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 |
|---|---|---|---|
| Dec 27, 2024 | FDIC | (individual) | FDIC Makes Public November Enforcement Actions |
| Dec 23, 2024 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Herrell, De'Anna |
| Dec 23, 2024 | SEC_8K | Finward Bancorp | 8-K Item 8.01: consent order |
| Dec 23, 2024 | OCC | Bank of America, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank of America, National Association |
| Dec 20, 2024 | OCC | Citizens Bank, N.A. | Prohibition/Removal Orders: Wu, David |
| Dec 20, 2024 | OCC | Citizens Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wu, David |
| Dec 20, 2024 | OCC | Bank of America, N.A. | 1829 Prohibition Notification: Qi, Zhenyi |
| Dec 19, 2024 | OCC | Wells Fargo Bank, N.A. | 1829 Prohibition Notification: Salomon, Jasmine |
| Dec 18, 2024 | OCC | PNC Bank, N.A. | Prohibition/Removal Orders: Singletary, Nakyra |
| Dec 18, 2024 | OCC | USAA Federal Savings Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): USAA Federal Savings Bank |
| Dec 17, 2024 | FRB | Equity Bank | Section 19 Letters: DeShawn L. Brim, Jr. |
| Dec 12, 2024 | OCC | TD Bank, N.A. | Prohibition/Removal Orders: Cooper, Justin |
| Dec 11, 2024 | OCC | Northfield Bancorp, MHC | Prohibition/Removal Orders: Nicholson, Isaiah |
| Dec 9, 2024 | OCC | Fifth Third Bank, N.A. | 1829 Prohibition Notification: Zivanovic, Ljiljana |
| Dec 9, 2024 | OCC | The First National Bank of Hebbronville | 1829 Prohibition Notification: Garza, Oneida |
| Dec 5, 2024 | OCC | TD Bank, N.A. | Prohibition/Removal Orders: Hernandez, Brian |
| Dec 4, 2024 | OCC | Fifth Third Bank, N.A. | Prohibition/Removal Orders: Meadows, Cassandra |
| Dec 4, 2024 Released Dec 19, 2024 | FRB | Lineage Financial Network, Inc. | Written Agreement: Lineage Financial Network, Franklin, Tennessee |
| Nov 29, 2024 | FDIC | (individual) | FDIC Makes Public October Enforcement Actions |
| Nov 25, 2024 Released Dec 3, 2024 | FRB | First of Murphysboro Corp. | Cease and Desist Order: First of Murphysboro Corp., Murphysboro, Illinois |
| Nov 21, 2024 | OCC | TD Bank, N.A. | Notice of Charges: De Leon, Armando |
| Nov 21, 2024 | OCC | Wells Fargo Bank, N.A. | Notice of Charges: Niedwiecky, Emily |
| Nov 20, 2024 | OCC | JPMorgan Chase Bank, N.A. | Prohibition/Removal Orders: Pialet, Wendell |
| Nov 18, 2024 Released Nov 21, 2024 | FRB | Heartland Tri-State Bank | Prohibition from Banking: Shan Hanes |
| Nov 13, 2024 Released Nov 19, 2024 | FRB | Small Business Bank | Cease and Desist Order: Small Business Bank, Lenexa, Kansas |
| Nov 13, 2024 Released Nov 19, 2024 | FRB | Industry Bancshares, Inc. | Cease and Desist Order: Industry Bancshares, Inc., Industry, Texas |
| Nov 12, 2024 | OCC | The First National Bank of Williamson | Formal Agreement: The First National Bank of Williamson |
| Nov 12, 2024 | OCC | The Fairfield National Bank | Formal Agreement: The Fairfield National Bank |
| Nov 7, 2024 | SEC_8K | Finward Bancorp | 8-K Item 7.01: consent order |
| Nov 1, 2024 Released Nov 12, 2024 | FRB | Nano Banc | Prohibition from Banking: James T. Chung |
| Nov 1, 2024 Released Nov 12, 2024 | FRB | Allegiant United Holdings, LLC | Prohibition from Banking, Civil Money Penalty: Anthony R. Gressak III |
| Oct 29, 2024 | OCC | Midstates Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lafrentz, Dean |
| Oct 28, 2024 | SEC_8K | First Northwest Bancorp | 8-K Item 8.01: consent order |
| Oct 25, 2024 | FDIC | (individual) | FDIC Makes Public September Enforcement Actions |
| Oct 24, 2024 | OCC | Wells Fargo Bank, N.A. | 1829 Prohibition Notification: Thompson, Ulyssia |
| Oct 23, 2024 | OCC | U.S. Bank N.A. | 1829 Prohibition Notification: White, Jeffrey |
| Oct 22, 2024 | OCC | Hiawatha National Bank | Formal Agreement: Hiawatha National Bank |
| Oct 22, 2024 | OCC | Citibank, N.A. | Prohibition/Removal Orders: Saw, Clarice |
| Oct 21, 2024 | OCC | The First National Bank of Bellville | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Bellville |
| Oct 21, 2024 Released Oct 24, 2024 | FRB | U & I Financial Corp. | Written Agreement: U & I Financial Corp., Lynnwood, Washington and UniBank, Lynnwood, Washington |
| Oct 21, 2024 | OCC | Bank of Brenham, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bank of Brenham, National Association |
| Oct 21, 2024 | OCC | The First National Bank of Shiner | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Shiner |
| Oct 16, 2024 | OCC | The National Bank of Coxsackie | Formal Agreement: The National Bank of Coxsackie |
| Oct 11, 2024 | SEC_8K | Finward Bancorp | 8-K Item 8.01: consent order |
| Oct 9, 2024 | OCC | TD Bank USA, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): TD Bank USA, National Association |
| Oct 9, 2024 | OCC | TD Bank USA, N.A. | Civil Money Penalty (CMP): TD Bank USA, National Association |
| Oct 9, 2024 | OCC | TD Bank, N.A. | Civil Money Penalty (CMP): TD Bank, National Association |
| Oct 9, 2024 | OCC | TD Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): TD Bank, National Association |
| Oct 9, 2024 Released Oct 10, 2024 | FRB | The Toronto-Dominion Bank | Cease and Desist Order, Civil Money Penalty: Toronto-Dominion Bank, Toronto, Canada; TD Group U.S. … |
| Oct 8, 2024 | OCC | Clear Fork Bank N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Clear Fork Bank, National Association |
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