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 |
|---|---|---|
| Jun 17, 2016 | SouthCoast Community Bank | Bank of North Carolina |
| Jun 12, 2016 | FSB Corp. | Nbe Bancshares, Inc. |
| Jun 12, 2016 | Farmers State Bank of Sublette | Pioneer State Bank |
| Jun 11, 2016 | Congaree State Bank | CresCom Bank |
| Jun 11, 2016 | Congaree Bancshares, Inc. | Carolina Financial Corporation |
| Jun 7, 2016 | Faith Based Federal Credit Union | Frontwave Credit Union |
| Jun 4, 2016 | Linn County State Bank | Community Savings Bank |
| Jun 4, 2016 | Bank of Georgetown | United Bank |
| Jun 4, 2016 | Baileyville Bancshares, Inc. | Elkcorp, Inc. |
| Jun 4, 2016 | The Baileyville State Bank | Elk State Bank |
| Jun 4, 2016 | First State Bank of West Salem | The First National Bank of Allendale |
| Jun 2, 2016 | Trivoli Bancorp, Inc. | Hometown Community Bancorp, Inc. |
| Jun 1, 2016 | St. Gertrude's Credit Union | Guadalupe Credit Union |
| Jun 1, 2016 | San Antonio Trust Company, Lta | Texas Partners Bank |
| Jun 1, 2016 | Green Valley Bancorp, MHC | SSB Community Bancorp MHC |
| Jun 1, 2016 | Green Valley Bancorp, Inc. | Peoplesbancorp, Inc |
| Jun 1, 2016 | Pathfinder Commercial Bank | Pathfinder Bank |
| Jun 1, 2016 | Stark Metropolitan Housing Authority Federal Credit Union | Eaton Family Credit Union |
| Jun 1, 2016 | Calumet Bancshares, Inc. | Calumet Bancorporation, Inc. |
| Jun 1, 2016 | Kosciusko Financial, Inc. | Horizon Bancorp, Inc. |
| Jun 1, 2016 | F M Co. | FM Group, Inc. |
| Jun 1, 2016 | Florida Baptist Credit Union | First Florida Credit Union |
| Jun 1, 2016 | Union Oil Santa Fe Springs Employees Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jun 1, 2016 | Division 694 Motor Coach Employees Federal Credit Union | Select Federal Credit Union |
| Jun 1, 2016 | Cornerstone Credit Union | Pioneer Federal Credit Union |
| Jun 1, 2016 | Clinton Federal Credit Union | Founders Federal Credit Union |
| Jun 1, 2016 | Frontier Community Credit Union | Peoples Credit Union |
| Jun 1, 2016 | Akron Police Department Credit Union, Inc. | Akron Fire Police Credit Union, Inc. |
| Jun 1, 2016 | Farmers State Bank | Horizon Bank |
| Jun 1, 2016 | Pine Creek Federal Credit Union | Hapo Community Credit Union |
| Jun 1, 2016 | Puget Sound Federal Credit Union | Qualstar Credit Union |
| Jun 1, 2016 | San Francisco Municipal Railway Employees Federal Credit Union | Unify Financial Federal Credit Union |
| Jun 1, 2016 | Edison Financial Credit Union, Incorporated | Cardinal Credit Union, Inc. |
| Jun 1, 2016 | Calumet County Bank | State Bank of Chilton |
| May 31, 2016 | Burlington Bancshares, Inc. | Burlington Holdings, Inc. |
| May 22, 2016 | Employees Credit Union | Ascend Federal Credit Union |
| May 21, 2016 | ProAmerica Bank | Pacific Commerce Bank |
| May 21, 2016 | Associated Federal Credit Union | Inova Federal Credit Union |
| May 21, 2016 | Farmers Bancshares, Inc. | First Cecilian Bancorp, Inc. |
| May 21, 2016 | Central Bank | First State Community Bank |
| May 21, 2016 | First National Bank of the Lakes | Bridgewater Bank |
| May 21, 2016 | Leitchfield Deposit Bank & Trust Company | The Cecilian Bank |
| May 21, 2016 | The Farmers Bank | The Cecilian Bank |
| May 21, 2016 | Cheviot Savings Bank | MainSource Bank |
| May 21, 2016 | Cheviot Financial Corporation | Mainsource Financial Group, Inc. |
| May 18, 2016 | Cornerstone Community Bank | Republic Bank & Trust Company |
| May 18, 2016 | Forrest-Petal Educational Federal Credit Union | Centuryfirst Federal Credit Union |
| May 18, 2016 | Cornerstone Bancorp, Inc. | Republic Bancorp, Inc. |
| May 17, 2016 | Community Bank of Northern Wisconsin | Ccfbank N.A. |
| May 16, 2016 | Preston National Bank | AccessBank Texas |
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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