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 |
|---|---|---|
| Sep 1, 2019 | Van Alstyne Financial Corporation | Cadence Bank |
| Sep 1, 2019 | Heritage Bancorporation, Inc. | Heritage Southeast Bancorporation, Inc. |
| Sep 1, 2019 | Shelby Community Federal Credit Union | 1st Liberty Federal Credit Union |
| Sep 1, 2019 | Rabobank, N.A. | Mechanics Bank |
| Sep 1, 2019 | The Heritage Bank | Heritage Southeast Bank |
| Sep 1, 2019 | Grace Congregational Church Federal Credit Union | Neighborhood Trust Federal Credit Union |
| Sep 1, 2019 | Monroe Education Employees Federal Credit Union | Gulf Winds Credit Union |
| Sep 1, 2019 | Monroe Bank & Trust | First Merchants Bank |
| Sep 1, 2019 | Danbury Cyanamid Employees Credit Union | Cornerstone Federal Credit Union |
| Sep 1, 2019 | Texas Star Bank | Cadence Bank |
| Aug 31, 2019 | New Valley Central Bank | Valley Central Bank |
| Aug 31, 2019 | Northside Bancshares, Inc. | First Chatsworth Bankshares, Inc. |
| Aug 31, 2019 | Northside Bank | First National Community Bank |
| Aug 31, 2019 | Champaign Postal Credit Union | University of Illinois Community Credit Union |
| Aug 31, 2019 | Cross Roads Credit Union | United Consumers Credit Union |
| Aug 31, 2019 | School District 162/163 Employees Federal Credit Union | Illiana Financial Credit Union |
| Aug 31, 2019 | Cosmopolitan Federal Credit Union | Israel Methcomm Federal Credit Union |
| Aug 31, 2019 | Hanesbrands Credit Union | Members Credit Union |
| Aug 31, 2019 | Village Credit Union | Collins Community Credit Union |
| Aug 30, 2019 | Farmers and Merchants State Bank of Neola, Iowa | Midstates Bank, N.A. |
| Aug 27, 2019 | MB Financial, Inc. | Fifth Third Bancorp |
| Aug 24, 2019 | The Nicollet County Bank of Saint Peter | Pioneer Bank |
| Aug 17, 2019 | State Bank | Fidelity Bank & Trust |
| Aug 17, 2019 | Farmers and Merchants State Bank of Sacred Heart | Citizens Alliance Bank |
| Aug 17, 2019 | First Minnesota Bank | Cortrust Bank N.A. |
| Aug 15, 2019 | HarborOne Mutual Bancshares | HarborOne Bancorp, Inc. |
| Aug 12, 2019 | Antioch M B Federal Credit Union | 1st Midamerica Credit Union |
| Aug 10, 2019 | The Lyons State Bank | Peoples Bank and Trust Company |
| Aug 10, 2019 | Chinatown Federal Savings Bank | Hanover Community Bank |
| Aug 7, 2019 | Kirkwood Bancorporation of Nevada, Inc. | JBNV Holding Corp |
| Aug 6, 2019 | Summit Bank of Kansas City | Citizens Bank and Trust Company |
| Aug 3, 2019 | Citizens State Bank | Vystar Credit Union |
| Aug 1, 2019 | Metro North Federal Credit Union | Michigan United Credit Union |
| Aug 1, 2019 | Heritage Bancorp | Glacier Bancorp, Inc. |
| Aug 1, 2019 | Advantage Bank | First National Bank |
| Aug 1, 2019 | Primesouth Bancshares, Inc. | CBS BANC-CORP. |
| Aug 1, 2019 | Graff Family, Inc. | MNB Financial Services, Inc. |
| Aug 1, 2019 | TCF Financial Corporation | TCF Financial Corporation |
| Aug 1, 2019 | Heritage Bank of Nevada | Glacier Bank |
| Aug 1, 2019 | MNB Financial Group, Inc. | MNB Financial Services, Inc. |
| Aug 1, 2019 | First Newton Bankshares, Inc. | INTRUST Financial Corporation |
| Aug 1, 2019 | Oak Point Employees Credit Union | Instep Federal Credit Union |
| Aug 1, 2019 | Inspirus Credit Union | Gesa Credit Union |
| Aug 1, 2019 | Chemical Bank | TCF National Bank |
| Aug 1, 2019 | Federal Mogul Employees Federal Credit Union | Community Choice Credit Union |
| Aug 1, 2019 | PrimeSouth Bank | CB&S Bank, Inc. |
| Aug 1, 2019 | Holy Rosary Church Federal Credit Union | Corner Post Federal Credit Union |
| Aug 1, 2019 | North Side Community Federal Credit Union | Great Lakes Credit Union |
| Jul 29, 2019 | Pacoima Development Federal Credit Union | Gain Federal Credit Union |
| Jul 27, 2019 | Hopfed Bancorp, Inc. | First Financial Corporation |
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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