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 |
|---|---|---|
| Nov 11, 2016 | Community First Bank | Equity Bank |
| Nov 11, 2016 | American Bank of Texas | First United Bank and Trust Company |
| Nov 11, 2016 | Arg Bradford Federal Credit Union | Mountain Laurel Federal Credit Union |
| Nov 11, 2016 | Sparta Union Bancshares, Inc. | River Holding Company |
| Nov 11, 2016 | North American Bancshares, Inc. | Spend Life Wisely Company, Inc. |
| Nov 11, 2016 | Wilburton State Bancshares, Inc. | First National Bank & Trust Company of McAlester |
| Nov 11, 2016 | Wallingford Municipal Federal Credit Union | Cornerstone Federal Credit Union |
| Nov 7, 2016 | The Central National Bank and Trust Company | Horizon Bank |
| Nov 7, 2016 | CNB Bancorp | Horizon Bancorp, Inc. |
| Nov 5, 2016 | Kilgore National Bank | VeraBank, N.A. |
| Nov 5, 2016 | Merrill Federal Savings and Loan Association | Crossbridge Community Bank |
| Nov 5, 2016 | State Bank in Eden Valley | Farmers and Merchants State Bank of Pierz |
| Nov 5, 2016 | Pulaski Bank National Association | Busey Bank |
| Nov 1, 2016 | High Point Bank and Trust Company | Bank of North Carolina |
| Nov 1, 2016 | FBC Bancorp, Inc. | Sunshine Bancorp, Inc. |
| Nov 1, 2016 | Florida Bank of Commerce | Sunshine Bank |
| Nov 1, 2016 | Thurston First Bank | Commencement Bank |
| Nov 1, 2016 | Tulip Cooperative Credit Union | Harborstone Credit Union |
| Nov 1, 2016 | High Point Bank Corporation | BNC Bancorp |
| Nov 1, 2016 | Culver City Employees Federal Credit Union | Glendale Federal Credit Union |
| Nov 1, 2016 | Board of Water Supply Federal Credit Union | Hawaiian Financial Federal Credit Union |
| Nov 1, 2016 | Cherry Employees Federal Credit Union | Orange County's Federal Credit Union |
| Nov 1, 2016 | Middconn Federal Credit Union | Dutch Point Credit Union |
| Nov 1, 2016 | A C Jaacks Credit Union | Illiana Financial Credit Union |
| Nov 1, 2016 | Ducote Federal Credit Union | Radifi Federal Credit Union |
| Nov 1, 2016 | Anchor Seven Federal Credit Union | Vystar Credit Union |
| Nov 1, 2016 | Indiana United Methodist Federal Credit Union | Christian Family Credit Union, Inc. |
| Nov 1, 2016 | High Plains Federal Credit Union | Pentagon Federal Credit Union |
| Nov 1, 2016 | Warden Captree Federal Credit Union | Consumers Federal Credit Union |
| Nov 1, 2016 | All Seasons Federal Credit Union | Indiana Members Credit Union |
| Nov 1, 2016 | Beech Island Credit Union | Peach State Federal Credit Union |
| Nov 1, 2016 | United Financial Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Nov 1, 2016 | Deluxe Laboratories Federal Credit Union | Gain Federal Credit Union |
| Oct 31, 2016 | Bip Federal Credit Union | Members Credit Union |
| Oct 29, 2016 | Teton Banks | First Security Bank |
| Oct 29, 2016 | First Dalhart Bancshares, Inc. | WSB Bancshares, Inc. |
| Oct 29, 2016 | Layton State Bank | North Shore Bank |
| Oct 29, 2016 | First National Bank in Dalhart | Wellington State Bank |
| Oct 28, 2016 | Bergen Federal Credit Union | Public Service Federal Credit Union |
| Oct 27, 2016 | Bank of Caneyville | The Sacramento Deposit Bank |
| Oct 27, 2016 | Caneyville Bancshares, Inc. | Sacramento Bancorp |
| Oct 26, 2016 | Our Lady of Victory Institut Federal Credit Union | Erie Metro Federal Credit Union |
| Oct 26, 2016 | Communityone Bank, National Association | Capital Bank Corporation |
| Oct 26, 2016 | Communityone Bancorp | Capital Bank Financial Corp. |
| Oct 22, 2016 | Indiana Business Bank | State Bank |
| Oct 22, 2016 | ANB Nevada Group, Inc. | ANB Bancshares, Inc. |
| Oct 22, 2016 | Provincial Bank | Frandsen Bank & Trust |
| Oct 22, 2016 | Chicopee Savings Bank | Westfield Bank |
| Oct 22, 2016 | Manistee Federal Credit Union | Wmcu |
| Oct 22, 2016 | The Citizens National Bank of Athens | Simmons Bank |
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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