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 |
|---|---|---|
| Oct 22, 2020 | The Bank of Austin | Texas Partners Bank |
| Oct 22, 2020 | Texas Hill Country Bank | Texas Partners Bank |
| Oct 21, 2020 | American Eagle Bank of Chicago | American Eagle Bank |
| Oct 17, 2020 | Hoyne Interim Bank | Hoyne Savings Bank |
| Oct 17, 2020 | Community Shores Bank | ChoiceOne Bank |
| Oct 17, 2020 | First Bank & Trust | First Bank & Trust |
| Oct 17, 2020 | Peoples Bank Midwest | Frandsen Bank & Trust |
| Oct 10, 2020 | Executive National Bank | City National Bank of Florida |
| Oct 10, 2020 | Beartooth Bank | Bravera Bank |
| Oct 6, 2020 | Go Federal Credit Union | America's Credit Union |
| Oct 1, 2020 | Carroll Community Bank | Farmers and Merchants Bank |
| Oct 1, 2020 | Fort Hood National Bank | First National Bank Texas dba First Convenience Bank |
| Oct 1, 2020 | Eagle State Bank | Riverstone Bank |
| Oct 1, 2020 | Mansfield Co-operative Bank | Bluestone Bank |
| Oct 1, 2020 | East Ohio Gas Youngstown Division Employees Federal Credit Union | Dominion Energy Credit Union |
| Oct 1, 2020 | Gpce Credit Union | Champions First Credit Union |
| Oct 1, 2020 | S I Employees Federal Credit Union | Saratoga's Community Federal Credit Union |
| Oct 1, 2020 | Eagle Bancshares, Inc. | Tri Valley Bancshares, Inc. |
| Oct 1, 2020 | Carroll Bancorp, Inc. | Farmers and Merchants Bancshares, Inc. |
| Oct 1, 2020 | CSX Chicago Terminal Credit Union | A C M E Continental Credit Union |
| Oct 1, 2020 | MBFT Federal Credit Union | Nymeo Federal Credit Union |
| Oct 1, 2020 | Health Systems Credit Union | Consumer Credit Union |
| Oct 1, 2020 | Formica-Evendale Federal Credit Union | Sharefax Credit Union, Inc. |
| Oct 1, 2020 | Heartland Community Credit Union | CSD Credit Union |
| Sep 30, 2020 | Bank of New Castle | Discover Bank |
| Sep 30, 2020 | Esquire-Goodfellowship Federal Credit Union | Consumers Federal Credit Union |
| Sep 26, 2020 | American Momentum Holdings, Inc. | Adam Bank Group, Inc. |
| Sep 19, 2020 | The Poplar Grove State Bank | Solutions Bank |
| Sep 19, 2020 | Peoples Bank | American Heritage Bank |
| Sep 12, 2020 | Stock Growers Bank | Stock Growers Bank |
| Sep 5, 2020 | Prime Bank | Tinker Federal Credit Union |
| Sep 1, 2020 | Banco Santander Puerto Rico | FirstBank Puerto Rico |
| Sep 1, 2020 | Standard Register Federal Credit Union | Pathways Financial Credit Union, Inc. |
| Sep 1, 2020 | Tazewell County Government Employees Credit Union | Kemba Peoria Credit Union |
| Sep 1, 2020 | Golden Eagle Federal Credit Union | Employees Federal Credit Union |
| Sep 1, 2020 | Connecticut Transit Federal Credit Union | America's First Network Credit Union |
| Sep 1, 2020 | Santander Bancorp | First Bancorp |
| Sep 1, 2020 | Longview Consolidated Credit Union | Barksdale Federal Credit Union |
| Sep 1, 2020 | CCC Van Wert Credit Union, Inc. | Superior Credit Union Inc |
| Aug 31, 2020 | East Ohio Gas Cleveland Operating Employees Federal Credit Union | Dominion Energy Credit Union |
| Aug 31, 2020 | Asbestos Workers Local 53 Federal Credit Union | Electrical Workers Local 130 Federal Credit Union |
| Aug 22, 2020 | Farmers Bank of Lincoln | Community National Bank & Trust |
| Aug 22, 2020 | Fourth Street Banking Company | Seacoast Banking Corporation of Florida |
| Aug 22, 2020 | First American Bank, N.A. | Hiawatha National Bank |
| Aug 22, 2020 | Freedom Bank | Seacoast National Bank |
| Aug 22, 2020 | Advantage Community Bancshares, Inc. | Nicolet Bankshares, Inc. |
| Aug 22, 2020 | Advantage Community Bank | Nicolet National Bank |
| Aug 15, 2020 | The Farmers & Merchants Bank | Security Bank and Trust Company |
| Aug 15, 2020 | Franklin Financial Network, Inc. | FB Financial Corporation |
| Aug 15, 2020 | Franklin Synergy Bank | FirstBank |
Enforcement Actions in 2020
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Dec 28, 2020 | FDIC | (individual) | FDIC Makes Public November Enforcement Actions |
| Dec 22, 2020 | FRB | Credit Suisse Group Ag | Written Agreement: Credit Suisse Group AG, Zurich, Switzerland; Credit Suisse AG, Zurich, Switzerland; Credit … |
| Dec 17, 2020 | OCC | Cfsbank | Notice of Charges: Bassi, Neil |
| Dec 11, 2020 | OCC | First National Bank of Omaha | Prohibition/Removal Orders: Zeitner, Michelle |
| Dec 10, 2020 | OCC | HSBC Bank USA, N.A. | Prohibition/Removal Orders: Johnson, Mark |
| Dec 10, 2020 | OCC | SoFi Bank, N.A. | Civil Money Penalty (CMP): Lyon, Bradley |
| Dec 10, 2020 | OCC | SoFi Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lyon, Bradley |
| Dec 4, 2020 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Shade Wade |
| Nov 27, 2020 | FDIC | (individual) | FDIC Makes Public October Enforcement Actions |
| Nov 24, 2020 | OCC | JPMorgan Chase Bank, N.A. | Civil Money Penalty (CMP): JPMorgan Chase Bank, National Association |
| Nov 19, 2020 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Ashley R. Williams |
| Nov 19, 2020 | OCC | Eastern National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Eastern National Bank |
| Nov 13, 2020 Released Nov 19, 2020 | FRB | Craco, Inc. | Written Agreement: Craco, Inc., Vinita, Oklahoma |
| Nov 12, 2020 | OCC | Gateway Bank, F.S.B. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gateway Bank, F.S.B. |
| Nov 11, 2020 | OCC | USAA Federal Savings Bank | Civil Money Penalty (CMP): USAA Federal Savings Bank |
| Nov 10, 2020 | FRB | Cecil Bank | Section 19 Letters: Mary B. Halsey |
| Nov 6, 2020 Released Nov 10, 2020 | FRB | (individual) | Civil Money Penalty: Farmers Bank & Trust Company |
| Nov 4, 2020 | OCC | State Farm Bank, FSB | Civil Money Penalty (CMP): State Farm Bank, FSB |
| Nov 3, 2020 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Roman, Sara |
| Oct 30, 2020 | FDIC | (individual) | FDIC Makes Public September Enforcement Actions; |
| Oct 22, 2020 | FRB | The Goldman Sachs Group, Inc. | Cease and Desist Order: The Goldman Sachs Group, Inc., New York, New York |
| Oct 22, 2020 | FRB | The Goldman Sachs Group, Inc. | Civil Money Penalty: The Goldman Sachs Group, Inc., New York, New York |
| Oct 15, 2020 Released Oct 20, 2020 | FRB | First Savings Bank | Cease and Desist Order: Weldon Riggs |
| Oct 14, 2020 | OCC | USAA Federal Savings Bank | Civil Money Penalty (CMP): USAA Federal Savings Bank |
| Oct 14, 2020 Released Oct 15, 2020 | FRB | M&T Bank Corporation | Civil Money Penalty: M&T Bank, Buffalo, NY |
| Oct 13, 2020 | OCC | City National Bank of New Jersey | Civil Money Penalty (CMP): Monegro, David |
| Oct 13, 2020 | OCC | City National Bank of New Jersey | Prohibition/Removal Orders: Monegro, David |
| Oct 13, 2020 | OCC | Cfsbank | Civil Money Penalty (CMP): Galloni, David |
| Oct 13, 2020 | OCC | Cfsbank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Galloni, David |
| Oct 9, 2020 | OCC | First Abu Dhabi Bank USA N.V. | Civil Money Penalty (CMP): First Abu Dhabi Bank USA N.V. |
| Oct 8, 2020 | OCC | Morgan Stanley Bank, N.A. | Civil Money Penalty (CMP): Morgan Stanley Bank, N.A. |
| Oct 8, 2020 | OCC | Morgan Stanley Private Bank, N.A. | Civil Money Penalty (CMP): Morgan Stanley Private Bank, National Association |
| Oct 7, 2020 | OCC | Citibank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citibank, National Association |
| Oct 7, 2020 | OCC | Citibank, N.A. | Civil Money Penalty (CMP): Citibank, National Association |
| Oct 7, 2020 | FRB | Citigroup Inc. | Cease and Desist Order: Citigroup, Inc., New York, New York |
| Oct 5, 2020 | OCC | Business Bank of Texas, N.A. | Formal Agreement: Business Bank of Texas, National Association |
| Sep 28, 2020 | FRB | (individual) | Section 19 Letters: Kelly R. Salisbury |
| Sep 28, 2020 Released Oct 1, 2020 | FRB | Atlantic Community Bankers Bank | Written Agreement: Atlantic Community Bankers Bank, Camp Hill, Pennsylvania |
| Sep 25, 2020 | FDIC | (individual) | FDIC Makes Public August Enforcement Actions; |
| Sep 21, 2020 | OCC | Wells Fargo Bank, N.A. | Civil Money Penalty (CMP): Raphaelson, Matthew |
| Sep 21, 2020 | OCC | Wells Fargo Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Zimmerman, Kenneth |
| Sep 21, 2020 | OCC | Wells Fargo Bank, N.A. | Civil Money Penalty (CMP): Kidd, Tracy |
| Sep 21, 2020 | OCC | Wells Fargo Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kidd, Tracy |
| Sep 21, 2020 | OCC | Wells Fargo Bank, N.A. | Civil Money Penalty (CMP): Zimmerman, Kenneth |
| Sep 21, 2020 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Raphaelson, Matthew |
| Sep 18, 2020 | OCC | GN Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): GN Bank |
| Sep 16, 2020 | OCC | CIT Bank, National Association | Civil Money Penalty (CMP): CIT Bank, National Association |
| Sep 15, 2020 | OCC | City National Bank of New Jersey | Civil Money Penalty (CMP): Carney, Alfonso |
| Sep 9, 2020 | FRB | Peoples Bank & Trust Company of Hazard | Section 19 Letters: Tracy L. Amburgey |
| Sep 9, 2020 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Rivera, Christian |
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