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.
| Months | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank Failures | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| 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 (PR) |
Closing Date | Approx. Asset (Millions) |
Approx. Deposit (Millions) |
Acquirer & Transaction |
|---|---|---|---|---|---|
| September | |||||
| Allied Bank, Mulberry, AR | PR-082-2016 | September 23, 2016 | $66.3 | $64.7 | Today's Bank has agreed to assume all deposits. |
| August | |||||
| The Woodbury Banking Company, Woodbury, GA | PR-069-2016 | August 19, 2016 | $21.4 | $21.1 | United Bank has agreed to assume all deposits. |
| May | |||||
| 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. |
| April | |||||
| 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. |
| March | |||||
| 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. |