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 |
|---|---|---|
| Sep 1, 2016 | The First National Bank of Niagara | mBank |
| Sep 1, 2016 | Members 1st Community Federal Credit Union | Statewide Federal Credit Union |
| Sep 1, 2016 | Citizens State Bank | Pineland Bank |
| Sep 1, 2016 | Monessen School Employees Federal Credit Union | Valley 1st Community Federal Credit Union |
| Sep 1, 2016 | Florence Dupont Employees Federal Credit Union | South Carolina Federal Credit Union |
| Sep 1, 2016 | Jeff-Co Schools Federal Credit Union | Kaskaskia Valley Credit Union |
| Sep 1, 2016 | Trustus Federal Credit Union | Texas Trust Credit Union |
| Sep 1, 2016 | Postmark Credit Union | Xceed Financial Credit Union |
| Sep 1, 2016 | United Services Federal Credit Union | Sun Federal Credit Union |
| Sep 1, 2016 | Fidelity National Bank | Abbybank |
| Aug 31, 2016 | Central Hudson Employees Federal Credit Union | Mid-Hudson Valley Federal Credit Union |
| Aug 31, 2016 | Saint Joseph Hospital Credit Union | Triangle Credit Union |
| Aug 29, 2016 | Franklin County United Bank | Citizens Tri-County Bank |
| Aug 27, 2016 | Capital Bank | Royal Credit Union |
| Aug 25, 2016 | American Chartered Bancorp, Inc. | MB Financial, Inc. |
| Aug 25, 2016 | American Chartered Bank | MB Financial Bank, National Association |
| Aug 24, 2016 | PNC Funding Corp. | The PNC Financial Services Group, Inc. |
| Aug 22, 2016 | Hurlbut Employees Federal Credit Union | Greylock Federal Credit Union |
| Aug 20, 2016 | The Stockton National Bank | Solutions North Bank |
| Aug 16, 2016 | Firstmerit Corporation | Huntington Bancshares Incorporated |
| Aug 16, 2016 | Firstmerit Bank, National Association | The Huntington National Bank |
| Aug 15, 2016 | Immanuel Baptist Church Federal Credit Union | Unity Financial |
| Aug 13, 2016 | Flathead Bank of Bigfork, Montana | First Interstate Bank |
| Aug 13, 2016 | The Bank of Oswego | HomeStreet Bank |
| Aug 13, 2016 | Penn Liberty Bank | Wilmington Savings Fund Society, FSB |
| Aug 13, 2016 | Penn Liberty Financial Corp | WSFS Financial Corporation |
| Aug 13, 2016 | First Live Oak Bancshares, Inc. | County Bancshares, Inc. |
| Aug 13, 2016 | West Michigan Bank & Trust | West Shore Bank |
| Aug 10, 2016 | Cornerstone Baptist Church Federal Credit Union | Consumers Federal Credit Union |
| Aug 6, 2016 | Milton Bancorp, Inc. | Ohio Valley Banc Corp. |
| Aug 6, 2016 | First Safety Bank | First State Bank |
| Aug 6, 2016 | The Milton Banking Company | The Ohio Valley Bank Company |
| Aug 2, 2016 | Prime Pacific Bank, National Association | Bank of the Cascades |
| Aug 2, 2016 | Tri-Parish Bancshares, Ltd. | Pedestal Bancshares, Inc. |
| Aug 2, 2016 | Prime Pacific Financial Services, Inc. | Cascade Bancorp |
| Aug 1, 2016 | Alamo Federal Credit Union | Pentagon Federal Credit Union |
| Aug 1, 2016 | Okey-Vernon First National Bank | TS Bank |
| Aug 1, 2016 | Lamar Civic Federal Credit Union | Peoples Credit Union |
| Aug 1, 2016 | Oral Federal Credit Union | Hawaiian Financial Federal Credit Union |
| Aug 1, 2016 | Wat Federal Credit Union | First Harvest Federal Credit Union |
| Aug 1, 2016 | Mid America Bank | Advia Credit Union |
| Aug 1, 2016 | Oswego Heritage Federal Credit Union | Compass Federal Credit Union |
| Aug 1, 2016 | Irondequoit Federal Credit Union | Wit Federal Credit Union |
| Aug 1, 2016 | Northwest Georgia Credit Union | Coosa Valley Credit Union |
| Aug 1, 2016 | First National Bank | WestStar Bank |
| Aug 1, 2016 | RCT Federal Credit Union | Peach State Federal Credit Union |
| Aug 1, 2016 | The National Bank of Delaware County | Wayne Bank |
| Aug 1, 2016 | Colorado East Bank & Trust | TBK Bank, SSB |
| Aug 1, 2016 | Country Bank | State Bank of Arizona |
| Aug 1, 2016 | First Niagara Financial Group, Inc. | KeyCorp |
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