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 |
|---|---|---|
| Nov 21, 2017 | Mid America Banking Corporation | Mab Acquisition Corporation |
| Nov 20, 2017 | Saint James Ame Church Federal Credit Union | Educational Federal Credit Union |
| Nov 18, 2017 | State Bank of Alcester | Premier Bank |
| Nov 17, 2017 | Zion Hill Baptist Church Federal Credit Union | Kinecta Federal Credit Union |
| Nov 13, 2017 | Town & Country Bank | Altabank |
| Nov 11, 2017 | United Bank | United Bank |
| Nov 11, 2017 | Community 1st Bancorp | First Foundation Inc. |
| Nov 11, 2017 | CCB Bankshares, Inc. | Touchstone Bank |
| Nov 11, 2017 | Cache Holdings, Inc. | Equity Bancshares, Inc. |
| Nov 11, 2017 | Community 1st Bank | First Foundation Bank |
| Nov 11, 2017 | Patriot Federal Bank | The National Union Bank of Kinderhook |
| Nov 11, 2017 | Citizens Community Bank | Touchstone Bank |
| Nov 11, 2017 | Patriot Bank | Equity Bank |
| Nov 11, 2017 | The Eastman National Bank of Newkirk | Equity Bank |
| Nov 11, 2017 | Ubc Holding Company, Inc. | United Bankshares, Inc. |
| Nov 11, 2017 | Ubv Holding Company, LLC | United Bankshares, Inc. |
| Nov 11, 2017 | Eastman National Bancshares, Inc. | Equity Bancshares, Inc. |
| Nov 8, 2017 | Custer Bancorp. | Tig Bancorp, Inc. |
| Nov 7, 2017 | Eaton Employees Credit Union | First Federal Credit Union |
| Nov 4, 2017 | Decatur Stanolind Credit Union | Staley Credit Union |
| Nov 4, 2017 | Plaza Bank | United Business Bank |
| Nov 4, 2017 | First National Bank | Stock Growers Bank |
| Nov 4, 2017 | Palm Beach Community Bank | Seacoast National Bank |
| Nov 4, 2017 | Northern Michigan Bank & Trust | First Bank, Upper Michigan |
| Nov 4, 2017 | First Community Financial Bank | Busey Bank |
| Nov 2, 2017 | Pioneer Global Asset Management S.P.A. | Unicredit S.P.A. |
| Nov 1, 2017 | First South Bancorp, Inc. | Carolina Financial Corporation |
| Nov 1, 2017 | Anchor Bancorp, Inc. | Old National Bancorp |
| Nov 1, 2017 | Bancorpsouth, Inc. | Cadence Bank |
| Nov 1, 2017 | Plaza Bancorp | Pacific Premier Bancorp, Inc. |
| Nov 1, 2017 | Capstone Bancshares, Inc. | Smartfinancial, Inc. |
| Nov 1, 2017 | Braintree Bancorp MHC | South Shore Bancorp MHC |
| Nov 1, 2017 | Plaza Bank | Pacific Premier Bank, National Association |
| Nov 1, 2017 | Pacific Continental Corporation | Columbia Banking System, Inc. |
| Nov 1, 2017 | Four Oaks Fincorp, Inc. | United Community Banks, Inc. |
| Nov 1, 2017 | Route 1 Credit Union | Decatur Earthmover Credit Union |
| Nov 1, 2017 | Eastern Maine Medical Center Federal Credit Union | Acadia Federal Credit Union |
| Nov 1, 2017 | Brown County Employees Credit Union | Capital Credit Union |
| Nov 1, 2017 | Anchor Bank, National Association | Old National Bank |
| Nov 1, 2017 | Bank of McCrory | The First National Bank of Wynne |
| Nov 1, 2017 | First South Bank | CresCom Bank |
| Nov 1, 2017 | Coastland Federal Credit Union | Jefferson Financial Federal Credit Union |
| Nov 1, 2017 | Apex Financial Credit Union | West Community Credit Union |
| Nov 1, 2017 | Pacific Continental Bank | Columbia State Bank |
| Nov 1, 2017 | Saint Anthony Hospital Federal Credit Union | Rock Valley Credit Union |
| Nov 1, 2017 | South Shore Railroad Employees Federal Credit Union | Laporte Community Federal Credit Union |
| Nov 1, 2017 | Hawaiian Airlines Federal Credit Union | Hawaiian Financial Federal Credit Union |
| Nov 1, 2017 | Capstone Bank | SmartBank |
| Nov 1, 2017 | Geco Federal Credit Union | Jefferson Financial Federal Credit Union |
| Nov 1, 2017 | Four Oaks Bank & Trust Company | United Community Bank |
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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