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 |
|---|---|---|
| Sep 9, 2017 | Atlantic National Bank | Primesouth Bank |
| Sep 9, 2017 | The State Bank of Blue Rapids | First Commerce Bank |
| Sep 9, 2017 | Benchmark Bancorp, Inc. | United Bancshares, Inc. |
| Sep 7, 2017 | Mountain Valley Bancshares, Inc. | Piedmont Bancorp, Inc. |
| Sep 7, 2017 | Mountain Valley Community Bank | The Piedmont Bank |
| Sep 5, 2017 | First South Bank | Simmons Bank |
| Sep 2, 2017 | Centrue Bank | Midland States Bank |
| Sep 2, 2017 | Resurgens Bank | CharterBank |
| Sep 2, 2017 | Resurgens Bancorp | Charter Financial Corporation |
| Sep 1, 2017 | Triple C 16 Federal Credit Union | LM Federal Credit Union |
| Sep 1, 2017 | Patriot Bank | National Bank of Commerce |
| Sep 1, 2017 | Lafayette Community Bancorp | Horizon Bancorp, Inc. |
| Sep 1, 2017 | Lafayette Community Bank | Horizon Bank |
| Sep 1, 2017 | Peoples Bank | Advia Credit Union |
| Sep 1, 2017 | Saint Stephens Federal Credit Union | Our Mother of Mercy Parish Houston Federal Credit Union |
| Sep 1, 2017 | Valley Bell Federal Credit Union | Members Choice WV Federal Credit Union |
| Sep 1, 2017 | West Maui Community Federal Credit Union | Maui County Federal Credit Union |
| Sep 1, 2017 | Madco Credit Union | 1st Midamerica Credit Union |
| Sep 1, 2017 | L C Municipal Federal Credit Union | Access of Louisiana Federal Credit Union |
| Sep 1, 2017 | Osu Technical Branch Federal Credit Union | First Family Federal Credit Union |
| Sep 1, 2017 | Peru Municipal Credit Union | Illinois Valley Credit Union |
| Sep 1, 2017 | Standard Steel Employees Federal Credit Union | Blue Chip Federal Credit Union |
| Sep 1, 2017 | Financial Federal Credit Union | Tropical Financial Credit Union |
| Aug 31, 2017 | Love Gospel Assembly Federal Credit Union | Usalliance Federal Credit Union |
| Aug 31, 2017 | Nea Federal Credit Union | Affinity Federal Credit Union |
| Aug 19, 2017 | Wells Federal Bank | Ccfbank N.A. |
| Aug 19, 2017 | Wells Financial Corp. | Citizens Community Bancorp, Inc. |
| Aug 17, 2017 | Leahi Federal Credit Union | University of Hawaii Federal Credit Union |
| Aug 16, 2017 | Monitor Bancorp, Inc. | Farmers National Banc Corp. |
| Aug 16, 2017 | The Monitor Bank | The Farmers National Bank of Canfield |
| Aug 12, 2017 | Hometown Bank of the Hudson Valley | Wallkill Valley Federal Savings and Loan Association |
| Aug 12, 2017 | Avon State Bank | American Heritage National Bank |
| Aug 12, 2017 | Bank of the Cascades | First Interstate Bank |
| Aug 1, 2017 | The Bank of Whitewater | Vintage Bank Kansas |
| Aug 1, 2017 | First Niagara Commercial Finance, Inc. | KeyBank N.A. |
| Aug 1, 2017 | Sovereign Bancshares, Inc. | Veritex Holdings, Inc. |
| Aug 1, 2017 | Sovereign Bank | Veritex Community Bank |
| Aug 1, 2017 | HCSB Financial Corporation | United Community Banks, Inc. |
| Aug 1, 2017 | Horry County State Bank | United Community Bank |
| Aug 1, 2017 | American City Bank | FirstBank |
| Aug 1, 2017 | Rose City Federal Credit Union | Envision Credit Union |
| Aug 1, 2017 | Ici America Federal Credit Union | Del-One Federal Credit Union |
| Aug 1, 2017 | Thunder Bay Area Credit Union | Wolverine State Credit Union |
| Aug 1, 2017 | Daijo Federal Credit Union | Nikkei Credit Union |
| Aug 1, 2017 | Fedcom Credit Union | Members First Credit Union dba Members First Investment Services |
| Aug 1, 2017 | East Feliciana Teachers Federal Credit Union | Pelican Credit Union |
| Aug 1, 2017 | Able Federal Credit Union | First Peoples Community Federal Credit Union |
| Aug 1, 2017 | Star Harbor Federal Credit Union | Financial Partners Credit Union |
| Aug 1, 2017 | Lakes Area Federal Credit Union | Members Cooperative Credit Union |
| Aug 1, 2017 | Ocean Communities Federal Credit Union | Lighthouse Federal Credit Union |
The list holds 500 of the 608 mergers recorded for 2017.
Enforcement Actions in 2017
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Sep 29, 2017 | FRB | HSBC Holdings PLC | Cease and Desist Order: HSBC Holdings PLC, London, United Kingdom and HSBC North America … |
| Sep 28, 2017 | OCC | First National Bank of Omaha | Prohibition/Removal Orders: Corday, Dana |
| Sep 25, 2017 | OCC | First National Bank | Notice of Charges: Ortega, Saul |
| Sep 25, 2017 | OCC | First National Bank | Notice of Charges: Rogers, David |
| Sep 13, 2017 Released Sep 14, 2017 | FRB | First Nebraska Bank | Civil Money Penalty, $55,500: First Nebraska Bank, Valley, Nebraska |
| Sep 8, 2017 Released Sep 12, 2017 | FRB | Markesan State Bank | Written Agreement: Markesan State Bank, Markesan, Wisconsin |
| Sep 8, 2017 | OCC | Exchange National Bank Trust Co., Ltd. | Prohibition/Removal Orders: Blacketer, Ashley |
| Sep 7, 2017 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Swain, Shawna L. |
| Sep 6, 2017 | OCC | The National Republic Bank of Chicago | Prohibition/Removal Orders: Fitzgerald, Edward |
| Sep 6, 2017 | OCC | The National Republic Bank of Chicago | Civil Money Penalty (CMP): Fitzgerald, Edward |
| Aug 30, 2017 Released Sep 5, 2017 | FRB | Regions Bank | Prohibition from Banking: Daniel X. Brennan |
| Aug 29, 2017 | OCC | U.S. Bank N.A. | Prohibition/Removal Orders: Miller, Betty Gail |
| Aug 28, 2017 Released Aug 29, 2017 | FRB | Four Oaks Bank & Trust Company | Prohibition from Banking: James M. Riley |
| Aug 24, 2017 | OCC | Wells Fargo Bank, N.A. | C&D or PC&D Requiring Restitution: Johnson, Jenai J. |
| Aug 24, 2017 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Laxman, Daksha |
| Aug 24, 2017 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Johnson, Jenai J. |
| Aug 18, 2017 Released Aug 22, 2017 | FRB | (individual) | Cease and Desist Order: The Bank & Trust, S.S.B. |
| Aug 17, 2017 | OCC | U.S. Bank N.A. | Prohibition/Removal Orders: Marquez, Samuel |
| Aug 16, 2017 | OCC | U.S. Bank N.A. | Civil Money Penalty (CMP): U.S. Bank National Association |
| Aug 15, 2017 Released Jan 23, 2018 | FRB | (individual) | Prompt Corrective Action: Heartland Bank, Little Rock, Arkansas |
| Aug 9, 2017 | OCC | One National Bancshares, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bynum, Wilson Daniels |
| Aug 9, 2017 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Drexel, Anne-Marie |
| Aug 7, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Monique L. Stroud |
| Aug 7, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Lauren M. Watkins |
| Aug 2, 2017 | OCC | The First National Bank of Dozier | Prohibition/Removal Orders: Kallas, Amy Rodgers |
| Aug 1, 2017 | OCC | UMB Bank, N.A. | Civil Money Penalty (CMP): UMB Bank, National Association |
| Aug 1, 2017 | OCC | UMB Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): UMB Bank, National Association |
| Aug 1, 2017 | OCC | UMB Bank, N.A. | C&D or PC&D Requiring Restitution: UMB Bank, National Association |
| Jul 31, 2017 | FRB | Regions Bank | Section 19 Letters: Laurae Hatley |
| Jul 31, 2017 | FRB | Regions Bank | Section 19 Letters: Kara Wren Myers |
| Jul 28, 2017 Released Aug 1, 2017 | FRB | Federal One Holdings, LLC | Written Agreement: Federal One Holdings, LLC, Milton, Massachusetts and Admirals Bancorp, Inc., Boston, Massachusetts |
| Jul 27, 2017 | FRB | Frost Bank | Section 19 Letters: Steven Michael |
| Jul 27, 2017 | FRB | Frost Bank | Section 19 Letters: Meagan Hollis |
| Jul 27, 2017 | FRB | Comerica Bank | Section 19 Letters: Olusegun Jinadu |
| Jul 24, 2017 | FRB | Highlands Union Bank | Section 19 Letters: Lisa Gregory |
| Jul 21, 2017 Released Jul 24, 2017 | FRB | Barclays Bank of New York, National Association | Prohibition from Banking: Michael Weston |
| Jul 19, 2017 | OCC | Midsouth Bank, N.A. | Formal Agreement: Midsouth Bank, National Association |
| Jul 18, 2017 | OCC | Continental Bancorp | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Continental National Bank |
| Jul 17, 2017 | FRB | BNP Paribas Securities Corp. | Civil Money Penalty, $246,375,000: BNP PARIBAS S.A., Paris, France, BNP PARIBAS USA, INC., New … |
| Jul 17, 2017 | OCC | Community National Bank in Monmouth | Formal Agreement: Community National Bank in Monmouth |
| Jul 17, 2017 | FRB | BNP Paribas Securities Corp. | Cease and Desist Order: BNP PARIBAS S.A., Paris, France, BNP PARIBAS USA, INC., New … |
| Jul 10, 2017 | OCC | United Americas Bank, N.A. | Civil Money Penalty (CMP): Blanton, William R. |
| Jul 10, 2017 | OCC | Citizens Federal Savings Bank | Civil Money Penalty (CMP): Roming, Ron |
| Jul 6, 2017 Released Aug 1, 2017 | FRB | Mesquite Financial Services, Inc. | Written Agreement: Mesquite Financial Services, Inc. |
| Jun 29, 2017 | OCC | Huron National Bancorp, Inc. | Formal Agreement: Huron National Bank |
| Jun 27, 2017 | FRB | (individual) | Section 19 Letters: William A. Brown |
| Jun 27, 2017 | FRB | (individual) | Civil Money Penalty, $3 million: Bank of New York Mellon Corporation (BNY Mellon) |
| Jun 21, 2017 | OCC | First National Bank PLC | Civil Money Penalty (CMP): Thoe, Sylvia |
| Jun 16, 2017 | OCC | (individual) | Formal Agreement: Loomis FS & LA |
| Jun 12, 2017 | FRB | Weymouth Bank | Section 19 Letters: William R. Hartnett |
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