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 |
|---|---|---|
| Oct 22, 2016 | Indiana Business Bancorp | Lizton Financial Corporation |
| Oct 22, 2016 | Chicopee Bancorp, Inc. | Western New England Bancorp, Inc. |
| Oct 21, 2016 | River Bancorp, Inc. | Blue Ridge Bankshares, Inc. |
| Oct 18, 2016 | Renaissance Community Development Credit Union | Affinity Federal Credit Union |
| Oct 15, 2016 | Mfsb, National Association | First Bank Midwest |
| Oct 15, 2016 | Ridgestone Financial Services, Inc. | Byline Bancorp, Inc. |
| Oct 15, 2016 | Ridgestone Bank | Byline Bank |
| Oct 15, 2016 | Citizens Bank | First National Bank of Decatur County |
| Oct 12, 2016 | Ottawa Savings Bancorp, MHC | Ottawa Bancorp, Inc. |
| Oct 12, 2016 | Ottawa Savings Bancorp, Inc. | Ottawa Bancorp, Inc. |
| Oct 12, 2016 | The Farmers & Merchants State Bank of Cawker City | Farmers and Merchants Bank |
| Oct 8, 2016 | American Loan and Savings Association | F&M Bank and Trust Company |
| Oct 8, 2016 | VistaBank | Coastal Carolina National Bank |
| Oct 8, 2016 | First Advantage Bank | Border Bank |
| Oct 8, 2016 | Rock Branch Community Bank, Inc. | First Sentry Bank, Inc. |
| Oct 8, 2016 | Northstar Bank of Colorado | Northstar Bank |
| Oct 8, 2016 | First Niagara Bank, N.A. | KeyBank N.A. |
| Oct 6, 2016 | Kentucky National Bancorp, Inc | South Central Bancshares of Kentucky, Inc. |
| Oct 3, 2016 | Ryder System Federal Credit Union | Power Financial Credit Union |
| Oct 3, 2016 | Landmark Investor Group, Inc. | Flagship Financial Group, Inc. |
| Oct 1, 2016 | Clearwater Credit Union | Lewis Clark Credit Union |
| Oct 1, 2016 | California Republic Bank | Mechanics Bank |
| Oct 1, 2016 | Sierra Vista Bank | Community West Bank |
| Oct 1, 2016 | East River Bank | DNB First, National Association |
| Oct 1, 2016 | Stonebridge Bank | American National Bank |
| Oct 1, 2016 | Monument Bank | Revere Bank |
| Oct 1, 2016 | ANB Bancshares of Delaware, Inc. | Anahuac Bancshares, Inc. |
| Oct 1, 2016 | Wills Point Financial Corporation | Sulphur Springs Bancshares, Inc. |
| Oct 1, 2016 | Bancshares of Urbana, Inc. | OakStar Bancshares, Inc. |
| Oct 1, 2016 | Eden Valley Bancshares, Inc. | Farmers & Merchants Agency, Inc. |
| Oct 1, 2016 | First Groesbeck Holding Company | Industry Bancshares, Inc. |
| Oct 1, 2016 | Mount Saint Marys Hospital Federal Credit Union | Cornerstone Community Federal Credit Union |
| Oct 1, 2016 | Tidewater Dominion Employees Federal Credit Union | N a E Federal Credit Union |
| Oct 1, 2016 | Landmark Community Bank, National Association | Flagship Bank Minnesota |
| Oct 1, 2016 | United Vip Credit Union | Ignite Credit Union |
| Oct 1, 2016 | Cheshire Health Federal Credit Union | Service Federal Credit Union |
| Oct 1, 2016 | Quinnipiac Valley Community Federal Credit Union | Membersfirst CT Federal Credit Union |
| Oct 1, 2016 | First and Citizens Bank | Summit Community Bank, Inc |
| Oct 1, 2016 | Ecolab Credit Union | Blaze Credit Union |
| Oct 1, 2016 | Sacred Heart of Corpus Christi Federal Credit Union | Alcose Credit Union |
| Oct 1, 2016 | Sumner National Bank of Sheldon | Iroquois Farmers State Bank |
| Oct 1, 2016 | The Peabody State Bank | Vintage Bank Kansas |
| Oct 1, 2016 | Peoples State Bank | Wayland State Bank |
| Oct 1, 2016 | Health Associates Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Oct 1, 2016 | (unnamed) | First American State Bank |
| Oct 1, 2016 | Seaboard Gateway Federal Credit Union | Liberty Federal Credit Union |
| Oct 1, 2016 | The Bank of Urbana | OakStar Bank |
| Oct 1, 2016 | Lehigh Valley Federal Credit Union | People First Federal Credit Union |
| Oct 1, 2016 | Citizens National Bank of Wills Point | The City National Bank of Sulphur Springs |
| Oct 1, 2016 | Chaco Credit Union, Inc. | Telhio Credit Union, 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. |
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