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 |
|---|---|---|
| Aug 1, 2016 | Delaware Bancshares, Inc. | Norwood Financial Corp. |
| Aug 1, 2016 | First Fabens Bancorporation, Inc. | WestStar Bank Holding Company, Inc. |
| Aug 1, 2016 | Harvard Savings Bank | First Secure State Bank |
| Aug 1, 2016 | Sierra Point Credit Union | Financial Partners Credit Union |
| Jul 30, 2016 | Farmers State Bank Stanberry | HNB National Bank |
| Jul 30, 2016 | Xenith Bankshares, Inc. | Xenith Bankshares, Inc. |
| Jul 30, 2016 | Wilshire Bancorp, Inc. | Hope Bancorp, Inc. |
| Jul 30, 2016 | Xenith Bank | Xenith Bank |
| Jul 30, 2016 | Cornerstone Alliance, Ltd. | RCB Holding Company, Inc. |
| Jul 30, 2016 | Saint Edward Mercy Hospital Federal Credit Union | Multi-States Credit Union |
| Jul 30, 2016 | Wilshire Bank | Bank of Hope |
| Jul 30, 2016 | Equitable Co-operative Bank | Coastal Heritage Bank |
| Jul 30, 2016 | Cornerbank | RCB Bank |
| Jul 28, 2016 | Franklin County United Bancshares, Inc. | Sequatchie Valley Bancshares, Inc. |
| Jul 23, 2016 | Kilgore National Financial Corporation | VeraBank, Inc. |
| Jul 23, 2016 | Bankers Bancshares, Inc. | United Bankers' Bancorporation, Inc |
| Jul 23, 2016 | Great Lakes Bankers Bank | United Bankers' Bank |
| Jul 22, 2016 | C1 Bank | Bank OZK |
| Jul 22, 2016 | C1 Financial, Inc. | Bank of the Ozarks Inc |
| Jul 22, 2016 | Bailey, Inc. Employees Credit Union | Hercules First Federal Credit Union |
| Jul 21, 2016 | Community & Southern Bank | Bank OZK |
| Jul 21, 2016 | Community & Southern Holdings, Inc. | Bank of the Ozarks Inc |
| Jul 18, 2016 | Laporte Bancorp, Inc. | Horizon Bancorp, Inc. |
| Jul 18, 2016 | The La Porte Savings Bank | Horizon Bank |
| Jul 16, 2016 | First Bank & Trust Company | Citizens State Bank |
| Jul 16, 2016 | Lake National Bank | CNB Bank |
| Jul 16, 2016 | Dawson Bancshares, Inc. | Industry Bancshares, Inc. |
| Jul 16, 2016 | Bremen Bancorp, Inc. | Midwest Bankcentre, Inc. |
| Jul 16, 2016 | Bremen Bank and Trust Company | Midwest Bankcentre |
| Jul 14, 2016 | FSB Community Bankshares, MHC | FSB Bancorp, Inc. |
| Jul 14, 2016 | WCF Financial, M.H.C. | WCF Bancorp, Inc. |
| Jul 14, 2016 | Webster City Federal Bancorp | WCF Bancorp, Inc. |
| Jul 13, 2016 | Lexington B & L Financial Corp. | Nasb Financial, Inc. |
| Jul 13, 2016 | B&L Bank | North American Savings Bank, FSB |
| Jul 12, 2016 | Keystone Investment, Inc. | Sandhills Financial Services, LLC |
| Jul 9, 2016 | Hopkins Federal Savings Bank | Bay Bank, FSB |
| Jul 9, 2016 | Heritage Bank of Central Illinois | Morton Community Bank |
| Jul 9, 2016 | Coast Bancorp | Sierra Bancorp |
| Jul 9, 2016 | Frontenac Bank | Royal Banks of Missouri |
| Jul 9, 2016 | Coast National Bank | Bank of the Sierra |
| Jul 9, 2016 | Nebanco, Inc. | First Gothenburg Bancshares, Inc. |
| Jul 9, 2016 | Peoples Exchange Bank | American State Bank & Trust Company |
| Jul 9, 2016 | Farmers State Bank | Dayspring Bank |
| Jul 9, 2016 | Altura State Bank | Peoples State Bank of Plainview |
| Jul 2, 2016 | Norfolk Schools Federal Credit Union | Nma Federal Credit Union |
| Jul 1, 2016 | Delaware River Employees Federal Credit Cuion | Fort Billings Federal Credit Union |
| Jul 1, 2016 | Fox Chase Bank | Univest Bank and Trust Co. |
| Jul 1, 2016 | Jeff Davis Credit Union | Robins Financial Credit Union |
| Jul 1, 2016 | Eagle Credit Union | Unify Financial Federal Credit Union |
| Jul 1, 2016 | Farmers State Bank | Bank of the Valley |
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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