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