Calendar Year
2016 in US Banking
871 bank events are on record for 2016: 5 failures, 655 mergers or acquisitions involving a bank, credit union or bank holding company, and 211 enforcement actions.
5
Failures
$277.2M in failed assets
655
Mergers
Federal Reserve NIC, banking organizations
211
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 2016 · Bank mergers 2016
How many banks failed in 2016?
5 banks failed in 2016, with $277.2M in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Sep 23, 2016 | Allied Bank | $66.3M |
| Aug 19, 2016 | The Woodbury Banking Company | $21.4M |
| May 6, 2016 | First Cornerstone Bank | $103.3M |
| Apr 29, 2016 | Trust Company Bank | $19.0M |
| Mar 11, 2016 | North Milwaukee State Bank | $67.1M |
Which banks merged in 2016?
655 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2016.
See the fuller list: Bank mergers 2016 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Dec 31, 2016 | City of Raleigh Employees Credit Union | Civic Federal Credit Union |
| Dec 29, 2016 | MBFS Holdings, Inc. | Plaza Bank |
| Dec 23, 2016 | MLHM, Inc. | Bana Holding Corporation |
| Dec 20, 2016 | Little River Bank | First Community Bank |
| Dec 17, 2016 | First State Bank of Okabena (Incorporated) | Currie State Bank |
| Dec 17, 2016 | Security First Bank | Suncrest Bank |
| Dec 17, 2016 | Bank Computer Services, Inc. | Citizens State Bank of New Castle |
| Dec 15, 2016 | American Patriot Bank | Apex Bank |
| Dec 14, 2016 | Pacoe Federal Credit Union | PRR South Fork Federal Credit Union |
| Dec 14, 2016 | Salt Creek Credit Union | Vibrant Credit Union |
| Dec 10, 2016 | (unnamed) | Blue Ridge Bank, N.A. |
| Dec 6, 2016 | Happy Bancshares of Delaware, Inc. | Happy Bancshares, Inc. |
| Dec 6, 2016 | Rudolph Bancshares, Inc. | First State Bancshares, Inc. |
| Dec 5, 2016 | Wesley Ame Zion Federal Credit Union | Northwood Federal Credit Union |
| Dec 4, 2016 | Bancroft State Bank | The Portage County Bank |
| Dec 3, 2016 | CSB Bank | Lakestone Bank & Trust |
| Dec 3, 2016 | First Choice Bank | Berkshire Bank |
| Dec 3, 2016 | American Trust Bank of East Tennessee | Citizens Bank |
| Dec 3, 2016 | Livingston State Bank | Community First Bank |
| Dec 1, 2016 | IT&S of Iowa, Inc. | Community Bancshares Corp. |
| Dec 1, 2016 | Ocean Shore Holding Company | OceanFirst Financial Corp. |
| Dec 1, 2016 | Acadia Trust, N.A. | Camden National Bank |
| Dec 1, 2016 | West Coast Federal Credit Union | Ficare Federal Credit Union |
| Dec 1, 2016 | Grocers Supply Employee Credit Union | Texas Bay Credit Union |
| Dec 1, 2016 | Pointe Coupee Education Association Federal Credit Union | Essential Credit Union |
| Dec 1, 2016 | Berea Credit Union, Inc. | Park Federal Credit Union dba Park Community Credit Union |
| Dec 1, 2016 | Fiscal Credit Union | Unify Financial Federal Credit Union |
| Dec 1, 2016 | Desert Medical Federal Credit Union | Credit Union West |
| Dec 1, 2016 | TruBank | Trubank |
| Dec 1, 2016 | Ocean City Home Bank | OceanFirst Bank, N.A. |
| Nov 30, 2016 | Avon Bancshares, Inc. | American Heritage Holding Company |
| Nov 27, 2016 | Ecai Federal Credit Union | Northwood Federal Credit Union |
| Nov 27, 2016 | C.B.C. Federal Credit Union | Northwood Federal Credit Union |
| Nov 27, 2016 | Bright Hope Federal Credit Union | Northwood Federal Credit Union |
| Nov 23, 2016 | Banco Harlan, Inc. | Monticello Bankshares, Inc. |
| Nov 22, 2016 | Randolph County School Employees Federal Credit Union | Home Federal Credit Union |
| Nov 19, 2016 | Delta National Bancorp | Farmers & Merchants Bancorp |
| Nov 19, 2016 | First Community Financial Corporation | Wintrust Financial Corporation |
| Nov 19, 2016 | First Community Bank | St. Charles Bank & Trust Company, N.A. |
| Nov 19, 2016 | Delta Bank, National Association | Farmers & Merchants Bank of Central California |
| Nov 15, 2016 | Bank of Keystone | Sandhills State Bank |
| Nov 15, 2016 | So-Val Tel Federal Credit Union | Educational Employees Credit Union |
| Nov 12, 2016 | Marine Bank and Trust | United Community Bank |
| Nov 12, 2016 | Brown County State Bank | United Community Bank |
| Nov 11, 2016 | Wilburton State Bank | First National Bank & Trust Company of McAlester |
| Nov 11, 2016 | New England Bancorp Inc | Independent Bank Corp. |
| Nov 11, 2016 | Independence Bank of Georgia | Vallant Bank |
| Nov 11, 2016 | Talmer Bank and Trust | Chemical Bank |
| Nov 11, 2016 | Bank of Cape Cod | Rockland Trust Company |
| Nov 11, 2016 | Community First Bancshares, Inc. | Equity Bancshares, Inc. |
The list holds 500 of the 655 mergers recorded for 2016.
Enforcement Actions in 2016
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Oct 13, 2016 | FRB | Regions Bank | Section 19 Letters: Kristie Danciu |
| Oct 5, 2016 | OCC | HSBC Bank USA, N.A. | Suspension Order for Criminal Conduct: Johnson, Mark |
| Oct 5, 2016 Released Oct 6, 2016 | FRB | HSBC Holdings PLC | Prohibition from Banking: Stuart Scott |
| Oct 5, 2016 Released Oct 6, 2016 | FRB | HSBC Bank PLC | Prohibition from Banking: Mark Johnson |
| Oct 4, 2016 | FRB | Regions Bank | Section 19 Letters: Cheri Carlson |
| Oct 4, 2016 | FRB | Regions Bank | Section 19 Letters: Kathryn Smith |
| Oct 4, 2016 | FRB | Regions Bank | Section 19 Letters: Rinada Cole |
| Oct 4, 2016 | OCC | Los Alamos National Bank | Civil Money Penalty (CMP): Cook, Jill |
| Oct 4, 2016 | OCC | Los Alamos National Bank | Prohibition/Removal Orders: Cook, Jill |
| Oct 4, 2016 | OCC | Landmark Community Bank, National Association | Prohibition/Removal Orders: Johnson, Kevin |
| Oct 4, 2016 | OCC | Landmark Community Bank, National Association | C&D or PC&D Requiring Restitution: Johnson, Kevin |
| Sep 29, 2016 | OCC | Wells Fargo Bank, N.A. | Civil Money Penalty (CMP): Wells Fargo Bank, National Association |
| Sep 29, 2016 | OCC | Wells Fargo Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wells Fargo Bank, National Association |
| Sep 28, 2016 Released Sep 29, 2016 | FRB | (individual) | Cease and Desist Order: Agricultural Bank of China, Beijing, Peoples Republic of China and … |
| Sep 20, 2016 | OCC | SoFi Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Dowdell, Kirk N. |
| Sep 20, 2016 | OCC | Los Alamos National Bank | Civil Money Penalty (CMP): Enloe, William |
| Sep 20, 2016 | OCC | First National Bank | Civil Money Penalty (CMP): Overby, Archie G. |
| Sep 20, 2016 | OCC | SoFi Bank, N.A. | Prohibition/Removal Orders: Dowdell, Kirk N. |
| Sep 20, 2016 | OCC | Los Alamos National Bank | Prohibition/Removal Orders: Enloe, William |
| Sep 20, 2016 | FRB | (individual) | Section 19 Letters: Arvin Aurora |
| Sep 20, 2016 | OCC | SoFi Bank, N.A. | Civil Money Penalty (CMP): Dowdell, Kirk N. |
| Sep 20, 2016 | OCC | SoFi Bank, N.A. | C&D or PC&D Requiring Restitution: Dowdell, Kirk N. |
| Sep 19, 2016 | FRB | Regions Bank | Section 19 Letters: Kathryn M. Brazzel |
| Sep 19, 2016 | OCC | Smartbiz Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ward, Chester |
| Sep 15, 2016 | FRB | Chetopa State Bank & Trust Co. | Section 19 Letters: Angela Littlejohn |
| Sep 13, 2016 | OCC | First National Bank of Lacon | Formal Agreement: The First National Bank of Lacon |
| Sep 13, 2016 | FRB | Regions Bank | Section 19 Letters: Macario DeGuzman |
| Sep 7, 2016 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Parker, Lamond |
| Sep 6, 2016 | OCC | Wells Fargo Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wells Fargo Bank, National Association |
| Sep 6, 2016 | OCC | Landmark Community Bank, National Association | C&D or PC&D Requiring Restitution: Johnson, David |
| Sep 6, 2016 | OCC | Wells Fargo Bank, N.A. | C&D or PC&D Requiring Restitution: Wells Fargo Bank, National Association |
| Sep 6, 2016 | OCC | First Niagara Bank, N.A. | C&D or PC&D Requiring Restitution: First Niagara Bank, National Association |
| Sep 6, 2016 | OCC | First Niagara Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Niagara Bank, National Association |
| Sep 6, 2016 | OCC | Landmark Community Bank, National Association | Prohibition/Removal Orders: Johnson, David |
| Sep 6, 2016 | OCC | Landmark Community Bank, National Association | Civil Money Penalty (CMP): Johnson, David |
| Sep 6, 2016 | OCC | Wells Fargo Bank, N.A. | Civil Money Penalty (CMP): Wells Fargo Bank, National Association |
| Sep 6, 2016 | OCC | First Niagara Bank, N.A. | Civil Money Penalty (CMP): First Niagara Bank, National Association |
| Sep 6, 2016 | OCC | Landmark Community Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Johnson, David |
| Sep 6, 2016 | FRB | (individual) | Section 19 Letters: Jeffrey Cho |
| Aug 31, 2016 | FRB | Credit Suisse | Section 19 Letters: Andreas Bachmann |
| Aug 31, 2016 | FRB | Credit Suisse | Section 19 Letters: Josef Dorig |
| Aug 25, 2016 | OCC | First Place Financial Corp. | Civil Money Penalty (CMP): Lewis, Steven R. |
| Aug 25, 2016 | OCC | First Place Financial Corp. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Lewis, Steven R. |
| Aug 23, 2016 | FRB | (individual) | Section 19 Letters: Tiffany Carpenter |
| Aug 19, 2016 Released Aug 23, 2016 | FRB | CBI Bank & Trust | Cease and Desist Order: Christopher Watkins |
| Aug 18, 2016 | OCC | First National Bank of Omaha | Civil Money Penalty (CMP): First National Bank of Omaha |
| Aug 18, 2016 | OCC | First National Bank of Omaha | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Omaha |
| Aug 18, 2016 | OCC | First National Bank of Omaha | C&D or PC&D Requiring Restitution: First National Bank of Omaha |
| Aug 15, 2016 Released Aug 18, 2016 | FRB | Allied Bank | Prompt Corrective Action: Allied Bank, Mulberry, Arkansas |
| Aug 8, 2016 Released Aug 11, 2016 | FRB | First Bankshares, Inc. | Written Agreement: First Bankshares, Inc., Barboursville, West Virginia |
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