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