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 |
|---|---|---|
| May 16, 2016 | HF Financial Corp. | Great Western Bancorp, Inc. |
| May 16, 2016 | Home Federal Bank | Great Western Bank |
| May 14, 2016 | Franklin Grove Bank | The First National Bank in Amboy |
| May 14, 2016 | Fraternity Community Bancorp, Inc. | Hamilton Bancorp, Inc. |
| May 14, 2016 | Fox River Valley Bancorp, Inc. | County Bancorp, Inc. |
| May 14, 2016 | The Business Bank | Investors Community Bank |
| May 14, 2016 | Fraternity Federal Savings and Loan Association | Hamilton Bank |
| May 7, 2016 | Jourdanton State Bank | First Commercial Bank, N.A. |
| May 7, 2016 | Jourdanton Bancshares, Inc. | First Commercial Financial Corp |
| May 7, 2016 | Community Guaranty Corporation | BNH Financial |
| May 7, 2016 | Community Guaranty Savings Bank | Bank of New Hampshire |
| May 7, 2016 | State Bank of Drummond | Chippewa Valley Bank |
| May 2, 2016 | Schuylkill Federal Credit Union | Hidden River Credit Union |
| May 2, 2016 | Cape Bancorp, Inc. | OceanFirst Financial Corp. |
| May 2, 2016 | Pennypack Federal Credit Union | Reliance Federal Credit Union |
| May 2, 2016 | Suffolk Virginia City Employees Federal Credit Union | Portalliance Federal Credit Union |
| May 2, 2016 | Panhandle Cooperative Federal Credit Union | Meridian Trust Federal Credit Union |
| May 2, 2016 | Cape Bank | OceanFirst Bank, N.A. |
| May 1, 2016 | Liberty Bank of Maryland | Kopernik Bank |
| May 1, 2016 | Pulaski Financial Corp. | First Busey Corporation |
| May 1, 2016 | WDS Holdings, Inc. | Wells Fargo & Company |
| May 1, 2016 | Anchor Bancorp Wisconsin, Inc. | Old National Bancorp |
| May 1, 2016 | Commerce Mortgage Corp. | Commerce Bank |
| May 1, 2016 | Ewing Agency, Inc. | Chambanco, Inc. |
| May 1, 2016 | MY Postal Credit Union | Vibe Credit Union |
| May 1, 2016 | Inter-State Federal Savings and Loan Association of Kansas City | First Federal Bank of Kansas City |
| May 1, 2016 | Belvoir Federal Credit Union | Pentagon Federal Credit Union |
| May 1, 2016 | AnchorBank, FSB | Old National Bank |
| May 1, 2016 | National Bank of California | Commercial Bank of California |
| May 1, 2016 | Gasco Eastern District Federal Credit Union | Arc Federal Credit Union |
| May 1, 2016 | American Bank of Huntsville | Avadian Credit Union |
| May 1, 2016 | Heinz - Del Monte Federal Credit Union | Clearview Federal Credit Union |
| May 1, 2016 | Monroe Credit Union | Pelican Credit Union |
| May 1, 2016 | United-American Savings Bank | The Farmers National Bank of Emlenton |
| May 1, 2016 | Amicus Federal Credit Union | Horizon Credit Union |
| May 1, 2016 | Lubbock County Schools Federal Credit Union | Texas Tech Federal Credit Union |
| May 1, 2016 | The San Gabriel Valley Postal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| May 1, 2016 | Norfolk Virginia Postal Credit Union | Bayport Federal Credit Union |
| May 1, 2016 | Grange Mutual Employees Credit Union, Inc. | Telhio Credit Union, Inc. |
| May 1, 2016 | Corco Federal Credit Union | Pathways Financial Credit Union, Inc. |
| Apr 30, 2016 | Park Bancorp, Inc. | Royal Financial, Inc. |
| Apr 30, 2016 | Park Federal Savings Bank | Royal Savings Bank |
| Apr 30, 2016 | The First National Bank of Eagle River | mBank |
| Apr 30, 2016 | Educational Credit Union | Azura Credit Union |
| Apr 30, 2016 | Kcumb Credit Union | Communityamerica Federal Credit Union |
| Apr 30, 2016 | Baylake Bank | Nicolet National Bank |
| Apr 30, 2016 | United Financial Services Federal Credit Union | Advanced Financial Federal Credit Union |
| Apr 30, 2016 | Baylake Corp. | Nicolet Bankshares, Inc. |
| Apr 30, 2016 | Cumberland County Bank | One Bank of Tennessee |
| Apr 30, 2016 | American Midwest Bank | Heartland Bank and Trust Company |
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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