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 |
|---|---|---|
| Dec 1, 1996 | Minco Employees Federal Credit Union | Midflorida Credit Union |
| Dec 1, 1996 | Franklin Federal Savings Bank | Union Planters Bank of the Lakeway Area |
| Dec 1, 1996 | Svgia Credit Union | Puget Sound Federal Credit Union |
| Dec 1, 1996 | Chase Manhattan Bank USA, N.A. | Chase Bank USA, N.A. |
| Dec 1, 1996 | Armstrong-Urw Nashville Employees Federal Credit Union | Ten Credit Union |
| Dec 1, 1996 | The Bank of New York | The Bank of New York Mellon |
| Dec 1, 1996 | The Putnam Trust Company | The Bank of New York Mellon |
| Dec 1, 1996 | First Midwest Bank/Quad Cities, National Association | First Midwest Bank |
| Dec 1, 1996 | Business Council Credit Union | Wescom Central Credit Union |
| Dec 1, 1996 | Western Security Bank | Mid City Bank, Inc. |
| Dec 1, 1996 | Farmers State Bancorp | First Financial Bancorp |
| Dec 1, 1996 | Financial Bancshares, Inc. | Capital Bancorporation, Inc. |
| Dec 1, 1996 | Utah Federal Savings Bank | Washington Mutual Bank FSB |
| Dec 1, 1996 | BankAlabama-Huntsville | Union Planters Bank of Alabama |
| Dec 1, 1996 | Saulte Ste Marie Credit Union | Soo Line Credit Union |
| Dec 1, 1996 | BANKFIRST, a federal savings bank | Union Planters Bank of Alabama |
| Dec 1, 1996 | Premises, Inc. | Venture Bank |
| Nov 30, 1996 | Metropolitan Federal Savings and Loan Association of Seattle | WaFd Bank |
| Nov 29, 1996 | Lilly, Inc. | Lafayette American Bank |
| Nov 29, 1996 | Seymour, Inc. | Lafayette American Bank |
| Nov 29, 1996 | UST Bank/Connecticut | Lafayette American Bank |
| Nov 28, 1996 | Cupertino National Bancorp | Greater Bay Bancorp |
| Nov 26, 1996 | Home Savings Bank, F.S.B. | First Union National Bank of Florida |
| Nov 23, 1996 | State Bank of Marion | The First State Bank of La Moure |
| Nov 23, 1996 | Security National Bank | The Stone Fort National Bank of Nacogdoches |
| Nov 23, 1996 | Mellon PSFS (NJ) National Association | BNY Mellon, N.A. |
| Nov 22, 1996 | Preferred Bank, A FSB | SouthTrust Bank of Florida, National Association |
| Nov 22, 1996 | BankPlus SSB | BankPlus |
| Nov 22, 1996 | Douglas County Bank | Century Bank of the Ozarks |
| Nov 21, 1996 | South Valley Bancorporation | Pacific Capital Bancorp |
| Nov 19, 1996 | United Food & Commercial Workers Union Local #324 Federal Credit Union | Rancho Federal Credit Union |
| Nov 19, 1996 | Suburban Community Hospital Employee Federal Credit Union | North Coast Credit Union |
| Nov 18, 1996 | First Public Savings Bank, a Federal Savings Bank | Cathay Bank |
| Nov 18, 1996 | Bank of Madisonville | First Vantage Bank-Tennessee |
| Nov 18, 1996 | United Southern Bank | First Vantage Bank-Tennessee |
| Nov 18, 1996 | First Virginia Bank-South Hill | First Virginia Bank - Colonial |
| Nov 16, 1996 | Middle Georgia Bank | First Liberty Bank |
| Nov 16, 1996 | Suncoast Savings and Loan Association, FSA | BankUnited, FSB |
| Nov 15, 1996 | Crestar Bank MD | Crestar Bank |
| Nov 15, 1996 | Community State Bank | Whitney Bank |
| Nov 15, 1996 | (unnamed) | Crestar Bank |
| Nov 15, 1996 | Northern National Bank | Norwest Bank North Country, National Association |
| Nov 15, 1996 | Equitable Credit Union | Navigant Credit Union |
| Nov 15, 1996 | Valley Bancorporation, Inc. | First Farmers & Merchants National Bank |
| Nov 15, 1996 | Community Bancshares, Inc. | Hancock Whitney Corporation |
| Nov 14, 1996 | CTB Campbell Avenue, Inc. | First Union Bank of Connecticut |
| Nov 14, 1996 | CTB Ventures 70, Inc. | First Union Bank of Connecticut |
| Nov 14, 1996 | Centerbank | First Union Bank of Connecticut |
| Nov 14, 1996 | CTB Realty Ventures Xxxii, Inc. | First Union Bank of Connecticut |
| Nov 14, 1996 | CTB Ventures 69, Inc. | First Union Bank of Connecticut |
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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