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 |
|---|---|---|
| Jun 7, 2017 | Kaw Valley Bancorp, Inc. | Topeka Bancorp, Inc. |
| Jun 5, 2017 | Arlington Hotel Federal Credit Union | Clearway Federal Credit Union |
| Jun 3, 2017 | The Hamlin Financial Corporation | Vista Bancshares, Inc. |
| Jun 3, 2017 | Hamlin National Bank | Vista Bank |
| Jun 3, 2017 | Farmers Bank | Uplift Bank |
| Jun 2, 2017 | Spencer Bancorporation, Inc. | Stratford Bancshares, Inc. |
| Jun 1, 2017 | Alterra Bank | First Business Bank |
| Jun 1, 2017 | Jax Metro Credit Union | Self-Help Credit Union |
| Jun 1, 2017 | First Business Bank-Milwaukee | First Business Bank |
| Jun 1, 2017 | First Guaranty Bank | The First Commonwealth Bank of Prestonsburg, Inc. |
| Jun 1, 2017 | Central Bank of Jefferson County | Central Bank & Trust Company |
| Jun 1, 2017 | Mackinac Savings Bank, F.S.B. | Ithink Financial Credit Union |
| Jun 1, 2017 | I F F Employees Federal Credit Union | United Teletech Financial Federal Credit Union |
| Jun 1, 2017 | First Choice Credit Union Inc | Superior Credit Union Inc |
| Jun 1, 2017 | Suntide Federal Credit Union | Pentagon Federal Credit Union |
| Jun 1, 2017 | Shoreline Federal Credit Union | Community Choice Credit Union |
| Jun 1, 2017 | Fire Department Credit Union | Indianhead Credit Union |
| Jun 1, 2017 | Arch Community Credit Union | Alliance Credit Union |
| Jun 1, 2017 | Augusta Metro Federal Credit Union | Pentagon Federal Credit Union |
| May 31, 2017 | Bally Savings Bank | Ambler Savings Bank |
| May 31, 2017 | Cascade Bancorp | First Interstate Bancsystem, Inc. |
| May 24, 2017 | Georgetown Bank | Salem Five Cents Savings Bank |
| May 24, 2017 | Georgetown Bancorp, Inc. | Salem Five Bancorp |
| May 20, 2017 | The Arlington Bank | First Merchants Bank |
| May 19, 2017 | Northwell Health Federal Credit Union | Fourleaf Federal Credit Union |
| May 16, 2017 | Hardeman County Investment Company, Inc. | Simmons First National Corporation |
| May 13, 2017 | First Financial Bank | First United Bank |
| May 13, 2017 | The First National Bank in Wadena | Wadena State Bank |
| May 13, 2017 | The Edgartown National Bank | Rockland Trust Company |
| May 13, 2017 | Merchants Bank | Community Bank, N.A. |
| May 13, 2017 | Island Bancorp, Inc. | Independent Bank Corp. |
| May 13, 2017 | Merchants Bancshares, Inc. | Community Financial System, Inc. |
| May 6, 2017 | Bank of Nebraska | Access Bank |
| May 1, 2017 | Gateway Bank of Central Florida | SouthState Bank, N.A. |
| May 1, 2017 | TFB Bancorp, Inc. | Glacier Bancorp, Inc. |
| May 1, 2017 | Gateway Bank of Southwest Florida | SouthState Bank, N.A. |
| May 1, 2017 | A.G. Edwards Capital, Inc. | Wells Fargo & Company |
| May 1, 2017 | Gateway Financial Holdings of Florida, Inc. | Centerstate Bank Corporation |
| May 1, 2017 | Gateway Bank of Florida | SouthState Bank, N.A. |
| May 1, 2017 | FCB Bancorp, Inc. | Mainsource Financial Group, Inc. |
| May 1, 2017 | The Foothills Bank | Glacier Bank |
| May 1, 2017 | Wachovia Community Development Corporation | Wells Fargo & Company |
| May 1, 2017 | First Union Community Development Corporation | Wells Fargo & Company |
| May 1, 2017 | First Baptist Church of Darby Federal Credit Union | American Heritage Federal Credit Union |
| May 1, 2017 | Henry State Bank | Midamerica National Bank |
| May 1, 2017 | Michigan Community Credit Union | Community Choice Credit Union |
| May 1, 2017 | Hawaii National Guard Federal Credit Union | Aloha Pacific Federal Credit Union |
| May 1, 2017 | Landmark Credit Union | Greylock Federal Credit Union |
| May 1, 2017 | Employment Security Credit Union | Tennessee Employees Credit Union |
| May 1, 2017 | Collegeville Community Credit Union | Magnifi Financial 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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