Bank Failures in Brief – 2016
There were 5 bank failures in 2016. See detailed descriptions below.
Please select the buttons below for other years' information.
|Total Assets (Millions)||0||0||67.1||20.7||103.3||0||0||21.4||66.3||0||0||0|
|Bank Name, City, ST||Press Release
|Closing Date||Approx. Asset
|Acquirer & Transaction|
|Allied Bank, Mulberry, AR||PR-082-2016||September 23, 2016||$66.3||$64.7||Today's Bank has agreed to assume all deposits.|
|The Woodbury Banking Company, Woodbury, GA||PR-069-2016||August 19, 2016||$21.4||$21.1||United Bank has agreed to assume all deposits.|
|First CornerStone Bank, King of Prussia, PA||PR-038-2016||May 6, 2016||$103.3||$101.0||First-Citizens Bank & Trust Company has agreed to assume all deposits.|
|Trust Company Bank, Memphis, TN||PR-034-2016||April 29, 2016||$20.7||$20.3||The Bank of Fayette County has agreed to assume all deposits.|
|North Milwaukee State Bank, Milwaukee, WI||PR-020-2016||March 11, 2016||$67.1||$61.5||First-Citizens Bank & Trust Company has agreed to assume all deposits excluding certain brokered deposits.|