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 |
|---|---|---|
| Apr 1, 2023 | Richmond City Employees Federal Credit Union | Kemba Credit Union, Inc. |
| Apr 1, 2023 | Northwest Louisiana Federal Credit Union | Red River Employees Federal Credit Union |
| Apr 1, 2023 | Printing Industries Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Apr 1, 2023 | Bank of Montgomery | Waterman Bank |
| Apr 1, 2023 | State Highway Credit Union | Washington State Employees Credit Union |
| Apr 1, 2023 | Pacific Transportation Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Mar 27, 2023 | Silicon Valley Bridge Bank, N.A. | First-Citizens Bank & Trust Company |
| Mar 27, 2023 | First National Bank and Trust Company of Weatherford | Blue SKY Bank |
| Mar 25, 2023 | First State Bank of Newcastle | First Northern Bank of Wyoming |
| Mar 25, 2023 | State Bank of Wheaton | FM Bank |
| Mar 23, 2023 | Farmers and Merchants Bank of Kendall | Ergo Bank |
| Mar 20, 2023 | Signature Bridge Bank, N.A. | Flagstar Bank, N.A. |
| Mar 18, 2023 | Calcite Credit Union | Alpena-Alcona Area Credit Union |
| Mar 17, 2023 | Homestreet Capital Corporation | HomeStreet Bank |
| Mar 16, 2023 | CBank | Republic Bank & Trust Company |
| Mar 11, 2023 | Citizens Commerce Bancshares, Inc. | City Holding Company |
| Mar 11, 2023 | Citizens Commerce Bank | City National Bank of West Virginia |
| Mar 1, 2023 | Ohio's First Class Credit Union | Pse Credit Union, Inc. |
| Mar 1, 2023 | Umpqua Holdings Corporation | Columbia Banking System, Inc. |
| Mar 1, 2023 | Columbia State Bank | Columbia Bank |
| Mar 1, 2023 | Northern Chautauqua Federal Credit Union | Inner Lakes Federal Credit Union |
| Mar 1, 2023 | Freudenberg-Nok Employees Credit Union | Service Federal Credit Union |
| Mar 1, 2023 | Superior Savings Credit Union | Golden Circle Credit Union, Inc. |
| Mar 1, 2023 | Marriott Employees Federal Credit Union | Usalliance Federal Credit Union |
| Mar 1, 2023 | Faith Tabernacle Baptist Federal Credit Union | Sound Federal Credit Union |
| Mar 1, 2023 | Saint Anthony of New Bedford Federal Credit Union | Southcoast Federal Credit Union |
| Feb 25, 2023 | Citizens Bank and Trust Company | Southern Bank |
| Feb 21, 2023 | Muni-Employees Credit Union | River Community Credit Union |
| Feb 18, 2023 | Premier Bank of Arkansas | Uplift Bank |
| Feb 13, 2023 | Quantum Capital Corp. | HomeTrust Bancshares, Inc. |
| Feb 13, 2023 | Quantum National Bank | HomeTrust Bank |
| Feb 13, 2023 | Monona Bank | Lake Ridge Bank |
| Feb 11, 2023 | Wisconsin Bank & Trust | HTLF Bank |
| Feb 11, 2023 | Hometown Bancorp, Ltd. | Bank First Corporation |
| Feb 11, 2023 | Hometown Bank | Bank First, N.A. |
| Feb 2, 2023 | Bank of the West | BMO Bank N.A. |
| Feb 1, 2023 | HTM Area Credit Union | Superior Credit Union Inc |
| Feb 1, 2023 | Abilene Federal Credit Union | Texas Tech Federal Credit Union |
| Feb 1, 2023 | Huntington County Federal Credit Union | Public Service Credit Union |
| Feb 1, 2023 | Bear Paw Credit Union | Altana Federal Credit Union |
| Feb 1, 2023 | Mid Delta Federal Credit Union | Delta Federal Credit Union |
| Feb 1, 2023 | Town And Country Bank | Heartland Bank and Trust Company |
| Feb 1, 2023 | U S Court House SDNY Federal Credit Union | The Finest Federal Credit Union |
| Feb 1, 2023 | Bancwest Holding Inc. | BMO Financial Corp. |
| Feb 1, 2023 | Professional Holding Corp. | Seacoast Banking Corporation of Florida |
| Feb 1, 2023 | Professional Bank | Seacoast National Bank |
| Feb 1, 2023 | Community Bancshares, Inc. | Bradford Bancorp, Inc. |
| Feb 1, 2023 | Northwest Bancshares Corporation | Home Federal Bancorp, Inc. of Louisiana |
| Feb 1, 2023 | Town and Country Financial Corporation | HBT Financial, Inc. |
| Feb 1, 2023 | Centric Financial Corporation | First Commonwealth Financial Corporation |
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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