Calendar Year
2023 in US Banking
511 bank events are on record for 2023: 5 failures, 363 mergers or acquisitions involving a bank, credit union or bank holding company, and 143 enforcement actions.
5
Failures
$532.23B in failed assets
363
Mergers
Federal Reserve NIC, banking organizations
143
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 2023 · Bank mergers 2023
How many banks failed in 2023?
5 banks failed in 2023, with $532.23B in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Nov 3, 2023 | Citizens Bank | $60.4M |
| Jul 28, 2023 | Heartland Tri-State Bank | $139.4M |
| May 1, 2023 | First Republic Bank | $212.64B |
| Mar 12, 2023 | Signature Bank | $110.36B |
| Mar 10, 2023 | Silicon Valley Bank | $209.03B |
Which banks merged in 2023?
363 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2023.
See the fuller list: Bank mergers 2023 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Dec 31, 2023 | United Savers Trust Credit Union | First Community Credit Union |
| Dec 31, 2023 | G P M Federal Credit Union | Texas Associations of Professionals Federal Credit Union |
| Dec 31, 2023 | BOK Financial Asset Management, Inc. | BOKF, N.A. |
| Dec 30, 2023 | Central Agency, Inc. | Farm and Home Insurance Agency, Inc. |
| Dec 27, 2023 | Bremer Investments, Inc. | Bremer Bank, National Association |
| Dec 22, 2023 | Excel Websolutions, LLC | Newtekone, Inc. |
| Dec 16, 2023 | Washington Typographic Federal Credit Union | Afl-Cio Employees Federal Credit Union |
| Dec 16, 2023 | Virginia Trailways Federal Credit Union | Virginia Federal Credit Union |
| Dec 15, 2023 | Granite Mortgage, LLC | Granite Bank |
| Dec 15, 2023 | Flagler Bank | Dort Financial Credit Union |
| Dec 12, 2023 | North Adams Bancshares, Inc. | Liberty Bancorporation, Inc. |
| Dec 9, 2023 | Peoples Trust and Savings Bank | Farmers & Merchants Savings Bank |
| Dec 9, 2023 | First Bank | Alabama One Credit Union |
| Dec 2, 2023 | Blackhawk Bank | First Mid Bank & Trust, N.A. |
| Dec 1, 2023 | Airco Federal Credit Union | Arrowhead Federal Credit Union |
| Dec 1, 2023 | Trouvaille Federal Credit Union | American Heritage Federal Credit Union |
| Dec 1, 2023 | Banc of California, National Association | Banc of California |
| Dec 1, 2023 | Elevator Federal Credit Union | Centuryfirst Federal Credit Union |
| Dec 1, 2023 | Members First Credit Union | Avestar Credit Union |
| Dec 1, 2023 | Virginia Partners Bank | LINKBANK |
| Dec 1, 2023 | Connections Bank | Connections Bank |
| Dec 1, 2023 | PacWest Bancorp | Banc of California, Inc. |
| Dec 1, 2023 | Partners Bancorp | Linkbancorp, Inc. |
| Dec 1, 2023 | Lismore Financial Services, Inc. | Westbrand, Inc. |
| Dec 1, 2023 | State Bank of Lismore | First Western Bank and Trust |
| Dec 1, 2023 | The Bank of Delmarva | LINKBANK |
| Dec 1, 2023 | Long Island City Postal Employees Federal Credit Union | Triboro Postal Federal Credit Union |
| Dec 1, 2023 | Mount Lebanon Federal Credit Union | Omega Federal Credit Union |
| Dec 1, 2023 | Kamehameha Federal Credit Union | Hawaiian Financial Federal Credit Union |
| Dec 1, 2023 | Youngstown City Schools Credit Union, Inc. | Seven Seventeen Credit Union Inc |
| Dec 1, 2023 | Delmarva Power Southern Division Federal Credit Union | Tidemark Federal Credit Union |
| Dec 1, 2023 | P.V.H.M.C. Federal Credit Union | Calcom Federal Credit Union |
| Nov 11, 2023 | The Muncy Bank and Trust Company | Journey Bank |
| Nov 11, 2023 | Muncy Bank Financial, Inc. | Muncy Columbia Financial Corporation |
| Nov 11, 2023 | Nokomis Savings Bank | Land of Lincoln Credit Union |
| Nov 6, 2023 | First National Bank of Jasper | First State Bank of Livingston |
| Nov 4, 2023 | Citizens Savings Bank | Maynard Savings Bank |
| Nov 4, 2023 | Lee County Bank | Two Rivers Bank & Trust |
| Nov 1, 2023 | Swedish American Federal Credit Union | Membersalliance Credit Union |
| Nov 1, 2023 | Cincinnati Bancorp, Inc | LCNB Corp. |
| Nov 1, 2023 | Ce Capital, LLC | The Huntington National Bank |
| Nov 1, 2023 | Ecusta Credit Union | Champion Credit Union |
| Nov 1, 2023 | Montana Health Federal Credit Union | Intrepid Credit Union |
| Nov 1, 2023 | Allegheny Health Services Employees Federal Credit Union | Omega Federal Credit Union |
| Nov 1, 2023 | First Savings Bank | The Hometown Savings Bank |
| Nov 1, 2023 | Muncie Federal Credit Union | Primetrust Financial Federal Credit Union |
| Nov 1, 2023 | Wyoming Area Federal Credit Union | Wyoming Valley Educational Employees Federal Credit Union |
| Nov 1, 2023 | Pearl District Federal Credit Union | Energy One Federal Credit Union |
| Nov 1, 2023 | Porter Federal Credit Union | Columbine Federal Credit Union |
| Nov 1, 2023 | Rutherford Postal District Employees Federal Credit Union | Greater Alliance Federal Credit Union |
Enforcement Actions in 2023
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Oct 10, 2023 | OCC | The Park National Bank | 1829 Prohibition Notification: Caudill, Melissa |
| Oct 10, 2023 | OCC | Citizens Bank, N.A. | 1829 Prohibition Notification: Charalemis, Alexandra |
| Oct 6, 2023 | OCC | Cortrust Bank N.A. | 1829 Prohibition Notification: Outtrim, Gabe |
| Oct 4, 2023 | OCC | The Citizens National Bank | Prohibition/Removal Orders: Leseberg, Andrew |
| Oct 2, 2023 | OCC | Pike National Bank | 1829 Prohibition Notification: Burch, Anthony |
| Sep 29, 2023 | FDIC | (individual) | FDIC Assesses Civil Money Penalty Against Shinhan Bank America, New York, NY |
| Sep 29, 2023 | FDIC | (individual) | FDIC Makes Public August Enforcement Actions |
| Sep 29, 2023 Released Oct 5, 2023 | FRB | One American Financial Corporation | Written Agreement: One American Financial Corporation, Sioux Falls, South Dakota |
| Sep 26, 2023 Released Sep 28, 2023 | FRB | Visionbank of Iowa | Prohibition from Banking: Tanner Winterhof |
| Sep 26, 2023 | OCC | Santander Bank, N.A. | 1829 Prohibition Notification: Fitzgerald-Williams, Dayquan |
| Sep 22, 2023 | OCC | Evans Bancorp, Inc. | Prohibition/Removal Orders: LaPenta, Robyn |
| Sep 12, 2023 | OCC | Wells Fargo Bank, N.A. | 1829 Prohibition Notification: Escobar, Vicky |
| Sep 6, 2023 | OCC | North American Savings Bank, FSB | Prohibition/Removal Orders: Werner, John |
| Sep 5, 2023 | FRB | National Bancorp Holdings, Inc. | Section 19 Letters: Stephen M. Calk |
| Sep 1, 2023 Released Sep 5, 2023 | FRB | Gardner Bancshares, Inc. | Cease and Desist Order: Gardner Bancshares, Inc., Lenexa, Kansas and Small Business Bank, Lenexa, … |
| Aug 25, 2023 | FDIC | (individual) | FDIC Makes Public July Enforcement Actions |
| Aug 23, 2023 | OCC | First Federal Savings and Loan Association | Civil Money Penalty (CMP): Derrickson, Ralph |
| Aug 23, 2023 | OCC | PNC Bank, N.A. | Prohibition/Removal Orders: Conlon, Megan |
| Aug 14, 2023 Released Aug 22, 2023 | FRB | Regions Bank | Civil Money Penalty: Regions Bank, Birmingham, Alabama |
| Aug 11, 2023 | OCC | Woodforest National Bank | Prohibition/Removal Orders: Jordan, Stephanie |
| Aug 8, 2023 | FRB | Apollo Trust Company | Section 19 Letters: Sarah J. Cooper |
| Aug 8, 2023 | FRB | Truist Bank | Section 19 Letters: Benjamin, I. Oye |
| Jul 28, 2023 | FDIC | (individual) | FDIC Makes Public June Enforcement Actions |
| Jul 25, 2023 | FRB | Comerica Bank | Section 19 Letters: Sallie Marie Perry |
| Jul 24, 2023 | OCC | American Express National Bank | Civil Money Penalty (CMP): American Express National Bank |
| Jul 21, 2023 Released Jul 24, 2023 | FRB | Credit Suisse Holdings (USA), Inc. | Cease and Desist Order, Civil Money Penalty: UBS Group AG, Zurich, Switzerland, Credit Suisse … |
| Jul 19, 2023 | FRB | The Fauquier Bank | Section 19 Letters: Susan W. Wright |
| Jul 19, 2023 | SEC_8K | Farmers and Merchants Bancshares, Inc. | 8-K Item 5.02: written agreement |
| Jul 18, 2023 | FRB | Texas Community Bank | Section 19 Letters: Maria de los Angeles Caballero |
| Jul 18, 2023 Released Aug 17, 2023 | FRB | Farmington State Bank | Cease and Desist Order: Farmington State Bank, Farmington, Washington; FBH Corporation, Baltimore, Maryland |
| Jul 17, 2023 Released Jul 19, 2023 | FRB | DB USA Corporation | Written Agreement: Deutsche Bank AG, Frankfurt, Germany; Deutsche Bank AG New York Branch, New … |
| Jul 13, 2023 Released Jul 19, 2023 | FRB | DB USA Corporation | Cease and Desist, Civil Money Penalty: Deutsche Bank AG, Frankfurt, Germany; Deutsche Bank AG … |
| Jul 11, 2023 | OCC | The National Iron Bank | Formal Agreement: The National Iron Bank |
| Jul 7, 2023 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Alvarez, Cyntia |
| Jul 5, 2023 | OCC | Bank of America, N.A. | Civil Money Penalty (CMP): Bank of America, National Association |
| Jul 5, 2023 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Shassetz, Samantha |
| Jul 5, 2023 Released Jul 6, 2023 | FRB | Quontic Bank Holdings Corp. | Written Agreement: Quontic Bank Acquisition Corp., Astoria, New York, and Quontic Bank Holdings Corp., … |
| Jul 3, 2023 | FRB | (individual) | Section 19 Letters: Andrea N. Hopkins |
| Jun 30, 2023 | FDIC | (individual) | FDIC Makes Public May Enforcement Actions |
| Jun 29, 2023 Released Jul 6, 2023 | FRB | Herring Bancorp, Inc. | Cease and Desist Order: Herring Bancorp, Inc., Amarillo, Texas |
| Jun 28, 2023 Released Jun 30, 2023 | FRB | (individual) | Written Agreement: Lake Shore MHC, Dunkirk, New York and Lake Shore Bancorp Inc., Dunkirk, … |
| Jun 28, 2023 | FRB | Regions Bank | Section 19 Letters: Chelsie Worthen |
| Jun 27, 2023 | OCC | First National Bank | Formal Agreement: First National Bank |
| Jun 21, 2023 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Rodriguez, Yesenia |
| Jun 20, 2023 | OCC | California International Bank, N.A. | Formal Agreement: California International Bank, A National Banking Association |
| Jun 12, 2023 | FRB | Community Trust Bank, Inc. | Section 19 Letters: Jamie L. Hightower |
| Jun 12, 2023 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Ciara Jackson |
| Jun 9, 2023 Released Jun 15, 2023 | FRB | Agcom Holdings, Inc. | Written Agreement: AgCom Holdings, Inc., Maxwell, Iowa |
| Jun 4, 2023 | OCC | City National Bank | GLBA Agreement: City National Bank |
| May 31, 2023 | OCC | Extraco Banks, N.A. | Prohibition/Removal Orders: Blain, Daylon |
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