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 |
|---|---|---|
| Apr 23, 2016 | The First Bank of Fairland | The First National Bank and Trust Company of Miami |
| Apr 23, 2016 | First Bank of Lincoln | Citizens Alliance Bank |
| Apr 19, 2016 | Rector Federal Credit Union | American Heritage Federal Credit Union |
| Apr 18, 2016 | National Bank of Tennessee | Commercial Bank |
| Apr 16, 2016 | Community Bank of the South | CharterBank |
| Apr 16, 2016 | CBS Financial Corporation | Charter Financial Corporation |
| Apr 15, 2016 | Conestoga Bank | Beneficial Bank |
| Apr 15, 2016 | First Express of Nebraska, Inc. | Western States Bancorporation |
| Apr 11, 2016 | Star Bank of Texas | Community National Bank & Trust of Texas |
| Apr 10, 2016 | Dexter Credit Union | Navigant Credit Union |
| Apr 9, 2016 | First Avenue National Bank | CBC National Bank |
| Apr 9, 2016 | Community Bank, National Association | Security Bank of the Ozarks |
| Apr 9, 2016 | Summersville Bancorporation, Inc. | Eminence Bankshares, Inc. |
| Apr 2, 2016 | Altoona Regional Health System Federal Credit Union | Healthcare First Credit Union |
| Apr 2, 2016 | National Penn Bank | Truist Bank |
| Apr 2, 2016 | National Penn Management Services, LLC | Truist Bank |
| Apr 2, 2016 | Central Bank | MidWestOne Bank |
| Apr 2, 2016 | National Penn Bancshares, Inc. | Truist Financial Corporation |
| Apr 2, 2016 | Electrical Workers Credit Union | Revity Credit Union |
| Apr 1, 2016 | Babbitt Steelworkers Credit Union | Ely Area Credit Union |
| Apr 1, 2016 | Hometown Community Bancorp Inc | Hometown Financial Group, Inc |
| Apr 1, 2016 | Hometown Community Bancorp MHC | Hometown Financial Group MHC |
| Apr 1, 2016 | Community First Bank | Regal Bank |
| Apr 1, 2016 | KeyWorth Bank | Renasant Bank |
| Apr 1, 2016 | OldTown Bank | Entegra Bank |
| Apr 1, 2016 | Century Bank Corp. | First Farmers Financial Corporation |
| Apr 1, 2016 | Macon Water Works Credit Union | Center Parc Credit Union |
| Apr 1, 2016 | Montclair Postal Employees Credit Union | Proponent Federal Credit Union |
| Apr 1, 2016 | Ruth Bank Corporation | Eastern Michigan Financial Corporation |
| Apr 1, 2016 | Town & Country Financial, Inc. | First United Bancorp, Inc. |
| Apr 1, 2016 | Great River Community Credit Union | United Community Credit Union |
| Apr 1, 2016 | Community Financial Credit Union | Blue Federal Credit Union |
| Apr 1, 2016 | Reach Federal Credit Union | Xceed Financial Credit Union |
| Apr 1, 2016 | Bank of Ohio County, Inc. | First United Bank and Trust Company, Inc. |
| Apr 1, 2016 | Wyoming County School Employees Federal Credit Union | Penn East Federal Credit Union |
| Apr 1, 2016 | Metro Shores Credit Union | Public Service Credit Union |
| Apr 1, 2016 | Ruth State Bank | Eastern Michigan Bank |
| Apr 1, 2016 | Health First Federal Credit Union | KV Federal Credit Union |
| Apr 1, 2016 | Grantsville Federal Credit Union | American United Federal Credit Union |
| Apr 1, 2016 | White House Federal Credit Union | Department of Commerce Federal Credit Union |
| Apr 1, 2016 | The Citizens Exchange Bank | First Farmers Bank & Trust Co. |
| Apr 1, 2016 | Mea Federal Credit Union | Kinetic Credit Union |
| Apr 1, 2016 | Metropolitan Service Federal Credit Union | American Heritage Federal Credit Union |
| Apr 1, 2016 | Greater Piedmont Credit Union | Self-Help Credit Union |
| Apr 1, 2016 | Southern Select Community Cu | Nova Credit Union |
| Apr 1, 2016 | Holy Family Hospital Employees Federal Credit Union | Align Credit Union |
| Apr 1, 2016 | Barre Savings Bank | Fidelity Co-Operative Bank |
| Apr 1, 2016 | Howland-Enfield Federal Credit Union | Penobscot County |
| Apr 1, 2016 | Wesley Medical Credit Union | Mid American Credit Union |
| Apr 1, 2016 | Ascentia Federal Credit Union | North Star Community Credit Union |
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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