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 |
|---|---|---|---|
| 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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