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 |
|---|---|---|
| May 16, 2016 | HF Financial Corp. | Great Western Bancorp, Inc. |
| May 16, 2016 | Home Federal Bank | Great Western Bank |
| May 14, 2016 | Franklin Grove Bank | The First National Bank in Amboy |
| May 14, 2016 | Fraternity Community Bancorp, Inc. | Hamilton Bancorp, Inc. |
| May 14, 2016 | Fox River Valley Bancorp, Inc. | County Bancorp, Inc. |
| May 14, 2016 | The Business Bank | Investors Community Bank |
| May 14, 2016 | Fraternity Federal Savings and Loan Association | Hamilton Bank |
| May 7, 2016 | Jourdanton State Bank | First Commercial Bank, N.A. |
| May 7, 2016 | Jourdanton Bancshares, Inc. | First Commercial Financial Corp |
| May 7, 2016 | Community Guaranty Corporation | BNH Financial |
| May 7, 2016 | Community Guaranty Savings Bank | Bank of New Hampshire |
| May 7, 2016 | State Bank of Drummond | Chippewa Valley Bank |
| May 2, 2016 | Schuylkill Federal Credit Union | Hidden River Credit Union |
| May 2, 2016 | Cape Bancorp, Inc. | OceanFirst Financial Corp. |
| May 2, 2016 | Pennypack Federal Credit Union | Reliance Federal Credit Union |
| May 2, 2016 | Suffolk Virginia City Employees Federal Credit Union | Portalliance Federal Credit Union |
| May 2, 2016 | Panhandle Cooperative Federal Credit Union | Meridian Trust Federal Credit Union |
| May 2, 2016 | Cape Bank | OceanFirst Bank, N.A. |
| May 1, 2016 | Liberty Bank of Maryland | Kopernik Bank |
| May 1, 2016 | Pulaski Financial Corp. | First Busey Corporation |
| May 1, 2016 | WDS Holdings, Inc. | Wells Fargo & Company |
| May 1, 2016 | Anchor Bancorp Wisconsin, Inc. | Old National Bancorp |
| May 1, 2016 | Commerce Mortgage Corp. | Commerce Bank |
| May 1, 2016 | Ewing Agency, Inc. | Chambanco, Inc. |
| May 1, 2016 | MY Postal Credit Union | Vibe Credit Union |
| May 1, 2016 | Inter-State Federal Savings and Loan Association of Kansas City | First Federal Bank of Kansas City |
| May 1, 2016 | Belvoir Federal Credit Union | Pentagon Federal Credit Union |
| May 1, 2016 | AnchorBank, FSB | Old National Bank |
| May 1, 2016 | National Bank of California | Commercial Bank of California |
| May 1, 2016 | Gasco Eastern District Federal Credit Union | Arc Federal Credit Union |
| May 1, 2016 | American Bank of Huntsville | Avadian Credit Union |
| May 1, 2016 | Heinz - Del Monte Federal Credit Union | Clearview Federal Credit Union |
| May 1, 2016 | Monroe Credit Union | Pelican Credit Union |
| May 1, 2016 | United-American Savings Bank | The Farmers National Bank of Emlenton |
| May 1, 2016 | Amicus Federal Credit Union | Horizon Credit Union |
| May 1, 2016 | Lubbock County Schools Federal Credit Union | Texas Tech Federal Credit Union |
| May 1, 2016 | The San Gabriel Valley Postal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| May 1, 2016 | Norfolk Virginia Postal Credit Union | Bayport Federal Credit Union |
| May 1, 2016 | Grange Mutual Employees Credit Union, Inc. | Telhio Credit Union, Inc. |
| May 1, 2016 | Corco Federal Credit Union | Pathways Financial Credit Union, Inc. |
| Apr 30, 2016 | Park Bancorp, Inc. | Royal Financial, Inc. |
| Apr 30, 2016 | Park Federal Savings Bank | Royal Savings Bank |
| Apr 30, 2016 | The First National Bank of Eagle River | mBank |
| Apr 30, 2016 | Educational Credit Union | Azura Credit Union |
| Apr 30, 2016 | Kcumb Credit Union | Communityamerica Federal Credit Union |
| Apr 30, 2016 | Baylake Bank | Nicolet National Bank |
| Apr 30, 2016 | United Financial Services Federal Credit Union | Advanced Financial Federal Credit Union |
| Apr 30, 2016 | Baylake Corp. | Nicolet Bankshares, Inc. |
| Apr 30, 2016 | Cumberland County Bank | One Bank of Tennessee |
| Apr 30, 2016 | American Midwest Bank | Heartland Bank and Trust Company |
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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