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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
Mar 14, 1996 OCC Capital National Bank Prohibition/Removal Orders: Martinez, Ramon
Mar 13, 1996 FRB Chemical New York, Inc. Prohibition from Banking: Victor Gomez
Mar 8, 1996 OCC Mission Viejo National Bank Civil Money Penalty (CMP): Brady, William T.
Mar 8, 1996 OCC Mission Viejo National Bank Prohibition/Removal Orders: Brady, William T.
Mar 8, 1996 OCC Mission Viejo National Bank Prohibition/Removal Orders: Wakeman, Robert N.
Mar 8, 1996 OCC Vineyard National Bancorp Civil Money Penalty (CMP): Vineyard National Bank
Mar 7, 1996 OCC Guaranty National Bank of Tallahassee Formal Agreement: Guaranty National Bank Of Tallahassee
Mar 7, 1996 OCC_OTS (individual) Prompt Corrective Action: Torrance Bank, SSB
Mar 6, 1996 FRB (individual) Civil Money Penalty $3,500,000: Swiss Bank Corporation, New York, NY
Mar 5, 1996 OCC Vineyard National Bancorp Formal Agreement: Vineyard National Bank
Mar 4, 1996 OCC_OTS Action Federal Savings Bank Orders of Removal/Prohibition: Joseph J. Caucino
Mar 4, 1996 OCC First National Bank of Shawnee Mission Civil Money Penalty (CMP): Levitt, James J.
Mar 4, 1996 OCC First National Bank of Shawnee Mission Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Levitt, James J.
Feb 27, 1996 OCC_OTS (individual) Orders of Removal/Prohibition: Bonnie Hanson
Feb 27, 1996 FRB Bankers Company of New York Civil Money Penalty $50,000: Mitchell A. Vasquez
Feb 27, 1996 FRB Bankers Company of New York Cease and Desist Order: Mitchell A. Vasquez
Feb 26, 1996 OCC_OTS First National Bank of Shenandoah Termination of Cease and Desist: First FSB of Shenandoah Valley
Feb 26, 1996 OCC_OTS First National Bank of Shenandoah Cease and Desist: First FSB of Shenandoah Valley
Feb 22, 1996 OCC_OTS (individual) Orders of Removal/Prohibition: David P. Potter
Feb 22, 1996 OCC_OTS Orange Savings and Loan Association Orders of Removal/Prohibition: Charles R. Davis
Feb 22, 1996 OCC_OTS Orange Savings and Loan Association Cease and Desist: Charles R. Davis
Feb 21, 1996 OCC_OTS First Commercial Savings Bank Supervisory Agreement: First Commercial Bank, ssb
Feb 21, 1996 OCC_OTS (individual) Orders of Removal/Prohibition: Vincent Elias
Feb 20, 1996 OCC Summit National Bank Civil Money Penalty (CMP): Garrity, Michael
Feb 20, 1996 OCC American Commerce National Bank Civil Money Penalty (CMP): Garner, Gerald
Feb 20, 1996 OCC American Commerce National Bank Civil Money Penalty (CMP): Garner, Daniel
Feb 20, 1996 OCC The Park Avenue Bank Civil Money Penalty (CMP): Aksoy, Erol
Feb 20, 1996 OCC The Park Avenue Bank Civil Money Penalty (CMP): Aksoy, Erol
Feb 20, 1996 OCC Summit National Bank C&D or PC&D Requiring Restitution: Garrity, Michael
Feb 20, 1996 OCC American Commerce National Bank Prohibition/Removal Orders: Garner, Daniel
Feb 20, 1996 OCC American Commerce National Bank Prohibition/Removal Orders: Garner, Gerald
Feb 20, 1996 OCC American Commerce National Bank Prohibition/Removal Orders: Garner, Joan
Feb 20, 1996 OCC_OTS (individual) Orders of Removal/Prohibition: Gary Dunn
Feb 20, 1996 OCC American Commerce National Bank Civil Money Penalty (CMP): Garner, Joan
Feb 15, 1996 FRB Northern Bancorp, Inc. Written Agreement: Northern Bancorp, Inc., Woburn, MA
Feb 15, 1996 FRB Northern Bancorp, Inc. Written Agreement: Robert L. McCrensky
Feb 15, 1996 FRB Northern Bancorp, Inc. Written Agreement: James J. Mawn
Feb 12, 1996 OCC_OTS First Federal Savings and Loan Association of Englewood Orders of Removal/Prohibition: Denny F. Rouse
Feb 12, 1996 OCC_OTS First FS&LA of LA Civil Money Penalty: Denny F. Rouse
Feb 12, 1996 OCC The State National Bank of Garfield Civil Money Penalty (CMP): Johnson, Donald M.
Feb 8, 1996 OCC_OTS Great Southern Savings and Loan Association Orders of Removal/Prohibition: Stephen L. Cauthon
Feb 6, 1996 OCC Progressive National Bank Formal Agreement: Progressive National Bank Of Desoto Parish
Feb 6, 1996 OCC_OTS First Federal Savings and Loan Association of Fargo Orders of Removal/Prohibition: Gregory J. Score
Feb 1, 1996 OCC_OTS (individual) Cease and Desist: Billy David Wylie
Jan 31, 1996 OCC Summit National Bank C&D or PC&D Requiring Restitution: Summa, William
Jan 31, 1996 OCC Summit National Bank Civil Money Penalty (CMP): Summa, William
Jan 27, 1996 OCC The Wolfe City National Bank in Wolfe City Prohibition/Removal Orders: Doyle, J. Michael
Jan 26, 1996 FRB Mercantile Capital Corp Written Agreement: Mercantile Capital Corp., Boston, MA
Jan 26, 1996 OCC_OTS River Valley Savings Bank, FSB Cease and Desist: River Valley SB, FSB
Jan 23, 1996 OCC The Malta National Bank Civil Money Penalty (CMP): Best, K. Lucille

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