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