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 |
|---|---|---|---|
| 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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