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 |
|---|---|---|
| Sep 1, 2016 | The First National Bank of Niagara | mBank |
| Sep 1, 2016 | Members 1st Community Federal Credit Union | Statewide Federal Credit Union |
| Sep 1, 2016 | Citizens State Bank | Pineland Bank |
| Sep 1, 2016 | Monessen School Employees Federal Credit Union | Valley 1st Community Federal Credit Union |
| Sep 1, 2016 | Florence Dupont Employees Federal Credit Union | South Carolina Federal Credit Union |
| Sep 1, 2016 | Jeff-Co Schools Federal Credit Union | Kaskaskia Valley Credit Union |
| Sep 1, 2016 | Trustus Federal Credit Union | Texas Trust Credit Union |
| Sep 1, 2016 | Postmark Credit Union | Xceed Financial Credit Union |
| Sep 1, 2016 | United Services Federal Credit Union | Sun Federal Credit Union |
| Sep 1, 2016 | Fidelity National Bank | Abbybank |
| Aug 31, 2016 | Central Hudson Employees Federal Credit Union | Mid-Hudson Valley Federal Credit Union |
| Aug 31, 2016 | Saint Joseph Hospital Credit Union | Triangle Credit Union |
| Aug 29, 2016 | Franklin County United Bank | Citizens Tri-County Bank |
| Aug 27, 2016 | Capital Bank | Royal Credit Union |
| Aug 25, 2016 | American Chartered Bancorp, Inc. | MB Financial, Inc. |
| Aug 25, 2016 | American Chartered Bank | MB Financial Bank, National Association |
| Aug 24, 2016 | PNC Funding Corp. | The PNC Financial Services Group, Inc. |
| Aug 22, 2016 | Hurlbut Employees Federal Credit Union | Greylock Federal Credit Union |
| Aug 20, 2016 | The Stockton National Bank | Solutions North Bank |
| Aug 16, 2016 | Firstmerit Corporation | Huntington Bancshares Incorporated |
| Aug 16, 2016 | Firstmerit Bank, National Association | The Huntington National Bank |
| Aug 15, 2016 | Immanuel Baptist Church Federal Credit Union | Unity Financial |
| Aug 13, 2016 | Flathead Bank of Bigfork, Montana | First Interstate Bank |
| Aug 13, 2016 | The Bank of Oswego | HomeStreet Bank |
| Aug 13, 2016 | Penn Liberty Bank | Wilmington Savings Fund Society, FSB |
| Aug 13, 2016 | Penn Liberty Financial Corp | WSFS Financial Corporation |
| Aug 13, 2016 | First Live Oak Bancshares, Inc. | County Bancshares, Inc. |
| Aug 13, 2016 | West Michigan Bank & Trust | West Shore Bank |
| Aug 10, 2016 | Cornerstone Baptist Church Federal Credit Union | Consumers Federal Credit Union |
| Aug 6, 2016 | Milton Bancorp, Inc. | Ohio Valley Banc Corp. |
| Aug 6, 2016 | First Safety Bank | First State Bank |
| Aug 6, 2016 | The Milton Banking Company | The Ohio Valley Bank Company |
| Aug 2, 2016 | Prime Pacific Bank, National Association | Bank of the Cascades |
| Aug 2, 2016 | Tri-Parish Bancshares, Ltd. | Pedestal Bancshares, Inc. |
| Aug 2, 2016 | Prime Pacific Financial Services, Inc. | Cascade Bancorp |
| Aug 1, 2016 | Alamo Federal Credit Union | Pentagon Federal Credit Union |
| Aug 1, 2016 | Okey-Vernon First National Bank | TS Bank |
| Aug 1, 2016 | Lamar Civic Federal Credit Union | Peoples Credit Union |
| Aug 1, 2016 | Oral Federal Credit Union | Hawaiian Financial Federal Credit Union |
| Aug 1, 2016 | Wat Federal Credit Union | First Harvest Federal Credit Union |
| Aug 1, 2016 | Mid America Bank | Advia Credit Union |
| Aug 1, 2016 | Oswego Heritage Federal Credit Union | Compass Federal Credit Union |
| Aug 1, 2016 | Irondequoit Federal Credit Union | Wit Federal Credit Union |
| Aug 1, 2016 | Northwest Georgia Credit Union | Coosa Valley Credit Union |
| Aug 1, 2016 | First National Bank | WestStar Bank |
| Aug 1, 2016 | RCT Federal Credit Union | Peach State Federal Credit Union |
| Aug 1, 2016 | The National Bank of Delaware County | Wayne Bank |
| Aug 1, 2016 | Colorado East Bank & Trust | TBK Bank, SSB |
| Aug 1, 2016 | Country Bank | State Bank of Arizona |
| Aug 1, 2016 | First Niagara Financial Group, Inc. | KeyCorp |
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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