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