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 |
|---|---|---|
| Mar 1, 2020 | Progressive Financial Group, Inc. | Smartfinancial, Inc. |
| Mar 1, 2020 | MB Bancorp, Inc. | BV Financial, Inc. |
| Mar 1, 2020 | State Bank Corp. | Glacier Bancorp, Inc. |
| Mar 1, 2020 | State Bank of Arizona | Glacier Bank |
| Mar 1, 2020 | Morton Salt Credit Union, Inc. | Greater Wayne Community Federal Credit Union |
| Mar 1, 2020 | Progressive Savings Bank | SmartBank |
| Mar 1, 2020 | Madison Bank of Maryland | Bayvanguard Bank |
| Mar 1, 2020 | Health Facilities Federal Credit Union | South Carolina Federal Credit Union |
| Mar 1, 2020 | AB&W Credit Union Inc. | Commonwealth One Federal Credit Union |
| Mar 1, 2020 | Southwest Kansas Community Credit Union | Credit Union of Dodge City |
| Feb 29, 2020 | Oshkosh Truck Credit Union | Community First Credit Union |
| Feb 29, 2020 | Security Star Bancshares, Inc. | American Momentum Bank |
| Feb 29, 2020 | First American Bank | Greenstate Credit Union |
| Feb 29, 2020 | Security Bank | American Momentum Bank |
| Feb 22, 2020 | Pioneer Bank | First State Bank |
| Feb 22, 2020 | Bolivar Bancshares, Inc | Bolivar Acquisition Corp. |
| Feb 20, 2020 | S.F. Bay Area Educators Credit Union | San Francisco Federal Credit Union |
| Feb 18, 2020 | The Urban Street Biscuit WKRS Federal Credit Union | Western New York Federal Credit Union |
| Feb 15, 2020 | Bank of Cushing | Blue SKY Bank |
| Feb 15, 2020 | Landmark Bank | Simmons Bank |
| Feb 15, 2020 | First Staunton Bancshares, Inc. | Associated Banc-Corp |
| Feb 15, 2020 | FNB Financial Corp. | FB Financial Corporation |
| Feb 15, 2020 | The First National Bank of Pawnee | First Bank & Trust Company |
| Feb 15, 2020 | The First National Bank in Staunton | Associated Bank, N.A. |
| Feb 15, 2020 | First Ipswich Bank | Beacon Bank & Trust |
| Feb 15, 2020 | The Farmers National Bank of Scottsville | FirstBank |
| Feb 14, 2020 | Citizens State Bank - Midwest | Kodabank |
| Feb 14, 2020 | Osborne Investments, Inc. | The Peoples Bankshares Ltd. |
| Feb 14, 2020 | The Farmers Bank of Osborne | The Peoples Bank |
| Feb 8, 2020 | Greater Galilee Baptist Credit Union | Educators Credit Union |
| Feb 6, 2020 | Best Hometown Bancorp, Inc. | First Waterloo Bancshares, Inc. |
| Feb 4, 2020 | Grand Mountain Bank, FSB | United Business Bank |
| Feb 4, 2020 | Grand Mountain Bancshares, Inc. | Baycom Corp |
| Feb 4, 2020 | North Star Financial Holdings, Inc. | Keweenaw Financial Corporation |
| Feb 3, 2020 | City of Ukiah Employees Credit Union | Redwood Credit Union |
| Feb 3, 2020 | Connecticut Federal Credit Union | America's First Network Credit Union |
| Feb 1, 2020 | Home Savings Bank | Premier Bank |
| Feb 1, 2020 | Letourneau Federal Credit Union | East Texas Professional Credit Union |
| Feb 1, 2020 | Yellowstone Federal Credit Union | Meridian Trust Federal Credit Union |
| Feb 1, 2020 | Lakes Community Credit Union | Michigan United Credit Union |
| Feb 1, 2020 | Pueblo Horizons Federal Credit Union | Meritrust Credit Union |
| Feb 1, 2020 | First National Bank and Trust | Commercial Bank |
| Feb 1, 2020 | Mississippi Farm Bureau Employees Federal Credit Union | Keesler Federal Credit Union |
| Feb 1, 2020 | Farmers Deposit Bank of Middleburg, Inc. | The Farmers National Bank of Danville |
| Feb 1, 2020 | Waltham Municipal Employees Credit Union | RTN Federal Credit Union |
| Feb 1, 2020 | Peoples State Bank | South Ottumwa Savings Bank |
| Feb 1, 2020 | Parish Members Credit Union | Cooperative Choice Network Credit Union |
| Feb 1, 2020 | United Community Financial Corporation | Premier Financial Corp. |
| Feb 1, 2020 | Woodco Federal Credit Union | Sun Federal Credit Union |
| Feb 1, 2020 | Gwinnett Community Bank | First-Citizens Bank & Trust Company |
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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