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