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 |
|---|---|---|
| Jul 1, 2024 | Codorus Valley Bancorp, Inc. | Orrstown Financial Services, Inc. |
| Jul 1, 2024 | Frsa Credit Union | Orlando Credit Union |
| Jul 1, 2024 | Southwest Counties School Employees Credit Union | Legacy Credit Union |
| Jul 1, 2024 | FNCB Bancorp, Inc. | Peoples Financial Services Corp. |
| Jul 1, 2024 | Alliance Bank & Trust Company | Commercial Bank |
| Jul 1, 2024 | AB&T Financial Corporation | Commercial Bancgroup, Inc. |
| Jul 1, 2024 | Fourth Capital Bank | Lawrence Bank |
| Jul 1, 2024 | Fourth Capital Holdings, Inc. | Lawrence Bancshares, Inc. |
| Jun 30, 2024 | Ukrainian Selfreliance New England Federal Credit Union | Selfreliance Federal Credit Union |
| Jun 30, 2024 | South Towns Community Federal Credit Union | One Credit Union of NY |
| Jun 25, 2024 | Forrest County Teachers Federal Credit Union | Centuryfirst Federal Credit Union |
| Jun 24, 2024 | Lexington Avenue Federal Credit Union | Alternatives Federal Credit Union |
| Jun 24, 2024 | Bradley Bancshares, Inc. | Drew Bancshares, Inc. |
| Jun 24, 2024 | First State Bank of Warren | Commercial Bank & Trust Company |
| Jun 22, 2024 | Merchants and Manufacturers Bank | Busey Bank |
| Jun 21, 2024 | Little Rock Federal Credit Union | Truservice Community Federal Credit Union |
| Jun 12, 2024 | 1st Valley Credit Union | America First Federal Credit Union |
| Jun 1, 2024 | Lincoln Sudbury Town Employees Federal Credit Union | Saint Mary's Credit Union |
| Jun 1, 2024 | Cabway Telco Federal Credit Union | Star USA Federal Credit Union |
| Jun 1, 2024 | Cooperative Center Federal Credit Union | Nuvision Federal Credit Union |
| Jun 1, 2024 | First Colorado National Bank | OakStar Bank |
| Jun 1, 2024 | The Valley State Bank | Security State Bank |
| Jun 1, 2024 | Community First Bank | OakStar Bank |
| Jun 1, 2024 | First National Bank at Darlington | The Bank of New Glarus |
| Jun 1, 2024 | Encurage Financial Network | Great Lakes Credit Union |
| Jun 1, 2024 | Frontier Community Bank | The National Bank of Blacksburg |
| Jun 1, 2024 | Wayne Savings Bancshares, Inc. | Main Street Financial Services Corp |
| Jun 1, 2024 | Main Street Bank Corp. | Main Street Bank Corp. |
| Jun 1, 2024 | USAA Savings Bank | USAA Federal Savings Bank |
| Jun 1, 2024 | Credit Suisse Ag | UBS Ag |
| Jun 1, 2024 | First Bristol Federal Credit Union | Nutmeg State Financial Credit Union |
| Jun 1, 2024 | Bellco Federal Credit Union | First Commonwealth Federal Credit Union |
| Jun 1, 2024 | Louisiana Federal Credit Union | Onpath Federal Credit Union |
| May 31, 2024 | Cambridge Teachers Federal Credit Union | Webster First Federal Credit Union |
| May 31, 2024 | Financial Access Federal Credit Union | Credit Union 1 |
| May 25, 2024 | Security Bancshares, Inc. | LBT Bancshares, Inc. |
| May 25, 2024 | Security National Bank | Bank & Trust Company |
| May 24, 2024 | Plainfield Credit Union | New Brunswick Postal Federal Credit Union |
| May 18, 2024 | Arcola First Bank | Peoples Bank & Trust |
| May 16, 2024 | Lakeland Bank | Provident Bank |
| May 16, 2024 | Lakeland Bancorp, Inc. | Provident Financial Services, Inc. |
| May 16, 2024 | First Sound Bank | Harborstone Credit Union |
| May 11, 2024 | The First National Bank in Creston | Northwest Bank |
| May 4, 2024 | Lake City Federal Bank | Forward Bank |
| May 3, 2024 | Summit Community Bank, Inc | Burke and Herbert Bank and Trust Company |
| May 3, 2024 | Summit Financial Group, Inc. | Burke & Herbert Financial Services Corp. |
| May 1, 2024 | First National Bank | Panhandle First Bank |
| May 1, 2024 | Paradise Valley Federal Credit Union | Nuvision Federal Credit Union |
| May 1, 2024 | Allied Healthcare Federal Credit Union | Southland Credit Union |
| May 1, 2024 | The Municipal Federal Credit Union | Premier Credit Union |
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
Or jump to a category: Failures · Mergers · Enforcement · Assistance