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 |
|---|---|---|---|
| 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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