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 |
|---|---|---|
| Apr 23, 2016 | The First Bank of Fairland | The First National Bank and Trust Company of Miami |
| Apr 23, 2016 | First Bank of Lincoln | Citizens Alliance Bank |
| Apr 19, 2016 | Rector Federal Credit Union | American Heritage Federal Credit Union |
| Apr 18, 2016 | National Bank of Tennessee | Commercial Bank |
| Apr 16, 2016 | Community Bank of the South | CharterBank |
| Apr 16, 2016 | CBS Financial Corporation | Charter Financial Corporation |
| Apr 15, 2016 | Conestoga Bank | Beneficial Bank |
| Apr 15, 2016 | First Express of Nebraska, Inc. | Western States Bancorporation |
| Apr 11, 2016 | Star Bank of Texas | Community National Bank & Trust of Texas |
| Apr 10, 2016 | Dexter Credit Union | Navigant Credit Union |
| Apr 9, 2016 | First Avenue National Bank | CBC National Bank |
| Apr 9, 2016 | Community Bank, National Association | Security Bank of the Ozarks |
| Apr 9, 2016 | Summersville Bancorporation, Inc. | Eminence Bankshares, Inc. |
| Apr 2, 2016 | Altoona Regional Health System Federal Credit Union | Healthcare First Credit Union |
| Apr 2, 2016 | National Penn Bank | Truist Bank |
| Apr 2, 2016 | National Penn Management Services, LLC | Truist Bank |
| Apr 2, 2016 | Central Bank | MidWestOne Bank |
| Apr 2, 2016 | National Penn Bancshares, Inc. | Truist Financial Corporation |
| Apr 2, 2016 | Electrical Workers Credit Union | Revity Credit Union |
| Apr 1, 2016 | Babbitt Steelworkers Credit Union | Ely Area Credit Union |
| Apr 1, 2016 | Hometown Community Bancorp Inc | Hometown Financial Group, Inc |
| Apr 1, 2016 | Hometown Community Bancorp MHC | Hometown Financial Group MHC |
| Apr 1, 2016 | Community First Bank | Regal Bank |
| Apr 1, 2016 | KeyWorth Bank | Renasant Bank |
| Apr 1, 2016 | OldTown Bank | Entegra Bank |
| Apr 1, 2016 | Century Bank Corp. | First Farmers Financial Corporation |
| Apr 1, 2016 | Macon Water Works Credit Union | Center Parc Credit Union |
| Apr 1, 2016 | Montclair Postal Employees Credit Union | Proponent Federal Credit Union |
| Apr 1, 2016 | Ruth Bank Corporation | Eastern Michigan Financial Corporation |
| Apr 1, 2016 | Town & Country Financial, Inc. | First United Bancorp, Inc. |
| Apr 1, 2016 | Great River Community Credit Union | United Community Credit Union |
| Apr 1, 2016 | Community Financial Credit Union | Blue Federal Credit Union |
| Apr 1, 2016 | Reach Federal Credit Union | Xceed Financial Credit Union |
| Apr 1, 2016 | Bank of Ohio County, Inc. | First United Bank and Trust Company, Inc. |
| Apr 1, 2016 | Wyoming County School Employees Federal Credit Union | Penn East Federal Credit Union |
| Apr 1, 2016 | Metro Shores Credit Union | Public Service Credit Union |
| Apr 1, 2016 | Ruth State Bank | Eastern Michigan Bank |
| Apr 1, 2016 | Health First Federal Credit Union | KV Federal Credit Union |
| Apr 1, 2016 | Grantsville Federal Credit Union | American United Federal Credit Union |
| Apr 1, 2016 | White House Federal Credit Union | Department of Commerce Federal Credit Union |
| Apr 1, 2016 | The Citizens Exchange Bank | First Farmers Bank & Trust Co. |
| Apr 1, 2016 | Mea Federal Credit Union | Kinetic Credit Union |
| Apr 1, 2016 | Metropolitan Service Federal Credit Union | American Heritage Federal Credit Union |
| Apr 1, 2016 | Greater Piedmont Credit Union | Self-Help Credit Union |
| Apr 1, 2016 | Southern Select Community Cu | Nova Credit Union |
| Apr 1, 2016 | Holy Family Hospital Employees Federal Credit Union | Align Credit Union |
| Apr 1, 2016 | Barre Savings Bank | Fidelity Co-Operative Bank |
| Apr 1, 2016 | Howland-Enfield Federal Credit Union | Penobscot County |
| Apr 1, 2016 | Wesley Medical Credit Union | Mid American Credit Union |
| Apr 1, 2016 | Ascentia Federal Credit Union | North Star Community Credit Union |
The list holds 500 of the 655 mergers recorded for 2016.
Enforcement Actions in 2016
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Dec 23, 2016 | OCC | Superior Bank | Prohibition/Removal Orders: McKinnon, William C. |
| Dec 21, 2016 | FRB | BBVA Securities Inc. | Civil Money Penalty, $27,000,000: Banco Bilbao Vizcaya Argentaria, S.A., Bilbao, Spain, and BBVA Securities, … |
| Dec 20, 2016 | FRB | Regions Bank | Prohibition from Banking: Philip Cooper |
| Dec 20, 2016 | FRB | Monticello Banking Company | Section 19 Letters: Leslie Lynn Leveronne |
| Dec 20, 2016 | FRB | Pinnacle Financial Partners, Inc. | Section 19 Letters: James Cope |
| Dec 20, 2016 | FRB | Regions Bank | Prohibition from Banking: Richard Henderson |
| Dec 15, 2016 | FRB | (individual) | Section 19 Letters: Maria Alana Hayes |
| Dec 14, 2016 | OCC | The Karnes County National Bank of Karnes City | Formal Agreement: The Karnes County National Bank of Karnes City |
| Dec 13, 2016 Released Apr 26, 2018 | FRB | Rock Bancshares, Inc. | Written Agreement: Rock Bancshares, Inc. and Heartland Bank, Little Rock, Arkansas |
| Dec 6, 2016 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Pedro A. Ayala II |
| Dec 6, 2016 | FRB | Customers Bank | Civil Money Penalty, $960,000: Customers Bank, Phoenixville, Pennsylvania |
| Dec 5, 2016 | FRB | (individual) | Section 19 Letters: Cindy Sword |
| Dec 5, 2016 | FRB | (individual) | Section 19 Letters: Tanya C. Mason |
| Dec 2, 2016 Released Dec 6, 2016 | FRB | Customers Bank | Cease and Desist Order: Customers Bank, Phoenixville, Pennsylvania |
| Dec 1, 2016 | FRB | Lafayette Ambassador Bank | Section 19 Letters: Cynthia Stocker |
| Dec 1, 2016 | OCC | Landmark Community Bank, National Association | Prohibition/Removal Orders: Johnson, T.Ryan |
| Dec 1, 2016 | OCC | Landmark Community Bank, National Association | Civil Money Penalty (CMP): Johnson, T.Ryan |
| Dec 1, 2016 | OCC | Landmark Community Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Johnson, T.Ryan |
| Dec 1, 2016 | OCC | Landmark Community Bank, National Association | C&D or PC&D Requiring Restitution: Johnson, T.Ryan |
| Dec 1, 2016 | FRB | Nova Financial Holdings, Inc | Section 19 Letters: Brian Hartline |
| Nov 17, 2016 | FRB | JPMorgan Chase & Co. | Cease and Desist Order: JPMorgan Chase & Co., New York, New York |
| Nov 17, 2016 | FRB | JPMorgan Chase & Co. | Civil Money Penalty, $61,932,500: JPMorgan Chase & Co., New York, New York |
| Nov 14, 2016 | FRB | Fifth Third Bank, N.A. | Section 19 Letters: Paulette Roberts |
| Nov 3, 2016 | OCC | Clare Bank, N.A. | Civil Money Penalty (CMP): Clare, Timothy |
| Nov 3, 2016 | OCC | Clare Bank, N.A. | Civil Money Penalty (CMP): Clare, Colleen |
| Nov 3, 2016 | OCC | Clare Bank, N.A. | Civil Money Penalty (CMP): McWilliams, Debra |
| Nov 3, 2016 | OCC | Clare Bank, N.A. | Civil Money Penalty (CMP): Cowlin, Kelly |
| Nov 3, 2016 | OCC | Clare Bank, N.A. | Civil Money Penalty (CMP): Kies, Gary |
| Nov 3, 2016 | OCC | Clare Bank, N.A. | Civil Money Penalty (CMP): Kalish, David |
| Nov 3, 2016 | OCC | Clare Bank, N.A. | Civil Money Penalty (CMP): Clare, Doris |
| Nov 3, 2016 | OCC | Clare Bank, N.A. | Civil Money Penalty (CMP): Clare, Patrick |
| Oct 31, 2016 Released Nov 3, 2016 | FRB | Fayette County Bank | Prompt Corrective Action: Fayette County Bank, St. Elmo, Illinois |
| Oct 31, 2016 | OCC | Flagstar Bancorp, Inc. | Civil Money Penalty (CMP): Flagstar Bank, FSB |
| Oct 28, 2016 Released Nov 1, 2016 | FRB | Chicago Shore Corporation | Written Agreement: Chicago Shore Corporation and Security Chicago Corporation, Chicago, Illinois |
| Oct 27, 2016 | OCC | Los Alamos National Bank | Civil Money Penalty (CMP): Schlindwein, Syndi |
| Oct 27, 2016 | OCC | Los Alamos National Bank | Prohibition/Removal Orders: Schlindwein, Syndi |
| Oct 27, 2016 | OCC | Los Alamos National Bank | Prohibition/Removal Orders: Pierce, Mark |
| Oct 27, 2016 | OCC | PNC Bank, N.A. | Prohibition/Removal Orders: Carey, Amanda |
| Oct 27, 2016 | OCC | Los Alamos National Bank | Civil Money Penalty (CMP): Pierce, Mark |
| Oct 26, 2016 | OCC | Landmark Community Bank, National Association | Prohibition/Removal Orders: Bjorklund, Craig |
| Oct 26, 2016 | OCC | Landmark Community Bank, National Association | Prohibition/Removal Orders: Kuechle, Valerian |
| Oct 26, 2016 | OCC | Landmark Community Bank, National Association | Civil Money Penalty (CMP): Kuechle, Valerian |
| Oct 26, 2016 | OCC | Landmark Community Bank, National Association | Civil Money Penalty (CMP): Bjorklund, Craig |
| Oct 26, 2016 | OCC | Landmark Community Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Kuechle, Valerian |
| Oct 26, 2016 | OCC | Landmark Community Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Bjorklund, Craig |
| Oct 26, 2016 | OCC | Landmark Community Bank, National Association | C&D or PC&D Requiring Restitution: Kuechle, Valerian |
| Oct 26, 2016 | OCC | Landmark Community Bank, National Association | C&D or PC&D Requiring Restitution: Bjorklund, Craig |
| Oct 21, 2016 | OCC | Superior Bank | Prohibition/Removal Orders: Pomeroy, Kenneth |
| Oct 13, 2016 | OCC | National Bank of California | Prohibition/Removal Orders: Awad, Bassim |
| Oct 13, 2016 | FRB | Regions Bank | Section 19 Letters: Pauline Malone |
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