Calendar Year
2019 in US Banking
702 bank events are on record for 2019: 4 failures, 547 mergers or acquisitions involving a bank, credit union or bank holding company, and 151 enforcement actions.
4
Failures
$208.8M in failed assets
547
Mergers
Federal Reserve NIC, banking organizations
151
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 2019 · Bank mergers 2019
How many banks failed in 2019?
4 banks failed in 2019, with $208.8M in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Nov 1, 2019 | City National Bank of New Jersey | $120.6M |
| Oct 25, 2019 | Louisa Community Bank | $28.2M |
| Oct 25, 2019 | Resolute Bank | $23.3M |
| May 31, 2019 | Enloe State Bank | $36.7M |
Which banks merged in 2019?
547 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2019.
See the fuller list: Bank mergers 2019 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Oct 1, 2019 | South Florida Federal Credit Union | Guardians Credit Union |
| Oct 1, 2019 | Judds Federal Credit Union | MVP Postal and Printing Federal Credit Union |
| Oct 1, 2019 | Healthcare 1st Federal Credit Union | Potomac Federal Credit Union |
| Oct 1, 2019 | Ohio Operating Engineers Federal Credit Union | Best Reward Federal Credit Union |
| Oct 1, 2019 | Northampton Vaf Federal Credit Union | Umassfive College Federal Credit Union |
| Oct 1, 2019 | The Cornerstone Credit Union | Vibrant Credit Union |
| Oct 1, 2019 | Deer Valley Credit Union | Copper State Credit Union |
| Oct 1, 2019 | The State National Bank in West | Citizens State Bank |
| Oct 1, 2019 | Homestead Federal Credit Union | Altana Federal Credit Union |
| Oct 1, 2019 | First Bank of Lilly | Somerset Trust Company |
| Oct 1, 2019 | Monarch Federal Credit Union | Firefighters & Company Federal Credit Union |
| Oct 1, 2019 | Bank of Mount Hope, Inc. | Pendleton Community Bank, Inc. |
| Oct 1, 2019 | Peoples First Federal Credit Union | Americas First Federal Credit Union |
| Oct 1, 2019 | Hawaii Pacific Federal Credit Union | Aloha Pacific Federal Credit Union |
| Oct 1, 2019 | SB Community Federal Credit Union | Service 1 Federal Credit Union |
| Oct 1, 2019 | Express-News Federal Credit Union | Randolph-Brooks Federal Credit Union |
| Oct 1, 2019 | Carco Federal Credit Union | Educational Systems Federal Credit Union |
| Oct 1, 2019 | The Partnership Federal Credit Union | NASA Federal Credit Union |
| Oct 1, 2019 | First State Bank | Bom Bank |
| Oct 1, 2019 | National Bancshares Waupun, Inc. | Neb Corporation |
| Oct 1, 2019 | Cairo/Moberly Bancshares, Inc. | RMB Bancshares, Inc. |
| Oct 1, 2019 | Beverly Bank | TruNorth Bank |
| Sep 30, 2019 | Erie Metro Federal Credit Union | Financial Trust Federal Credit Union |
| Sep 30, 2019 | Electchester Federal Credit Union | Consumers Federal Credit Union |
| Sep 28, 2019 | First State Bank, Inc. | Farmers Bank & Trust Company |
| Sep 28, 2019 | Community Bancorp of Kentucky, Inc. | Farmers Bancorp, Inc. of Marion, Kentucky |
| Sep 28, 2019 | Whitehall Credit Union | Pathways Financial Credit Union, Inc. |
| Sep 23, 2019 | Panora State Bank | Iowa Trust & Savings Bank |
| Sep 22, 2019 | Good Counsel Federal Credit Union | Brooklyn Cooperative Federal Credit Union |
| Sep 21, 2019 | De Witt Bank and Trust Company | Stone Bank |
| Sep 21, 2019 | Midsouth Bank, N.A. | Hancock Whitney Bank |
| Sep 21, 2019 | Midsouth Bancorp, Inc. | Hancock Whitney Corporation |
| Sep 14, 2019 | Lafayette Ambassador Bank | Fulton Bank, N.A. |
| Sep 14, 2019 | Small Town Bank | Southern States Bank |
| Sep 14, 2019 | East Alabama Financial Group, Inc. | Southern States Bancshares, Inc. |
| Sep 14, 2019 | The Columbia Bank | Fulton Bank, N.A. |
| Sep 14, 2019 | GSB Bancshares, Inc. | Circle I Bank Group, Inc. |
| Sep 14, 2019 | Gruver State Bank | Western Bank |
| Sep 13, 2019 | Postal Employees of Troy, N.Y. Federal Credit Union | Capital Communications Federal Credit Union |
| Sep 6, 2019 | Lakeside Bancshares, Inc. | PFBS Holdings, Inc. |
| Sep 3, 2019 | Brickell Bank | Banesco USA |
| Sep 2, 2019 | Premier National Investment Company, Inc. | Manufacturers and Traders Trust Company |
| Sep 2, 2019 | M&T Real Estate Trust | Manufacturers and Traders Trust Company |
| Sep 1, 2019 | Fidelity Bank of Florida, N.A. | Addition Financial Credit Union |
| Sep 1, 2019 | Pistachio Newco Inc. | Mechanics Bank |
| Sep 1, 2019 | Summit Financial Enterprises, Inc. | Cadence Bank |
| Sep 1, 2019 | Summit Bank, National Association | Cadence Bank |
| Sep 1, 2019 | Providence Bank | Heritage Southeast Bank |
| Sep 1, 2019 | MBT Financial Corp. | First Merchants Corporation |
| Sep 1, 2019 | Martin Luther King Credit Union | Priority Trust Credit Union |
The list holds 500 of the 547 mergers recorded for 2019.
Enforcement Actions in 2019
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Aug 1, 2019 | OCC | The Northumberland National Bank | Prohibition/Removal Orders: Heintzelman, Scott A. |
| Jul 29, 2019 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Abreu, Lisandra |
| Jul 29, 2019 | OCC | Mufg Union Bank Foundation | Civil Money Penalty (CMP): MUFG Union Bank, National Association |
| Jul 26, 2019 | FDIC | (individual) | FDIC Makes Public June Enforcement Actions |
| Jul 23, 2019 | OCC | Simmons First National Corporation | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Elkins, Chris |
| Jul 23, 2019 | OCC | Simmons First National Corporation | Civil Money Penalty (CMP): Elkins, Chris |
| Jul 17, 2019 | OCC | Rabobank, N.A. | Civil Money Penalty (CMP): Weiss, Daniel |
| Jul 17, 2019 | OCC | Rabobank, N.A. | Prohibition/Removal Orders: Weiss, Daniel |
| Jul 17, 2019 | OCC | The First National Bank of Hope | Formal Agreement: The First National Bank of Hope |
| Jul 12, 2019 | OCC | First Niagara Bank, N.A. | Prohibition/Removal Orders: Moore, Lisa |
| Jul 11, 2019 | OCC | Firstar Bank | Notice of Charges: Mulder, William Brian |
| Jul 10, 2019 | FRB | (individual) | Section 19 Letters: Barbara R. Ramey |
| Jun 28, 2019 | FDIC | (individual) | FDIC Makes Public May Enforcement Actions |
| Jun 26, 2019 | OCC | City National Bank of New Jersey | Prompt Corrective Action (PCA) Directive: City National Bank of New Jersey |
| Jun 20, 2019 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Paul Stingley |
| Jun 20, 2019 | OCC | The First National Bank of Tahoka | Formal Agreement: The First National Bank of Tahoka |
| Jun 19, 2019 | FRB | Suntrust Banks, Inc. | Section 19 Letters: Jennal Aziz |
| Jun 18, 2019 | OCC | Sterling Bank and Trust, FSB | Formal Agreement: Sterling Bank and Trust, FSB |
| Jun 13, 2019 | OCC | Wilmington Savings Fund Society, FSB | Civil Money Penalty (CMP): Wilmington Savings Fund Society, Federal Savings Bank |
| Jun 10, 2019 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Haley M. Bailey |
| Jun 10, 2019 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Sharhonda Marshell Siler |
| Jun 7, 2019 | OCC | First Southern National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Dailey, McKinley |
| Jun 7, 2019 | OCC | First Southern National Bank | C&D or PC&D Requiring Restitution: Dailey, McKinley |
| Jun 7, 2019 | OCC | First Southern National Bank | Civil Money Penalty (CMP): Dailey, McKinley |
| Jun 7, 2019 | OCC | First Southern National Bank | Prohibition/Removal Orders: Dailey, McKinley |
| Jun 6, 2019 | FRB | First Citizens Community Bank | Section 19 Letters: Lynn Marie Mack |
| Jun 6, 2019 | FRB | Regions Bank | Section 19 Letters: Kelly A. Coppelli |
| Jun 4, 2019 Released Jun 6, 2019 | FRB | (individual) | Cease and Desist Order: Youlei Tang |
| May 31, 2019 | FDIC | (individual) | FDIC Makes Public April Enforcement Actions |
| May 24, 2019 | OCC | The Federal Savings Bank | Suspension Order for Criminal Conduct: Calk, Stephen M. |
| May 20, 2019 | OCC | Santander Bank, N.A. | Notice of Charges: Mills, Walter F. |
| May 20, 2019 Released May 21, 2019 | FRB | The Croghan Colonial Bank | Prohibition from Banking: Katherine Tibboles |
| May 20, 2019 | FRB | Clear Mountain Bank, Inc. | Section 19 Letters: Karen Kinsley |
| May 20, 2019 Released May 21, 2019 | FRB | The Croghan Colonial Bank | Cease and Desist Order: Katherine Tibboles |
| May 16, 2019 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Fabon, Troy D. |
| May 16, 2019 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Mertz, Kimberly |
| May 15, 2019 Released May 16, 2019 | FRB | Adams Bank & Trust | Civil Money Penalty, $69,000: Adams Bank and Trust, Ogallala, Nebraska |
| May 13, 2019 Released May 16, 2019 | FRB | Fayette County Bank | Prohibition from Banking: Adam D. Koontz |
| May 6, 2019 | OCC | Northwestern Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Thomason, Matthew |
| May 6, 2019 | OCC | Northwestern Bank, N.A. | Prohibition/Removal Orders: Thomason, Matthew |
| May 6, 2019 | OCC | Northwestern Bank, N.A. | C&D or PC&D Requiring Restitution: Thomason, Matthew |
| May 1, 2019 Released May 2, 2019 | FRB | (individual) | Prohibition from Banking: Christopher O'Connell |
| Apr 30, 2019 | OCC | Colonial Savings, F.A. | Civil Money Penalty (CMP): Colonial Savings, F.A. |
| Apr 30, 2019 | FRB | Compass Bank | Section 19 Letters: Chrisie Michelle Curtis |
| Apr 26, 2019 | FDIC | (individual) | FDIC Makes Public March Enforcement Actions |
| Apr 23, 2019 Released Apr 25, 2019 | FRB | Sumitomo Mitsui Banking Corporation | Written Agreement: Sumitomo Mitsui Banking Corporation, Tokyo, Japan and Sumitomo Mitsui Banking Corporation New … |
| Apr 18, 2019 | FRB | Regions Bank | Section 19 Letters: Amy June Shaufelberger |
| Apr 15, 2019 | FRB | Unicredit S.P.A. | Civil Money Penalty, $157,770,000: UniCredit, S.p.A, UniCredit Bank AG, and UniCredit Bank Austria AG |
| Apr 15, 2019 | FRB | Unicredit S.P.A. | Cease and Desist Order: UniCredit, S.p.A, UniCredit Bank AG, and UniCredit Bank Austria AG |
| Apr 12, 2019 | FRB | Regions Bank | Section 19 Letters: Luz A. Tinajero |
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