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