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 |
|---|---|---|
| Oct 1, 2017 | Asb Bancorp, Inc. | First Bancorp |
| Oct 1, 2017 | AloStar Bank of Commerce | State Bank and Trust Company |
| Oct 1, 2017 | Chattahoochee Bank of Georgia | Entegra Bank |
| Oct 1, 2017 | Capital Bank | Seacoast Commerce Bank |
| Oct 1, 2017 | Folsom Lake Bank | Community West Bank |
| Oct 1, 2017 | First Insurance Funding Corporation | Lake Forest Bank & Trust Company, N.A. |
| Oct 1, 2017 | CBT Bank | Riverview Bank |
| Oct 1, 2017 | Century Employees Savings Fund Credit Union | Summit Credit Union |
| Oct 1, 2017 | Post Community Credit Union | Honor Credit Union dba Honor Investment Services |
| Oct 1, 2017 | Our Lady of the Angels Federal Credit Union | Fall River Municipal Credit Union |
| Oct 1, 2017 | Saint Elizabeth Employees Credit Union | Community First Credit Union |
| Oct 1, 2017 | Northern Hancock Bank & Trust Co. | The Farmers National Bank of Emlenton |
| Oct 1, 2017 | Qualtrust Credit Union | Texas Trust Credit Union |
| Oct 1, 2017 | Elizabeth Postal Employees Credit Union | Community Financial Services Federal Credit Union |
| Oct 1, 2017 | Credit Union One, Inc. | Seven Seventeen Credit Union Inc |
| Oct 1, 2017 | Group Service Employees Federal Credit Union | Lifetime Federal Credit Union |
| Oct 1, 2017 | Saint Casimir's Savings Bank | Kopernik Bank |
| Oct 1, 2017 | Narc Federal Credit Union | Agriculture Federal Credit Union |
| Oct 1, 2017 | North Georgia Community Federal Credit Union | Coosa Valley Credit Union |
| Oct 1, 2017 | Bank of Wedowee | First Bank of Alabama |
| Oct 1, 2017 | Asheville Savings Bank, S.S.B. | First Bank |
| Oct 1, 2017 | Baraboo Municipal Employees Credit Union | Summit Credit Union |
| Oct 1, 2017 | Avon Co-operative Bank | Abington Bank |
| Oct 1, 2017 | General Credit Union | Partners 1st Federal Credit Union |
| Oct 1, 2017 | D'Puc Credit Union | Credit Union 1 |
| Oct 1, 2017 | First Home Bank | Stockmens Bank |
| Oct 1, 2017 | Bank of Walnut Grove | Bank of Forest |
| Oct 1, 2017 | Parker Community Credit Union | Educators Credit Union |
| Oct 1, 2017 | Electric Energy Inc. Employees Credit Union | Vibrant Credit Union |
| Oct 1, 2017 | CBT Financial Corp. | Riverview Financial Corporation |
| Oct 1, 2017 | Swann Bancshares, Inc. | Firstbanc of Alabama, Inc. |
| Oct 1, 2017 | Wells Fargo Exchange Services, Inc. | Wells Fargo & Company |
| Sep 30, 2017 | Sandusky Ohio Edison Employees Federal Credit Union | Vacationland Federal Credit Union |
| Sep 30, 2017 | Acume Credit Union | Garden State Federal Credit Union |
| Sep 30, 2017 | Menominee Area Credit Union | Covantage Credit Union |
| Sep 30, 2017 | Badger Credit Union | N.E.W. Credit Union |
| Sep 30, 2017 | Philadelphia Gas Works Employees Federal Credit Union | Eagle One Federal Credit Union |
| Sep 30, 2017 | MHCB America Holdings, Inc. | Mizuho Americas LLC |
| Sep 30, 2017 | U of P Federal Credit Union | Penn Federal Credit Union |
| Sep 29, 2017 | Frontier Financial Credit Union | Greater Nevada Credit Union |
| Sep 28, 2017 | Trenton Bankshares, Inc. | Captex Bancshares, Inc. |
| Sep 27, 2017 | Stonegate Bank | Centennial Bank |
| Sep 26, 2017 | World's Foremost Bank | Synovus Bank |
| Sep 26, 2017 | World's Foremost Bank | Capital One Bank (USA), N.A. |
| Sep 25, 2017 | Miner County Bank | Rivers Edge Bank |
| Sep 25, 2017 | First State Bank | Rivers Edge Bank |
| Sep 23, 2017 | Commercial Bank | Premierbank |
| Sep 19, 2017 | Scottrade Bank | TD Bank, N.A. |
| Sep 16, 2017 | Bucks County Bank | First Bank |
| Sep 9, 2017 | Benchmark Bank | The Union Bank Company |
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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