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 |
|---|---|---|
| Jun 17, 2016 | SouthCoast Community Bank | Bank of North Carolina |
| Jun 12, 2016 | FSB Corp. | Nbe Bancshares, Inc. |
| Jun 12, 2016 | Farmers State Bank of Sublette | Pioneer State Bank |
| Jun 11, 2016 | Congaree State Bank | CresCom Bank |
| Jun 11, 2016 | Congaree Bancshares, Inc. | Carolina Financial Corporation |
| Jun 7, 2016 | Faith Based Federal Credit Union | Frontwave Credit Union |
| Jun 4, 2016 | Linn County State Bank | Community Savings Bank |
| Jun 4, 2016 | Bank of Georgetown | United Bank |
| Jun 4, 2016 | Baileyville Bancshares, Inc. | Elkcorp, Inc. |
| Jun 4, 2016 | The Baileyville State Bank | Elk State Bank |
| Jun 4, 2016 | First State Bank of West Salem | The First National Bank of Allendale |
| Jun 2, 2016 | Trivoli Bancorp, Inc. | Hometown Community Bancorp, Inc. |
| Jun 1, 2016 | St. Gertrude's Credit Union | Guadalupe Credit Union |
| Jun 1, 2016 | San Antonio Trust Company, Lta | Texas Partners Bank |
| Jun 1, 2016 | Green Valley Bancorp, MHC | SSB Community Bancorp MHC |
| Jun 1, 2016 | Green Valley Bancorp, Inc. | Peoplesbancorp, Inc |
| Jun 1, 2016 | Pathfinder Commercial Bank | Pathfinder Bank |
| Jun 1, 2016 | Stark Metropolitan Housing Authority Federal Credit Union | Eaton Family Credit Union |
| Jun 1, 2016 | Calumet Bancshares, Inc. | Calumet Bancorporation, Inc. |
| Jun 1, 2016 | Kosciusko Financial, Inc. | Horizon Bancorp, Inc. |
| Jun 1, 2016 | F M Co. | FM Group, Inc. |
| Jun 1, 2016 | Florida Baptist Credit Union | First Florida Credit Union |
| Jun 1, 2016 | Union Oil Santa Fe Springs Employees Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jun 1, 2016 | Division 694 Motor Coach Employees Federal Credit Union | Select Federal Credit Union |
| Jun 1, 2016 | Cornerstone Credit Union | Pioneer Federal Credit Union |
| Jun 1, 2016 | Clinton Federal Credit Union | Founders Federal Credit Union |
| Jun 1, 2016 | Frontier Community Credit Union | Peoples Credit Union |
| Jun 1, 2016 | Akron Police Department Credit Union, Inc. | Akron Fire Police Credit Union, Inc. |
| Jun 1, 2016 | Farmers State Bank | Horizon Bank |
| Jun 1, 2016 | Pine Creek Federal Credit Union | Hapo Community Credit Union |
| Jun 1, 2016 | Puget Sound Federal Credit Union | Qualstar Credit Union |
| Jun 1, 2016 | San Francisco Municipal Railway Employees Federal Credit Union | Unify Financial Federal Credit Union |
| Jun 1, 2016 | Edison Financial Credit Union, Incorporated | Cardinal Credit Union, Inc. |
| Jun 1, 2016 | Calumet County Bank | State Bank of Chilton |
| May 31, 2016 | Burlington Bancshares, Inc. | Burlington Holdings, Inc. |
| May 22, 2016 | Employees Credit Union | Ascend Federal Credit Union |
| May 21, 2016 | ProAmerica Bank | Pacific Commerce Bank |
| May 21, 2016 | Associated Federal Credit Union | Inova Federal Credit Union |
| May 21, 2016 | Farmers Bancshares, Inc. | First Cecilian Bancorp, Inc. |
| May 21, 2016 | Central Bank | First State Community Bank |
| May 21, 2016 | First National Bank of the Lakes | Bridgewater Bank |
| May 21, 2016 | Leitchfield Deposit Bank & Trust Company | The Cecilian Bank |
| May 21, 2016 | The Farmers Bank | The Cecilian Bank |
| May 21, 2016 | Cheviot Savings Bank | MainSource Bank |
| May 21, 2016 | Cheviot Financial Corporation | Mainsource Financial Group, Inc. |
| May 18, 2016 | Cornerstone Community Bank | Republic Bank & Trust Company |
| May 18, 2016 | Forrest-Petal Educational Federal Credit Union | Centuryfirst Federal Credit Union |
| May 18, 2016 | Cornerstone Bancorp, Inc. | Republic Bancorp, Inc. |
| May 17, 2016 | Community Bank of Northern Wisconsin | Ccfbank N.A. |
| May 16, 2016 | Preston National Bank | AccessBank Texas |
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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