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 9, 1996 | F & M Bank-Potomac | F & M Bank - Northern Virginia |
| Aug 8, 1996 | Pitts-Met Federal Credit Union | Greater Together Federal Credit Union |
| Aug 5, 1996 | Regional Bank of Colorado, National Association | Wells Fargo Bank West, National Association |
| Aug 3, 1996 | First State Bancorp of Princeton, Illinois, Inc. | AMCORE Financial, Inc. |
| Aug 3, 1996 | NBM Bancorp, Inc. | AMCORE Financial, Inc. |
| Aug 3, 1996 | Washington Federal Savings Bank | Allfirst Bank |
| Aug 3, 1996 | Amcore Bank National Association, Peru | Amcore Bank, National Association, North Central |
| Aug 3, 1996 | Northwestern Savings Bank, F.S.B. | American Federal Bank |
| Aug 3, 1996 | AMCORE Bank, Princeton | Amcore Bank, National Association, North Central |
| Aug 3, 1996 | AMCORE Bank, Gridley | Amcore Bank, National Association, North Central |
| Aug 2, 1996 | Union National Bancorp | First Merchants Corporation |
| Aug 2, 1996 | Wonderlic Companies, Inc. | Richmond Bancorp, Inc. |
| Aug 1, 1996 | Jackson Bancorporation | Goodenow Bancorporation |
| Aug 1, 1996 | Mid-America National Bancorp, Incorporated | Associated Illinois Banc Corp |
| Aug 1, 1996 | The Service Bank of Tonkawa | (unnamed) |
| Aug 1, 1996 | Crawford Bancorp, Inc. | First Financial Corporation |
| Aug 1, 1996 | (unnamed) | Cornerstone Bank |
| Aug 1, 1996 | Howard County Employees Federal Credit Union | Tower Federal Credit Union |
| Aug 1, 1996 | Beeline Employees Federal Credit Union | Utah First Federal Credit Union |
| Aug 1, 1996 | Farmers State Bank of Ypsilanti | Unison Bank |
| Aug 1, 1996 | Union Planters Bank of Perryville, National Association | Union Planters Bank of Southeast Missouri |
| Aug 1, 1996 | Ergon Companies Credit Union | Statewide Federal Credit Union |
| Aug 1, 1996 | The Union Bank and Savings Company | The Croghan Colonial Bank |
| Aug 1, 1996 | The Kiowa State Bank | Mountain Parks Bank-East |
| Aug 1, 1996 | Mid-America National Bank of Chicago | Associated Bank Chicago |
| Aug 1, 1996 | The Kinsley Bank | Farmers Bank & Trust |
| Aug 1, 1996 | Bolder Bancorporation | First National of Colorado, Inc. |
| Jul 31, 1996 | Central Bankshares, Inc. | Ameris Bancorp |
| Jul 31, 1996 | Pioneer Bancshares, Inc | Limestone Bancorp, Inc |
| Jul 31, 1996 | Brandywine Mortgage Investors Corporation | Republic Bank of New York |
| Jul 31, 1996 | Eastside Holding Corporation | Main Street Banks, Inc. |
| Jul 31, 1996 | Green River Bancorp, Inc. | Limestone Bancorp, Inc |
| Jul 31, 1996 | Key Florida Bank, A Federal Savings Bank | Regions Bank, National Association |
| Jul 31, 1996 | Manville Savings Bank | Raritan Savings Bank |
| Jul 26, 1996 | Tri-County Community Bank of Lehigh Acres | Florida Community Bank |
| Jul 23, 1996 | City of Charleston Employees Federal Credit Union | Members Choice WV Federal Credit Union |
| Jul 20, 1996 | F&M Bankshares of Reedsburg, Inc. | Associated Banc-Shares, Inc. |
| Jul 20, 1996 | West One Trust Company, Washington | U.S. Bank of Washington, National Association |
| Jul 20, 1996 | NBD Bank | Bank One, National Association |
| Jul 19, 1996 | State First Financial Corporation | First Commercial Corporation |
| Jul 18, 1996 | Sheldon Security Bancorporation, Inc. | Sheldon Security Financial Corporation |
| Jul 17, 1996 | Compass Equitable Texas, Inc. | Royall Financial Corporation |
| Jul 17, 1996 | First State Bank and Trust Company | Great Plains National Bank |
| Jul 17, 1996 | The First National Bank of Mangum | Great Plains National Bank |
| Jul 15, 1996 | Security Savings Bank | First Bank, Federal Savings Bank |
| Jul 15, 1996 | Valley State Bank | First Bank, Federal Savings Bank |
| Jul 15, 1996 | First Texas Bank | OrangeBank |
| Jul 15, 1996 | Nevada National Bank | First Bank, Federal Savings Bank |
| Jul 14, 1996 | The Chase Manhattan Bank (National Association) | JPMorgan Chase Bank, N.A. |
| Jul 13, 1996 | Summit Bank | Summit Bank |
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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