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 |
|---|---|---|
| Apr 4, 2020 | Gold Coast Bancorp, Inc. | Investors Bancorp, Inc. |
| Apr 4, 2020 | Gold Coast Bank | Investors Bank |
| Apr 4, 2020 | Owenton Bancorp, Inc. | Citizens Union Bancorp of Shelbyville, Inc. |
| Apr 4, 2020 | Platte Valley Bank of Missouri | Central Bank of the Midwest |
| Apr 4, 2020 | Peoples Bank & Trust Company | Citizens Union Bank of Shelbyville |
| Apr 3, 2020 | Southwest Georgia Financial Corporation | The First Bancshares, Inc. |
| Apr 3, 2020 | Southwest Georgia Bank | The First Bank |
| Apr 1, 2020 | BMO Harris Equipment Finance Company | BMO Bank N.A. |
| Apr 1, 2020 | RSB Bancorp, Inc. | Columbia Financial, Inc. |
| Apr 1, 2020 | RSB Bancorp, MHC | Columbia Financial, Inc. |
| Apr 1, 2020 | Morgan Stanley Delta Holdings LLC | Morgan Stanley Domestic Holdings, LLC |
| Apr 1, 2020 | First Advantage Bancorp | Reliant Bancorp, Inc. |
| Apr 1, 2020 | Revere Bank | Sandy Spring Bank |
| Apr 1, 2020 | SBT Bancorp, Inc. | Vallant Financial, Inc. |
| Apr 1, 2020 | Southern Bank & Trust | Vallant Bank |
| Apr 1, 2020 | Primewest Mortgage Corporation | First Bank & Trust |
| Apr 1, 2020 | St. Augustine Presbyterian Federal Credit Union | Neighborhood Trust Federal Credit Union |
| Apr 1, 2020 | Evergreen Bancshares, Inc. | Capital Bancorp, Inc. |
| Apr 1, 2020 | State Capital Corporation | Bancplus Corporation |
| Apr 1, 2020 | A.P.C. Employees Federal Credit Union | Hughes Federal Credit Union |
| Apr 1, 2020 | Bethany Baptist Christian Federal Credit Union | Trumark Credit Union |
| Apr 1, 2020 | First Castle Federal Credit Union | Pelican Credit Union |
| Apr 1, 2020 | The Citizens Bank | First Commerce Credit Union |
| Apr 1, 2020 | West Orange Municipal Federal Credit Union | Advanced Financial Federal Credit Union |
| Apr 1, 2020 | State Bank & Trust Company | BankPlus |
| Apr 1, 2020 | Adams County Credit Union | First Bank of Berne |
| Apr 1, 2020 | Kent County Memorial Hospital Employees Federal Credit Union | Navigant Credit Union |
| Apr 1, 2020 | Riverview Community Federal Credit Union | Advia Credit Union |
| Apr 1, 2020 | First State Bank | Commercial Capital Bank |
| Apr 1, 2020 | Motor City Co-Op Credit Union | Christian Financial Credit Union |
| Apr 1, 2020 | Roselle Bank | Columbia Bank |
| Apr 1, 2020 | TRMC Employees Credit Union | S.C. State Federal Credit Union |
| Apr 1, 2020 | Mercy Health Partners Federal Credit Union | Sun Federal Credit Union |
| Apr 1, 2020 | First Advantage Bank | Reliant Bank |
| Mar 31, 2020 | (unnamed) | Bank of America, N.A. |
| Mar 27, 2020 | Marquis Bancorp, Inc. | Professional Holding Corp. |
| Mar 27, 2020 | Marquis Bank | Professional Bank |
| Mar 21, 2020 | H.F. Gehant Bancorp, Inc. | Tri-County Financial Group, Inc. |
| Mar 21, 2020 | Republic Bank & Trust | Armstrong Bank |
| Mar 21, 2020 | H. F. Gehant Banking Co. | First State Bank |
| Mar 15, 2020 | Epiphany Federal Credit Union | Transfiguration Parish Federal Credit Union |
| Mar 14, 2020 | First Bank of the Palm Beaches | Seacoast National Bank |
| Mar 14, 2020 | Northern Bankshares, Inc. | Bosshard Financial Group, Inc. |
| Mar 10, 2020 | Bankmanagers Corp. | First Midwest Bancorp, Inc. |
| Mar 10, 2020 | American Hammered Federal Credit Union | Five Star of Maryland Federal Credit Union |
| Mar 7, 2020 | Farmers & Merchants Bank, of Orfordville | The Bank of Brodhead |
| Mar 6, 2020 | The Citizens State Bank | BancFirst |
| Mar 2, 2020 | Esb Mortgage Company | Trinity Capital Bank of Texas |
| Mar 2, 2020 | Victor Valley Federal Credit Union | Bourns Employees Federal Credit Union |
| Mar 1, 2020 | Dsa Financial Corporation | FCN Banc Corp. |
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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