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Calendar Year

1996 in US Banking

1,476 bank events are on record for 1996: 6 failures, 1,203 mergers or acquisitions involving a bank, credit union or bank holding company, and 267 enforcement actions.

6
Failures
$232.6M in failed assets
1,203
Mergers
Federal Reserve NIC, banking organizations
267
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 1996 · Bank mergers 1996

How many banks failed in 1996?

6 banks failed in 1996, with $232.6M in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Aug 16, 1996 Commonwealth Thrift & Loan Torrance, CA $11.5M Frontier State Bank
Aug 9, 1996 Union Federal Bank, FSB Los Angeles, CA $32.6M Dean Witter Trust FSB
Jul 12, 1996 Fairfield First Bank & Trust Co Southport, CT $57.3M Norwalk Savings Society
Jun 14, 1996 First NB of the Panhandle Panhandle, TX $68.1M Sun Bank
May 31, 1996 People's Bank & Trust Borger, TX $22.7M Boatmen's First NB of Amari
Mar 8, 1996 Metrobank of Philadelphia Philadelphia, PA $40.4M Jefferson Bank

Which banks merged in 1996?

1,203 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1996.

See the fuller list: Bank mergers 1996 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 31, 1996 Mercantile Bank of Wright County MO Mercantile Bank of South Central Missouri
Dec 31, 1996 BW3 Bancorporation IA Liberty Financial Corporation
Dec 31, 1996 Texas Heritage Savings Association/Banc TX First Federal Savings Bank of North Texas
Dec 31, 1996 Fergus Falls Bancshares, Inc. MN Fergus Falls Bancshares, Inc.
Dec 31, 1996 Bank of San Francisco Building Company CA Bank of San Francisco
Dec 31, 1996 Leavcorp, Inc. KS Acquisition Corporation
Dec 31, 1996 Madelia Agency, Incorporated MN Madelia Bancshares, Inc.
Dec 31, 1996 Pinnacle Bank IN Fifth Third Bank, Indiana
Dec 31, 1996 A.B.C. Bancorporation, Inc. IA Liberty Financial Corporation
Dec 31, 1996 (unnamed) — Mercantile Bank of South Central Missouri
Dec 31, 1996 Abi Mortgage Corporation MN Firstar Corporation of Minnesota
Dec 31, 1996 Brush Country Holding Company, Inc. TX Freedom Bank
Dec 31, 1996 First State Bank, National Association TX State National Bank of West Texas
Dec 31, 1996 B & K Bancorporation, Inc. IA Liberty Financial Corporation
Dec 31, 1996 M&F Financial Corporation GA Ameris Bancorp
Dec 31, 1996 Rawlins National Bancorporation, Inc. CO Carbon County Holding Company
Dec 31, 1996 The National Bank of West Virginia WV WesBanco Bank Fairmont, Inc.
Dec 31, 1996 University of Massachusetts Students Federal Credit Union MA Umassfive College Federal Credit Union
Dec 31, 1996 Abi Leasing Corporation MN Firstar Corporation of Minnesota
Dec 31, 1996 Waubun Bancshares, Inc. MN Midwest Bank Group, Inc.
Dec 31, 1996 Missoula Bancshares, Inc. MT Glacier Bancorp, Inc.
Dec 31, 1996 Augusta Capital Corporation WI Unity Bank
Dec 31, 1996 Finest Financial Corp. NH First Essex Bancorp Inc
Dec 31, 1996 Pelham Bank and Trust Company NH First Essex Bank
Dec 31, 1996 Integra Life Insurance Company AZ National City Corporation
Dec 31, 1996 Mercantile Bank of Monett MO Mercantile Bank of South Central Missouri
Dec 31, 1996 White Pine Bancorp, Inc. MN Norbanc Group Inc.
Dec 31, 1996 Winnebago County Bancorporation IA Liberty Financial Corporation
Dec 31, 1996 I.S.B. Bancorporation, Inc. IA Liberty Financial Corporation
Dec 31, 1996 First Liberty Bancorp. IA Liberty Financial Corporation
Dec 31, 1996 Mercantile Bank of Lebanon MO Mercantile Bank of South Central Missouri
Dec 31, 1996 ANB Realty Corporation MN Firstar Corporation of Minnesota
Dec 31, 1996 L.B.T. Bancorporation IA Liberty Financial Corporation
Dec 30, 1996 Comerica Leasing Corporation MI Comerica Bank
Dec 30, 1996 Northeast Securities Brokerage Corporation MN Northeast Bank
Dec 28, 1996 Keystone Savings & Loan Association PA St. Edmond's Federal Savings Bank
Dec 28, 1996 First National Independent Bancorp, Inc. IL F.N.B.C. of La Grange, Inc.
Dec 28, 1996 First City Bancshares, Incorporated of S MO Mark Twain Bancshares, Inc.
Dec 27, 1996 Hartford National Corporation CT Fleetboston Financial Corporation
Dec 27, 1996 First Delta Financial Corporation AR First Service Bancshares, Inc.
Dec 27, 1996 LJT, Inc. NE First Holdrege Bancshares, Inc.
Dec 27, 1996 Honeywell Employees Credit Union IL Meadows Credit Union
Dec 27, 1996 Wbac, Inc. WI State Financial Services Corporation
Dec 24, 1996 Shawmut Corporation MA Fleetboston Financial Corporation
Dec 23, 1996 Union Planters Bancshares, Inc. AR Union Planters Holding Corporation
Dec 23, 1996 Crown Bancshares, Inc. NE Team Financial Acquisition Subsidiary, Inc.
Dec 21, 1996 First State Bank TX First American Bank SSB
Dec 20, 1996 A a T Federal Credit Union IL Meadows Credit Union
Dec 20, 1996 (unnamed) — Firstar Bank, National Association
Dec 19, 1996 Illini Bancorp, Inc. IL Founders Group, Inc.

The list holds 500 of the 1,203 mergers recorded for 1996.

Enforcement Actions in 1996

Action date Agency Institution Action
Oct 19, 1996 OCC Nationsbank Trust Company Florida, N.A. Prohibition/Removal Orders: Woodman, Patricia S.
Oct 18, 1996 OCC_OTS Citizens Federal Savings Bank Supervisory Agreement: Citizens Federal Savings Bank
Oct 17, 1996 OCC Credit One Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Marin
Oct 11, 1996 OCC Citibank, N.A. Prohibition/Removal Orders: Hasselmann, James
Oct 11, 1996 OCC Fidelity National Bank Civil Money Penalty (CMP): Sexton, Gary D.
Oct 10, 1996 OCC Natwest Bank, National Association Prohibition/Removal Orders: Pimental, Bienvenido
Oct 10, 1996 OCC Regent Bancshares Corp. Formal Agreement: Regent National Bank
Oct 7, 1996 OCC_OTS First Federal Savings Bank Termination of Cease and Desist: Hugo E. Pimienta
Oct 7, 1996 OCC_OTS River Valley Savings Bank, FSB Cease and Desist: Larry Dale Owen
Oct 7, 1996 OCC_OTS First Federal Savings Bank Termination of Cease and Desist: First FSB
Oct 6, 1996 OCC Bank of Indiana, N.A. Formal Agreement: The First National Bank Of Dana
Oct 2, 1996 OCC_OTS (individual) Decision/Opinion and Order: Grant Thornton LLP
Oct 1, 1996 FRB Credit Suisse Prohibition from Banking: Peter R. Nardin
Sep 27, 1996 OCC Banc One Colorado Corporation Prohibition/Removal Orders: Allen, Pia
Sep 27, 1996 OCC Banc One Colorado Corporation Prohibition/Removal Orders: Higgins, Joyce
Sep 23, 1996 OCC_OTS Permanent Federal Savings Bank Orders of Removal/Prohibition: Donna K. Ort
Sep 23, 1996 OCC_OTS Security Federal Savings Bank Orders of Removal/Prohibition: Irma Sustaita
Sep 20, 1996 OCC_OTS St. Landry Bancshares, Inc. Orders of Removal/Prohibition: Shawna M. Fontenot
Sep 17, 1996 OCC_OTS First Indiana Bank, A FSB Orders of Removal/Prohibition: Debbie Ratliff
Sep 17, 1996 OCC_OTS Centennial Bank Holdings, Inc. Supervisory Agreement: Centennial Savings Bank, F.S.B.
Sep 12, 1996 FRB National Bank of Greece S.A. Cease and Desist Order: National Bank of Greece, S.A., Athens, Greece and National Bank …
Sep 12, 1996 FRB National Bank of Greece S.A. Civil Money Penalty $300,000: National Bank of Greece, S.A., Athens, Greece and National Bank …
Sep 11, 1996 OCC The Rushville National Bank Prohibition/Removal Orders: Hedrick, Donald E.
Sep 11, 1996 OCC_OTS (individual) Cease and Desist: Howard Charles Morrow
Sep 11, 1996 OCC The Rushville National Bank Prohibition/Removal Orders: Snyder, John K.
Sep 9, 1996 OCC_OTS American Federal Savings Bank Civil Money Penalty: Christopher M. Leavy
Sep 9, 1996 OCC_OTS American Federal Savings Bank Cease and Desist: Christopher M. Leavy
Sep 4, 1996 OCC_OTS USAA Bancorp Orders of Removal/Prohibition: Susan E. Hamilton
Sep 4, 1996 OCC_OTS USAA Bancorp Cease and Desist: Susan E. Hamilton
Aug 27, 1996 OCC_OTS MidFirst Bank Cease and Desist: Lisa M. May
Aug 27, 1996 OCC First Charter Bank, National Association Prompt Corrective Action (PCA) Directive: First Charter Bank National Association
Aug 27, 1996 OCC_OTS MidFirst Bank Orders of Removal/Prohibition: Lisa M. May
Aug 23, 1996 OCC_OTS Mutual Savings Bank Orders of Removal/Prohibition: Mary F. Sones
Aug 21, 1996 FRB State Bank of Texas Civil Money Penalty $1,500: Angus B. Dowling, II
Aug 19, 1996 OCC Summit National Bank C&D or PC&D Requiring Restitution: Cavallari, Augustus I.
Aug 19, 1996 OCC The Rushville National Bank Civil Money Penalty (CMP): Snyder, John K.
Aug 19, 1996 OCC The Rushville National Bank Civil Money Penalty (CMP): Hedrick, Donald E.
Aug 19, 1996 OCC The Rushville National Bank C&D or PC&D Requiring Restitution: Hedrick, Donald E.
Aug 19, 1996 OCC The Rushville National Bank C&D or PC&D Requiring Restitution: Calloway, Robert Q.
Aug 13, 1996 OCC_OTS Heartland Bank Termination of Cease and Desist: Andrew Love
Aug 13, 1996 OCC_OTS Heartland Bank Termination of Cease and Desist: Laurence A. Schiffer
Aug 13, 1996 OCC_OTS Firstbanc Savings of Texas Cease and Desist: Firstbanc SA of Texas
Aug 9, 1996 OCC_OTS Charter Federal Savings and Loan Association Termination of Cease and Desist: Robert L. Johnson
Aug 9, 1996 OCC_OTS Charter Federal Savings and Loan Association Termination of Cease and Desist: John W. Johnson, Jr.
Aug 9, 1996 OCC_OTS Charter Federal Savings and Loan Association Termination of Cease and Desist: R. Terry Taunton
Aug 8, 1996 OCC_OTS (individual) Orders of Removal/Prohibition: Ronald T. Nishimura
Aug 7, 1996 OCC_OTS (individual) Orders of Removal/Prohibition: Martha Sue Abney
Aug 2, 1996 OCC_OTS Pacific Southwest Bank Orders of Removal/Prohibition: Brenda K. Elder
Aug 2, 1996 OCC_OTS Pacific Southwest Bank Cease and Desist: Brenda K. Elder
Jul 30, 1996 OCC_OTS United Savings Association of Texas Cease and Desist: Ricky G. Bingham

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