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 |
|---|---|---|
| Jul 1, 2017 | Fairfax City Federal Credit Union | The Partnership Federal Credit Union |
| Jul 1, 2017 | Northern Tier Federal Credit Union | North Star Community Credit Union |
| Jul 1, 2017 | GP Community Federal Credit Union | Ufirst Federal Credit Union |
| Jul 1, 2017 | Encore Federal Credit Union | Consumers Credit Union |
| Jul 1, 2017 | Kalamazoo Building Trades Credit Union | Kalsee Credit Union |
| Jul 1, 2017 | Security Bank | Citizens Bank |
| Jul 1, 2017 | Harbor Credit Union | Fox Communities Credit Union |
| Jul 1, 2017 | West Coast Federal Employees Credit Union | Usf Federal Credit Union |
| Jul 1, 2017 | Citizen's Bank | Investar Bank, N.A. |
| Jul 1, 2017 | Scenic Falls Federal Credit Union | Lookout Federal Credit Union |
| Jul 1, 2017 | Citizens Bancshares, Inc. | Investar Holding Corporation |
| Jul 1, 2017 | Wells Fargo Principal Investments, LLC | Wells Fargo & Company |
| Jul 1, 2017 | New Windsor Bancorp, Inc. | ACNB Corporation |
| Jul 1, 2017 | Metropolitan Bancgroup, Inc. | Renasant Corporation |
| Jul 1, 2017 | First Partners Bank | Progress Bank and Trust |
| Jul 1, 2017 | First Partners Financial, Inc. | Progress Financial Corporation |
| Jun 30, 2017 | Poca Valley Financial | The Poca Valley Bank, Inc. |
| Jun 30, 2017 | K&E Employees Federal Credit Union | Hoboken NJ Police Federal Credit Union |
| Jun 30, 2017 | Musicians' Interguild Credit Union | Sag-Aftra Federal Credit Union |
| Jun 30, 2017 | Canton Police & Firemen's Credit Union | Community One Credit Union of Ohio, Inc. |
| Jun 27, 2017 | Bank of the Ozarks Inc | Bank OZK |
| Jun 24, 2017 | Illini Bank | United Community Bank |
| Jun 24, 2017 | Eastern Virginia Bankshares, Inc. | Primis Financial Corp. |
| Jun 24, 2017 | The First Capital Bank of Kentucky | MainSource Bank |
| Jun 24, 2017 | Evb | Primis Bank |
| Jun 24, 2017 | Farmers State Bank of Camp Point | United Community Bank |
| Jun 23, 2017 | Privatebancorp, Inc. | CIBC Bancorp USA Inc. |
| Jun 19, 2017 | First National Bank of Santa Fe | Sunflower Bank, N.A. |
| Jun 19, 2017 | Strategic Growth Bancorp Incorporated | Firstsun Capital Bancorp |
| Jun 19, 2017 | Strategic Growth Bank Incorporated | Firstsun Capital Bancorp |
| Jun 19, 2017 | Guardian Mortgage Company, Inc. | Sunflower Bank, N.A. |
| Jun 19, 2017 | Capital Bank, SSB | Sunflower Bank, N.A. |
| Jun 19, 2017 | Tammcorp, Inc. | Southern Missouri Bancorp, Inc. |
| Jun 19, 2017 | First National Bancorp Incorporated | Firstsun Capital Bancorp |
| Jun 19, 2017 | Capaha Bank, SB | Southern Bank |
| Jun 17, 2017 | Synergy Bank, S.S.B. | First Guaranty Bank |
| Jun 17, 2017 | Premier Delaware Bancshares, Inc | First Guaranty Bancshares, Inc. |
| Jun 17, 2017 | Premier Bancshares, Inc. | First Guaranty Bancshares, Inc. |
| Jun 17, 2017 | Stratford State Bank | Partners Bank |
| Jun 16, 2017 | Bank of North Carolina | Pinnacle Bank |
| Jun 16, 2017 | Kirksville Bancorp, Inc. | Connections Bancshares, Inc. |
| Jun 16, 2017 | BNC Bancorp | Pinnacle Financial Partners, Inc. |
| Jun 16, 2017 | Wachovia Capital Investments, Inc. | Wells Fargo & Company |
| Jun 16, 2017 | Richmond County Health Department Employees Credit Union | SRP Federal Credit Union |
| Jun 10, 2017 | TCT Holdings, Inc. | EverBank Financial Corp |
| Jun 10, 2017 | Tiaa-Cref Trust Company FSB | EverBank, N.A. |
| Jun 10, 2017 | Middleton Community Bank | Monona Bank |
| Jun 10, 2017 | Centrue Financial Corporation | Midland States Bancorp, Inc. |
| Jun 10, 2017 | Southbridge Savings Bank | Cornerstone Bank |
| Jun 8, 2017 | Public Service Sewaren Federal Credit Union | Public Service 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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