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 1, 2017 | Financial Benefits Credit Union | Financial Partners Credit Union |
| Nov 1, 2017 | The Braintree Co-operative Bank | South Shore Bank |
| Nov 1, 2017 | Cinco Family Financial Center Credit Union | Superior Credit Union Inc |
| Nov 1, 2017 | Tri-Rivers Federal Credit Union | Hope Federal Credit Union |
| Nov 1, 2017 | Saint Landry Parish Federal Credit Union | Pelican Credit Union |
| Nov 1, 2017 | Scientific Research Partner's Credit Union (Srpcu) | Mazuma Credit Union |
| Nov 1, 2017 | East Haven Municipal Employees Credit Union | America's First Network Credit Union |
| Oct 28, 2017 | Castle Rock Bank Holding Company | Guaranty Bancorp |
| Oct 28, 2017 | Waupaca Bancorporation, Inc. | Bank First Corporation |
| Oct 28, 2017 | Castle Rock Bank | Guaranty Bank and Trust Company |
| Oct 28, 2017 | First National Bank | Bank First, N.A. |
| Oct 27, 2017 | Far East National Bank | Cathay Bank |
| Oct 27, 2017 | New York State Employees Federal Credit Union | Palisades Federal Credit Union |
| Oct 27, 2017 | Bridgeport Fairfield Teachers Federal Credit Union | General Electric Employees Federal Credit Union |
| Oct 25, 2017 | Pembina County Bankshares, Ltd. | Koda Bancor, Inc. |
| Oct 24, 2017 | Lane Memorial Federal Credit Union | GP Louisiana Federal Credit Union |
| Oct 21, 2017 | First County Bank | FCB Banks |
| Oct 21, 2017 | First State Bank | Community State Bank |
| Oct 21, 2017 | Ripley Federal Savings Bank | Southern Hills Community Bank |
| Oct 21, 2017 | Cu Bancorp | PacWest Bancorp |
| Oct 21, 2017 | NorthStar Bank | Seacoast National Bank |
| Oct 21, 2017 | Northstar Banking Corporation | Seacoast Banking Corporation of Florida |
| Oct 21, 2017 | California United Bank | Banc of California |
| Oct 21, 2017 | Cornerstone National Bank | First Community Bank |
| Oct 21, 2017 | Cornerstone Bancorp | First Community Corporation |
| Oct 21, 2017 | Little Sioux Bancshares, Inc. | Community State Bancorporation |
| Oct 20, 2017 | First Texas BHC, Inc. | Simmons First National Corporation |
| Oct 20, 2017 | Southwest Bancorp, Inc. | Simmons First National Corporation |
| Oct 19, 2017 | S M Federal Credit Union | American Heritage Federal Credit Union |
| Oct 17, 2017 | Wolverine Bancorp, Inc. | Horizon Bancorp, Inc. |
| Oct 17, 2017 | Portsmouth Virginia City Employees Federal Credit Union | Chartway Federal Credit Union |
| Oct 17, 2017 | Wolverine Bank, Federal Savings Bank | Horizon Bank |
| Oct 14, 2017 | Commerce Bancshares Corp. | Beacon Financial Corporation |
| Oct 14, 2017 | Nashwauk Federal Credit Union | North Star Credit Union |
| Oct 14, 2017 | Commerce Bank & Trust Company | Berkshire Bank |
| Oct 7, 2017 | Arthur Bancshares Corp. | Hometown Community Bancorp, Inc. |
| Oct 7, 2017 | State Bank of Arthur | Morton Community Bank |
| Oct 7, 2017 | Midstate Community Bank | Rosedale Bank |
| Oct 4, 2017 | Financial Enterprises, Inc. | Ozarks Heritage Financial Group, Inc |
| Oct 3, 2017 | Apex Community Federal Credit Union | American Heritage Federal Credit Union |
| Oct 2, 2017 | Astoria Financial Corporation | Sterling Bancorp |
| Oct 2, 2017 | Mid Illinois Bancorp, Inc. | First Busey Corporation |
| Oct 2, 2017 | Chelten Hills Savings Bank | Penn Community Bank |
| Oct 2, 2017 | Astoria Bank | Sterling National Bank |
| Oct 2, 2017 | Integrus Credit Union | Vibrant Credit Union |
| Oct 2, 2017 | Morgan Federal Bank | Golden Belt Bank, FSA |
| Oct 2, 2017 | I E C Federal Credit Union | Cooperative Choice Network Credit Union |
| Oct 1, 2017 | Ojai Community Bank | Bank of the Sierra |
| Oct 1, 2017 | First Insurance Funding Corp. of California | Lake Forest Bank & Trust Company, N.A. |
| Oct 1, 2017 | Ocb Bancorp | Sierra Bancorp |
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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