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 | Assets |
|---|---|---|
| Aug 16, 1996 | Commonwealth Thrift & Loan | $11.5M |
| Aug 9, 1996 | Union Federal Bank, FSB | $32.6M |
| Jul 12, 1996 | Fairfield First Bank & Trust Co | $57.3M |
| Jun 14, 1996 | First NB of the Panhandle | $68.1M |
| May 31, 1996 | People's Bank & Trust | $22.7M |
| Mar 8, 1996 | Metrobank of Philadelphia | $40.4M |
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 | Acquirer |
|---|---|---|
| Aug 9, 1996 | F & M Bank-Potomac | F & M Bank - Northern Virginia |
| Aug 8, 1996 | Pitts-Met Federal Credit Union | Greater Together Federal Credit Union |
| Aug 5, 1996 | Regional Bank of Colorado, National Association | Wells Fargo Bank West, National Association |
| Aug 3, 1996 | First State Bancorp of Princeton, Illinois, Inc. | AMCORE Financial, Inc. |
| Aug 3, 1996 | NBM Bancorp, Inc. | AMCORE Financial, Inc. |
| Aug 3, 1996 | Washington Federal Savings Bank | Allfirst Bank |
| Aug 3, 1996 | Amcore Bank National Association, Peru | Amcore Bank, National Association, North Central |
| Aug 3, 1996 | Northwestern Savings Bank, F.S.B. | American Federal Bank |
| Aug 3, 1996 | AMCORE Bank, Princeton | Amcore Bank, National Association, North Central |
| Aug 3, 1996 | AMCORE Bank, Gridley | Amcore Bank, National Association, North Central |
| Aug 2, 1996 | Union National Bancorp | First Merchants Corporation |
| Aug 2, 1996 | Wonderlic Companies, Inc. | Richmond Bancorp, Inc. |
| Aug 1, 1996 | Jackson Bancorporation | Goodenow Bancorporation |
| Aug 1, 1996 | Mid-America National Bancorp, Incorporated | Associated Illinois Banc Corp |
| Aug 1, 1996 | The Service Bank of Tonkawa | (unnamed) |
| Aug 1, 1996 | Crawford Bancorp, Inc. | First Financial Corporation |
| Aug 1, 1996 | (unnamed) | Cornerstone Bank |
| Aug 1, 1996 | Howard County Employees Federal Credit Union | Tower Federal Credit Union |
| Aug 1, 1996 | Beeline Employees Federal Credit Union | Utah First Federal Credit Union |
| Aug 1, 1996 | Farmers State Bank of Ypsilanti | Unison Bank |
| Aug 1, 1996 | Union Planters Bank of Perryville, National Association | Union Planters Bank of Southeast Missouri |
| Aug 1, 1996 | Ergon Companies Credit Union | Statewide Federal Credit Union |
| Aug 1, 1996 | The Union Bank and Savings Company | The Croghan Colonial Bank |
| Aug 1, 1996 | The Kiowa State Bank | Mountain Parks Bank-East |
| Aug 1, 1996 | Mid-America National Bank of Chicago | Associated Bank Chicago |
| Aug 1, 1996 | The Kinsley Bank | Farmers Bank & Trust |
| Aug 1, 1996 | Bolder Bancorporation | First National of Colorado, Inc. |
| Jul 31, 1996 | Central Bankshares, Inc. | Ameris Bancorp |
| Jul 31, 1996 | Pioneer Bancshares, Inc | Limestone Bancorp, Inc |
| Jul 31, 1996 | Brandywine Mortgage Investors Corporation | Republic Bank of New York |
| Jul 31, 1996 | Eastside Holding Corporation | Main Street Banks, Inc. |
| Jul 31, 1996 | Green River Bancorp, Inc. | Limestone Bancorp, Inc |
| Jul 31, 1996 | Key Florida Bank, A Federal Savings Bank | Regions Bank, National Association |
| Jul 31, 1996 | Manville Savings Bank | Raritan Savings Bank |
| Jul 26, 1996 | Tri-County Community Bank of Lehigh Acres | Florida Community Bank |
| Jul 23, 1996 | City of Charleston Employees Federal Credit Union | Members Choice WV Federal Credit Union |
| Jul 20, 1996 | F&M Bankshares of Reedsburg, Inc. | Associated Banc-Shares, Inc. |
| Jul 20, 1996 | West One Trust Company, Washington | U.S. Bank of Washington, National Association |
| Jul 20, 1996 | NBD Bank | Bank One, National Association |
| Jul 19, 1996 | State First Financial Corporation | First Commercial Corporation |
| Jul 18, 1996 | Sheldon Security Bancorporation, Inc. | Sheldon Security Financial Corporation |
| Jul 17, 1996 | Compass Equitable Texas, Inc. | Royall Financial Corporation |
| Jul 17, 1996 | First State Bank and Trust Company | Great Plains National Bank |
| Jul 17, 1996 | The First National Bank of Mangum | Great Plains National Bank |
| Jul 15, 1996 | Security Savings Bank | First Bank, Federal Savings Bank |
| Jul 15, 1996 | Valley State Bank | First Bank, Federal Savings Bank |
| Jul 15, 1996 | First Texas Bank | OrangeBank |
| Jul 15, 1996 | Nevada National Bank | First Bank, Federal Savings Bank |
| Jul 14, 1996 | The Chase Manhattan Bank (National Association) | JPMorgan Chase Bank, N.A. |
| Jul 13, 1996 | Summit Bank | Summit Bank |
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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