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 |
|---|---|---|
| Feb 1, 2020 | Community Financial Holding Company, Inc. | First-Citizens Bank & Trust Company |
| Feb 1, 2020 | First National London Bankshares Corporation | Commercial Bancgroup, Inc. |
| Feb 1, 2020 | Northern Eagle Federal Credit Union | Embarrass Vermillion Federal Credit Union |
| Jan 31, 2020 | Beartooth Financial Corporation | Bravera Holdings Corp. |
| Jan 29, 2020 | River Trace Federal Credit Union | Call Federal Credit Union |
| Jan 25, 2020 | NBW Bank | National Exchange Bank and Trust |
| Jan 25, 2020 | Ohio Valley Bancorp, Inc. | Field & Main Bancorp, Inc. |
| Jan 25, 2020 | First State Bank of Mobeetie | Happy State Bank |
| Jan 24, 2020 | Wilmington Trust Corporation | M&T Bank Corporation |
| Jan 23, 2020 | WT Investments, Inc. | Wilmington Trust Corporation |
| Jan 22, 2020 | The Commerce Bank | Indiana Members Credit Union |
| Jan 18, 2020 | Citizens Bank | The Cecilian Bank |
| Jan 18, 2020 | Hartland Financial, Inc. | First Cecilian Bancorp, Inc. |
| Jan 18, 2020 | Arkansas Democrat-Gazette Federal Credit Union | Arkansas Federal Credit Union |
| Jan 15, 2020 | Citizens State Bank of Glenville | Produce State Bank |
| Jan 11, 2020 | Frederick County Bank | ACNB Bank |
| Jan 11, 2020 | Pacific Global Bank | Royal Business Bank |
| Jan 11, 2020 | South Central Bank, N.A. | Verve a Credit Union |
| Jan 11, 2020 | PGB Holdings, Inc. | RBB Bancorp |
| Jan 11, 2020 | Affinity Bank | Affinity Bank, National Association |
| Jan 11, 2020 | Abb Financial Group, Inc. | Community First Bancshares, Inc. |
| Jan 11, 2020 | Frederick County Bancorp, Inc. | ACNB Corporation |
| Jan 10, 2020 | Perry Investment Company | Greene Investment Co. |
| Jan 7, 2020 | Maple Leaf Financial, Inc. | Farmers National Banc Corp. |
| Jan 7, 2020 | Geauga Savings Bank | The Farmers National Bank of Canfield |
| Jan 4, 2020 | Prairie Star Bancshares, Inc. | CCB Financial Corporation |
| Jan 3, 2020 | Ann Arbor Bancorp, Inc. | Level One Bancorp, Inc. |
| Jan 3, 2020 | Ann Arbor State Bank | Level One Bank |
| Jan 2, 2020 | Erie T.P.E. Federal Credit Union | Americo Federal Credit Union |
| Jan 2, 2020 | The Bank & Trust of Bryan/College Station | First Financial Bank |
| Jan 2, 2020 | Bank of New Jersey | ConnectOne Bank |
| Jan 2, 2020 | Bancorp of New Jersey, Inc. | ConnectOne Bancorp, Inc. |
| Jan 2, 2020 | TB&T Bancshares, Inc. | First Financial Bankshares, Inc. |
| Jan 1, 2020 | Crescent Credit Union | Sharon & Crescent United Credit Union |
| Jan 1, 2020 | First Legacy Community Credit Union | Self-Help Credit Union |
| Jan 1, 2020 | First Neodesha Bank | Bank of Commerce |
| Jan 1, 2020 | Union Pacific California Employees Federal Credit Union | Pacific Transportation Federal Credit Union |
| Jan 1, 2020 | Union Bank of Sparta | River Bank |
| Jan 1, 2020 | Pressers Union Local 12 Ilgw Credit Union | Somerville Municipal Federal Credit Union |
| Jan 1, 2020 | Carolina Trust Bancshares, Inc. | Carolina Financial Corporation |
| Jan 1, 2020 | Heritage Bancorp, Inc. | Third Coast Bancshares, Inc. |
| Jan 1, 2020 | Two River Bancorp | OceanFirst Financial Corp. |
| Jan 1, 2020 | Cornerstone Financial Services, Inc. | Summit Community Bank, Inc |
| Jan 1, 2020 | Tennessee Community Bank Holdings, Inc. | Reliant Bancorp, Inc. |
| Jan 1, 2020 | Country Bank Holding Company, Inc. | OceanFirst Financial Corp. |
| Jan 1, 2020 | Carolina Trust Bank | CresCom Bank |
| Jan 1, 2020 | Two River Community Bank | OceanFirst Bank, N.A. |
| Jan 1, 2020 | Community Bank & Trust | Reliant Bank |
| Jan 1, 2020 | Clarkston State Bank | Waterford Bank, N.A. |
| Jan 1, 2020 | Clarkston Financial Corporation | Waterford 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 |
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