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 |
|---|---|---|
| May 13, 2023 | Wabash Savings Bank | The First National Bank of Allendale |
| May 12, 2023 | Texas Brand Bancshares, Inc. | Harmony Bancshares, Inc. |
| May 12, 2023 | Harmony Bank, National Association | Harmony Bank |
| May 8, 2023 | Gradfin LLC | KeyBank N.A. |
| May 6, 2023 | New Citizens State Bank - Interim Bank | Compass Bank |
| May 1, 2023 | I C S Federal Credit Union | Good Neighbors Federal Credit Union |
| May 1, 2023 | IBP2, LLC | Peoples Bancorp Inc. |
| May 1, 2023 | IBP1, LLC | Peoples Bancorp Inc. |
| May 1, 2023 | Pbib Corporation, Inc. | Peoples Bancorp Inc. |
| May 1, 2023 | Pbi Title Services, LLC | Peoples Bancorp Inc. |
| May 1, 2023 | First Bancshares of Texas, Inc. | Prosperity Bancshares, Inc. |
| May 1, 2023 | FirstCapital Bank of Texas, National Association | Prosperity Bank |
| May 1, 2023 | Limestone Bancorp, Inc | Peoples Bancorp Inc. |
| May 1, 2023 | Troy Area School Employees Federal Credit Union | First Heritage Federal Credit Union |
| May 1, 2023 | Davenport Police Department Credit Union | The Family Credit Union |
| May 1, 2023 | Vermillion Federal Credit Union | Voyage Federal Credit Union |
| May 1, 2023 | Girard Credit Union, Inc. | Associated School Employees Credit Union, Inc. |
| May 1, 2023 | St. Gabriels Federal Credit Union | WSSC Federal Credit Union |
| May 1, 2023 | Limestone Bank, Inc. | Peoples Bank |
| May 1, 2023 | Kemba Peoria Credit Union | Gale Credit Union |
| May 1, 2023 | Novamont Employees Federal Credit Union | First Priority Federal Credit Union |
| May 1, 2023 | Independence Federal Credit Union | United Consumers Credit Union |
| May 1, 2023 | Sequoia Federal Credit Union | Premierone Credit Union |
| Apr 30, 2023 | Dillonvale Federal Credit Union | Ohio Valley Community Federal Credit Union |
| Apr 29, 2023 | Bridgeport City Employees Federal Credit Union | Sikorsky Financial Credit Union, Inc. |
| Apr 22, 2023 | Surrey Bancorp | First Community Bankshares, Inc. |
| Apr 22, 2023 | Surrey Bank & Trust | First Community Bank |
| Apr 22, 2023 | Lusk State Bank | Banner Capital Bank |
| Apr 15, 2023 | Bank of Blue Valley | HTLF Bank |
| Apr 2, 2023 | (unnamed) | South Plains Financial, Inc. |
| Apr 1, 2023 | Montgomery Bancshares, Inc. | Waterman Acquisition Group, LLC |
| Apr 1, 2023 | Charis Holdings, Inc | Vista Bancshares, Inc. |
| Apr 1, 2023 | Beauregard Bancshares, Inc. | Homeland Bancshares, Inc. |
| Apr 1, 2023 | Maximum Bancshares, Inc. | Savanna-Thomson Investment, Inc. |
| Apr 1, 2023 | PSB Holding Corp. | Summit Financial Group, Inc. |
| Apr 1, 2023 | Woodlawn Federal Credit Union | Navigant Credit Union |
| Apr 1, 2023 | First State Bank of Bloomington | First State Bank and Trust |
| Apr 1, 2023 | Fidelity Bank | Fidelity Bank |
| Apr 1, 2023 | Armstrong Federal Credit Union | Jackson Area Federal Credit Union |
| Apr 1, 2023 | Provident State Bank, Inc. | Summit Community Bank, Inc |
| Apr 1, 2023 | Reliant Federal Credit Union | Uniwyo Federal Credit Union |
| Apr 1, 2023 | Commonwealth Utilities Federal Credit Union | Taunton Federal Credit Union |
| Apr 1, 2023 | Powerco Federal Credit Union | Southern Energy Credit Union |
| Apr 1, 2023 | Prime Care Credit Union, Incorporated | Healthcare Systems Federal Credit Union |
| Apr 1, 2023 | Stamford Postal Employees Federal Credit Union | America's First Network Credit Union |
| Apr 1, 2023 | Emerald Bank | Bank of Commerce |
| Apr 1, 2023 | Butler Point, Inc. | Fisher Bancorp, Inc. |
| Apr 1, 2023 | Muncie Post Office Credit Union | Financial Center First Credit Union |
| Apr 1, 2023 | Charis Bank | Vista Bank |
| Apr 1, 2023 | Pioneer State Bank | Numark 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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