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 | Assets |
|---|---|---|
| Aug 16, 1996 | Commonwealth Thrift & Loan | $11.5M |
| Aug 9, 1996 | Union Federal Bank, FSB | $32.6M |
| Jul 12, 1996 | Fairfield First Bank & Trust Co | $57.3M |
| Jun 14, 1996 | First NB of the Panhandle | $68.1M |
| May 31, 1996 | People's Bank & Trust | $22.7M |
| Mar 8, 1996 | Metrobank of Philadelphia | $40.4M |
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 | Acquirer |
|---|---|---|
| Aug 30, 1996 | Merrill/Norstar Bankshare Association | Fleetboston Financial Corporation |
| Aug 27, 1996 | FNB Bancshares, Inc. | First Banking Company of Southeast Georgia |
| Aug 27, 1996 | Chequamegon Credit Union | Superior Choice Credit Union |
| Aug 27, 1996 | Southwest Tennessee Bancshares, Inc. | Chester County Bancshares, Inc. |
| Aug 27, 1996 | North Central Washington Bank | Central Washington Bank |
| Aug 26, 1996 | The Calcasieu-Marine National Bank of Lake Charles | Capital One, N.A. |
| Aug 26, 1996 | (unnamed) | Simmons First Bank of South Arkansas |
| Aug 26, 1996 | National Bank of Fairhaven | Slade's Ferry Trust Company |
| Aug 26, 1996 | C M Bank Holding Company | Hibernia Corporation |
| Aug 24, 1996 | CFB Bancorp, Inc. | BBVA USA Bancshares, Inc. |
| Aug 24, 1996 | Community First Bank | Compass Bank |
| Aug 23, 1996 | Mercantile Bank of Topeka | (unnamed) |
| Aug 23, 1996 | Manistee Salt Employees Credit Union | Filer Credit Union |
| Aug 23, 1996 | The Bank of Heard County | Regions Bank |
| Aug 22, 1996 | Northern Illinois Financial Corporation | Grand Premier Financial, Inc. |
| Aug 22, 1996 | Premier Financial Services, Inc. | Grand Premier Financial, Inc. |
| Aug 22, 1996 | Premier Acquisition Company | Grand Premier Financial, Inc. |
| Aug 19, 1996 | Franklin National Bank of Virginia | Franklin National Bank of Washington, D.C. |
| Aug 17, 1996 | Mercantile Bank of Henry County | Mercantile Bank of Eastern Iowa |
| Aug 17, 1996 | Mercantile Bank of Clinton | Mercantile Bank of Eastern Iowa |
| Aug 17, 1996 | Firstbanc Savings of Texas | Fort Bend Federal Savings and Loan Association |
| Aug 17, 1996 | First Community Bank | RBC Bank (USA) |
| Aug 17, 1996 | Mercantile Bank of Washington | Mercantile Bank of Eastern Iowa |
| Aug 17, 1996 | Mercantile Bank of Maquoketa | Mercantile Bank of Eastern Iowa |
| Aug 17, 1996 | Mercantile Bank of Cedar Rapids, Iowa | Mercantile Bank of Eastern Iowa |
| Aug 16, 1996 | First Gwinnett Bancshares, Inc. | Regions Financial Corporation |
| Aug 16, 1996 | Chase Financial Services, Inc. | First Bank |
| Aug 16, 1996 | First Gwinnett Bank | Regions Bank |
| Aug 16, 1996 | Rockdale Community Bank | Regions Bank |
| Aug 16, 1996 | Mercantile Bank of Conway County National Association | Mercantile Bank of Arkansas National Association |
| Aug 16, 1996 | Bank Chase | First Bank |
| Aug 16, 1996 | Mercantile Bank of Crawford County, National Association | Mercantile Bank of Arkansas National Association |
| Aug 16, 1996 | Charter National Bank-Colonial | NationsBank of Texas, National Association |
| Aug 16, 1996 | Riverside National Bank | First State Bank of Texas |
| Aug 16, 1996 | Mercantile Bank of North Central Arkansas National Association | Mercantile Bank of Arkansas National Association |
| Aug 16, 1996 | Mercantile Bank of Heber Springs National Association | Mercantile Bank of Arkansas National Association |
| Aug 16, 1996 | Mountain Parks Bank-East | Community First National Bank |
| Aug 16, 1996 | Mountain Parks Bank - West | Community First National Bank |
| Aug 16, 1996 | University National Bank - Galveston | NationsBank of Texas, National Association |
| Aug 16, 1996 | Charter National Bank - Houston | NationsBank of Texas, National Association |
| Aug 16, 1996 | Bank of Louisville | Community First National Bank |
| Aug 16, 1996 | First National Bank of Denham Springs | Whitney Bank |
| Aug 14, 1996 | Chase Federal Bank, a Federal Savings Bank | NationsBank, National Association (South) |
| Aug 12, 1996 | Holy Ghost Faith Federal Credit Union | Saint Landry Parish Federal Credit Union |
| Aug 12, 1996 | North Bank | Independent Bank |
| Aug 10, 1996 | California United Bank, National Association | California United Bank |
| Aug 10, 1996 | Home Interstate Bancorp | Cu Bancorp |
| Aug 9, 1996 | Fairfax Bank & Trust Company | F & M Bank - Northern Virginia |
| Aug 9, 1996 | Delta Bank & Trust Company | Regions Bank of Louisiana |
| Aug 9, 1996 | U. S. Bank of Idaho, N.A. | U. S. Bank of Idaho |
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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