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