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 |
|---|---|---|
| Dec 31, 2016 | City of Raleigh Employees Credit Union | Civic Federal Credit Union |
| Dec 29, 2016 | MBFS Holdings, Inc. | Plaza Bank |
| Dec 23, 2016 | MLHM, Inc. | Bana Holding Corporation |
| Dec 20, 2016 | Little River Bank | First Community Bank |
| Dec 17, 2016 | First State Bank of Okabena (Incorporated) | Currie State Bank |
| Dec 17, 2016 | Security First Bank | Suncrest Bank |
| Dec 17, 2016 | Bank Computer Services, Inc. | Citizens State Bank of New Castle |
| Dec 15, 2016 | American Patriot Bank | Apex Bank |
| Dec 14, 2016 | Pacoe Federal Credit Union | PRR South Fork Federal Credit Union |
| Dec 14, 2016 | Salt Creek Credit Union | Vibrant Credit Union |
| Dec 10, 2016 | (unnamed) | Blue Ridge Bank, N.A. |
| Dec 6, 2016 | Happy Bancshares of Delaware, Inc. | Happy Bancshares, Inc. |
| Dec 6, 2016 | Rudolph Bancshares, Inc. | First State Bancshares, Inc. |
| Dec 5, 2016 | Wesley Ame Zion Federal Credit Union | Northwood Federal Credit Union |
| Dec 4, 2016 | Bancroft State Bank | The Portage County Bank |
| Dec 3, 2016 | CSB Bank | Lakestone Bank & Trust |
| Dec 3, 2016 | First Choice Bank | Berkshire Bank |
| Dec 3, 2016 | American Trust Bank of East Tennessee | Citizens Bank |
| Dec 3, 2016 | Livingston State Bank | Community First Bank |
| Dec 1, 2016 | IT&S of Iowa, Inc. | Community Bancshares Corp. |
| Dec 1, 2016 | Ocean Shore Holding Company | OceanFirst Financial Corp. |
| Dec 1, 2016 | Acadia Trust, N.A. | Camden National Bank |
| Dec 1, 2016 | West Coast Federal Credit Union | Ficare Federal Credit Union |
| Dec 1, 2016 | Grocers Supply Employee Credit Union | Texas Bay Credit Union |
| Dec 1, 2016 | Pointe Coupee Education Association Federal Credit Union | Essential Credit Union |
| Dec 1, 2016 | Berea Credit Union, Inc. | Park Federal Credit Union dba Park Community Credit Union |
| Dec 1, 2016 | Fiscal Credit Union | Unify Financial Federal Credit Union |
| Dec 1, 2016 | Desert Medical Federal Credit Union | Credit Union West |
| Dec 1, 2016 | TruBank | Trubank |
| Dec 1, 2016 | Ocean City Home Bank | OceanFirst Bank, N.A. |
| Nov 30, 2016 | Avon Bancshares, Inc. | American Heritage Holding Company |
| Nov 27, 2016 | Ecai Federal Credit Union | Northwood Federal Credit Union |
| Nov 27, 2016 | C.B.C. Federal Credit Union | Northwood Federal Credit Union |
| Nov 27, 2016 | Bright Hope Federal Credit Union | Northwood Federal Credit Union |
| Nov 23, 2016 | Banco Harlan, Inc. | Monticello Bankshares, Inc. |
| Nov 22, 2016 | Randolph County School Employees Federal Credit Union | Home Federal Credit Union |
| Nov 19, 2016 | Delta National Bancorp | Farmers & Merchants Bancorp |
| Nov 19, 2016 | First Community Financial Corporation | Wintrust Financial Corporation |
| Nov 19, 2016 | First Community Bank | St. Charles Bank & Trust Company, N.A. |
| Nov 19, 2016 | Delta Bank, National Association | Farmers & Merchants Bank of Central California |
| Nov 15, 2016 | Bank of Keystone | Sandhills State Bank |
| Nov 15, 2016 | So-Val Tel Federal Credit Union | Educational Employees Credit Union |
| Nov 12, 2016 | Marine Bank and Trust | United Community Bank |
| Nov 12, 2016 | Brown County State Bank | United Community Bank |
| Nov 11, 2016 | Wilburton State Bank | First National Bank & Trust Company of McAlester |
| Nov 11, 2016 | New England Bancorp Inc | Independent Bank Corp. |
| Nov 11, 2016 | Independence Bank of Georgia | Vallant Bank |
| Nov 11, 2016 | Talmer Bank and Trust | Chemical Bank |
| Nov 11, 2016 | Bank of Cape Cod | Rockland Trust Company |
| Nov 11, 2016 | Community First Bancshares, Inc. | Equity Bancshares, Inc. |
The list holds 500 of the 655 mergers recorded for 2016.
Enforcement Actions in 2016
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Aug 5, 2016 Released Jan 11, 2018 | FRB | (individual) | Written Agreement: Liberty Bank, South San Francisco, California |
| Aug 3, 2016 | FRB | (individual) | Notice of Intent: Joseph Jiampietro |
| Aug 3, 2016 | FRB | The Goldman Sachs Group, Inc. | Civil Money Penalty, $36,300,000: The Goldman Sachs Group, Inc., New York, New York |
| Aug 2, 2016 | FRB | (individual) | Section 19 Letters: Michael Oppenheim |
| Aug 2, 2016 Released Aug 3, 2016 | FRB | The Goldman Sachs Group, Inc. | Cease and Desist Order: The Goldman Sachs Group, Inc., New York, New York |
| Jul 27, 2016 Released Jul 28, 2016 | FRB | Columbus Junction State Bank | Prohibition from Banking: Thomas H. Huston |
| Jul 27, 2016 Released Jul 28, 2016 | FRB | Columbus Junction State Bank | Prohibition from Banking: T. Mark Huston |
| Jul 25, 2016 | OCC | Fidelity Bank of Florida, N.A. | Prohibition/Removal Orders: Guldi, James E. |
| Jul 25, 2016 | OCC | First Niagara Bank, N.A. | Civil Money Penalty (CMP): First Niagara Bank, National Association |
| Jul 25, 2016 | OCC | Fidelity Bank of Florida, N.A. | Civil Money Penalty (CMP): Guldi, James E. |
| Jul 20, 2016 | OCC | Business Bank of Texas, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Business Bank of Texas, National Association |
| Jul 19, 2016 | FRB | Barclays Bank PLC | Prohibition from Banking: Matthew Gardiner |
| Jul 15, 2016 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Clarice A. Watkins |
| Jul 15, 2016 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Tajudeen A. Rabiu |
| Jul 15, 2016 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Elisa Feliciano |
| Jul 11, 2016 | OCC | SoFi Bank, N.A. | Notice of Charges: Dowdell, Kirk N. |
| Jun 30, 2016 Released Aug 29, 2016 | FRB | Barclays Bank PLC | Notice of Intent: Christopher Ashton |
| Jun 30, 2016 | OCC | First National Bank PLC | Notice of Charges: Overby, Archie G. |
| Jun 28, 2016 | FRB | Regions Bank | Section 19 Letters: Carol Rushton |
| Jun 24, 2016 | OCC | Superior Bank | Notice of Charges: McKinnon, William C. |
| Jun 24, 2016 | OCC | Superior Bank | Notice of Charges: Pomeroy, Kenneth D. |
| Jun 17, 2016 | FRB | Regions Bank | Section 19 Letters: Gayle Boyd |
| Jun 14, 2016 | OCC | (individual) | Prohibition/Removal Orders: Janini, Angela L. |
| Jun 13, 2016 Released Jun 16, 2016 | FRB | (individual) | Cease and Desist Order: Affinity Financial Corporation, Newport Beach, California, and Waterfield Financial Services, … |
| Jun 10, 2016 | FRB | Orrstown Bank | Section 19 Letters: Mindy S. Dolbin-Degrave |
| Jun 10, 2016 | FRB | (individual) | Section 19 Letters: Stephanie Ann McCane |
| Jun 9, 2016 | FRB | Profile Bank | Section 19 Letters: Jennifer Dube |
| May 31, 2016 | OCC | Transact Bank, N.A. | Formal Agreement: Colorado National Bank |
| May 24, 2016 | OCC | Carver Federal Savings Bank | Formal Agreement: Carver Federal Savings Bank |
| May 24, 2016 | OCC | Wells Fargo Bank, N.A. | Civil Money Penalty (CMP): Wells Fargo Bank, National Association |
| May 12, 2016 | FRB | (individual) | Section 19 Letters: Marikay L. Mulholland |
| May 11, 2016 Released May 17, 2016 | FRB | (individual) | Civil Money Penalty, $27,285: First Community Bank, Glasgow, Montana |
| May 10, 2016 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Regina M. Williamson |
| May 5, 2016 | OCC | The Northumberland National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Northumberland National Bank |
| May 3, 2016 | OCC | Gibraltar Private Bank & Trust Co. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ellis, Lisa |
| Apr 28, 2016 | OCC | TCF National Bank | Civil Money Penalty (CMP): TCF National Bank |
| Apr 26, 2016 Released May 3, 2016 | FRB | Farmers and Merchants Bank of Ashland | Civil Money Penalty, $6,200: Farmers & Merchants Bank of Ashland, Ashland, Nebraska |
| Apr 19, 2016 | OCC | The First National Bank of Scott City | Formal Agreement: The First National Bank of Scott City |
| Apr 18, 2016 | OCC | Stearns Bank N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Stearns Bank National Association |
| Apr 18, 2016 | OCC | Stearns Bank N.A. | Civil Money Penalty (CMP): Stearns Bank National Association |
| Apr 14, 2016 | FRB | D'Hanis State Bank | Section 19 Letters: Laurie Mayfield |
| Apr 13, 2016 Released Apr 14, 2016 | FRB | (individual) | Cease and Desist Order: Gentry Parker |
| Apr 12, 2016 | OCC | HSBC Bank USA, N.A. | C&D or PC&D Requiring Restitution: HSBC Bank USA, National Association |
| Apr 12, 2016 | OCC | HSBC Bank USA, N.A. | Civil Money Penalty (CMP): HSBC Bank USA, National Association |
| Apr 12, 2016 | OCC | HSBC Bank USA, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): HSBC Bank USA, National Association |
| Apr 12, 2016 | FRB | (individual) | Section 19 Letters: Jason Gross |
| Apr 12, 2016 Released Aug 14, 2018 | FRB | Commercewest Bank | Cease and Desist Order: CommerceWest Bank, Irvine, California |
| Apr 4, 2016 | OCC | United Americas Bank, N.A. | Notice of Charges: Blanton, William R. |
| Apr 1, 2016 | FRB | Country Bancorporation | Section 19 Letters: Heidi Wagler |
| Mar 30, 2016 | FRB | The Croghan Colonial Bank | Section 19 Letters: Alice Perry |
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