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 |
|---|---|---|
| Oct 1, 2016 | First National Bank | Citizens State Bank |
| Oct 1, 2016 | Arkansas Valley Federal Credit Union | Fellowship Credit Union |
| Oct 1, 2016 | The Heritage Federal Credit Union | Rocky Mountain Credit Union |
| Oct 1, 2016 | Howard County Employees Federal Credit Union | Complex Community Federal Credit Union |
| Oct 1, 2016 | Polk County Schools Employees Credit Union | Serve Credit Union |
| Oct 1, 2016 | Printing Office Employees Credit Union | Pasadena Service Federal Credit Union |
| Oct 1, 2016 | Chicopee Municipal Employees Credit Union | Polish National Credit Union |
| Oct 1, 2016 | Blue Cross Blue Shield K C Credit Union | United Consumers Credit Union |
| Oct 1, 2016 | Rpi Employees Federal Credit Union | NY Firefighters Bravest Federal Credit Union |
| Oct 1, 2016 | Pittsburgh Central Federal Credit Union | Chrome Federal Credit Union |
| Sep 30, 2016 | Southern Heritage Bank | First Citizens National Bank |
| Sep 30, 2016 | The State Bank of Hildreth | Cornerstone Bank |
| Sep 24, 2016 | First State Bancorp, Inc. | Woodson Bancshares, Inc. |
| Sep 21, 2016 | Farmers State Bank | Chambers State Bank |
| Sep 19, 2016 | Central Credit Union, Inc | Pathways Financial Credit Union, Inc. |
| Sep 17, 2016 | Keokuk Savings Bank and Trust Company | Connection Bank |
| Sep 17, 2016 | Home Savings Bank | Legends Bank |
| Sep 17, 2016 | The First National Bank of Emory | Commercial Bank of Texas, N.A. |
| Sep 16, 2016 | Regent Bank | Stonegate Bank |
| Sep 13, 2016 | Capac Bancorp, Inc. | County Bank Corp |
| Sep 10, 2016 | Bloomburg State Bank | The First National Bank of Hughes Springs |
| Sep 10, 2016 | SCSB Real Estate Holdings, LLC | WesBanco Bank, Inc. |
| Sep 10, 2016 | YCB Real Estate Holdings LLC | WesBanco Bank, Inc. |
| Sep 10, 2016 | Your Community Bankshares, Inc. | WesBanco, Inc. |
| Sep 10, 2016 | Kenosha Postal Employees Credit Union | Trustone Financial Credit Union |
| Sep 10, 2016 | Paragon Bank | Peoples State Bank of Wells |
| Sep 10, 2016 | American Bank | National Exchange Bank and Trust |
| Sep 10, 2016 | Prosper Bank | Texas Bank |
| Sep 10, 2016 | Your Community Bank | WesBanco Bank, Inc. |
| Sep 9, 2016 | Home State Bancorp | Guaranty Bancorp |
| Sep 9, 2016 | First Clover Leaf Financial Corp | First Mid Bancshares, Inc. |
| Sep 9, 2016 | The Home State Bank | Guaranty Bank and Trust Company |
| Sep 7, 2016 | Foundation Bancorp, Inc. | Pacific Continental Corporation |
| Sep 7, 2016 | Foundation Bank | Pacific Continental Bank |
| Sep 3, 2016 | Alta Vista Bancshares, Inc. | Farmers and Drovers Financial Corp |
| Sep 3, 2016 | The Alta Vista State Bank | Farmers and Drovers Bank |
| Sep 2, 2016 | Bridgeview Bank Mortgage Company, LLC | Bridgeview Bank Group |
| Sep 2, 2016 | Wilmington Trust Fiduciary Services Company | Wilmington Trust, N.A. |
| Sep 1, 2016 | Cory Methodist Church Credit Union, Inc. | Eaton Family Credit Union |
| Sep 1, 2016 | Cordia Bancorp, Inc. | First-Citizens Bank & Trust Company |
| Sep 1, 2016 | Talmer Bancorp Inc. | TCF Financial Corporation |
| Sep 1, 2016 | Treasure State Bank | Glacier Bank |
| Sep 1, 2016 | Cbin Subsidiary, Inc. | Your Community Bankshares, Inc. |
| Sep 1, 2016 | Bank of Virginia | First-Citizens Bank & Trust Company |
| Sep 1, 2016 | South Central Texas Commercial Corporation | Round Top Bancshares, Inc. |
| Sep 1, 2016 | Investors Independent Trust Company | Midwest Trust Company |
| Sep 1, 2016 | Peoples State Bank & Trust | Pineland Bank |
| Sep 1, 2016 | Jefferson County Public Employees Credit Union | Connections Credit Union |
| Sep 1, 2016 | Family Federal Credit Union | Self-Help Federal Credit Union |
| Sep 1, 2016 | Pineland State Bank | Pineland 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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