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 |
|---|---|---|
| Nov 11, 2016 | Community First Bank | Equity Bank |
| Nov 11, 2016 | American Bank of Texas | First United Bank and Trust Company |
| Nov 11, 2016 | Arg Bradford Federal Credit Union | Mountain Laurel Federal Credit Union |
| Nov 11, 2016 | Sparta Union Bancshares, Inc. | River Holding Company |
| Nov 11, 2016 | North American Bancshares, Inc. | Spend Life Wisely Company, Inc. |
| Nov 11, 2016 | Wilburton State Bancshares, Inc. | First National Bank & Trust Company of McAlester |
| Nov 11, 2016 | Wallingford Municipal Federal Credit Union | Cornerstone Federal Credit Union |
| Nov 7, 2016 | The Central National Bank and Trust Company | Horizon Bank |
| Nov 7, 2016 | CNB Bancorp | Horizon Bancorp, Inc. |
| Nov 5, 2016 | Kilgore National Bank | VeraBank, N.A. |
| Nov 5, 2016 | Merrill Federal Savings and Loan Association | Crossbridge Community Bank |
| Nov 5, 2016 | State Bank in Eden Valley | Farmers and Merchants State Bank of Pierz |
| Nov 5, 2016 | Pulaski Bank National Association | Busey Bank |
| Nov 1, 2016 | High Point Bank and Trust Company | Bank of North Carolina |
| Nov 1, 2016 | FBC Bancorp, Inc. | Sunshine Bancorp, Inc. |
| Nov 1, 2016 | Florida Bank of Commerce | Sunshine Bank |
| Nov 1, 2016 | Thurston First Bank | Commencement Bank |
| Nov 1, 2016 | Tulip Cooperative Credit Union | Harborstone Credit Union |
| Nov 1, 2016 | High Point Bank Corporation | BNC Bancorp |
| Nov 1, 2016 | Culver City Employees Federal Credit Union | Glendale Federal Credit Union |
| Nov 1, 2016 | Board of Water Supply Federal Credit Union | Hawaiian Financial Federal Credit Union |
| Nov 1, 2016 | Cherry Employees Federal Credit Union | Orange County's Federal Credit Union |
| Nov 1, 2016 | Middconn Federal Credit Union | Dutch Point Credit Union |
| Nov 1, 2016 | A C Jaacks Credit Union | Illiana Financial Credit Union |
| Nov 1, 2016 | Ducote Federal Credit Union | Radifi Federal Credit Union |
| Nov 1, 2016 | Anchor Seven Federal Credit Union | Vystar Credit Union |
| Nov 1, 2016 | Indiana United Methodist Federal Credit Union | Christian Family Credit Union, Inc. |
| Nov 1, 2016 | High Plains Federal Credit Union | Pentagon Federal Credit Union |
| Nov 1, 2016 | Warden Captree Federal Credit Union | Consumers Federal Credit Union |
| Nov 1, 2016 | All Seasons Federal Credit Union | Indiana Members Credit Union |
| Nov 1, 2016 | Beech Island Credit Union | Peach State Federal Credit Union |
| Nov 1, 2016 | United Financial Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Nov 1, 2016 | Deluxe Laboratories Federal Credit Union | Gain Federal Credit Union |
| Oct 31, 2016 | Bip Federal Credit Union | Members Credit Union |
| Oct 29, 2016 | Teton Banks | First Security Bank |
| Oct 29, 2016 | First Dalhart Bancshares, Inc. | WSB Bancshares, Inc. |
| Oct 29, 2016 | Layton State Bank | North Shore Bank |
| Oct 29, 2016 | First National Bank in Dalhart | Wellington State Bank |
| Oct 28, 2016 | Bergen Federal Credit Union | Public Service Federal Credit Union |
| Oct 27, 2016 | Bank of Caneyville | The Sacramento Deposit Bank |
| Oct 27, 2016 | Caneyville Bancshares, Inc. | Sacramento Bancorp |
| Oct 26, 2016 | Our Lady of Victory Institut Federal Credit Union | Erie Metro Federal Credit Union |
| Oct 26, 2016 | Communityone Bank, National Association | Capital Bank Corporation |
| Oct 26, 2016 | Communityone Bancorp | Capital Bank Financial Corp. |
| Oct 22, 2016 | Indiana Business Bank | State Bank |
| Oct 22, 2016 | ANB Nevada Group, Inc. | ANB Bancshares, Inc. |
| Oct 22, 2016 | Provincial Bank | Frandsen Bank & Trust |
| Oct 22, 2016 | Chicopee Savings Bank | Westfield Bank |
| Oct 22, 2016 | Manistee Federal Credit Union | Wmcu |
| Oct 22, 2016 | The Citizens National Bank of Athens | Simmons Bank |
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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