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 |
|---|---|---|---|
| Oct 3, 2024 | OCC | Axiom Bank, N.A. | Formal Agreement: Axiom Bank, National Association |
| Sep 30, 2024 Released Oct 3, 2024 | FRB | Opportunity Bank of Montana | Civil Money Penalty: Opportunity Bank of Montana, Helena, Montana |
| Sep 30, 2024 Released Oct 3, 2024 | FRB | First Wyoming Bank - Jackson Hole | Cease and Desist Order: Lindsay Graves |
| Sep 27, 2024 | FDIC | (individual) | FDIC Makes Public August Enforcement Actions |
| Sep 26, 2024 | OCC | U.S. Bank N.A. | Prohibition/Removal Orders: Day, Alexis |
| Sep 25, 2024 | OCC | The First National Bank of Waverly | Formal Agreement: The First National Bank of Waverly |
| Sep 24, 2024 | OCC | Citibank, N.A. | Prohibition/Removal Orders: Cortez, Tanya |
| Sep 18, 2024 | SEC_8K | Finward Bancorp | 8-K Item 7.01: consent order |
| Sep 17, 2024 | OCC | The First National Bank of Dennison, Ohio | Formal Agreement: The First National Bank of Dennison |
| Sep 17, 2024 | OCC | First National Bank of Lake Jackson | Formal Agreement: First National Bank of Lake Jackson |
| Sep 16, 2024 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Kornegay, Leronne |
| Sep 12, 2024 | OCC | Wells Fargo Bank, N.A. | Formal Agreement: Wells Fargo Bank, National Association |
| Sep 5, 2024 | SEC_8K | Finward Bancorp | 8-K Item 5.02: consent order |
| Sep 5, 2024 | SEC_8K | Finward Bancorp | 8-K Item 7.01: consent order |
| Sep 4, 2024 Released Sep 11, 2024 | FRB | Fieldpoint Private Holdings, Inc. | Written Agreement: Fieldpoint Private Holdings, Inc., Greenwich, Connecticut and Fieldpoint Private Bank and Trust, … |
| Aug 30, 2024 | FDIC | (individual) | FDIC Makes Public July Enforcement Actions |
| Aug 29, 2024 Released Sep 4, 2024 | FRB | United Texas Bank, N.A. | Cease and Desist Order: United Texas Bank, Dallas, Texas |
| Aug 28, 2024 Released Sep 4, 2024 | FRB | First Interstate Bank | Civil Money Penalty: First Interstate Bank, Billings, Montana |
| Aug 27, 2024 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Aikens, Natasha |
| Aug 26, 2024 | OCC | U.S. Bank N.A. | 1829 Prohibition Notification: Miller, Sarah |
| Aug 26, 2024 | OCC | Frontier Bank | 1829 Prohibition Notification: Henrichs, Shawna |
| Aug 23, 2024 | SEC_8K | RBB Bancorp | 8-K Item 8.01: consent order |
| Aug 15, 2024 | SEC_8K | Kentucky First Federal Bancorp | 8-K Item 9.01: written agreement |
| Aug 15, 2024 | SEC_8K | Kentucky First Federal Bancorp | 8-K Item 1.01: written agreement |
| Aug 13, 2024 | OCC | First Federal Savings Bank of Kentucky | Formal Agreement: First Federal Savings Bank of Kentucky |
| Aug 13, 2024 | SEC_8K | Finward Bancorp | 8-K Item 5.02: written agreement |
| Aug 7, 2024 Released Aug 15, 2024 | FRB | Bank of Eufaula | Written Agreement: SNB Bancshares, Inc., Eufaula, Oklahoma, and Bank of Eufaula, Eufaula, Oklahoma |
| Aug 6, 2024 Released Aug 15, 2024 | FRB | Heritage Bancshares Group, Inc. | Written Agreement: Heritage Bancshares Group Inc. Employee Stock Ownership Plan and Trust, Spicer, Minnesota … |
| Aug 5, 2024 Released Aug 8, 2024 | FRB | Customers Bancorp, Inc | Written Agreement: Customers Bancorp, Inc., West Reading, Pennsylvania and Customers Bank, Malvern, Pennsylvania |
| Aug 2, 2024 | OCC | Citibank, N.A. | Prohibition/Removal Orders: Lewis, Lexus |
| Aug 1, 2024 | OCC | PNC Bank, N.A. | Prohibition/Removal Orders: Salazar, Maria |
| Aug 1, 2024 | OCC | TD Bank, N.A. | Prohibition/Removal Orders: Gomes, James |
| Jul 31, 2024 | OCC | Washington Federal Bank for Savings | 1829 Prohibition Notification: Weston, Janice |
| Jul 31, 2024 | OCC | Washington Federal Bank for Savings | 1829 Prohibition Notification: Kozdemba, George |
| Jul 29, 2024 | OCC | JPMorgan Chase Bank, N.A. | Notice of Charges: Garcia, Roberto |
| Jul 26, 2024 | FDIC | (individual) | FDIC Makes Public June Enforcement Actions |
| Jul 26, 2024 | OCC | Slovenian Savings & Loan Association of Franklin-Conemaugh | Formal Agreement: Slovenian S&LA of Franklin-Conemaugh |
| Jul 25, 2024 | OCC | 1st National Bank | Formal Agreement: 1st National Bank |
| Jul 23, 2024 | OCC | Maple City Savings Bank, FSB | Formal Agreement: Maple City Savings Bank, FSB |
| Jul 22, 2024 | SEC_8K | Generations Bancorp NY, Inc. | 8-K Item 1.01: written agreement |
| Jul 19, 2024 | FRB | Green Dot Bank | Cease and Desist Order, Civil Money Penalty: Green Dot Bank, Provo, Utah and Green … |
| Jul 19, 2024 | SEC_8K | Green Dot Corporation | 8-K Item 9.01: consent order |
| Jul 19, 2024 | SEC_8K | Green Dot Corporation | 8-K Item 8.01: consent order |
| Jul 19, 2024 | OCC | Generations Bank | Formal Agreement: Generations Bank |
| Jul 18, 2024 Released Jul 23, 2024 | FRB | North Shore Bank of Commerce | Civil Money Penalty: North Shore Bank of Commerce, Duluth, Minnesota |
| Jul 16, 2024 Released Jul 19, 2024 | FRB | Jiko Group, Inc. | Cease and Desist Order: Jiko Group Inc., San Francisco, California |
| Jul 10, 2024 | FRB | Citigroup Inc. | Civil Money Penalty: Citigroup, Inc., New York, New York |
| Jul 10, 2024 | OCC | Citibank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citibank, N.A. |
| Jul 10, 2024 | OCC | Citibank, N.A. | Civil Money Penalty (CMP): Citibank, N.A. |
| Jul 9, 2024 | SEC_8K | Fifth Third Bancorp | 8-K Item 9.01: consent order |
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