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 |
|---|---|---|
| Sep 1, 2023 | The Piqua State Bank | Bank of Commerce |
| Sep 1, 2023 | Wakefield Town Employees Federal Credit Union | Stoneham Municipal Employees Federal Credit Union |
| Sep 1, 2023 | Brewton Mill Federal Credit Union | Alabama One Credit Union |
| Sep 1, 2023 | First Century Federal Credit Union | Voyage Federal Credit Union |
| Sep 1, 2023 | Simplot Employees Credit Union | Simplot Credit Union |
| Sep 1, 2023 | Vision Financial Group | Civista Bank |
| Sep 1, 2023 | Savastate Teachers Federal Credit Union | Membersfirst Credit Union |
| Aug 31, 2023 | Yonkers Postal Employees Credit Union | Rockland Employees Federal Credit Union |
| Aug 30, 2023 | The Alden State Bank | Bank of the Plains |
| Aug 28, 2023 | Longview Bank and Trust | Longview Bank |
| Aug 21, 2023 | New Mexico Bank & Trust | HTLF Bank |
| Aug 19, 2023 | Peoples Bancshares of Pointe Coupee Parish, Inc. | Synergy Bancshares, Inc. |
| Aug 19, 2023 | Boundary Waters Bank | Highland Bank |
| Aug 19, 2023 | The Peoples Bank and Trust Company of Pointe Coupee Parish, Louisiana | Synergy Bank |
| Aug 16, 2023 | Blackhawk Bancorp, Inc. | First Mid Bancshares, Inc. |
| Aug 16, 2023 | Rockhold Bank | Buckeye State Bank |
| Aug 16, 2023 | Rockhold Bancshares, Inc. | Buckeye State Bancshares Inc |
| Aug 15, 2023 | J & M Bancshares, Inc. | WSB Financial, Inc. |
| Aug 12, 2023 | Salisbury Bancorp, Inc. | NBT Bancorp Inc. |
| Aug 12, 2023 | Nelsonville Home and Savings | The Farmers Bank and Savings Company |
| Aug 12, 2023 | Salisbury Bank and Trust Company | NBT Bank, N.A. |
| Aug 3, 2023 | Spearman Financial Corp | Spearman Bancshares, Inc. |
| Aug 3, 2023 | Lewellen National Corp. | 1905 Nekota Bankcorp, Inc. |
| Aug 1, 2023 | Federal Life Employees Credit Union | Northwest Community Credit Union |
| Aug 1, 2023 | N G P L Employees Credit Union | Midland Credit Union |
| Aug 1, 2023 | I B E W 116 Federal Credit Union | Carter Federal Credit Union |
| Aug 1, 2023 | Dividend Solar Finance LLC | Fifth Third Bank, N.A. |
| Aug 1, 2023 | Bay-Vanguard, MHC | BV Financial, Inc. |
| Aug 1, 2023 | Canyon Bancorporation, Inc. | Crossfirst Bankshares, Inc. |
| Aug 1, 2023 | Canyon Community Bank, National Association | CrossFirst Bank |
| Aug 1, 2023 | Monrovia City Employees Federal Credit Union | Foothill Federal Credit Union |
| Aug 1, 2023 | Penn Wilco Federal Credit Union | Earning Tree Federal Credit Union |
| Aug 1, 2023 | Saints Margaret & Gregory Federal Credit Union | All Saints Federal Credit Union |
| Aug 1, 2023 | Elberton Federal Savings and Loan Association | Oconee State Bank |
| Jul 31, 2023 | Midwest Community Credit Union | Siouxland Federal Credit Union |
| Jul 29, 2023 | Connections Bancshares, Inc. | Wells Bancshares, Inc. |
| Jul 22, 2023 | Colchester State Bank | Land of Lincoln Credit Union |
| Jul 21, 2023 | HSB Financial Corp. | First Financial Corporation |
| Jul 17, 2023 | The Village Bank | First National Bank of Waterloo |
| Jul 17, 2023 | Malvern Bancorp, Inc | First Bank |
| Jul 17, 2023 | Malvern Bank N.A. | First Bank |
| Jul 15, 2023 | Rocky Mountain Bank | HTLF Bank |
| Jul 15, 2023 | Craftmaster Federal Credit Union | Ingersoll-Rand Federal Credit Union |
| Jul 13, 2023 | I W U Federal Credit Union | Illinois State Credit Union |
| Jul 12, 2023 | Valley Exchange Bank | American Bank & Trust |
| Jul 8, 2023 | Gates Banking and Trust Company | Bank of Crockett |
| Jul 6, 2023 | Beulah Federal Credit Union | Consumers Federal Credit Union |
| Jul 3, 2023 | Sweeny Teachers Federal Credit Union | Gulf Coast Educators Federal Credit Union |
| Jul 1, 2023 | Saginaw County Employees Credit Union | Consumers Professional Credit Union |
| Jul 1, 2023 | First Connecticut Credit Union | Finex Credit Union |
Enforcement Actions in 2023
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Dec 29, 2023 | FDIC | (individual) | FDIC Makes Public November Enforcement Actions |
| Dec 26, 2023 | SEC_8K | Finward Bancorp | 8-K Item 8.01: consent order |
| Dec 20, 2023 | OCC | Midstates Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Walter, David |
| Dec 20, 2023 | OCC | Midstates Bank, N.A. | Civil Money Penalty (CMP): Walter, David |
| Dec 20, 2023 | OCC | Bank of Brenham, National Association | Notice of Charges: Bank of Brenham, National Association |
| Dec 20, 2023 | OCC | The First National Bank of Bellville | Notice of Charges: The First National Bank of Bellville |
| Dec 20, 2023 | OCC | The First National Bank of Shiner | Notice of Charges: The First National Bank of Shiner |
| Dec 20, 2023 | OCC | Washington Federal Bank for Savings | 1829 Prohibition Notification: Fong, Brian |
| Dec 19, 2023 | OCC | U.S. Bank N.A. | Civil Money Penalty (CMP): U.S. Bank National Association |
| Dec 19, 2023 | OCC | (individual) | Formal Agreement: Jackson FS & LA |
| Dec 15, 2023 Released Dec 19, 2023 | FRB | Marblehead Bancorp | Written Agreement: Marblehead Bancorp, Marblehead, Ohio and Marblehead Bank, Marblehead, Ohio |
| Dec 14, 2023 | OCC | American National Bank of Minnesota | 1829 Prohibition Notification: McKay, Carol |
| Dec 14, 2023 | FRB | (individual) | Section 19 Letters: Mhieka-Raehan Lewis |
| Dec 7, 2023 | SEC_8K | Atlantic Union Bankshares Corporation | 8-K Item 8.01: consent order |
| Dec 7, 2023 | SEC_8K | Atlantic Union Bankshares Corporation | 8-K Item 9.01: consent order |
| Dec 4, 2023 | OCC | Santander Bank, N.A. | Prohibition/Removal Orders: Cantos, Giacomo |
| Nov 24, 2023 | SEC_8K | First Northwest Bancorp | 8-K Item 8.01: consent order |
| Nov 24, 2023 | FDIC | (individual) | FDIC Makes Public October Enforcement Actions |
| Nov 24, 2023 | SEC_8K | First Northwest Bancorp | 8-K Item 9.01: consent order |
| Nov 21, 2023 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Rodriguez Arango, Marco |
| Nov 17, 2023 Released Nov 21, 2023 | FRB | Arvest Bank | Prohibition from Banking: Chandlar Groce |
| Nov 16, 2023 | OCC | North Side Federal Savings and Loan Association of Chicago | Formal Agreement: North Side FS & LA of Chicago |
| Nov 16, 2023 | OCC | The Upstate National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Upstate National Bank |
| Nov 15, 2023 | OCC | TD Bank USA, N.A. | Prohibition/Removal Orders: Elkhebri, Mouaaz |
| Nov 14, 2023 | OCC | B2 Bank N.A. | Formal Agreement: B2 Bank National Association |
| Nov 8, 2023 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Figueroa, Luis |
| Nov 8, 2023 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Vasquez, Carlos |
| Nov 8, 2023 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Reyna, Stephen |
| Nov 8, 2023 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Lora Aguilera, Leopoldo |
| Nov 8, 2023 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Henderson, Arlando |
| Nov 8, 2023 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Espinosa, Marily |
| Nov 8, 2023 | OCC | Citibank, N.A. | Prohibition/Removal Orders: Caldwell, Helen |
| Nov 3, 2023 | OCC | BMO Bank N.A. | Prohibition/Removal Orders: Walker, Terry |
| Nov 2, 2023 | OCC | The Huntington National Bank | 1829 Prohibition Notification: Brown, Jr., Larry |
| Nov 2, 2023 | OCC | PNC Bank, N.A. | 1829 Prohibition Notification: Brown, Jr., Larry |
| Oct 31, 2023 | OCC | United Fidelity Bank, FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): United Fidelity Bank, F.S.B. |
| Oct 31, 2023 | SEC_8K | RBB Bancorp | 8-K Item 8.01: consent order |
| Oct 31, 2023 | SEC_8K | RBB Bancorp | 8-K Item 9.01: consent order |
| Oct 27, 2023 | FDIC | (individual) | FDIC Makes Public September Enforcement Actions |
| Oct 27, 2023 | OCC | Heritage Bank, N.A. | Formal Agreement: Heritage Bank, National Association |
| Oct 23, 2023 | OCC | Vast Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Vast Bank, National Association |
| Oct 19, 2023 | SEC_8K | Metropolitan Bank Holding Corp. | 8-K Item 8.01: cease and desist |
| Oct 19, 2023 | SEC_8K | Metropolitan Bank Holding Corp. | 8-K Item 9.01: cease and desist |
| Oct 17, 2023 | SEC_8K | TrustCo Bank Corp NY | 8-K Item 5.03: civil money penalty |
| Oct 16, 2023 | OCC | Winter Hill Bank, FSB | Prohibition/Removal Orders: Perez, Yecenia |
| Oct 16, 2023 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Lam, Cheung |
| Oct 16, 2023 Released Oct 19, 2023 | FRB | Metropolitan Commercial Bank | Cease and Desist Order, Civil Money Penalty: Metropolitan Commercial Bank, New York, New York |
| Oct 13, 2023 | OCC | Gate City Bank | 1829 Prohibition Notification: Baughcum, Brock |
| Oct 13, 2023 | OCC | Citibank, N.A. | Notice of Charges: Caldwell, Helen |
| Oct 11, 2023 | OCC | EH National Bank | Formal Agreement: EH National Bank |
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