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 |
|---|---|---|
| May 1, 2017 | Emc Credit Union | Community Choice Credit Union |
| May 1, 2017 | Miramar Federal Credit Union | Pentagon Federal Credit Union |
| May 1, 2017 | Employment Security Employees Credit Union | 1st Kansas Credit Union |
| May 1, 2017 | Triangle Credit Union, Inc. | Day Air Credit Union, Inc. |
| May 1, 2017 | Perry Point Federal Credit Union | Central Credit Union of Maryland |
| May 1, 2017 | Hingham Federal Credit Union | Liberty Bay Credit Union |
| May 1, 2017 | West Denver Community Credit Union | Denver Community Credit Union dba Zing Credit Union |
| May 1, 2017 | Manor Bank | NexTier Bank, N.A. |
| Apr 29, 2017 | The First National Bank - Fox Valley | Nicolet National Bank |
| Apr 29, 2017 | Merit Bank | Academy Bank, N.A. |
| Apr 29, 2017 | First Ulb Corp. | Baycom Corp |
| Apr 29, 2017 | United Business Bank, F.S.B. | United Business Bank |
| Apr 29, 2017 | First Menasha Bancshares, Inc. | Nicolet Bankshares, Inc. |
| Apr 22, 2017 | Prospect Federal Savings Bank | Hoyne Savings Bank |
| Apr 22, 2017 | The State Bank of Ewen | Gogebic Range Bank |
| Apr 22, 2017 | Cardinal Bank | United Bank |
| Apr 22, 2017 | Cardinal Financial Corporation | Ubv Holding Company, LLC |
| Apr 22, 2017 | Westfield Area Federal Credit Union | North East Welch Federal Credit Union |
| Apr 8, 2017 | Muleshoe State Bank | AIMBank |
| Apr 8, 2017 | Allegheny Valley Bank of Pittsburgh | Standard Bank |
| Apr 8, 2017 | Gulfshore Bancshares, Inc. | Seacoast Banking Corporation of Florida |
| Apr 8, 2017 | Gulfshore Bank | Seacoast National Bank |
| Apr 8, 2017 | Integrity First Bank | Incrediblebank |
| Apr 8, 2017 | RB Bancorporation | Trustmark Corporation |
| Apr 8, 2017 | Reliance Bank | Trustmark Bank |
| Apr 8, 2017 | High Plains Bancshares, Inc. | Aim Bancshares, Inc. |
| Apr 8, 2017 | Allegheny Valley Bancorp, Inc. | Standard Avb Financial Corp. |
| Apr 8, 2017 | Woodhaven Bank | Pinnacle Bank |
| Apr 6, 2017 | Saint James Public Schools Federal Credit Union | Northern Energy Federal Credit Union |
| Apr 3, 2017 | The Delaware County Bank and Trust Company | First Commonwealth Bank |
| Apr 3, 2017 | DCB Financial Corp | First Commonwealth Financial Corporation |
| Apr 1, 2017 | Hanna Employees Federal Credit Union | Educators Credit Union |
| Apr 1, 2017 | Platinum Bank Holding Company | Centerstate Bank Corporation |
| Apr 1, 2017 | Carlile Bancshares, Inc. | Independent Bank Group, Inc. |
| Apr 1, 2017 | Virginia Bancorp, Inc. | Bay Banks of Virginia, Inc. |
| Apr 1, 2017 | Pinnacle Bank | Central Bank |
| Apr 1, 2017 | Platinum Bank | SouthState Bank, N.A. |
| Apr 1, 2017 | Heritage Oaks Bancorp | Pacific Premier Bancorp, Inc. |
| Apr 1, 2017 | Middleburg Financial Corporation | Access National Corporation |
| Apr 1, 2017 | C.F.C. Bancorp, Inc. | Northern Interstate Financial, Inc. |
| Apr 1, 2017 | Suffolk Bancorp | People's United Financial, Inc. |
| Apr 1, 2017 | Msa Employees Federal Credit Union | Elliott Community Federal Credit Union |
| Apr 1, 2017 | Michaud Credit Union | Hope Federal Credit Union |
| Apr 1, 2017 | Touchstone Federal Credit Union | Hanscom Federal Credit Union |
| Apr 1, 2017 | Battle Creek Area Community Federal Credit Union | Honor Credit Union dba Honor Investment Services |
| Apr 1, 2017 | East Hartford Federal Credit Union | America's First Network Credit Union |
| Apr 1, 2017 | Kyang Federal Credit Union | Pentagon Federal Credit Union |
| Apr 1, 2017 | The Suffolk County National Bank of Riverhead | People's United Bank, National Association |
| Apr 1, 2017 | Heritage Oaks Bank | Pacific Premier Bank, National Association |
| Apr 1, 2017 | First Illinois Bank | Lindell Bank & Trust 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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