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 |
|---|---|---|
| Sep 9, 2017 | Atlantic National Bank | Primesouth Bank |
| Sep 9, 2017 | The State Bank of Blue Rapids | First Commerce Bank |
| Sep 9, 2017 | Benchmark Bancorp, Inc. | United Bancshares, Inc. |
| Sep 7, 2017 | Mountain Valley Bancshares, Inc. | Piedmont Bancorp, Inc. |
| Sep 7, 2017 | Mountain Valley Community Bank | The Piedmont Bank |
| Sep 5, 2017 | First South Bank | Simmons Bank |
| Sep 2, 2017 | Centrue Bank | Midland States Bank |
| Sep 2, 2017 | Resurgens Bank | CharterBank |
| Sep 2, 2017 | Resurgens Bancorp | Charter Financial Corporation |
| Sep 1, 2017 | Triple C 16 Federal Credit Union | LM Federal Credit Union |
| Sep 1, 2017 | Patriot Bank | National Bank of Commerce |
| Sep 1, 2017 | Lafayette Community Bancorp | Horizon Bancorp, Inc. |
| Sep 1, 2017 | Lafayette Community Bank | Horizon Bank |
| Sep 1, 2017 | Peoples Bank | Advia Credit Union |
| Sep 1, 2017 | Saint Stephens Federal Credit Union | Our Mother of Mercy Parish Houston Federal Credit Union |
| Sep 1, 2017 | Valley Bell Federal Credit Union | Members Choice WV Federal Credit Union |
| Sep 1, 2017 | West Maui Community Federal Credit Union | Maui County Federal Credit Union |
| Sep 1, 2017 | Madco Credit Union | 1st Midamerica Credit Union |
| Sep 1, 2017 | L C Municipal Federal Credit Union | Access of Louisiana Federal Credit Union |
| Sep 1, 2017 | Osu Technical Branch Federal Credit Union | First Family Federal Credit Union |
| Sep 1, 2017 | Peru Municipal Credit Union | Illinois Valley Credit Union |
| Sep 1, 2017 | Standard Steel Employees Federal Credit Union | Blue Chip Federal Credit Union |
| Sep 1, 2017 | Financial Federal Credit Union | Tropical Financial Credit Union |
| Aug 31, 2017 | Love Gospel Assembly Federal Credit Union | Usalliance Federal Credit Union |
| Aug 31, 2017 | Nea Federal Credit Union | Affinity Federal Credit Union |
| Aug 19, 2017 | Wells Federal Bank | Ccfbank N.A. |
| Aug 19, 2017 | Wells Financial Corp. | Citizens Community Bancorp, Inc. |
| Aug 17, 2017 | Leahi Federal Credit Union | University of Hawaii Federal Credit Union |
| Aug 16, 2017 | Monitor Bancorp, Inc. | Farmers National Banc Corp. |
| Aug 16, 2017 | The Monitor Bank | The Farmers National Bank of Canfield |
| Aug 12, 2017 | Hometown Bank of the Hudson Valley | Wallkill Valley Federal Savings and Loan Association |
| Aug 12, 2017 | Avon State Bank | American Heritage National Bank |
| Aug 12, 2017 | Bank of the Cascades | First Interstate Bank |
| Aug 1, 2017 | The Bank of Whitewater | Vintage Bank Kansas |
| Aug 1, 2017 | First Niagara Commercial Finance, Inc. | KeyBank N.A. |
| Aug 1, 2017 | Sovereign Bancshares, Inc. | Veritex Holdings, Inc. |
| Aug 1, 2017 | Sovereign Bank | Veritex Community Bank |
| Aug 1, 2017 | HCSB Financial Corporation | United Community Banks, Inc. |
| Aug 1, 2017 | Horry County State Bank | United Community Bank |
| Aug 1, 2017 | American City Bank | FirstBank |
| Aug 1, 2017 | Rose City Federal Credit Union | Envision Credit Union |
| Aug 1, 2017 | Ici America Federal Credit Union | Del-One Federal Credit Union |
| Aug 1, 2017 | Thunder Bay Area Credit Union | Wolverine State Credit Union |
| Aug 1, 2017 | Daijo Federal Credit Union | Nikkei Credit Union |
| Aug 1, 2017 | Fedcom Credit Union | Members First Credit Union dba Members First Investment Services |
| Aug 1, 2017 | East Feliciana Teachers Federal Credit Union | Pelican Credit Union |
| Aug 1, 2017 | Able Federal Credit Union | First Peoples Community Federal Credit Union |
| Aug 1, 2017 | Star Harbor Federal Credit Union | Financial Partners Credit Union |
| Aug 1, 2017 | Lakes Area Federal Credit Union | Members Cooperative Credit Union |
| Aug 1, 2017 | Ocean Communities Federal Credit Union | Lighthouse 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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