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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 19, 1996 Minooka Bancorp, Inc. IL Founders Group, Inc.
Dec 19, 1996 FCNB Realty, Inc. MD FCNB Bank
Dec 18, 1996 Mountain Parks Financial Corporation CO Community First Bankshares, Inc.
Dec 18, 1996 PBZ Limitada Y Cia. S. En C. — Bancol Y Cia. S. En C.
Dec 18, 1996 J.G.D.B. Y Cia. S. En C. — Bancol Y Cia. S. En C.
Dec 16, 1996 First Sun Bank of America MO Sun Security Bank of America
Dec 16, 1996 Big Stone Gap Bank and Trust Company VA Premier Bank-Central, National Association
Dec 16, 1996 McLachlen Bancshares Corporation DC Citizens Bancorp
Dec 14, 1996 The Westport Bank and Trust Company CT Lafayette American Bank
Dec 14, 1996 Westport Bancorp, Inc. CT Hudson United Bancorp
Dec 14, 1996 First Heritage Bank, National Association TX First Service Bank
Dec 14, 1996 Heritage Texas Group, Inc. TX Martex Bancshares, Inc.
Dec 14, 1996 Secure Savings Bank, F.S.B. CA Redlands Federal Bank, a Federal Savings Bank
Dec 13, 1996 State Bank of Osco IL Central Bank Illinois
Dec 13, 1996 Saint Charles Federal Savings and Loan Association MO First Bank, A Federal Savings Bank
Dec 13, 1996 Soya Federal Credit Union OH United Federal Credit Union
Dec 13, 1996 Laurel Federal Savings and Loan Association MS Cadence Bank
Dec 13, 1996 Northern National Bank MN Norwest Bank North Country, National Association
Dec 12, 1996 Main Street Bank GA Main Street Bank
Dec 12, 1996 Greenbush Bancshares, Inc. MN Border Bancshares, Inc.
Dec 9, 1996 First Federal Bank of Northwest Georgia, Federal Savings Bank GA Regions Bank
Dec 9, 1996 Regions Bank, F.S.B. GA Regions Bank
Dec 9, 1996 First National Bank of Platte County MO Mark Twain Kansas City Bank
Dec 8, 1996 Bank One, Elkhorn, National Association WI Bank One, Wisconsin
Dec 8, 1996 Bank One, Wisconsin, National Association WI Bank One, Wisconsin
Dec 8, 1996 Bank One, Beaver Dam WI Bank One, Wisconsin
Dec 8, 1996 Bank One, Antigo WI Bank One, Wisconsin
Dec 8, 1996 Banc One Wisconsin Corporation WI Bank One, Wisconsin
Dec 8, 1996 Bank One, Appleton, National Association WI Bank One, Wisconsin
Dec 8, 1996 Bank One, Madison WI Bank One, Wisconsin
Dec 8, 1996 Bank One, Janesville, National Association WI Bank One, Wisconsin
Dec 8, 1996 (unnamed) — Bank One, Wisconsin
Dec 8, 1996 Bank One, Monroe WI Bank One, Wisconsin
Dec 8, 1996 Bank One, Oshkosh, National Association WI Bank One, Wisconsin
Dec 8, 1996 Bank One, Green Bay WI Bank One, Wisconsin
Dec 8, 1996 Bank One, Stevens Point, National Association WI Bank One, Wisconsin
Dec 8, 1996 Bank One, Fond du Lac WI Bank One, Wisconsin
Dec 7, 1996 New Jersey National Corporation NJ Corestates Financial Corp
Dec 7, 1996 New Jersey National Bank PA Corestates Bank, National Association
Dec 7, 1996 Central Jersey Financial Corporation NJ Summit Bancorp.
Dec 7, 1996 First Federal Bank FL Capital City Bank
Dec 7, 1996 The Grant State Bank MI Valley Ridge Bank
Dec 2, 1996 Orange Bancorp CA Bank of Orange County
Dec 2, 1996 (unnamed) — Union Planters Bank of Southeast Missouri
Dec 2, 1996 Community Charter Corporation MO Roosevelt Financial Group, Inc.
Dec 2, 1996 C&ED Credit Union NJ Credit Union of New Jersey
Dec 2, 1996 Jax Lab Federal Credit Union ME Maine Savings Federal Credit Union
Dec 2, 1996 FW Financial, Inc. SD Christen Group, Inc.
Dec 1, 1996 The Chase Manhattan Bank, National Association NJ JPMorgan Chase Bank, N.A.
Dec 1, 1996 Naval Base Norfolk Federal Credit Union VA Abnb Federal Credit Union

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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