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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
Jan 19, 1996 FRB Jefferson Bank Prohibition from Banking: Steen Ronlov
Jan 17, 1996 FRB Banco Portugues Do Atlantico, S.A. Prohibition from Banking: Anthony Delgado
Jan 16, 1996 OCC_OTS Charter Federal Savings and Loan Association Termination of Cease and Desist: Charter FS&LA
Jan 11, 1996 OCC_OTS First Fidelity Trust Company, New York Orders of Removal/Prohibition: Thomas D. Lovely
Jan 11, 1996 OCC_OTS First Fidelity Trust Company, New York Cease and Desist: Thomas D. Lovely
Jan 10, 1996 OCC_OTS (individual) Orders of Removal/Prohibition: Tamika M. Pack
Jan 10, 1996 OCC_OTS (individual) Cease and Desist: Tamika M. Pack
Jan 10, 1996 OCC_OTS Marine View Savings and Loan Association Cease and Desist: Radics & Co., LLC
Jan 10, 1996 OCC_OTS Plymouth Savings Bank Cease and Desist: Cornelius Bottomley
Jan 10, 1996 OCC Summit National Bank C&D or PC&D Requiring Restitution: Mannello, Joseph
Jan 10, 1996 OCC Summit National Bank Civil Money Penalty (CMP): Manello, Joseph
Jan 2, 1996 OCC_OTS Commercial Federal Bank, a Federal Savings Bank Orders of Removal/Prohibition: Christopher D. Rose
Jan 2, 1996 OCC_OTS Great Lakes National Bank Michigan Cease and Desist: Melissa M. Hall
Jan 2, 1996 OCC_OTS (individual) Cease and Desist: Kevin Spencer
Jan 2, 1996 OCC_OTS Commercial Federal Bank, a Federal Savings Bank Cease and Desist: Christopher D. Rose
Jan 2, 1996 OCC_OTS Great Lakes Bancorp, A FSB Orders of Removal/Prohibition: Melissa M. Hall
Jan 2, 1996 OCC_OTS Pacific Southwest Bank Orders of Removal/Prohibition: Kevin Spencer

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