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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 HQ Assets Acquirer or resolution
Sep 23, 2016 Allied Bank Mulberry, AR $66.3M Today's Bank
Aug 19, 2016 The Woodbury Banking Company Woodbury, GA $21.4M United Bank
May 6, 2016 First Cornerstone Bank King of Prussia, PA $103.3M First-Citizens Bank & Trust Company
Apr 29, 2016 Trust Company Bank Memphis, TN $19.0M The Bank of Fayette County
Mar 11, 2016 North Milwaukee State Bank Milwaukee, WI $67.1M First-Citizens Bank & Trust Company

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

Browse adjacent years: 2015 · 2017

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