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 |
|---|---|---|
| Jan 1, 2024 | Decatur Medical Dental Credit Union | United Equity Credit Union |
| Jan 1, 2024 | Bank of Morton | Bank of Commerce |
| Jan 1, 2024 | Mount Carmel Church Federal Credit Union | Shell Federal Credit Union |
| Jan 1, 2024 | Hiway Credit Union | Blaze Credit Union |
| Jan 1, 2024 | Waconized Federal Credit Union | 1st University Credit Union |
| Jan 1, 2024 | Columbia Trust Company | Columbia Bank |
| Jan 1, 2024 | Chippewa County Credit Union | U.P. State Credit Union |
| Jan 1, 2024 | Security Bancshares Co. | Flagship Financial Group, Inc. |
| Jan 1, 2024 | Lake Community Bank | Midcountry Bank |
| Jan 1, 2024 | Morton Bancorp, Inc. | Commerce Bancorp, Inc |
| Jan 1, 2024 | Huntington Technology Finance, Inc. | The Huntington National Bank |
| Jan 1, 2024 | South Shore Bancorp, Inc. | 1831 Bancorp Inc |
| Jan 1, 2024 | South Shore Bancorp MHC | Charlesbridge, MHC |
| Jan 1, 2024 | Gabriels Community Credit Union | Michigan State University Federal Credit Union |
Enforcement Actions in 2024
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Jul 9, 2024 | SEC_8K | Fifth Third Bancorp | 8-K Item 8.01: consent order |
| Jul 8, 2024 | OCC | BOKF, N.A. | Prohibition/Removal Orders: Katschke, Deidre |
| Jul 8, 2024 | SEC_8K | Ewsb Bancorp, Inc. | 8-K Item 8.01: memorandum of understanding |
| Jul 1, 2024 | OCC | Zions Bancorporation, N.A. | Prohibition/Removal Orders: Vazquez, Valeria |
| Jun 28, 2024 | FDIC | (individual) | FDIC Makes Public May Enforcement Actions |
| Jun 26, 2024 | SEC_8K | Finward Bancorp | 8-K Item 8.01: consent order |
| Jun 24, 2024 | OCC | First National Bank of Huntsville | 1829 Prohibition Notification: Akins, Felicia |
| Jun 20, 2024 | OCC | Lincoln Federal Savings Bank of Nebraska | Formal Agreement: Lincoln FSB of Nebraska |
| Jun 18, 2024 | OCC | Varo Bank, N.A. | Prohibition/Removal Orders: Shaheed, Aaliyah |
| Jun 18, 2024 | OCC | CNB Holding Company | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): CNB Bank & Trust, National Association |
| Jun 18, 2024 Released Jun 25, 2024 | FRB | (individual) | Written Agreement: Pedcor Financial, LLC, Carmel, Indiana, Pedcor Financial Bancorp, Carmel, Indiana, Fidelity Federal … |
| Jun 17, 2024 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Jackson, Andre |
| Jun 11, 2024 Released Jun 14, 2024 | FRB | Evolve Bancorp, Inc | Cease and Desist Order: Evolve Bancorp, Inc., West Memphis, Arkansas and Evolve Bank & … |
| Jun 5, 2024 | OCC | U.S. Bank N.A. | Prohibition/Removal Orders: Thomure (n/k/a Makler), Kathyrn |
| Jun 4, 2024 Released Jul 1, 2024 | FRB | Silvergate Capital Corporation | Civil Money Penalty: Silvergate Capital Corporation, La Jolla, California; and Silvergate Bank, La Jolla, … |
| Jun 4, 2024 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: McDonald, Cordia |
| Jun 4, 2024 | OCC | BOKF, N.A. | Prohibition/Removal Orders: Ditzer, Randall |
| Jun 4, 2024 | OCC | Summit National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Summit National Bank |
| Jun 3, 2024 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Flores, Cindy |
| May 31, 2024 | FDIC | (individual) | FDIC Makes Public April Enforcement Actions |
| May 30, 2024 | OCC | PNC Bank, N.A. | 1829 Prohibition Notification: Kang, Sandra |
| May 30, 2024 | OCC | JPMorgan Chase Bank, N.A. | 1829 Prohibition Notification: Armstead, Denika |
| May 30, 2024 | OCC | PNC Bank, N.A. | Prohibition/Removal Orders: Jones-Cotton, Priscilla |
| May 30, 2024 | FRB | Bank of Burlington | Section 19 Letters: Leslie Cox |
| May 29, 2024 | OCC | Credit Suisse | Formal Agreement: Credit Suisse NY Br (Federal) |
| May 29, 2024 | OCC | Woodforest National Bank | 1829 Prohibition Notification: Hinton, Jr., Gino |
| May 23, 2024 | OCC | Santander Bank, N.A. | 1829 Prohibition Notification: Savage, Isha-Lee |
| May 23, 2024 | OCC | Old National Bank | 1829 Prohibition Notification: Oberts, Sheryl |
| May 23, 2024 | OCC | Wells Fargo Bank, N.A. | 1829 Prohibition Notification: Gilyard, Tyron |
| May 16, 2024 | OCC | Citibank, N.A. | Notice of Charges: Lewis, Lexus |
| May 14, 2024 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Ramirez Perez, Manuel |
| May 14, 2024 | OCC | BMO Bank N.A. | 1829 Prohibition Notification: Walker, Requel |
| May 10, 2024 | OCC | The Havana National Bank | 1829 Prohibition Notification: Richardson, Amy |
| May 8, 2024 | OCC | Wintrust Bank, N.A. | 1829 Prohibition Notification: Rodriguez, Roberto |
| May 6, 2024 | OCC | Bank of America, N.A. | 1829 Prohibition Notification: Simmons, Jazzmyne |
| May 6, 2024 | OCC | First National Bank Texas dba First Convenience Bank | 1829 Prohibition Notification: Belyea, Barbara |
| May 2, 2024 Released May 7, 2024 | FRB | First Citizens Bank of Butte | Written Agreement: First Citizens Bank of Butte, Butte, Montana |
| May 1, 2024 | OCC | The Lemont National Bank | Formal Agreement: The Lemont National Bank |
| Apr 30, 2024 | OCC | First National Bank Texas dba First Convenience Bank | Prohibition/Removal Orders: Rivera, Avianna |
| Apr 26, 2024 | FDIC | (individual) | FDIC Makes Public March Enforcement Actions |
| Apr 22, 2024 | SEC_8K | Ameriserv Financial, Inc | 8-K Item 1.01: written agreement |
| Apr 18, 2024 | OCC | Flagstar Bank, N.A. | 1829 Prohibition Notification: Zaccaro, Kristi |
| Apr 17, 2024 | OCC | Touchmark National Bank | Formal Agreement: Touchmark National Bank |
| Apr 16, 2024 | OCC | NBT Bank, N.A. | Prohibition/Removal Orders: Sanders, Stephanie |
| Apr 16, 2024 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Greene, Bahtia |
| Apr 16, 2024 | OCC | PNC Bank, N.A. | Notice of Charges: Milligan, II, Gerald |
| Apr 10, 2024 | OCC | Bank of America, N.A. | 1829 Prohibition Notification: Phelps, Kurt |
| Apr 10, 2024 | OCC | Capital One, N.A. | 1829 Prohibition Notification: Gallego, Paola |
| Apr 9, 2024 | OCC | Santander Bank, N.A. | Prohibition/Removal Orders: Acosta, Stanley |
| Apr 9, 2024 | OCC | PNC Bank, N.A. | Prohibition/Removal Orders: Prince, Sabina |
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