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 |
|---|---|---|
| Mar 1, 2024 | Mountain Empire Federal Credit Union | United Southeast Federal Credit Union |
| Mar 1, 2024 | Luther Burbank Savings | WaFd Bank |
| Mar 1, 2024 | Pasadena Service Federal Credit Union | Pasadena Federal Credit Union |
| Mar 1, 2024 | Maumee Educators Federal Credit Union | Educational Community Alliance Credit Union |
| Mar 1, 2024 | Avoyelles Parish School Board Employees Federal Credit Union | Heart of Louisiana Federal Credit Union |
| Mar 1, 2024 | Luther Burbank Corporation | WaFd, Inc. |
| Mar 1, 2024 | Lafayette Bancorp, Inc. | Guaranty Capital Corporation |
| Mar 1, 2024 | 121 Financial Credit Union | Vystar Credit Union |
| Mar 1, 2024 | McKeesport Bell Federal Credit Union | Allegent Community Federal Credit Union |
| Mar 1, 2024 | Aventa Credit Union | Blue Federal Credit Union |
| Feb 29, 2024 | Galveston School Employees Federal Credit Union | Coastal Community Federal Credit Union |
| Feb 24, 2024 | Bergen Division Federal Credit Union | N.J.T. Employees Federal Credit Union |
| Feb 22, 2024 | Interstate Federal Savings and Loan Association of McGregor | Peoples State Bank |
| Feb 17, 2024 | Mars Bank | NexTier Bank, N.A. |
| Feb 17, 2024 | Mars Bancorp, Inc. | NexTier Incorporated |
| Feb 17, 2024 | The First National Bank at Paris | Union Bank |
| Feb 10, 2024 | Cambridge State Bank | Security Bank & Trust Company |
| Feb 10, 2024 | Rockhold Bancorp | Equity Bancshares, Inc. |
| Feb 10, 2024 | Bank of Kirksville | Equity Bank |
| Feb 10, 2024 | Financial Security Bank | Bravera Bank |
| Feb 5, 2024 | State Bank of Odell | Heartland Bank |
| Feb 1, 2024 | Mutual Savings Bank | Oconee Federal Savings and Loan Association |
| Feb 1, 2024 | Community Financial Group, Inc. | Glacier Bancorp, Inc. |
| Feb 1, 2024 | Denver Bankshares, Inc. | Midwestone Financial Group, Inc. |
| Feb 1, 2024 | YS Federal Credit Union | Bridge Credit Union Inc. |
| Feb 1, 2024 | The Bank of Denver | MidWestOne Bank |
| Feb 1, 2024 | Lubbock Telco Federal Credit Union | Texas Tech Federal Credit Union |
| Feb 1, 2024 | Otero County Teachers Federal Credit Union | Fellowship Credit Union |
| Feb 1, 2024 | Wheatland Bank | Glacier Bank |
| Jan 27, 2024 | Farmers-Merchants Bank of Illinois | Merchants Bank of Indiana |
| Jan 27, 2024 | State Bank of Brooks | Union State Bank |
| Jan 23, 2024 | Priority Postal Credit Union | Essential Credit Union |
| Jan 17, 2024 | Sunsouth Bank | All in Federal Credit Union |
| Jan 3, 2024 | Wake Forest Federal Savings and Loan Association | Piedmont Federal Savings Bank |
| Jan 1, 2024 | Tuscaloosa County Credit Union | Alabama Credit Union |
| Jan 1, 2024 | Parkside Credit Union | True Community Credit Union |
| Jan 1, 2024 | Midwest Carpenters & Millwrights Federal Credit Union | Credit Union 1 |
| Jan 1, 2024 | Acushnet Federal Credit Union | Taunton Federal Credit Union |
| Jan 1, 2024 | New Pilgrim Federal Credit Union | Hope Federal Credit Union |
| Jan 1, 2024 | Northpark Community Credit Union | Centra Credit Union |
| Jan 1, 2024 | Gpa Credit Union | Georgia Heritage Federal Credit Union |
| Jan 1, 2024 | United Methodist of Mississippi Federal Credit Union | Brightview Federal Credit Union |
| Jan 1, 2024 | Kankakee Terminal Belt Credit Union | Credit Union 1 |
| Jan 1, 2024 | Muskegon Patternmakers Federal Credit Union | Service 1 Federal Credit Union |
| Jan 1, 2024 | Hampton V a Federal Credit Union | Healthcare Systems Federal Credit Union |
| Jan 1, 2024 | Electric Utilities Credit Union | Alliance Credit Union |
| Jan 1, 2024 | Enterprise Credit Union | Kansas State University Federal Credit Union |
| Jan 1, 2024 | Greenbelt Federal Credit Union | Prince George's Community Federal Credit Union |
| Jan 1, 2024 | Freedom Community Credit Union | United Savings Credit Union |
| Jan 1, 2024 | Federal Employees of Chippewa County Credit Union | U.P. State 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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