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 |
|---|---|---|---|
| Jan 22, 2016 | OCC | Sun National Bank | Civil Money Penalty (CMP): Sun National Bank |
| Jan 21, 2016 | OCC | Fort Lee Federal Savings Bank, FSB | Civil Money Penalty (CMP): Kostakopoulos, Yasemin K. |
| Jan 21, 2016 | OCC | Fort Lee Federal Savings Bank, FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kostakopoulos, Yasemin K. |
| Jan 20, 2016 | OCC | Community First Bank | Formal Agreement: First Community National Bank |
| Jan 19, 2016 | OCC | Fort Lee Federal Savings Bank, FSB | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kostakopoulos, Haralambos S. |
| Jan 19, 2016 | OCC | Fort Lee Federal Savings Bank, FSB | Civil Money Penalty (CMP): Kostakopoulos, Haralambos S. |
| Jan 13, 2016 | FRB | FirstBank of Nebraska | Section 19 Letters: Margaret Cherovsky |
| Jan 7, 2016 | FRB | Morgan Stanley | Section 19 Letters: Galen Marsh |
| Jan 7, 2016 | OCC | Southbank, Federal Savings Bank | Civil Money Penalty (CMP): Wiginton, Danny |
| Jan 4, 2016 | OCC | JPMorgan Chase Bank, N.A. | Civil Money Penalty (CMP): JPMorgan Chase Bank, National Association |
| Jan 4, 2016 | OCC | EverBank, N.A. | Civil Money Penalty (CMP): Everbank |
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