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 |
|---|---|---|
| Jul 1, 2023 | Ctecu | Chevron Federal Credit Union |
| Jul 1, 2023 | The First National Bank of South Miami | United Community Bank |
| Jul 1, 2023 | Selh Federal Credit Union | St. Tammany Federal Credit Union |
| Jul 1, 2023 | Community Bank of the Chesapeake | Shore United Bank, N.A. |
| Jul 1, 2023 | Western Connecticut Federal Credit Union | Albright Credit Union |
| Jul 1, 2023 | Miles City Federal Credit Union | Valley Financial Credit Union |
| Jul 1, 2023 | First Federal Savings and Loan Association | Bankokolona |
| Jul 1, 2023 | TC Teachers Federal Credit Union | Gulf Shore Federal Credit Union |
| Jul 1, 2023 | First United Credit Union | North Central Area Credit Union |
| Jul 1, 2023 | Pentucket Bancorp, Inc. | River Run Bancorp, Inc. |
| Jul 1, 2023 | Pentucket Bank Holdings, MHC | River Run Bancorp, MHC |
| Jul 1, 2023 | Settlers Bank | Wings Financial Credit Union |
| Jul 1, 2023 | Inland Bancorp, Inc. | Byline Bancorp, Inc. |
| Jul 1, 2023 | The Community Financial Corporation | Shore Bancshares, Inc. |
| Jul 1, 2023 | First Miami Bancorp, Inc. | United Community Banks, Inc. |
| Jul 1, 2023 | North Main Credit Union | Georgia United Credit Union |
| Jul 1, 2023 | Eme Credit Union | People First Federal Credit Union |
| Jul 1, 2023 | Vermont Va Federal Credit Union | 802 Credit Union |
| Jul 1, 2023 | Dowell Federal Credit Union | Diamond Federal Credit Union |
| Jul 1, 2023 | Nebraska Rural Electric Association Credit Union | Nebraska Energy Federal Credit Union |
| Jul 1, 2023 | Inland Bank and Trust | Byline Bank |
| Jul 1, 2023 | Health Center Credit Union | Georgia's Own Credit Union |
| Jul 1, 2023 | MY Healthcare Federal Credit Union | Ficare Federal Credit Union |
| Jul 1, 2023 | Winchester Federal Credit Union | Members Plus Credit Union |
| Jul 1, 2023 | Harrison District No 2 Federal Credit Union | Air Academy Federal Credit Union |
| Jun 30, 2023 | Local 461 Federal Credit Union | Brosnan Yard Federal Credit Union |
| Jun 24, 2023 | Catlin Bank | The Fisher National Bank |
| Jun 17, 2023 | Huntingdon Valley Bank | First Citizens Community Bank |
| Jun 17, 2023 | HV Bancorp, Inc | Citizens Financial Services, Inc. |
| Jun 13, 2023 | Credit Suisse Group Ag | UBS Group Ag |
| Jun 12, 2023 | Northwest Community Credit Union | Peak Credit Union |
| Jun 10, 2023 | Marine Bancorp, Inc. | Hometown Community Bancorp, Inc. |
| Jun 10, 2023 | Marine Bank | Morton Community Bank |
| Jun 10, 2023 | The Gorham State Bank | The Bank |
| Jun 3, 2023 | Granite Mountain Bank Inc dba Granite Mountain Bank | Citizens Alliance Bank |
| Jun 3, 2023 | Security State Bank | Citizens State Bank |
| Jun 1, 2023 | Self Reliance Baltimore Federal Credit Union | Ukrainian Selfreliance Federal Credit Union |
| Jun 1, 2023 | Western Bank of Clovis | Western Commerce Bank |
| Jun 1, 2023 | J D M H Federal Credit Union | Elliott Community Federal Credit Union |
| Jun 1, 2023 | RTN Federal Credit Union | Brightbridge Credit Union |
| Jun 1, 2023 | Freedom First Credit Union | Bridge Credit Union Inc. |
| Jun 1, 2023 | Bank of Chestnut | Longview Community Bank |
| Jun 1, 2023 | Community United Credit Union | Pse Credit Union, Inc. |
| Jun 1, 2023 | Greater Salem Employees Federal Credit Union | St. Jean's Credit Union |
| Jun 1, 2023 | Western Bancshares of Clovis, Inc. | Western Commerce Bancshares of Carlsbad, Inc. |
| May 27, 2023 | MUFG Union Bank, National Association | U.S. Bank N.A. |
| May 20, 2023 | First Bank & Trust | HTLF Bank |
| May 20, 2023 | Noah Bank | The Bank of Princeton |
| May 20, 2023 | Brunswick Bancorp | Mid Penn Bancorp, Inc. |
| May 20, 2023 | Brunswick Bank and Trust Company | Mid Penn Bank |
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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