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 |
|---|---|---|
| Aug 15, 2020 | Dyer F & M Bancshares, Inc. | Security Bancshares, Inc. |
| Aug 15, 2020 | Geico Federal Credit Union | Baxter Credit Union |
| Aug 15, 2020 | Bank of Laverne | Security State Bank |
| Aug 8, 2020 | Union Bank of Blair | Waumandee State Bank |
| Aug 8, 2020 | Bolivar Acquisition Corp. | Reliable Community Bancshares, Inc. |
| Aug 8, 2020 | Bank of Bolivar | The Bank of Missouri |
| Aug 1, 2020 | District 05 Dotd Federal Credit Union | Centric Federal Credit Union |
| Aug 1, 2020 | Freedom National Bank | Bristol County Savings Bank |
| Aug 1, 2020 | SB One Bancorp | Provident Financial Services, Inc. |
| Aug 1, 2020 | Cadmus Credit Union, Inc. | Chartway Federal Credit Union |
| Aug 1, 2020 | I R S E Credit Union | Cooperative Choice Network Credit Union |
| Aug 1, 2020 | Spartanburg City Employees Credit Union | South Carolina Federal Credit Union |
| Aug 1, 2020 | SB One Bank | Provident Bank |
| Aug 1, 2020 | Al Gar Federal Credit Union | Chessie Federal Credit Union |
| Aug 1, 2020 | Icon Credit Union | Horizon Credit Union |
| Aug 1, 2020 | Saint Columbkille Federal Credit Union | All Saints Federal Credit Union |
| Aug 1, 2020 | Glenview Credit Union | Partnership Financial Credit Union |
| Aug 1, 2020 | Union Memorial Credit Union | St. Louis Community Credit Union |
| Aug 1, 2020 | River Cities Community | Frontier Community Credit Union |
| Aug 1, 2020 | Shamrock Foods Federal Credit Union | Sunwest Federal Credit Union |
| Jul 31, 2020 | Mid East Tennessee Community Credit Union | ORNL Federal Credit Union |
| Jul 28, 2020 | Buffalo Cooperative Federal Credit Union | Good Neighbors Federal Credit Union |
| Jul 27, 2020 | Victor State Bank | Chelsea Savings Bank |
| Jul 18, 2020 | Bank of Akron | CNB Bank |
| Jul 18, 2020 | Southerntrust Bancshares, Inc | South Porte Financial Inc. |
| Jul 18, 2020 | South Porte Bank | Southerntrust Bank |
| Jul 15, 2020 | C and N W Proviso Credit Union | Encurage Financial Network |
| Jul 13, 2020 | SBB Bancshares, Inc. | Piper Holdings, Inc. |
| Jul 13, 2020 | State Bank of Burnettsville | The Fountain Trust Company |
| Jul 11, 2020 | MSB Financial Corp | Kearny Financial Corp. |
| Jul 11, 2020 | Millington Bank | Kearny Bank |
| Jul 7, 2020 | USNY Bank | Wayne Bank |
| Jul 7, 2020 | Upstate New York Bancorp, Inc. | Norwood Financial Corp. |
| Jul 4, 2020 | First State Bank of Claremont | Dacotah Bank |
| Jul 2, 2020 | Centennial Bank | Happy State Bank |
| Jul 2, 2020 | VSB Bancorp, Inc. | Northfield Bancorp, Inc. |
| Jul 2, 2020 | Victory State Bank | Northfield Bank |
| Jul 2, 2020 | Iberiabank Corporation | First Horizon Corporation |
| Jul 2, 2020 | Iberiabank | First Horizon Bank |
| Jul 1, 2020 | First Brundidge Bancshares, Inc. | Henderson Bancshares, Inc. |
| Jul 1, 2020 | Covenant Financial Inc. | Citizens & Northern Corporation |
| Jul 1, 2020 | Three Shores Bancorporation, Inc. | United Community Banks, Inc. |
| Jul 1, 2020 | Covenant Bank | Citizens & Northern Bank |
| Jul 1, 2020 | Seaside National Bank & Trust | United Community Bank |
| Jul 1, 2020 | Traders & Farmers Bancshares, Inc. | BankFirst Capital Corporation |
| Jul 1, 2020 | Community Shores Bank Corporation | ChoiceOne Financial Services, Inc. |
| Jul 1, 2020 | Commerce Bancshares, Inc. | Centennial Bank |
| Jul 1, 2020 | FCB Corporation | Capstar Financial Holdings, Inc. |
| Jul 1, 2020 | West York Area School District Employees Federal Credit Union | First Capital Federal Credit Union |
| Jul 1, 2020 | Fluke Employees Federal Credit Union | Sound Credit Union |
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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