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Bank Failures

2016 in Brief

There were 5 bank failures in 2016. See detailed descriptions below.

For more bank failure information on a specific year, select a date from the drop down menu to the right or select a month within the graph.

2016 Summary by Month

(Approximate asset dollar volume based on figures from the press releases)

Months Sep Aug May Apr Mar
Bank Failures 1 1 1 1 1
Approx. Asset (Millions) 66.30 21.40 103.30 20.70 67.10
September Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
Allied Bank, Mulberry, AR PR-82-2016 $66.3 $64.7 Today's Bank has agreed to assume all deposits.
August Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
The Woodbury Banking Company, Woodbury, GA PR-69-2016 $21.4 $21.1 United Bank has agreed to assume all deposits.
May Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
First CornerStone Bank, King of Prussia, PA PR-38-2016 $103.3 $101.0

First-Citizens Bank & Trust Company has agreed to assume all deposits.
April Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
Trust Company Bank, Memphis, TN PR-34-2016 $20.7 $20.3

The Bank of Fayette County has agreed to assume all deposits.
March Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
North Milwaukee State Bank, Milwaukee, WI PR-20-2016 $67.1 $61.5 First-Citizens Bank & Trust Company has agreed to assume all deposits excluding certain brokered deposits.