015 | 1st Portfolio Holding Comp | Washingtonfirst Bank |
| Aug 1, 2015 | CapitalMark Bank & Trust | Pinnacle Bank |
| Aug 1, 2015 | Colonial American Bank | OceanFirst Bank, N.A. |
| Aug 1, 2015 | Texas Leadership Bank | Guaranty Bank & Trust, N.A. |
| Aug 1, 2015 | FBC Bancshares, Inc. | First Financial Bankshares, Inc. |
| Aug 1, 2015 | Susquehanna Trust & Investment Company | Truist Bank |
| Aug 1, 2015 | Pine River Bank Corp. | National Bank Holdings Corporation |
| Aug 1, 2015 | Semper Trust Company | Truist Bank |
| Aug 1, 2015 | Asia Bancshares, Inc. | Cathay General Bancorp |
| Aug 1, 2015 | Susquehanna Bancshares, Inc. | Truist Financial Corporation |
| Aug 1, 2015 | United Shoreline Federal Credit Union | Crosspoint Federal Credit Union |
| Aug 1, 2015 | Four Four Credit Union | F R B Federal Credit Union |
| Aug 1, 2015 | Elkhorn Federal Credit Union | Intrepid Credit Union |
| Aug 1, 2015 | Asia Bank, National Association | Cathay Bank |
| Aug 1, 2015 | Pacific Oaks Federal Credit Union | Premier America Credit Union |
| Aug 1, 2015 | N.Y.C. Employees Credit Union | Siu Credit Union |
| Aug 1, 2015 | Northland Credit Union | Gesa Credit Union |
| Aug 1, 2015 | Winchester Community Federal Credit Union | Apple Federal Credit Union |
| Aug 1, 2015 | Rapid City Telco Federal Credit Union | Sentinel Federal Credit Union |
| Aug 1, 2015 | Susquehanna Bank | Truist Bank |
| Aug 1, 2015 | Lehigh Valley Credit Union | Peoples Credit Union |
| Aug 1, 2015 | (unnamed) | Pan American Bank |
| Aug 1, 2015 | Pine River Valley Bank | NBH Bank |
| Aug 1, 2015 | LMCC Employees Federal Credit Union | Employees Choice Federal Credit Union |
| Aug 1, 2015 | First Federal Savings and Loan Association of Bucks Co | Penn Community Bank |
| Aug 1, 2015 | Bell West Community Credit Union | Great Lakes Credit Union |
| Aug 1, 2015 | Valtek Credit Union | Pacific Horizon 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 |
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