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 |
|---|---|---|
| Apr 4, 2020 | Gold Coast Bancorp, Inc. | Investors Bancorp, Inc. |
| Apr 4, 2020 | Gold Coast Bank | Investors Bank |
| Apr 4, 2020 | Owenton Bancorp, Inc. | Citizens Union Bancorp of Shelbyville, Inc. |
| Apr 4, 2020 | Platte Valley Bank of Missouri | Central Bank of the Midwest |
| Apr 4, 2020 | Peoples Bank & Trust Company | Citizens Union Bank of Shelbyville |
| Apr 3, 2020 | Southwest Georgia Financial Corporation | The First Bancshares, Inc. |
| Apr 3, 2020 | Southwest Georgia Bank | The First Bank |
| Apr 1, 2020 | BMO Harris Equipment Finance Company | BMO Bank N.A. |
| Apr 1, 2020 | RSB Bancorp, Inc. | Columbia Financial, Inc. |
| Apr 1, 2020 | RSB Bancorp, MHC | Columbia Financial, Inc. |
| Apr 1, 2020 | Morgan Stanley Delta Holdings LLC | Morgan Stanley Domestic Holdings, LLC |
| Apr 1, 2020 | First Advantage Bancorp | Reliant Bancorp, Inc. |
| Apr 1, 2020 | Revere Bank | Sandy Spring Bank |
| Apr 1, 2020 | SBT Bancorp, Inc. | Vallant Financial, Inc. |
| Apr 1, 2020 | Southern Bank & Trust | Vallant Bank |
| Apr 1, 2020 | Primewest Mortgage Corporation | First Bank & Trust |
| Apr 1, 2020 | St. Augustine Presbyterian Federal Credit Union | Neighborhood Trust Federal Credit Union |
| Apr 1, 2020 | Evergreen Bancshares, Inc. | Capital Bancorp, Inc. |
| Apr 1, 2020 | State Capital Corporation | Bancplus Corporation |
| Apr 1, 2020 | A.P.C. Employees Federal Credit Union | Hughes Federal Credit Union |
| Apr 1, 2020 | Bethany Baptist Christian Federal Credit Union | Trumark Credit Union |
| Apr 1, 2020 | First Castle Federal Credit Union | Pelican Credit Union |
| Apr 1, 2020 | The Citizens Bank | First Commerce Credit Union |
| Apr 1, 2020 | West Orange Municipal Federal Credit Union | Advanced Financial Federal Credit Union |
| Apr 1, 2020 | State Bank & Trust Company | BankPlus |
| Apr 1, 2020 | Adams County Credit Union | First Bank of Berne |
| Apr 1, 2020 | Kent County Memorial Hospital Employees Federal Credit Union | Navigant Credit Union |
| Apr 1, 2020 | Riverview Community Federal Credit Union | Advia Credit Union |
| Apr 1, 2020 | First State Bank | Commercial Capital Bank |
| Apr 1, 2020 | Motor City Co-Op Credit Union | Christian Financial Credit Union |
| Apr 1, 2020 | Roselle Bank | Columbia Bank |
| Apr 1, 2020 | TRMC Employees Credit Union | S.C. State Federal Credit Union |
| Apr 1, 2020 | Mercy Health Partners Federal Credit Union | Sun Federal Credit Union |
| Apr 1, 2020 | First Advantage Bank | Reliant Bank |
| Mar 31, 2020 | (unnamed) | Bank of America, N.A. |
| Mar 27, 2020 | Marquis Bancorp, Inc. | Professional Holding Corp. |
| Mar 27, 2020 | Marquis Bank | Professional Bank |
| Mar 21, 2020 | H.F. Gehant Bancorp, Inc. | Tri-County Financial Group, Inc. |
| Mar 21, 2020 | Republic Bank & Trust | Armstrong Bank |
| Mar 21, 2020 | H. F. Gehant Banking Co. | First State Bank |
| Mar 15, 2020 | Epiphany Federal Credit Union | Transfiguration Parish Federal Credit Union |
| Mar 14, 2020 | First Bank of the Palm Beaches | Seacoast National Bank |
| Mar 14, 2020 | Northern Bankshares, Inc. | Bosshard Financial Group, Inc. |
| Mar 10, 2020 | Bankmanagers Corp. | First Midwest Bancorp, Inc. |
| Mar 10, 2020 | American Hammered Federal Credit Union | Five Star of Maryland Federal Credit Union |
| Mar 7, 2020 | Farmers & Merchants Bank, of Orfordville | The Bank of Brodhead |
| Mar 6, 2020 | The Citizens State Bank | BancFirst |
| Mar 2, 2020 | Esb Mortgage Company | Trinity Capital Bank of Texas |
| Mar 2, 2020 | Victor Valley Federal Credit Union | Bourns Employees Federal Credit Union |
| Mar 1, 2020 | Dsa Financial Corporation | FCN Banc Corp. |
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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