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 |
|---|---|---|
| Sep 1, 2016 | The First National Bank of Niagara | mBank |
| Sep 1, 2016 | Members 1st Community Federal Credit Union | Statewide Federal Credit Union |
| Sep 1, 2016 | Citizens State Bank | Pineland Bank |
| Sep 1, 2016 | Monessen School Employees Federal Credit Union | Valley 1st Community Federal Credit Union |
| Sep 1, 2016 | Florence Dupont Employees Federal Credit Union | South Carolina Federal Credit Union |
| Sep 1, 2016 | Jeff-Co Schools Federal Credit Union | Kaskaskia Valley Credit Union |
| Sep 1, 2016 | Trustus Federal Credit Union | Texas Trust Credit Union |
| Sep 1, 2016 | Postmark Credit Union | Xceed Financial Credit Union |
| Sep 1, 2016 | United Services Federal Credit Union | Sun Federal Credit Union |
| Sep 1, 2016 | Fidelity National Bank | Abbybank |
| Aug 31, 2016 | Central Hudson Employees Federal Credit Union | Mid-Hudson Valley Federal Credit Union |
| Aug 31, 2016 | Saint Joseph Hospital Credit Union | Triangle Credit Union |
| Aug 29, 2016 | Franklin County United Bank | Citizens Tri-County Bank |
| Aug 27, 2016 | Capital Bank | Royal Credit Union |
| Aug 25, 2016 | American Chartered Bancorp, Inc. | MB Financial, Inc. |
| Aug 25, 2016 | American Chartered Bank | MB Financial Bank, National Association |
| Aug 24, 2016 | PNC Funding Corp. | The PNC Financial Services Group, Inc. |
| Aug 22, 2016 | Hurlbut Employees Federal Credit Union | Greylock Federal Credit Union |
| Aug 20, 2016 | The Stockton National Bank | Solutions North Bank |
| Aug 16, 2016 | Firstmerit Corporation | Huntington Bancshares Incorporated |
| Aug 16, 2016 | Firstmerit Bank, National Association | The Huntington National Bank |
| Aug 15, 2016 | Immanuel Baptist Church Federal Credit Union | Unity Financial |
| Aug 13, 2016 | Flathead Bank of Bigfork, Montana | First Interstate Bank |
| Aug 13, 2016 | The Bank of Oswego | HomeStreet Bank |
| Aug 13, 2016 | Penn Liberty Bank | Wilmington Savings Fund Society, FSB |
| Aug 13, 2016 | Penn Liberty Financial Corp | WSFS Financial Corporation |
| Aug 13, 2016 | First Live Oak Bancshares, Inc. | County Bancshares, Inc. |
| Aug 13, 2016 | West Michigan Bank & Trust | West Shore Bank |
| Aug 10, 2016 | Cornerstone Baptist Church Federal Credit Union | Consumers Federal Credit Union |
| Aug 6, 2016 | Milton Bancorp, Inc. | Ohio Valley Banc Corp. |
| Aug 6, 2016 | First Safety Bank | First State Bank |
| Aug 6, 2016 | The Milton Banking Company | The Ohio Valley Bank Company |
| Aug 2, 2016 | Prime Pacific Bank, National Association | Bank of the Cascades |
| Aug 2, 2016 | Tri-Parish Bancshares, Ltd. | Pedestal Bancshares, Inc. |
| Aug 2, 2016 | Prime Pacific Financial Services, Inc. | Cascade Bancorp |
| Aug 1, 2016 | Alamo Federal Credit Union | Pentagon Federal Credit Union |
| Aug 1, 2016 | Okey-Vernon First National Bank | TS Bank |
| Aug 1, 2016 | Lamar Civic Federal Credit Union | Peoples Credit Union |
| Aug 1, 2016 | Oral Federal Credit Union | Hawaiian Financial Federal Credit Union |
| Aug 1, 2016 | Wat Federal Credit Union | First Harvest Federal Credit Union |
| Aug 1, 2016 | Mid America Bank | Advia Credit Union |
| Aug 1, 2016 | Oswego Heritage Federal Credit Union | Compass Federal Credit Union |
| Aug 1, 2016 | Irondequoit Federal Credit Union | Wit Federal Credit Union |
| Aug 1, 2016 | Northwest Georgia Credit Union | Coosa Valley Credit Union |
| Aug 1, 2016 | First National Bank | WestStar Bank |
| Aug 1, 2016 | RCT Federal Credit Union | Peach State Federal Credit Union |
| Aug 1, 2016 | The National Bank of Delaware County | Wayne Bank |
| Aug 1, 2016 | Colorado East Bank & Trust | TBK Bank, SSB |
| Aug 1, 2016 | Country Bank | State Bank of Arizona |
| Aug 1, 2016 | First Niagara Financial Group, Inc. | KeyCorp |
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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