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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
Jun 29, 2015 First State Bank Mortgage Company, LLC MI First State Bank
Jun 29, 2015 Our Lady of Angels Federal Credit Union OH Saints Margaret & Gregory Federal Credit Union
Jun 29, 2015 Southwest State Bank OK All America Bank
Jun 27, 2015 Bank of Manhattan, N.A. CA Plaza Bank
Jun 27, 2015 Manhattan Bancorp CA Plaza Bancorp
Jun 27, 2015 Arvest Mortgage Company AR Arvest Bank
Jun 26, 2015 Cabisco Federal Credit Union NC Premier Federal Credit Union
Jun 26, 2015 The Elkhart State Bank TX Commercial Bank of Texas, N.A.
Jun 25, 2015 Robert Lee (Delaware), Inc. DE Robert Lee Bancshares, Inc.
Jun 20, 2015 The Bank of Kentucky, Inc. KY Truist Bank
Jun 20, 2015 SunBank, National Association AZ Academy Bank, N.A.
Jun 20, 2015 Community National Bank NY Dime Commercial Bank
Jun 20, 2015 Armed Forces Bank of California, National Association CA Armed Forces Bank, N.A.
Jun 20, 2015 The Bank of Kentucky Financial Corporation KY Truist Financial Corporation
Jun 20, 2015 Southern Commerce Bank, National Association FL Academy Bank, N.A.
Jun 19, 2015 National Bancshares Corporation OH Farmers National Banc Corp.
Jun 19, 2015 M.S.B. Corporation IA NXT Bancorporation, Inc.
Jun 19, 2015 First National Bank OH The Farmers National Bank of Canfield
Jun 16, 2015 Teb, Inc. TX Austin Bancorp, Inc.
Jun 16, 2015 Pacific Rim Bank HI First Foundation Bank
Jun 16, 2015 Jaci, Inc. DE Capital Bancorp, Inc.
Jun 15, 2015 American Bank of St. Paul MN Deerwood Bank
Jun 13, 2015 Neighborhood National Bank MN Neighborhood National Bank
Jun 13, 2015 Public Employees Credit Union ID Idaho Central Credit Union
Jun 12, 2015 Teton Bancshares, Inc. MT Inter-Mountain Bancorp., Inc.
Jun 10, 2015 Merrill Lynch Princeton Incorporated NY Bac North America Holding Company
Jun 6, 2015 State Bank of Park Rapids MN Northview Bank
Jun 6, 2015 Union Federal Savings Bank RI Axos Bank
Jun 5, 2015 Valparaiso Enterprises, Inc. NE Jones National Corporation
Jun 1, 2015 Southland Savings Federal Credit Union CA Financial Partners Credit Union
Jun 1, 2015 F.N.B. Payroll Services, LLC PA First National Bank of Pennsylvania
Jun 1, 2015 Meridian Bank Texas TX UMB Bank, N.A.
Jun 1, 2015 Fnbpa Investments Corporation DE First National Bank of Pennsylvania
Jun 1, 2015 Georgia Commerce Bank GA Iberiabank
Jun 1, 2015 Georgia Commerce Bancshares, Inc. GA Iberiabank Corporation
Jun 1, 2015 Lake Michigan Financial Corporation MI TCF Financial Corporation
Jun 1, 2015 Marquette Financial Companies MN UMB Financial Corporation
Jun 1, 2015 CMC Holding Delaware Inc. DE J.P. Morgan Equity Holdings, LLC
Jun 1, 2015 Meridian Bank, National Association AZ UMB Bank, N.A.
Jun 1, 2015 TCC Credit Union TX Texas Dow Employees Credit Union
Jun 1, 2015 Sperry Marine Federal Credit Union VA Virginia Federal Credit Union
Jun 1, 2015 NLRB Federal Credit Union DC Department of Labor Federal Credit Union
Jun 1, 2015 First National Bank of Colorado City TX First Bank & Trust
Jun 1, 2015 Commonwealth Bank, FSB KY Town Square Bank
Jun 1, 2015 SD Medical Federal Credit Union CA Financial Partners Credit Union
Jun 1, 2015 McHenry County Federal Credit Union IL Great Lakes Credit Union
Jun 1, 2015 Industrial Credit Union MA Webster First Federal Credit Union
Jun 1, 2015 Chesapeake Public Schools Credit Union VA Bayport Federal Credit Union
Jun 1, 2015 Valley Bell Credit Union IL Alero Financial Credit Union
Jun 1, 2015 Saint Francis De Sales Parish Federal Credit Union OH All Saints Federal 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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