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 |
|---|---|---|---|
| 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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