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 |
|---|---|---|
| Aug 1, 2016 | Delaware Bancshares, Inc. | Norwood Financial Corp. |
| Aug 1, 2016 | First Fabens Bancorporation, Inc. | WestStar Bank Holding Company, Inc. |
| Aug 1, 2016 | Harvard Savings Bank | First Secure State Bank |
| Aug 1, 2016 | Sierra Point Credit Union | Financial Partners Credit Union |
| Jul 30, 2016 | Farmers State Bank Stanberry | HNB National Bank |
| Jul 30, 2016 | Xenith Bankshares, Inc. | Xenith Bankshares, Inc. |
| Jul 30, 2016 | Wilshire Bancorp, Inc. | Hope Bancorp, Inc. |
| Jul 30, 2016 | Xenith Bank | Xenith Bank |
| Jul 30, 2016 | Cornerstone Alliance, Ltd. | RCB Holding Company, Inc. |
| Jul 30, 2016 | Saint Edward Mercy Hospital Federal Credit Union | Multi-States Credit Union |
| Jul 30, 2016 | Wilshire Bank | Bank of Hope |
| Jul 30, 2016 | Equitable Co-operative Bank | Coastal Heritage Bank |
| Jul 30, 2016 | Cornerbank | RCB Bank |
| Jul 28, 2016 | Franklin County United Bancshares, Inc. | Sequatchie Valley Bancshares, Inc. |
| Jul 23, 2016 | Kilgore National Financial Corporation | VeraBank, Inc. |
| Jul 23, 2016 | Bankers Bancshares, Inc. | United Bankers' Bancorporation, Inc |
| Jul 23, 2016 | Great Lakes Bankers Bank | United Bankers' Bank |
| Jul 22, 2016 | C1 Bank | Bank OZK |
| Jul 22, 2016 | C1 Financial, Inc. | Bank of the Ozarks Inc |
| Jul 22, 2016 | Bailey, Inc. Employees Credit Union | Hercules First Federal Credit Union |
| Jul 21, 2016 | Community & Southern Bank | Bank OZK |
| Jul 21, 2016 | Community & Southern Holdings, Inc. | Bank of the Ozarks Inc |
| Jul 18, 2016 | Laporte Bancorp, Inc. | Horizon Bancorp, Inc. |
| Jul 18, 2016 | The La Porte Savings Bank | Horizon Bank |
| Jul 16, 2016 | First Bank & Trust Company | Citizens State Bank |
| Jul 16, 2016 | Lake National Bank | CNB Bank |
| Jul 16, 2016 | Dawson Bancshares, Inc. | Industry Bancshares, Inc. |
| Jul 16, 2016 | Bremen Bancorp, Inc. | Midwest Bankcentre, Inc. |
| Jul 16, 2016 | Bremen Bank and Trust Company | Midwest Bankcentre |
| Jul 14, 2016 | FSB Community Bankshares, MHC | FSB Bancorp, Inc. |
| Jul 14, 2016 | WCF Financial, M.H.C. | WCF Bancorp, Inc. |
| Jul 14, 2016 | Webster City Federal Bancorp | WCF Bancorp, Inc. |
| Jul 13, 2016 | Lexington B & L Financial Corp. | Nasb Financial, Inc. |
| Jul 13, 2016 | B&L Bank | North American Savings Bank, FSB |
| Jul 12, 2016 | Keystone Investment, Inc. | Sandhills Financial Services, LLC |
| Jul 9, 2016 | Hopkins Federal Savings Bank | Bay Bank, FSB |
| Jul 9, 2016 | Heritage Bank of Central Illinois | Morton Community Bank |
| Jul 9, 2016 | Coast Bancorp | Sierra Bancorp |
| Jul 9, 2016 | Frontenac Bank | Royal Banks of Missouri |
| Jul 9, 2016 | Coast National Bank | Bank of the Sierra |
| Jul 9, 2016 | Nebanco, Inc. | First Gothenburg Bancshares, Inc. |
| Jul 9, 2016 | Peoples Exchange Bank | American State Bank & Trust Company |
| Jul 9, 2016 | Farmers State Bank | Dayspring Bank |
| Jul 9, 2016 | Altura State Bank | Peoples State Bank of Plainview |
| Jul 2, 2016 | Norfolk Schools Federal Credit Union | Nma Federal Credit Union |
| Jul 1, 2016 | Delaware River Employees Federal Credit Cuion | Fort Billings Federal Credit Union |
| Jul 1, 2016 | Fox Chase Bank | Univest Bank and Trust Co. |
| Jul 1, 2016 | Jeff Davis Credit Union | Robins Financial Credit Union |
| Jul 1, 2016 | Eagle Credit Union | Unify Financial Federal Credit Union |
| Jul 1, 2016 | Farmers State Bank | Bank of the Valley |
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 |
Browse adjacent years: 2015 · 2017
Or jump to a category: Failures · Mergers · Enforcement · Assistance