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 |
|---|---|---|
| Jan 1, 2023 | Community Alliance Credit Union | People Driven Credit Union |
| Jan 1, 2023 | Potomac Federal Credit Union | Wepco Federal Credit Union |
| Jan 1, 2023 | U T U Federal Credit Union | Best Reward Federal Credit Union |
| Jan 1, 2023 | Dakota Telco Federal Credit Union | United Savings Credit Union |
| Jan 1, 2023 | The Farmers National Bank of Emlenton | The Farmers National Bank of Canfield |
| Jan 1, 2023 | Regent Executive Center I, LLC | Regent Bank |
| Jan 1, 2023 | PCSB Financial Corporation | Brookline Bancorp, Inc. |
| Jan 1, 2023 | Lincolnway Community Bank | Covantage Credit Union |
| Jan 1, 2023 | Mechanics Banc Holding Company | BankFirst Capital Corporation |
| Jan 1, 2023 | Grandsouth Bancorporation | First Bancorp |
| Jan 1, 2023 | First Citrus Bank | Dfcu Financial |
| Jan 1, 2023 | GrandSouth Bank | First Bank |
| Jan 1, 2023 | Heritage Southeast Bancorporation, Inc. | The First Bancshares, Inc. |
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 |
Browse adjacent years: 2022 · 2024
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