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 |
|---|---|---|
| Aug 15, 2020 | Dyer F & M Bancshares, Inc. | Security Bancshares, Inc. |
| Aug 15, 2020 | Geico Federal Credit Union | Baxter Credit Union |
| Aug 15, 2020 | Bank of Laverne | Security State Bank |
| Aug 8, 2020 | Union Bank of Blair | Waumandee State Bank |
| Aug 8, 2020 | Bolivar Acquisition Corp. | Reliable Community Bancshares, Inc. |
| Aug 8, 2020 | Bank of Bolivar | The Bank of Missouri |
| Aug 1, 2020 | District 05 Dotd Federal Credit Union | Centric Federal Credit Union |
| Aug 1, 2020 | Freedom National Bank | Bristol County Savings Bank |
| Aug 1, 2020 | SB One Bancorp | Provident Financial Services, Inc. |
| Aug 1, 2020 | Cadmus Credit Union, Inc. | Chartway Federal Credit Union |
| Aug 1, 2020 | I R S E Credit Union | Cooperative Choice Network Credit Union |
| Aug 1, 2020 | Spartanburg City Employees Credit Union | South Carolina Federal Credit Union |
| Aug 1, 2020 | SB One Bank | Provident Bank |
| Aug 1, 2020 | Al Gar Federal Credit Union | Chessie Federal Credit Union |
| Aug 1, 2020 | Icon Credit Union | Horizon Credit Union |
| Aug 1, 2020 | Saint Columbkille Federal Credit Union | All Saints Federal Credit Union |
| Aug 1, 2020 | Glenview Credit Union | Partnership Financial Credit Union |
| Aug 1, 2020 | Union Memorial Credit Union | St. Louis Community Credit Union |
| Aug 1, 2020 | River Cities Community | Frontier Community Credit Union |
| Aug 1, 2020 | Shamrock Foods Federal Credit Union | Sunwest Federal Credit Union |
| Jul 31, 2020 | Mid East Tennessee Community Credit Union | ORNL Federal Credit Union |
| Jul 28, 2020 | Buffalo Cooperative Federal Credit Union | Good Neighbors Federal Credit Union |
| Jul 27, 2020 | Victor State Bank | Chelsea Savings Bank |
| Jul 18, 2020 | Bank of Akron | CNB Bank |
| Jul 18, 2020 | Southerntrust Bancshares, Inc | South Porte Financial Inc. |
| Jul 18, 2020 | South Porte Bank | Southerntrust Bank |
| Jul 15, 2020 | C and N W Proviso Credit Union | Encurage Financial Network |
| Jul 13, 2020 | SBB Bancshares, Inc. | Piper Holdings, Inc. |
| Jul 13, 2020 | State Bank of Burnettsville | The Fountain Trust Company |
| Jul 11, 2020 | MSB Financial Corp | Kearny Financial Corp. |
| Jul 11, 2020 | Millington Bank | Kearny Bank |
| Jul 7, 2020 | USNY Bank | Wayne Bank |
| Jul 7, 2020 | Upstate New York Bancorp, Inc. | Norwood Financial Corp. |
| Jul 4, 2020 | First State Bank of Claremont | Dacotah Bank |
| Jul 2, 2020 | Centennial Bank | Happy State Bank |
| Jul 2, 2020 | VSB Bancorp, Inc. | Northfield Bancorp, Inc. |
| Jul 2, 2020 | Victory State Bank | Northfield Bank |
| Jul 2, 2020 | Iberiabank Corporation | First Horizon Corporation |
| Jul 2, 2020 | Iberiabank | First Horizon Bank |
| Jul 1, 2020 | First Brundidge Bancshares, Inc. | Henderson Bancshares, Inc. |
| Jul 1, 2020 | Covenant Financial Inc. | Citizens & Northern Corporation |
| Jul 1, 2020 | Three Shores Bancorporation, Inc. | United Community Banks, Inc. |
| Jul 1, 2020 | Covenant Bank | Citizens & Northern Bank |
| Jul 1, 2020 | Seaside National Bank & Trust | United Community Bank |
| Jul 1, 2020 | Traders & Farmers Bancshares, Inc. | BankFirst Capital Corporation |
| Jul 1, 2020 | Community Shores Bank Corporation | ChoiceOne Financial Services, Inc. |
| Jul 1, 2020 | Commerce Bancshares, Inc. | Centennial Bank |
| Jul 1, 2020 | FCB Corporation | Capstar Financial Holdings, Inc. |
| Jul 1, 2020 | West York Area School District Employees Federal Credit Union | First Capital Federal Credit Union |
| Jul 1, 2020 | Fluke Employees Federal Credit Union | Sound Credit Union |
Enforcement Actions in 2020
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Jun 16, 2020 | OCC | First National Bank of Muscatine | Formal Agreement: First National Bank of Muscatine |
| Jun 8, 2020 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Majano, Andres David |
| Jun 8, 2020 Released Jun 9, 2020 | FRB | East West Bank | Civil Money Penalty: East West Bank, Pasadena, California |
| May 29, 2020 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: David M. Stahley |
| May 29, 2020 | FDIC | (individual) | FDIC Makes Public April Enforcement Actions; |
| May 26, 2020 Released May 28, 2020 | FRB | Regions Bank | Prohibition from Banking: Matthew Curtis |
| May 26, 2020 Released May 28, 2020 | FRB | Evolve Bank & Trust | Prohibition from Banking: Jessica A. Hill |
| May 26, 2020 Released May 28, 2020 | FRB | Evolve Bank & Trust | Prohibition from Banking: Aaron K. Hill |
| May 7, 2020 | OCC | Citizens Bank, N.A. | Notice of Charges: Maffettone, Biagio |
| May 1, 2020 Released May 5, 2020 | FRB | Whitaker Bank, Inc | Cease and Desist Order: Thomas P. Hinkebein |
| May 1, 2020 Released May 5, 2020 | FRB | Whitaker Bank, Inc | Prohibition from Banking: Thomas P. Hinkebein |
| Apr 30, 2020 | FRB | Bank Hapoalim B.M. | Civil Money Penalty, $37,350,000: Bank Hapoalim B.M., Tel Aviv, Israel |
| Apr 30, 2020 | FRB | Bank Hapoalim B.M. | Cease and Desist Order: Bank Hapoalim B.M., Tel Aviv, Israel |
| Apr 29, 2020 | OCC | First National Bank | Civil Money Penalty (CMP): Hahn, Lorraine |
| Apr 29, 2020 | OCC | First National Bank | Prohibition/Removal Orders: Hahn, Lorraine |
| Apr 24, 2020 | FDIC | (individual) | FDIC Makes Public March Enforcement Actions |
| Apr 21, 2020 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Kandi L. Martin |
| Apr 21, 2020 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Dondi Nicole Wilber |
| Apr 15, 2020 Released Apr 16, 2020 | FRB | Bank of Clarke County | Civil Money Penalty: Bank of Clarke County, Berryville, Virginia |
| Apr 14, 2020 | OCC | Mission National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mission National Bank |
| Apr 14, 2020 Released Apr 16, 2020 | FRB | Amboy Bank | Civil Money Penalty: Amboy Bank, Old Bridge, New Jersey |
| Apr 13, 2020 | OCC | Florida Capital Bank, N.A. | Formal Agreement: Florida Capital Bank, National Association |
| Apr 9, 2020 | OCC | PNC Bank, N.A. | Prohibition/Removal Orders: Clevenger, Eric M. |
| Apr 8, 2020 | FRB | Wells Fargo & Company | Amendment to February 2, 2018 Order to Cease and Desist: Wells Fargo & Company, … |
| Mar 30, 2020 | FRB | Regions Bank | Section 19 Letters: Bonnie S. Strickland |
| Mar 27, 2020 | FDIC | (individual) | FDIC Makes Public February Enforcement Actions; |
| Mar 20, 2020 | FRB | First Nebraska Bank | Section 19 Letters: Erica L. File |
| Mar 11, 2020 | FRB | First Midwest Bank | Section 19 Letters: James Hunziker |
| Mar 11, 2020 | FRB | Wheaton Bank & Trust Company, N.A. | Section 19 Letters: Martor Woodson |
| Mar 11, 2020 | FRB | (individual) | Section 19 Letters: Mallory Marzion |
| Mar 6, 2020 | OCC | Wells Fargo Bank, N.A. | Notice of Charges: Roman, Sara |
| Mar 5, 2020 | OCC | U.S. Bank N.A. | Civil Money Penalty (CMP): LaFontaine, Michael S. |
| Mar 3, 2020 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Purvis, Khalidah |
| Feb 28, 2020 | FDIC | (individual) | FDIC Makes Public January Enforcement Actions; |
| Feb 27, 2020 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Salgador, Yadira |
| Feb 26, 2020 | OCC | Mutual Savings Bank | Formal Agreement: Mutual Savings Bank |
| Feb 20, 2020 | OCC | Community Federal Savings Bank | Formal Agreement: Community Federal Savings Bank |
| Feb 19, 2020 | FRB | (individual) | Section 19 Letters: Dulce Olivia Argueta |
| Feb 13, 2020 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Bridges, Pamela |
| Feb 12, 2020 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Tamayo, Robert |
| Feb 10, 2020 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Welty, David |
| Feb 6, 2020 | OCC | South Central Bank, N.A. | Notice of Charges: Sangster, Christopher |
| Feb 4, 2020 Released Feb 6, 2020 | FRB | The Farmers and Merchants Bank of Craig County | Civil Money Penalty: Farmers & Merchants Bank of Craig County |
| Jan 31, 2020 | FDIC | (individual) | FDIC Makes Public December Enforcement Actions |
| Jan 31, 2020 Released Feb 4, 2020 | FRB | Goldman Sachs Services (B.V.I.) Limited | Prohibition from Banking: Andrea Vella |
| Jan 30, 2020 Released Feb 4, 2020 | FRB | (individual) | Civil Money Penalty, $20,264.27: Carol Allen |
| Jan 30, 2020 Released Feb 4, 2020 | FRB | (individual) | Prohibition from Banking: Carol Allen |
| Jan 30, 2020 | OCC | M.Y. Safra Bank, FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): M.Y. Safra Bank, FSB |
| Jan 28, 2020 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Solivan, Rosa L. |
| Jan 28, 2020 | OCC | U.S. Bank N.A. | Prohibition/Removal Orders: Jones, Jamika |
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