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 |
|---|---|---|
| Oct 1, 1996 | Effingham Bank & Trust | Century South Bank of the Coastal Region, National Association |
| Oct 1, 1996 | United Bank & Trust, National Association | Inwood National Bank |
| Oct 1, 1996 | Perfex Credit Union | First Credit Union |
| Oct 1, 1996 | Firstbanc Holding Company, Inc. | Alabama National Bancorporation |
| Oct 1, 1996 | First Wilmington Corp. | Beverly Bancorporation, Inc. |
| Oct 1, 1996 | Royall Financial Corporation | Compass Texas Acquisition Corp. |
| Oct 1, 1996 | Njic, Inc. | Merchants and Manufacturers Bank Corporation |
| Oct 1, 1996 | Allegiance Banc Corporation | F & M National Corporation |
| Oct 1, 1996 | Saint Louis Cathedral Federal Credit Union | Louisiana Central Credit Union |
| Oct 1, 1996 | Industrial Bancshares, Inc. | Valley View Bancshares, Inc. |
| Oct 1, 1996 | Daily News Employees Federal Credit Union | Premier America Credit Union |
| Oct 1, 1996 | Cleghorn State Bank | The First Trust & Savings Bank |
| Oct 1, 1996 | International Bancshares, Inc. | Valley View Bancshares, Inc. |
| Oct 1, 1996 | Dynamic Credit Union | Numark Credit Union |
| Oct 1, 1996 | Mission Bancshares, Inc. | Valley View Bancshares, Inc. |
| Oct 1, 1996 | New York Blower Employees Federal Credit Union | Laporte Community Federal Credit Union |
| Oct 1, 1996 | The First National Bank of Enfield | The First National Bank of Carmi |
| Oct 1, 1996 | Leader Federal Bank for Savings | Union Planters Bank, National Association |
| Oct 1, 1996 | Wasiota Credit Union | Old Hickory Credit Union |
| Oct 1, 1996 | Jantzen Federal Credit Union | Consolidated Federal Credit Union |
| Oct 1, 1996 | Tryon Federal Savings and Loan Association | HomeTrust Bank |
| Oct 1, 1996 | Parmer County Teachers Federal Credit Union | Friona Texas Federal Credit Union |
| Oct 1, 1996 | St. Bernard Bank & Trust Co. | Capital One, N.A. |
| Oct 1, 1996 | Lea County Federal Credit Union | Estacado Federal Credit Union |
| Oct 1, 1996 | Alice Employees Credit Association Federal Credit Union | Anderson Federal Credit Union |
| Oct 1, 1996 | Bank of Southern California | First National Bank |
| Oct 1, 1996 | Southwest Savings Community Credit Union | Bell West Community Credit Union |
| Oct 1, 1996 | Shawmut Trust Company | Fleet Bank |
| Oct 1, 1996 | Compass Bank-Central Texas | Compass Bank |
| Oct 1, 1996 | Big SKY Community Credit Union | Lincoln County Credit Union |
| Oct 1, 1996 | Milk Drivers & Dairy Employees Credit Union | Safeamerica Credit Union |
| Oct 1, 1996 | One Security, Inc. | Valley View Bancshares, Inc. |
| Oct 1, 1996 | Halmode Employees Federal Credit Union | Roanoke Valley Community Federal Credit Union |
| Oct 1, 1996 | First Paintsville Bancshares, Inc. | Classic Bancshares, Inc. |
| Oct 1, 1996 | Fleet Trust Company | Fleet Bank |
| Oct 1, 1996 | Saint John's Healthcare Federal Credit Union | Madison County Federal Credit Union |
| Oct 1, 1996 | Conejo Valley Sda Federal Credit Union | California Adventist Federal Credit Union |
| Oct 1, 1996 | Unocal Bakersfield Federal Credit Union | Safe 1 Credit Union |
| Oct 1, 1996 | S&K Employees Federal Credit Union | Police and Fire Federal Credit Union |
| Oct 1, 1996 | The Royall National Bank of Palestine | Compass Bank |
| Oct 1, 1996 | American Mirrex Federal Credit Union | Del-One Federal Credit Union |
| Oct 1, 1996 | Camas Prairie Railroad Federal Credit Union | Lewis Clark Credit Union |
| Sep 30, 1996 | Faribo Credit Union | Home Town Federal Credit Union |
| Sep 30, 1996 | Central West Bancorporation | Pathward Financial, Inc. |
| Sep 30, 1996 | New Horizons Savings and Loan Association | Luther Burbank Savings |
| Sep 30, 1996 | Heritage National Bank | SouthTrust Bank of Florida, National Association |
| Sep 30, 1996 | Knights Family Federal Credit Union | Indiana Members Credit Union |
| Sep 30, 1996 | Heritage Bancshares, Inc. | Southtrust of Florida, Incorporated |
| Sep 30, 1996 | N.J. State Employees Federal Credit Union | Edifi Federal Credit Union |
| Sep 28, 1996 | Citnat Bancorp, Inc. | Security Banc Corporation |
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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