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 |
|---|---|---|
| Jul 1, 2020 | Lakewood Fire Fighters Credit Union, Inc. | Pse Credit Union, Inc. |
| Jul 1, 2020 | The Bank of Waynesboro | CapStar Bank |
| Jul 1, 2020 | Brassies Credit Union | Family Savings Credit Union |
| Jul 1, 2020 | The First National Bank of Brundidge | Troy Bank & Trust Company |
| Jul 1, 2020 | Traders & Farmers Bank | BankFirst Financial Services |
| Jul 1, 2020 | Alabama Rural Electric Credit Union | Alabama One Credit Union |
| Jul 1, 2020 | The First National Bank of Manchester | CapStar Bank |
| Jul 1, 2020 | C & H Sugar Employees Federal Credit Union | 1st Northern California Credit Union |
| Jul 1, 2020 | Three Rivers Credit Union | Georgia's Own Credit Union |
| Jun 30, 2020 | Homeport Federal Credit Union | Gulf Coast Federal Credit Union |
| Jun 29, 2020 | Best Hometown Bank | First National Bank of Waterloo |
| Jun 27, 2020 | Winslow Community Federal Credit Union | Connected Credit Union |
| Jun 26, 2020 | Wyoming Valley West Community Federal Credit Union | Citymark Federal Credit Union |
| Jun 13, 2020 | Park Bank | First Midwest Bank |
| Jun 13, 2020 | Center Point Bank and Trust Company | Hiawatha Bank & Trust Company |
| Jun 13, 2020 | Community National Bank | Freedom Bank of Southern Missouri |
| Jun 13, 2020 | Steuben Trust Corporation | Community Financial System, Inc. |
| Jun 13, 2020 | Steuben Trust Company | Community Bank, N.A. |
| Jun 8, 2020 | Centerstate Bank Corporation | SouthState Bank Corporation |
| Jun 8, 2020 | ML Employees Lbo Managers, Inc. | Bank of America Corporation |
| Jun 8, 2020 | Merrill Lynch MBP Inc. | Bank of America Corporation |
| Jun 8, 2020 | Kecalp, Inc. | Bank of America Corporation |
| Jun 8, 2020 | Merrill Lynch Capital Partners, Inc. | Bank of America Corporation |
| Jun 8, 2020 | Merrill Lynch GP Inc. | Bank of America Corporation |
| Jun 8, 2020 | South State Bank | SouthState Bank, N.A. |
| Jun 6, 2020 | Walcott Trust and Savings Bank | CBI Bank & Trust |
| Jun 6, 2020 | Edon Bancorp, Inc. | SB Financial Group Inc |
| Jun 6, 2020 | Schneider Bancorporation | First State Holding Co. |
| Jun 6, 2020 | The Edon State Bank Company of Edon, Ohio | The State Bank and Trust Company |
| Jun 6, 2020 | New Buffalo Savings Bank | Everwise Credit Union |
| Jun 1, 2020 | Wellesley Bank | Cambridge Trust Company |
| Jun 1, 2020 | Wellesley Bancorp Inc | Cambridge Bancorp |
| Jun 1, 2020 | First Columbia Bancorp, Inc. | Millennium Bancshares, Inc. |
| Jun 1, 2020 | Calwest Bank | California Bank of Commerce, N.A. |
| Jun 1, 2020 | Opus Bank | Pacific Premier Bank, National Association |
| Jun 1, 2020 | McCabe Hamilton & Renny Federal Credit Union | Aloha Pacific Federal Credit Union |
| Jun 1, 2020 | Andigo Credit Union | Consumers Credit Union |
| Jun 1, 2020 | Focus Federal Credit Union | Security Credit Union |
| Jun 1, 2020 | West End Bank, S. B. | Three Rivers Federal Credit Union |
| Jun 1, 2020 | Valley Gas Employees Federal Credit Union | Mutual Federal Credit Union |
| Jun 1, 2020 | Melrose Bank | Cambridge Savings Bank |
| Jun 1, 2020 | Southwest Health Care Credit Union | Copper State Credit Union |
| Jun 1, 2020 | Columbia Bank | Millennium Bank |
| May 31, 2020 | Bayonne Hospital Employees Federal Credit Union | Liberty Savings Federal Credit Union |
| May 30, 2020 | Calwest Bancorp | California Bancorp |
| May 30, 2020 | Northern Paper Mills Credit Union | Fox Communities Credit Union |
| May 30, 2020 | South Jersey Gas Employees Federal Credit Union | Jersey Shore Federal Credit Union |
| May 29, 2020 | Orange County Teachers Credit Union | Texas Dow Employees Credit Union |
| May 27, 2020 | Hopes Employees Federal Credit Union | Southern Chautauqua Federal Credit Union |
| May 23, 2020 | Central Federal Bancshares, Inc | Southern Missouri Bancorp, Inc. |
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 |
Browse adjacent years: 2019 · 2021
Or jump to a category: Failures · Mergers · Enforcement · Assistance