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

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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