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 |
|---|---|---|
| Apr 1, 2017 | Heritage Credit Union | First Pioneers Federal Credit Union |
| Apr 1, 2017 | Tioga Area Federal Credit Union | First Heritage Federal Credit Union |
| Apr 1, 2017 | Police Credit Union | Capital Credit Union |
| Apr 1, 2017 | American Federal Credit Union | Nuvision Federal Credit Union |
| Apr 1, 2017 | First Federal Savings and Loan Association of Wakeeney | Lyons Federal Bank |
| Apr 1, 2017 | Teamsters Local 222 Federal Credit Union | Utah First Federal Credit Union |
| Apr 1, 2017 | The State Bank of Texas | Post Oak Bank, N.A. |
| Apr 1, 2017 | The Middleburg Bank | Access National Bank |
| Apr 1, 2017 | Northstar Bank | Independent Bank |
| Apr 1, 2017 | First Century Bank, Inc. | Summit Community Bank, Inc |
| Apr 1, 2017 | Windsor County South Credit Union | 802 Credit Union |
| Apr 1, 2017 | Virginia Commonwealth Bank | Virginia Commonwealth Bank |
| Apr 1, 2017 | Horizon Bank | Peoples Independent Bank |
| Apr 1, 2017 | North Middlesex Savings Bank | Main Street Bank |
| Apr 1, 2017 | Distinguished Service Credit Union, Inc. | Cardinal Credit Union, Inc. |
| Apr 1, 2017 | B and W Mississippi Employees Federal Credit Union | Hope Federal Credit Union |
| Apr 1, 2017 | Holbrook Co-operative Bank | Abington Bank |
| Apr 1, 2017 | First National Bank of Crystal Falls | Northern Interstate Bank, N.A. |
| Mar 31, 2017 | Ibi Liquidating Corporation | Integrity Bancshares, Inc. |
| Mar 30, 2017 | Wells Fargo Financial Services, LLC | Wells Fargo & Company |
| Mar 25, 2017 | Reelfoot Bank | Security Bank and Trust Company |
| Mar 25, 2017 | Farmers State Bancshares II, Inc. | Farmers State Bancshares, Inc. |
| Mar 25, 2017 | Progressive-Home Federal Savings and Loan Association | Dollar Bank, Federal Savings Bank |
| Mar 25, 2017 | Farmers State Bank, Spencer | Nebraska Bank |
| Mar 24, 2017 | Corestates Holdings, Inc. | Wells Fargo & Company |
| Mar 24, 2017 | The Pleasant Hill Bank | Goppert Financial Bank |
| Mar 18, 2017 | The Bank of Harlan | Monticello Banking Company |
| Mar 18, 2017 | Greer Bancshares Incorporated | Carolina Financial Corporation |
| Mar 18, 2017 | Greer State Bank | CresCom Bank |
| Mar 18, 2017 | First Farmers Bank and Trust Company | Citizens Union Bank of Shelbyville |
| Mar 18, 2017 | First Clover Leaf Bank, National Association | First Mid Bank & Trust, N.A. |
| Mar 11, 2017 | Yadkin Bank | First National Bank of Pennsylvania |
| Mar 11, 2017 | Yadkin Financial Corporation | F.N.B. Corporation |
| Mar 11, 2017 | Valley Commerce Bancorp | CVB Financial Corp. |
| Mar 11, 2017 | Valley Business Bank | Citizens Business Bank, N.A. |
| Mar 11, 2017 | Prairie State Bancshares, Inc. | Equity Bancshares, Inc. |
| Mar 11, 2017 | State Bank | Equity Bank |
| Mar 8, 2017 | Insignia Bank | Stonegate Bank |
| Mar 6, 2017 | Palco Bankshares, Inc. | Astra Financial Group, Inc. |
| Mar 6, 2017 | Midwest Community Bank | Astra Bank |
| Mar 4, 2017 | Carolina Bank Holdings, Inc. | First Bancorp |
| Mar 4, 2017 | Twin Lakes Community Bank | Anstaff Bank |
| Mar 4, 2017 | Carolina Bank | First Bank |
| Mar 1, 2017 | Founders Bancorp | Heartland Financial USA, Inc. |
| Mar 1, 2017 | Founders Community Bank | Premier Valley Bank |
| Mar 1, 2017 | The Bank of Commerce | Centennial Bank |
| Mar 1, 2017 | Union Wallowa Baker Federal Credit Union | Old West Federal Credit Union |
| Mar 1, 2017 | Martin Federal Credit Union | Midflorida Credit Union |
| Mar 1, 2017 | Valor Federal Credit Union | Pentagon Federal Credit Union |
| Mar 1, 2017 | North Island Financial Credit Union | California Federal Credit Union |
The list holds 500 of the 608 mergers recorded for 2017.
Enforcement Actions in 2017
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Feb 23, 2017 | FRB | Nova Financial Holdings, Inc | Section 19 Letters: Barry Bekkedam |
| Feb 21, 2017 | FRB | (individual) | Section 19 Letters: Kimberly Hurst Dorton |
| Feb 16, 2017 | OCC | BOKF, N.A. | Prohibition/Removal Orders: Neilson, Marrien |
| Feb 16, 2017 | OCC | BOKF, N.A. | Civil Money Penalty (CMP): Neilson, Marrien |
| Feb 15, 2017 | OCC | (individual) | Civil Money Penalty (CMP): Minick, Daniel |
| Feb 15, 2017 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Minick, Daniel |
| Feb 14, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Kristal L. Johnson |
| Feb 13, 2017 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Nbad Americas N.V . |
| Feb 8, 2017 | OCC | First Tennessee Bank, National Association | C&D or PC&D Requiring Restitution: First Tennessee Bank National Association |
| Feb 8, 2017 | OCC | First Tennessee Bank, National Association | Civil Money Penalty (CMP): First Tennessee Bank National Association |
| Feb 8, 2017 | OCC | First Tennessee Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Tennessee Bank National Association |
| Feb 3, 2017 | FRB | Compass Bank | Section 19 Letters: Lisa Lynette Barber |
| Feb 3, 2017 | FRB | Compass Bank | Section 19 Letters: William Walter Baxavaneos |
| Feb 3, 2017 | FRB | Compass Bank | Section 19 Letters: Sondra Tredaway |
| Feb 2, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Carlos J. Ortiz |
| Jan 26, 2017 | OCC | First National Bank and Trust Company of Bottineau | Formal Agreement: First National Bank and Trust Co. of Bottineau |
| Jan 26, 2017 | OCC | First National Bank of Griffin | Prohibition/Removal Orders: Veal, Ryan N. |
| Jan 25, 2017 Released Jan 27, 2017 | FRB | (individual) | Cease and Desist Order: BB&T Corporation, Winston-Salem, North Carolina |
| Jan 24, 2017 | OCC | Servicelink Holdings, LLC | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): ServiceLink Holdings, LLC |
| Jan 24, 2017 | FRB | Servicelink Holdings, LLC | Cease and Desist Order: ServiceLink Holdings, LLC, Jacksonville, Florida |
| Jan 24, 2017 | FRB | Servicelink Holdings, LLC | Civil Money Penalty, $65,000,000: ServiceLink Holdings, LLC, Jacksonville, Florida |
| Jan 24, 2017 | OCC | (individual) | Civil Money Penalty (CMP): ServiceLinkHoldings, LLC |
| Jan 23, 2017 | FRB | Compass Bank | Section 19 Letters: Vilma Fajardo |
| Jan 23, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Bionca S. Barnswell |
| Jan 23, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Michelle A. Wagner |
| Jan 23, 2017 | OCC | Citibank, N.A. | Prohibition/Removal Orders: Cummins, Christopher |
| Jan 20, 2017 | FRB | (individual) | Section 19 Letters: Shawna Rae Tolpa |
| Jan 17, 2017 Released Jan 26, 2017 | FRB | Nonghyup Bank | Written Agreement: NongHyup Bank, Seoul, Korea and NongHyup Bank, New York Branch, New York, … |
| Jan 17, 2017 | OCC | Rockland Savings Bank, FSB | Formal Agreement: Rockland Savings Bank, FSB |
| Jan 9, 2017 | OCC | Citibank, N.A. | Notice of Charges: Ramchandani, Rohan |
| Jan 9, 2017 | OCC | JPMorgan Chase Bank, N.A. | Notice of Charges: Usher, Richard |
| Jan 6, 2017 | OCC | HSBC Bank USA, N.A. | Civil Money Penalty (CMP): HSBC Bank USA, National Association |
| Jan 4, 2017 | FRB | BNP Paribas | Prohibition from Banking: Jason Katz |
| Jan 3, 2017 | OCC | Certusbank, N.A. | Civil Money Penalty (CMP): Davis, Walter |
| Jan 3, 2017 | OCC | Certusbank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Williams, Charles |
| Jan 3, 2017 | OCC | Certusbank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Webb, Kathy Angela |
| Jan 3, 2017 | OCC | Certusbank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Jones, Milton |
| Jan 3, 2017 | OCC | Certusbank, N.A. | Civil Money Penalty (CMP): Jones, Milton |
| Jan 3, 2017 | OCC | First National Bank of Pennsylvania | Prohibition/Removal Orders: Snyder, Raymond Patrick |
| Jan 3, 2017 | OCC | Certusbank, N.A. | Civil Money Penalty (CMP): Webb, Kathy Angela |
| Jan 3, 2017 | OCC | Certusbank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Davis, Walter |
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