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 |
|---|---|---|
| Oct 1, 2017 | Asb Bancorp, Inc. | First Bancorp |
| Oct 1, 2017 | AloStar Bank of Commerce | State Bank and Trust Company |
| Oct 1, 2017 | Chattahoochee Bank of Georgia | Entegra Bank |
| Oct 1, 2017 | Capital Bank | Seacoast Commerce Bank |
| Oct 1, 2017 | Folsom Lake Bank | Community West Bank |
| Oct 1, 2017 | First Insurance Funding Corporation | Lake Forest Bank & Trust Company, N.A. |
| Oct 1, 2017 | CBT Bank | Riverview Bank |
| Oct 1, 2017 | Century Employees Savings Fund Credit Union | Summit Credit Union |
| Oct 1, 2017 | Post Community Credit Union | Honor Credit Union dba Honor Investment Services |
| Oct 1, 2017 | Our Lady of the Angels Federal Credit Union | Fall River Municipal Credit Union |
| Oct 1, 2017 | Saint Elizabeth Employees Credit Union | Community First Credit Union |
| Oct 1, 2017 | Northern Hancock Bank & Trust Co. | The Farmers National Bank of Emlenton |
| Oct 1, 2017 | Qualtrust Credit Union | Texas Trust Credit Union |
| Oct 1, 2017 | Elizabeth Postal Employees Credit Union | Community Financial Services Federal Credit Union |
| Oct 1, 2017 | Credit Union One, Inc. | Seven Seventeen Credit Union Inc |
| Oct 1, 2017 | Group Service Employees Federal Credit Union | Lifetime Federal Credit Union |
| Oct 1, 2017 | Saint Casimir's Savings Bank | Kopernik Bank |
| Oct 1, 2017 | Narc Federal Credit Union | Agriculture Federal Credit Union |
| Oct 1, 2017 | North Georgia Community Federal Credit Union | Coosa Valley Credit Union |
| Oct 1, 2017 | Bank of Wedowee | First Bank of Alabama |
| Oct 1, 2017 | Asheville Savings Bank, S.S.B. | First Bank |
| Oct 1, 2017 | Baraboo Municipal Employees Credit Union | Summit Credit Union |
| Oct 1, 2017 | Avon Co-operative Bank | Abington Bank |
| Oct 1, 2017 | General Credit Union | Partners 1st Federal Credit Union |
| Oct 1, 2017 | D'Puc Credit Union | Credit Union 1 |
| Oct 1, 2017 | First Home Bank | Stockmens Bank |
| Oct 1, 2017 | Bank of Walnut Grove | Bank of Forest |
| Oct 1, 2017 | Parker Community Credit Union | Educators Credit Union |
| Oct 1, 2017 | Electric Energy Inc. Employees Credit Union | Vibrant Credit Union |
| Oct 1, 2017 | CBT Financial Corp. | Riverview Financial Corporation |
| Oct 1, 2017 | Swann Bancshares, Inc. | Firstbanc of Alabama, Inc. |
| Oct 1, 2017 | Wells Fargo Exchange Services, Inc. | Wells Fargo & Company |
| Sep 30, 2017 | Sandusky Ohio Edison Employees Federal Credit Union | Vacationland Federal Credit Union |
| Sep 30, 2017 | Acume Credit Union | Garden State Federal Credit Union |
| Sep 30, 2017 | Menominee Area Credit Union | Covantage Credit Union |
| Sep 30, 2017 | Badger Credit Union | N.E.W. Credit Union |
| Sep 30, 2017 | Philadelphia Gas Works Employees Federal Credit Union | Eagle One Federal Credit Union |
| Sep 30, 2017 | MHCB America Holdings, Inc. | Mizuho Americas LLC |
| Sep 30, 2017 | U of P Federal Credit Union | Penn Federal Credit Union |
| Sep 29, 2017 | Frontier Financial Credit Union | Greater Nevada Credit Union |
| Sep 28, 2017 | Trenton Bankshares, Inc. | Captex Bancshares, Inc. |
| Sep 27, 2017 | Stonegate Bank | Centennial Bank |
| Sep 26, 2017 | World's Foremost Bank | Synovus Bank |
| Sep 26, 2017 | World's Foremost Bank | Capital One Bank (USA), N.A. |
| Sep 25, 2017 | Miner County Bank | Rivers Edge Bank |
| Sep 25, 2017 | First State Bank | Rivers Edge Bank |
| Sep 23, 2017 | Commercial Bank | Premierbank |
| Sep 19, 2017 | Scottrade Bank | TD Bank, N.A. |
| Sep 16, 2017 | Bucks County Bank | First Bank |
| Sep 9, 2017 | Benchmark Bank | The Union Bank Company |
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 … |
Browse adjacent years: 2016 · 2018
Or jump to a category: Failures · Mergers · Enforcement · Assistance