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 |
|---|---|---|
| Oct 25, 1996 | The Bank of Commerce | BancFirst |
| Oct 25, 1996 | Commerce Bancorporation, Inc. | BancFirst Corporation |
| Oct 25, 1996 | Gibson County Bank | Old National Bank |
| Oct 25, 1996 | Granville United Bank | Triangle Bank |
| Oct 24, 1996 | Saint Paul Medical Center Credit Union | OmniAmerican Bank |
| Oct 24, 1996 | Volga Federal Credit Union | Dakotaland Federal Credit Union |
| Oct 24, 1996 | (unnamed) | Firstar Bank Missouri, National Association |
| Oct 22, 1996 | Harry Rich Affiliates Federal Credit Union | L'Oreal USA Federal Credit Union |
| Oct 21, 1996 | Youngs Rubber Employees Federal Credit Union | Credit Union of New Jersey |
| Oct 20, 1996 | Workingmens Capital Holdings, Inc. | Old National Bancorp |
| Oct 20, 1996 | Onb Bank | ONB Bloomington, National Association |
| Oct 19, 1996 | First Citizens Bank | California Federal Bank, a Federal Savings Bank |
| Oct 18, 1996 | Yellowstone Bank, Absarokee, Montana | The Yellowstone Bank |
| Oct 18, 1996 | Mercantile Bank of Lake of the Ozarks | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | Mercantile Bank of Phelps County | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | The Yellowstone Bank, Columbus, Montana | The Yellowstone Bank |
| Oct 18, 1996 | Mercantile Bank of Warrensburg | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | (unnamed) | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | St. Clair Federal Savings Bank | National Bank of Commerce of Birmingham |
| Oct 18, 1996 | Bank IV, National Association | Nationsbank, National Association (Mid-West) |
| Oct 18, 1996 | Boatmen's Kansas, Inc. | Bbi Kansas, Inc. |
| Oct 18, 1996 | The Yellowstone Bank | The Yellowstone Bank |
| Oct 18, 1996 | Mercantile Bank of West Central Missouri | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | Mercantile Bank of Boone County | Mercantile Bank of Central Missouri |
| Oct 17, 1996 | Sutter Buttes Savings Bank, FSB | Tri Counties Bank |
| Oct 15, 1996 | Jdo Federal Credit Union | C-B-W School Federal Credit Union |
| Oct 15, 1996 | Crawford County Bank | Southland Bank |
| Oct 14, 1996 | Central Washington Bank | Pacific Northwest Bank |
| Oct 12, 1996 | Bank of North America | Bankatlantic |
| Oct 12, 1996 | Citizens Bank of Southern Missouri | Union Bank |
| Oct 12, 1996 | The Navarre Deposit Bank Company | Sky Bank |
| Oct 12, 1996 | Banco Central Hispano - Puerto Rico | Banco Santander Puerto Rico |
| Oct 12, 1996 | SCT Federal Credit Union | Memorial Credit Union |
| Oct 12, 1996 | Peoples Savings Association | Fidelity Federal Savings Bank |
| Oct 7, 1996 | The First National Bank of Westville | First National Bank of Danville |
| Oct 7, 1996 | Orland State Bank | Marquette Bank |
| Oct 6, 1996 | Southwest Financial Bank and Trust Company | Southwest Financial Bank and Trust Company |
| Oct 5, 1996 | Bank of Chapmanville | Logan Bank & Trust Company |
| Oct 5, 1996 | Graham Savings Bank, Inc., SSB | Central Carolina Bank and Trust Company |
| Oct 5, 1996 | The Anchor Bank of North Carolina | The Anchor Bank |
| Oct 4, 1996 | WesBanco Bank Kingwood, Inc. | WesBanco Bank Fairmont, Inc. |
| Oct 3, 1996 | Randolph County Bancorp | First Merchants Corporation |
| Oct 2, 1996 | Hawkeye Federal Savings Bank | Commercial Federal Bank, a Federal Savings Bank |
| Oct 1, 1996 | Burlington County Bank | Trenton Savings Bank FSB |
| Oct 1, 1996 | Continental Bancorporation | Collective Bancorp, Inc. |
| Oct 1, 1996 | Financial Bancorp, Inc. | Community First Bankshares, Inc. |
| Oct 1, 1996 | First Citizens Processing Services, Inc. | First-Citizens Bank & Trust Company |
| Oct 1, 1996 | Sierrawest Bank | SierraWest Bank |
| Oct 1, 1996 | First Midwest Asset Management Company | First Midwest Bancorp, Inc. |
| Oct 1, 1996 | Bancalabama, Inc. | BNF Bancorp, 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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