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 |
|---|---|---|
| Feb 1, 2023 | Marathon Republic Federal Credit Union | Gulf Shore Federal Credit Union |
| Feb 1, 2023 | Klamath Public Employees Federal Credit Union | Sage Federal Credit Union |
| Feb 1, 2023 | Alps Federal Credit Union | Tongass Federal Credit Union |
| Feb 1, 2023 | Community Trust Bank | The Bradford National Bank of Greenville |
| Feb 1, 2023 | Centric Bank | First Commonwealth Bank |
| Feb 1, 2023 | First National Bank of Benton | Home Federal Bank |
| Feb 1, 2023 | United Credit Union | Heartland Credit Union |
| Feb 1, 2023 | Borger Federal Credit Union | Santa Fe Federal Credit Union |
| Jan 30, 2023 | T & FS Employee Credit Union | Openland Credit Union |
| Jan 26, 2023 | Colorado County Investment Holdings, Inc. | Central Texas Bankshare Holdings, Inc. |
| Jan 26, 2023 | Hill Bancshares of Delaware, Inc. | Central Texas Bankshare Holdings, Inc. |
| Jan 26, 2023 | Hill Bancshare Holdings, Inc. | Central Texas Bankshare Holdings, Inc. |
| Jan 21, 2023 | Citizens Bancshares Co. | Southern Missouri Bancorp, Inc. |
| Jan 21, 2023 | First Savanna Savings Bank | Citizens State Bank |
| Jan 18, 2023 | Redwood Aviation Company | KeyCorp |
| Jan 14, 2023 | Farmers Bankshares, Inc. | TowneBank |
| Jan 14, 2023 | Binsy Federal Credit Union | Southern Security Federal Credit Union |
| Jan 14, 2023 | Farmers Bank | TowneBank |
| Jan 10, 2023 | The Bank of Burlington | Farmers & Merchants Bank of Colby |
| Jan 7, 2023 | First Coast Federal Credit Union | Vystar Credit Union |
| Jan 3, 2023 | H&H Federal Credit Union | Education Credit Union |
| Jan 3, 2023 | La Monte Community Bank | Bank of Odessa |
| Jan 3, 2023 | Progress Financial Corporation | United Community Banks, Inc. |
| Jan 3, 2023 | Progress Bank and Trust | United Community Bank |
| Jan 3, 2023 | First Class Federal Credit Union | Allentown Federal Credit Union |
| Jan 3, 2023 | Commercial Bank of Oak Grove, Mo. | Bank of Odessa |
| Jan 3, 2023 | Rheem Arkansas Federal Credit Union | Arkansas Federal Credit Union |
| Jan 2, 2023 | Clarke Community Federal Credit Union | Azalea City Credit Union |
| Jan 1, 2023 | Exchange State Bank Corp. | Thumb Bancorp, Inc. |
| Jan 1, 2023 | Community Bancshares of Wisconsin, Inc. | Sword Financial Corporation |
| Jan 1, 2023 | Emclaire Financial Corp | Farmers National Banc Corp. |
| Jan 1, 2023 | Dow Jones Employees Federal Credit Union | Central Jersey Federal Credit Union |
| Jan 1, 2023 | Warren Credit Union | Veridian Credit Union |
| Jan 1, 2023 | Parsons Federal Credit Union | Skyla Federal Credit Union |
| Jan 1, 2023 | Parkway Federal Credit Union | Michigan Columbus Federal Credit Union |
| Jan 1, 2023 | Hayward Community Credit Union | Superior Choice Credit Union |
| Jan 1, 2023 | First Iowa State Bank | First Iowa State Bank |
| Jan 1, 2023 | Missouri Valley Federal Credit Union | West Community Credit Union |
| Jan 1, 2023 | Mechanics Bank | BankFirst Financial Services |
| Jan 1, 2023 | US Weather Bureau NY Federal Credit Union | Department of Commerce Federal Credit Union |
| Jan 1, 2023 | River Bend Federal Credit Union | Communitywide Federal Credit Union |
| Jan 1, 2023 | Rivertown Community Federal Credit Union | Ignite Credit Union |
| Jan 1, 2023 | Heritage Southeast Bank | The First Bank |
| Jan 1, 2023 | Exchange State Bank | Thumb Bank & Trust |
| Jan 1, 2023 | Ibew Community Federal Credit Union | Wellspring Federal Credit Union |
| Jan 1, 2023 | The Hub-Co Co Credit Union | Aim Credit Union |
| Jan 1, 2023 | N.W. Iowa Credit Union | Cent Credit Union |
| Jan 1, 2023 | K a H Credit Union | Aim Credit Union |
| Jan 1, 2023 | Vermont State Employees Credit Union | Eastrise Federal Credit Union |
| Jan 1, 2023 | Mount Lebanon Federal Credit Union | Securityplus Federal 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 |
Browse adjacent years: 2022 · 2024
Or jump to a category: Failures · Mergers · Enforcement · Assistance