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 |
|---|---|---|
| Jul 1, 2015 | Seaport Credit Union | St. Jean's Credit Union |
| Jul 1, 2015 | Newport Site Employees Federal Credit Union | Del-One Federal Credit Union |
| Jul 1, 2015 | Saint Patrick Credit Union | Security Credit Union |
| Jul 1, 2015 | Golden Key Federal Credit Union | Raiz Federal Credit Union |
| Jul 1, 2015 | The Vernon Bank | Merchants & Farmers Bank & Trust Company |
| Jul 1, 2015 | Secure First Credit Union | Mutual Savings Credit Union |
| Jul 1, 2015 | Benchsmart Federal Credit Union | Magnolia Federal Credit Union |
| Jul 1, 2015 | Tri-County Credit Union, Inc. | Cardinal Credit Union, Inc. |
| Jul 1, 2015 | Lake State Credit Union | Members Cooperative Credit Union |
| Jul 1, 2015 | The Citizens National Bank | Trunorth Bank |
| Jul 1, 2015 | U S Veterans Administration New Or Federal Credit Union | Riverland Federal Credit Union |
| Jul 1, 2015 | Education Employee Credit Union | Summit Credit Union |
| Jul 1, 2015 | Peoples Federal Savings Bank of DeKalb County | Horizon Bank |
| Jul 1, 2015 | West Liberty State Bank | South Ottumwa Savings Bank |
| Jul 1, 2015 | Liberty Savings Bank, FSB | Peoples Bank |
| Jul 1, 2015 | Mount Zion Ame Church Federal Credit Union | Servco Federal Credit Union |
| Jul 1, 2015 | Dallas Santa Fe Credit Union | Texas Telcom Credit Union |
| Jul 1, 2015 | Heritage Bank of the South | Renasant Bank |
| Jul 1, 2015 | Norway Community Credit Union | U.P. State Credit Union |
| Jul 1, 2015 | Healthcare Community Credit Union | Communityamerica Federal Credit Union |
| Jul 1, 2015 | Catasauqua Area Federal Credit Union | First Commonwealth Federal Credit Union |
| Jul 1, 2015 | Kolmar NY Employees Federal Credit Union | Heritage Financial Federal Credit Union |
| Jul 1, 2015 | Richmond Community Federal Credit Union | Peach State Federal Credit Union |
| Jul 1, 2015 | Automotive Aftermarket Employees Federal Credit Union | Destinations Credit Union |
| Jul 1, 2015 | Houghton Mifflin Employees Federal Credit Union | Hanscom Federal Credit Union |
| Jul 1, 2015 | Good Shepherd Credit Union | Credit Union One |
| Jul 1, 2015 | Allied Credit Union | New Horizons Credit Union |
| Jul 1, 2015 | 65 Family Federal Credit Union | Entertainment Industries Federal Credit Union |
| Jul 1, 2015 | Cadence Financial Corporation | Cadence Bancorporation |
| Jul 1, 2015 | Vernon Bancshares, Inc. | Merchants & Farmers Bancshares, Inc. |
| Jul 1, 2015 | Community First Bank | Providence Bank |
| Jul 1, 2015 | Citizens National Bancorp, Inc. | Hometown Financial Group, Inc |
| Jul 1, 2015 | Valley Bank | Bank of North Carolina |
| Jul 1, 2015 | Valley Financial Corporation | BNC Bancorp |
| Jul 1, 2015 | Ibt Bancorp, Inc. | Veritex Holdings, Inc. |
| Jul 1, 2015 | Independent Bank of Texas | Veritex Community Bank |
| Jul 1, 2015 | Midamerica Financial Corporation | BTC Financial Corporation |
| Jul 1, 2015 | RelianzBank | Union State Bank |
| Jul 1, 2015 | Community Southern Bank | Sunshine Bank |
| Jul 1, 2015 | Peoples Bancorp, Inc. | Horizon Bancorp, Inc. |
| Jul 1, 2015 | Heritage Financial Group, Inc. | Renasant Corporation |
| Jul 1, 2015 | Community Southern Holdings, Inc. | Sunshine Bancorp, Inc. |
| Jun 30, 2015 | St. Martin's Federal Credit Union | Lower East Side People's Federal Credit Union |
| Jun 30, 2015 | Bridge Capital Holdings | Western Alliance Bancorporation |
| Jun 30, 2015 | German American Financial Advisors & Trust Company | German American Investment Services, Inc |
| Jun 30, 2015 | Bridge Bank, National Association | Western Alliance Bank |
| Jun 30, 2015 | Hudson Valley Holding Corp. | Sterling Bancorp |
| Jun 30, 2015 | Newport Beach City Employees Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jun 30, 2015 | Riverwood-Maritime Credit Union | Fox Communities Credit Union |
| Jun 29, 2015 | Bank of the Wichitas | All America Bank |
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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