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 |
|---|---|---|
| Jul 1, 2020 | Lakewood Fire Fighters Credit Union, Inc. | Pse Credit Union, Inc. |
| Jul 1, 2020 | The Bank of Waynesboro | CapStar Bank |
| Jul 1, 2020 | Brassies Credit Union | Family Savings Credit Union |
| Jul 1, 2020 | The First National Bank of Brundidge | Troy Bank & Trust Company |
| Jul 1, 2020 | Traders & Farmers Bank | BankFirst Financial Services |
| Jul 1, 2020 | Alabama Rural Electric Credit Union | Alabama One Credit Union |
| Jul 1, 2020 | The First National Bank of Manchester | CapStar Bank |
| Jul 1, 2020 | C & H Sugar Employees Federal Credit Union | 1st Northern California Credit Union |
| Jul 1, 2020 | Three Rivers Credit Union | Georgia's Own Credit Union |
| Jun 30, 2020 | Homeport Federal Credit Union | Gulf Coast Federal Credit Union |
| Jun 29, 2020 | Best Hometown Bank | First National Bank of Waterloo |
| Jun 27, 2020 | Winslow Community Federal Credit Union | Connected Credit Union |
| Jun 26, 2020 | Wyoming Valley West Community Federal Credit Union | Citymark Federal Credit Union |
| Jun 13, 2020 | Park Bank | First Midwest Bank |
| Jun 13, 2020 | Center Point Bank and Trust Company | Hiawatha Bank & Trust Company |
| Jun 13, 2020 | Community National Bank | Freedom Bank of Southern Missouri |
| Jun 13, 2020 | Steuben Trust Corporation | Community Financial System, Inc. |
| Jun 13, 2020 | Steuben Trust Company | Community Bank, N.A. |
| Jun 8, 2020 | Centerstate Bank Corporation | SouthState Bank Corporation |
| Jun 8, 2020 | ML Employees Lbo Managers, Inc. | Bank of America Corporation |
| Jun 8, 2020 | Merrill Lynch MBP Inc. | Bank of America Corporation |
| Jun 8, 2020 | Kecalp, Inc. | Bank of America Corporation |
| Jun 8, 2020 | Merrill Lynch Capital Partners, Inc. | Bank of America Corporation |
| Jun 8, 2020 | Merrill Lynch GP Inc. | Bank of America Corporation |
| Jun 8, 2020 | South State Bank | SouthState Bank, N.A. |
| Jun 6, 2020 | Walcott Trust and Savings Bank | CBI Bank & Trust |
| Jun 6, 2020 | Edon Bancorp, Inc. | SB Financial Group Inc |
| Jun 6, 2020 | Schneider Bancorporation | First State Holding Co. |
| Jun 6, 2020 | The Edon State Bank Company of Edon, Ohio | The State Bank and Trust Company |
| Jun 6, 2020 | New Buffalo Savings Bank | Everwise Credit Union |
| Jun 1, 2020 | Wellesley Bank | Cambridge Trust Company |
| Jun 1, 2020 | Wellesley Bancorp Inc | Cambridge Bancorp |
| Jun 1, 2020 | First Columbia Bancorp, Inc. | Millennium Bancshares, Inc. |
| Jun 1, 2020 | Calwest Bank | California Bank of Commerce, N.A. |
| Jun 1, 2020 | Opus Bank | Pacific Premier Bank, National Association |
| Jun 1, 2020 | McCabe Hamilton & Renny Federal Credit Union | Aloha Pacific Federal Credit Union |
| Jun 1, 2020 | Andigo Credit Union | Consumers Credit Union |
| Jun 1, 2020 | Focus Federal Credit Union | Security Credit Union |
| Jun 1, 2020 | West End Bank, S. B. | Three Rivers Federal Credit Union |
| Jun 1, 2020 | Valley Gas Employees Federal Credit Union | Mutual Federal Credit Union |
| Jun 1, 2020 | Melrose Bank | Cambridge Savings Bank |
| Jun 1, 2020 | Southwest Health Care Credit Union | Copper State Credit Union |
| Jun 1, 2020 | Columbia Bank | Millennium Bank |
| May 31, 2020 | Bayonne Hospital Employees Federal Credit Union | Liberty Savings Federal Credit Union |
| May 30, 2020 | Calwest Bancorp | California Bancorp |
| May 30, 2020 | Northern Paper Mills Credit Union | Fox Communities Credit Union |
| May 30, 2020 | South Jersey Gas Employees Federal Credit Union | Jersey Shore Federal Credit Union |
| May 29, 2020 | Orange County Teachers Credit Union | Texas Dow Employees Credit Union |
| May 27, 2020 | Hopes Employees Federal Credit Union | Southern Chautauqua Federal Credit Union |
| May 23, 2020 | Central Federal Bancshares, Inc | Southern Missouri Bancorp, Inc. |
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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