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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
Oct 25, 1996 The Bank of Commerce OK BancFirst
Oct 25, 1996 Commerce Bancorporation, Inc. OK BancFirst Corporation
Oct 25, 1996 Gibson County Bank IN Old National Bank
Oct 25, 1996 Granville United Bank NC Triangle Bank
Oct 24, 1996 Saint Paul Medical Center Credit Union TX OmniAmerican Bank
Oct 24, 1996 Volga Federal Credit Union SD Dakotaland Federal Credit Union
Oct 24, 1996 (unnamed) — Firstar Bank Missouri, National Association
Oct 22, 1996 Harry Rich Affiliates Federal Credit Union NJ L'Oreal USA Federal Credit Union
Oct 21, 1996 Youngs Rubber Employees Federal Credit Union NJ Credit Union of New Jersey
Oct 20, 1996 Workingmens Capital Holdings, Inc. IN Old National Bancorp
Oct 20, 1996 Onb Bank IN ONB Bloomington, National Association
Oct 19, 1996 First Citizens Bank CA California Federal Bank, a Federal Savings Bank
Oct 18, 1996 Yellowstone Bank, Absarokee, Montana MT The Yellowstone Bank
Oct 18, 1996 Mercantile Bank of Lake of the Ozarks MO Mercantile Bank of Central Missouri
Oct 18, 1996 Mercantile Bank of Phelps County MO Mercantile Bank of Central Missouri
Oct 18, 1996 The Yellowstone Bank, Columbus, Montana MT The Yellowstone Bank
Oct 18, 1996 Mercantile Bank of Warrensburg MO Mercantile Bank of Central Missouri
Oct 18, 1996 (unnamed) — Mercantile Bank of Central Missouri
Oct 18, 1996 St. Clair Federal Savings Bank AL National Bank of Commerce of Birmingham
Oct 18, 1996 Bank IV, National Association KS Nationsbank, National Association (Mid-West)
Oct 18, 1996 Boatmen's Kansas, Inc. KS Bbi Kansas, Inc.
Oct 18, 1996 The Yellowstone Bank MT The Yellowstone Bank
Oct 18, 1996 Mercantile Bank of West Central Missouri MO Mercantile Bank of Central Missouri
Oct 18, 1996 Mercantile Bank of Boone County MO Mercantile Bank of Central Missouri
Oct 17, 1996 Sutter Buttes Savings Bank, FSB CA Tri Counties Bank
Oct 15, 1996 Jdo Federal Credit Union PA C-B-W School Federal Credit Union
Oct 15, 1996 Crawford County Bank GA Southland Bank
Oct 14, 1996 Central Washington Bank WA Pacific Northwest Bank
Oct 12, 1996 Bank of North America FL Bankatlantic
Oct 12, 1996 Citizens Bank of Southern Missouri MO Union Bank
Oct 12, 1996 The Navarre Deposit Bank Company OH Sky Bank
Oct 12, 1996 Banco Central Hispano - Puerto Rico PR Banco Santander Puerto Rico
Oct 12, 1996 SCT Federal Credit Union TN Memorial Credit Union
Oct 12, 1996 Peoples Savings Association OH Fidelity Federal Savings Bank
Oct 7, 1996 The First National Bank of Westville IL First National Bank of Danville
Oct 7, 1996 Orland State Bank IL Marquette Bank
Oct 6, 1996 Southwest Financial Bank and Trust Company IL Southwest Financial Bank and Trust Company
Oct 5, 1996 Bank of Chapmanville WV Logan Bank & Trust Company
Oct 5, 1996 Graham Savings Bank, Inc., SSB NC Central Carolina Bank and Trust Company
Oct 5, 1996 The Anchor Bank of North Carolina NC The Anchor Bank
Oct 4, 1996 WesBanco Bank Kingwood, Inc. WV WesBanco Bank Fairmont, Inc.
Oct 3, 1996 Randolph County Bancorp IN First Merchants Corporation
Oct 2, 1996 Hawkeye Federal Savings Bank IA Commercial Federal Bank, a Federal Savings Bank
Oct 1, 1996 Burlington County Bank NJ Trenton Savings Bank FSB
Oct 1, 1996 Continental Bancorporation NJ Collective Bancorp, Inc.
Oct 1, 1996 Financial Bancorp, Inc. CO Community First Bankshares, Inc.
Oct 1, 1996 First Citizens Processing Services, Inc. SC First-Citizens Bank & Trust Company
Oct 1, 1996 Sierrawest Bank NV SierraWest Bank
Oct 1, 1996 First Midwest Asset Management Company IL First Midwest Bancorp, Inc.
Oct 1, 1996 Bancalabama, Inc. AL BNF Bancorp, 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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