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 |
|---|---|---|
| May 23, 2020 | Central Federal Savings and Loan Association of Rolla | Southern Bank |
| May 18, 2020 | Dearborn Savings Bank | FCN Bank, N.A. |
| May 16, 2020 | The First National Bank of Northfield | Merchants Bank, N.A. |
| May 16, 2020 | Delta County Credit Union | Embers Credit Union |
| May 16, 2020 | Tomah Bancshares, Inc. | Bank First Corporation |
| May 16, 2020 | Timberwood Bank | Bank First, N.A. |
| May 16, 2020 | First Citizens Bank of Polson, National Association | Unity Bank |
| May 16, 2020 | Lakestone Bank & Trust | ChoiceOne Bank |
| May 5, 2020 | 1st Equity Bank Northwest | 1st Equity Bank |
| May 5, 2020 | Northwest Equity Corp. | First Equity Corp. |
| May 2, 2020 | CresCom Bank | United Bank |
| May 2, 2020 | Carolina Financial Corporation | United Bankshares, Inc. |
| May 1, 2020 | Local 229 Ibew Federal Credit Union | White Rose Credit Union |
| May 1, 2020 | Habersham Federal Credit Union | Mygeorgia Credit Union |
| May 1, 2020 | Putnam Bank | Centreville Bank |
| May 1, 2020 | Washington Savings Bank | William Penn Bank |
| May 1, 2020 | Webster United Federal Credit Union | Carter Federal Credit Union |
| May 1, 2020 | Saint James Hospital Employees Federal Credit Union | Illiana Financial Credit Union |
| May 1, 2020 | Ben Franklin Bank of Illinois | Alero Financial Credit Union |
| May 1, 2020 | Chesterfield Federal Credit Union | Virginia Federal Credit Union |
| May 1, 2020 | McFarland State Bank | One Community Bank |
| May 1, 2020 | Fidelity Savings & Loan Association of Bucks County | William Penn Bank |
| May 1, 2020 | Fairport Savings Bank | Evans Bank, National Association |
| May 1, 2020 | Merchants Bank of Bangor | Fidelity Bank |
| May 1, 2020 | Local #673 Credit Union, Inc. | L C E Federal Credit Union |
| May 1, 2020 | National Oilwell Varco Employees Credit Union | Membersource Credit Union |
| May 1, 2020 | First Temple Corporation | First State Bank in Temple |
| May 1, 2020 | MNB Corporation | Fidelity D&D Bancorp, Inc. |
| May 1, 2020 | Pedestal Bank | b1BANK |
| May 1, 2020 | Pedestal Bancshares, Inc. | Business First Bancshares, Inc. |
| May 1, 2020 | FSB Bancorp, Inc. | Evans Bancorp, Inc. |
| May 1, 2020 | Saints Avenue Bancshares, Inc. | Saints Avenue Bancshares, Inc. |
| Apr 29, 2020 | Financial 1st Federal Credit Union | Horizon Federal Credit Union |
| Apr 25, 2020 | Mutualfirst Financial, Inc. | Northwest Bancshares Inc |
| Apr 25, 2020 | Bank of the Prairie | Country Club Bank |
| Apr 25, 2020 | MutualBank | Northwest Bank |
| Apr 23, 2020 | Louisville Development Bancorp, Inc. | Liberty Financial Services, Inc. |
| Apr 23, 2020 | Metro Bank | Liberty Bank and Trust Company |
| Apr 18, 2020 | State Bank of Belle Plaine | First National Bank Minnesota |
| Apr 18, 2020 | Midcoast Community Bancorp, Inc | Citizens Financial Services, Inc. |
| Apr 18, 2020 | MidCoast Community Bank | First Citizens Community Bank |
| Apr 18, 2020 | CNB Corp | Northwest Financial Corp. |
| Apr 18, 2020 | Farmers State Bank of Watkins | Citizens Bank Minnesota |
| Apr 18, 2020 | Century Bank | The First National Bank in Creston |
| Apr 16, 2020 | Wells Fargo Limited | Everen Capital Corporation |
| Apr 11, 2020 | First State Bank | First National Bank |
| Apr 11, 2020 | Chico Bancorp, Inc. | Wichita Falls Bancshares, Inc. |
| Apr 8, 2020 | Victory Community Bank | Heartland Bank |
| Apr 4, 2020 | The Missouri Bank II | The Missouri Bank |
| Apr 4, 2020 | Platte Acquisition Corporation | First National Bancor, 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 |
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