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 |
|---|---|---|
| Nov 14, 1996 | CTB Realty Ventures XXX, Inc. | First Union Bank of Connecticut |
| Nov 14, 1996 | Centerbank Realty Company | First Union Bank of Connecticut |
| Nov 14, 1996 | CTB Ventures 60, Inc. | First Union Bank of Connecticut |
| Nov 14, 1996 | CTB Whitney/Hamden, Inc. | First Union Bank of Connecticut |
| Nov 14, 1996 | CTB Realty Services, Inc. | First Union Bank of Connecticut |
| Nov 14, 1996 | Center Financial Corporation | Wachovia Corporation |
| Nov 14, 1996 | Affiliated Business Credit Corp | First Union Bank of Connecticut |
| Nov 14, 1996 | CTB Ventures 68, Inc. | First Union Bank of Connecticut |
| Nov 12, 1996 | The First National Bank of Maryland, D.C. | Allfirst Bank |
| Nov 8, 1996 | Crestar Bank FSB | Crestar Bank MD |
| Nov 7, 1996 | Today's Bancorp, Inc. | Ameribanc, Inc. |
| Nov 7, 1996 | Chemical Bank, FSB | Chase Manhattan Private Bank, N.A. |
| Nov 2, 1996 | Central Federal Credit Union | Genco Federal Credit Union |
| Nov 2, 1996 | Sunrise Bancorp | Sundowner Corporation |
| Nov 2, 1996 | First National Bank of Lake Park | 1st United Bank |
| Nov 1, 1996 | First Financial Corporation of America | Ameribanc, Inc. |
| Nov 1, 1996 | Sunbeam Employees Federal Credit Union | First Citizens Federal Credit Union |
| Nov 1, 1996 | Tuscaloosa Bancshares, Inc. | Deposit Guaranty Louisiana Corp. |
| Nov 1, 1996 | Reading Postal Federal Credit Union | First Class Federal Credit Union |
| Nov 1, 1996 | Sierra Vista Federal Credit Union | Rize Federal Credit Union |
| Nov 1, 1996 | Controls Credit Union | Prairieland Federal Credit Union |
| Nov 1, 1996 | Johnstone Training & Research Center Federal Credit Union | Edifi Federal Credit Union |
| Nov 1, 1996 | Metrobank | Comerica Bank-California |
| Nov 1, 1996 | Topa Savings Bank, FSB | Regency Savings Bank, A FSB |
| Nov 1, 1996 | Wildupco Federal Credit Union | Dexsta Federal Credit Union |
| Nov 1, 1996 | Sentinel Federal Savings and Loan Association of Kansas City | Roosevelt Bank |
| Nov 1, 1996 | First Republic Thrift & Loan | First Republic Bank |
| Nov 1, 1996 | Topa Thrift and Loan Association | Regency Savings Bank, A FSB |
| Nov 1, 1996 | Eielson Federal Credit Union | Global Federal Credit Union |
| Nov 1, 1996 | North Syracuse Federal Credit Union | Core Credit Union |
| Nov 1, 1996 | Tuscaloosa Commerce Bank | Deposit Guaranty National Bank of Louisiana |
| Nov 1, 1996 | Sheldon Security Financial Corporation | Security National Corporation |
| Nov 1, 1996 | Mcu Corporation | Banc One Illinois Corporation |
| Nov 1, 1996 | Ncaphcc Credit Union | Members Credit Union |
| Oct 31, 1996 | Wean Industries Employees Credit Union, Inc. | Credit Union One, Inc. |
| Oct 31, 1996 | American State Bancshares, Inc. | First National Security Company |
| Oct 31, 1996 | American Fidelity Bank | GreenBank |
| Oct 31, 1996 | First Monco Bancshares, Inc. | Banctrust Financial Group, Inc. |
| Oct 28, 1996 | Henry County Bancorp, Inc. | Orion Bancorporation, Inc. |
| Oct 28, 1996 | Peoples Bank of Cambridge | Bankorion |
| Oct 26, 1996 | Plainwell Paper Company Incorporated Employees Credit Union | Advia Credit Union |
| Oct 26, 1996 | Commerce Bank, National Association | Commerce Bank |
| Oct 26, 1996 | Liberty Bank | Whitney National Bank of Florida |
| Oct 26, 1996 | (unnamed) | Roosevelt Bank |
| Oct 26, 1996 | American Bank and Trust | Whitney National Bank of Florida |
| Oct 26, 1996 | Liberty Holding Company | Whitney Holding Corporation |
| Oct 26, 1996 | BayBank FSB | BayBank NH, National Association |
| Oct 26, 1996 | FirstSouth Bank | RBC Bank (USA) |
| Oct 25, 1996 | ProBank | Compass Bank |
| Oct 25, 1996 | Northern National Bank | Norwest Bank North Country, National Association |
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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