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 |
|---|---|---|
| Jul 1, 2016 | First State Bank | Bankwest, Incorporated |
| Jul 1, 2016 | Brimfield Bank | Farmers & Mechanics Bank |
| Jul 1, 2016 | Bank of Floyd | Skyline National Bank |
| Jul 1, 2016 | Homeland Federal Credit Union | Post Office Employees Credit Union |
| Jul 1, 2016 | First Federal Savings Bank of Boston | Envision Bank |
| Jul 1, 2016 | Saint Pauls Parish Federal Credit Union | Oc Federal Credit Union |
| Jul 1, 2016 | First Bank of the South | First State Bank of Dekalb County, Inc. |
| Jul 1, 2016 | Freedom Federal Credit Union | Coastal Federal Credit Union |
| Jul 1, 2016 | Keystone Federal Credit Union | Trumark Credit Union |
| Jul 1, 2016 | Avenue Bank | Pinnacle Bank |
| Jul 1, 2016 | Oak Trust Credit Union | Northstar Credit Union |
| Jul 1, 2016 | Saint Lukes Credit Union | Communityamerica Federal Credit Union |
| Jul 1, 2016 | Monofrax Employees Federal Credit Union | Affinity One Federal Credit Union |
| Jul 1, 2016 | Mazon State Bank | First Community Financial Bank |
| Jul 1, 2016 | The Talbot Bank of Easton, Maryland | Shore United Bank, N.A. |
| Jul 1, 2016 | First State Refinery Federal Credit Union | Dexsta Federal Credit Union |
| Jul 1, 2016 | General Mills Employees Credit Union | Illiana Financial Credit Union |
| Jul 1, 2016 | Lake Federal Bank, FSB | First Savings Bank of Hegewisch |
| Jul 1, 2016 | First Rainsville Bancshares, Inc. | First State Bancshares of Dekalb County, Inc. |
| Jul 1, 2016 | Gresham Bancshares, Inc. | West End Financial Corp. |
| Jul 1, 2016 | Hassenstab Management Co., Inc. | Bellwood Community Holding Company |
| Jul 1, 2016 | Grayson Bankshares, Inc. | Skyline Bankshares, Inc. |
| Jul 1, 2016 | Cardinal Bankshares Corporation | Skyline Bankshares, Inc. |
| Jul 1, 2016 | Frontenac Bancshares, Inc. | Royal Acquisition LLC |
| Jul 1, 2016 | Tidelands Bank | United Community Bank |
| Jul 1, 2016 | 1st Century Bank, National Association | MidFirst Bank |
| Jul 1, 2016 | Avenue Financial Holdings, Inc. | Pinnacle Financial Partners, Inc. |
| Jul 1, 2016 | 1st Century Bancshares, Inc. | Midland Financial Co. |
| Jul 1, 2016 | Harmony Bank | Lakeland Bank |
| Jul 1, 2016 | Fox Chase Bancorp, Inc. | Univest Financial Corporation |
| Jul 1, 2016 | First Eastern Bankshares Corporation | Randolph Bancorp Inc. |
| Jul 1, 2016 | Fox Chase Financial, Inc | Univest Bank and Trust Co. |
| Jul 1, 2016 | Fox Chase Service Corporation | Univest Bank and Trust Co. |
| Jul 1, 2016 | Davisville Associates, LLC | Univest Bank and Trust Co. |
| Jun 30, 2016 | Globe Industries Employees Credit Union, Inc. | Firefighters & Company Federal Credit Union |
| Jun 30, 2016 | The Trust Company of Sterne Agee, Inc. | Stifel Trust Company N.A. |
| Jun 30, 2016 | First Port Byron Bancorp, Inc. | Blackhawk Bancorporation, Inc. |
| Jun 30, 2016 | Port Byron State Bank | Blackhawk Bank & Trust |
| Jun 30, 2016 | Erie Shores Community Federal Credit Union | Cardinal Credit Union, Inc. |
| Jun 30, 2016 | Youngstown Ohio City Employees Federal Credit Union | Cardinal Credit Union, Inc. |
| Jun 28, 2016 | Clearfield Stone Workers Federal Credit Union | Priority First Federal Credit Union |
| Jun 27, 2016 | Reid Temple Ame Church Federal Credit Union | WSSC Federal Credit Union |
| Jun 25, 2016 | Monarch Bank | TowneBank |
| Jun 25, 2016 | Monarch Financial Holdings, Inc | TowneBank |
| Jun 20, 2016 | (unnamed) | Dundee Bank |
| Jun 18, 2016 | Pan American Bank | Beneficial State Bank |
| Jun 18, 2016 | Rural Bancshares of Wisconsin, Inc. | Boscobel Bancorp, Inc. |
| Jun 18, 2016 | Valley Bank and Trust Co. | Western States Bank |
| Jun 18, 2016 | Rancocas Federal Credit Union | Healthcare Employees Federal Credit Union |
| Jun 17, 2016 | Southcoast Financial Corporation | BNC Bancorp |
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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