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 |
|---|---|---|---|
| Jan 24, 2020 Released Jan 30, 2020 | FRB | (individual) | Civil Money Penalty: Alden State Bank, Alden, New York |
| Jan 23, 2020 | OCC | Wells Fargo Bank, N.A. | Notice of Charges: Strother, James |
| Jan 23, 2020 | OCC | Wells Fargo Bank, N.A. | Notice of Charges: Tolstedt, Carrie |
| Jan 23, 2020 | OCC | Wells Fargo Bank, N.A. | Notice of Charges: McLinko, Paul |
| Jan 23, 2020 | OCC | Wells Fargo Bank, N.A. | Notice of Charges: Julian, David |
| Jan 23, 2020 | OCC | Wells Fargo Bank, N.A. | Notice of Charges: Russ Anderson, Claudia |
| Jan 22, 2020 | FRB | (individual) | Section 19 Letters: Susann Nelson |
| Jan 22, 2020 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Stumpf, John |
| Jan 22, 2020 | OCC | Wells Fargo Bank, N.A. | Civil Money Penalty (CMP): Stumpf, John |
| Jan 22, 2020 | FRB | (individual) | Section 19 Letters: Joe Frank Rodriguez |
| Jan 21, 2020 | OCC | Wells Fargo Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hardison, Hope |
| Jan 21, 2020 | OCC | Wells Fargo Bank, N.A. | Civil Money Penalty (CMP): Hardison, Hope |
| Jan 17, 2020 | OCC | Citibank, N.A. | Civil Money Penalty (CMP): Citibank, N.A. |
| Jan 8, 2020 | FRB | RCB Bank | Section 19 Letters: Michelle C. Colfax |
| Jan 8, 2020 | OCC | Wells Fargo Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Loughlin, Michael |
| Jan 8, 2020 | FRB | High Country Bank | Section 19 Letters: April M. Kali |
| Jan 8, 2020 | OCC | JPMorgan Chase Bank, N.A. | Suspension Order for Criminal Conduct: Ruffo, Jeffrey |
| Jan 8, 2020 | OCC | Wells Fargo Bank, N.A. | Civil Money Penalty (CMP): Loughlin, Michael |
Browse adjacent years: 2019 · 2021
Or jump to a category: Failures · Mergers · Enforcement · Assistance