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 |
|---|---|---|
| Dec 16, 2024 | Kennametal Orwell Employees Federal Credit Union | Lakeview Federal Credit Union |
| Dec 14, 2024 | First Minnetonka City Bank | Bridgewater Bank |
| Dec 14, 2024 | RiverWood Bank, National Association | National Bank of Commerce |
| Dec 14, 2024 | Great River Holding Company | Natcom BANCSHARES,INC. |
| Dec 13, 2024 | Texas Telcom Credit Union | America's Credit Union |
| Dec 10, 2024 | Bancshares of Ripley, Inc. | Security Bancshares, Inc. |
| Dec 10, 2024 | Bank of Ripley | Security Bank and Trust Company |
| Dec 7, 2024 | Harwood State Bank | Banknorth |
| Dec 7, 2024 | First Community Bank of the Ozarks | Table Rock Community Bank |
| Dec 5, 2024 | Bank of Orchard | Cornerstone Bank |
| Dec 2, 2024 | High Sierra Credit Union | Desert Valleys Federal Credit Union |
| Dec 1, 2024 | Kane County Teachers Credit Union | Consumers Credit Union |
| Dec 1, 2024 | Town and Country Credit Union | Community 1st Credit Union |
| Dec 1, 2024 | Enterprise Credit Union | Credit Union 1 |
| Dec 1, 2024 | MB Financial Center Land Owner LLC | Fifth Third Bank, N.A. |
| Dec 1, 2024 | MB Financial Center LLC | Fifth Third Bank, N.A. |
| Dec 1, 2024 | Washington Business Bank | Sound Credit Union |
| Dec 1, 2024 | Ashland Management Agency, LLC | Fifth Third Bank, N.A. |
| Dec 1, 2024 | Howard University Employees Federal Credit Union | Educational Systems Federal Credit Union |
| Dec 1, 2024 | Tri-Valley Services Federal Credit Union | Allegent Community Federal Credit Union |
| Dec 1, 2024 | Saint Paul Ame Zion Church Credit Union, Inc. | Greater Cleveland Community Credit Union, Inc |
| Dec 1, 2024 | La Crosse-Burlington Credit Union | Co-Op Credit Union |
| Dec 1, 2024 | B E T Federal Credit Union | Educational and Governmental Employees Federal Credit Union |
| Dec 1, 2024 | Latvian Heritage Federal Credit Union | Ignite Credit Union |
| Nov 30, 2024 | Guardian Savings Bank | Community Partners Savings Bank |
| Nov 16, 2024 | Freeland State Bank | Thumb Bank & Trust |
| Nov 16, 2024 | Mountain View Bank of Commerce | Academy Bank, N.A. |
| Nov 16, 2024 | Alliance Bank | The Bennington State Bank |
| Nov 16, 2024 | First Texas Bank | First Texas Bank |
| Nov 8, 2024 | Baltimore Washington Federal Credit Union | Five Star of Maryland Federal Credit Union |
| Nov 6, 2024 | Community First Bank | Henderson State Bank |
| Nov 2, 2024 | Chase Mortgage Holdings, Inc. | JPMorgan Chase Bank, N.A. |
| Nov 1, 2024 | Community Bank of the Bay | Commercial Bank of California |
| Nov 1, 2024 | First Caprock Bancshares, Inc. | Triple J Financial, Inc. |
| Nov 1, 2024 | Universal Coop Federal Credit Union | Caribe Federal Credit Union |
| Nov 1, 2024 | Tazewell County School Employees Credit Union | Cooperative Choice Network Credit Union |
| Nov 1, 2024 | Jay Bee Employees Federal Credit Union | First Commonwealth Federal Credit Union |
| Nov 1, 2024 | School District 218 Employees Federal Credit Union | Credit Union 1 |
| Nov 1, 2024 | Teamsters Credit Union | Michigan First Credit Union |
| Nov 1, 2024 | Scfe Credit Union, Inc. | Atomic Credit Union, Inc. |
| Nov 1, 2024 | South Louisiana Highway Federal Credit Union | Onpath Federal Credit Union |
| Nov 1, 2024 | Valley Hills Federal Credit Union | Arrowhead Federal Credit Union |
| Nov 1, 2024 | The Pataskala Banking Company | Peoples State Bank |
| Nov 1, 2024 | TSB Bank | Empeople Credit Union |
| Nov 1, 2024 | Prospectors Federal Credit Union | Certified Federal Credit Union |
| Nov 1, 2024 | Smart Federal Credit Union | Pathways Financial Credit Union, Inc. |
| Nov 1, 2024 | Purity Dairies Employees Federal Credit Union | Outreach Federal Credit Union |
| Nov 1, 2024 | Bay Community Bancorp | CBC Bancorp |
| Oct 26, 2024 | Commodore Financial Network, Inc. | North Valley Bancshares, Inc. |
| Oct 26, 2024 | Commodore Bank | North Valley Bank |
Enforcement Actions in 2024
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Jan 31, 2024 | OCC | Sterling Bank and Trust, FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kolk, Jonathan |
| Jan 31, 2024 | OCC | City National Bank | Civil Money Penalty (CMP): City National Bank |
| Jan 31, 2024 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Mitchell, Chimere |
| Jan 30, 2024 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Trunz, Christian |
| Jan 30, 2024 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Edmonds, John |
| Jan 30, 2024 | OCC | Santander Bank, N.A. | Prohibition/Removal Orders: McBride-Bey, Elijah |
| Jan 26, 2024 | FDIC | (individual) | FDIC Makes Public December Enforcement Actions |
| Jan 25, 2024 | SEC_8K | Blue Ridge Bankshares, Inc. | 8-K Item 1.02: consent order |
| Jan 24, 2024 | OCC | Blue Ridge Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Blue Ridge Bank, National Association |
| Jan 22, 2024 Released Feb 6, 2024 | FRB | Peoples-Marion Bancorp, Inc. | Written Agreement: Peoples-Marion Bancorp, Inc., Marion, Kentucky and The Peoples Bank, Marion, Kentucky |
| Jan 19, 2024 | OCC | The First National Bank of Saint Ignace | Formal Agreement: The First National Bank of St. Ignace |
| Jan 16, 2024 Released Jan 19, 2024 | FRB | Industrial Bank | Cease and Desist Order, Civil Money Penalty: Industrial and Commercial Bank of China Ltd., … |
| Jan 16, 2024 Released Jan 18, 2024 | FRB | Community Financial Services Bank | Prohibition from Banking: Andrew M. Ellison |
| Jan 10, 2024 Released Jan 11, 2024 | FRB | Merchants Trust & Savings Bank | Cease and Desist Order, Civil Money Penalty: Randy Johnson |
| Jan 10, 2024 Released Jan 11, 2024 | FRB | Merchants Trust & Savings Bank | Cease and Desist Order, Civil Money Penalty: Chad Kellogg |
| Jan 10, 2024 Released Jan 11, 2024 | FRB | Merchants Trust & Savings Bank | Cease and Desist Order, Civil Money Penalty: Jeffrey Hines |
| Jan 9, 2024 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Taylor, Nyema'sha |
| Jan 9, 2024 | OCC | Santander Bank, N.A. | Prohibition/Removal Orders: Andujar Velazquez, Francis |
| Jan 9, 2024 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Wilson, Mirsha |
| Jan 8, 2024 | OCC | PNC Bank, N.A. | Prohibition/Removal Orders: Mann, Cole |
| Jan 8, 2024 Released Jan 11, 2024 | FRB | First Wyoming Bank - Jackson Hole | Prohibition from Banking: John Freeze |
| Jan 8, 2024 | OCC | PNC Bank, N.A. | 1829 Prohibition Notification: Wadsworth, Nathan |
Browse adjacent years: 2023 · 2025
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