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 |
|---|---|---|
| Apr 1, 2019 | The Oculina Bank | Ithink Financial Credit Union |
| Apr 1, 2019 | Gateway Community Bank | SENB Bank |
| Apr 1, 2019 | Western Bancshares of Alamogordo, Inc. | Beresford Bancorporation, Inc. |
| Apr 1, 2019 | FNB Bancshares of Central Alabama, Inc. | BankFirst Capital Corporation |
| Apr 1, 2019 | York County Federal Credit Union | Atlantic Regional Federal Credit Union |
| Apr 1, 2019 | Desert Communities Federal Credit Union | Arrowhead Federal Credit Union |
| Apr 1, 2019 | Metuchen Savings Bank | Manasquan Bank |
| Apr 1, 2019 | Northeastern University Federal Credit Union | City of Boston Credit Union |
| Apr 1, 2019 | FNB Of Central Alabama | BankFirst Financial Services |
| Apr 1, 2019 | Union Building and Loan Savings Bank | Brentwood Bank |
| Apr 1, 2019 | Central Bank and Trust Co. | RCB Bank |
| Apr 1, 2019 | Allsteel Credit Union | Fox Valley Credit Union |
| Apr 1, 2019 | NBC (N.Y.) Employees Federal Credit Union | Xcel Federal Credit Union |
| Apr 1, 2019 | Grand Bank of Texas | Cadence Bank |
| Apr 1, 2019 | Coastal Heritage Bank | Coastal Heritage Bank |
| Apr 1, 2019 | Sugardale Employees Credit Union, Inc. | Superior Savings Credit Union |
| Apr 1, 2019 | Beaver Avenue Federal Credit Union | Omega Federal Credit Union |
| Apr 1, 2019 | District 8 Highway Employees Credit Union | Metro+ Federal Credit Union dba Metro Credit Union |
| Apr 1, 2019 | Belmont Savings Bank | People's United Bank, National Association |
| Apr 1, 2019 | Farmers and Merchants Savings Bank | Freedombank |
| Apr 1, 2019 | Soo Line Credit Union | Magnifi Financial Credit Union |
| Apr 1, 2019 | Consol Employees Credit Union | Century Heritage Federal Credit Union |
| Apr 1, 2019 | Western Bank | First Savings Bank |
| Apr 1, 2019 | Merchants Bank | Cadence Bank |
| Apr 1, 2019 | Credit Union South | Sunbelt Federal Credit Union |
| Apr 1, 2019 | Incenta Federal Credit Union | Pathways Financial Credit Union, Inc. |
| Apr 1, 2019 | Blue Hills Bank | Rockland Trust Company |
| Mar 30, 2019 | Kootenai Valley Federal Credit Union | Mountain West Federal Credit Union |
| Mar 26, 2019 | Salin Bancshares, Inc. | Horizon Bancorp, Inc. |
| Mar 26, 2019 | Salin Bank and Trust Company | Horizon Bank |
| Mar 23, 2019 | CoBiz Bank | BOKF, N.A. |
| Mar 23, 2019 | The Bank of Washington | Sound Credit Union |
| Mar 23, 2019 | West Springfield Federal Credit Union | Freedom Credit Union |
| Mar 22, 2019 | Fifth Third Merger Sub, Inc | MB Financial, Inc. |
| Mar 16, 2019 | Mwabank | Axos Bank |
| Mar 9, 2019 | Union Community Bank | Northwest Bank |
| Mar 9, 2019 | Donegal Financial Services Corp. | Northwest Bancshares Inc |
| Mar 9, 2019 | Abna Holdings, Inc. | Bright Force Holding, Inc. |
| Mar 8, 2019 | Trinity Capital Corporation | Enterprise Financial Services Corp |
| Mar 8, 2019 | Los Alamos National Bank | Enterprise Bank & Trust |
| Mar 6, 2019 | Mount Vernon Bankshares, Inc. | Alliance Bancshares, Inc. |
| Mar 6, 2019 | The First National Bank of Mount Vernon | Alliance Bank |
| Mar 4, 2019 | Commerce National Financial Services, Inc. | Amarillo National Bancorp, Inc. |
| Mar 4, 2019 | Lubbock National Bank | Amarillo National Bank |
| Mar 2, 2019 | FPB Financial Corp | The First Bancshares, Inc. |
| Mar 2, 2019 | Florida Parishes Bank | The First Bank |
| Mar 1, 2019 | Isb Mortgage Company, LLC | Investors Bank |
| Mar 1, 2019 | Beneficial Bancorp, Inc. | WSFS Financial Corporation |
| Mar 1, 2019 | FB Bancshares, Inc. | First Bancshares of Texas, Inc. |
| Mar 1, 2019 | First McHenry Corporation | Blackhawk Bancorp, Inc. |
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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