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 |
|---|---|---|
| Jul 1, 2017 | Fairfax City Federal Credit Union | The Partnership Federal Credit Union |
| Jul 1, 2017 | Northern Tier Federal Credit Union | North Star Community Credit Union |
| Jul 1, 2017 | GP Community Federal Credit Union | Ufirst Federal Credit Union |
| Jul 1, 2017 | Encore Federal Credit Union | Consumers Credit Union |
| Jul 1, 2017 | Kalamazoo Building Trades Credit Union | Kalsee Credit Union |
| Jul 1, 2017 | Security Bank | Citizens Bank |
| Jul 1, 2017 | Harbor Credit Union | Fox Communities Credit Union |
| Jul 1, 2017 | West Coast Federal Employees Credit Union | Usf Federal Credit Union |
| Jul 1, 2017 | Citizen's Bank | Investar Bank, N.A. |
| Jul 1, 2017 | Scenic Falls Federal Credit Union | Lookout Federal Credit Union |
| Jul 1, 2017 | Citizens Bancshares, Inc. | Investar Holding Corporation |
| Jul 1, 2017 | Wells Fargo Principal Investments, LLC | Wells Fargo & Company |
| Jul 1, 2017 | New Windsor Bancorp, Inc. | ACNB Corporation |
| Jul 1, 2017 | Metropolitan Bancgroup, Inc. | Renasant Corporation |
| Jul 1, 2017 | First Partners Bank | Progress Bank and Trust |
| Jul 1, 2017 | First Partners Financial, Inc. | Progress Financial Corporation |
| Jun 30, 2017 | Poca Valley Financial | The Poca Valley Bank, Inc. |
| Jun 30, 2017 | K&E Employees Federal Credit Union | Hoboken NJ Police Federal Credit Union |
| Jun 30, 2017 | Musicians' Interguild Credit Union | Sag-Aftra Federal Credit Union |
| Jun 30, 2017 | Canton Police & Firemen's Credit Union | Community One Credit Union of Ohio, Inc. |
| Jun 27, 2017 | Bank of the Ozarks Inc | Bank OZK |
| Jun 24, 2017 | Illini Bank | United Community Bank |
| Jun 24, 2017 | Eastern Virginia Bankshares, Inc. | Primis Financial Corp. |
| Jun 24, 2017 | The First Capital Bank of Kentucky | MainSource Bank |
| Jun 24, 2017 | Evb | Primis Bank |
| Jun 24, 2017 | Farmers State Bank of Camp Point | United Community Bank |
| Jun 23, 2017 | Privatebancorp, Inc. | CIBC Bancorp USA Inc. |
| Jun 19, 2017 | First National Bank of Santa Fe | Sunflower Bank, N.A. |
| Jun 19, 2017 | Strategic Growth Bancorp Incorporated | Firstsun Capital Bancorp |
| Jun 19, 2017 | Strategic Growth Bank Incorporated | Firstsun Capital Bancorp |
| Jun 19, 2017 | Guardian Mortgage Company, Inc. | Sunflower Bank, N.A. |
| Jun 19, 2017 | Capital Bank, SSB | Sunflower Bank, N.A. |
| Jun 19, 2017 | Tammcorp, Inc. | Southern Missouri Bancorp, Inc. |
| Jun 19, 2017 | First National Bancorp Incorporated | Firstsun Capital Bancorp |
| Jun 19, 2017 | Capaha Bank, SB | Southern Bank |
| Jun 17, 2017 | Synergy Bank, S.S.B. | First Guaranty Bank |
| Jun 17, 2017 | Premier Delaware Bancshares, Inc | First Guaranty Bancshares, Inc. |
| Jun 17, 2017 | Premier Bancshares, Inc. | First Guaranty Bancshares, Inc. |
| Jun 17, 2017 | Stratford State Bank | Partners Bank |
| Jun 16, 2017 | Bank of North Carolina | Pinnacle Bank |
| Jun 16, 2017 | Kirksville Bancorp, Inc. | Connections Bancshares, Inc. |
| Jun 16, 2017 | BNC Bancorp | Pinnacle Financial Partners, Inc. |
| Jun 16, 2017 | Wachovia Capital Investments, Inc. | Wells Fargo & Company |
| Jun 16, 2017 | Richmond County Health Department Employees Credit Union | SRP Federal Credit Union |
| Jun 10, 2017 | TCT Holdings, Inc. | EverBank Financial Corp |
| Jun 10, 2017 | Tiaa-Cref Trust Company FSB | EverBank, N.A. |
| Jun 10, 2017 | Middleton Community Bank | Monona Bank |
| Jun 10, 2017 | Centrue Financial Corporation | Midland States Bancorp, Inc. |
| Jun 10, 2017 | Southbridge Savings Bank | Cornerstone Bank |
| Jun 8, 2017 | Public Service Sewaren Federal Credit Union | Public Service 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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