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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 31, 1996 Mercantile Bank of Wright County MO Mercantile Bank of South Central Missouri
Dec 31, 1996 BW3 Bancorporation IA Liberty Financial Corporation
Dec 31, 1996 Texas Heritage Savings Association/Banc TX First Federal Savings Bank of North Texas
Dec 31, 1996 Fergus Falls Bancshares, Inc. MN Fergus Falls Bancshares, Inc.
Dec 31, 1996 Bank of San Francisco Building Company CA Bank of San Francisco
Dec 31, 1996 Leavcorp, Inc. KS Acquisition Corporation
Dec 31, 1996 Madelia Agency, Incorporated MN Madelia Bancshares, Inc.
Dec 31, 1996 Pinnacle Bank IN Fifth Third Bank, Indiana
Dec 31, 1996 A.B.C. Bancorporation, Inc. IA Liberty Financial Corporation
Dec 31, 1996 (unnamed) — Mercantile Bank of South Central Missouri
Dec 31, 1996 Abi Mortgage Corporation MN Firstar Corporation of Minnesota
Dec 31, 1996 Brush Country Holding Company, Inc. TX Freedom Bank
Dec 31, 1996 First State Bank, National Association TX State National Bank of West Texas
Dec 31, 1996 B & K Bancorporation, Inc. IA Liberty Financial Corporation
Dec 31, 1996 M&F Financial Corporation GA Ameris Bancorp
Dec 31, 1996 Rawlins National Bancorporation, Inc. CO Carbon County Holding Company
Dec 31, 1996 The National Bank of West Virginia WV WesBanco Bank Fairmont, Inc.
Dec 31, 1996 University of Massachusetts Students Federal Credit Union MA Umassfive College Federal Credit Union
Dec 31, 1996 Abi Leasing Corporation MN Firstar Corporation of Minnesota
Dec 31, 1996 Waubun Bancshares, Inc. MN Midwest Bank Group, Inc.
Dec 31, 1996 Missoula Bancshares, Inc. MT Glacier Bancorp, Inc.
Dec 31, 1996 Augusta Capital Corporation WI Unity Bank
Dec 31, 1996 Finest Financial Corp. NH First Essex Bancorp Inc
Dec 31, 1996 Pelham Bank and Trust Company NH First Essex Bank
Dec 31, 1996 Integra Life Insurance Company AZ National City Corporation
Dec 31, 1996 Mercantile Bank of Monett MO Mercantile Bank of South Central Missouri
Dec 31, 1996 White Pine Bancorp, Inc. MN Norbanc Group Inc.
Dec 31, 1996 Winnebago County Bancorporation IA Liberty Financial Corporation
Dec 31, 1996 I.S.B. Bancorporation, Inc. IA Liberty Financial Corporation
Dec 31, 1996 First Liberty Bancorp. IA Liberty Financial Corporation
Dec 31, 1996 Mercantile Bank of Lebanon MO Mercantile Bank of South Central Missouri
Dec 31, 1996 ANB Realty Corporation MN Firstar Corporation of Minnesota
Dec 31, 1996 L.B.T. Bancorporation IA Liberty Financial Corporation
Dec 30, 1996 Comerica Leasing Corporation MI Comerica Bank
Dec 30, 1996 Northeast Securities Brokerage Corporation MN Northeast Bank
Dec 28, 1996 Keystone Savings & Loan Association PA St. Edmond's Federal Savings Bank
Dec 28, 1996 First National Independent Bancorp, Inc. IL F.N.B.C. of La Grange, Inc.
Dec 28, 1996 First City Bancshares, Incorporated of S MO Mark Twain Bancshares, Inc.
Dec 27, 1996 Hartford National Corporation CT Fleetboston Financial Corporation
Dec 27, 1996 First Delta Financial Corporation AR First Service Bancshares, Inc.
Dec 27, 1996 LJT, Inc. NE First Holdrege Bancshares, Inc.
Dec 27, 1996 Honeywell Employees Credit Union IL Meadows Credit Union
Dec 27, 1996 Wbac, Inc. WI State Financial Services Corporation
Dec 24, 1996 Shawmut Corporation MA Fleetboston Financial Corporation
Dec 23, 1996 Union Planters Bancshares, Inc. AR Union Planters Holding Corporation
Dec 23, 1996 Crown Bancshares, Inc. NE Team Financial Acquisition Subsidiary, Inc.
Dec 21, 1996 First State Bank TX First American Bank SSB
Dec 20, 1996 A a T Federal Credit Union IL Meadows Credit Union
Dec 20, 1996 (unnamed) — Firstar Bank, National Association
Dec 19, 1996 Illini Bancorp, Inc. IL Founders Group, Inc.

The list holds 500 of the 1,203 mergers recorded for 1996.

Enforcement Actions in 1996

Action date Agency Institution Action
May 22, 1996 FRB (individual) Cease and Desist Order: Keith E. Leonard
May 22, 1996 FRB Country Hill Bank Cease and Desist Order: Joseph G. Donner
May 22, 1996 FRB (individual) Cease and Desist Order: Howard S. Miller
May 22, 1996 FRB (individual) Cease and Desist Order: Barry S. Winter
May 22, 1996 FRB Country Hill Bank Cease and Desist Order: Albert L. Margolin
May 22, 1996 OCC_OTS Summit Federal Savings and Loan Association Orders of Removal/Prohibition: Concetta Cannataro
May 20, 1996 OCC First National Bank of Effingham Civil Money Penalty (CMP): Atkins, David M.
Apr 30, 1996 OCC_OTS Firstbanc Savings of Texas Supervisory Agreement: FirstBanc Savings Association of Texas
Apr 24, 1996 OCC_OTS Great West, a Federal Savings Bank Orders of Removal/Prohibition: Tom R. Waymire
Apr 24, 1996 OCC_OTS Local America Bank of Tulsa, A Federal Savings Bank Orders of Removal/Prohibition: Lisa M. DeMoss
Apr 24, 1996 OCC_OTS Superior Financial Services, Inc Orders of Removal/Prohibition: Melissa Gail Bell
Apr 24, 1996 OCC_OTS Superior Financial Services, Inc Orders of Removal/Prohibition: Tracie Ann Swearingen
Apr 24, 1996 OCC_OTS Local America Bank of Tulsa, A Federal Savings Bank Cease and Desist: Lisa M. DeMoss
Apr 24, 1996 OCC_OTS Superior Financial Services, Inc Cease and Desist: Tracie Ann Swearingen
Apr 23, 1996 FRB Banco Boliviano Americano, S.A. Written Agreement: Banco Boliviano Americano, La Paz, Bolivia and Banco Boliviano Americano, Miami, FL
Apr 19, 1996 FRB (individual) Prohibition from Banking: Michael J. Galietta
Apr 19, 1996 OCC_OTS Charter Oak Federal Savings Bank Orders of Removal/Prohibition: John C. Brauer
Apr 17, 1996 FRB (individual) Prohibition from Banking: Ricardo Colon
Apr 15, 1996 OCC_OTS Charter Oak Federal Savings Bank Cease and Desist: David C. Banker
Apr 12, 1996 FRB Keyesport Bancshares, Inc. Written Agreement: Keyesport Bancshares, Inc., Keyesport, IL
Apr 11, 1996 OCC_OTS The First National Bank of Iowa Orders of Removal/Prohibition: Linda K. Cross
Apr 10, 1996 OCC_OTS United Savings Association of Texas Orders of Removal/Prohibition: Prakash Zachariah Mathew
Apr 10, 1996 OCC_OTS TCF Financial Corp. Orders of Removal/Prohibition: James D. Lyall
Apr 10, 1996 OCC_OTS TCF Financial Corp. Cease and Desist: James D. Lyall
Apr 9, 1996 FRB (individual) Civil Money Penalty $1,000,000: Interamericas Investments, Ltd., George Town, Cayman Islands
Apr 9, 1996 FRB (individual) Cease and Desist Order: Interamericas Investments, Ltd., George Town, Cayman Islands
Apr 9, 1996 OCC First National Bank of Shawnee Mission Prohibition/Removal Orders: Jackson, Robert L.
Apr 9, 1996 OCC First National Bank of Shawnee Mission Civil Money Penalty (CMP): Jackson, Robert L.
Apr 9, 1996 OCC (individual) Civil Money Penalty (CMP): Kim, Charles
Apr 9, 1996 OCC (individual) Civil Money Penalty (CMP): Kim, Sunnie
Apr 9, 1996 FRB (individual) Civil Money Penalty $10,000: Peter Ulrich
Apr 9, 1996 FRB (individual) Cease and Desist Order: Peter Ulrich
Apr 5, 1996 OCC_OTS Central West End Bank Orders of Removal/Prohibition: Kristine L. Martin
Mar 25, 1996 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ward, Wayne
Mar 25, 1996 OCC_OTS General Federal Savings Bank Decision/Opinion and Order: Pedro Roman Lopez
Mar 25, 1996 OCC First Central Bank, National Association Civil Money Penalty (CMP): Ward, Wayne
Mar 25, 1996 OCC (individual) Prohibition/Removal Orders: Ward, Wayne
Mar 25, 1996 OCC_OTS General Federal Savings Bank Decision/Opinion and Order: Teresa Saldise
Mar 25, 1996 OCC (individual) Civil Money Penalty (CMP): Ward, Wayne
Mar 22, 1996 OCC_OTS (individual) Orders of Removal/Prohibition: Clark W. Wideman
Mar 21, 1996 OCC_OTS Davy Crockett Federal Savings & Loan Association Termination of Cease and Desist: Patricia Lucas
Mar 20, 1996 OCC Summit National Bank Civil Money Penalty (CMP): Gugliotti, Frank
Mar 20, 1996 OCC Summit National Bank C&D or PC&D Requiring Restitution: Gugliotti, Frank
Mar 19, 1996 FRB (individual) Civil Money Penalty $100,000: Banque Worms, S.A., Paris, France and Banque Worms Capital Corporation, …
Mar 19, 1996 FRB (individual) Written Agreement: Banque Worms, S.A., Paris, France and Banque Worms Capital Corporation, New York, …
Mar 18, 1996 FRB (individual) Cease and Desist Order: The Daiwa Bank, Limited, Osaka, Japan, and The Daiwa Bank …
Mar 15, 1996 OCC_OTS Topa Savings Bank Civil Money Penalty: Robert Hollman
Mar 14, 1996 OCC Capital National Bank C&D or PC&D Requiring Restitution: Martinez, Ramon
Mar 14, 1996 OCC_OTS (individual) Civil Money Penalty: Gary L. Holman
Mar 14, 1996 OCC_OTS (individual) Cease and Desist: Gary L. Holman

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