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 |
|---|---|---|
| Nov 12, 2019 | First Paducah Bancshares of Texas, Inc. | WSB Bancshares, Inc. |
| Nov 12, 2019 | The First National Bank of Paducah | Wellington State Bank |
| Nov 9, 2019 | First Bank of Newton | INTRUST Bank, N.A. |
| Nov 9, 2019 | Pony Express Community Bank | First Option Bank |
| Nov 9, 2019 | Choice Bancorp, Inc. | Nicolet Bankshares, Inc. |
| Nov 9, 2019 | First Alliance Bancshares, Inc. | Guaranty Capital Corporation |
| Nov 9, 2019 | Choice Bank | Nicolet National Bank |
| Nov 9, 2019 | First Alliance Bank | Guaranty Bank and Trust Company |
| Nov 9, 2019 | Community Bank and Trust of Florida | Midflorida Credit Union |
| Nov 9, 2019 | Shore Community Bank | 1st Constitution Bank |
| Nov 9, 2019 | Prescott Bancshares, Inc | Magnolia Banking Corporation |
| Nov 9, 2019 | Pony Express Bancorp, Inc. | The Osawatomie Agency, Inc. |
| Nov 9, 2019 | Bank of Prescott | Farmers Bank & Trust Company |
| Nov 9, 2019 | White Haven Center Employees Federal Credit Union | Choice One Community Federal Credit Union |
| Nov 9, 2019 | Iowa State Savings Bank | Marion County State Bank |
| Nov 8, 2019 | Florida Community Bankshares, Inc. | Community Bank and Trust of Florida |
| Nov 8, 2019 | Union Bancshares, Incorporated | First Guaranty Bancshares, Inc. |
| Nov 8, 2019 | The Union Bank | First Guaranty Bank |
| Nov 6, 2019 | Chandler Bancorp of Nevada, Inc. | Spirit of Texas Bancshares, Inc. |
| Nov 6, 2019 | Chandler Bancorp, Inc. | Spirit of Texas Bancshares, Inc. |
| Nov 6, 2019 | Citizens State Bank | Spirit of Texas Bank, SSB |
| Nov 2, 2019 | Laurel Road Finance Inc. | KeyBank N.A. |
| Nov 2, 2019 | River Town Bank | Chambers Bank |
| Nov 1, 2019 | Altapacific Bancorp | Banner Corporation |
| Nov 1, 2019 | First Florida Bank | The First Bank |
| Nov 1, 2019 | Vantage Bank of Alabama | First Southern State Bank |
| Nov 1, 2019 | AltaPacific Bank | Banner Bank |
| Nov 1, 2019 | Trinity Bank | River Bank & Trust |
| Nov 1, 2019 | Union of Poles in America Credit Union | Pse Credit Union, Inc. |
| Nov 1, 2019 | River Cities Bank | Prevail Bank |
| Nov 1, 2019 | Trinity Bancorp, Inc. | River Financial Corporation |
| Nov 1, 2019 | First Florida Bancorp, Inc. | The First Bancshares, Inc. |
| Nov 1, 2019 | Legacytexas Financial Group, Inc. | Prosperity Bancshares, Inc. |
| Nov 1, 2019 | Vantage Bancshares, Inc. | First Bancshares of Stevenson, Inc. |
| Nov 1, 2019 | United Financial Bancorp, Inc. | People's United Financial, Inc. |
| Nov 1, 2019 | Stewardship Financial Corporation | Columbia Financial, Inc. |
| Nov 1, 2019 | SBC, Incorporated | Wintrust Financial Corporation |
| Nov 1, 2019 | Green Circle Investments, Inc. | Rigler Investment Company |
| Nov 1, 2019 | Bana Holding Corporation | Bac North America Holding Company |
| Nov 1, 2019 | First National Corporation of Wynne | First Financial Banc Corporation |
| Nov 1, 2019 | Landrum Company | Simmons First National Corporation |
| Nov 1, 2019 | The First National Bank of Wynne | First Financial Bank |
| Nov 1, 2019 | Mapleton Public Schools Federal Credit Union | Westerra Credit Union |
| Nov 1, 2019 | Unity Federal Credit Union | American Heritage Federal Credit Union |
| Nov 1, 2019 | LegacyTexas Bank | Prosperity Bank |
| Nov 1, 2019 | Sugar Growers Federal Credit Union | Rio Grande Valley Credit Union |
| Nov 1, 2019 | Miller Transporters Federal Credit Union | Centuryfirst Federal Credit Union |
| Nov 1, 2019 | United Bank | People's United Bank, National Association |
| Nov 1, 2019 | Atlantic Stewardship Bank | Columbia Bank |
| Nov 1, 2019 | Bank of York | Investar Bank, N.A. |
The list holds 500 of the 547 mergers recorded for 2019.
Enforcement Actions in 2019
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Dec 30, 2019 Released Jan 9, 2020 | FRB | United Bank of El Paso del Norte | Cease and Desist Order: United Bank of El Paso del Norte, El Paso, Texas |
| Dec 27, 2019 | FDIC | (individual) | FDIC Makes Public November Enforcement Actions |
| Dec 18, 2019 | OCC | Texas Citizens Bank, National Association | Formal Agreement: Texas Citizens Bank, National Association |
| Dec 18, 2019 | OCC | United Trust Bank | Formal Agreement: United Trust Bank |
| Dec 17, 2019 Released Dec 19, 2019 | FRB | (individual) | Written Agreement: Société Générale (Societe Generale) S.A., Paris, France and Société Générale New York … |
| Dec 17, 2019 | OCC | Midland Federal Savings and Loan Association | Prohibition/Removal Orders: Erakat, Napela |
| Dec 13, 2019 | OCC | Santander Bank, N.A. | Prohibition/Removal Orders: Mills, Walter F. |
| Dec 13, 2019 | OCC | CIT Bank, National Association | Prohibition/Removal Orders: Ortega, Delia |
| Nov 29, 2019 | FDIC | (individual) | FDIC Makes Public October Enforcement Actions |
| Nov 22, 2019 | OCC | The First National Bank of Fleming | Formal Agreement: The First National Bank of Fleming |
| Nov 21, 2019 | OCC | Mutual of Omaha Bank | Civil Money Penalty (CMP): Mutual of Omaha Bank |
| Nov 21, 2019 | FRB | BankNewport | Section 19 Letters: Meliss Safara |
| Nov 19, 2019 | FRB | Suntrust Bank | Consent Order: SunTrust Bank, Atlanta, Georgia |
| Nov 15, 2019 Released Nov 19, 2019 | FRB | East West Bank | Prohibition from Banking: Thang Nguyen |
| Nov 7, 2019 | OCC | JPMorgan Chase Bank, N.A. | Suspension Order for Criminal Conduct: Smith, Gregg |
| Nov 7, 2019 | OCC | JPMorgan Chase Bank, N.A. | Suspension Order for Criminal Conduct: Nowak, Michael |
| Oct 28, 2019 | OCC | JPMorgan Chase Bank, N.A. | Civil Money Penalty (CMP): McSorley, Roseann |
| Oct 25, 2019 | FDIC | (individual) | FDIC Makes Public September Enforcement Actions |
| Oct 21, 2019 | OCC | First National Bank in Fairfield | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank in Fairfield |
| Oct 21, 2019 | FRB | (individual) | Section 19 Letters: Kevin Walker |
| Oct 21, 2019 | FRB | (individual) | Section 19 Letters: Nicole P. Rawlston |
| Oct 15, 2019 Released Oct 17, 2019 | FRB | (individual) | Prohibition from Banking: Michael Joseph Erickson |
| Oct 11, 2019 | OCC | Citibank, N.A. | Civil Money Penalty (CMP): Citibank, N.A. |
| Oct 7, 2019 Released Oct 10, 2019 | FRB | Pacific Premier Bank | Notice of Intent: Mai Ly-Vu |
| Oct 2, 2019 | OCC | U.S. Bank N.A. | Prohibition/Removal Orders: Dunn, D'Andrea L. |
| Sep 30, 2019 Released Oct 3, 2019 | FRB | Columbus Corp. | Prohibition from Banking: John D. Evans |
| Sep 30, 2019 | OCC | Morgan Stanley Bank, N.A. | Civil Money Penalty (CMP): Dorman, Amie |
| Sep 30, 2019 | OCC | Beauregard Federal Savings Bank | Formal Agreement: Beauregard FSB |
| Sep 29, 2019 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Cannaday, Andreliqua |
| Sep 27, 2019 | FDIC | (individual) | FDIC Makes Public August Enforcement Actions |
| Sep 27, 2019 Released Oct 1, 2019 | FRB | Regions Bank | Prohibition from Banking: Timothy McMillian |
| Sep 24, 2019 Released Sep 26, 2019 | FRB | Highlands Union Bank | Prohibition from Banking: Bettie McGuire Shomaker |
| Sep 18, 2019 | OCC | Resolute Bank | Prompt Corrective Action (PCA) Directive: Resolute Bank |
| Sep 11, 2019 | OCC | Midsouth Bank, N.A. | Civil Money Penalty (CMP): Midsouth Bank, National Association |
| Sep 3, 2019 Released Sep 5, 2019 | FRB | First State Bank Nebraska | Civil Money Penalty, $37,000: First State Bank Nebraska, Lincoln, Nebraska |
| Sep 3, 2019 | FRB | BHM Bank | Section 19 Letters: Donald V. Watkins, Sr. |
| Sep 3, 2019 | OCC | The City National Bank and Trust Company of Lawton, Oklahoma | Prohibition/Removal Orders: Woodson, Lori Christine |
| Sep 3, 2019 | FRB | BHM Bank | Section 19 Letters: Donald V. Watkins, Jr. |
| Aug 30, 2019 | FDIC | (individual) | FDIC Makes Public July Enforcement Actions |
| Aug 28, 2019 | FRB | Regions Bank | Section 19 Letters: Robin F. Oberman |
| Aug 28, 2019 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Smith, Teanna |
| Aug 26, 2019 | OCC | Capital One, N.A. | Prohibition/Removal Orders: Hawkins, Adrian |
| Aug 26, 2019 | OCC | PNC Bank, N.A. | Notice of Charges: Clevenger, Eric M. |
| Aug 19, 2019 | OCC | The Huntington National Bank | Prohibition/Removal Orders: Harris, Nodia |
| Aug 19, 2019 Released Aug 20, 2019 | FRB | (individual) | Notice of Intent: Carol Allen |
| Aug 15, 2019 Released Aug 20, 2019 | FRB | (individual) | Civil Money Penalty: Brookline BankBrookline, Massachusetts |
| Aug 14, 2019 Released Aug 20, 2019 | FRB | The First National Bank of Ipswich | Civil Money Penalty: First Ipswich BankIpswich, Massachusetts |
| Aug 5, 2019 | OCC | Beauregard Federal Savings Bank | Civil Money Penalty (CMP): Green, Carroll |
| Aug 5, 2019 | OCC | Beauregard Federal Savings Bank | Civil Money Penalty (CMP): Stark, Rafeal Webb |
| Aug 1, 2019 | OCC | The Northumberland National Bank | Civil Money Penalty (CMP): Heintzelman, Scott A. |
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