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 |
|---|---|---|
| Jan 1, 2020 | Winthrop Resources Corporation | TCF National Bank |
| Jan 1, 2020 | Entegra Financial Corp. | First-Citizens Bank & Trust Company |
| Jan 1, 2020 | Highlands Bankshares, Inc. | First Community Bankshares, Inc. |
| Jan 1, 2020 | Peoples Bankshares, Incorporated | C&F Financial Corporation |
| Jan 1, 2020 | Peoples Bancorp of MT. Pleasant, Inc. | Consumers Bancorp, Inc. |
| Jan 1, 2020 | Community First Data Services, Inc. | ANB Bank |
| Jan 1, 2020 | Midland Financial Corporation | Docking Bancshares, Inc. |
| Jan 1, 2020 | Country Bank | OceanFirst Bank, N.A. |
| Jan 1, 2020 | Alliance Blackstone Valley Federal Credit Union | Rhode Island Credit Union |
| Jan 1, 2020 | Western Holding Company of Wolf Point | Eagle Bancorp Montana, Inc. |
| Jan 1, 2020 | Texas First Bancshares, Inc. | Cadence Bank |
| Jan 1, 2020 | Cornerstone Bank, Inc. | Summit Community Bank, Inc |
| Jan 1, 2020 | Family Federal Savings, F.A. | Fidelity Co-Operative Bank |
| Jan 1, 2020 | Highlands Union Bank | First Community Bank |
| Jan 1, 2020 | Peoples Community Bank | Citizens and Farmers Bank |
| Jan 1, 2020 | Bi-County PTC Federal Credit Union | Ignite Credit Union |
| Jan 1, 2020 | Chetopa State Bank & Trust Co. | Bank of Commerce |
| Jan 1, 2020 | Doco Credit Union | Georgia's Own Credit Union |
| Jan 1, 2020 | Riverside Beaver County Federal Credit Union | Multi-Schools Federal Credit Union |
| Jan 1, 2020 | Mutual of Omaha Bank | CIT Bank, National Association |
| Jan 1, 2020 | Texas First State Bank | Cadence Bank |
| Jan 1, 2020 | Points West Community Bank | Points West Community Bank |
| Jan 1, 2020 | The Midland National Bank of Newton | Union State Bank |
| Jan 1, 2020 | Heritage Bank | Third Coast Bank |
| Jan 1, 2020 | Mechanics' Savings Bank | Maine Community Bank |
| Jan 1, 2020 | Heights Community Federal Credit Union | People First Federal Credit Union |
| Jan 1, 2020 | Ocean Spray Employees Federal Credit Union | Brightbridge Credit Union |
| Jan 1, 2020 | The Peoples National Bank of Mount Pleasant | Consumers National Bank |
| Jan 1, 2020 | United America West Federal Credit Union | Gain Federal Credit Union |
| Jan 1, 2020 | Western Bank of Wolf Point | Opportunity Bank of Montana |
| Jan 1, 2020 | Southwest Colorado Federal Credit Union | Credit Union of Colorado, a Federal Credit Union |
| Jan 1, 2020 | 1st Bank & Trust | FirstBank |
| Jan 1, 2020 | Commercial State Bank | Community State Bank |
| Jan 1, 2020 | Community Bank of Snyder | Oakwood Bank |
| Jan 1, 2020 | Entegra Bank | First-Citizens Bank & Trust Company |
| Jan 1, 2020 | Ncse Credit Union | Beacon Credit Union Incorporated |
| Jan 1, 2020 | Schools Financial Credit Union | Schoolsfirst Federal 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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