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 |
|---|---|---|
| Apr 1, 2017 | Heritage Credit Union | First Pioneers Federal Credit Union |
| Apr 1, 2017 | Tioga Area Federal Credit Union | First Heritage Federal Credit Union |
| Apr 1, 2017 | Police Credit Union | Capital Credit Union |
| Apr 1, 2017 | American Federal Credit Union | Nuvision Federal Credit Union |
| Apr 1, 2017 | First Federal Savings and Loan Association of Wakeeney | Lyons Federal Bank |
| Apr 1, 2017 | Teamsters Local 222 Federal Credit Union | Utah First Federal Credit Union |
| Apr 1, 2017 | The State Bank of Texas | Post Oak Bank, N.A. |
| Apr 1, 2017 | The Middleburg Bank | Access National Bank |
| Apr 1, 2017 | Northstar Bank | Independent Bank |
| Apr 1, 2017 | First Century Bank, Inc. | Summit Community Bank, Inc |
| Apr 1, 2017 | Windsor County South Credit Union | 802 Credit Union |
| Apr 1, 2017 | Virginia Commonwealth Bank | Virginia Commonwealth Bank |
| Apr 1, 2017 | Horizon Bank | Peoples Independent Bank |
| Apr 1, 2017 | North Middlesex Savings Bank | Main Street Bank |
| Apr 1, 2017 | Distinguished Service Credit Union, Inc. | Cardinal Credit Union, Inc. |
| Apr 1, 2017 | B and W Mississippi Employees Federal Credit Union | Hope Federal Credit Union |
| Apr 1, 2017 | Holbrook Co-operative Bank | Abington Bank |
| Apr 1, 2017 | First National Bank of Crystal Falls | Northern Interstate Bank, N.A. |
| Mar 31, 2017 | Ibi Liquidating Corporation | Integrity Bancshares, Inc. |
| Mar 30, 2017 | Wells Fargo Financial Services, LLC | Wells Fargo & Company |
| Mar 25, 2017 | Reelfoot Bank | Security Bank and Trust Company |
| Mar 25, 2017 | Farmers State Bancshares II, Inc. | Farmers State Bancshares, Inc. |
| Mar 25, 2017 | Progressive-Home Federal Savings and Loan Association | Dollar Bank, Federal Savings Bank |
| Mar 25, 2017 | Farmers State Bank, Spencer | Nebraska Bank |
| Mar 24, 2017 | Corestates Holdings, Inc. | Wells Fargo & Company |
| Mar 24, 2017 | The Pleasant Hill Bank | Goppert Financial Bank |
| Mar 18, 2017 | The Bank of Harlan | Monticello Banking Company |
| Mar 18, 2017 | Greer Bancshares Incorporated | Carolina Financial Corporation |
| Mar 18, 2017 | Greer State Bank | CresCom Bank |
| Mar 18, 2017 | First Farmers Bank and Trust Company | Citizens Union Bank of Shelbyville |
| Mar 18, 2017 | First Clover Leaf Bank, National Association | First Mid Bank & Trust, N.A. |
| Mar 11, 2017 | Yadkin Bank | First National Bank of Pennsylvania |
| Mar 11, 2017 | Yadkin Financial Corporation | F.N.B. Corporation |
| Mar 11, 2017 | Valley Commerce Bancorp | CVB Financial Corp. |
| Mar 11, 2017 | Valley Business Bank | Citizens Business Bank, N.A. |
| Mar 11, 2017 | Prairie State Bancshares, Inc. | Equity Bancshares, Inc. |
| Mar 11, 2017 | State Bank | Equity Bank |
| Mar 8, 2017 | Insignia Bank | Stonegate Bank |
| Mar 6, 2017 | Palco Bankshares, Inc. | Astra Financial Group, Inc. |
| Mar 6, 2017 | Midwest Community Bank | Astra Bank |
| Mar 4, 2017 | Carolina Bank Holdings, Inc. | First Bancorp |
| Mar 4, 2017 | Twin Lakes Community Bank | Anstaff Bank |
| Mar 4, 2017 | Carolina Bank | First Bank |
| Mar 1, 2017 | Founders Bancorp | Heartland Financial USA, Inc. |
| Mar 1, 2017 | Founders Community Bank | Premier Valley Bank |
| Mar 1, 2017 | The Bank of Commerce | Centennial Bank |
| Mar 1, 2017 | Union Wallowa Baker Federal Credit Union | Old West Federal Credit Union |
| Mar 1, 2017 | Martin Federal Credit Union | Midflorida Credit Union |
| Mar 1, 2017 | Valor Federal Credit Union | Pentagon Federal Credit Union |
| Mar 1, 2017 | North Island Financial Credit Union | California Federal Credit Union |
The list holds 500 of the 608 mergers recorded for 2017.
Enforcement Actions in 2017
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Dec 27, 2017 | OCC | Citibank, N.A. | Civil Money Penalty (CMP): Citibank, National Association |
| Dec 14, 2017 Released Dec 19, 2017 | FRB | (individual) | Cease and Desist Order: Société Générale (Societe Generale), Paris, France, and Société Générale (Societe … |
| Dec 13, 2017 Released Dec 15, 2017 | FRB | The First State Bank of Commerce | Prohibition from Banking: Angela Asbell |
| Dec 13, 2017 Released Dec 15, 2017 | FRB | NBRS Financial Bank | Prohibition from Banking: Lowell W. McCoy |
| Dec 13, 2017 Released Dec 15, 2017 | FRB | Regions Bank | Prohibition from Banking: Jacob Harrison |
| Dec 12, 2017 | OCC | Community First Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Perkins, Mark |
| Dec 12, 2017 | OCC | Community First Bank | Civil Money Penalty (CMP): Perkins, Mark |
| Dec 7, 2017 | OCC | Boulevard Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ringsdorf, Robert |
| Dec 7, 2017 | OCC | Washington Federal Bank for Savings | Prompt Corrective Action (PCA) Directive: Washington Federal Bank For Savings |
| Nov 28, 2017 | FRB | (individual) | Consent Order: Peoples Bank, Lawrence, Kansas |
| Nov 21, 2017 | OCC | One National Bancshares, Inc. | Prohibition/Removal Orders: Whitehead, Tom |
| Nov 21, 2017 | OCC | One National Bancshares, Inc. | C&D or PC&D Requiring Restitution: Whitehead, Tom |
| Nov 21, 2017 | FRB | Abbey National Treasury Services PLC | Section 19 Letters: Rosemarie Collazo |
| Nov 14, 2017 | OCC | Firstar Bank | Prohibition/Removal Orders: Ferguson, Blake |
| Nov 9, 2017 | FRB | Community Trust Bank, Inc. | Section 19 Letters: Patricia C. Ison |
| Nov 9, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Kurtis L. Goines, Jr. |
| Nov 9, 2017 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): MUFG Bank, Ltd. Secondary NY Branch |
| Nov 9, 2017 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): MUFG Bank, Ltd. Primary NY Branch |
| Nov 3, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Christian T. Alexander |
| Nov 2, 2017 | OCC | WCF Financial Bank | Civil Money Penalty (CMP): Swon, Kyle |
| Oct 31, 2017 Released Nov 2, 2017 | FRB | Wayne Bank and Trust Co. | Civil Money Penalty: Wayne Bank and Trust Company |
| Oct 31, 2017 | OCC | First Federal Savings & Loan Association of Pascagoula-Moss Point | Civil Money Penalty (CMP): First FS & LA |
| Oct 26, 2017 | OCC | The Citizens National Bank of Meridian | Prohibition/Removal Orders: Jordan, Mark B. |
| Oct 25, 2017 Released Oct 26, 2017 | FRB | (individual) | Consent Order: Mid America Bank and Trust Company, Dixon, Missouri |
| Oct 25, 2017 | OCC | First National Bank | Prohibition/Removal Orders: McCarthy, Michael |
| Oct 25, 2017 | OCC | First National Bank | Prohibition/Removal Orders: Gandy, Robert |
| Oct 25, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): McCarthy, Michael |
| Oct 25, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): Leal, Eduardo |
| Oct 25, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): Gandy, Robert |
| Oct 25, 2017 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Leal, Eduardo |
| Oct 18, 2017 | FRB | (individual) | Section 19 Letters: Travis Montgomery Horner |
| Oct 17, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Lapala L. Crawford |
| Oct 17, 2017 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Christopher C. Rivera |
| Oct 13, 2017 | FRB | (individual) | Section 19 Letters: Wendy Jopko |
| Oct 10, 2017 | OCC | Citibank, N.A. | Civil Money Penalty (CMP): Citibank, National Association |
| Oct 6, 2017 Released Oct 10, 2017 | FRB | (individual) | Civil Money Penalty, $12,000: Farmers State Bank |
| Oct 6, 2017 Released Oct 10, 2017 | FRB | Bank of Gueydan | Civil Money Penalty, $7,000: Bank of Gueydan |
| Oct 5, 2017 | OCC | Citizens Bank and Trust of Lebanon, Inc. | Civil Money Penalty (CMP): Kirkland, Karen |
| Oct 5, 2017 | OCC | Citizens Bank and Trust of Lebanon, Inc. | Prohibition/Removal Orders: Kirkland, Karen |
| Oct 4, 2017 | OCC | The First National Bank of Gilbert | Prohibition/Removal Orders: Skenzich, Shelly M. |
| Oct 3, 2017 | FRB | Credit Suisse | Section 19 Letters: Susanne D. Ruegg Meier |
| Oct 2, 2017 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Garza, Oscar |
| Oct 2, 2017 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Guerra, Arcadio |
| Oct 2, 2017 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): McClelland, Jack |
| Oct 2, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): Bair, Dwayne |
| Oct 2, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): Garza, Oscar |
| Oct 2, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): Guerra, Arcadio |
| Oct 2, 2017 | OCC | First National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bair, Dwayne |
| Oct 2, 2017 | OCC | First National Bank | Civil Money Penalty (CMP): McClelland, Jack |
| Sep 29, 2017 | FRB | HSBC Holdings PLC | Civil Money Penalty, $175,296,000: HSBC Holdings PLC, London, United Kingdom and HSBC North America … |
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