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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
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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