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 |
|---|---|---|
| May 1, 2017 | Emc Credit Union | Community Choice Credit Union |
| May 1, 2017 | Miramar Federal Credit Union | Pentagon Federal Credit Union |
| May 1, 2017 | Employment Security Employees Credit Union | 1st Kansas Credit Union |
| May 1, 2017 | Triangle Credit Union, Inc. | Day Air Credit Union, Inc. |
| May 1, 2017 | Perry Point Federal Credit Union | Central Credit Union of Maryland |
| May 1, 2017 | Hingham Federal Credit Union | Liberty Bay Credit Union |
| May 1, 2017 | West Denver Community Credit Union | Denver Community Credit Union dba Zing Credit Union |
| May 1, 2017 | Manor Bank | NexTier Bank, N.A. |
| Apr 29, 2017 | The First National Bank - Fox Valley | Nicolet National Bank |
| Apr 29, 2017 | Merit Bank | Academy Bank, N.A. |
| Apr 29, 2017 | First Ulb Corp. | Baycom Corp |
| Apr 29, 2017 | United Business Bank, F.S.B. | United Business Bank |
| Apr 29, 2017 | First Menasha Bancshares, Inc. | Nicolet Bankshares, Inc. |
| Apr 22, 2017 | Prospect Federal Savings Bank | Hoyne Savings Bank |
| Apr 22, 2017 | The State Bank of Ewen | Gogebic Range Bank |
| Apr 22, 2017 | Cardinal Bank | United Bank |
| Apr 22, 2017 | Cardinal Financial Corporation | Ubv Holding Company, LLC |
| Apr 22, 2017 | Westfield Area Federal Credit Union | North East Welch Federal Credit Union |
| Apr 8, 2017 | Muleshoe State Bank | AIMBank |
| Apr 8, 2017 | Allegheny Valley Bank of Pittsburgh | Standard Bank |
| Apr 8, 2017 | Gulfshore Bancshares, Inc. | Seacoast Banking Corporation of Florida |
| Apr 8, 2017 | Gulfshore Bank | Seacoast National Bank |
| Apr 8, 2017 | Integrity First Bank | Incrediblebank |
| Apr 8, 2017 | RB Bancorporation | Trustmark Corporation |
| Apr 8, 2017 | Reliance Bank | Trustmark Bank |
| Apr 8, 2017 | High Plains Bancshares, Inc. | Aim Bancshares, Inc. |
| Apr 8, 2017 | Allegheny Valley Bancorp, Inc. | Standard Avb Financial Corp. |
| Apr 8, 2017 | Woodhaven Bank | Pinnacle Bank |
| Apr 6, 2017 | Saint James Public Schools Federal Credit Union | Northern Energy Federal Credit Union |
| Apr 3, 2017 | The Delaware County Bank and Trust Company | First Commonwealth Bank |
| Apr 3, 2017 | DCB Financial Corp | First Commonwealth Financial Corporation |
| Apr 1, 2017 | Hanna Employees Federal Credit Union | Educators Credit Union |
| Apr 1, 2017 | Platinum Bank Holding Company | Centerstate Bank Corporation |
| Apr 1, 2017 | Carlile Bancshares, Inc. | Independent Bank Group, Inc. |
| Apr 1, 2017 | Virginia Bancorp, Inc. | Bay Banks of Virginia, Inc. |
| Apr 1, 2017 | Pinnacle Bank | Central Bank |
| Apr 1, 2017 | Platinum Bank | SouthState Bank, N.A. |
| Apr 1, 2017 | Heritage Oaks Bancorp | Pacific Premier Bancorp, Inc. |
| Apr 1, 2017 | Middleburg Financial Corporation | Access National Corporation |
| Apr 1, 2017 | C.F.C. Bancorp, Inc. | Northern Interstate Financial, Inc. |
| Apr 1, 2017 | Suffolk Bancorp | People's United Financial, Inc. |
| Apr 1, 2017 | Msa Employees Federal Credit Union | Elliott Community Federal Credit Union |
| Apr 1, 2017 | Michaud Credit Union | Hope Federal Credit Union |
| Apr 1, 2017 | Touchstone Federal Credit Union | Hanscom Federal Credit Union |
| Apr 1, 2017 | Battle Creek Area Community Federal Credit Union | Honor Credit Union dba Honor Investment Services |
| Apr 1, 2017 | East Hartford Federal Credit Union | America's First Network Credit Union |
| Apr 1, 2017 | Kyang Federal Credit Union | Pentagon Federal Credit Union |
| Apr 1, 2017 | The Suffolk County National Bank of Riverhead | People's United Bank, National Association |
| Apr 1, 2017 | Heritage Oaks Bank | Pacific Premier Bank, National Association |
| Apr 1, 2017 | First Illinois Bank | Lindell Bank & Trust Company |
The list holds 500 of the 608 mergers recorded for 2017.
Enforcement Actions in 2017
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Jun 8, 2017 | FRB | EverBank Financial Corp | Civil Money Penalty, $1,800,000: Everbank Financial Corp, Jacksonville, Florida |
| Jun 7, 2017 | FRB | Regions Bank | Prohibition from Banking: Richard Henderson |
| Jun 7, 2017 | FRB | Regions Bank | Prohibition from Banking: Philip Cooper |
| Jun 6, 2017 | FRB | Metro Bank | Section 19 Letters: Nery C. Sanchez |
| Jun 5, 2017 | OCC | UBS Ag | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): UBS AG Stamford Br |
| Jun 2, 2017 | OCC | U.S. Bank N.A. | Prohibition/Removal Orders: Bumatay, Meynard |
| Jun 2, 2017 | OCC | Barrington Bank & Trust Company, N.A. | Civil Money Penalty (CMP): Perry, Timothy |
| Jun 2, 2017 | OCC | Barrington Bank & Trust Company, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Perry, Timothy |
| May 31, 2017 | FRB | (individual) | Section 19 Letters: Natoria H. Henry |
| May 26, 2017 Released May 30, 2017 | FRB | Deutsche Bank Trust Company Americas | Civil Money Penalty, $41 million: Deutsche Bank AG, Frankfurt, Germany, Deutsche Bank AG New … |
| May 26, 2017 Released May 30, 2017 | FRB | Deutsche Bank Trust Company Americas | Cease and Desist Order: Deutsche Bank AG, Frankfurt, Germany, Deutsche Bank AG New York … |
| May 24, 2017 Released May 25, 2017 | FRB | Suntrust Bank | Civil Money Penalty, $1,501,000: SunTrust Bank, Atlanta, Georgia |
| May 19, 2017 | FRB | Barclays Bank PLC | Prohibition from Banking: Christopher Ashton |
| May 19, 2017 | FRB | Barclays Bank PLC | Civil Money Penalty, $1,200,000: Christopher Ashton |
| May 18, 2017 | OCC | Integra Bank N.A. | Prohibition/Removal Orders: Camp, JoAnn |
| May 11, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Ashley N. Kilpatrick |
| May 4, 2017 | FRB | (individual) | Section 19 Letters: Kimberly Redders |
| May 4, 2017 | OCC | Guaranty Bank | Prompt Corrective Action (PCA) Directive: Guaranty Bank |
| Apr 25, 2017 | OCC | U.S. Bank N.A. | Civil Money Penalty (CMP): U.S. Bank National Association |
| Apr 24, 2017 | OCC | Charles Schwab Trust Company | Prohibition/Removal Orders: Vargas, Nicholas |
| Apr 20, 2017 | FRB | (individual) | Civil Money Penalty, $136,950,000: Deutsche Bank AG, Frankfurt am Main, Germany, and DB USA … |
| Apr 20, 2017 | FRB | (individual) | Cease and Desist Order: Deutsche Bank AG, Frankfurt am Main, Germany, DB USA Corporation, … |
| Apr 20, 2017 | FRB | (individual) | Cease and Desist Order: Deutsche Bank AG, Frankfurt am Main, Germany |
| Apr 20, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Ree'ne I. Harger |
| Apr 20, 2017 | FRB | Regency Finance Company | Section 19 Letters: Tarica S. Albaugh |
| Apr 20, 2017 | FRB | (individual) | Civil Money Penalty, $19,710,000: Deutsche Bank AG, Frankfurt am Main, Germany |
| Apr 17, 2017 | OCC | American Investors Bank and Mortgage | Formal Agreement: American Investors Bank and Mortgage |
| Apr 13, 2017 | OCC | Colonial Savings, F.A. | Civil Money Penalty (CMP): Colonial Savings, Fa |
| Apr 6, 2017 | OCC | Greenchoice Bank, FSB | Prohibition/Removal Orders: Neri, Jesus |
| Apr 6, 2017 | OCC | Greenchoice Bank, FSB | Civil Money Penalty (CMP): Neri, Jesus |
| Apr 6, 2017 | OCC | Greenchoice Bank, FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Neri, Jesus |
| Apr 6, 2017 | OCC | Greenchoice Bank, FSB | C&D or PC&D Requiring Restitution: Neri, Jesus |
| Mar 30, 2017 | OCC | 42 North Private Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Admirals Bank |
| Mar 27, 2017 Released Mar 28, 2017 | FRB | Bank of Star City | Civil Money Penalty, $11,000: Bank of Star City |
| Mar 27, 2017 | OCC | Rabobank, N.A. | Civil Money Penalty (CMP): Rabobank, National Association |
| Mar 24, 2017 | OCC | First National Bank PLC | Prohibition/Removal Orders: Overby, Archie G. |
| Mar 24, 2017 | OCC | UBS Ag | Formal Agreement: UBS Ag |
| Mar 24, 2017 | OCC | First National Bank PLC | Civil Money Penalty (CMP): Overby, Archie G. |
| Mar 24, 2017 | OCC | First National Bank PLC | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Overby, Archie G. |
| Mar 24, 2017 | OCC | First National Bank PLC | C&D or PC&D Requiring Restitution: Overby, Archie G. |
| Mar 21, 2017 Released Mar 23, 2017 | FRB | Santander Holdings USA, Inc. | Written Agreement: Santander Holdings USA, Inc., Boston, Massachusetts and Santander Consumer USA, Inc., Dallas, … |
| Mar 9, 2017 Released Mar 10, 2017 | FRB | J.P. Morgan Securities (Asia Pacific) Limited | Notice of Intent: Fang Fang |
| Mar 9, 2017 Released Mar 10, 2017 | FRB | J.P. Morgan Securities (Asia Pacific) Limited | Notice of Intent: Timothy Fletcher |
| Mar 6, 2017 Released Mar 7, 2017 | FRB | (individual) | Civil Money Penalty, $33,785: Platte Valley Bank |
| Mar 2, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Raymond Woodward |
| Mar 1, 2017 | FRB | Regions Bank | Section 19 Letters: Susan Taylor |
| Mar 1, 2017 | FRB | (individual) | Section 19 Letters: Edward O. Yoder |
| Feb 28, 2017 | OCC | Guaranty Bank | Prompt Corrective Action (PCA) Directive: Guaranty Bank |
| Feb 27, 2017 | OCC | Merchants Bank of California, N.A. | Civil Money Penalty (CMP): Merchants Bank of California, National Association |
| Feb 23, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Melanie D. Sanders |
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