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 |
|---|---|---|
| Nov 14, 1996 | CTB Realty Ventures XXX, Inc. | First Union Bank of Connecticut |
| Nov 14, 1996 | Centerbank Realty Company | First Union Bank of Connecticut |
| Nov 14, 1996 | CTB Ventures 60, Inc. | First Union Bank of Connecticut |
| Nov 14, 1996 | CTB Whitney/Hamden, Inc. | First Union Bank of Connecticut |
| Nov 14, 1996 | CTB Realty Services, Inc. | First Union Bank of Connecticut |
| Nov 14, 1996 | Center Financial Corporation | Wachovia Corporation |
| Nov 14, 1996 | Affiliated Business Credit Corp | First Union Bank of Connecticut |
| Nov 14, 1996 | CTB Ventures 68, Inc. | First Union Bank of Connecticut |
| Nov 12, 1996 | The First National Bank of Maryland, D.C. | Allfirst Bank |
| Nov 8, 1996 | Crestar Bank FSB | Crestar Bank MD |
| Nov 7, 1996 | Today's Bancorp, Inc. | Ameribanc, Inc. |
| Nov 7, 1996 | Chemical Bank, FSB | Chase Manhattan Private Bank, N.A. |
| Nov 2, 1996 | Central Federal Credit Union | Genco Federal Credit Union |
| Nov 2, 1996 | Sunrise Bancorp | Sundowner Corporation |
| Nov 2, 1996 | First National Bank of Lake Park | 1st United Bank |
| Nov 1, 1996 | First Financial Corporation of America | Ameribanc, Inc. |
| Nov 1, 1996 | Sunbeam Employees Federal Credit Union | First Citizens Federal Credit Union |
| Nov 1, 1996 | Tuscaloosa Bancshares, Inc. | Deposit Guaranty Louisiana Corp. |
| Nov 1, 1996 | Reading Postal Federal Credit Union | First Class Federal Credit Union |
| Nov 1, 1996 | Sierra Vista Federal Credit Union | Rize Federal Credit Union |
| Nov 1, 1996 | Controls Credit Union | Prairieland Federal Credit Union |
| Nov 1, 1996 | Johnstone Training & Research Center Federal Credit Union | Edifi Federal Credit Union |
| Nov 1, 1996 | Metrobank | Comerica Bank-California |
| Nov 1, 1996 | Topa Savings Bank, FSB | Regency Savings Bank, A FSB |
| Nov 1, 1996 | Wildupco Federal Credit Union | Dexsta Federal Credit Union |
| Nov 1, 1996 | Sentinel Federal Savings and Loan Association of Kansas City | Roosevelt Bank |
| Nov 1, 1996 | First Republic Thrift & Loan | First Republic Bank |
| Nov 1, 1996 | Topa Thrift and Loan Association | Regency Savings Bank, A FSB |
| Nov 1, 1996 | Eielson Federal Credit Union | Global Federal Credit Union |
| Nov 1, 1996 | North Syracuse Federal Credit Union | Core Credit Union |
| Nov 1, 1996 | Tuscaloosa Commerce Bank | Deposit Guaranty National Bank of Louisiana |
| Nov 1, 1996 | Sheldon Security Financial Corporation | Security National Corporation |
| Nov 1, 1996 | Mcu Corporation | Banc One Illinois Corporation |
| Nov 1, 1996 | Ncaphcc Credit Union | Members Credit Union |
| Oct 31, 1996 | Wean Industries Employees Credit Union, Inc. | Credit Union One, Inc. |
| Oct 31, 1996 | American State Bancshares, Inc. | First National Security Company |
| Oct 31, 1996 | American Fidelity Bank | GreenBank |
| Oct 31, 1996 | First Monco Bancshares, Inc. | Banctrust Financial Group, Inc. |
| Oct 28, 1996 | Henry County Bancorp, Inc. | Orion Bancorporation, Inc. |
| Oct 28, 1996 | Peoples Bank of Cambridge | Bankorion |
| Oct 26, 1996 | Plainwell Paper Company Incorporated Employees Credit Union | Advia Credit Union |
| Oct 26, 1996 | Commerce Bank, National Association | Commerce Bank |
| Oct 26, 1996 | Liberty Bank | Whitney National Bank of Florida |
| Oct 26, 1996 | (unnamed) | Roosevelt Bank |
| Oct 26, 1996 | American Bank and Trust | Whitney National Bank of Florida |
| Oct 26, 1996 | Liberty Holding Company | Whitney Holding Corporation |
| Oct 26, 1996 | BayBank FSB | BayBank NH, National Association |
| Oct 26, 1996 | FirstSouth Bank | RBC Bank (USA) |
| Oct 25, 1996 | ProBank | Compass Bank |
| Oct 25, 1996 | Northern National Bank | Norwest Bank North Country, National Association |
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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