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 |
|---|---|---|---|
| Mar 30, 2016 | FRB | (individual) | Section 19 Letters: Bridget C. Bade |
| Mar 30, 2016 | FRB | Comerica Bank | Section 19 Letters: Brenda Paul |
| Mar 29, 2016 | OCC | The Somerville National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Somerville National Bank |
| Mar 29, 2016 | FRB | Rhode Island National Corporation | Section 19 Letters: Victor Silva |
| Mar 24, 2016 | OCC | Neighborhood National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Neighborhood National Bank |
| Mar 23, 2016 | OCC | Valley Capital Bank, N.A. | C&D or PC&D Requiring Restitution: Ellsworth, Steven J. |
| Mar 23, 2016 | OCC | Valley Capital Bank, N.A. | C&D or PC&D Requiring Restitution: Stevenson, Kevin W. |
| Mar 23, 2016 | OCC | Valley Capital Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Stevenson, Kevin W. |
| Mar 23, 2016 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Eric I. Morton |
| Mar 23, 2016 | OCC | Valley Capital Bank, N.A. | Civil Money Penalty (CMP): Ellsworth, Steven J. |
| Mar 23, 2016 | OCC | Valley Capital Bank, N.A. | Civil Money Penalty (CMP): Stevenson, Kevin W. |
| Mar 23, 2016 | OCC | Valley Capital Bank, N.A. | Prohibition/Removal Orders: Ellsworth, Steven J. |
| Mar 23, 2016 | OCC | First National Bank | Prohibition/Removal Orders: Farrell, Jeffrey Allen |
| Mar 23, 2016 | OCC | Valley Capital Bank, N.A. | Prohibition/Removal Orders: Stevenson, Kevin W. |
| Mar 23, 2016 | OCC | Valley Capital Bank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ellsworth, Steven J. |
| Mar 17, 2016 | OCC | Superior Bank | Prohibition/Removal Orders: Parrish, Robert |
| Mar 16, 2016 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Ryan R. Heckman |
| Mar 15, 2016 | OCC | Gibraltar Private Bank & Trust Co. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sanders, Charles |
| Mar 15, 2016 | OCC | Gibraltar Private Bank & Trust Co. | Civil Money Penalty (CMP): Sanders, Charles |
| Mar 14, 2016 Released Mar 24, 2016 | FRB | National Bank of Pakistan | Written Agreement: National Bank of Pakistan, Karachi, Pakistan and National Bank of Pakistan, New … |
| Mar 8, 2016 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Robert Hance |
| Mar 3, 2016 | OCC | Superior Bank | Prohibition/Removal Orders: Hall, George |
| Mar 3, 2016 Released Nov 28, 2023 | FRB | Hazard Bancorp | Written Agreement: Hazard Bancorp, Hazard, Kentucky, and Peoples Bank and Trust Company of Hazard, … |
| Mar 3, 2016 | OCC | Superior Bank | Prohibition/Removal Orders: Scott, Charles Marvin |
| Mar 3, 2016 | OCC | Superior Bank | Prohibition/Removal Orders: Maddox, Dewayne Shannon |
| Mar 3, 2016 | OCC | Superior Bank | Prohibition/Removal Orders: Figlweski, John |
| Mar 2, 2016 | FRB | Comerica Bank | Section 19 Letters: Scott Drogs |
| Mar 2, 2016 | FRB | Comerica Bank | Section 19 Letters: Monay Jacobs |
| Feb 25, 2016 | FRB | (individual) | Section 19 Letters: Joseph Graziano, Jr. |
| Feb 24, 2016 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Kathryn A. Jackson |
| Feb 24, 2016 Released Dec 6, 2022 | FRB | (individual) | Written Agreement: Industrial Bank of Korea, Seoul, Korea, and Industrial Bank of Korea New … |
| Feb 24, 2016 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Kimberly Thomas-McDade |
| Feb 23, 2016 | FRB | M&T Bank Corporation | Section 19 Letters: Michael A. Whipple |
| Feb 23, 2016 | OCC | Gibraltar Private Bank & Trust Co. | Civil Money Penalty (CMP): Gibraltar Private Bank & Trust Co. |
| Feb 22, 2016 | FRB | (individual) | Section 19 Letters: David Thomas Prawdzik |
| Feb 22, 2016 | OCC | Hometown Bank of the Hudson Valley | Formal Agreement: Hometown Bank of The Hudson Valley |
| Feb 22, 2016 | FRB | First National Bank, Fort Dodge, Iowa | Section 19 Letters: Lisa Kay Langner |
| Feb 22, 2016 | FRB | (individual) | Section 19 Letters: Kimberly M. Misky |
| Feb 22, 2016 | FRB | (individual) | Section 19 Letters: Jennifer Leigh Upright |
| Feb 18, 2016 | FRB | Arvest Bank | Section 19 Letters: Henry Dennis Smiley, Jr. |
| Feb 17, 2016 | OCC | Blue Grass Federal Savings and Loan Association | Formal Agreement: Blue Grass FS & LA |
| Feb 8, 2016 | OCC | Santander Bank, N.A. | Civil Money Penalty (CMP): Santander Bank, National Association |
| Feb 8, 2016 | OCC | U.S. Bank N.A. | Civil Money Penalty (CMP): U.S. Bank National Association |
| Feb 5, 2016 | FRB | HSBC North America Holdings Inc. | Civil Money Penalty, $131,000,000: HSBC North America Holdings, Inc., New York, New York |
| Feb 4, 2016 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Christopher D. Boston |
| Feb 3, 2016 | OCC | Gibraltar Bank | Formal Agreement: Gibraltar Bank |
| Feb 3, 2016 | OCC | Superior Bank | Prohibition/Removal Orders: Bailey, Charles Stanley |
| Feb 3, 2016 | OCC | Superior Bank | Prohibition/Removal Orders: Roberts, Charles Wesley |
| Feb 2, 2016 | OCC | Bank of Indiana, N.A. | Civil Money Penalty (CMP): Fehrenbach, Dan J. |
| Feb 2, 2016 | OCC | Bank of Indiana, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Fehrenbach, Dan J. |
Browse adjacent years: 2015 · 2017
Or jump to a category: Failures · Mergers · Enforcement · Assistance