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 |
|---|---|---|
| Aug 1, 2017 | Duq Lite Employees Federal Credit Union | West-Aircomm Federal Credit Union |
| Aug 1, 2017 | Timken Aerospace Federal Credit Union | Northern Lights Credit Union |
| Aug 1, 2017 | Clayton Bank and Trust | FirstBank |
| Aug 1, 2017 | Sabadell United Bank, National Association | Iberiabank |
| Jul 31, 2017 | Community United Federal Credit Union | United 1st Credit Union |
| Jul 31, 2017 | Freedom Bancorporation, Inc. | Waseca Bancshares, Inc. |
| Jul 31, 2017 | Woodstone Credit Union | Qualstar Credit Union |
| Jul 29, 2017 | Damascus Community Bank | Old Line Bank |
| Jul 29, 2017 | DCB Bancshares, Inc. | Old Line Bancshares, Inc. |
| Jul 29, 2017 | Jefferson Bankshares, Inc. | HCBF Holding Company, Inc. |
| Jul 29, 2017 | Jefferson Bank of Florida | Harbor Community Bank |
| Jul 26, 2017 | Kanaly Trust Lta | National Advisors Trust Company |
| Jul 22, 2017 | Bank of Modesto | Warren-Boynton State Bank |
| Jul 18, 2017 | Peoples State Bank of Commerce | FNB Bank |
| Jul 18, 2017 | Commerce Bancshares, Inc. | FNS Bancshares, Inc. |
| Jul 17, 2017 | Sinopac Bancorp | Cathay General Bancorp |
| Jul 15, 2017 | State Bank of Cazenovia | Royal Bank |
| Jul 15, 2017 | CenterPointe Community Bank | Inland Northwest Bank |
| Jul 15, 2017 | Bank Star One | Central Bank of Lake of the Ozarks |
| Jul 15, 2017 | Fort Meade Credit Union | Navy Federal Credit Union |
| Jul 15, 2017 | Fountain Trust Merger Bank | The Fountain Trust Company |
| Jul 15, 2017 | IAB Financial Bank | First Merchants Bank |
| Jul 8, 2017 | Citywide Banks | HTLF Bank |
| Jul 8, 2017 | Union Bank & Trust Company | Union Bank |
| Jul 8, 2017 | Citywide Banks of Colorado, Inc. | Heartland Financial USA, Inc. |
| Jul 8, 2017 | The First National Bank & Trust Company of Rochelle | Central Bank Illinois |
| Jul 7, 2017 | West Pine Street Properties LLC | The Citizens Bank |
| Jul 3, 2017 | Jacksonville Glidco Employees Federal Credit Union | Metro North Federal Credit Union |
| Jul 3, 2017 | First Community Financial Partners, Inc. | First Busey Corporation |
| Jul 1, 2017 | Carroll County Savings and Loan Association | Home Savings and Loan Association of Carroll County, F.A. |
| Jul 1, 2017 | Cornerstone Federal Credit Union | Belco Community Credit Union |
| Jul 1, 2017 | Linde Employees Federal Credit Union | First Point Federal Credit Union |
| Jul 1, 2017 | New Windsor State Bank | ACNB Bank |
| Jul 1, 2017 | First Illinois Credit Union | Vibrant Credit Union |
| Jul 1, 2017 | Peoples State Bank | Outdoor Bank |
| Jul 1, 2017 | Granite Hills Credit Union | North Country Federal Credit Union |
| Jul 1, 2017 | E. S. C. U. Federal Credit Union | Glass City Federal Credit Union |
| Jul 1, 2017 | Byron State Bank | Western National Bank |
| Jul 1, 2017 | Amfirst Bank | Bank of Colorado |
| Jul 1, 2017 | Amfirst Bank | Pinnacle Bank |
| Jul 1, 2017 | Immaculate Conception Fall River Federal Credit Union | Southcoast Federal Credit Union |
| Jul 1, 2017 | Lubbock Teachers Federal Credit Union | Texas Tech Federal Credit Union |
| Jul 1, 2017 | Pennington Municipal & County Credit Union | Soo Select Credit Union |
| Jul 1, 2017 | Colfax School Employees Credit Union | High Desert Community Credit Union |
| Jul 1, 2017 | Agility Financial Credit Union | Memphis City Employees Credit Union |
| Jul 1, 2017 | Peoples Community Credit Union | Blaze Credit Union |
| Jul 1, 2017 | Amoco East Texas Federal Credit Union | Barksdale Federal Credit Union |
| Jul 1, 2017 | Citizens State Bank | Outdoor Bank |
| Jul 1, 2017 | Community First Credit Union | Community First Credit Union |
| Jul 1, 2017 | Metropolitan Bank | Renasant 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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