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 |
|---|---|---|
| Oct 22, 2016 | Indiana Business Bancorp | Lizton Financial Corporation |
| Oct 22, 2016 | Chicopee Bancorp, Inc. | Western New England Bancorp, Inc. |
| Oct 21, 2016 | River Bancorp, Inc. | Blue Ridge Bankshares, Inc. |
| Oct 18, 2016 | Renaissance Community Development Credit Union | Affinity Federal Credit Union |
| Oct 15, 2016 | Mfsb, National Association | First Bank Midwest |
| Oct 15, 2016 | Ridgestone Financial Services, Inc. | Byline Bancorp, Inc. |
| Oct 15, 2016 | Ridgestone Bank | Byline Bank |
| Oct 15, 2016 | Citizens Bank | First National Bank of Decatur County |
| Oct 12, 2016 | Ottawa Savings Bancorp, MHC | Ottawa Bancorp, Inc. |
| Oct 12, 2016 | Ottawa Savings Bancorp, Inc. | Ottawa Bancorp, Inc. |
| Oct 12, 2016 | The Farmers & Merchants State Bank of Cawker City | Farmers and Merchants Bank |
| Oct 8, 2016 | American Loan and Savings Association | F&M Bank and Trust Company |
| Oct 8, 2016 | VistaBank | Coastal Carolina National Bank |
| Oct 8, 2016 | First Advantage Bank | Border Bank |
| Oct 8, 2016 | Rock Branch Community Bank, Inc. | First Sentry Bank, Inc. |
| Oct 8, 2016 | Northstar Bank of Colorado | Northstar Bank |
| Oct 8, 2016 | First Niagara Bank, N.A. | KeyBank N.A. |
| Oct 6, 2016 | Kentucky National Bancorp, Inc | South Central Bancshares of Kentucky, Inc. |
| Oct 3, 2016 | Ryder System Federal Credit Union | Power Financial Credit Union |
| Oct 3, 2016 | Landmark Investor Group, Inc. | Flagship Financial Group, Inc. |
| Oct 1, 2016 | Clearwater Credit Union | Lewis Clark Credit Union |
| Oct 1, 2016 | California Republic Bank | Mechanics Bank |
| Oct 1, 2016 | Sierra Vista Bank | Community West Bank |
| Oct 1, 2016 | East River Bank | DNB First, National Association |
| Oct 1, 2016 | Stonebridge Bank | American National Bank |
| Oct 1, 2016 | Monument Bank | Revere Bank |
| Oct 1, 2016 | ANB Bancshares of Delaware, Inc. | Anahuac Bancshares, Inc. |
| Oct 1, 2016 | Wills Point Financial Corporation | Sulphur Springs Bancshares, Inc. |
| Oct 1, 2016 | Bancshares of Urbana, Inc. | OakStar Bancshares, Inc. |
| Oct 1, 2016 | Eden Valley Bancshares, Inc. | Farmers & Merchants Agency, Inc. |
| Oct 1, 2016 | First Groesbeck Holding Company | Industry Bancshares, Inc. |
| Oct 1, 2016 | Mount Saint Marys Hospital Federal Credit Union | Cornerstone Community Federal Credit Union |
| Oct 1, 2016 | Tidewater Dominion Employees Federal Credit Union | N a E Federal Credit Union |
| Oct 1, 2016 | Landmark Community Bank, National Association | Flagship Bank Minnesota |
| Oct 1, 2016 | United Vip Credit Union | Ignite Credit Union |
| Oct 1, 2016 | Cheshire Health Federal Credit Union | Service Federal Credit Union |
| Oct 1, 2016 | Quinnipiac Valley Community Federal Credit Union | Membersfirst CT Federal Credit Union |
| Oct 1, 2016 | First and Citizens Bank | Summit Community Bank, Inc |
| Oct 1, 2016 | Ecolab Credit Union | Blaze Credit Union |
| Oct 1, 2016 | Sacred Heart of Corpus Christi Federal Credit Union | Alcose Credit Union |
| Oct 1, 2016 | Sumner National Bank of Sheldon | Iroquois Farmers State Bank |
| Oct 1, 2016 | The Peabody State Bank | Vintage Bank Kansas |
| Oct 1, 2016 | Peoples State Bank | Wayland State Bank |
| Oct 1, 2016 | Health Associates Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Oct 1, 2016 | (unnamed) | First American State Bank |
| Oct 1, 2016 | Seaboard Gateway Federal Credit Union | Liberty Federal Credit Union |
| Oct 1, 2016 | The Bank of Urbana | OakStar Bank |
| Oct 1, 2016 | Lehigh Valley Federal Credit Union | People First Federal Credit Union |
| Oct 1, 2016 | Citizens National Bank of Wills Point | The City National Bank of Sulphur Springs |
| Oct 1, 2016 | Chaco Credit Union, Inc. | Telhio Credit Union, 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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