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 |
|---|---|---|
| Dec 31, 2019 | Transcapital Bank | Power Financial Credit Union |
| Dec 31, 2019 | Ari Acquisition Corporation | UBS Americas Inc. |
| Dec 31, 2019 | Scotiabank de Puerto Rico | Oriental Bank |
| Dec 31, 2019 | Bank of Commerce | Carson Community Bank |
| Dec 31, 2019 | Salem Baptist Federal Credit Union | Liberty Savings Federal Credit Union |
| Dec 30, 2019 | Sargent Bankshares, Inc. | Napoleon Bancorporation, Inc. |
| Dec 18, 2019 | Farmers State Bank of Danforth | First Trust Bank of Illinois |
| Dec 18, 2019 | Prairie State Bancorp, Inc. | First Trust Financial Corp. |
| Dec 16, 2019 | Magnify Credit Union | Pentagon Federal Credit Union |
| Dec 15, 2019 | Virginia Community Bank | Blue Ridge Bank, N.A. |
| Dec 15, 2019 | Virginia Community Bankshares, Inc. | Blue Ridge Bankshares, Inc. |
| Dec 11, 2019 | T H D 6 Credit Union | Txdot Credit Union |
| Dec 10, 2019 | First Covenant Bank | First Century Bank, N.A. |
| Dec 9, 2019 | Commercial State Bank | Georgia Community Bank |
| Dec 7, 2019 | First Trust & Savings Bank of Albany, Illinois | Morton Community Bank |
| Dec 7, 2019 | BankLiberty | Central Bank of the Midwest |
| Dec 7, 2019 | Suntrust Bank | Truist Bank |
| Dec 7, 2019 | Suntrust Bank Holding Company | Truist Financial Corporation |
| Dec 7, 2019 | Suntrust Banks, Inc. | Truist Financial Corporation |
| Dec 7, 2019 | Liberty Bancorp, Inc. | First National Bancor, Inc. |
| Dec 5, 2019 | Security Home Bank | Cornerstone Bank |
| Dec 5, 2019 | Malmo Bancorp, Inc. | First York Ban Corp. |
| Dec 2, 2019 | First State Bank of Colfax | Bank Iowa |
| Dec 2, 2019 | Platte County Bancshares, Inc. | Platte Acquisition Corporation |
| Dec 2, 2019 | First State Bank of Ashby | Viking Bank, N.A. |
| Dec 1, 2019 | Oritani Bank | Valley National Bank |
| Dec 1, 2019 | Bancwest Corporation | BNP Paribas USA, Inc. |
| Dec 1, 2019 | Pinnacle Bank | Arizona Financial Credit Union |
| Dec 1, 2019 | Rockford Bank and Trust Company | Illinois Bank & Trust |
| Dec 1, 2019 | Oritani Financial Corp | Valley National Bancorp |
| Dec 1, 2019 | DNB Financial Corporation | S&T Bancorp, Inc. |
| Dec 1, 2019 | The Labor Credit Union | Linden Credit Union |
| Dec 1, 2019 | Fayetteville Postal Credit Union | Piedmont Advantage Credit Union |
| Dec 1, 2019 | Lincoln National Federal Credit Union | Summit Credit Union |
| Dec 1, 2019 | Waukegan Municipal Employees Credit Union | Consumers Credit Union |
| Dec 1, 2019 | CDSC Louisiana Federal Credit Union | Carter Federal Credit Union |
| Dec 1, 2019 | Turbine Federal Credit Union | Self-Help Credit Union |
| Dec 1, 2019 | Electrus Federal Credit Union | Blaze Credit Union |
| Dec 1, 2019 | Oregon Pioneer Federal Credit Union | Hapo Community Credit Union |
| Dec 1, 2019 | DNB First, National Association | S & T Bank |
| Nov 30, 2019 | City of Schenectady Employees Federal Credit Union | Capital Communications Federal Credit Union |
| Nov 29, 2019 | Tuscumbia Federal Credit Union | Valley Credit Union |
| Nov 27, 2019 | Zorm 2009, LLC | Oritani Bank |
| Nov 23, 2019 | Old Line Bancshares, Inc. | WesBanco, Inc. |
| Nov 23, 2019 | Old Line Bank | WesBanco Bank, Inc. |
| Nov 16, 2019 | First Delta Bank | Armor Bank |
| Nov 16, 2019 | The First and Farmers Bank | First State Bank |
| Nov 16, 2019 | M a Ford Employees Credit Union | Ascentra Credit Union |
| Nov 13, 2019 | Fairport Federal Credit Union | Finger Lakes Federal Credit Union |
| Nov 13, 2019 | West Texas State Bank | City Bank |
The list holds 500 of the 547 mergers recorded for 2019.
Enforcement Actions in 2019
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Apr 12, 2019 | FRB | Copiah Bancshares, Inc. | Section 19 Letters: Guy E. Evans |
| Apr 12, 2019 | FRB | Regions Bank | Section 19 Letters: Elizabeth Riley |
| Apr 11, 2019 | FRB | (individual) | Section 19 Letters: Colin James |
| Apr 11, 2019 | OCC | Northwestern Bank, N.A. | Notice of Charges: Thomason, Matthew |
| Apr 10, 2019 | OCC | The First National Bank of Woodsboro | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Jones, Jason |
| Apr 10, 2019 | FRB | East West Bank | Section 19 Letters: Vivian Tat |
| Apr 9, 2019 | OCC | MidFirst Bank | Civil Money Penalty (CMP): Midfirst Bank |
| Apr 8, 2019 Released Apr 9, 2019 | FRB | (individual) | Civil Money Penalty, $163,687,500: Standard Chartered plc, London, United Kingdom, Standard Chartered Bank, London, … |
| Apr 8, 2019 Released Apr 9, 2019 | FRB | (individual) | Cease and Desist Order: Standard Chartered plc, London, United Kingdom, Standard Chartered Bank, London, … |
| Apr 4, 2019 Released Apr 16, 2019 | FRB | Princeton Capital Holdings LLC | Written Agreement: Princeton Capital Holdings LLC, Princeton Capital LLC, and Princap Holdings One LLC |
| Mar 29, 2019 | FDIC | (individual) | FDIC Makes Public February Enforcement Actions |
| Mar 27, 2019 | FRB | OakStar Bank | Prohibition from Banking: Caleb T. Jones |
| Mar 25, 2019 | FRB | Wintrust Financial Corporation | Civil Money Penalty, $1,012,500: Wintrust Financial Corporation, Rosemont, Illinois |
| Mar 25, 2019 | OCC | Rabobank, N.A. | Notice of Charges: Weiss, Daniel |
| Mar 19, 2019 | OCC | Citibank, N.A. | Civil Money Penalty (CMP): Citibank, N.A. |
| Mar 19, 2019 | FRB | PlainsCapital Bank | Section 19 Letters: Jill Myers |
| Mar 19, 2019 | FRB | PlainsCapital Bank | Section 19 Letters: Cynthia Luna Rodriguez |
| Mar 19, 2019 | FRB | Comerica Bank | Section 19 Letters: Christopher Roman |
| Mar 19, 2019 | FRB | Vantage Bank Texas | Section 19 Letters: Alma Bermudez |
| Mar 12, 2019 | OCC | Cfsbank | Formal Agreement: Cfsbank |
| Mar 11, 2019 Released Mar 12, 2019 | FRB | Goldman Sachs (Singapore) Pte | Civil Money Penalty, $1,425,000: Tim Leissner |
| Mar 11, 2019 Released Mar 12, 2019 | FRB | Goldman Sachs (Singapore) Pte | Prohibition from Banking: Tim Leissner |
| Mar 11, 2019 Released Mar 12, 2019 | FRB | Goldman Sachs (Singapore) Pte | Prohibition from Banking: Ng Chong Hwa, also known as 'Roger Ng' |
| Mar 11, 2019 | OCC | United Americas Bank, N.A. | Civil Money Penalty (CMP): Blanton, William R. |
| Mar 7, 2019 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Cortes, Marcos |
| Mar 6, 2019 | OCC | U.S. Bank N.A. | Prohibition/Removal Orders: Moore, Geraldine |
| Feb 22, 2019 | FDIC | (individual) | FDIC Makes Public January Enforcement Actions |
| Feb 21, 2019 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): MUFG Bank, Ltd. Primary NY Branch |
| Feb 21, 2019 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Riley, Ginger |
| Feb 21, 2019 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): MUFG Bank, Ltd. Los Angeles Branch |
| Feb 21, 2019 | OCC | Chicago Branch Holdings, Inc. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): MUFG Bank, Ltd. Chicago Branch |
| Feb 15, 2019 Released Feb 21, 2019 | FRB | J.P. Morgan Securities (Asia Pacific) Limited | Prohibition from Banking: Timothy Fletcher |
| Feb 5, 2019 | OCC | Ben Franklin Bank of Illinois | Formal Agreement: Ben Franklin Bank of Illinois |
| Feb 5, 2019 Released Feb 7, 2019 | FRB | Suntrust Bank | Prohibition from Banking: Alison Keefe |
| Jan 29, 2019 Released Feb 5, 2019 | FRB | Mariner's Bancorp | Prohibition from Banking, Notice of Suspension: Fred Daibes |
| Jan 28, 2019 | FRB | Suntrust Bank | Section 19 Letters: Mary E. Parham |
| Jan 28, 2019 | OCC | BOKF, N.A. | Prohibition/Removal Orders: Olsen, William |
| Jan 28, 2019 | OCC | BOKF, N.A. | Civil Money Penalty (CMP): Olsen, William |
| Jan 28, 2019 | FRB | Regions Bank | Section 19 Letters: Nancy L. Sims |
| Jan 28, 2019 | FRB | Suntrust Bank | Section 19 Letters: Ginger M. Vega |
| Jan 28, 2019 | FRB | Suntrust Bank | Section 19 Letters: Elizabeth A. Fletcher |
| Jan 28, 2019 | FRB | Suntrust Bank | Section 19 Letters: Deforest N. Ross |
| Jan 25, 2019 | FDIC | (individual) | FDIC Makes Public December Enforcement Actions |
| Jan 25, 2019 Released Jan 31, 2019 | FRB | Frost Bank | Prohibition from Banking: Raysol Villalobos |
| Jan 25, 2019 Released Jan 31, 2019 | FRB | Frost Bank | Cease and Desist Order: Raysol Villalobos |
| Jan 23, 2019 | FRB | Central Bank of the South | Section 19 Letters: Steven Michael Watson |
| Jan 18, 2019 Released Jan 22, 2019 | FRB | CFG Community Bank | Prohibition from Banking: David Lavine |
| Jan 16, 2019 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Parnell, Cheraye C. |
| Jan 7, 2019 | OCC | JPMorgan Chase Bank, N.A. | Suspension Order for Criminal Conduct: Aiyer, Akshay |
| Jan 7, 2019 | OCC | USAA Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): USAA Federal Savings Bank |
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