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 |
|---|---|---|---|
| Apr 5, 2024 | SEC_8K | Blue Ridge Bankshares, Inc. | 8-K Item 1.01: consent order |
| Apr 4, 2024 | OCC | Comerica Bank & Trust, N.A. | Formal Agreement: Comerica Bank & Trust, National Association |
| Apr 2, 2024 | OCC | Heritage Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Heritage Bank, National Association |
| Apr 1, 2024 | OCC | Wells Fargo Bank, N.A. | 1829 Prohibition Notification: Davie, Brian |
| Apr 1, 2024 | OCC | U.S. Bank N.A. | 1829 Prohibition Notification: Roberson, Erica |
| Mar 29, 2024 | FDIC | (individual) | FDIC Makes Public February Enforcement Actions |
| Mar 29, 2024 Released Apr 4, 2024 | FRB | Steele Bancshares, Inc. | Written Agreement: Steele Bancshares, Tyler, Texas and American State Bank, Arp, Texas |
| Mar 28, 2024 Released Apr 4, 2024 | FRB | Mode Eleven Bancorp | Cease and Desist Order: Mode Eleven Bancorp, Hulett, Wyoming |
| Mar 27, 2024 | OCC | Washington Federal Bank for Savings | 1829 Prohibition Notification: Mahon, William |
| Mar 27, 2024 | OCC | JPMorgan Chase Bank, N.A. | 1829 Prohibition Notification: Chiu, Kevin |
| Mar 26, 2024 | SEC_8K | Finward Bancorp | 8-K Item 8.01: consent order |
| Mar 25, 2024 | OCC | Sterling Bank and Trust, FSB | Prohibition/Removal Orders: Seligman, Scott |
| Mar 25, 2024 | OCC | Sterling Bank and Trust, FSB | Civil Money Penalty (CMP): Seligman, Scott |
| Mar 22, 2024 | OCC | JPMorgan Chase Bank, N.A. | 1829 Prohibition Notification: Austin, David |
| Mar 20, 2024 | OCC | Sterling Bank and Trust, FSB | Prohibition/Removal Orders: Judd, Gary |
| Mar 20, 2024 | OCC | Mufg Union Bank Foundation | 1829 Prohibition Notification: Moe, Alicia |
| Mar 20, 2024 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Benjamin A. Lara |
| Mar 20, 2024 | OCC | Sterling Bank and Trust, FSB | Civil Money Penalty (CMP): Judd, Gary |
| Mar 14, 2024 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Desembrana, Norman |
| Mar 14, 2024 | OCC | Wells Fargo Bank, N.A. | Civil Money Penalty (CMP): Desembrana, Norman |
| Mar 14, 2024 | OCC | JPMorgan Chase Bank, N.A. | Civil Money Penalty (CMP): JPMorgan Chase Bank, National Association |
| Mar 14, 2024 | OCC | JPMorgan Chase Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): JPMorgan Chase Bank, National Association |
| Mar 13, 2024 Released Mar 14, 2024 | FRB | First & Peoples Bancshares, Inc. | Written Agreement: First & Peoples Bancshares, Inc., Russell, Kentucky |
| Mar 13, 2024 | OCC | Vision Bank | Prohibition/Removal Orders: Snider, Jackie |
| Mar 12, 2024 | OCC | Minnstar Bank N.A. | Formal Agreement: Minnstar Bank National Association |
| Mar 8, 2024 Released Mar 14, 2024 | FRB | JPMorgan Chase & Co. | Cease and Desist Order, Civil Money Penalty: JPMorgan Chase & Co., New York, New … |
| Mar 7, 2024 | OCC | The City National Bank and Trust Company of Lawton, Oklahoma | 1829 Prohibition Notification: Beaver, Byran |
| Mar 7, 2024 | FRB | NBH Bank | Section 19 Letters: John J. Sanders |
| Mar 6, 2024 | OCC | Bank of America, N.A. | 1829 Prohibition Notification: Seck, Diape |
| Mar 6, 2024 | OCC | TD Bank, N.A. | 1829 Prohibition Notification: Seck, Diape |
| Mar 5, 2024 | SEC_8K | U.S. Bancorp | 8-K Item 8.01: consent order |
| Feb 29, 2024 | OCC | First Federal Savings and Loan Association of Lorain | Formal Agreement: First FS & LA of Lorain |
| Feb 23, 2024 | FDIC | (individual) | FDIC Makes Public January Enforcement Actions |
| Feb 21, 2024 | OCC | Dollar Bank, Federal Savings Bank | 1829 Prohibition Notification: Casto, Stephanie |
| Feb 15, 2024 | OCC | Sterling Bank and Trust, FSB | Prohibition/Removal Orders: Montemayor, Michael |
| Feb 15, 2024 | OCC | Sterling Bank and Trust, FSB | Civil Money Penalty (CMP): Montemayor, Michael |
| Feb 14, 2024 | OCC | Barrington Bank & Trust Company, N.A. | Civil Money Penalty (CMP): Jurun, Nicholas L. |
| Feb 14, 2024 | OCC | Barrington Bank & Trust Company, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Jurun, Nicholas L. |
| Feb 13, 2024 | OCC | Sterling Bank and Trust, FSB | Civil Money Penalty (CMP): Lopp, Thomas |
| Feb 13, 2024 | OCC | Sterling Bank and Trust, FSB | Prohibition/Removal Orders: Lopp, Thomas |
| Feb 9, 2024 Released Feb 13, 2024 | FRB | Select Bank | Civil Money Penalty: Select Bank, Forest, Virginia |
| Feb 8, 2024 | OCC | Sterling Bank and Trust, FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kimmel, Colleen |
| Feb 7, 2024 | SEC_8K | Regional Management Corporation | 8-K Item 7.01: consent order |
| Feb 7, 2024 | OCC | Citibank, N.A. | Prohibition/Removal Orders: Velez Restrepo, Juan |
| Feb 7, 2024 | OCC | UMB Bank, N.A. | Prohibition/Removal Orders: Cherry, Samantha |
| Feb 5, 2024 | OCC | Sterling Bank and Trust, FSB | Prohibition/Removal Orders: Adams, Stephen |
| Feb 5, 2024 | OCC | Sterling Bank and Trust, FSB | Civil Money Penalty (CMP): Adams, Stephen |
| Feb 1, 2024 | OCC | Webster Bank, N.A. | Prohibition/Removal Orders: Parsons, Aaron |
| Jan 31, 2024 | SEC_8K | Finward Bancorp | 8-K Item 2.03: consent order |
| Jan 31, 2024 | OCC | City National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): City National Bank |
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