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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
Jul 30, 1996 OCC_OTS United Savings Association of Texas Orders of Removal/Prohibition: Ricky G. Bingham
Jul 30, 1996 OCC_OTS First Federal Savings Bank of North Texas Orders of Removal/Prohibition: Melanye Denyse Picha
Jul 30, 1996 OCC_OTS Sentinel Federal Savings and Loan Association of Kansas City Orders of Removal/Prohibition: Douglas D. Schissler
Jul 29, 1996 OCC_OTS Great Lakes Bancorp, A FSB Orders of Removal/Prohibition: Joni Jones
Jul 29, 1996 OCC_OTS (individual) Orders of Removal/Prohibition: Dedric J. Bradley
Jul 26, 1996 OCC Capital National Bank Prohibition/Removal Orders: Alfaro, Luis
Jul 25, 1996 FRB Bangkok Metropolitan Bank Public Company Limited Order to Terminate Activities: Bangkok Metropolitan Bank, PCL, Bangkok, Thailand
Jul 23, 1996 FRB (individual) Prohibition from Banking: Scott A. Noyes
Jul 23, 1996 FRB (individual) Civil Money Penalty $10,000: Scott A. Noyes
Jul 19, 1996 OCC Citizens National Bank of Albion C&D or PC&D Requiring Restitution: Hanneken, Gregory J.
Jul 19, 1996 OCC Citizens National Bank of Albion Prohibition/Removal Orders: Hanneken, Gregory J.
Jul 16, 1996 OCC Vineyard National Bancorp Civil Money Penalty (CMP): Zurek, Ronald C.
Jul 15, 1996 FRB United Security Bancorporation Cease and Desist Order: United Security Bancorporation, Lincoln, NE
Jul 15, 1996 FRB United Security Bancorporation Cease and Desist Order: David C. Myers
Jul 15, 1996 FRB United Security Bancorporation Cease and Desist Order: Harold S. Myers
Jul 15, 1996 FRB The Bank of Corning Company Written Agreement: The Bank of Corning, Corning, OH (Now known as North Valley Bank, …
Jul 2, 1996 FRB Cedar Vale Bank Holding Company, Inc. Cease and Desist Order: Cedar Vale Bank Holding Company, Inc., Wellington, KS
Jul 2, 1996 FRB Cedar Vale Bank Holding Company, Inc. Cease and Desist Order: W. C. Long, Jr.
Jul 2, 1996 FRB Somerset Trust Company Prohibition from Banking: Mark E. Marteeny
Jul 2, 1996 FRB Cedar Vale Bank Holding Company, Inc. Civil Money Penalty $717,941: W. C. Long, Jr.
Jul 1, 1996 OCC_OTS Lufkin Federal Savings and Loan Association Orders of Removal/Prohibition: Kimberlee R. Niederhoffer
Jun 28, 1996 OCC Mechanics National Bank C&D or PC&D Requiring Restitution: Greenfield, Albert N.
Jun 28, 1996 OCC Mechanics National Bank Prohibition/Removal Orders: Greenfield, Albert N.
Jun 28, 1996 OCC Mechanics National Bank Civil Money Penalty (CMP): Greenfield, Albert N.
Jun 28, 1996 OCC_OTS Oak Tree Federal Savings Bank Cease and Desist: Jack N. Merritt
Jun 28, 1996 OCC_OTS (individual) Orders of Removal/Prohibition: Charles A. Ramos
Jun 21, 1996 OCC_OTS Pioneer Federal Savings Bank Cease and Desist: Phillip R. Perry
Jun 21, 1996 OCC_OTS Pioneer Federal Savings Bank Civil Money Penalty: Catherine HIggins Howard
Jun 21, 1996 OCC_OTS Pioneer Federal Savings Bank Civil Money Penalty: Charles Lester Key
Jun 21, 1996 OCC_OTS Pioneer Federal Savings Bank Civil Money Penalty: Frederick Marshal Higgins
Jun 21, 1996 OCC_OTS Pioneer Federal Savings Bank Civil Money Penalty: Phillip R. Perry
Jun 21, 1996 OCC_OTS Pioneer Federal Savings Bank Cease and Desist: Catherine Higgins Howard
Jun 21, 1996 OCC_OTS Pioneer Bank Cease and Desist: Charles Lester Key
Jun 21, 1996 OCC_OTS Pioneer Federal Savings Bank Cease and Desist: Frederick Marshall Higgins
Jun 17, 1996 FRB State Bank of Texas Civil Money Penalty $9,500: William B. Black, III
Jun 17, 1996 OCC_OTS First Federal Savings Bank Supervisory Agreement: First Savings Bank, F.S.B.
Jun 11, 1996 FRB Bankers Company of New York Cease and Desist Order: Gary Scott Missner
Jun 11, 1996 FRB Bankers Company of New York Civil Money Penalty $100,000: Gary Scott Missner
Jun 5, 1996 OCC Security Bank of South Dakota, National Association Civil Money Penalty (CMP): Nordstrom, Marcie A.
Jun 5, 1996 OCC The State National Bank of Garfield Civil Money Penalty (CMP): Johnson, Donald M.
Jun 5, 1996 OCC The State National Bank of Garfield Civil Money Penalty (CMP): Johnson, Dolores A.
Jun 5, 1996 OCC Security Bank of South Dakota, National Association Civil Money Penalty (CMP): Nordstrom, Paul H.
May 30, 1996 OCC First National Bank of Vicksburg Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Vicksburg
May 30, 1996 OCC_OTS (individual) Cease and Desist: Ira F. Bailey
May 29, 1996 OCC The State National Bank of Garfield Civil Money Penalty (CMP): Johnson, Donald M.
May 22, 1996 FRB Country Hill Bank Prohibition from Banking: Albert L. Margolin
May 22, 1996 FRB (individual) Civil Money Penalty $5,000: Barry S. Winter
May 22, 1996 FRB Country Hill Bank Prohibition from Banking: Joseph G. Donner
May 22, 1996 FRB (individual) Civil Money Penalty $2,000: Keith E. Leonard
May 22, 1996 FRB (individual) Civil Money Penalty $40,000: Howard S. Miller

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