Bank mergers and closures
Bank mergers happen for many reasons in normal business. For instance, to create a single larger bank in which operations of both banks can be streamlined or to acquire another banks brands. As well as due to regulators closing the institution due to unsafe and unsound business practices or inadequate capitalization and liquidity.
Banks are not allowed to go bankrupt in the United States. Accounts are generally insured up to $100,000 per individual per bank by the Federal Deposit Insurance Corporation. Banks that are in danger of failing are either taken over by the Federal Deposit Insurance Corporation, administered temporarily and eventually sold off or merged with other banks. A List of banks seized by regulators and the assuming institutions can be obtained at Federal Deposit Insurance Corp - Failed Bank list.