Calendar Year
2017 in US Banking
807 bank events are on record for 2017: 8 failures, 608 mergers or acquisitions involving a bank, credit union or bank holding company, and 191 enforcement actions.
8
Failures
$5.08B in failed assets
608
Mergers
Federal Reserve NIC, banking organizations
191
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 2017 · Bank mergers 2017
How many banks failed in 2017?
8 banks failed in 2017, with $5.08B in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Dec 15, 2017 | Washington Federal Bank for Savings | $166.3M |
| Oct 13, 2017 | The Farmers and Merchants State Bank of Argonia | $33.0M |
| May 26, 2017 | Fayette County Bank | $34.4M |
| May 5, 2017 | Guaranty Bank | $1.03B |
| Apr 28, 2017 | First NBC Bank | $3.33B |
| Mar 3, 2017 | Proficio Bank | $68.2M |
| Jan 27, 2017 | Seaway Bank and Trust Company | $297.8M |
| Jan 13, 2017 | Harvest Community Bank | $124.2M |
Which banks merged in 2017?
608 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2017.
See the fuller list: Bank mergers 2017 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Dec 31, 2017 | Mizuho Trust & Banking Co. USA | Mizuho Bank (USA) |
| Dec 31, 2017 | The First and Farmers Bank Holding Company | Full Service Insurance Agency, Inc. |
| Dec 31, 2017 | Unified People's Federal Credit Union | Nuvision Federal Credit Union |
| Dec 31, 2017 | Transfiguration Manhattan Federal Credit Union | New York Times Employees Federal Credit Union |
| Dec 30, 2017 | Meetinghouse Bank | East Boston Savings Bank |
| Dec 30, 2017 | Meetinghouse Bancorp Inc | Meridian Bancorp, Inc. |
| Dec 29, 2017 | Pbna, L.L.C. | Peoples Bank |
| Dec 28, 2017 | New Frontier Bancshares, Inc. | Lincoln County Bancorp, Inc. |
| Dec 16, 2017 | Carolina Premier Bank | Select Bank & Trust Company |
| Dec 16, 2017 | Premara Financial, Inc. | Select Bancorp Inc. |
| Dec 16, 2017 | Harbor Area Postal Employees Federal Credit Union | Arrowhead Federal Credit Union |
| Dec 15, 2017 | Royal Bancshares of Pennsylvania, Inc. | Bryn Mawr Bank Corporation |
| Dec 15, 2017 | Royal Bank America | The Bryn Mawr Trust Company |
| Dec 9, 2017 | Valley Bank & Trust | TBK Bank, SSB |
| Dec 9, 2017 | Valley Bancorp, Inc. | Triumph Financial, Inc. |
| Dec 9, 2017 | Dutton State Bank | The State Bank of Townsend |
| Dec 7, 2017 | Saint Martin Bancshares, Inc. | Home Bancorp, Inc. |
| Dec 7, 2017 | NFB Acquisitions, Inc. | New Frontier Bancshares, Inc. |
| Dec 7, 2017 | St. Martin Bank and Trust Company | Home Bank, N.A. |
| Dec 2, 2017 | Peoples Bank of Commerce | First Bank & Trust |
| Dec 2, 2017 | State Bank of New Prague | First Bank & Trust |
| Dec 2, 2017 | Guaranty Bank and Trust Company | Cedar Rapids Bank and Trust Company |
| Dec 2, 2017 | Meadows Credit Union | Consumers Credit Union |
| Dec 1, 2017 | MY Choice Federal Credit Union | Tinker Federal Credit Union |
| Dec 1, 2017 | Park Sterling Corporation | SouthState Bank Corporation |
| Dec 1, 2017 | Capital Bank Financial Corp. | First Horizon Corporation |
| Dec 1, 2017 | Capital Bank Corporation | First Horizon Bank |
| Dec 1, 2017 | Liberty Bancshares, Inc. | Veritex Holdings, Inc. |
| Dec 1, 2017 | Park Sterling Bank | South State Bank |
| Dec 1, 2017 | Diboll State Bancshares, Inc. | Southside Bancshares, Inc. |
| Dec 1, 2017 | Boj Bancshares, Inc. | Investar Holding Corporation |
| Dec 1, 2017 | Lakeshore Community Credit Union | Lormet Community Federal Credit Union |
| Dec 1, 2017 | Saint Jules Credit Union | Pelican Credit Union |
| Dec 1, 2017 | Southeast Federal Credit Union | Peach State Federal Credit Union |
| Dec 1, 2017 | Toledo Teamsters Federal Credit Union | Directions Credit Union |
| Dec 1, 2017 | Liberty Bank | Veritex Community Bank |
| Dec 1, 2017 | Virginia Boxer Federal Credit Union | Connects Federal Credit Union |
| Dec 1, 2017 | First Bank & Trust East Texas | Southside Bank |
| Dec 1, 2017 | The Highlands Bank | Investar Bank, N.A. |
| Dec 1, 2017 | Danville City Employees Federal Credit Union | Beacon Credit Union Incorporated |
| Dec 1, 2017 | Philadelphia Post Office Employees Credit Union | Delco Postal Cu |
| Dec 1, 2017 | Dennison Federal Credit Union | Bloom Credit Union |
| Dec 1, 2017 | Good Street Baptist Church Federal Credit Union | Neighborhood Credit Union |
| Dec 1, 2017 | Rafe Federal Credit Union | Financial Partners Credit Union |
| Dec 1, 2017 | Webster City Municipal Credit Union | Peoples Credit Union |
| Dec 1, 2017 | Pacific Community Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Dec 1, 2017 | Clearchoice Federal Credit Union | Utilities Employees Credit Union |
| Nov 29, 2017 | Community Bancshares Coast, Inc. | Community Bancshares of Mississippi, Inc. |
| Nov 27, 2017 | Farmers State Bank | Nebraska Bank |
| Nov 21, 2017 | Bank of Napa, N.A. | Bank of Marin |
The list holds 500 of the 608 mergers recorded for 2017.
Enforcement Actions in 2017
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Dec 27, 2017 | OCC | Citibank, N.A. | Civil Money Penalty (CMP): Citibank, National Association |
| Dec 14, 2017 Released Dec 19, 2017 | FRB | (individual) | Cease and Desist Order: Société Générale (Societe Generale), Paris, France, and Société Générale (Societe … |
| Dec 13, 2017 Released Dec 15, 2017 | FRB | The First State Bank of Commerce | Prohibition from Banking: Angela Asbell |
| Dec 13, 2017 Released Dec 15, 2017 | FRB | NBRS Financial Bank | Prohibition from Banking: Lowell W. McCoy |
| Dec 13, 2017 Released Dec 15, 2017 | FRB | Regions Bank | Prohibition from Banking: Jacob Harrison |
| Dec 12, 2017 | OCC | Community First Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Perkins, Mark |
| Dec 12, 2017 | OCC | Community First Bank | Civil Money Penalty (CMP): Perkins, Mark |
| Dec 7, 2017 | OCC | Boulevard Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ringsdorf, Robert |
| Dec 7, 2017 | OCC | Washington Federal Bank for Savings | Prompt Corrective Action (PCA) Directive: Washington Federal Bank For Savings |
| Nov 28, 2017 | FRB | (individual) | Consent Order: Peoples Bank, Lawrence, Kansas |
| Nov 21, 2017 | OCC | One National Bancshares, Inc. | Prohibition/Removal Orders: Whitehead, Tom |
| Nov 21, 2017 | OCC | One National Bancshares, Inc. | C&D or PC&D Requiring Restitution: Whitehead, Tom |
| Nov 21, 2017 | FRB | Abbey National Treasury Services PLC | Section 19 Letters: Rosemarie Collazo |
| Nov 14, 2017 | OCC | Firstar Bank | Prohibition/Removal Orders: Ferguson, Blake |
| Nov 9, 2017 | FRB | Community Trust Bank, Inc. | Section 19 Letters: Patricia C. Ison |
| Nov 9, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Kurtis L. Goines, Jr. |
| Nov 9, 2017 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): MUFG Bank, Ltd. Secondary NY Branch |
| Nov 9, 2017 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): MUFG Bank, Ltd. Primary NY Branch |
| Nov 3, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Christian T. Alexander |
| Nov 2, 2017 | OCC | WCF Financial Bank | Civil Money Penalty (CMP): Swon, Kyle |
| Oct 31, 2017 Released Nov 2, 2017 | FRB | Wayne Bank and Trust Co. | Civil Money Penalty: Wayne Bank and Trust Company |
| Oct 31, 2017 | OCC | First Federal Savings & Loan Association of Pascagoula-Moss Point | Civil Money Penalty (CMP): First FS & LA |
| Oct 26, 2017 | OCC | The Citizens National Bank of Meridian | Prohibition/Removal Orders: Jordan, Mark B. |
| Oct 25, 2017 Released Oct 26, 2017 | FRB | (individual) | Consent Order: Mid America Bank and Trust Company, Dixon, Missouri |
| Oct 25, 2017 | OCC | First National Bank | Prohibition/Removal Orders: McCarthy, Michael |
| Oct 25, 2017 | OCC | First National Bank | Prohibition/Removal Orders: Gandy, Robert |
| Oct 25, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): McCarthy, Michael |
| Oct 25, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): Leal, Eduardo |
| Oct 25, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): Gandy, Robert |
| Oct 25, 2017 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Leal, Eduardo |
| Oct 18, 2017 | FRB | (individual) | Section 19 Letters: Travis Montgomery Horner |
| Oct 17, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Lapala L. Crawford |
| Oct 17, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Christopher C. Rivera |
| Oct 13, 2017 | FRB | (individual) | Section 19 Letters: Wendy Jopko |
| Oct 10, 2017 | OCC | Citibank, N.A. | Civil Money Penalty (CMP): Citibank, National Association |
| Oct 6, 2017 Released Oct 10, 2017 | FRB | (individual) | Civil Money Penalty, $12,000: Farmers State Bank |
| Oct 6, 2017 Released Oct 10, 2017 | FRB | Bank of Gueydan | Civil Money Penalty, $7,000: Bank of Gueydan |
| Oct 5, 2017 | OCC | Citizens Bank and Trust of Lebanon, Inc. | Civil Money Penalty (CMP): Kirkland, Karen |
| Oct 5, 2017 | OCC | Citizens Bank and Trust of Lebanon, Inc. | Prohibition/Removal Orders: Kirkland, Karen |
| Oct 4, 2017 | OCC | The First National Bank of Gilbert | Prohibition/Removal Orders: Skenzich, Shelly M. |
| Oct 3, 2017 | FRB | Credit Suisse | Section 19 Letters: Susanne D. Ruegg Meier |
| Oct 2, 2017 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Garza, Oscar |
| Oct 2, 2017 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Guerra, Arcadio |
| Oct 2, 2017 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): McClelland, Jack |
| Oct 2, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): Bair, Dwayne |
| Oct 2, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): Garza, Oscar |
| Oct 2, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): Guerra, Arcadio |
| Oct 2, 2017 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bair, Dwayne |
| Oct 2, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): McClelland, Jack |
| Sep 29, 2017 | FRB | HSBC Holdings PLC | Civil Money Penalty, $175,296,000: HSBC Holdings PLC, London, United Kingdom and HSBC North America … |
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