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 |
|---|---|---|
| Jun 17, 2016 | SouthCoast Community Bank | Bank of North Carolina |
| Jun 12, 2016 | FSB Corp. | Nbe Bancshares, Inc. |
| Jun 12, 2016 | Farmers State Bank of Sublette | Pioneer State Bank |
| Jun 11, 2016 | Congaree State Bank | CresCom Bank |
| Jun 11, 2016 | Congaree Bancshares, Inc. | Carolina Financial Corporation |
| Jun 7, 2016 | Faith Based Federal Credit Union | Frontwave Credit Union |
| Jun 4, 2016 | Linn County State Bank | Community Savings Bank |
| Jun 4, 2016 | Bank of Georgetown | United Bank |
| Jun 4, 2016 | Baileyville Bancshares, Inc. | Elkcorp, Inc. |
| Jun 4, 2016 | The Baileyville State Bank | Elk State Bank |
| Jun 4, 2016 | First State Bank of West Salem | The First National Bank of Allendale |
| Jun 2, 2016 | Trivoli Bancorp, Inc. | Hometown Community Bancorp, Inc. |
| Jun 1, 2016 | St. Gertrude's Credit Union | Guadalupe Credit Union |
| Jun 1, 2016 | San Antonio Trust Company, Lta | Texas Partners Bank |
| Jun 1, 2016 | Green Valley Bancorp, MHC | SSB Community Bancorp MHC |
| Jun 1, 2016 | Green Valley Bancorp, Inc. | Peoplesbancorp, Inc |
| Jun 1, 2016 | Pathfinder Commercial Bank | Pathfinder Bank |
| Jun 1, 2016 | Stark Metropolitan Housing Authority Federal Credit Union | Eaton Family Credit Union |
| Jun 1, 2016 | Calumet Bancshares, Inc. | Calumet Bancorporation, Inc. |
| Jun 1, 2016 | Kosciusko Financial, Inc. | Horizon Bancorp, Inc. |
| Jun 1, 2016 | F M Co. | FM Group, Inc. |
| Jun 1, 2016 | Florida Baptist Credit Union | First Florida Credit Union |
| Jun 1, 2016 | Union Oil Santa Fe Springs Employees Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Jun 1, 2016 | Division 694 Motor Coach Employees Federal Credit Union | Select Federal Credit Union |
| Jun 1, 2016 | Cornerstone Credit Union | Pioneer Federal Credit Union |
| Jun 1, 2016 | Clinton Federal Credit Union | Founders Federal Credit Union |
| Jun 1, 2016 | Frontier Community Credit Union | Peoples Credit Union |
| Jun 1, 2016 | Akron Police Department Credit Union, Inc. | Akron Fire Police Credit Union, Inc. |
| Jun 1, 2016 | Farmers State Bank | Horizon Bank |
| Jun 1, 2016 | Pine Creek Federal Credit Union | Hapo Community Credit Union |
| Jun 1, 2016 | Puget Sound Federal Credit Union | Qualstar Credit Union |
| Jun 1, 2016 | San Francisco Municipal Railway Employees Federal Credit Union | Unify Financial Federal Credit Union |
| Jun 1, 2016 | Edison Financial Credit Union, Incorporated | Cardinal Credit Union, Inc. |
| Jun 1, 2016 | Calumet County Bank | State Bank of Chilton |
| May 31, 2016 | Burlington Bancshares, Inc. | Burlington Holdings, Inc. |
| May 22, 2016 | Employees Credit Union | Ascend Federal Credit Union |
| May 21, 2016 | ProAmerica Bank | Pacific Commerce Bank |
| May 21, 2016 | Associated Federal Credit Union | Inova Federal Credit Union |
| May 21, 2016 | Farmers Bancshares, Inc. | First Cecilian Bancorp, Inc. |
| May 21, 2016 | Central Bank | First State Community Bank |
| May 21, 2016 | First National Bank of the Lakes | Bridgewater Bank |
| May 21, 2016 | Leitchfield Deposit Bank & Trust Company | The Cecilian Bank |
| May 21, 2016 | The Farmers Bank | The Cecilian Bank |
| May 21, 2016 | Cheviot Savings Bank | MainSource Bank |
| May 21, 2016 | Cheviot Financial Corporation | Mainsource Financial Group, Inc. |
| May 18, 2016 | Cornerstone Community Bank | Republic Bank & Trust Company |
| May 18, 2016 | Forrest-Petal Educational Federal Credit Union | Centuryfirst Federal Credit Union |
| May 18, 2016 | Cornerstone Bancorp, Inc. | Republic Bancorp, Inc. |
| May 17, 2016 | Community Bank of Northern Wisconsin | Ccfbank N.A. |
| May 16, 2016 | Preston National Bank | AccessBank Texas |
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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