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 |
|---|---|---|
| Mar 1, 2019 | Ccac Federal Credit Union | Greater Pittsburgh Federal Credit Union |
| Mar 1, 2019 | Colton School Employees Federal Credit Union | Bourns Employees Federal Credit Union |
| Mar 1, 2019 | Cheshire County Federal Credit Union | Gfa Federal Credit Union |
| Mar 1, 2019 | Beneficial Bank | Wilmington Savings Fund Society, FSB |
| Mar 1, 2019 | Wiregrass Federal Credit Union | All in Federal Credit Union |
| Mar 1, 2019 | Ibew 968 Federal Credit Union | Union Trades Federal Credit Union |
| Mar 1, 2019 | Mainland Bank | Investar Bank, N.A. |
| Mar 1, 2019 | Kopernik Bank | Bayvanguard Bank |
| Feb 23, 2019 | Unity Bank North | Unity Bank |
| Feb 23, 2019 | Unity Bank | Unity Bank |
| Feb 16, 2019 | Jacksonville Savings Bank | CNB Bank and Trust, N.A. |
| Feb 16, 2019 | The Jamestown State Bank | Guaranty State Bank and Trust Company |
| Feb 9, 2019 | Gunnison Valley Bank | State Bank of Southern Utah |
| Feb 2, 2019 | First State Bank of Wabasha | WNB Financial, N.A. |
| Feb 2, 2019 | Gateway State Bank | First Central State Bank |
| Feb 2, 2019 | Texas State Bank | American State Bank |
| Feb 1, 2019 | Spartan Federal Credit Union | South Carolina Federal Credit Union |
| Feb 1, 2019 | Coast-Tel Federal Credit Union | Bay Federal Credit Union |
| Feb 1, 2019 | Sunnyside Credit Union | American United Federal Credit Union |
| Feb 1, 2019 | M E C O Federal Credit Union | Select Federal Credit Union |
| Feb 1, 2019 | Capital Bank of New Jersey | OceanFirst Bank, N.A. |
| Feb 1, 2019 | Access National Corporation | Atlantic Union Bankshares Corporation |
| Feb 1, 2019 | Access National Bank | Atlantic Union Bank |
| Feb 1, 2019 | Merchants Holding Company | Bank of Commerce Holdings |
| Feb 1, 2019 | The Banc Ed Corp. | First Busey Corporation |
| Feb 1, 2019 | Fifth Third Equipment Finance Company | Fifth Third Bank, N.A. |
| Feb 1, 2019 | Itrust Federal Credit Union | Memphis City Employees Credit Union |
| Feb 1, 2019 | Auto Club Federal Credit Union | Certified Federal Credit Union |
| Feb 1, 2019 | Bridgewater Credit Union | Brightbridge Credit Union |
| Feb 1, 2019 | Great Lakes Credit Union, Inc. | Superior Credit Union Inc |
| Feb 1, 2019 | Generations Family Federal Credit Union | Team One Credit Union |
| Feb 1, 2019 | Augusta Vah Federal Credit Union | SRP Federal Credit Union |
| Feb 1, 2019 | The Merchants National Bank of Sacramento | Merchants Bank of Commerce |
| Feb 1, 2019 | Wod Federal Credit Union | Ufcw Community Federal Credit Union |
| Feb 1, 2019 | E T S Credit Union | MEMBERS1ST Community Credit Union |
| Jan 28, 2019 | Urban Partnership Bank | Providence Bank & Trust |
| Jan 26, 2019 | United Community Bank | Hometown Bank |
| Jan 24, 2019 | Ajs Bancorp, Inc. | Finward Bancorp |
| Jan 24, 2019 | A J Smith Federal Savings Bank | Peoples Bank |
| Jan 23, 2019 | CFB Bancshares, Inc. | B.P.C. Corporation |
| Jan 19, 2019 | Andrews Holding Company | American Momentum Bank |
| Jan 19, 2019 | Commercial State Bank | American Momentum Bank |
| Jan 14, 2019 | Exchange State Bank | Security Savings Bank |
| Jan 5, 2019 | Jefferson County Bank | Heartland Bank |
| Jan 5, 2019 | Highlands Bancorp, Inc. | Lakeland Bancorp, Inc. |
| Jan 5, 2019 | Highlands State Bank | Lakeland Bank |
| Jan 5, 2019 | Jefferson County Bancshares, Inc. | Geneva State Company |
| Jan 5, 2019 | First National Fairbury Corporation | Geneva State Company |
| Jan 5, 2019 | The First National Bank of Fairbury | Heartland Bank |
| Jan 3, 2019 | Verus Bank | Citizens Bank of Kansas |
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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