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 |
|---|---|---|
| Jul 1, 2016 | First State Bank | Bankwest, Incorporated |
| Jul 1, 2016 | Brimfield Bank | Farmers & Mechanics Bank |
| Jul 1, 2016 | Bank of Floyd | Skyline National Bank |
| Jul 1, 2016 | Homeland Federal Credit Union | Post Office Employees Credit Union |
| Jul 1, 2016 | First Federal Savings Bank of Boston | Envision Bank |
| Jul 1, 2016 | Saint Pauls Parish Federal Credit Union | Oc Federal Credit Union |
| Jul 1, 2016 | First Bank of the South | First State Bank of Dekalb County, Inc. |
| Jul 1, 2016 | Freedom Federal Credit Union | Coastal Federal Credit Union |
| Jul 1, 2016 | Keystone Federal Credit Union | Trumark Credit Union |
| Jul 1, 2016 | Avenue Bank | Pinnacle Bank |
| Jul 1, 2016 | Oak Trust Credit Union | Northstar Credit Union |
| Jul 1, 2016 | Saint Lukes Credit Union | Communityamerica Federal Credit Union |
| Jul 1, 2016 | Monofrax Employees Federal Credit Union | Affinity One Federal Credit Union |
| Jul 1, 2016 | Mazon State Bank | First Community Financial Bank |
| Jul 1, 2016 | The Talbot Bank of Easton, Maryland | Shore United Bank, N.A. |
| Jul 1, 2016 | First State Refinery Federal Credit Union | Dexsta Federal Credit Union |
| Jul 1, 2016 | General Mills Employees Credit Union | Illiana Financial Credit Union |
| Jul 1, 2016 | Lake Federal Bank, FSB | First Savings Bank of Hegewisch |
| Jul 1, 2016 | First Rainsville Bancshares, Inc. | First State Bancshares of Dekalb County, Inc. |
| Jul 1, 2016 | Gresham Bancshares, Inc. | West End Financial Corp. |
| Jul 1, 2016 | Hassenstab Management Co., Inc. | Bellwood Community Holding Company |
| Jul 1, 2016 | Grayson Bankshares, Inc. | Skyline Bankshares, Inc. |
| Jul 1, 2016 | Cardinal Bankshares Corporation | Skyline Bankshares, Inc. |
| Jul 1, 2016 | Frontenac Bancshares, Inc. | Royal Acquisition LLC |
| Jul 1, 2016 | Tidelands Bank | United Community Bank |
| Jul 1, 2016 | 1st Century Bank, National Association | MidFirst Bank |
| Jul 1, 2016 | Avenue Financial Holdings, Inc. | Pinnacle Financial Partners, Inc. |
| Jul 1, 2016 | 1st Century Bancshares, Inc. | Midland Financial Co. |
| Jul 1, 2016 | Harmony Bank | Lakeland Bank |
| Jul 1, 2016 | Fox Chase Bancorp, Inc. | Univest Financial Corporation |
| Jul 1, 2016 | First Eastern Bankshares Corporation | Randolph Bancorp Inc. |
| Jul 1, 2016 | Fox Chase Financial, Inc | Univest Bank and Trust Co. |
| Jul 1, 2016 | Fox Chase Service Corporation | Univest Bank and Trust Co. |
| Jul 1, 2016 | Davisville Associates, LLC | Univest Bank and Trust Co. |
| Jun 30, 2016 | Globe Industries Employees Credit Union, Inc. | Firefighters & Company Federal Credit Union |
| Jun 30, 2016 | The Trust Company of Sterne Agee, Inc. | Stifel Trust Company N.A. |
| Jun 30, 2016 | First Port Byron Bancorp, Inc. | Blackhawk Bancorporation, Inc. |
| Jun 30, 2016 | Port Byron State Bank | Blackhawk Bank & Trust |
| Jun 30, 2016 | Erie Shores Community Federal Credit Union | Cardinal Credit Union, Inc. |
| Jun 30, 2016 | Youngstown Ohio City Employees Federal Credit Union | Cardinal Credit Union, Inc. |
| Jun 28, 2016 | Clearfield Stone Workers Federal Credit Union | Priority First Federal Credit Union |
| Jun 27, 2016 | Reid Temple Ame Church Federal Credit Union | WSSC Federal Credit Union |
| Jun 25, 2016 | Monarch Bank | TowneBank |
| Jun 25, 2016 | Monarch Financial Holdings, Inc | TowneBank |
| Jun 20, 2016 | (unnamed) | Dundee Bank |
| Jun 18, 2016 | Pan American Bank | Beneficial State Bank |
| Jun 18, 2016 | Rural Bancshares of Wisconsin, Inc. | Boscobel Bancorp, Inc. |
| Jun 18, 2016 | Valley Bank and Trust Co. | Western States Bank |
| Jun 18, 2016 | Rancocas Federal Credit Union | Healthcare Employees Federal Credit Union |
| Jun 17, 2016 | Southcoast Financial Corporation | BNC Bancorp |
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 |
Browse adjacent years: 2015 · 2017
Or jump to a category: Failures · Mergers · Enforcement · Assistance