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 |
|---|---|---|
| Apr 23, 2016 | The First Bank of Fairland | The First National Bank and Trust Company of Miami |
| Apr 23, 2016 | First Bank of Lincoln | Citizens Alliance Bank |
| Apr 19, 2016 | Rector Federal Credit Union | American Heritage Federal Credit Union |
| Apr 18, 2016 | National Bank of Tennessee | Commercial Bank |
| Apr 16, 2016 | Community Bank of the South | CharterBank |
| Apr 16, 2016 | CBS Financial Corporation | Charter Financial Corporation |
| Apr 15, 2016 | Conestoga Bank | Beneficial Bank |
| Apr 15, 2016 | First Express of Nebraska, Inc. | Western States Bancorporation |
| Apr 11, 2016 | Star Bank of Texas | Community National Bank & Trust of Texas |
| Apr 10, 2016 | Dexter Credit Union | Navigant Credit Union |
| Apr 9, 2016 | First Avenue National Bank | CBC National Bank |
| Apr 9, 2016 | Community Bank, National Association | Security Bank of the Ozarks |
| Apr 9, 2016 | Summersville Bancorporation, Inc. | Eminence Bankshares, Inc. |
| Apr 2, 2016 | Altoona Regional Health System Federal Credit Union | Healthcare First Credit Union |
| Apr 2, 2016 | National Penn Bank | Truist Bank |
| Apr 2, 2016 | National Penn Management Services, LLC | Truist Bank |
| Apr 2, 2016 | Central Bank | MidWestOne Bank |
| Apr 2, 2016 | National Penn Bancshares, Inc. | Truist Financial Corporation |
| Apr 2, 2016 | Electrical Workers Credit Union | Revity Credit Union |
| Apr 1, 2016 | Babbitt Steelworkers Credit Union | Ely Area Credit Union |
| Apr 1, 2016 | Hometown Community Bancorp Inc | Hometown Financial Group, Inc |
| Apr 1, 2016 | Hometown Community Bancorp MHC | Hometown Financial Group MHC |
| Apr 1, 2016 | Community First Bank | Regal Bank |
| Apr 1, 2016 | KeyWorth Bank | Renasant Bank |
| Apr 1, 2016 | OldTown Bank | Entegra Bank |
| Apr 1, 2016 | Century Bank Corp. | First Farmers Financial Corporation |
| Apr 1, 2016 | Macon Water Works Credit Union | Center Parc Credit Union |
| Apr 1, 2016 | Montclair Postal Employees Credit Union | Proponent Federal Credit Union |
| Apr 1, 2016 | Ruth Bank Corporation | Eastern Michigan Financial Corporation |
| Apr 1, 2016 | Town & Country Financial, Inc. | First United Bancorp, Inc. |
| Apr 1, 2016 | Great River Community Credit Union | United Community Credit Union |
| Apr 1, 2016 | Community Financial Credit Union | Blue Federal Credit Union |
| Apr 1, 2016 | Reach Federal Credit Union | Xceed Financial Credit Union |
| Apr 1, 2016 | Bank of Ohio County, Inc. | First United Bank and Trust Company, Inc. |
| Apr 1, 2016 | Wyoming County School Employees Federal Credit Union | Penn East Federal Credit Union |
| Apr 1, 2016 | Metro Shores Credit Union | Public Service Credit Union |
| Apr 1, 2016 | Ruth State Bank | Eastern Michigan Bank |
| Apr 1, 2016 | Health First Federal Credit Union | KV Federal Credit Union |
| Apr 1, 2016 | Grantsville Federal Credit Union | American United Federal Credit Union |
| Apr 1, 2016 | White House Federal Credit Union | Department of Commerce Federal Credit Union |
| Apr 1, 2016 | The Citizens Exchange Bank | First Farmers Bank & Trust Co. |
| Apr 1, 2016 | Mea Federal Credit Union | Kinetic Credit Union |
| Apr 1, 2016 | Metropolitan Service Federal Credit Union | American Heritage Federal Credit Union |
| Apr 1, 2016 | Greater Piedmont Credit Union | Self-Help Credit Union |
| Apr 1, 2016 | Southern Select Community Cu | Nova Credit Union |
| Apr 1, 2016 | Holy Family Hospital Employees Federal Credit Union | Align Credit Union |
| Apr 1, 2016 | Barre Savings Bank | Fidelity Co-Operative Bank |
| Apr 1, 2016 | Howland-Enfield Federal Credit Union | Penobscot County |
| Apr 1, 2016 | Wesley Medical Credit Union | Mid American Credit Union |
| Apr 1, 2016 | Ascentia Federal Credit Union | North Star Community Credit Union |
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