diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index f2f480238..5cec7897f 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -1,3 +1,7 @@
+**JDBC Driver 3.16.1**
+
+- \||Please Refer to Release Notes at https://docs.snowflake.com/en/release-notes/clients-drivers/jdbc
+
 **JDBC Driver 3.16.0**
 
 - \||Please Refer to Release Notes at https://docs.snowflake.com/en/release-notes/clients-drivers/jdbc
diff --git a/FIPS/pom.xml b/FIPS/pom.xml
index 6000c0941..3e6160574 100644
--- a/FIPS/pom.xml
+++ b/FIPS/pom.xml
@@ -5,12 +5,12 @@
   <parent>
     <groupId>net.snowflake</groupId>
     <artifactId>snowflake-jdbc-parent</artifactId>
-    <version>3.16.1-SNAPSHOT</version>
+    <version>3.16.1</version>
     <relativePath>../parent-pom.xml</relativePath>
   </parent>
 
   <artifactId>snowflake-jdbc-fips</artifactId>
-  <version>3.16.1-SNAPSHOT</version>
+  <version>3.16.1</version>
   <packaging>jar</packaging>
 
   <name>snowflake-jdbc-fips</name>
diff --git a/parent-pom.xml b/parent-pom.xml
index ce94fd59f..fad3b666c 100644
--- a/parent-pom.xml
+++ b/parent-pom.xml
@@ -5,7 +5,7 @@
 
   <groupId>net.snowflake</groupId>
   <artifactId>snowflake-jdbc-parent</artifactId>
-  <version>3.16.1-SNAPSHOT</version>
+  <version>3.16.1</version>
   <packaging>pom</packaging>
 
   <modules>
diff --git a/pom.xml b/pom.xml
index 25290bb6b..704775d1b 100644
--- a/pom.xml
+++ b/pom.xml
@@ -6,13 +6,13 @@
   <parent>
     <groupId>net.snowflake</groupId>
     <artifactId>snowflake-jdbc-parent</artifactId>
-    <version>3.16.1-SNAPSHOT</version>
+    <version>3.16.1</version>
     <relativePath>./parent-pom.xml</relativePath>
   </parent>
 
   <!-- Maven complains about using property here, but it makes install and deploy process easier to override final package names and localization -->
   <artifactId>${artifactId}</artifactId>
-  <version>3.16.1-SNAPSHOT</version>
+  <version>3.16.1</version>
   <packaging>jar</packaging>
 
   <name>${artifactId}</name>