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 |
|---|---|---|
| Sep 13, 1996 | Boatmen's First National Bank of Oklahoma | Boatmen's National Bank of Oklahoma |
| Sep 13, 1996 | American Bancshares of Houma, Inc. | Regions Financial Corporation |
| Sep 13, 1996 | Boatmen's Oklahoma, Inc. | Bbi Kansas, Inc. |
| Sep 13, 1996 | First State Bank, Hubbard, Texas | Norwest Bank Texas, Waco, National Association |
| Sep 13, 1996 | Bank of the Desert, National Association | Rabobank, N.A. |
| Sep 13, 1996 | Cookson Pigments Employees Federal Credit Union | L'Oreal USA Federal Credit Union |
| Sep 13, 1996 | H.I.P. Employees Federal Credit Union | Financial Assurance Federal Credit Union |
| Sep 10, 1996 | Northland Bancshares, Inc. | Mark Twain Bancshares, Inc. |
| Sep 10, 1996 | Mercantile Bancorporation Incorporated of Illinois | Ameribanc, Inc. |
| Sep 10, 1996 | Mercantile Bancorporation Inc. of Iowa | Ameribanc, Inc. |
| Sep 10, 1996 | Mercantile Bancorporation Inc. of Arkansas | Ameribanc, Inc. |
| Sep 9, 1996 | Security State Bank of Adams | First United Bank |
| Sep 7, 1996 | American State Bank | Bank of Dixon County |
| Sep 7, 1996 | (unnamed) | PNC Bank, N.A. |
| Sep 6, 1996 | Lou Podell Federal Credit Union | Warden Captree Federal Credit Union |
| Sep 6, 1996 | Cumberland County Postal Employees Federal Credit Union | Bridgeton Onized Federal Credit Union |
| Sep 6, 1996 | Glen Oaks Village Owners Federal Credit Union | Consumers Federal Credit Union |
| Sep 5, 1996 | Roseville Fraser City Employees Federal Credit Union | Arc Credit Union |
| Sep 5, 1996 | Beverly Bank of Lockport | Beverly National Bank |
| Sep 5, 1996 | Beverly Bank | Beverly National Bank |
| Sep 5, 1996 | Beverly Bank-Matteson | Beverly National Bank |
| Sep 4, 1996 | Alpine Bancorporation, Inc. | Alpine Bancorporation, Inc. |
| Sep 1, 1996 | Lafeda Federal Credit Union | Southern Teachers & Parents Federal Credit Union |
| Sep 1, 1996 | Farm Co-Op Federal Credit Union | Central Kansas Credit Union |
| Sep 1, 1996 | Central Bancorporation | Pacific Northwest Bancorp |
| Sep 1, 1996 | Hunter Park Federal Credit Union | Visterra Credit Union |
| Sep 1, 1996 | Baytown City Employee Credit Union | Beacon Federal Credit Union |
| Sep 1, 1996 | Wells Fargo Bank of Arizona, National Association | Wells Fargo Bank, N.A. |
| Sep 1, 1996 | Riherd Bank Holding Company | CNB Florida Bancshares, Inc. |
| Sep 1, 1996 | Perpetual State Bank | The Fidelity Bank |
| Sep 1, 1996 | Gamco Employees Federal Credit Union | Green River Area Federal Credit Union |
| Sep 1, 1996 | Farmers and Dealers Bank | CNB National Bank |
| Sep 1, 1996 | Attco Memphis Employees Federal Credit Union | Fedtrust Federal Credit Union |
| Sep 1, 1996 | The First State Bank of Commerce | Green Country Bank, FSB |
| Sep 1, 1996 | First NH Investment Services, Inc. | Citizens Bank New Hampshire |
| Sep 1, 1996 | Citizens Bank and Trust | Bank of Labor |
| Sep 1, 1996 | Bankamerica National Trust Company | (unnamed) |
| Aug 31, 1996 | The Bank of Darien | Lafayette American Bank |
| Aug 31, 1996 | Bank of Weirton | WesBanco Bank, Inc. |
| Aug 31, 1996 | Twentieth Bancorp, Inc. | Horizon Bancorp, Inc. |
| Aug 31, 1996 | Slate Belt Federal Credit Union | Ne Pa Community Federal Credit Union |
| Aug 31, 1996 | Hometown Bancorporation, Inc. | Hudson United Bancorp |
| Aug 31, 1996 | Triangle PWC Employees Federal Credit Union | Frick Financial Federal Credit Union |
| Aug 31, 1996 | First National Financial Corporation | Ameris Bancorp |
| Aug 31, 1996 | Fleet Trust Company of Florida, National Association | Fleet Trust and Investment Services Company, N.A. |
| Aug 30, 1996 | Carlisle Bancshares, Inc. | First United Bancshares, Inc. |
| Aug 30, 1996 | Annapolis Bancshares, Inc. | Sandy Spring Bancorp, Inc. |
| Aug 30, 1996 | Delaware Trust Company | Corestates Bank, National Association |
| Aug 30, 1996 | Bank of Annapolis | Sandy Spring Bank |
| Aug 30, 1996 | Union Planters Bank, National Association | Union Planters Bank, 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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