Calendar Year
2020 in US Banking
609 bank events are on record for 2020: 4 failures, 437 mergers or acquisitions involving a bank, credit union or bank holding company, and 168 enforcement actions.
4
Failures
$455.0M in failed assets
437
Mergers
Federal Reserve NIC, banking organizations
168
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 2020 · Bank mergers 2020
How many banks failed in 2020?
4 banks failed in 2020, with $455.0M in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Oct 23, 2020 | Almena State Bank | $65.7M |
| Oct 16, 2020 | First City Bank of Florida | $136.6M |
| Apr 3, 2020 | The First State Bank | $151.8M |
| Feb 14, 2020 | Ericson State Bank | $100.9M |
Which banks merged in 2020?
437 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2020.
See the fuller list: Bank mergers 2020 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Oct 22, 2020 | The Bank of Austin | Texas Partners Bank |
| Oct 22, 2020 | Texas Hill Country Bank | Texas Partners Bank |
| Oct 21, 2020 | American Eagle Bank of Chicago | American Eagle Bank |
| Oct 17, 2020 | Hoyne Interim Bank | Hoyne Savings Bank |
| Oct 17, 2020 | Community Shores Bank | ChoiceOne Bank |
| Oct 17, 2020 | First Bank & Trust | First Bank & Trust |
| Oct 17, 2020 | Peoples Bank Midwest | Frandsen Bank & Trust |
| Oct 10, 2020 | Executive National Bank | City National Bank of Florida |
| Oct 10, 2020 | Beartooth Bank | Bravera Bank |
| Oct 6, 2020 | Go Federal Credit Union | America's Credit Union |
| Oct 1, 2020 | Carroll Community Bank | Farmers and Merchants Bank |
| Oct 1, 2020 | Fort Hood National Bank | First National Bank Texas dba First Convenience Bank |
| Oct 1, 2020 | Eagle State Bank | Riverstone Bank |
| Oct 1, 2020 | Mansfield Co-operative Bank | Bluestone Bank |
| Oct 1, 2020 | East Ohio Gas Youngstown Division Employees Federal Credit Union | Dominion Energy Credit Union |
| Oct 1, 2020 | Gpce Credit Union | Champions First Credit Union |
| Oct 1, 2020 | S I Employees Federal Credit Union | Saratoga's Community Federal Credit Union |
| Oct 1, 2020 | Eagle Bancshares, Inc. | Tri Valley Bancshares, Inc. |
| Oct 1, 2020 | Carroll Bancorp, Inc. | Farmers and Merchants Bancshares, Inc. |
| Oct 1, 2020 | CSX Chicago Terminal Credit Union | A C M E Continental Credit Union |
| Oct 1, 2020 | MBFT Federal Credit Union | Nymeo Federal Credit Union |
| Oct 1, 2020 | Health Systems Credit Union | Consumer Credit Union |
| Oct 1, 2020 | Formica-Evendale Federal Credit Union | Sharefax Credit Union, Inc. |
| Oct 1, 2020 | Heartland Community Credit Union | CSD Credit Union |
| Sep 30, 2020 | Bank of New Castle | Discover Bank |
| Sep 30, 2020 | Esquire-Goodfellowship Federal Credit Union | Consumers Federal Credit Union |
| Sep 26, 2020 | American Momentum Holdings, Inc. | Adam Bank Group, Inc. |
| Sep 19, 2020 | The Poplar Grove State Bank | Solutions Bank |
| Sep 19, 2020 | Peoples Bank | American Heritage Bank |
| Sep 12, 2020 | Stock Growers Bank | Stock Growers Bank |
| Sep 5, 2020 | Prime Bank | Tinker Federal Credit Union |
| Sep 1, 2020 | Banco Santander Puerto Rico | FirstBank Puerto Rico |
| Sep 1, 2020 | Standard Register Federal Credit Union | Pathways Financial Credit Union, Inc. |
| Sep 1, 2020 | Tazewell County Government Employees Credit Union | Kemba Peoria Credit Union |
| Sep 1, 2020 | Golden Eagle Federal Credit Union | Employees Federal Credit Union |
| Sep 1, 2020 | Connecticut Transit Federal Credit Union | America's First Network Credit Union |
| Sep 1, 2020 | Santander Bancorp | First Bancorp |
| Sep 1, 2020 | Longview Consolidated Credit Union | Barksdale Federal Credit Union |
| Sep 1, 2020 | CCC Van Wert Credit Union, Inc. | Superior Credit Union Inc |
| Aug 31, 2020 | East Ohio Gas Cleveland Operating Employees Federal Credit Union | Dominion Energy Credit Union |
| Aug 31, 2020 | Asbestos Workers Local 53 Federal Credit Union | Electrical Workers Local 130 Federal Credit Union |
| Aug 22, 2020 | Farmers Bank of Lincoln | Community National Bank & Trust |
| Aug 22, 2020 | Fourth Street Banking Company | Seacoast Banking Corporation of Florida |
| Aug 22, 2020 | First American Bank, N.A. | Hiawatha National Bank |
| Aug 22, 2020 | Freedom Bank | Seacoast National Bank |
| Aug 22, 2020 | Advantage Community Bancshares, Inc. | Nicolet Bankshares, Inc. |
| Aug 22, 2020 | Advantage Community Bank | Nicolet National Bank |
| Aug 15, 2020 | The Farmers & Merchants Bank | Security Bank and Trust Company |
| Aug 15, 2020 | Franklin Financial Network, Inc. | FB Financial Corporation |
| Aug 15, 2020 | Franklin Synergy Bank | FirstBank |
Enforcement Actions in 2020
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Sep 3, 2020 | OCC | Firstar Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mulder, William Brian |
| Sep 3, 2020 | OCC | Firstar Bank | Prohibition/Removal Orders: Mulder, William Brian |
| Sep 3, 2020 | OCC | Firstar Bank | C&D or PC&D Requiring Restitution: Mulder, William Brian |
| Sep 3, 2020 | OCC | Firstar Bank | Civil Money Penalty (CMP): Mulder, William Brian |
| Sep 2, 2020 | FRB | Merchants Bank | Section 19 Letters: Carlos Wydler |
| Aug 31, 2020 | FRB | First Sentinel Bank | Section 19 Letters: Jessica N. Gillespie |
| Aug 28, 2020 | FDIC | (individual) | FDIC Makes Public July Enforcement Actions |
| Aug 27, 2020 | OCC | City National Bank of New Jersey | Civil Money Penalty (CMP): Anglin, Roland |
| Aug 27, 2020 | OCC | City National Bank of New Jersey | Civil Money Penalty (CMP): Highsmith, Karen |
| Aug 27, 2020 | OCC | City National Bank of New Jersey | Civil Money Penalty (CMP): Hopson, Michael |
| Aug 27, 2020 | OCC | City National Bank of New Jersey | Civil Money Penalty (CMP): Ahluwalia, Ridhima |
| Aug 27, 2020 | OCC | City National Bank of New Jersey | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Highsmith, Karen |
| Aug 27, 2020 | OCC | City National Bank of New Jersey | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ahluwalia, Ridhima |
| Aug 21, 2020 | FRB | (individual) | Section 19 Letters: Eric T. Minns |
| Aug 18, 2020 | OCC | City National Bank of New Jersey | Civil Money Penalty (CMP): Pinkett, Preston D. |
| Aug 18, 2020 | OCC | City National Bank of New Jersey | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Pinkett, Preston D. |
| Aug 18, 2020 | OCC | City National Bank of New Jersey | Civil Money Penalty (CMP): Whigham, Lemar |
| Aug 18, 2020 | OCC | People's United Financial, Inc. | Prohibition/Removal Orders: Taffe, Shantel |
| Aug 18, 2020 Released Aug 20, 2020 | FRB | (individual) | Cease and Desist Order: Gregory White |
| Aug 17, 2020 | OCC | City National Bank of New Jersey | Civil Money Penalty (CMP): Williams, H. O'Neil |
| Aug 13, 2020 | FDIC | (individual) | Federal Banking Agencies Issue Joint Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements |
| Aug 11, 2020 | OCC | Citibank, N.A. | Notice of Charges: Ramchandani, Rohan |
| Aug 11, 2020 | OCC | JPMorgan Chase Bank, N.A. | Notice of Charges: Usher, Richard |
| Aug 6, 2020 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: April J. Nolasco De Carvalho |
| Aug 5, 2020 | OCC | Capital One Bank (USA), N.A. | Civil Money Penalty (CMP): Capital One Bank (USA), National Association |
| Aug 5, 2020 | OCC | Capital One, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Capital One, National Association |
| Aug 5, 2020 | OCC | Capital One Bank (USA), N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Capital One Bank (USA), National Association |
| Aug 5, 2020 | OCC | Capital One, N.A. | Civil Money Penalty (CMP): Capital One, National Association |
| Aug 4, 2020 Released Aug 6, 2020 | FRB | Capital One Financial Corporation | Cease and Desist Order: Capital One Financial Corporation, McLean, Virginia |
| Jul 31, 2020 | FRB | (individual) | Modifications: David W. Mann |
| Jul 31, 2020 | FDIC | (individual) | FDIC Makes Public June Enforcement Actions |
| Jul 30, 2020 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Stephanie Medina |
| Jul 16, 2020 | OCC | The First National Bank and Trust Company of Vinita | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank and Trust … |
| Jul 16, 2020 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Tabitha S. Fischer |
| Jul 16, 2020 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Jordan L. Mattson |
| Jul 13, 2020 | OCC | Santander Bank, N.A. | Prohibition/Removal Orders: Hughes, Caroline J. |
| Jul 6, 2020 | FRB | Community Banks of Colorado | Section 19 Letters: Destiny C. Parks |
| Jul 1, 2020 Released Jul 2, 2020 | FRB | Putnam County Bank | Civil Money Penalty: Putnam County Bank, Hurricane, West Virginia |
| Jul 1, 2020 | OCC | Capital One, N.A. | Prohibition/Removal Orders: Hart, Victoria |
| Jun 26, 2020 | FDIC | (individual) | FDIC Makes Public May Enforcement Actions; |
| Jun 25, 2020 Released Jun 30, 2020 | FRB | Benchmark Community Bank | Civil Money Penalty: Benchmark Community Bank, Kenbridge, Virginia |
| Jun 25, 2020 | FRB | Auburnbank | Section 19 Letters: Randi L. Carleton |
| Jun 25, 2020 | FRB | Auburnbank | Section 19 Letters: Leslie Fountain |
| Jun 23, 2020 | OCC | Neighborhood National Bank | Civil Money Penalty (CMP): Neighborhood National Bank |
| Jun 23, 2020 | OCC | Barrington Bank & Trust Company, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wettstein, Jeffrey |
| Jun 23, 2020 | OCC | Barrington Bank & Trust Company, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Shara, Michael |
| Jun 23, 2020 | OCC | Barrington Bank & Trust Company, N.A. | Civil Money Penalty (CMP): Wettstein, Jeffrey |
| Jun 23, 2020 | OCC | Barrington Bank & Trust Company, N.A. | Civil Money Penalty (CMP): Shara, Michael |
| Jun 22, 2020 | OCC | PNC Bank, N.A. | Notice of Charges: Douglas, Denton |
| Jun 18, 2020 | OCC | CommunityBank of Texas, N.A. | Formal Agreement: Communitybank of Texas, National Association |
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