Calendar Year
2024 in US Banking
538 bank events are on record for 2024: 2 failures, 314 mergers or acquisitions involving a bank, credit union or bank holding company, and 222 enforcement actions.
2
Failures
$5.97B in failed assets
314
Mergers
Federal Reserve NIC, banking organizations
222
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 2024 · Bank mergers 2024
How many banks failed in 2024?
2 banks failed in 2024, with $5.97B in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Oct 18, 2024 | First NB of Lindsay | $107.8M |
| Apr 26, 2024 | Republic Bank | $5.87B |
Which banks merged in 2024?
314 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2024.
See the fuller list: Bank mergers 2024 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Dec 16, 2024 | Kennametal Orwell Employees Federal Credit Union | Lakeview Federal Credit Union |
| Dec 14, 2024 | First Minnetonka City Bank | Bridgewater Bank |
| Dec 14, 2024 | RiverWood Bank, National Association | National Bank of Commerce |
| Dec 14, 2024 | Great River Holding Company | Natcom BANCSHARES,INC. |
| Dec 13, 2024 | Texas Telcom Credit Union | America's Credit Union |
| Dec 10, 2024 | Bancshares of Ripley, Inc. | Security Bancshares, Inc. |
| Dec 10, 2024 | Bank of Ripley | Security Bank and Trust Company |
| Dec 7, 2024 | Harwood State Bank | Banknorth |
| Dec 7, 2024 | First Community Bank of the Ozarks | Table Rock Community Bank |
| Dec 5, 2024 | Bank of Orchard | Cornerstone Bank |
| Dec 2, 2024 | High Sierra Credit Union | Desert Valleys Federal Credit Union |
| Dec 1, 2024 | Kane County Teachers Credit Union | Consumers Credit Union |
| Dec 1, 2024 | Town and Country Credit Union | Community 1st Credit Union |
| Dec 1, 2024 | Enterprise Credit Union | Credit Union 1 |
| Dec 1, 2024 | MB Financial Center Land Owner LLC | Fifth Third Bank, N.A. |
| Dec 1, 2024 | MB Financial Center LLC | Fifth Third Bank, N.A. |
| Dec 1, 2024 | Washington Business Bank | Sound Credit Union |
| Dec 1, 2024 | Ashland Management Agency, LLC | Fifth Third Bank, N.A. |
| Dec 1, 2024 | Howard University Employees Federal Credit Union | Educational Systems Federal Credit Union |
| Dec 1, 2024 | Tri-Valley Services Federal Credit Union | Allegent Community Federal Credit Union |
| Dec 1, 2024 | Saint Paul Ame Zion Church Credit Union, Inc. | Greater Cleveland Community Credit Union, Inc |
| Dec 1, 2024 | La Crosse-Burlington Credit Union | Co-Op Credit Union |
| Dec 1, 2024 | B E T Federal Credit Union | Educational and Governmental Employees Federal Credit Union |
| Dec 1, 2024 | Latvian Heritage Federal Credit Union | Ignite Credit Union |
| Nov 30, 2024 | Guardian Savings Bank | Community Partners Savings Bank |
| Nov 16, 2024 | Freeland State Bank | Thumb Bank & Trust |
| Nov 16, 2024 | Mountain View Bank of Commerce | Academy Bank, N.A. |
| Nov 16, 2024 | Alliance Bank | The Bennington State Bank |
| Nov 16, 2024 | First Texas Bank | First Texas Bank |
| Nov 8, 2024 | Baltimore Washington Federal Credit Union | Five Star of Maryland Federal Credit Union |
| Nov 6, 2024 | Community First Bank | Henderson State Bank |
| Nov 2, 2024 | Chase Mortgage Holdings, Inc. | JPMorgan Chase Bank, N.A. |
| Nov 1, 2024 | Community Bank of the Bay | Commercial Bank of California |
| Nov 1, 2024 | First Caprock Bancshares, Inc. | Triple J Financial, Inc. |
| Nov 1, 2024 | Universal Coop Federal Credit Union | Caribe Federal Credit Union |
| Nov 1, 2024 | Tazewell County School Employees Credit Union | Cooperative Choice Network Credit Union |
| Nov 1, 2024 | Jay Bee Employees Federal Credit Union | First Commonwealth Federal Credit Union |
| Nov 1, 2024 | School District 218 Employees Federal Credit Union | Credit Union 1 |
| Nov 1, 2024 | Teamsters Credit Union | Michigan First Credit Union |
| Nov 1, 2024 | Scfe Credit Union, Inc. | Atomic Credit Union, Inc. |
| Nov 1, 2024 | South Louisiana Highway Federal Credit Union | Onpath Federal Credit Union |
| Nov 1, 2024 | Valley Hills Federal Credit Union | Arrowhead Federal Credit Union |
| Nov 1, 2024 | The Pataskala Banking Company | Peoples State Bank |
| Nov 1, 2024 | TSB Bank | Empeople Credit Union |
| Nov 1, 2024 | Prospectors Federal Credit Union | Certified Federal Credit Union |
| Nov 1, 2024 | Smart Federal Credit Union | Pathways Financial Credit Union, Inc. |
| Nov 1, 2024 | Purity Dairies Employees Federal Credit Union | Outreach Federal Credit Union |
| Nov 1, 2024 | Bay Community Bancorp | CBC Bancorp |
| Oct 26, 2024 | Commodore Financial Network, Inc. | North Valley Bancshares, Inc. |
| Oct 26, 2024 | Commodore Bank | North Valley Bank |
Enforcement Actions in 2024
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Dec 27, 2024 | FDIC | (individual) | FDIC Makes Public November Enforcement Actions |
| Dec 23, 2024 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Herrell, De'Anna |
| Dec 23, 2024 | SEC_8K | Finward Bancorp | 8-K Item 8.01: consent order |
| Dec 23, 2024 | OCC | Bank of America, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank of America, National Association |
| Dec 20, 2024 | OCC | Citizens Bank, N.A. | Prohibition/Removal Orders: Wu, David |
| Dec 20, 2024 | OCC | Citizens Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wu, David |
| Dec 20, 2024 | OCC | Bank of America, N.A. | 1829 Prohibition Notification: Qi, Zhenyi |
| Dec 19, 2024 | OCC | Wells Fargo Bank, N.A. | 1829 Prohibition Notification: Salomon, Jasmine |
| Dec 18, 2024 | OCC | PNC Bank, N.A. | Prohibition/Removal Orders: Singletary, Nakyra |
| Dec 18, 2024 | OCC | USAA Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): USAA Federal Savings Bank |
| Dec 17, 2024 | FRB | Equity Bank | Section 19 Letters: DeShawn L. Brim, Jr. |
| Dec 12, 2024 | OCC | TD Bank, N.A. | Prohibition/Removal Orders: Cooper, Justin |
| Dec 11, 2024 | OCC | Northfield Bancorp, MHC | Prohibition/Removal Orders: Nicholson, Isaiah |
| Dec 9, 2024 | OCC | Fifth Third Bank, N.A. | 1829 Prohibition Notification: Zivanovic, Ljiljana |
| Dec 9, 2024 | OCC | The First National Bank of Hebbronville | 1829 Prohibition Notification: Garza, Oneida |
| Dec 5, 2024 | OCC | TD Bank, N.A. | Prohibition/Removal Orders: Hernandez, Brian |
| Dec 4, 2024 | OCC | Fifth Third Bank, N.A. | Prohibition/Removal Orders: Meadows, Cassandra |
| Dec 4, 2024 Released Dec 19, 2024 | FRB | Lineage Financial Network, Inc. | Written Agreement: Lineage Financial Network, Franklin, Tennessee |
| Nov 29, 2024 | FDIC | (individual) | FDIC Makes Public October Enforcement Actions |
| Nov 25, 2024 Released Dec 3, 2024 | FRB | First of Murphysboro Corp. | Cease and Desist Order: First of Murphysboro Corp., Murphysboro, Illinois |
| Nov 21, 2024 | OCC | TD Bank, N.A. | Notice of Charges: De Leon, Armando |
| Nov 21, 2024 | OCC | Wells Fargo Bank, N.A. | Notice of Charges: Niedwiecky, Emily |
| Nov 20, 2024 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Pialet, Wendell |
| Nov 18, 2024 Released Nov 21, 2024 | FRB | Heartland Tri-State Bank | Prohibition from Banking: Shan Hanes |
| Nov 13, 2024 Released Nov 19, 2024 | FRB | Small Business Bank | Cease and Desist Order: Small Business Bank, Lenexa, Kansas |
| Nov 13, 2024 Released Nov 19, 2024 | FRB | Industry Bancshares, Inc. | Cease and Desist Order: Industry Bancshares, Inc., Industry, Texas |
| Nov 12, 2024 | OCC | The First National Bank of Williamson | Formal Agreement: The First National Bank of Williamson |
| Nov 12, 2024 | OCC | The Fairfield National Bank | Formal Agreement: The Fairfield National Bank |
| Nov 7, 2024 | SEC_8K | Finward Bancorp | 8-K Item 7.01: consent order |
| Nov 1, 2024 Released Nov 12, 2024 | FRB | Nano Banc | Prohibition from Banking: James T. Chung |
| Nov 1, 2024 Released Nov 12, 2024 | FRB | Allegiant United Holdings, LLC | Prohibition from Banking, Civil Money Penalty: Anthony R. Gressak III |
| Oct 29, 2024 | OCC | Midstates Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lafrentz, Dean |
| Oct 28, 2024 | SEC_8K | First Northwest Bancorp | 8-K Item 8.01: consent order |
| Oct 25, 2024 | FDIC | (individual) | FDIC Makes Public September Enforcement Actions |
| Oct 24, 2024 | OCC | Wells Fargo Bank, N.A. | 1829 Prohibition Notification: Thompson, Ulyssia |
| Oct 23, 2024 | OCC | U.S. Bank N.A. | 1829 Prohibition Notification: White, Jeffrey |
| Oct 22, 2024 | OCC | Hiawatha National Bank | Formal Agreement: Hiawatha National Bank |
| Oct 22, 2024 | OCC | Citibank, N.A. | Prohibition/Removal Orders: Saw, Clarice |
| Oct 21, 2024 | OCC | The First National Bank of Bellville | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Bellville |
| Oct 21, 2024 Released Oct 24, 2024 | FRB | U & I Financial Corp. | Written Agreement: U & I Financial Corp., Lynnwood, Washington and UniBank, Lynnwood, Washington |
| Oct 21, 2024 | OCC | Bank of Brenham, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank of Brenham, National Association |
| Oct 21, 2024 | OCC | The First National Bank of Shiner | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Shiner |
| Oct 16, 2024 | OCC | The National Bank of Coxsackie | Formal Agreement: The National Bank of Coxsackie |
| Oct 11, 2024 | SEC_8K | Finward Bancorp | 8-K Item 8.01: consent order |
| Oct 9, 2024 | OCC | TD Bank USA, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): TD Bank USA, National Association |
| Oct 9, 2024 | OCC | TD Bank USA, N.A. | Civil Money Penalty (CMP): TD Bank USA, National Association |
| Oct 9, 2024 | OCC | TD Bank, N.A. | Civil Money Penalty (CMP): TD Bank, National Association |
| Oct 9, 2024 | OCC | TD Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): TD Bank, National Association |
| Oct 9, 2024 Released Oct 10, 2024 | FRB | The Toronto-Dominion Bank | Cease and Desist Order, Civil Money Penalty: Toronto-Dominion Bank, Toronto, Canada; TD Group U.S. … |
| Oct 8, 2024 | OCC | Clear Fork Bank N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Clear Fork Bank, National Association |
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