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