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 |
|---|---|---|
| Sep 1, 2024 | Spco Credit Union | First Service Credit Union |
| Sep 1, 2024 | Relyon Credit Union | Neighborhood Credit Union |
| Sep 1, 2024 | Algonquin State Bank | Michigan State University Federal Credit Union |
| Sep 1, 2024 | Pinnacle Credit Union | Peach State Federal Credit Union |
| Sep 1, 2024 | McHenry Savings Bank | Michigan State University Federal Credit Union |
| Aug 31, 2024 | Security Bank | Bank of Salem |
| Aug 31, 2024 | Tanner Employees Credit Union | Utah First Federal Credit Union |
| Aug 24, 2024 | Cornerstone Bank | The Bank of Princeton |
| Aug 24, 2024 | Cornerstone Financial Corporation | Princeton Bancorp, Inc. |
| Aug 21, 2024 | Rediform Niagara Falls NY Federal Credit Union | Encompass Niagara Federal Credit Union |
| Aug 17, 2024 | Local 520 U a Federal Credit Union | Hershey Federal Credit Union |
| Aug 15, 2024 | Christ the King Parish Federal Credit Union | Midwest Regional Credit Union |
| Aug 1, 2024 | CBB Bancorp | Southern States Bancshares, Inc. |
| Aug 1, 2024 | Century Bank of Georgia | Southern States Bank |
| Aug 1, 2024 | Macatawa Bank Corporation | Wintrust Financial Corporation |
| Aug 1, 2024 | Community First Bancorporation | Dogwood State Bank |
| Aug 1, 2024 | Community First Bank, Inc. | Dogwood State Bank |
| Aug 1, 2024 | Member One Federal Credit Union | Virginia Federal Credit Union |
| Aug 1, 2024 | Anoka Hennepin Credit Union | Topline Financial Credit Union |
| Aug 1, 2024 | Creighton Federal Credit Union | Cobalt Federal Credit Union |
| Aug 1, 2024 | California Bancorp | California Bancorp |
| Aug 1, 2024 | California Bank of Commerce | California Bank of Commerce, N.A. |
| Jul 31, 2024 | Arizona Copper Federal Credit Union | American Southwest Credit Union |
| Jul 13, 2024 | Cambridge Trust Company | Eastern Bank |
| Jul 13, 2024 | Wayland State Bank | Pilot Grove Savings Bank |
| Jul 13, 2024 | Cambridge Bancorp | Eastern Bankshares Inc |
| Jul 8, 2024 | Multipli Credit Union | Multipli Federal Credit Union |
| Jul 3, 2024 | Community State Bank | Solutions North Bank |
| Jul 3, 2024 | Coffeyville Bancorp, Inc. | Stockton Bancshares, Inc. |
| Jul 2, 2024 | Kansasland Bancshares, Inc. | Equity Bancshares, Inc. |
| Jul 2, 2024 | KansasLand Bank | Equity Bank |
| Jul 1, 2024 | Peoples Energy Credit Union | Earthmover Credit Union |
| Jul 1, 2024 | Laneco Federal Credit Union | Central Willamette Credit Union |
| Jul 1, 2024 | Edison Credit Union | Communityamerica Federal Credit Union |
| Jul 1, 2024 | MM Employees Federal Credit Union | Montana Educators' Credit Union |
| Jul 1, 2024 | FNCB Bank | Peoples Security Bank and Trust Company |
| Jul 1, 2024 | Neosho School Employees Credit Union | Legacy Credit Union |
| Jul 1, 2024 | State Bank of Danvers | Lake Central Bank |
| Jul 1, 2024 | Cemc Employees Credit Union | Gateway Credit Union |
| Jul 1, 2024 | PeoplesBank, a Codorus Valley Company | Orrstown Bank |
| Jul 1, 2024 | Changing Seasons Federal Credit Union | University Credit Union |
| Jul 1, 2024 | Law Enforcement & Technology Federal Credit Union | Justice Federal Credit Union |
| Jul 1, 2024 | SimplyBank. | First Financial Bank, N.A. |
| Jul 1, 2024 | Parkview Community Federal Credit Union | Clearview Federal Credit Union |
| Jul 1, 2024 | Rochester Area State Employees Federal Credit Union | Rochester & Monroe County Employees Federal Credit Union |
| Jul 1, 2024 | Reading Mass Town Employees Federal Credit Union | Stoneham Municipal Employees Federal Credit Union |
| Jul 1, 2024 | Ignite Credit Union | Ignite Credit Union |
| Jul 1, 2024 | Wellness Federal Credit Union | American Eagle Financial Credit Union, Inc. |
| Jul 1, 2024 | Florida Rural Electric Credit Union | Calhoun Liberty Credit Union |
| Jul 1, 2024 | Springdale P P G Federal Credit Union | PPG & Associates Federal Credit Union |
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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