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 1, 2016 | First National Bank | Citizens State Bank |
| Oct 1, 2016 | Arkansas Valley Federal Credit Union | Fellowship Credit Union |
| Oct 1, 2016 | The Heritage Federal Credit Union | Rocky Mountain Credit Union |
| Oct 1, 2016 | Howard County Employees Federal Credit Union | Complex Community Federal Credit Union |
| Oct 1, 2016 | Polk County Schools Employees Credit Union | Serve Credit Union |
| Oct 1, 2016 | Printing Office Employees Credit Union | Pasadena Service Federal Credit Union |
| Oct 1, 2016 | Chicopee Municipal Employees Credit Union | Polish National Credit Union |
| Oct 1, 2016 | Blue Cross Blue Shield K C Credit Union | United Consumers Credit Union |
| Oct 1, 2016 | Rpi Employees Federal Credit Union | NY Firefighters Bravest Federal Credit Union |
| Oct 1, 2016 | Pittsburgh Central Federal Credit Union | Chrome Federal Credit Union |
| Sep 30, 2016 | Southern Heritage Bank | First Citizens National Bank |
| Sep 30, 2016 | The State Bank of Hildreth | Cornerstone Bank |
| Sep 24, 2016 | First State Bancorp, Inc. | Woodson Bancshares, Inc. |
| Sep 21, 2016 | Farmers State Bank | Chambers State Bank |
| Sep 19, 2016 | Central Credit Union, Inc | Pathways Financial Credit Union, Inc. |
| Sep 17, 2016 | Keokuk Savings Bank and Trust Company | Connection Bank |
| Sep 17, 2016 | Home Savings Bank | Legends Bank |
| Sep 17, 2016 | The First National Bank of Emory | Commercial Bank of Texas, N.A. |
| Sep 16, 2016 | Regent Bank | Stonegate Bank |
| Sep 13, 2016 | Capac Bancorp, Inc. | County Bank Corp |
| Sep 10, 2016 | Bloomburg State Bank | The First National Bank of Hughes Springs |
| Sep 10, 2016 | SCSB Real Estate Holdings, LLC | WesBanco Bank, Inc. |
| Sep 10, 2016 | YCB Real Estate Holdings LLC | WesBanco Bank, Inc. |
| Sep 10, 2016 | Your Community Bankshares, Inc. | WesBanco, Inc. |
| Sep 10, 2016 | Kenosha Postal Employees Credit Union | Trustone Financial Credit Union |
| Sep 10, 2016 | Paragon Bank | Peoples State Bank of Wells |
| Sep 10, 2016 | American Bank | National Exchange Bank and Trust |
| Sep 10, 2016 | Prosper Bank | Texas Bank |
| Sep 10, 2016 | Your Community Bank | WesBanco Bank, Inc. |
| Sep 9, 2016 | Home State Bancorp | Guaranty Bancorp |
| Sep 9, 2016 | First Clover Leaf Financial Corp | First Mid Bancshares, Inc. |
| Sep 9, 2016 | The Home State Bank | Guaranty Bank and Trust Company |
| Sep 7, 2016 | Foundation Bancorp, Inc. | Pacific Continental Corporation |
| Sep 7, 2016 | Foundation Bank | Pacific Continental Bank |
| Sep 3, 2016 | Alta Vista Bancshares, Inc. | Farmers and Drovers Financial Corp |
| Sep 3, 2016 | The Alta Vista State Bank | Farmers and Drovers Bank |
| Sep 2, 2016 | Bridgeview Bank Mortgage Company, LLC | Bridgeview Bank Group |
| Sep 2, 2016 | Wilmington Trust Fiduciary Services Company | Wilmington Trust, N.A. |
| Sep 1, 2016 | Cory Methodist Church Credit Union, Inc. | Eaton Family Credit Union |
| Sep 1, 2016 | Cordia Bancorp, Inc. | First-Citizens Bank & Trust Company |
| Sep 1, 2016 | Talmer Bancorp Inc. | TCF Financial Corporation |
| Sep 1, 2016 | Treasure State Bank | Glacier Bank |
| Sep 1, 2016 | Cbin Subsidiary, Inc. | Your Community Bankshares, Inc. |
| Sep 1, 2016 | Bank of Virginia | First-Citizens Bank & Trust Company |
| Sep 1, 2016 | South Central Texas Commercial Corporation | Round Top Bancshares, Inc. |
| Sep 1, 2016 | Investors Independent Trust Company | Midwest Trust Company |
| Sep 1, 2016 | Peoples State Bank & Trust | Pineland Bank |
| Sep 1, 2016 | Jefferson County Public Employees Credit Union | Connections Credit Union |
| Sep 1, 2016 | Family Federal Credit Union | Self-Help Federal Credit Union |
| Sep 1, 2016 | Pineland State Bank | Pineland Bank |
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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