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 |
|---|---|---|
| Jun 7, 2017 | Kaw Valley Bancorp, Inc. | Topeka Bancorp, Inc. |
| Jun 5, 2017 | Arlington Hotel Federal Credit Union | Clearway Federal Credit Union |
| Jun 3, 2017 | The Hamlin Financial Corporation | Vista Bancshares, Inc. |
| Jun 3, 2017 | Hamlin National Bank | Vista Bank |
| Jun 3, 2017 | Farmers Bank | Uplift Bank |
| Jun 2, 2017 | Spencer Bancorporation, Inc. | Stratford Bancshares, Inc. |
| Jun 1, 2017 | Alterra Bank | First Business Bank |
| Jun 1, 2017 | Jax Metro Credit Union | Self-Help Credit Union |
| Jun 1, 2017 | First Business Bank-Milwaukee | First Business Bank |
| Jun 1, 2017 | First Guaranty Bank | The First Commonwealth Bank of Prestonsburg, Inc. |
| Jun 1, 2017 | Central Bank of Jefferson County | Central Bank & Trust Company |
| Jun 1, 2017 | Mackinac Savings Bank, F.S.B. | Ithink Financial Credit Union |
| Jun 1, 2017 | I F F Employees Federal Credit Union | United Teletech Financial Federal Credit Union |
| Jun 1, 2017 | First Choice Credit Union Inc | Superior Credit Union Inc |
| Jun 1, 2017 | Suntide Federal Credit Union | Pentagon Federal Credit Union |
| Jun 1, 2017 | Shoreline Federal Credit Union | Community Choice Credit Union |
| Jun 1, 2017 | Fire Department Credit Union | Indianhead Credit Union |
| Jun 1, 2017 | Arch Community Credit Union | Alliance Credit Union |
| Jun 1, 2017 | Augusta Metro Federal Credit Union | Pentagon Federal Credit Union |
| May 31, 2017 | Bally Savings Bank | Ambler Savings Bank |
| May 31, 2017 | Cascade Bancorp | First Interstate Bancsystem, Inc. |
| May 24, 2017 | Georgetown Bank | Salem Five Cents Savings Bank |
| May 24, 2017 | Georgetown Bancorp, Inc. | Salem Five Bancorp |
| May 20, 2017 | The Arlington Bank | First Merchants Bank |
| May 19, 2017 | Northwell Health Federal Credit Union | Fourleaf Federal Credit Union |
| May 16, 2017 | Hardeman County Investment Company, Inc. | Simmons First National Corporation |
| May 13, 2017 | First Financial Bank | First United Bank |
| May 13, 2017 | The First National Bank in Wadena | Wadena State Bank |
| May 13, 2017 | The Edgartown National Bank | Rockland Trust Company |
| May 13, 2017 | Merchants Bank | Community Bank, N.A. |
| May 13, 2017 | Island Bancorp, Inc. | Independent Bank Corp. |
| May 13, 2017 | Merchants Bancshares, Inc. | Community Financial System, Inc. |
| May 6, 2017 | Bank of Nebraska | Access Bank |
| May 1, 2017 | Gateway Bank of Central Florida | SouthState Bank, N.A. |
| May 1, 2017 | TFB Bancorp, Inc. | Glacier Bancorp, Inc. |
| May 1, 2017 | Gateway Bank of Southwest Florida | SouthState Bank, N.A. |
| May 1, 2017 | A.G. Edwards Capital, Inc. | Wells Fargo & Company |
| May 1, 2017 | Gateway Financial Holdings of Florida, Inc. | Centerstate Bank Corporation |
| May 1, 2017 | Gateway Bank of Florida | SouthState Bank, N.A. |
| May 1, 2017 | FCB Bancorp, Inc. | Mainsource Financial Group, Inc. |
| May 1, 2017 | The Foothills Bank | Glacier Bank |
| May 1, 2017 | Wachovia Community Development Corporation | Wells Fargo & Company |
| May 1, 2017 | First Union Community Development Corporation | Wells Fargo & Company |
| May 1, 2017 | First Baptist Church of Darby Federal Credit Union | American Heritage Federal Credit Union |
| May 1, 2017 | Henry State Bank | Midamerica National Bank |
| May 1, 2017 | Michigan Community Credit Union | Community Choice Credit Union |
| May 1, 2017 | Hawaii National Guard Federal Credit Union | Aloha Pacific Federal Credit Union |
| May 1, 2017 | Landmark Credit Union | Greylock Federal Credit Union |
| May 1, 2017 | Employment Security Credit Union | Tennessee Employees Credit Union |
| May 1, 2017 | Collegeville Community Credit Union | Magnifi Financial 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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