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