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 |
|---|---|---|
| Jan 1, 2024 | Decatur Medical Dental Credit Union | United Equity Credit Union |
| Jan 1, 2024 | Bank of Morton | Bank of Commerce |
| Jan 1, 2024 | Mount Carmel Church Federal Credit Union | Shell Federal Credit Union |
| Jan 1, 2024 | Hiway Credit Union | Blaze Credit Union |
| Jan 1, 2024 | Waconized Federal Credit Union | 1st University Credit Union |
| Jan 1, 2024 | Columbia Trust Company | Columbia Bank |
| Jan 1, 2024 | Chippewa County Credit Union | U.P. State Credit Union |
| Jan 1, 2024 | Security Bancshares Co. | Flagship Financial Group, Inc. |
| Jan 1, 2024 | Lake Community Bank | Midcountry Bank |
| Jan 1, 2024 | Morton Bancorp, Inc. | Commerce Bancorp, Inc |
| Jan 1, 2024 | Huntington Technology Finance, Inc. | The Huntington National Bank |
| Jan 1, 2024 | South Shore Bancorp, Inc. | 1831 Bancorp Inc |
| Jan 1, 2024 | South Shore Bancorp MHC | Charlesbridge, MHC |
| Jan 1, 2024 | Gabriels Community Credit Union | Michigan State University Federal 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
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