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 |
|---|---|---|
| May 16, 2016 | HF Financial Corp. | Great Western Bancorp, Inc. |
| May 16, 2016 | Home Federal Bank | Great Western Bank |
| May 14, 2016 | Franklin Grove Bank | The First National Bank in Amboy |
| May 14, 2016 | Fraternity Community Bancorp, Inc. | Hamilton Bancorp, Inc. |
| May 14, 2016 | Fox River Valley Bancorp, Inc. | County Bancorp, Inc. |
| May 14, 2016 | The Business Bank | Investors Community Bank |
| May 14, 2016 | Fraternity Federal Savings and Loan Association | Hamilton Bank |
| May 7, 2016 | Jourdanton State Bank | First Commercial Bank, N.A. |
| May 7, 2016 | Jourdanton Bancshares, Inc. | First Commercial Financial Corp |
| May 7, 2016 | Community Guaranty Corporation | BNH Financial |
| May 7, 2016 | Community Guaranty Savings Bank | Bank of New Hampshire |
| May 7, 2016 | State Bank of Drummond | Chippewa Valley Bank |
| May 2, 2016 | Schuylkill Federal Credit Union | Hidden River Credit Union |
| May 2, 2016 | Cape Bancorp, Inc. | OceanFirst Financial Corp. |
| May 2, 2016 | Pennypack Federal Credit Union | Reliance Federal Credit Union |
| May 2, 2016 | Suffolk Virginia City Employees Federal Credit Union | Portalliance Federal Credit Union |
| May 2, 2016 | Panhandle Cooperative Federal Credit Union | Meridian Trust Federal Credit Union |
| May 2, 2016 | Cape Bank | OceanFirst Bank, N.A. |
| May 1, 2016 | Liberty Bank of Maryland | Kopernik Bank |
| May 1, 2016 | Pulaski Financial Corp. | First Busey Corporation |
| May 1, 2016 | WDS Holdings, Inc. | Wells Fargo & Company |
| May 1, 2016 | Anchor Bancorp Wisconsin, Inc. | Old National Bancorp |
| May 1, 2016 | Commerce Mortgage Corp. | Commerce Bank |
| May 1, 2016 | Ewing Agency, Inc. | Chambanco, Inc. |
| May 1, 2016 | MY Postal Credit Union | Vibe Credit Union |
| May 1, 2016 | Inter-State Federal Savings and Loan Association of Kansas City | First Federal Bank of Kansas City |
| May 1, 2016 | Belvoir Federal Credit Union | Pentagon Federal Credit Union |
| May 1, 2016 | AnchorBank, FSB | Old National Bank |
| May 1, 2016 | National Bank of California | Commercial Bank of California |
| May 1, 2016 | Gasco Eastern District Federal Credit Union | Arc Federal Credit Union |
| May 1, 2016 | American Bank of Huntsville | Avadian Credit Union |
| May 1, 2016 | Heinz - Del Monte Federal Credit Union | Clearview Federal Credit Union |
| May 1, 2016 | Monroe Credit Union | Pelican Credit Union |
| May 1, 2016 | United-American Savings Bank | The Farmers National Bank of Emlenton |
| May 1, 2016 | Amicus Federal Credit Union | Horizon Credit Union |
| May 1, 2016 | Lubbock County Schools Federal Credit Union | Texas Tech Federal Credit Union |
| May 1, 2016 | The San Gabriel Valley Postal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| May 1, 2016 | Norfolk Virginia Postal Credit Union | Bayport Federal Credit Union |
| May 1, 2016 | Grange Mutual Employees Credit Union, Inc. | Telhio Credit Union, Inc. |
| May 1, 2016 | Corco Federal Credit Union | Pathways Financial Credit Union, Inc. |
| Apr 30, 2016 | Park Bancorp, Inc. | Royal Financial, Inc. |
| Apr 30, 2016 | Park Federal Savings Bank | Royal Savings Bank |
| Apr 30, 2016 | The First National Bank of Eagle River | mBank |
| Apr 30, 2016 | Educational Credit Union | Azura Credit Union |
| Apr 30, 2016 | Kcumb Credit Union | Communityamerica Federal Credit Union |
| Apr 30, 2016 | Baylake Bank | Nicolet National Bank |
| Apr 30, 2016 | United Financial Services Federal Credit Union | Advanced Financial Federal Credit Union |
| Apr 30, 2016 | Baylake Corp. | Nicolet Bankshares, Inc. |
| Apr 30, 2016 | Cumberland County Bank | One Bank of Tennessee |
| Apr 30, 2016 | American Midwest Bank | Heartland Bank and Trust Company |
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 |
Browse adjacent years: 2015 · 2017
Or jump to a category: Failures · Mergers · Enforcement · Assistance