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 |
|---|---|---|
| Nov 1, 2023 | Cincinnati Federal | LCNB National Bank |
| Oct 24, 2023 | Port Washington Teachers Federal Credit Union | Port Washington Federal Credit Union |
| Oct 21, 2023 | McLaughlin Holding Company | Central Bancshares, Inc. |
| Oct 21, 2023 | SENB Bank | CBI Bank & Trust |
| Oct 16, 2023 | Northwestern Bank | The Security National Bank of Sioux City, Iowa |
| Oct 10, 2023 | Dubuque Bank and Trust Company | HTLF Bank |
| Oct 7, 2023 | United Community Bank of North Dakota | Bravera Bank |
| Oct 7, 2023 | Dakota Prairie Bank | First Fidelity Bank |
| Oct 6, 2023 | Bluestem Credit Union | Ark Valley Credit Union |
| Oct 2, 2023 | Sumner Financial Corporation | Edmonton Bancshares, Inc. |
| Oct 2, 2023 | Sumner Bank & Trust | Edmonton State Bank |
| Oct 2, 2023 | First American Bancshares, Inc. | Guaranty Capital Corporation |
| Oct 2, 2023 | Progressive Federal Credit Union | Azalea City Credit Union |
| Oct 2, 2023 | First American National Bank | Guaranty Bank and Trust Company |
| Oct 2, 2023 | McKesson Federal Credit Union | Sikorsky Financial Credit Union, Inc. |
| Oct 2, 2023 | Forbes Field Credit Union | Frontier Community Credit Union |
| Oct 1, 2023 | Kilgore Shell Employees Federal Credit Union | Telco Plus Credit Union |
| Oct 1, 2023 | St. Louis Firefighters and Community Credit Union | Alliance Credit Union |
| Oct 1, 2023 | Digital Payments Torana, Inc | The Huntington National Bank |
| Oct 1, 2023 | Provide, Inc | Fifth Third Bank, N.A. |
| Oct 1, 2023 | Northeast Missouri Bancshares, Inc. | HNB Bancorp, Inc. |
| Oct 1, 2023 | Plus International Bank | Emigrant Bank |
| Oct 1, 2023 | Greater Community Bank | LGE Community Credit Union |
| Oct 1, 2023 | Delta North Bankcorp, Inc. | Safra New York Corporation |
| Oct 1, 2023 | Waycose Federal Credit Union | Metro Community Federal Credit Union |
| Oct 1, 2023 | The Mercantile Bank of Louisiana, Missouri | HNB National Bank |
| Oct 1, 2023 | Akron Fire Police Credit Union, Inc. | National Police Federal Credit Union |
| Oct 1, 2023 | Edge Federal Credit Union | Sidney Federal Credit Union |
| Oct 1, 2023 | Partners Financial Federal Credit Union | Argent Federal Credit Union |
| Oct 1, 2023 | Postal Government Employees Federal Credit Union | Navigant Credit Union |
| Oct 1, 2023 | Morrison Employees Credit Union | Holy Ghost Parish Credit Union |
| Oct 1, 2023 | Routt Schools Federal Credit Union | Air Academy Federal Credit Union |
| Oct 1, 2023 | Link Federal Credit Union | Harvester Financial Credit Union |
| Oct 1, 2023 | McIntosh Chemical Federal Credit Union | Alabama One Credit Union |
| Oct 1, 2023 | Delta National Bank and Trust Company | Safra National Bank of New York |
| Sep 27, 2023 | The Gary State Bank | Ultima Bank Minnesota |
| Sep 23, 2023 | Englewood Bank & Trust | Crews Bank & Trust |
| Sep 23, 2023 | Crews Bank & Trust | Crews Bank & Trust |
| Sep 23, 2023 | Charlotte State Bank & Trust | Crews Bank & Trust |
| Sep 20, 2023 | Regal Bancorp, Inc. | Sr Bancorp, Inc. |
| Sep 20, 2023 | Regal Bank | Somerset Regal Bank |
| Sep 16, 2023 | Old Mission Bank | 4FRONT Credit Union |
| Sep 16, 2023 | Cornerstone Community Bank | Horicon Bank |
| Sep 12, 2023 | Petersburg Federal Reformatory Credit Union, Incorporated | Vantage Point Federal Credit Union |
| Sep 1, 2023 | Newspaper Employees Credit Union | Hudson River Community Credit Union |
| Sep 1, 2023 | St. Mary's & Affiliates Credit Union | Heartland Credit Union |
| Sep 1, 2023 | Farmers State Bank | One Community Bank |
| Sep 1, 2023 | Branch 6000 Nalc Credit Union | Consumers Federal Credit Union |
| Sep 1, 2023 | Farmington State Bank | Bank of Eastern Oregon |
| Sep 1, 2023 | Valley Board Federal Credit Union | Bayer Heritage Federal Credit Union |
Enforcement Actions in 2023
| Action date | Agency | Institution | Action |
|---|---|---|---|
| May 31, 2023 | OCC | Relyance Bank | Prohibition/Removal Orders: Barger, Kristi |
| May 30, 2023 | OCC | Wells Fargo Bank, N.A. | Notice of Charges: Taylor, Nyema'sha |
| May 26, 2023 | FDIC | (individual) | FDIC Makes Public April Enforcement Actions |
| May 24, 2023 | FRB | PNC Bank, N.A. | Section 19 Letters: Emilio Arreola |
| May 24, 2023 | OCC | First Robinson Savings Bank, N.A. | Prohibition/Removal Orders: Schlichte, Debra |
| May 23, 2023 Released Jun 1, 2023 | FRB | Silvergate Capital Corporation | Cease and Desist Order: Silvergate Capital Corporation, La Jolla, California and Silvergate Bank, La … |
| May 22, 2023 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Pysadee, Harold |
| May 17, 2023 Released May 19, 2023 | FRB | Ally Bank | Prohibition from Banking: Shebrelia Jackson-Davis |
| May 16, 2023 | FRB | Orrstown Bank | Section 19 Letters: Shannon Murphy |
| May 10, 2023 | OCC | Mufg Union Bank Foundation | Civil Money Penalty (CMP): MUFG Union Bank, National Association |
| May 2, 2023 | FRB | Regions Bank | Section 19 Letters: Capri Duvall |
| May 2, 2023 | FRB | Regions Bank | Section 19 Letters: Chloe Anderson |
| May 2, 2023 | FRB | Truist Bank | Section 19 Letters: Aasim S. Khan |
| May 2, 2023 | FRB | Truist Bank | Section 19 Letters: Trishan Deva |
| May 2, 2023 | FRB | Truist Bank | Section 19 Letters: Stacy N. Ivester |
| May 2, 2023 | FRB | Truist Bank | Section 19 Letters: Montee Gibson |
| May 2, 2023 | FRB | Regions Bank | Section 19 Letters: Jason Alexis |
| May 2, 2023 | FRB | First Horizon Bank | Section 19 Letters: Demetria M. Silvio |
| Apr 28, 2023 | FDIC | (individual) | FDIC Makes Public March Enforcement Actions |
| Apr 26, 2023 Released May 4, 2023 | FRB | Perry County Bancorp Inc. | Written Agreement: Perry County Bancorp Inc., Du Quoin, Illinois and Du Quoin State Bank, … |
| Apr 10, 2023 | OCC | Kentland Federal Savings and Loan Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kentland FS & LA |
| Apr 10, 2023 | OCC | FirstCapital Bank of Texas, National Association | Civil Money Penalty (CMP): Burgess, Brad |
| Mar 31, 2023 | FDIC | (individual) | FDIC Makes Public February Enforcement Actions |
| Mar 30, 2023 | OCC | Wallkill Valley Federal Savings and Loan Association | Prohibition/Removal Orders: James, Meg |
| Mar 24, 2023 Released Mar 30, 2023 | FRB | Wells Fargo & Company | Civil Money Penalty: Wells Fargo & Company, San Francisco, California |
| Mar 9, 2023 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Tolstedt, Carrie |
| Mar 9, 2023 | OCC | Wells Fargo Bank, N.A. | Civil Money Penalty (CMP): Tolstedt, Carrie |
| Mar 6, 2023 | FRB | PNC Bank, N.A. | Section 19 Letters: Arely J. Mendoza |
| Mar 6, 2023 | FRB | PNC Bank, N.A. | Section 19 Letters: Devin J. Hernandez |
| Feb 28, 2023 | SEC_8K | Park National Corporation | 8-K Item 7.01: consent order |
| Feb 24, 2023 | FDIC | (individual) | FDIC Makes Public January Enforcement Actions |
| Feb 16, 2023 | OCC | First Southern National Bank | Prohibition/Removal Orders: Coyle, Jamie |
| Feb 14, 2023 Released Feb 16, 2023 | FRB | Riverbend Financial Corporation | Written Agreement: Riverbend Financial Corporation, Fort Worth, Texas |
| Feb 13, 2023 | FRB | First Bank Midwest | Section 19 Letters: James Gaffney |
| Feb 9, 2023 | OCC | Lake Shore Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lake Shore Savings Bank |
| Feb 8, 2023 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Kelliele Berry |
| Feb 8, 2023 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Diamond Brocks |
| Feb 7, 2023 | SEC_8K | Newtekone, Inc. | 8-K Item 3.02: consent order |
| Jan 27, 2023 | FDIC | (individual) | FDIC Makes Public December Enforcement Actions |
| Jan 23, 2023 | SEC_8K | Carver Bancorp, Inc. | 8-K Item 1.02: formal agreement |
| Jan 20, 2023 Released Jan 24, 2023 | FRB | Popular Bank | Civil Money Penalty: Popular Bank, New York, New York |
| Jan 20, 2023 | SEC_8K | Metropolitan Bank Holding Corp. | 8-K Item 8.01: civil money penalty |
| Jan 3, 2023 Released Jan 5, 2023 | FRB | Central Savings Bank | Prohibition from Banking: Pollyanna E. Redman |
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