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 |
|---|---|---|---|
| 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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