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 |
|---|---|---|---|
| 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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